BTCUSD update (daily)

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
777 1
Price below 10ma & threatening to break out of the channel to the downside.All Trix are still above mid point but are currently falling and have broken Trix channel.If downside momentum continues look for S1 as near term price target
..... embedded stochastic lines are tight and not rising, look for further downside
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