JimMakos
Long

Bitcoin going for $1,000+ next week?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
507 2 3
http://goo.gl/doOC6T Here is a risky prediction: Bitcoin breaking above $1,000 next week.

I spot a declining trendline that is getting pierced today with a strong bullish candlestick . If only volume was getting bigger as well.

Still, at this point I would avoid shorting the crypto-currency.

Is it a fake breakout? Will consolidation carry on? Or is it the start of a yet another Bitcoin surge?
the good thing now is: it can only go up, can't it?
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IT's looking good.. and it's looking strong.

People hate to buy back in at a loss... but I feel it is shaping up really well.
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