Short Term Update: MtGox Daily Chart

chartAgain, i’ve just seen a 2 day break as the one seen last January 24, market dropped less this time about 19%, against a 25% correction of the January drop.

For the moment, i decided to raise my stop profit to 15.00$ and give the market few more days to see if it will rebounce from here, looking the net volume i see just normal corrections of a strong uptrend and i’m not worried.

This week BTC/USD currency pair should stay above 17$ and below the upper end of the price area i defined for this week, 24$-26$

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