Last night we put our traders on strong caution (do not buy), and unfortunately it was correct, and it's still on. Bitcoin is struggling. When Asia clocked in, it pushed bitcoin lower, Europe woke up buying bitcoin, then New York started selling again. Buying does not seem to be strong enough yet.
None of our systems are screaming BUY yet.
News is mixed with the debate between Bank of America, China and now Ron Paul (I think he just wants headlines.) There are several scenarios for bitcoin to recover, let's see how they play out.