Bitcoin dips below strong support. what now ?Bitcoin / U.S. dollarBITSTAMP:BTCUSDOrriginal As we can see on the chart, PA did drop under the VWAP line , We can also see how this happened previously on the 5th Febuary and then and swiftly recovered, So now, I am watching closely and we wait to see if that happens again or will we Drop lower. Waiting for the Bulls. If PA bouncesm this could be Bullish, creating a Double Bottom with Targets aaround Mid 70K Should we continue to drop, we may visit the Range Low around 58K. Waiting is the hardest thing to do. Stick to your plan Do not panic trade. Bit one thing I am going to say is this...We are nearing the end of a RED Month Candle....The 5th in a row. This has happened Once and we do have a chance of a Green March...... We maybe near a Local Low....but we need confirmation. If you are shorting, Good luck with that