I guess the break out through $5.20 up was due to the first leaked news about Bitcoinica becoming registered finance service.
Link?
Edit: Nevermind.
Topic: major breakout imminent! (Read 9216 times)
Link?
Edit: Nevermind.
new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.
$5.2 was broken quicker than expected. And judging from the relatively few asks at $5.5 (~8k BTC at time of this posting), it may not be long before Mr. M pushes it over $5.5 too.
BitcoinBull,
it was very expected that prices break 5.2 $ fast, which is what we shared in our newsletter Thursday night to subscribers.
I suppose you were right. A quick break of $5.2 was to be expected after breaking $5.1. Now I'm wondering, how long can it be expected to hang below $5.5 before either making the big upward break or reverting to the more comfortable channel ($4.5-$5)?
Since we're tooting our horns, on April 11 I highlighted the upward trend starting at $4.3. Based on that trend, I'm guessing price will rest comfortably above $5, and form an ascending triangle toward $5.5 over the next 7-10 days before breaking out.
I guess the break out through $5.20 up was due to the first leaked news about Bitcoinica becoming registered finance service.
new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.
$5.2 was broken quicker than expected. And judging from the relatively few asks at $5.5 (~8k BTC at time of this posting), it may not be long before Mr. M pushes it over $5.5 too.
BitcoinBull,
it was very expected that prices break 5.2 $ fast, which is what we shared in our newsletter Thursday night to subscribers.
Shorting is risky, even now. I thought it would go down again at 5.15. So you think this rally is only because of the 20th of April effect? How could people know it would go up further after it looked like <5.10 again last night? They couldn't. They would have sold already. Also, the weekend effect didn't seem to stop the demand this time. So...we will see. I'm holding.
a breakout was the most likely outcome from a technical analyst's point of view, so you really can't say that people did not expect it to go up. The April 20 effect had nothing to do with today's action; it was all in the charts if you know how to read them
new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.
$5.2 was broken quicker than expected. And judging from the relatively few asks at $5.5 (~8k BTC at time of this posting), it may not be long before Mr. M pushes it over $5.5 too.
Shorting is risky, even now. I thought it would go down again at 5.15. So you think this rally is only because of the 20th of April effect? How could people know it would go up further after it looked like <5.10 again last night? They couldn't. They would have sold already. Also, the weekend effect didn't seem to stop the demand this time. So...we will see. I'm holding.
I dont have time to post a chart but...
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Here comes the boom! $5.17 now
Sorry I was a day late guys. My bad
I'm counting roughly 30k. Suspiciously good call. (/adds SkRRJyTC to suspect list)
wtfwtfwtf I go to a party and when I come back the price 5.30 with a high 4.45 or so? WTF!!!
dont worry sell more coins its going right back down
Ha, this time I'm a bit more careful. Not like that guy who sold out all his coins at $5.11. It's only for you guys to pick up... What am I gonna sell when it's up to $32???! Hmmm. Open bitcoinica....look at balance....contemplate and open another beer.
ya, we are over due for a drop... better go 10 to 1 I'm pretty sure this is as high is its going to get
I dont have time to post a chart but...
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Here comes the boom! $5.17 now
Sorry I was a day late guys. My bad
I'm counting roughly 30k. Suspiciously good call. (/adds SkRRJyTC to suspect list)
wtfwtfwtf I go to a party and when I come back the price 5.30 with a high 4.45 or so? WTF!!!
dont worry sell more coins its going right back down
Ha, this time I'm a bit more careful. Not like that guy who sold out all his coins at $5.11. It's only for you guys to pick up... What am I gonna sell when it's up to $32???! Hmmm. Open bitcoinica....look at balance....contemplate and open another beer.
I dont have time to post a chart but...
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Here comes the boom! $5.17 now
Sorry I was a day late guys. My bad
I'm counting roughly 30k. Suspiciously good call. (/adds SkRRJyTC to suspect list)
wtfwtfwtf I go to a party and when I come back the price 5.30 with a high 4.45 or so? WTF!!!
dont worry sell more coins its going right back down
I dont have time to post a chart but...
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Here comes the boom! $5.17 now
Sorry I was a day late guys. My bad
I'm counting roughly 30k. Suspiciously good call. (/adds SkRRJyTC to suspect list)
wtfwtfwtf I go to a party and when I come back the price 5.30 with a high 4.45 or so? WTF!!!
I dont have time to post a chart but...
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Here comes the boom! $5.17 now
Sorry I was a day late guys. My bad
I'm counting roughly 30k. Suspiciously good call. (/adds SkRRJyTC to suspect list)
I dont have time to post a chart but...
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Im expecting at least 40,000 Bitcoins bought in the next few hours. Ill be buying some of them myself when we push against the $5.20 wall again.
Rally Time
Edit: How many rally threads can we fit on the front page?
Here comes the boom! $5.17 now
Sorry I was a day late guys. My bad
really? id say this is a very bad moment to go short. the 22k coins from 5.2 are gone now. i expect a short squeeze/rally
Looks like somebody is going short on bitcoinica right now.
back on track with a reference to the OP:
and some charts:
as is apparent and was predicted by the OP, we now see inflections in both of the aforementioned indicators. due to the insanely stable price these past few months, we should expect, statistically, large price movement hereafter, and the recent bullish movement suggests that the previously trendless market has chosen a direction.
new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.
again, for anyone interested in a subscription-type service, i'd be happy to provide if there is interest and am willing to beat the prices of the three that are already running.
-- ADX is around a 3-month low
-- Bollinger Width at a 3-month low
-- Bollinger Width at a 3-month low
and some charts:
as is apparent and was predicted by the OP, we now see inflections in both of the aforementioned indicators. due to the insanely stable price these past few months, we should expect, statistically, large price movement hereafter, and the recent bullish movement suggests that the previously trendless market has chosen a direction.
new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.
again, for anyone interested in a subscription-type service, i'd be happy to provide if there is interest and am willing to beat the prices of the three that are already running.
i didn't insult others' intelligences. i teased about how in the past people have mocked my own for the predictions i've made. don't put me in the same boat.
I didn't put you in the same boat, just pointed out that neither of us walk on water... but meh, I'll just tell you what you want to hear so you'll shut up and the thread can move on.
You're better than me.
this isn't about who's better at all
but i agree the thread ought to move on.
i didn't insult others' intelligences. i teased about how in the past people have mocked my own for the predictions i've made. don't put me in the same boat.
I didn't put you in the same boat, just pointed out that neither of us walk on water... but meh, I'll just tell you what you want to hear so you'll shut up and the thread can move on.
You're better than me.
i didn't insult others' intelligences. i teased about how in the past people have mocked my own for the predictions i've made. don't put me in the same boat.
No... anyone who was blindsided by that needs to learn to trade.
your arrogance is unbecoming of a trader.
Ok... if you missed it you need to zoom out and quit looking at only the 5 day chart. Is that better?
i didn't miss anything. i'm the OP. the charts i posted are 3-month scale. anything else? just because you didn't miss it doesn't make you better than anyone else, it just makes you more money. all i meant is that your comment made you out as a prick.
Well, it was in response to this post of yours where you brag about your "predictions":
so is this the day when you guys finally start listening to arepo when he makes predictions about the market?
if there are any bears left, i strongly advise you to abandon ship before the waves go HIGHER
so I guess neither of us are saints. if there are any bears left, i strongly advise you to abandon ship before the waves go HIGHER
Jump to: