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Never again will I use bitfinex data to make charts. BLX -7.77% is an index used to get an average price for bitcoin 0.14% across the market, Bitstamp charts are pretty damn close to BLX -7.77% so from now on that's going to be my data. Last night I saw the false breakout and decided not to chase it, instead, I went out and had a bit too much to drink. I woke up this morning to a sea of red charts and thought WTF is going on? Well after digging for the answer, I came up with this: Bitfinex charts are misleading and will sucker people in leaving you holding the bag! As you can see from the chart, we didn't break anything! I'll update if anything changes, but for now $4250 is still my target for the bottom. FYI, cheap BTC 0.14% is great for buying alts, so I don't expect them to follow. In fact, I expect them to go the opposite while only correcting when BTC 0.14% makes big moves downward.
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#Collected