PhilipClever
Long

BTCUSD Consolidation

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
45 0 0
WE consolidated through the lesser upper trend line and are between fib "ambush zones". I view this consolidation as bullish , technically speaking. However news driven events seems to be dictating major moves, which can then be traded technically. Sans negative news... I think we drift into the main upper trend line , sell off a little then breakthrough. $850 is still target with stop below 576.
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