JimFred

At the top of the channel again.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
233 0 1
The market is back at the top of the channel. The last time it was here I published the belief that the market was going to fall, and fall hard. The next day the SR debacle occurred.
(Some feel that was just a coincidence...)

Now, I am not so sure. I did not expect the market would get back to this trend line . But it did.

There are lots of indications that this market wants to go higher. In any case, imho, this line is a clear signal either way. If we get a close above this line, I am going long.
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