This is a four hour chart of last two weeks, i’ve drawn the same symmetrical triangle shown in my previous post, recently the usd/btc dropped a bit after a nice sell of 20,000 bitcoins. The lower boundary estimate of my daily range forecast (available on my twitter channel) worked and the price didnt get through 15.60$ support.
For the next 24 hours i’ve the zone at 15-15.20$ as support, but i dont think it is going to do another lower low if the volatility remains as low as the last three days.
The situation at tradehill exchange is not much different, with falling volume activity after the mtgox reopening and price tied to what happens at mtgox.
Last time i closed a short term trade was at 28.80$ and the long term trade at about 16$, not much happened since then and we need a new ignition of fresh capital from new investors to reverse the current stagnant phase.
Bitcoin Trading Ideas, Analysis 
LOL Enky, i appreciated that “someone lost his patience and dumped 250k usd”, but yes could be, i get bored quickly when the market is so flat.
Would a break below 15.20 in the short term constitute a false breakout?
Awesome Work! My friend an I are working on a google app engine app that would present the same data. The plan is just to compile the data and display it using google charts. Would you be interested in helping out? right now I’m working on getting the data, and he is working on displaying the data. We would need someone with your knowledge to make sense of the data.
I totally agree!!! Ill keep on working on the project for another week and give you an update then!
What is the program u use to see/record graphical data from mtgox ?
thanks! 🙂
Again you are right-on with your support levels calls–you”re in the zone (as the atheletes say).