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Author Topic: If a double ramp happens, we could see $8 tomorrow.  (Read 1816 times)
ineededausername
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February 02, 2012, 01:25:09 AM
 #1

This statement is an observation of what could happen.  I am not predicting $8, but I'm saying that it's possible.

The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level.

Intraday rallies in Bitcoin history:
$3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance.
$4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance.
$4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance.

Next up?
$5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2.

Such a large move has happened before.  It is possible.

(BFL)^2 < 0
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PatrickHarnett
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February 02, 2012, 01:30:23 AM
 #2

Quick - I'll sell you some at 7.20 so you can make a killing at 8.
antares
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February 02, 2012, 02:00:47 AM
 #3

will do 7.19
Jonathan Ryan Owens
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February 02, 2012, 02:01:56 AM
 #4

6.03
5.85
6.30
6.80
6.65

Crypt_Current
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February 02, 2012, 02:12:09 AM
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will do 7.19

10 for $70 PLUS free shipping

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ineededausername
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February 02, 2012, 02:15:26 AM
 #6

6.03
5.85
6.30
6.80
6.65

The famous JRO 5-price prediction is back!  Last time, he predicted an entire two weeks of prices, perfectly.  Smiley

(BFL)^2 < 0
cypherdoc
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February 02, 2012, 02:37:57 AM
 #7

highly plausible.
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February 02, 2012, 02:56:20 AM
 #8

The sudden surge to $6.20 helped me trade out of some losing positions for a mild profit.  I quite liked this morning's sudden buying binge.

The one thing we do know about bitcoin is that it's impossible to predict (without insider knowledge) when a huge dump or price rise is coming.  People like to claim they knew, after the fact.

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teflone
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February 02, 2012, 03:58:14 AM
 #9

6.03
5.85
6.30
6.80
6.65

The famous JRO 5-price prediction is back!  Last time, he predicted an entire two weeks of prices, perfectly.  Smiley

Like fuck, hes right 1 outta 10 times..

His "predictions" are on bitcoinbullbear..


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February 02, 2012, 04:19:13 AM
 #10

This statement is an observation of what could happen.  I am not predicting $8, but I'm saying that it's possible.

The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level.

Intraday rallies in Bitcoin history:
$3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance.
$4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance.
$4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance.

Next up?
$5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2.

Such a large move has happened before.  It is possible.


But what if we get a quadruple ramp?  Shocked
teflone
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February 02, 2012, 04:47:55 AM
 #11

This statement is an observation of what could happen.  I am not predicting $8, but I'm saying that it's possible.

The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level.

Intraday rallies in Bitcoin history:
$3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance.
$4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance.
$4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance.

Next up?
$5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2.

Such a large move has happened before.  It is possible.


But what if we get a quadruple ramp?  Shocked

To infinity and beyond!  Smiley

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SlaveInDebt
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February 02, 2012, 05:58:25 AM
 #12

We won't be seeing $8 till everyone gets their tax returns.

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
Cluster2k
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February 02, 2012, 06:12:33 AM
 #13

We won't be seeing $8 till everyone gets their tax returns.

That's true for some places (particularly the USA), but tax returns arrive at all times of the year depending on where a person lives.  I got mine in October.

en.wikipedia.org/wiki/Fiscal_year

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bracek
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February 02, 2012, 10:28:52 AM
 #14

But then there is that nobody-has-bought-enough-Bitcoin-lately-to-make-that-happen problem...

And besides that, what ramp? There was a single large purchase.

looks like we are stickin' it to each other at ever increasing prices Smiley

win-win situation at it's finest
BadBear
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February 02, 2012, 01:30:32 PM
 #15

Houston, Go or No Go for launch?

1Kz25jm6pjNTaz8bFezEYUeBYfEtpjuKRG | PGP: B5797C4F

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waspoza
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February 02, 2012, 02:42:12 PM
 #16

Houston, Go or No Go for launch?

The Dude says no go.
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