Bullish Breakout Sort of Confirmed

Technically, we have now had four up days in a row, however, today's trading was extremely light and basically flat. We still need some high volume movement to the upside to definitely confirm a bullish trend. It is currently just past 0900 in the morning in Japan; it's possible that money that was deposited on Friday will go into Bitcoin over the next couple of hours. It wouldn't be the first time that has happened. Stay tuned!

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Bullish Breakout Could be Confirmed Tomorrow

Here's an interesting fact: there have not been four consecutive positive candlesticks on the daily Mt.Gox chart since the period from the 1st to the 4th of June, which precipitated the rise to $32, four days later.

If we close above $2.72 today, which seems pretty likely, and higher tomorrow than today's close, we will once again have four consecutive positive candlesticks. Note that we have had three consecutive on multiple occasions, but only made four in a row before the huge pop to $32.

UPDATE: Three green closes in a row. We'll need to close above $3.15 tomorrow to get four in a row.

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Most Bullish Move in Bitcoin Since the Bitcoin Conference on August 19th

Keeping a close eye on this one. Buying volume is huge. Haven't seen a move like this in two months.

UPDATE: Well, that was short-lived. Seems like these rally half-lives are getting shorter each time.

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