genbtc

Bear Channel down from 6/22

MTGOX:BTCUSD   Bitcoin / Dollar
126 1 0
Was it invalidated by the chaotic dropoff below it on 7/3 ? will we break above it in the coming hours? Not sure.
Nope! Not invalidated.... What you would do is add another line to the channel at 200% or -100% depending on where your base line is (should be the top in a downtrend). Nice chart!
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