The Gann Square
on this chart shows that we are still attempting to go past the 2nd resistance arch. Also I don't normally use the Fibonacci retracement
tool like this, but it is interesting how it seems to line up with price movement as well as the Gann Square
boundaries. Stock RSI
and Williams R% also indicate that we may be are over bought at the moment. However, Bitcoin
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 BTC
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.