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Title: Channel breached Post by: afbitcoins on April 03, 2013, 12:56:34 PM http://afbitcoins.files.wordpress.com/2013/04/20130403-1-month-log-chart.png?w=650
This channel which has held since about $50 has been breached to the upside. Hard to imagine that this current push even higher upwards can be sustained without a pullback soon. (edit) Since I did the chart the price has pulled back and stabalised a little. Will the top of the channel now be resistance? Perhaps we’ll fall back into the channel? Might be a time to lock in a few profits if you feel like selling some bitcoins. Title: Re: Channel breached Post by: BitcoinTate on April 03, 2013, 01:01:29 PM http://afbitcoins.files.wordpress.com/2013/04/20130403-1-month-log-chart.png?w=650 You cant chart what is happening right now to BTC. There has been such a massive amount of attention world wide that it would only take $10 million dollars entering BTC right now to push the price to $400. This is a once in a lifetime picture. Wide spread adoption is coming much sooner than anyone anticipated.This channel which has held since about $50 has been breached to the upside. Hard to imagine that this current push even higher upwards can be sustained without a pullback soon. (edit) Since I did the chart the price has pulled back and stabalised a little. Will the top of the channel now be resistance? Perhaps we’ll fall back into the channel? Might be a time to lock in a few profits if you feel like selling some bitcoins. Title: Re: Channel breached Post by: thefiniteidea on April 03, 2013, 01:01:47 PM We're going to $200 before a significant correction of 30% and back up again.
Hold on to your eyeballs. :o Title: Re: Channel breached Post by: BitcoinTate on April 03, 2013, 01:02:55 PM We're going to $200 before a significant correction of 30% and back up again. Shit we could hit $1,000 by next month.Hold on to your eyeballs. :o Title: Re: Channel breached Post by: Rygon on April 03, 2013, 01:12:43 PM We're going to $200 before a significant correction of 30% and back up again. Shit we could hit $1,000 by next month.Hold on to your eyeballs. :o Since the start of the year, we have been up about 18% on average every week. If that rate continues on a weekly basis, we'll be over $70K by the end of the year, lol! Title: Re: Channel breached Post by: BitcoinTate on April 03, 2013, 01:14:06 PM We're going to $200 before a significant correction of 30% and back up again. Shit we could hit $1,000 by next month.Hold on to your eyeballs. :o Since the start of the year, we have been up about 18% on average every week. If that rate continues on a weekly basis, we'll be over $70K by the end of the year, lol! Title: Re: Channel breached Post by: mccorvic on April 03, 2013, 01:14:17 PM We're going to $200 before a significant correction of 30% and back up again. Shit we could hit $1,000 by next month.Hold on to your eyeballs. :o Since the start of the year, we have been up about 18% on average every week. If that rate continues on a weekly basis, we'll be over $70K by the end of the year, lol! In before someone posts that XKCD comic. Title: Re: Channel breached Post by: oOoOo on April 03, 2013, 01:58:51 PM Title: Re: Channel breached Post by: thefiniteidea on April 03, 2013, 02:20:15 PM You know what's ironic about that comic? It actually works for Bitcoin. ;D Title: Re: Channel breached Post by: bitcon on April 03, 2013, 02:26:46 PM You know what's ironic about that comic? It actually works for Bitcoin. ;D bitcoin is a polygamist! |
