Shapemaker
Short

Bitcoin situation right after Gox news of BTC withdrawal problem

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
111 0 1
Daily chart actually doesn't paint a nice picture of the current situation. MACD and Fisher have ways to go down yet before we bottom out. WAD-SMA also have crossed the first time after the meteoric rise of november 2013             .

Price also touched 243 EMA ($500-ish) briefly, which it didn't during the last 2 flash crashes. I would be cautious of long positions at the moment.

While many bulls argue this is the perfect time to buy, I will be holding onto my short from $820 for a while yet, looking to go long after this round of dumping is over.
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