Interesting divergence between BTC-e and BTCchina this morning.
Bitcoin trading has far greater volume in the China market than on the US BTC-e markets. More trades and greater value in bitcoins traded.
The 30 minute charts show US prices have broken below the lowest support areas, were the China markets have not yet broken below.
While the downtrend looks like it will continue, it is not clear to me which market is leading the price. This short bitcoin price review channel assumes that the bitcoin charts will show changes in prices before the news gets out – a basic assumption of technical analysis trading via price chart patterns.