2 possibilities , it broke down from a descending triangle and will keep going down to 4.8 or so then grind to a halt or BTC oversold: price manipulation, or depressed market sentiment in south Korea caused an overreaction to the coin rail hack. The price slowly gets back on track and hits the fib point again in Nov then up!
Funny tweet...
twitter.com
My guess is there'll be a cross over of the 50 and 200 ma on the 2 h candle chart soon
and it'll balance out around 8.2. it may even go a little higher then fall back
making what Willie Woo calls dead kitten #3
Bounced at .618 on the sonm eth chart though...
sonms a great project. I started buying it in the ico
but it sold out and I had to test out hitbtc at about 6 cents.
