Mt Gox BTC Rates 14.3 HIGH! | Bitcointalksearch.org

TraderTimm

legendary

Activity: 2408

Merit: 1121

Might as well update my chartology-outlook-eyeballin' forecast.

With the recent rise to nearly 18, the only historical reference I have is the breakout from the 4 are to 8 from mid-may. If we apply this to the breakout from 10, you *could* say that the eventual high may be 20, before consolidating around the 15 area. Guess we'll see. Certainly makes for an exciting weekend

Bazil

full member

Activity: 126

Merit: 100

yeah this is ridicules, but I'm not complaining.

chris200x9

legendary

Activity: 1316

Merit: 1011

over $17 now!

innervisi0nn

member

Activity: 98

Merit: 10

Tutorials, guidelines, optimizations for all!

Quote from: TraderTimm on June 03, 2011, 04:00:46 PM

I may be a newbie here, but not to trading. From what I can see on the Mt. Gox charts, it looks like it could consolidate around the 11 - 12 level after a small selloff and still maintain the trend. When plotted on a logarithmic chart, it really has a solid uptrend on a good angle. This is important, because typically exponential 'blowoffs' adhere to a much different pattern, which is more akin to 'bubbles' and 'manias'. I consider bitcoin neither, and will continue to buy outright.

Well said.

TraderTimm

legendary

Activity: 2408

Merit: 1121

I may be a newbie here, but not to trading. From what I can see on the Mt. Gox charts, it looks like it could consolidate around the 11 - 12 level after a small selloff and still maintain the trend. When plotted on a logarithmic chart, it really has a solid uptrend on a good angle. This is important, because typically exponential 'blowoffs' adhere to a much different pattern, which is more akin to 'bubbles' and 'manias'. I consider bitcoin neither, and will continue to buy outright.

Dude65535

full member

Activity: 126

Merit: 101

There have been big drops in the past and regular dips over weekends when money stops flowing into peoples trading accounts.

the_viper

member

Activity: 315

Merit: 10

Do the prices fluctuate much as from what i read it seems to be only upwards?
Think I'm going to have to jump on board and buy some as It's taking em a while to workout the best mining method

innervisi0nn

member

Activity: 98

Merit: 10

Tutorials, guidelines, optimizations for all!

Quote from: Dobrodav on June 03, 2011, 12:06:23 PM

Well - there is will be drop off in weekend. Do not loose opportunity. Wink

I expect prices to go up on 6/6/11 as well after the drop-off.
Well see what happens!

Dobrodav

sr. member

Activity: 350

Merit: 250

Well - there is will be drop off in weekend. Do not loose opportunity. Wink

innervisi0nn

member

Activity: 98

Merit: 10

Tutorials, guidelines, optimizations for all!

I shat my pants this morning when I saw Mt Gox @ 14.3.

Nice little spike eh?

Topic: Mt Gox BTC Rates 14.3 HIGH! (Read 2704 times)