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.