[2016-02-08] Bitcoin Price Teetering On The Edge

[sirohige]

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.

https://www.cryptocoinsnews.com/bitcoin-price/