Toru
Short

BTCUSD may comes down to 380 +- 20

BITSTAMP:BTCUSD   Bitcoin / Dollar
379 2 6
BTCCNY             is a leading indicator of BTCUSD             . Now the bottom chart shows spread between BTCUSD             - BTCCNY             , and it clearly shows reversal formation at this time.

And also, the trading volume is not catching up. Thus, it is still skeptical if BTCUSD             breaks 470. I am a bit of bearish standpoint currently and may 380 +-20 is something that I see from the chart.
yes this retrace to 460s is not at all a reversal, rather a low volume retrace for Okcoin settlement last night. we will fail breaking up and head down again to 400-380 most likely. if a bearish news come out on BTC (some hoax, hack) i expect much lower
+2 Reply
This is the best one I've ever seen. Thank you sir!
+1 Reply
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