nobulart
Long

Arc & Cups. Possible reversal around 72.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
373 3 5
Seems that we recently broke free of a long arc which started at the beginning of May. If we don't see a reversal near 72, then we could be in for another long tumble.
Depends on where you draw your arc. IMO your arc should not cross the price graph and stay on top of the peaks. That way it is not yet broken and can extent into lower territory. Im not a specialist in this field however, so pls excuse boldness.
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Nice prediction
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nobulart ZacRichards
Thanks Zac :-)
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