MTGOX:BTCUSD Bitcoin / U.S. Dollar
It has been a rushed climb from ~290 to 427+. This rise is unsustainable at this point. It has missed its chance at a correction and consolidation and must crash soon. The highest I think it can go is ~435. ~460 at most (drew the Fibo target levels slightly off).
HelloWound yes good place to buy back and go long. This is from wikipedia A fundamental principle of technical analysis is that a market's price reflects all relevant information, so their analysis looks at the history of a security's trading pattern rather than external drivers such as economic, fundamental and news events.