This count looks active still, especially with reverse H&S pattern. But I'd stay away from trading in this triangle, as August was always bearish in Bitcoin.

This is clearly an interesting point. If we break $115 for good it can go quite a way over the next days/weeks, summer or not. If we bounce off $115 I still wont turn bearish (we need to break $90 for me to even think about that).

Don't know wether I would go long now if I wasn't already, it seems risky... the fundamentals are sound but not bright, so mood can swing with the controversial news background.

There is a possible explanation for the whales to keep buying: if they buy up to 125, there are 14k plus resistance, lets say 20k total.
At that point we could enter a positive feedback loop, with just 50k BTC available on Gox. If the flow of BTC from outside Gox
is going to be lower than the local depletion, we might see 180 $. Otherwise, the last whale buy didn't make sense to me.

Continue here. Say all good bye to lucif.