Critical support area on bitcoin 1 hr

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
We are on support, bulls need to bounce at this level or else we will fall to the lower rectangle . That is not good for the bulls.

I do daily bitcoin             market updates. Follow me on my bitcoin             trading blog or live trades on twitter: ibankbitcoins.com @ibankbitcoins
We are falling since 19 hours (look at my chart), it's only a matter of time until the last intra-day bulls give up.

well done bud, you have a short position with a stop above the high? If i interpreted correctly?
ChartArt ibankbitcoins
I only bought at $476 and sold at $494. Shorting that looked too risky.

I'm now waiting to buy back again at $475 - or at $450 - depending on what I see happening next.
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