We can see on the graph the support dotted line in purple and the blue dotted line is the resistance. This graph illustrates a BTC surge soon, with either the double bottom or triple bottom technical analysis patterns. The candles are bouncing around these 2 lines, but it is only a matter of time until we see the breakthrough illustrated with the shaded yellow area, and the incline displayed with the black dotted lines and the arrows. Take this advice at your own risk, as I am not held responsible for your actions and gains/losses. Have fun trading and lets watch BTC rise!
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With BTCP (bitcoin private) which has just launched on tradesatoshi, we will likely see an increase of volume in BTC. This means a likely increase in BTC. Go and check out BTCP too, as I believe it has huge potential. Its 68$ now and would not be surprised if it surpasses 500$. Get in quick. Have fun and keep trading!