W.D._Goon
Long

Possible upmove

BITFINEX:BTCUSD   Bitcoin / Dollar
337 is an important level to break at the moment, from the beginning of this channel it has been a strong swing level. If it breaks it could test the downtrend line around 400.
Good analysis. There is a MAJOR very important Fibonacci retracement around $338 for the entire year 2014. I haven't published that chart yet, but as soon as we break above $340 I will do it.
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W.D._Goon ChartArt
Thanks. Yes, It almost hit 338 but stopped pretty quickly, was a nice short term play. A x20 long made for about 40%.
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