julius.tilvikas
Long

Triangle confirmed

MTGOX:BTCUSD   Bitcoin / Dollar
89 0 0
Recent triangle was confirmed, as the resistance at 750 level was broken with relatively high volume . Price was pulled back, but never felt below 700 level - previous resistance became the support. This also is confirmed with broken downtrend and increasing MACD (not shown, but checked at other charting site).

Of course it's a long road ahead - ~930 resistance is near target, next stop ~1050. Then... who knows. If price pulls back, and breaks 600 level, then we're in longer correction then expected. If trading long-term, this should be a opportunity to shop for BTC             , while short term speculators will have to deal with loss.
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