[2016-05-02]Bitcoin Price Watch; Profit Taken on the Short

[BTCBinary]

Bitcoin Price Watch; Profit Taken on the Short

Let’s kick things off with a chart. The chart below highlights the action seen in the bitcoin price throughout today’s session, and has the framework we placed onto action earlier this morning overlaid. It’s a fifteen-minute candlestick. So, as the chart shows, having declined considerably overnight, the bitcoin price found support at a little ahead of 438, before correcting to the upside to trade in a pretty tight 440-444 range. This range has dominated action today, and gives us something to go at this evening, and beyond, into the Asian session tonight.

http://www.newsbtc.com/2016/05/02/bitcoin-price-watch-profit-taken-short/

[richardsNY]

Some whales where Craig Wright most likely is one of, have made themselves some good profits today by what could be an organized attack on Bitcoin to get the price lower. It's nothing more than trying to manipulate the price into a certain direction.