After failing to break through my weekly moving average the BTC/USD moved back to a short term downtrend with a lower top at 6.8$ after the previous one of 7.3$; i initially though that a bounce to 8.5$ was possible but i was wrong, the market failed to going above 7.3$
At this point i’m not so sure about the main 4.2$ bottom, continuous failures to go above my reference weekly moving average is a confirmation of the overall bearish outlook at least on a weekly basis. I can speculate to project a new bottom and i’ve a new support at 4.1$ using an halved volatility factor, with a standard value i have a level around ~3.5$ where i think strong buyers will come back for a new buying opportunity.
Bitcoin Trading Ideas, Analysis 
Despite this bear market I’m still buying occasionally. Bitcoin will benefit in the same way that precious metals will when the US dollar / Euro etc fall into ruin. Bitcoins day will come, it’s waiting in the wings patiently until then. I can’t speak for other investors but rather than trying to time the bottom just accumulate a few now and then and hold onto them.
ps good job on the site, keep it up
is very likely the low is in.
bitcoin made a higher low from the August low and is holding two key trendlines from August…