BTCE:BTCUSD Bitcoin / Dollar
Looking back at the last month you can see were in a clear downtrend. 2 lower highs, 2 lower lows so far. There is a clear downward pressure from the trend line too. We've tested the .618 fib the last day or two and its looking like we may be unable to hold. If we can't hold above $713 Btc-e in the next day we'll hit that trend line and head down to around 482 to test that low. It may not happen as fast anymore as it seems is getting a little more stable relatively speaking. However, if we CAN hold above the 713 btc-e and break that trend upward then I'll be jumping on for the ride up. Good luck to all!