Rotox

Simple indicator - 200/50SMA - 4hr Chart - WATCH

Short
MTGOX:BTCUSD   Bitcoin / U.S. Dollar
2
There is a possibility of a bounce again from the 680 levels.....but watch this cross as a danger signal. If bounce, short term longs possible at high risk/cost. Keep in consideration for either new highs or lows in near term.

UPDATE 18/12/2013 - We now have a cross and the 200 SMA on the 6hr was destroyed. BTC has now found support at 450 which was a previous low from 20 November with the 200SMA on the 12Hr showing support at 420$. Breach these and we're on our way to the 200s with the 200SMA providing support on the 1D chart at 260$.

I suspect we'll consolidate in the current range for a while first however.

If you can't make money during a bear market, you won't have the will to take profits during a bull market.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.