ItisCalvin
Short

Strong Sell Signals - Downward Trend Continues

BITSTAMP:BTCUSD   Bitcoin / Dollar
338 0 0
Many of the indicators are agreeing that there is going to be some downward movement of the coming hours. EMA 10 & 20 are about to crossover which would confirm a downward trend. Seen the MACD already crossover and expect continuing divergence over the coming hours.

BB bands indicate that 620 could be a good target price.

While Bitstamp did re enable withdrawals again the effect of that has worn off. Unless Mt. Gox allows Bitcoin transfers out expect the downward trend to continue.
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