Short Term Update: Daily chart at MtGox

This is a daily chart of the last few days since the moderate drop from 12.68$ marked on the chart,  buyers slowly moved back into BTC/USD long positions.

I think that the correction is over and now i computed a new conservative target for october around 13.30$, but  it shouldn’t be impossible to touch the 13.7$-13.8$ price zone.

I expect this market to be supported in the 11$ price zone defined also by the monthly moving average and not only by the consideration i’ve made on the previous update about this price level. Looking the net volume on the monthly chart i think the picture is very  bullish despite the August quick shakeout, i see higher prices, probably 17$-18$  over the next few months.

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