Short Term Update: MtGox

LONG | from an average price of 15.18$/btc with 1 unit (100 btc)

The BTC/USD is now following a discending triangle with the base at 14.50$, the line in the sand. I think that my short term trade is compromised, the odds are for a breakdown once the discending triangle is closed. The first warning was the sell signal from the oscillator at 15.30$ or so. Let’s see how it develop, in the worst case i’ll take a loss of 80$.

Advertisements