MaciejTrebacz
Long

It was just YAC (Yet another correction)

MTGOX:BTCUSD   Bitcoin / Dollar
172 1 1
It seems that a massive $300 downmove was just yet another correction, like the one we've seen before. In percentages, it was a 30% correction. A trendline is forming, which, if not broken, could send the price again in 900's territory. If it's broken two closes well below the trendline , the price could dive down to low 700's.
I was of course naive that the price will rebound so quickly, but ultimately it seems that I was right - it was just YAC ;).
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