BTCE:BTCUSD Bitcoin / Dollar
The following seems to be a good downward guide for price. The numerous ellipses highlight where price reacted to the parallels of the and the therefore has a high level of validity. Maintain short positions while price remains inside the with an initial target at the of the . If very strong downward action develops we may dip all the way down to the lower parallel. A sustained break above the would put the case into question and may be a good indicator to lighten up on shorts.