Looks like we stabilized around this area. What is likely to happen is that we chop between 575-550, a consolidation since there is significant support and bitcoin sold off so fast. The fact is that we are still short term bearish because we tumbled almost 100 points from the recent high, until we see volume picking up on the bid side, I will stay short term bearish.

My yesterday's head and shoulder pattern broke down and target is 550. @ibankbitcoins
http://www.ibankbitcoins.com/sites/default/files/resize/users/user1/2014-06-24_chart-947x661.jpg