MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1295 5 12
***UPDATE*** it check out the chart I posted in the comments we've now gone all the way to touch the 500EMA - something that hasn't happened in exactly two years!
Looking back to the April 2013 rally, we saw the first deep pullback reaching to touch the 100 EMA line, then over months as the bubble corrected more slowly, a final touch of the 300 EMA line signaling the end of the bubble period and a new trend. November saw a similar touch of the 100 EMA at the deepest pullback -- even mirroring the behavior of the first candle fully piercing the line, and the second daily candle touching it precisely.

These parallels would suggest a corrective touch of the 300 EMA is expected, as if the price wants to "touch base" before moving on to a new consolidation period or even rally.
500EMA touch. STRONG signal of trend reversal!
Because it has been working perfectly, Flibber. :)
cant believe u got 3 likes and follows on this and triple the views if mine... you should put me in the credits 4 this chart ;)
(sigh) thank you, flibbr...
flibbr ronfkingswanson
... and... no bounce !
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