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29.11.14 – Bitstamp – BTC/USD

Quick Update | 1HR time interval During the recent breakdown, intermediate support at $356-$358 area proved to be strong. Since then, price has painted a strong reversal currently testing the 100MA Support (light blue dotted line). However, today’s action has tested and reversed almost all the short term support and resistance levels. Our models estimate […]

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21.11.14 – Bitcoin – Target Update

Price at Bitstamp below technical support | Daily time interval On the long side: There has been a lot of technical damage during the past two days. To begin considering any long positions, first the 20MA resistance at $366 needs to be taken with conviction. If such action commences then a strong break above $376 […]

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