CRInvestor

1hr BTCE - Bear ab=cd target hit, now what?

BTCE:BTCUSD   Bitcoin / Dollar
380 2 3
On the heels of the San             Francisco conference the market promptly fell apart (sell on the news). Couple that event with the recent IRS             ruling on BitCoin taxation and we had the makings for a dump. Logical downside targets remained the bearish harmonic price pattern ( ab=cd ) target at 534.11. Now that the bear ab=cd target has been hit, will we see this market finally bottom? That is still too early to conclude but it is interesting to see how Willy is just now starting to get a little stupid....

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Unconfirmed news just broke. I'm waiting and seeing before buying again.
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agree, volume needs to calm down imo
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