Time To Reverse Trend.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1247 6 1
Neck line which is broken considered as Stop loss for Buyers whom buy in higher levels. Active Short Position when the BTCUSD             trying to touch or trying reach this level(800-880). Target around 400-500. GL
*** Updadte**** Target is achieved. Chart is Closed. Thank you.
***UPDATE ON 26-12-2013*****

BTCUSD ,if you see the chart on a wide scale(weekly chart),you can see the uptrend still intact,while the trend were reverse on daily ones. So we can short as we do in previous days where the target was archived. So what after,you can start to place long positions on steps(points). Of course you can ask yourself,why we do that,simply because BTCUSD still intact uptrend on weekly chart where a lot of money(Huge) still there and we can consider the correction on weekly scale what we have past though a few days ago. Ok. So some significant points encourage to start accumulate LONG position right now.Such points are

1- BTCUSD still up trend on weekly chart.

2-on Daily,BTCUSD breakout their down trend line as shown in chart.

3-point of 750-753,if BTCUSD succeed to settle down on such level next two days,it is a strong confirmation ,tell us BTCUSD will return back and RE-TEST level 936. Please keep in your mind both numbers. OK.So if it can stetted above this evel of 936 for 2-3 days,then BTCUSD will retest their peak once again. It's just my view for long investor trader. Be patient and execute your SL. as Shown and placed at the chart.****GL*****
Update***,BTCUSD couldn't settled above Point 986,it is another strong confirmation to Stop Loss or Active Short Position cause simply The Trend has been changed from Up Trend to Down one. Third strong Signal once BTCUSD once again violate down the Neck line at point 837.0 (lower boundary of the channel). Target on the Road. GL.
The only way to go long ,once the Upper resistance(Upper boundary of the channel) is violated in up way with good Volume else Short position is a must here. Discipline is need it here. GL
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