Bump & Run

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
~30 angle on the yellow line & ~45 coupled with volume expansion on the purple line, AKA the bump. Correction to speculative excess is due. Observe 920 for support.

I expect further bad news from China (excluding the personal account at Huobi) either this month or the next. In addition, look out for the impact of merchants acting as liquidity players coupled with a discussion at some point regarding the volatility of BTC as a concern for payment processing.