Looking at the bottom of the chart you can see that the trend of lower lows has reversed and we now have a slightly increasing bottom. I was really watching to see if the Sept 17 lows 6255 would hold above the Sept 09 lows of 6175 which up to this point they have. Now its a matter of weather BTC can break past the 1st and 2nd level of resistance. If BTC does than that 7400 mark would be a huge positive sign on the road to ultimately hitting that elusive 8400 level.
Nota
Continuing from this chart we are now at BTC 6700. That would mean we are now at my 2nd resistance line. I think we should expect some turbulance for a little while probably until Monday or so. The momentum has shifted to a positive upswing. If BTC can pass the 2nd resistance it should have no trouble getting to my important resistance line. We shall see....
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