BTC/USD

Hello everyone. This is my short term scenario for BTC/USD pair. My analysis based on combined trend lines of BTC previous bullish and bearish price movement which i called 'box-trap' in short with take a look BTC/USD charts pattern during Aug-Oct'12.

The bullish scenario can be that BTC will try to break 422xx-435xx resistance area, and then retrace back to 381xx-399xx support area before finally rally up to 492xx-522xx.
The bullish scenario can be that BTC will try to break 422xx-435xx resistance area, and then drop to 337xx- 354xx as 381xx-399xx support area can't hold.

This is not my financial advise, please do your own research before you make your own decision.