Spekulatius

Oh oh, How could we not see this WEDGE?

MTGOX:BTCUSD   Bitcoin / Dollar
404 2 3
Oh oh, how could we not see this giant WEDGE?

We may be in for a thorough correction exploring the strength of that 100$ resistance once more, if this bearish wedge breakes down.
This forecast is neutral, because things are not as clear cut as this pattern would make you think:

1: The SR crash recovered very rapidly (although on low volume )
2: We had a break through of the 150$ recently (that could still proof a fake break out)
3: Strong Chinese buying going on

Also as someone pointed out, the same graph with Bitstamp data looks slightly more bullish , add to that BTChina and at least we have normalized volume . The wedge remains a bearish scenario nevertheless.

So just keep this in mind so it doesnt hit you out of the blue when it happens, if it happens;)
:P
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bear poooowweeer! :-)
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