Looking back at the last month you can see were in a clear BTC downtrend. 2 lower highs, 2 lower lows so far. There is a clear downward pressure from the trend line too. We've tested the .618 fib the last day or two and its looking like we may be unable to hold. If we can't hold above $713 Btc-e in the next day we'll hit that trend line and head down to around...
Both fib lines are matching up perfectly at around $915. This is a very solid top, if we can break through this we could then head up quickly to test first $990 then $1042. If we don't break these points with high volume then its likely we go down to $830 (Again).
The next few hours should be very interesting, we're hitting some key trend lines. The market is really moving right now, time will tell which way.
This chart looks similar to last weeks! What will happen?