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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docs.google.com/spreadsheet/pub?key=0AieQiVL6xc-1dHE5anhTSGotYUVIMmR5cERIYU5BOVE&output=html
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You can follow my Trading progress at:
docs.google.com/spreadsheet/pub?key=0AieQiVL6xc-1dHE5anhTSGotYUVIMmR5cERIYU5BOVE&output=html
Join me at Bitfinex:
10% discount on Bitfinex Fees @ bitfinex.com/?refcode=KolfGc8xwO
Twitter account coming soon.
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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.
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.