adamstgBit
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July 28, 2014, 05:41:43 PM

so far, technicals point to a pretty crappy outcome.

I place little faith in technicals.... but they do look like shit right?

560 seems likely

altho we did paint a double bottom on similar volume on the 26th...

maybe this is the higher lower being painted.

one thing seems clear sellers are in control.
technicals change quickly.

now we're seeing more volume on the bounce back then there was on the init. drop below 575.

smells more and more like a bear trap.



rumour has it ~ the London fix debacle will push us much higher! imho  Cool

its bearish for silver... altho silver bugs saw it as bullish " finally price manipulation is over "
silver is a direct competitor to bitcoin in the alt currency  / store of value market.
what's bad for silver is good for bitcoin.

I believe it.