Nathanael

Waiting for confirmation.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
574 1 8
Im currently sitting with fiat until I get some solid confirmation. I like to swing trade, so I stick to the 15 min chart, and you can see by looking at the yellow dotted lines, that we are in a downtrend. We had a pretty solid run up last week, lots of great media hype, and a very bullish attitude. Now that we have hit all time highs, I'm assuming people are going to continue taking profits, and hoping to buy in at a cheaper price (like myself). However, it looks like we have a inverse head and shoulders , so if sell off slows, and we break through the neckline, I expect yet ANOTHER surge in price this upcoming week to the 1300-1400 price range. I won't buy until I get solid confirmation though, as it could go both ways at this point. Good luck all! :D
Seems like it's kind of neither your green suggestion, nor the red... What now?
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