CAM_SMlTH
Long

Yes I know it's #bitcoin, but...

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
586 1 5
Looking for a long term buy, hold and pray type setup. I believe there is a high probability that BTC will drop to this confluence area between previous support/resistance , trendline support and 400 round number support and bounce back up to at least 1000. What happens after then, if that eventuates, I have absolutely no idea but I don't see it dropping below 300 or staying down here for long. This is not a typical trade as it is a unique currency. This trade is all about risk reward, stop loss 295 and profit target 1100. Although you could afford to have a very small position with no stop loss and hold indefinitely as a bit of a hobby ;-)
Nice catch ^^
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