A quick chart with two EMA's and my estimated channel.
I think we are seeing the shorter EMA providing support - The yellow line is the current line of resistance I'm seeing as the market moves up. If we break that I estimate we'll then see the pink line forming the next resistance with the yellow forming on-going support.
The market seems to be moving in tandem with Gold and Silver, both of which I am also long on and will publish the charts.
$70 is the very bottom of the current prices - That is expected to form repeated support, although I suspect we will see some consolidation around the $150 - 160 mark unless world events move on.
Depending on what happens in Syria we could see another large, sudden jump in the BTC price taking us over the yellow line.
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TheSleepyTrader
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Apologies for the title :) I did it for a friend then forgot to remove before I pushed the chart.
For reference I've been in Bitcoins since they were about $10 per coin, most recently I bought some more at $85 and I also have a mining operation so I do have a vested interest in the price of BTC.
For reference I've been in Bitcoins since they were about $10 per coin, most recently I bought some more at $85 and I also have a mining operation so I do have a vested interest in the price of BTC.