Quote from: holomen on June 11, 2014, 12:48:04 PM

Quote from: cspeter8 on June 11, 2014, 12:29:04 PM

Quote from: Todorius on June 11, 2014, 11:23:10 AM

Quote from: holomen on June 11, 2014, 09:04:02 AM

I could call Last 6 days a flat water.

Average Trade volume within that period seems to be similar to May1-May19.

I have a feeling we should be making leg up to 800 soon.

But who could tell when the storm begins?

Yes. And I can't emphasize enough how much that feels like September 2013, when we had to endure weeks and weeks of low price action and volume seemed to fade off into the depths of nothingness.
Yet, out of nowhere, a sudden burst of green showed up in mid October, the volume ever increasing. When this will happen is hard to know. We could go sideways for another month in the worst case, or a few more days in the best. Yet the leg to 800 will surely come at some point.

how can you be confident it will not retest the lows of mid May of $450? Last 7 days seem to be gradually inching downwards.

I'm not a TA expert, just started to interpret and read about few weeks ago, but from my point of view, I have few arguments:

1.If there were a retest, it most probably would have started on first days of June.
2.We are about -0,39 from S.Reeds trendline.
3.Within 6 day period (2 hour chart) highest candles are still green
4.And the Selling is Caused by week hands and none of the strong ones wants to Donate their coins;)

This. All the indicators basically are very similar to the situation in Sep 2013.