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Title: [2016-02-08] Bitcoin Price Teetering On The Edge Post by: sirohige on February 08, 2016, 04:37:13 PM Technical analysis has been emphasizing a bearish outlook, and we certainly see the signs in the chart, but there is a very real danger that price only declines to the local support floor near $365 (Bitstamp) and 2450 CNY. Traders should enter a signaled short trade with a quarter-size position – not to allow a wider stop-loss, but to allow closing the position at minimal loss should price bounce from the support floor.
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