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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If my charts help you, or you use my indicators...
please consider a BTC donation to allow me to
continue my work :
1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5
& follow me on Twitter @CRInvestor
Additionally, if you have questions about my indicators feel free to inquire as to when my next Google hangout tutorial session is scheduled so you can ask me in person...
(or go here: www.google.com/calendar/embed?src=YTJscj...)