For Doom to continue these important support levels need to breakdown >>> 1543-1563 & 1440CNY!!!
EURUSD at this level is ridiculous. Its about time the Euro faces its fundamentals which have been poiting down for a while now.
Although the last shorts did not really play out, Bitcoin remains in Full Bear Mode. To turn bull it will need to sustainably break the longterm downtrend at around 1655CNY. Until then stocking up shorts is recommended...
This is where Bitcoin is obviously heading... Worth shorting some Corn in the 1460-1480 price range (fakeout expected). Besides, the situation @ EURUSD is pretty much identical. Apart from being another great shorting opportunity, it will be interesting to see if both pairs somehow correlate after all.
Cannot have dem lines always a 100% correct. Here is the adjusted version. I also increased the HAMMER size. Should work out now. 1465CNY to break!!! EDIT: Hammer confirming...
In these days one frequently gets confronted with bulltrolls who keep spamming their BitFinex chart, which can be very misleasing due to its lack of history. This becomes obvious when looking at Bitstamp. It´s as bearish as BTCChina. So, don´t be bullusional.
Potential support levels added... www.youtube.com
Lots of resistance to break here for dem bulls... No worries, fellow bears...
Don´t be fooled by randomly drawn trendlines...
Just a matter of time...