basically we had a that broke out upwards on 1/4/14 that ended up bring us even lower than the breakout point. we discovered support at 765 stamp. then we had another
that tells us that buyers are gettin weaker and weaker at these prices. i see way too much manipulation Huobi to believe that we are standing at solid support at the current price of $820 . then we had another formation that broke upwards very weakly this past weekend that failed to even break $850. now we seem to be trending sideways. what the action from the past 3 weeks has shown us is that there is absolutely no buying power that can take us to 1000 and sustain that level without an ensuing sell off.
staying in fiat until clearer trends are shown is still the safest play.