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Nathanael
Jan 8, 2014 7:59 AM

My short term bearish outlook. Short

Bitcoin / U.S. DollarMt.Gox

Description

If we have indeed started a bearish trend downward, then in about 9-10 hours of sideways movement, I expect I push to the downside to about 800 before correcting back to 900.

If we happen to pop up instead of down, then I have a buy order triggered at 970 as that would suggest we still have some more upside - possibly to the ATH.

But sticking bearish for now
Comments
Nathanael
another update, looking good so far.
Nathanael
Lucky it did not hit my 970 trigger. Still sticking to the original plan, though slightly altered as I did not expect us to move up so high in wave 4. New chart:
Nathanael
really close to triggering my buy order...
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