For some reason BTCUSD in MtGox is frozen on the Trading View website, so no update to my bear versus bull forks. Not much to see there anyway to be honest, we appear to be in limbo, caught in no mans land, under the bull fork and above the bear fork, meandering aimless in the fog looking for direction… and stuff.
Which has prompted me to look at the chinese market, which I probably should be paying more attention to anyway. As discussed in comments recently (pointed out by Andrew), volume on Bitcoin China is much higher than MtGox. Happily the chinese market data is available on Trading View these days and not frozen in time like the MtGox one is.
So I’ve been playing around with a few ideas on this chinese market data and found this quite interesting fit on a bearish fork. Here’s the chart with 4 hour candles.
Not sure if I should read too much into this or not, but if China is leading the market just now, seems possible we are being lead down this bearish trend. Its something to keep an eye on at least.