BTCUSD 3 MO.

7 feb 2014

So Russia bans BTC. Well if you are into catching falling knives, normally I would say this would be one area to give it a try. Trend line and fib support here, with more fib support just below. However, since there are a lot of BTC in Russia, there will probably be more selling pressure, so I think the trend line will be broken and the major support zone will be tested. I am a buyer there, but until then I expect the bears to be in control......

BTC: 1ApoHQdEYix9DYZUsVSzYdXTGbnmfyeftD