Bitcoin situation right after Gox news of BTC withdrawal problem
Daily chart actually doesn't paint a nice picture of the current situation. MACD and Fisher have ways to go down yet before we bottom out. WAD-SMA also have crossed the first time after the meteoric rise of november 2013.
Price also touched 243 EMA ($500-ish) briefly, which it didn't during the last 2 flash crashes. I would be cautious of long positions at the moment.
While many bulls argue this is the perfect time to buy, I will be holding onto my short from $820 for a while yet, looking to go long after this round of dumping is over.
Price also touched 243 EMA ($500-ish) briefly, which it didn't during the last 2 flash crashes. I would be cautious of long positions at the moment.
While many bulls argue this is the perfect time to buy, I will be holding onto my short from $820 for a while yet, looking to go long after this round of dumping is over.