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Author Topic: Triangle breakout  (Read 2493 times)
pent
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January 07, 2012, 08:34:13 PM
 #1

Make your bets. Up/Down ? RSI is neutral.



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cloon
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January 07, 2012, 08:35:48 PM
 #2

looks like going upwards? :-D

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January 07, 2012, 08:45:59 PM
 #3

aka Bullish Flag
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January 07, 2012, 08:49:07 PM
 #4

remember: the one buying first makes the money
so who wants be the one causing next uptrend?

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January 07, 2012, 08:50:53 PM
 #5

remember: the one buying first makes the money
so who wants be the one causing next uptrend?

Well - there are those that bought long time ago.
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January 07, 2012, 08:51:15 PM
 #6

UP UP UP

What you need to look at is the MACD.

edit: MACD, RSI all on uptrends... it's obvious where this is going Grin
$8 here we come!

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January 07, 2012, 09:04:19 PM
 #7

This thread needs a poll XD

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pent
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January 07, 2012, 09:05:53 PM
 #8

remember: the one buying first makes the money
so who wants be the one causing next uptrend?
Already out of USD! Since $2.6  Grin

Who is the first? ))
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January 07, 2012, 09:07:56 PM
 #9

I'm back in! All I know is something's getting smashed if I come back from the bars tonight and it went down...

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randomguy7
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January 07, 2012, 09:09:23 PM
 #10

Recently lots of people were short on bitcoinica (they were out of bitcoins for further sells). This might result in a nice litte short squeeze Grin.
ineededausername
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January 07, 2012, 09:13:00 PM
 #11

Recently lots of people were short on bitcoinica (they were out of bitcoins for further sells). This might result in a nice litte short squeeze Grin.

A breakout now would certainly be an unusually massive breakout due to the short squeeze.

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pent
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January 07, 2012, 09:16:17 PM
 #12

Seems that rocket not yet filled with fuel
sgbett
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January 07, 2012, 09:19:00 PM
 #13

Daily RSI paints a different picture. I think we have to correct first, originally I thought we would retest $2.20, the strength of the rally and the amount of money that seems to have appeared makes me think we may go no lower than 3, I think there is a lot of bullish interest - any downward spike will be met by serious upward pressure as people will just see it as a buying opportunity (I certainly will!)

Agree that if we break upwards though, it will blow the roof off probably straight up to $12.

I'm still not buying more at this price. I'll just hold what I have and wait for better entry. Right now its too risky to bet either way imho. Roll on options at gox!!!

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January 07, 2012, 09:21:25 PM
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I'm back in! All I know is something's getting smashed if I come back from the bars tonight and it went down...

Lol so you won't be the only thing that's smashed?   Grin

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antoineph
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January 07, 2012, 09:22:13 PM
 #15

Right now its too risky to bet either way imho.

Except that every bet you make has a higher chance of influencing the direction.
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January 07, 2012, 09:33:48 PM
 #16

Who else is watching anxiously, waiting for it to go to $8?  Grin

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January 07, 2012, 09:40:06 PM
 #17

Who else is watching anxiously, waiting for it to go to $8?  Grin

+1

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Crypt_Current
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January 07, 2012, 09:40:20 PM
 #18

Who else is watching anxiously, waiting for it to go to $8?  Grin

::: raises both hands :::

LOL and i'll keep them up for when the roller coaster reaches the top

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Wekkel
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January 07, 2012, 11:13:11 PM
 #19

Let it go to $3. At that time, I have enough cash from selling Ebay stuff to join the Year of the Dragon  Kiss

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January 07, 2012, 11:16:31 PM
 #20

Recently lots of people were short on bitcoinica (they were out of bitcoins for further sells). This might result in a nice litte short squeeze Grin.

how recently?
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