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Topic: [2016-01-15] Bitcoin Price Below $400 (Read 240 times)

hero member
Activity: 644
Merit: 509
January 15, 2016, 09:08:37 PM
#1
Price has been declining consistently all day and punched below $400 (Bitstamp) at 13h00 UTC.

Despite momentum indicators showing price to be oversold at all timeframes we reference (1-day, 4-hour, 1-hour and 15-minute) the decline has continued. The 1-day and 4-hour RSI is reverse diverged to the downside and this implies that price will return to the upside at some point. When, or from what level is unknown, because if there is one thing the market will teach a trader during strong decline it is to never try to catch a falling knife.

https://www.cryptocoinsnews.com/bitcoin-price-below-400/
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