btctrader99
Long

BTC now on uptrend

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
107 0 0
Downtrend broken, uptrend in place from lows and support at 681.

The trend is most everything, and BTC broke its downtrend from $1200+ and now is moving higher at around $700.. There is a great deal of upside as investors/speculators will see BTC as $500 of its high and want to jump in, further fueling the momentum.

As always use a tight stop if the trend changes, but right now looking smart to be long.
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