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Frozenlock
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May 24, 2013, 09:52:30 PM |
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Looks like a head and shoulders forming....watch for the width of that right shoulder.
I see it... but I need to look in at 15 minutes periods, or even 5 minutes to get a clearer view.  Really short therm. |
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ChartBuddy
Legendary
 Offline
Activity: 2352
Merit: 1805
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 24, 2013, 10:01:45 PM |
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Frozenlock
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May 24, 2013, 10:02:13 PM |
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And if you want to look with intervals this small, you can also see an upward triangle.
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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May 24, 2013, 10:05:28 PM |
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Is it even useful to look at intervals that small?
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Frozenlock
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May 24, 2013, 10:06:48 PM |
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I don't think so, but many here are trading on 1.5% profit...
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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May 24, 2013, 10:12:04 PM |
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$126.5 at Bitstamp now, looks like a good price to buy in if you're still out.  |
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icekiss
Member
Offline
Activity: 70
Merit: 10
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May 24, 2013, 10:13:08 PM |
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bitstamp: that was very satisfying: an 400 BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down! Rebought my bitcoins minutes later at 126.5  |
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Frozenlock
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May 24, 2013, 10:18:53 PM |
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I don't think so, but many here are trading on 1.5% profit...
bitstamp: that was very satisfying: an 400 BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down! Rebought my bitcoins minutes later at 126.5  |
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icekiss
Member
Offline
Activity: 70
Merit: 10
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May 24, 2013, 10:24:32 PM |
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I don't think so, but many here are trading on 1.5% profit...
bitstamp: that was very satisfying: an 400 BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down! Rebought my bitcoins minutes later at 126.5 I am long term bullish, and so try to stay in bitcoins. But whenever I see a chance to increase my bitcoin holdings by selling/rebuying, I'll do so. Otherwise, there would be little point in watching the charts and walls, now would there?  I believe in the effects of compound interest  |
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CMMPro
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May 24, 2013, 10:35:11 PM |
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My second proposal of the day is to rename the "head and shoulders top" pattern to the "Mt Gox" pattern....it looks like a small mountain range if you squint and it also exemplifies the true meaning of disappointment.
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dexX7
Legendary
Offline
Activity: 1106
Merit: 1026
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May 24, 2013, 10:39:40 PM |
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Looks like a head and shoulders forming....watch for the width of that right shoulder.
If the neckline breaks, the pattern and trend reversal is confirmed, before that the neckline can be considered as support. |
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Frozenlock
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May 24, 2013, 10:45:45 PM |
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It's not as if someone could paint the tape for such a time interval anyway. Oh, wait... |
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1805
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 24, 2013, 11:01:33 PM |
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EuroTrash
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May 24, 2013, 11:49:52 PM |
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Looks like there is a party going on here! Cool, I love parties |
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CMMPro
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May 24, 2013, 11:59:11 PM |
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I'm mixing the drinks...what will it be tonight Frozenlock?
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1805
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 25, 2013, 12:01:27 AM |
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Frozenlock
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May 25, 2013, 12:06:32 AM |
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I'm mixing the drinks...what will it be tonight Frozenlock?
Coffee bailey for me, I need to stay alert to savor this volatility.  |
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icekiss
Member
Offline
Activity: 70
Merit: 10
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May 25, 2013, 12:13:33 AM |
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Please party on without me. I'm finished trading for the day. It's after midnight here, and it was quite a headache to get in once mt.gox started creeping upwards again (was 1/3 in fiat) since bitstamp reacted really fast this time around. Luckily a 400 BTC bidwall appeared, which is still creeping downward. At 128.1 I couldn't resist anymore and bought in again. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 25, 2013, 12:15:43 AM |
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I hope we'll see stability in the 130's this weekend
130's definitely has some resistance, it would make sense to pause there some time to accumulate coins.
This rally is just a taste of next week's action IMO.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 25, 2013, 12:22:18 AM |
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PS: if you're a bear now would be a good time to sell.
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