You shall not pass 27

[ElectricMucus]

just made this, what do you think?
last line of defence for the bears.

[cloon]

u must be trolling

[wormbog]

You might as well be reading tea leaves.

[no name]

interesting

[Luno]

Different market, traders and market cap and it was a hack that made the peak= no reason that this pattern from a year and a half should repeat!

[ElectricMucus]

You might as well be reading tea leaves.

Yes, but tell that to the lemmings following the blue guy.

I did the same thing just less complicated.

[ElectricMucus]

Different market, traders and market cap and it was a hack that made the peak= no reason that this pattern from a year and a half should repeat!

The hack was after the peak, this is fully valid. (As valid as a non-backtested trading channel chart can be anyway)

[Puppet]

Amateur! Clearly we are headed for $20

[smoothie]

Amateur! Clearly we are headed for $20

+1 LOL!!!

[StarenseN]

[notme]

FTFY

width=800 is your friend, although your text is tiny

[herzmeister]

guess he's a guy rich with screen pixels 

[byronbb]

[Foxpup]

Unless you really think we're going to see negative prices by 2015, stop drawing straight lines on a linear chart.

[01BTC10]

The official Bitcoin oracle.

[ElectricMucus]

Unless you really think we're going to see negative prices by 2015, stop drawing straight lines on a linear chart.

The same old argument.
They are meant to be broken, but they work better than straight lines on a logarithmic chart.

BTW, it seems that the line we are currently at happens to show more resistance than I assumed. I wouldn't be surprised if we crash to 15.... That said I don't even think that it has any predictive power whatsoever, it is just that people come to similar conclusions (or follow the blue guy). This group behaviour then actually makes those charts become true.
The simpler the pattern is the more likely it is to be followed since more people will recognize it and act accordingly.