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commanderwilson
Jun 10, 2013 2:41 AM

BTCUSD Long

Bitcoin / U.S. DollarMt.Gox

Description

If you are at all bullish Bitcoin in general, then this market has done all it should need to to tempt you in @ $90, which represented a re-test of longer term rising support and 'fair value' within this context.

Does this mean that the sell-off is over? Well, as ever we can never know, but what we can say with confidence is that technical reasons for bulls to overpower bears accumulate quickly below $90, which is why we have already seen a bounce.

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