Note, when the indicators are overbought on long term charts it is more likely that a support line is broken... Thus If this rose to $700, a drop to $600 would not be out of the question. Same for this current price range back down thorough 600 support to lower support.
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You can follow my Trading progress at:
docs.google.com...spreadsheet/pub?key=0AieQi...
Join me at Bitfinex:
10% discount on Bitfinex Fees @ www.bitfinex.com/?refcode=Ko...
Twitter account coming soon.