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Topic: A break-out? - page 5. (Read 4588 times)

hero member
Activity: 602
Merit: 500
May 30, 2014, 07:49:45 AM
#4
The breakout occured at $460.
correct
legendary
Activity: 1176
Merit: 1010
Borsche
May 30, 2014, 07:45:27 AM
#3
We are still being lead from China.

What but they banned bitcoin five times! How that could be, definitely bearish since that means it's a trick and nobody's really buying anything right? Smiley

I'm just enjoying how simple it is to ride bitcoin bull. Most probably would go well above 700 before a correction to 600-ish again. We still have time, will be an enjoyable summer. Thanks bitcoin.
hero member
Activity: 728
Merit: 500
May 30, 2014, 07:45:03 AM
#2
The breakout occured at $460.
hero member
Activity: 840
Merit: 1000
May 30, 2014, 07:32:39 AM
#1
That looks like a break-out from the leading diagonal wedge that seemed to be forming from the $340 bottom.

Strong volume, although it still needs to confirm itself.

I have bought in at $600, but am ready to bail back out should the break out fail and simply result in the final high of the leg up from $460 as posters such as ibankbitcoins suggests.

Important to note before the denialists start trying to deny it, is that Huobi was once again, ahead of Bitstamp on this break out (2 mins ahead). We are still being lead from China.
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