MBitcoin

Higher Low in the Daily Chart. Price is looking towards $155.00

Long
MTGOX:BTCUSD   Bitcoin / U.S. Dollar
0
After seeing the bullish Sandwich in the weekly chart, it seems possible to penetrate major resistance ($148.19) and after that the next target could $155.00.
Having said that, the price still absorbing the whole area and the new pattern in 240 minute chart (break down failure) was the first signal to keep the primary hypothesis in place.
I would love to say that $186 could be the main target which based on my personal opinion it is realistic but, I like to keep the intraday analysis with the intraday possibilties and the core trading analysis for the big guys with the big guns.

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