Bitcoin_Altcoin
Short

Downward Channel on Bitstamp

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
78 0 0
The Bitcoin             market (on Bitstamp ) has been staying in this channel throughout most of this Mt. Gox debacle. More recently we have been going down and bouncing off of previous levels of support and resistance . The entire channel of course is sloping down, and with this market I have no reason to think things will turn around soon, unless there is major bullish news.
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