Further massive drop ahead?

BITSTAMP:BTCUSD   Bitcoin / Dollar
477 4
Imo all Traders are watching the Level 750-780 at present. The Chart in my illustrated view is still bearish . (still a classical falling knife Situation)
Here many People could have istalled their SLs below that Level. Should we really break through that Level (former BO-Level) i exspect a massive and very fast /strong selloff....TPs ~ 670/620
Trading above 780 opens the opportunity for a Long with a wonderful c r r

For further Infos feel free to have a look at my other btc-views

longterm: Buy @ 780 Sell @ 1400?

780$ = Level to watch!

I agree with you,further drop is very high possibility,daily rsi is 30+ now,drop to 20+ is perfect.
what do you advice ? to sell lower than 760 and to buy upper 780 ?
it is dependeing on which side will be triggered first @BorisBezard,
@BorisBezard, if we trade below 750 a stoppsell is thinkable.....above 780 a stoppbuy is possible...with a good and solid MM and Position size you can minimize the risk
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