Bitcoin_Altcoin

Short term Gann begining 9/6

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MTGOX:BTCUSD   Bitcoin
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As you can see we are currently trying to break through the 3rd line and 4th arch. You can also see a double top at the 4th line (150), this could be a bearish indicator. However, the 14/21 DEMAs have historicaly been a better indicator of price than other "traditional." Those are still bullish, and thus, so I am.

*update - As I was typing this a whale came and pushed the price to 145 for the third time in the past 24 hours...

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