In what can only be described as dramatic (and maybe even a little capitulate-ory...is that a word?) price action, BTC-e saw double digit percentage losses today as a plethora of fundamental events have hit the market since the end of the San Francisco conference. The end of that event should have been a warning sign (sell on the news) and indeed price headed south shortly there-after. Interestingly, this dump in price has not been accompanied by momentum or volume suggesting that OTE long zone (and the sweet spot in particular - 509'ish) of this entire bull rally may be an interesting level to consider. I find it interesting how price is now using the well mentioned bear ab=cd target (534.11) as a pivot. If that level can be reclaimed, the worst of the storm may be behind us - for now...
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If my charts help you, or you use my indicators...
please consider a BTC donation to allow me to
continue my work :
1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5
& follow me on Twitter @CRInvestor
Additionally, if you have questions about my indicators feel free to inquire as to when my next Google hangout tutorial session is scheduled so you can ask me in person...
(or go here: www.google.com/calendar/embed?src=YTJscj...)