Quote from: Raystonn on June 12, 2014, 05:37:48 PM

Quote from: MatTheCat on June 12, 2014, 11:55:18 AM

Quote from: Raystonn on June 12, 2014, 01:00:21 AM

I think it's entirely possible we could flash crash down as low as 420 within the next 2-3 weeks, ending the week of the crash above 540. It's also possible we could stay flat for 2-3 weeks. Either way, when we break above 685, we're on our way to a new ATH. I expect to revisit the last ATH in about 7 weeks, and be at our new ATH about 4 weeks after that.

You think that the market could handle going down to $420 and then charge right back up to a new ATH? If we go down to $420, then we will be looking for a new ATL for 2014.

A price change of similar magnitude happened the week of 9/25/2013, after the weekly MACD turned green. It was the ultimate bear trap before the big rise. It sounds like such price action would likely pull you into the bear trap.

Well, that was quick. We locked in green on bitfinex, so it will always be there. Bitstamp's is now gone. Here is the crash before we go vertical. I expect us to stay low at least until June 27th.

For now, as always.... we hold.