If a double ramp happens, we could see $8 tomorrow.

[ineededausername]

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.

[PatrickHarnett]

Quick - I'll sell you some at 7.20 so you can make a killing at 8.

[antares]

will do 7.19

[Jonathan Ryan Owens]

6.03
5.85
6.30
6.80
6.65

[Crypt_Current]

will do 7.19

10 for $70 PLUS free shipping

[ineededausername]

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. 

[cypherdoc]

highly plausible.

[Cluster2k]

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.

[teflone]

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. 

Like fuck, hes right 1 outta 10 times..

His "predictions" are on bitcoinbullbear..

[proudhon]

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? 

[teflone]

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? 

To infinity and beyond! 

[SlaveInDebt]

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

[Cluster2k]

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

[bracek]

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

win-win situation at it's finest

[BadBear]

Houston, Go or No Go for launch?

[waspoza]

Houston, Go or No Go for launch?

The Dude says no go.