No great price action upwards has happened since the latest market bottom. Now bounce back within the trend channel to the next support (78.6% retracement). Stay short!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
From next Monday on there will be the another moment for price action in favor of bulls. However, market sentiment is strongly bearish, mostly becasue of Bitcoin dilution. Mt. Gox, and others who just have discovered an amount of Bitcoins in the treasury chest (e.g. on a hard drive of an engineer having been fired) before deciding to convert it into FIAT money :). I assume that majority anticipates the hit on the 6000 barrier before making again an investment in bitcoin.