PaulWallace

Bitcoin wedge pattern

MTGOX:BTCUSD   Bitcoin / Dollar
295 2 1
Looking for a break to the downside to get long at a good price.
Price seems to be stabilizing around the long term trend line that I have drawn, with 100 limiting the upside for now. I will be waiting for another leg down before I think about buying any bitcoins.
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Finally broke below and retested former support before selling off again. Let's see how price reacts around this more long-term trend line.
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