dgarcia
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February 09, 2014, 05:53:10 AM

Anybody know last time we had 7 straight red daily candles on Bitstamp? Has it ever happened?

That's what is happening right now. That should give pause to any bear. At least for the next day or so. Not saying we can't or won't go lower. But that is a long consecutive red candle streak. Now, I know bears will decry this, but I said the same thing a few weeks ago after 8 straight green daily candles.

Something to watch.

I think we will pause. We're hardly oversold, so I guess at least we'll make short upward bounce.