Speed

I Want To Believe

Long
MTGOX:BTCUSD   Bitcoin
1
I think the recent 86.20 low marked the end of the black trend line which began at the recent monthly low. As you can see though, it seems to live yet though as the 1/2 Gann fan line from the recent 86.20 low point. Now, the 1/1 Gann fan trend line looks to offer support as we head over a few thin spots in the 4 and 12hr Ichimoku Clouds. If we can reach the 24hr cloud on the other side, I'm expecting to break up and out with the under-lying support of Gann and the 4and 12hr clouds.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.