ok i will try to explain with my bad english if you speak french go to the french part for better understanding :)
so a lot of good trader think the bear is not over because we didnt made a bottom lower than the bottom of the 6 february.
My theory in two point :
first : exceptional circumstance
mtgox sell lot of btc
big fud with lot of bad news
>>>the price should not have hit 6000
second : wick
the second point complet the first , in fact when we hit 6000 market react very quickly and strongly , so if you take a look on the chart without wick or use over think like me (line) , you will see that :
6 february bottom : around 8000
end of march bottom : around 6800
so we have a bottom lower than the one before and a good crash pattern in 5 waves.. in theory The Crash is Over :)
sorry for my english hope you understand...
like if you apreciate , thanks :)=
so a lot of good trader think the bear is not over because we didnt made a bottom lower than the bottom of the 6 february.
My theory in two point :
first : exceptional circumstance
mtgox sell lot of btc
big fud with lot of bad news
>>>the price should not have hit 6000
second : wick
the second point complet the first , in fact when we hit 6000 market react very quickly and strongly , so if you take a look on the chart without wick or use over think like me (line) , you will see that :
6 february bottom : around 8000
end of march bottom : around 6800
so we have a bottom lower than the one before and a good crash pattern in 5 waves.. in theory The Crash is Over :)
sorry for my english hope you understand...
like if you apreciate , thanks :)=
