1hr BTCE interesting trade setup into Saturday

BTCE:BTCUSD   Bitcoin / U.S. Dollar
428 4 4
While the bearish ab=cd harmonic pattern works itself out (target 534.11) there are sometimes nice counter trend rallies that occur. One may play them long or just wait for the rally to setup new shorting opportunities. On a very short term basis one could play a breakout of the past eight hour trading range with stops (on positions established) placed just on the other side of the range (575.43 & 566.13)..

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Update as of 03/22/14. The mentioned price channel resolved bearishly. The break of $566.13 suggested a short with stops placed just above the channel high at/near $580.
spot on
Jeez man it's getting kind of spooky how accurate your charts are -- you're like some kind of BTC chart whisperer :)
CRInvestor devlspawn
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