BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Whenever discussing the multi month BTC run up I always said "volumes speak volumes" and the volume was never here to support it let alone sustain.

Expecting some new recent lows in the high $1700 range.

If BTC breaks $1600 a 50% devaluation from the current price is not unrealistic.
Note: last summer BTC was trading in the $750 range.
Comment: actually feel bad when this hits under 1k
should be a great time to reload not give up

distribution phase about to commence
Comment: 2100-2200 lose ground 1800,1600 arent far away support wise

Im going to speculate a return to the 1000-1200 support range if we dont see any significant fundamental news items this month
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j_nathan YardleyRosette
@YardleyRosette, thanks for the chart, interesting indicator at bottom, visually couldnt tell if a bollinger, TK, or stochastic
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@j_nathan, KK Traders Dynamic Index.
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