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Long on ABCD and gartley

Long
MTGOX:BTCUSD   Bitcoin
0
Bullish ABCD pattern embedded in the also bullish gartley and PA respected both, might be a good sign for BTC recovery after this big drop. On the other hand, BTC might dive even more, all the way to point X @110.2 and gartley pattern will still be valid. But, since the PA dove and retraced with a big wick signifying a support around 78.6 ret. level, high probability to recover to the 61.8 ret. level @542. The targets at this point are @38.2 for T1, resp. @61.8 for T2.

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