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.

I think it will go down to $1 or less...
ReplyDeleteWill we close above 3.15 today? Is it good if we do? How we know we will? Is it for sure that if we close higher than price will jump? Thank for answers..
ReplyDeleteWill we close above $3.15 today? I think there's a greater than 50% chance. We'll know if it has happened at 0000 GMT. Closing higher four days in a row, especially if the volume keeps increasing, as it has been, will almost certainly indicate future price increases in the near term.
ReplyDelete