CMMPro
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November 08, 2013, 03:41:36 PM

No it isn't...it's like listening to a bunch of kids chatter about the boogeyman.

And BTCChina isn't showing any thing like a "tanking pattern"....btw there is no such thing as a "tanking pattern" in tech analysis....this is little children making up their own terminology to describe things they don't understand.

It has flattened out because China is hitting the 2000 psych barrier and it will take some momentum to get past that number....no one is dumping as of yet. It is actually positive imo that it hasn't retraced a significant amount into this weeks rally.  

It would have been way more impressive to read this when I asked about it. But I do like the explanation.

I just saw your post and commented when I did....

I fully expect a flash crash back to around ~1638Y (50% fib retrace), or even lower to ~1446Y (78%).....this likely won't last long but it would be worthwhile to place some buys at these levels and move them up as the price increases.