Kautilya

Diamond Break - Depends on direction of breakout now.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
105 2 0
Potential Diamond? The breakout to up or down will determine the next move.
If it breaks downward, we should see price going back to mid 500s. so far the fib levels on downside are well respected.
Upward room will give some breather but then its BTC .. having its own path..
i hope this does not form a symmetrical triangle.. running up and down between 592 and 466 and then break below it .. if it does, then it will be continuation of downward.. going further to 281.
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https://www.tradingview.com/e/D6K6weJL/
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