AlonG

Very short term SHORT, Mediom short term LONG

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
162 1 1
Unclear weather this up trend is the the bottom reached or just another correction on the way down to the 30-50's, at any case it looks like it's heading towards a decisive moment meeting a couple of months old resistance line somewhere around 95. from there it's anyone's guess, my tendency is drawing this question mark in red.
Good chart, and good analysis. I am inclined to agree with you on every point you've made. A close over 95 (daily chart) would lead me to reluctantly believe the low was in. But until then, I think there is another leg down coming.
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