J.Livermore
Long

Landed on a higher range, 2 outcomes ?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
322 3 4
The recent rise drove us to a possible higher range.

Price already tested the black support line around 176 and it seems to be a next support.

According to this I think we can have 2 new possibles ranges with 2 diffrent growing rates.
Channel B is too narrow. Hard to say what will happen. Scenario A presumes that we enter a bubble. Im not convinced of this to turn out true. If we are, we are just at the beginning of it. Its too early to say but certainly a possibility atm.
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