BTC TA suggesting a possible bottom of $250-$280

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Looking at channels we see a possible bottom of 250-280. i'm currently short. i will take profit around 280-305 to be safe. i recommend to lower stops down as price falls for safety.
You could also draw it like this:

ChartArt ChartArt
As you can see my version is based on the 2.22 low and 15.00 high in the year 2012 on Bitstamp.
+1 Reply
ChartArt ChartArt
Sorry, I mean the year 2011, not 2012.
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