BITCOIN BTCUSD Failed to reach upside targets, sell breaking 607

CHART ORIGINALLY PUBLISHED May 8, 2014 @ 443.39 last forecasting a rally towards 761. It fell shy of that upside target, but now is setting up a signal in the opposite direction.

Sell signal setting up ONLY IF Bitcoin drops under 607. Bitcoin failed to rally to the upside target and therefore implies some weakness in the market. The stop is placed above the previous weekly high at 633.

Tim BTCUSD 624.77 last

(Time @ Mode Methodology)