Esper
Short

Bears chasing Bulls down to December support?

BITFINEX:BTCUSD   Bitcoin / Dollar
After a very long sideways btc took a cliff             dive down to $255!

The price is currently moving down along a 45° angle with bounces
at key fib levels turning into increasingly larger Bull runs ( Bull traps).

If trend line from December is retested and fails then serious doubt
about the much hyped technology could trigger another cliff             dive down to $207.

If support at $268 holds then we might see a lot of sideways bouncing
between $268-$279. This could go on until the 6th or 7th January when
we reach the 3/1 Gann from $314.
Considering the general bear trend Bulls should have a hard time breaking that line.

Disclaimer: I'm not an investment advisor. These are just my personal thoughts about bitcoin price.

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