MTGOX:BTCUSD   Bitcoin / U.S. Dollar
47 0 0
As mentioned in my previous post the breach of the smaller support zone was followed by more selling. BTC still very news driven, and more negativity out of China has caused the bears to come out of their caves. Price action is bearish here but we are the $900 support level and also in an intermediate support zone from a previous bull leg. However this support zone has been revisited now for a third time, not something I like to see if we are to go higher in the short term. I will follow this up with a revised long/short target chart.
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