4hr Update $BTCUSD #btc #btcusd #bitcoin @btcecom @mtgox

Update to 4HR BTCUSD (Btce) and BTCUSD (MtGOX). MtGox just hit $100 which is its 2013 volume price level. If there ever was a price to speculate on an asset trading %500 higher around the world I think that was it.

The fact that Gox price is hitting 100 with btce price tagging the longterm trend line looks like a great speculative long, not to mention sentiment is in the trash.

Long at 549-551 stops on break of the low thru 500-495. Looking for a retrace to 685-706 area. If stop level gets taken out watch out could see $ 300 if we get thru.