Bitcoin Forum

http://upload.wikimedia.org/wikipedia/en/c/c6/Breakout2600.png

my money's on up (obviously!) ;)

whales still need to accumulate a bit more i think, no boom for now

Yup!

can you feel it?

Doubt there will be movements to rise the price 50% or similar, but i also get the feeling that we are ready for atleast 310-320 in the comming month or so.
Its nothing to compare to what we can expect to see in the next year after the halving, so if you are not sure ull be able to rebuy, i wouldnt even sell for 300,
but im sure short time holders will sell.

cheers

That chart is probably the best most relevant thing I have seen here to date!

you mean the image in post#1?  What does that represent?  I don't get it.

I too am starting to feel a possible breakout. I think we may need to test $250 once more though.

I think the auction winners will make or break this. If they are like Mr Draper and HODL I agree nice break out very soon. If they purchased under spot I think they might dump some. This coming 2 weeks will be very interesting!

lol OP was trolling a little bit go and google "pong". I guess it shows my age knowing what that was instantly.

Kidding me, just sold some at 270$, but I still hope the price to take off.  :)

your "feelings" put you in the last position in the trading simulator.

Guess I'll let is pass

I think price will go up very soon, at the moment it looks as if bots keeping the price at the current level.

A couple of big buys in the last 3 hours, the trend is definitely upwards from here, I can imagine $300 being resisted, but it shouldn't be a long term pause, especially if more big buys come in soon.

Lets welcome them. Time for some action :)

I can't trade, it's true. Seems you were the last to know :)

https://i.imgur.com/yP87nF1l.png

That buy wall is certainly starting to get destroyed, I can see the gap!!1 definitely we are approaching 300 by tomorrow.

I am on short...
as soon as it break 1730 i will clear my position but until then,
it's still downtrend

It did not dip on the weekend so its bullish for the short term. But for the big breakout to 1000 or more we are months away.

That's a strange graphic man.  Eagle flies off face.  Is that supposed to be like the bitcoin price taking wings or something?

I certainly do not see any breakout possibilities as for now. For now there are textbook example of stagnation of the market. Bitcoin price is fixed between 270 and 280 dollars and seems stable for now.

most convincing graphs from op showing the ta for the incoming breakout.  i'm in.

Bro.....
https://i.imgur.com/napE73C.jpg
...obviously.

USA wants pump and China wants dump
Who will win?

Hoping to see the breakout towards $300 range this weekend. Let's see if those resistance towards that point will disappear as time moves on into that target price.

Check out the 12 HR chart. The winners trade the churn. Buy China dump and sell USA pump, rinse and repeat.

One minute I'm expecting a pump, and the next I'm expecting a dump. If others are thinking the same then it should stay rangebound.

Only few dollars rising doesn't mean much, the MACD is still grenn, hope the market could surprise us with $290,$300 or something like that latter. :D

i believe the game was called breakout

Oooh, I had no idea that was called breakout.  I remember playing that kind of game but not the name of it.  Still doesn't connect to the lady's eagle eyebrows though.

Decision should come today or tomorrow, either breakout or a large dump if breakout fails.
Huobi bids look promising for the bulls, but so did they on the 2 - 3 December 2014.

I am unsure whether this is a joke post or if this is serious.... Why do you think the price will be going up? I think we may see this price hanging around for a little while longer before we see a reversal...

I might as well sell some of my holdings when we see $300. I bought some coins on the $230 price range and maybe $300 is a good price to take some little profit. But as I can see, the market seems to be ready to jump on a higher price than $300 in the coming weeks. If not, then maybe I'll continue on buying more and selling less, getting ready for the future prices.

well, my money is on up too! but the most important question is "WHEN" i think it is gonna stay around $280 for some time for the upcoming days (a bit more accumulation)

I think that might be possible considering the fact that earlier, the market has been rather stable at 230 for couple of weeks before it climbed at a very fast rate going to 280. So right now, it's like we are looking at another similar trend whereby again, we are now at 280 level and has been rather slow. It's not going down for sure, so I expect another small breakout will happen soon before a bigger one comes along.

I find it strange OKcoin is now the exchange with the largest USD volume of trades. OKcoin led the rally last night but the Chinese themselves complain that the volume on there is mostly fake.

All my posts are approx 50/50. I looked at the chart (triangle) thought "breakout imminent" then I thought it would be (slightly) funny if anyone opening the thread was immediately confronted with a 'breakout'.

As it happened (the way I see it) we got a breakout up, but it stalled, then retested but the bears couldn't force it down, so the breakout resumed and here we are at the next crossroads.

I never know which direction its going (hence why I don't trade - see dnaelor trading game thread for further proof!) but the triangle always breaks one way or another. I think anyone can trade, until they can't.

I think the zerohedge tag line isn't about life, its a about traders being able to stay in the game ;)

(to clarify im talking about this several trades a day/week style of 'trading' trying to profit on what is mostly random noise - over the past few years I've bought (during the crashes) and sold (during the run ups) and I'm doing ok. I don't see that as trading so much (though I suppose technically it is) more like hedging risk... *shrugs*)

It's great that this subforum can be funny without all the bears calling the end of Bitcoin with their 'hilarious' GIFs of that guy laughing at a big red candle...

Yah, I've also heard that most of the volume on that exchange is not real.  I wouldn't use that evidence to support the breakout theory.   

Well it would be hilarious if there were funny gifs and pictures. We do have that in the off-topic section right?

Going back to the topic, I'm still optimistic to see a $300 by the end of this week. Still doing good though, not hoping for a rapid growth. This slow and steady increase is fine by me.  ::)

How'd you say that the volume isn't real? Where did OKcoin get their stats? Randomly input numbers?

$300 isn't that far away.
We could get there even tomorrow.  :)

We did achieved $300 earlier and currently we are at $297 (Coinbase). Strong support and heavy demands. Idk if this is good in the long run, but for short-term holders, this is a great opportunity, particularly those who entered in the $230-$240 price range.

The people that said we wouldn't see 300 again must be really sore by now. We are clearly headed towards 600 ish for the summer. Enjoy the gains and hold.

Man, I really want another big dip to maybe buy some more coins, even though I'm really overinvested... Ugh, man! The mania is really getting a hold of me now... Better get some sleep and think this over...

Better rest yourself and don't stress too much about it. Wait, at what level did you bought? I bought some at $230 and I'm up right now.

Difficult to calculate a mean price at this moment. Lost quite a bit in ASICMiner, as well. But I didn't panic-sell at the bottom like others did, so I got that going for me, which is nice...

Good thing you don't let emotions ruin you. Most of the time people lose big is because they panic-sell to cover-up for their losses. Impatience also ruins one's decision as hastening doesn't give one time to think about what he is going to do. Good for you man, hope the rise continues slowly. :)

You know that moment where the ball goes through a tiny hole you chipped in the wall, and starts bouncing around the top of the screen scoring points while you leave the keyboard and go make a coffee?

I loved that moment.  We are going to have one of those soon with the bitcoin price.

I just tried to make a meme superimposing Breakout with the bitcoin price breaking breaking through and then bouncing off resistance/support, but I then got lazy.


Thanks for the memories though sgbett.