ibankbitcoins

Bitcoin at support from previous trendline 10-23-2014

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HUOBI:BTCCNY   None
From a technical analysis point of view, we stopped right at the previous red support I drew a while back. In addition, previous pullback was also around this area. I think we will chop around this area before continuing. Trend is down so I say we go lower, but I will be on my toes in the case we reverse.

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I do live trades and bitcoin market analysis daily. Follow me on my bitcoin trading blog and twitter: ibankbitcoins.com, www.twitter.com/ibankbitcoins
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