Channel breached

[afbitcoins]

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.

[BitcoinTate]

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.

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.

[thefiniteidea]

We're going to $200 before a significant correction of 30% and back up again.

Hold on to your eyeballs.  

[BitcoinTate]

We're going to $200 before a significant correction of 30% and back up again.

Hold on to your eyeballs.  

Shit we could hit $1,000 by next month.

[Rygon]

We're going to $200 before a significant correction of 30% and back up again.

Hold on to your eyeballs.  

Shit we could hit $1,000 by next month.

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!

[BitcoinTate]

We're going to $200 before a significant correction of 30% and back up again.

Hold on to your eyeballs.  

Shit we could hit $1,000 by next month.

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!

lol! And I would never work another day in my life... that would be awesome!

[mccorvic]

We're going to $200 before a significant correction of 30% and back up again.

Hold on to your eyeballs.  

Shit we could hit $1,000 by next month.

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.

[oOoOo]

In before someone posts that XKCD comic.

[thefiniteidea]

In before someone posts that XKCD comic.

You know what's ironic about that comic?

It actually works for Bitcoin.

 

[bitcon]

In before someone posts that XKCD comic.

You know what's ironic about that comic?

It actually works for Bitcoin.

 

bitcoin is a polygamist!