CRInvestor

1hr BTCUSD MtGox

MTGOX:BTCUSD   Bitcoin
2
After getting stopped at break even on our last Long foray, Mt Gox, has put in another double bottom in price of a 'stupid oversold' condition. While I am leary of 'calling a bottom' there are signs of very good risk to reward ratios at work here and in my opinion there is money to be made on the long side of the market. The question is really, when. So here are our new Crisp fibs. OTE Long ss setup here off recent bottom. Currently at 256.37, stop 220.28,Tgt 1. 374.88, Tgt 2. 1hr OTE short ss 505.61 (and if that fails to hold price) Tgt 3. 4hr OTE short sweet spot 796.89

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