As this is Risto's quality TA thread, could we please analyze the crash that occurred last night? Do we have some TA to account for the reasons or do we know nothing about the reasons?
launch pad is clearly at 550 USD. Just waiting for the traders to come back from their holiday and some good anouncements: paypal/ebay adding bitcoin + COIN ETF approved by the SEC
That's a very optimistic sentiment. But what do you say happens if we see another big wave of selling and slide into the $530s or $520s. I guess a lot of long positions are going to get margin called then. And I'd hate to state what happens then....