DrewR

Ascending Triangle Formation

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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It appears that an ascending triangle formation is taking place. If you're in, probably best to hold BTC , however if you're not in then you might be able to catch a lower price before it breaks out closer to the apex. As always, I try not to state "short" or "long" because I am in neither position very long.
Also, a suggestion by @ItsAllAboutSharing is to hit the bottom most point to tighten up the triangle; doing so still coincides with current trend.
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DrewR DrewR
I mean @ItsAboutSharing :)
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