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Dervish
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May 10, 2013, 09:39:50 AM
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May 10, 2013, 09:45:24 AM
 #2

Maybe.... We need follow through volume for confirmation.

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May 10, 2013, 10:07:14 AM
 #3

Lol.

1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
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May 10, 2013, 10:16:22 AM
 #4

Lol.

1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range


No he's right, we've clearly broken the trend. But yes, the close price speaks louder than a spot price.

And I always try to avoid following through especially if I've had a curry the night before.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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May 10, 2013, 10:22:35 AM
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Lol.

1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range


No he's right, we've clearly broken the trend. But yes, the close price speaks louder than a spot price.

And I always try to avoid following through especially if I've had a curry the night before.


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Bro
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May 10, 2013, 10:29:52 AM
 #6

foolish scale

look at the 6month chart instead
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May 10, 2013, 11:06:53 AM
 #7

I agree this down trend has been broken
naphto
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May 10, 2013, 11:07:57 AM
 #8

not yet
BitcoinFreak123
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May 10, 2013, 11:09:45 AM
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I simply think we have too much scared pussies selling off too early, leading to drops/ not so fast gains.. Anyways glad we saw 90 euro last night hopefully 100 in the few next days.
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May 10, 2013, 12:05:02 PM
 #10

Looks like this breakout is real. I'll be more confident about it once we're past $125 but it's looking good so far.

Go team green go !
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May 10, 2013, 12:09:41 PM
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Definitely a bullish market

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May 10, 2013, 12:26:18 PM
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Market could have broken up or down, this is a really good sign that the market is bullish after breaking out of a symmetrical triangle, the real question for me was which trendline that triangle was building off of, the more short term down trend or the longer-term up that occurred post crash...., and this is coming from someone who was hoping it was not Sad

I just bought back in, we'll see how far this rally can go, Murica gonna bring a ton of volume. At least next 24 hours is definitely going to be bullish movement, might even go throughout the weekend. SIGH. No cheap coins Sad(((((((((((((((((((((((((((((((
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May 10, 2013, 12:28:48 PM
 #13

Heres a slightly different view of it that I plotted, on a 2 month log scale



My green line is the top of a very long term trend I've been following, the price has dipped well below it a couple of times after the recent price crash. However those dips came after tremendous falls which to me feels similar to trying to hold an inflated balloon under water.

Its bullish that we are remaining above that trend and that we've broken out of the recent downtrend.
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May 10, 2013, 12:30:22 PM
 #14

Am I the only seeing that the oscillation created by the bubble/crash has been damped?

This happened during the first bubble too





I say it's gonna slowly go up again. Slowly because some people are still butthurt and cautious.
ironstove
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May 10, 2013, 12:32:26 PM
 #15

The market just ate through more than 20k asks in < 3 hours. If we break 125, it is going to go sky high to the 140s. You are witnessing the culmination of market volume that has been built up over the last 6 days just now being let loose...
chiropteran
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May 10, 2013, 12:45:14 PM
 #16

China money finally reaching the exchanges, or Gyft is giving us a gift?

You decide.

ironstove
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May 10, 2013, 12:58:29 PM
 #17

Couple of things, many people trying to buy in got impatient, many traders/speculators that cashed during the stagnation are buying back in (myself being an example), and bots also buying in tandem.
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May 10, 2013, 01:03:52 PM
 #18

The market just ate through more than 20k asks in < 3 hours. If we break 125, it is going to go sky high to the 140s. You are witnessing the culmination of market volume that has been built up over the last 6 days just now being let loose...

What what happened to

In my experience on forex and stocks, symmetrical triangles follow the trend that they were formed on almost every time, and previous trend is down, so at the end of the day I'm calling it like I see it. I decided to cash out my positions, cancel some orders and put on my tin foil hat as indicators are leading further and further into bearish territory so I expect a hard price crash to occur.

Positive news and hype has managed to keep the price from falling but this ship is about to sink.

Seems like you were pretty certain and you're experienced in forex AND stocks, clearly you own big boy pants.

Oh Hai, wait a second, you bought back in?

I just bought back in, we'll see how far this rally can go, Murica gonna bring a ton of volume. At least next 24 hours is definitely going to be bullish movement, might even go throughout the weekend. SIGH. No cheap coins Sad(((((((((((((((((((((((((((((((

Ahh, that explains why the "ship was sinking" but now it's turned into a rocket ship that's headed to the moon. At least wait 24 hours before you burn your bear costume and turn into a cheerleader. However you seem like a nice guy, didn't start your own thread to announce you sold everything, that's mildly redeeming qualities for a dramatic bear. Welcome back.  Grin

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ironstove
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May 10, 2013, 01:39:45 PM
 #19

That doesn't mean I'm not going to cash out soon, if I can make 5% from this spike and gain a couple more coins then great.
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May 10, 2013, 04:30:21 PM
 #20

China money finally reaching the exchanges, or Gyft is giving us a gift?

You decide.
China + Gyft + Humble Bundle + DigiDeals Grin

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