IvanLabrie
Long

Two possible bullish scenarios

BTCE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin's free fall below the 600 area has been pretty intense, but the selloff's reaching exhaustion.
We're trading inside a channel, with clearly defined areas of brief consolidation over time, which act as support and resistance levels.

I'm fairly confident that if Bitcoin manages to climb over 550-580 it can hit 754 by the end of the month.
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Channel is holding on pretty well...Waiting to go long anytime now.
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update: we're close to invalidating this run or at least delaying it. we might revisit the 450 area if we fail to support 480. interesting harmonic area, definitely getting ready for a big move once we start ranging below 510.

I'm holding btc and playing margin. if I were an investor I'd be in USD.
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