As promised, here is tonight's Technical BTC Update.
Please donate some BTCs to keep it alive.
1LWgEH6SBFXUr1zYs7QSra9rpL8ktv9mP9
Today is an abbreviated analysis as I am working on a hot bitcoin related project as well..
Overall, the rally is fully intact.
Prices consolidate in a bullish flag on a very high level. The low volume over the past days is actually a bullish sign.
This makes the breakout above 0.30 $ the most likely scenario.
Tonight I am posting a chart from bitcoinmarket as this is very interesting (thanks again to bitcoincharts.com for the great charting tool): You see that we are very close to a new all time high, as prices did not fluctuate as much as on MtGox on this very low volume, insignificant peak at 0.50 $. (Still, MtGox remains the biggest exchange in terms of volume and showing the most variety of fund additions.)
We are only 0.04 $ away from a new all time high there.
http://mtgox.com/blog/wp-content/upl...-daily-BCM.png
Have a great BITday.
Next update Friday, Jan 7th.
Your S3052
Please donate some BTCs to keep it alive.
1LWgEH6SBFXUr1zYs7QSra9rpL8ktv9mP9
Today is an abbreviated analysis as I am working on a hot bitcoin related project as well..
Overall, the rally is fully intact.
Prices consolidate in a bullish flag on a very high level. The low volume over the past days is actually a bullish sign.
This makes the breakout above 0.30 $ the most likely scenario.
Tonight I am posting a chart from bitcoinmarket as this is very interesting (thanks again to bitcoincharts.com for the great charting tool): You see that we are very close to a new all time high, as prices did not fluctuate as much as on MtGox on this very low volume, insignificant peak at 0.50 $. (Still, MtGox remains the biggest exchange in terms of volume and showing the most variety of fund additions.)
We are only 0.04 $ away from a new all time high there.
http://mtgox.com/blog/wp-content/upl...-daily-BCM.png
Have a great BITday.
Next update Friday, Jan 7th.
Your S3052