Bitcoin Price Update: Testing the Downtrend
2013-12-24: Bitcoin price is meeting the downward trendline. In the above daily chart of the Bitstamp Bitcoin price in USD, we've got blue and purple volume bars semi-visible in the background. Also shown are the Fibonacci levels, a downwards trendline, a tentative channel and the MACD indicator. For an explanation of the Fib levels and MACD indicator, please see the 1st section of my previous post. I've switched to using the Bitstamp price instead of the Gox price. The exchange I intend to trade on uses the Bitstamp price for reference. This link should take you to the exact chart I'm....
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