jwalk89
Long

BTC noob chart 10/22/13

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
247 1 0
The white channel depicts steady growth. The patten I have observed is that when we break out of the channel towards the green line, it has been followed by a correction down to the red support line, which has held since the 19th. (This is my noob chart analysis, so take it easy on me.)
That is similar to how regression channels work. Check them out! ;)
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