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Double top

Short
MTGOX:BTCUSD   Bitcoin / U.S. Dollar
9
The basis for the idea that we're seeing a double top is not just the obvious chart pattern but the low volume , MACD histogram divergence and break in stoch RSI buy signals. Immediate target for a sell-off based on the previous low. Moving beyond that, I believe that BTC is overvalued and overbought - still stuck in an optimistic cycle that is swiftly running out of buy support. Remember that in a bubble it is *always* "different this time".

This chart is only valid within a 1h time frame, it does not apply to the medium or long term trend.
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