Strong support at 790 stamp. Seems like the bid wall woke up and ate everything. Scary.
People want to buy cheap coins at 790 USD/BTC. Its 24h triple bot at stamp and 4h triple bot at china. Gox is double bot.
It's just silence before the storm.
Well, here is the deal guys. If the bears are going to win they must win big. This market is not just going to trickle down for a month. If it trickles down, it will do so until we get another wave of good news (they are coming more frequently these days) and it will pick up again northward.
So all of you hoping for $400-$500 coins better prey some big hands come in and bust resistance downward. Otherwise, $600 is probably the best you will see in this rally.
I still fully expect us to break northward this week. Everything here looks almost exactly like the chart in March.