DrewR

Rising Wedge Forming

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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Appears that a rising wedge is forming. If we breakout downwards, the price target ranges from $182 to $193; depending on if it comes soon or closer to the apex (1.5 days or so from now).

If you like to stay on the edge and believe that the price will continue to move towards the apex, money can still be made. Additionally, bitcoin doesn't always follow the most obvious trading patterns and at times can take on a life of its own.
So now it looks like we have broken the wedge with sideways movement.
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good chart...
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DrewR JimFred
Thank you Sir.
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