ovidiucs

Resistance at around 650

Short
MTGOX:BTCUSD   Bitcoin
6
Fairly strong resistance there as can be seen on the 4 hour chart. Further resistance is based only on Fibonacci levels so next resistance could be in the 68X area.
MACD crossing could indicate a slight upwards move.
Direction of the overall trend is still down unless lower 800's are broken and confirmed.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.