Bitcoin market update, 8/15/2014.

Looks like we reached new lows on ok,huobi and stamp overnight, we consolidated yesterday for a while before heading lower. I am still confident from my post yesterday that we will hit around 450 target. Large usd swaps closing confirms this down move overnight.

On the bullish end, we are very oversold. I don't use indicators, but I bet every one of them is at like 0%. Sentiment on these forums are groom and doom. A bounce is due, but nobody knows when. Even if we do bounce, it may be short lived. That is the nature of bounces, not a trend reversal. Be careful. No signatures folks.