Week 3 events.
- Countries around the world continue to issue warnings about bitcoin!
- Banking industry and government demand controls were needed to ensure that illicit transactions could not take place. Regulation was needed to “legitimize” the digital currency
- Asian markets like China and India continue debating restrictions on virtual currencies like bitcoin and litecoin.
- Chinese Central Bank Official: “We don’t want to suppress or discriminate against bitcoin, we are simply saying it is not a currency.”
- More and more businesses continue to accept BTC
- US Government announces it Will Sell almost 30,000 of Silk Road Bitcoins

Some thoughts:
- Bitstamp: If it break $760 should drop to near $520
- Gox: If it break the $860 should drop to near $500
- We continue on a downtrend!
- There is a small chance of climbing! With resistances in the $850 $900 and $1,000

My position:
- Bear

Chart:
From now on Bitstamp chart
http://s24.postimg.org/qgwbecxox/s3_bitcoin.jpg