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Title: If a double ramp happens, we could see $8 tomorrow. Post by: ineededausername on February 02, 2012, 01:25:09 AM This statement is an observation of what could happen. I am not predicting $8, but I'm saying that it's possible.
The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level. Intraday rallies in Bitcoin history: $3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance. $4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance. $4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance. Next up? $5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2. Such a large move has happened before. It is possible. Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: PatrickHarnett on February 02, 2012, 01:30:23 AM Quick - I'll sell you some at 7.20 so you can make a killing at 8.
Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: antares on February 02, 2012, 02:00:47 AM will do 7.19
Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: Jonathan Ryan Owens on February 02, 2012, 02:01:56 AM 6.03
5.85 6.30 6.80 6.65 Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: Crypt_Current on February 02, 2012, 02:12:09 AM Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: ineededausername on February 02, 2012, 02:15:26 AM 6.03 5.85 6.30 6.80 6.65 The famous JRO 5-price prediction is back! Last time, he predicted an entire two weeks of prices, perfectly. :) Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: cypherdoc on February 02, 2012, 02:37:57 AM highly plausible.
Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: Cluster2k on February 02, 2012, 02:56:20 AM The sudden surge to $6.20 helped me trade out of some losing positions for a mild profit. I quite liked this morning's sudden buying binge.
The one thing we do know about bitcoin is that it's impossible to predict (without insider knowledge) when a huge dump or price rise is coming. People like to claim they knew, after the fact. Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: teflone on February 02, 2012, 03:58:14 AM 6.03 5.85 6.30 6.80 6.65 The famous JRO 5-price prediction is back! Last time, he predicted an entire two weeks of prices, perfectly. :) Like fuck, hes right 1 outta 10 times.. His "predictions" are on bitcoinbullbear.. Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: proudhon on February 02, 2012, 04:19:13 AM This statement is an observation of what could happen. I am not predicting $8, but I'm saying that it's possible. The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level. Intraday rallies in Bitcoin history: $3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance. $4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance. $4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance. Next up? $5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2. Such a large move has happened before. It is possible. But what if we get a quadruple ramp? :o Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: teflone on February 02, 2012, 04:47:55 AM This statement is an observation of what could happen. I am not predicting $8, but I'm saying that it's possible. The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level. Intraday rallies in Bitcoin history: $3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance. $4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance. $4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance. Next up? $5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2. Such a large move has happened before. It is possible. But what if we get a quadruple ramp? :o To infinity and beyond! :) Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: SlaveInDebt on February 02, 2012, 05:58:25 AM We won't be seeing $8 till everyone gets their tax returns.
Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: Cluster2k on February 02, 2012, 06:12:33 AM We won't be seeing $8 till everyone gets their tax returns. That's true for some places (particularly the USA), but tax returns arrive at all times of the year depending on where a person lives. I got mine in October. en.wikipedia.org/wiki/Fiscal_year Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: bracek on February 02, 2012, 10:28:52 AM But then there is that nobody-has-bought-enough-Bitcoin-lately-to-make-that-happen problem... And besides that, what ramp? There was a single large purchase. looks like we are stickin' it to each other at ever increasing prices :) win-win situation at it's finest Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: BadBear on February 02, 2012, 01:30:32 PM Houston, Go or No Go for launch?
Title: Re: If a double ramp happens, we could see $8 tomorrow. Post by: waspoza on February 02, 2012, 02:42:12 PM Houston, Go or No Go for launch? The Dude says no go. |