The drop is interesting because it did not achieve a new low – well, that may still follow later – and price has halted at a longterm supporting Fib trendline.
If price can maintain position here, we may see a surprise reversal to the upside, as happened in September last year. In this scenario we need to wait for price to maintain altitude before we think about trading again.
https://www.cryptocoinsnews.com/bitcoin-price-cynicism-pulling-us-down/
Topic: [2016-01-28] Bitcoin Price Cynicism Pulling Us Down (Read 291 times)
Jump to: