Bitcoin Forum

Basically its in a wedge. Last time it was in a triangle it broke out and almost hit $700 about 2 months ago.

It will either break up or break down sometime this week or next....


See chart below

http://i62.tinypic.com/29egen6.png

My new play is half hold and half short bids as a hedge (some at resistance points and some goofy bids to catch a .0001% chance of a flash crash). I figure if it goes up, I win. If it goes down to a resistance point then I got those coins cheap and I'll probably win on the bounce back. If there is a monumental crash on an exchange I hit the jackpot. If it does something somewhere in between, I could lose a tad.

Triangle breakouts usually occur ~60-70% through its formation...also your trendlines could use some work. Worst case for you is if you get whipsawed for the next week or so. But I do hope your trade goes well  :)

I haven't entered the trade yet. Right now its 50/50 whichever way it goes.

Too bad we dont have bitcoin options.

50 - 50 is the best chance but seem like more and more are speculating that this will occur in August.

Dont know why but seem that more and more are concern about DELL implementing btc ass pay rate. They seem to expect that other big companies will involved and price to jump up.

The market is always 50 50
Hard to predict something when you don't have perfect information that said I will say up since I am more or less attuned to that bull mode at this time and I've been waiting for the rise of the Bitcoin price long enough ha-ha.
(Really its only been months thinking about it but it feels much longer)

Market for now is stable seem like the person/persons who stole mtgox coins are selling it and price is stable for now we will see after they sell all what will happen will price stay stable go down or up (we will like to go up dont we.)

Hopefully the price rises. I could really use some money right now...

You have money.

Well guess what im going to do: it beggins with an H.

HODL

This is also my current status, hold and see what will happen.
I don't know if something big will happen this week, but I'm expecting the start of a new bubble in the following months.

I never spend my bitcoin. I figure if I hodl on to them in the future they will be worth a lot more and I can buy twice the stuff I could today.

HODL TO THE DEATH! (and take the private keys with you)

I've never seen the most arbitrary lines drawn on a graph in my life, until now.  That's pretty pathetic dude.

All technical analysis are done using this way.

this week is ending soon.

Unfortunately the wedge broke to the downside.

http://i59.tinypic.com/20acfac.png

LOL! If you don't understand what a wedge is, maybe you shouldn't be trading. Pretty common pattern.

The best way to sleep without being anxious: hodl.

lol... its your lower wedge line, seems to cut directly thru the graph not anchored to anything.

I am entering short on this pullback.

Will short full position at around $610 or so.

Tight stop

The Ethereum crowd probably going to cash out their newly found wealth.

They raised 7k BTC and counting. Can't believe how gullible some people are.

Jesus fucking hell! Imagine if you were in control of 7K BTC out of nowhere and BTC hits 1000 USD again. Are you shtting me? These guys are going to at least cash out on a couple million dollars for sure. I guess we are going to have constant sell resistan celings for a while.

This graph is so incredibly random. The bottom line is just .... erm drawn there for no reason?

Likely outcome in the next 12 months.