Bitcoin (BTC): Dec 10 2014

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BTC dec 10 microsoft 1

 

 

 

 

 

 

It is almost midnight (Pacific), and the great Microsoft pump of 2014 is shaping up to be the great Microsoft dump of 2014. Unless a lot of buys show up soon the sells will be fully in control again. The price is waving up and down on the final line of support from the previous bullish 1D support that broke a couple of days ago. The price action has correct the charts back up to the MA’s, thus this feels much like the PayPal pump&dump more than a market reversal.

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