Short Term Update: MtGox 2h chart

This is a short term view of the last 2 weeks (the distance between two vertical dotted lines is 24 hours), the fibonacci retracement of ~62% at 13.3$ is working, after a brief test few hours ago the BTC/USD bounced to 13.7$, it is important to stay above it and i think the short term trend will reverse today with a new sequence of higher highs and lows. I’ll evalute to close the trade under the 13.3$ support but i remain confident that it will hold.

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2 thoughts on “Short Term Update: MtGox 2h chart

  1. marco

    I dont understand why people sell their bitcoins, difficulty is increasing thus producing bitcoin is becoming a difficult task, it should get more value instead it fall down, dumb investors:)

  2. ken

    Hi Enky,

    Thanks for all these very insightful posts. I check your weblog every day. Come back to IRC some time 😉

    Greetings,

    Ken

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