Based on my observations, we should have a major move either up or down soon (a little break from all this sideways) and so an opportunity for a great trade.
Here are my pics. The blue arrows show the two points out of which I draw the trend lines, the red arrows simply show crucial points in the graph being touched by the trend lines.
The majority of trend lines were drawn in a logarithmic scale, aside from the curvilinear one as you can see (that trend line worked better if drawn in a linear scale).
So, this is the first trend line:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Foi60.tinypic.com%2Fz3fv5.jpg&t=663&c=b6DQOyZtxsPOow)
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Foi58.tinypic.com%2Fjj75p0.jpg&t=663&c=fAHgbVXRLBaxig)
This is the second one:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Foi62.tinypic.com%2Fmkxeg4.jpg&t=663&c=lVYSSpFhSlKkpQ)
This is the upper trend line, drawn using these three chuncks of points here:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Foi61.tinypic.com%2F208xym8.jpg&t=663&c=h-RSHvE-hToU0w)
Interestingly, this upper trend line magically touches this important point in the graph:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Foi62.tinypic.com%2Fqy8nxc.jpg&t=663&c=R86xNcG0A0TAVA)
Finally, the two lower trend lines converge almost at the exact point were the upper trend line is supposed to close the big triangle.
This seems like a crucial breakout point.
Note that this convergence of two different important trend lines occurred when we saw the $340 bottom.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Foi60.tinypic.com%2Fi4fr6u.jpg&t=663&c=rKeIbgrsOeBpvw)
An interesting breakout or breakdown point, you could buy or sell depending on what happens right after we exit the triangle shown in the pictures
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)