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Topic: Resistance approaching - page 2. (Read 3009 times)

sr. member
Activity: 315
Merit: 255
March 28, 2013, 05:02:58 AM
#13
Cyprus banks open in 1 hour
legendary
Activity: 2101
Merit: 1061
March 28, 2013, 04:59:44 AM
#12
Unbelievable! It's breaking out to the upside  Shocked

$95 on Mt Gox now, need to stop people buying they're spoiling my lovely trend lines
sr. member
Activity: 374
Merit: 250
Tune in to Neocash Radio
March 27, 2013, 11:07:32 PM
#11
It already broke 10500 trends, including log scale ones.

It's over 9000   Shocked
sr. member
Activity: 462
Merit: 250
Clown prophet
March 27, 2013, 10:47:22 PM
#10
It already broke 10500 trends, including log scale ones.
full member
Activity: 179
Merit: 100
March 27, 2013, 08:11:18 PM
#9
So, if I go to buy a good quantity of bitcoins right now, is there going to be, like, a message that pops up that says, "This order will break the trend line on some charts, please reduce your order or sell all your coins?"

Wouldnt that be nice Smiley
legendary
Activity: 896
Merit: 1001
March 27, 2013, 07:55:03 PM
#8
So, if I go to buy a good quantity of bitcoins right now, is there going to be, like, a message that pops up that says, "This order will break the trend line on some charts, please reduce your order or sell all your coins?"
legendary
Activity: 1036
Merit: 1000
March 27, 2013, 07:34:08 PM
#7
I'm partial to this type of exponential channel analysis.

What I take from this is not to be surprised if we pull back for a while, especially if there is no new news. This is somewhat counteracted by the tremendous bid-ask spread on MtGox, though. All in all, anything could happen, but dropping below the bottom support channel - unless due to bad news - seems least likely just because of all the people nervously standing on the sidelines, biding their time for a chance to buy just a bit lower, wondering when the hell it's going to dip.

My best guess is that we'll slosh around near the top of the channel and perhaps break out, especially if there's good news. (However, if we do break out we may be in for a rapid reversion to inside the channel shortly after, barring a sustained stream of positive news.)
legendary
Activity: 2101
Merit: 1061
March 27, 2013, 07:09:54 PM
#6
Or... we break out Grin

I like your thinking!!
hero member
Activity: 532
Merit: 500
March 27, 2013, 06:59:10 PM
#5
Weren't we saying the same thing when it was in the high 60's-low 70's?

I'm still quite bullish at least for the next two weeks.Due to Coinlabs,Cyprus banks re-opening and EU-wide worries concerning bank account seizures of some sort and the fact Bitcoin has been getting some press.As we speak just hit a new 89.50 high on the gox,lol.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
March 27, 2013, 06:53:54 PM
#4
New daily high....
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
March 27, 2013, 06:52:21 PM
#3
it is just a line....Bitcoin > trend line on a graph.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
March 27, 2013, 06:51:03 PM
#2


...  it looks like we’ll probably meet resistance at the top of the channel.

If the price drops we may find support at $75 ish where the middle of the channel is or somewhere just above $60 if we fall to the bottom of the channel. Perhaps we’ll just flatten out at $90 for a few days.

Or... we break out Grin
legendary
Activity: 2101
Merit: 1061
March 27, 2013, 06:48:22 PM
#1


...  it looks like we’ll probably meet resistance at the top of the channel.

If the price drops we may find support at $75 ish where the middle of the channel is or somewhere just above $60 if we fall to the bottom of the channel. Perhaps we’ll just flatten out at $90 for a few days.
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