A closer look at Bitcoin's price action today.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
On this 15 minute chart, we can see we've dipped below important moving averages , and got turned at resistance trendlines .

We now have to get back above 11430, and stay above 11125, in order for this uptrend to remain intact.

Personally, given the look of the 4h, daily and weekly oscillators, I think we are still headed lower - but if this current support holds, we could make quite a bounce ( 13k , 14k ) before going lower.
Comment: On this 5 minute, we can see the difference between a nice strong bounce and a dead cat.

Comment: That is not the kind of healthy springy reaction you want to see from your support levels.
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