PhilipClever

BTCUSD Lines in the sand

MTGOX:BTCUSD   Bitcoin / Dollar
72 0 0
Downtrend line still in play as it is still providing strong resistance. Price is compressing between trendline and "ambush zone" 50%-61.8% retrace levels. Breach of trend line would indicate that $800 is on the table. Breach of the 61.8 level would see a retest of recent lows IMO             .
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