MTGOX:BTCUSD Bitcoin / U.S. Dollar
The Square on this chart shows that we are still attempting to go past the 2nd resistance arch. Also I don't normally use the tool like this, but it is interesting how it seems to line up with price movement as well as the Square boundaries. and Williams R% also indicate that we may be are over bought at the moment. However, has been known to stay in this range for a long time before correcting. Additionally with the increased media attention, solid fundamentals, and introduction of new technologies like the ATMs opening up in Canada, I see the price going up. If we push past the resistance at 215-220 we may soon be headed for $260-$300. I opened a long at $195. Lets see if it pays off.