LeaderOfTurtles

BTC down for the next month?

BITSTAMP:BTCUSD   Bitcoin
These are my thoughts on the possible movement of BTC over the next month. There are major trend lines at 7500 (which is also a fib level), 6600 (previous low), and a possible chance to go as low as 3500-4500 (major long term trend lines). Each of these points has a strong chance for a bounce. My question is, at what point will most traders decide we've had enough downward movement for a true reversal?
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