BryceWH
Short

PENDING SHORT BTC **UPDATED** - NOW ACTIVE !

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
104 0 1
**Update**

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.

(/Update)

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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