I have been fowling this chart for months, I'm going more or less all in here, with a few stops to do partial unloads below 290. If the long term support line is breached it can go way down. It has to bounce here.
Add: I changed the line slightly, since there were two lows under the line, and it is now crossing around 271-275: this has to be it or bitcoin will keep going down to (maybe) 129 or even lower. No doubt, doing technical analysis on the price of western exchanges is risky, since it's the chinese ones that are driving the price. But they have to check western charters to get long term perspective.
Add: I changed the line slightly, since there were two lows under the line, and it is now crossing around 271-275: this has to be it or bitcoin will keep going down to (maybe) 129 or even lower. No doubt, doing technical analysis on the price of western exchanges is risky, since it's the chinese ones that are driving the price. But they have to check western charters to get long term perspective.