CRInvestor
Short

BitCoin run into a bit of a wall

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
127 0 2
Hello all, as an ongoing commentary on BitCoin here is the latest offering. We basically rallied right up into the Optimal Trade Entry ( OTE             ) short sweet spot (800.96) and have oscillated around that level for the past few hours. While I would like to be short from that level, I did have a smaller time frame setup come in on a move through 796 today and so I suggested that as a level to work with. Downside targets are limited on this play ( OTE             long ss             atm currently 746) and I am more than happy to risk up to the recent peaks at 837...
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