Latest moves

Heres a couple of updated charts showing latest price moves compared to the trend lines I’ve been monitoring. This first chart shows the MtGox price over last couple of months compared to the bullish channel I’ve followed for a while now.

Bottom trend line was added at Silk Road bottom but doesn’t really line up to anything else. The price has broken up through the first resistance. Will there now be resistance at the bottom of the channel the price was previously in? I suspect there will be but who knows? Silk road bust has shook things up.

Next chart shows a slightly different channel which I’m also now paying attention to which looks particularly bullish. Again sticking with MtGox for now, heres a chart dating back until March.

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