MTGOX:BTCUSD Bitcoin / U.S. Dollar
I don't know if can be applied on ( as it is a different beast), but if yes, based on simple support resistance lines ( in blue) , looks like it may bounce back. But right now , price movement is heavily influenced by fundamentals ( news, exchange issues, arrests of major players in the field, etc ). So again, don't know if T.A can be properly applied here
Why would anyone hold BTC at this point ? On one side you have regulators who are obviously not happy with people "printing" their own money, and the other side you hackers who are deliberately attacking BTC exchanges to drop the prices so they can buy the dip. Do i really want to own such " security" ?. Does anyone own BTC for peer 2 peer payment system or just to make a quick buck ?