BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
37 0 0
It looks like at the price of 1337 there is a support that has been avoiding the price goes down since February. In general we are in bear tendency since last year even though, at the end of the year the prices started going up that looks to be temporary due to the MA's are getting close and if they cross each other means the tendency will change just to continue with the general tendency and like a way to cover the triangle form. This also looks like a leaning resistance, the price has not been able to break it.

Moreover a new leaning line has formed and this looks like a bearish channel . The prices will be ranging inside this channel until the strong support or the price can break the resistance of the bearish channel just to find this leaning line works like a support but in the same bearish tendency.

Since my view the bit-coin price is going down into the following days.
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