ChartArt

eBay (PayPal) in Talks with Coinbase to Accept Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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We might have a bottom at $500. Then a new uptrend might grow based on the eBay news and test at least the last resistance at $550 or $570. Stop loss $497

- Ebay's PayPal Subsidiary Braintee in Talks with Coinbase to Accept Bitcoin
http://www.reuters.com/article/2014/08/1...
http://www.nasdaq.com/article/ebay-payme...
http://online.wsj.com/articles/ebay-paym...
http://www.coindesk.com/paypal-subsidiar...
Not a good news.
We are in bear and this will only bring us further down. Paypal accepting Bitcoins means millions more place to cash out and cause more pressure on price.
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ChartArt LastBattle
This is an announcement that in some time in the far future people might pay with Bitcoin at eBay. There is no immediate selling pressure from people cashing out at ebay with BTC.
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