MTGOX:BTCUSD   Bitcoin / U.S. Dollar
105 0 1

Picked the entry perfectly and now hit the first target. If it can't hold this level i'm looking at the 767 level but more likely the 620 level for a 50% retracement as seen in the drop from 900 to 452.


Long term upward channel in blue. You can see the most recent bounce off the inner ascending channel in pink.

Lack of direction within that drawn box.

Any close on a 4 hour chart below $1000 AND outside the blue channel and i would go short

Initial target would be 840
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