The weekly moving average is pointing upward again after the huge sell-off from 15$ to 8$, the BTC/USD reacted quickly to the moving average itself and now i think bitcoin will initiate a sideways move around 10$
I’m skeptic about a big correction because the buyers are still dominant compared to the sellers during this strong uptrend and one big investor can’t control the market on a temporal scale, it’s much more difficult to consistently manipulate a market on a time basis therefore i’m not much worried for the presence of this big player at MtGox, the only damage he can do is to add volatility that might deteriorate investor sentiment.
More info in the attached image (click to enlarge), see you at the next update.
Bitcoin Trading Ideas, Analysis 
Hi Enky, happy to see this pretty blog up and alive!
Weekly moving average still pointing up? what does this mean? That bitcoin will stay at 11$?
Just curious, when do you approximate that it will reach around the $7 range?
Hi, i discovered your blog recently, good job i like your style and very impressive work! 🙂
Do you still use the Joe Ross theory when deciding to open a trade or not? i ask this because the author is well educated on the various techniques and theories of trading and so i consider him valid.
Thanks