The storm is building up!

[adamstgBit]

both Ask and Bid walls are getting bigger fast,

expect a major move coming to a chart near you!

Up down, sideways.... no clue, one thing is for sure we will start seeing more volume

[N12]

Major move sideways.

[Technomage]

I'm expecting the breakout to happen soon. Meaning that we will break $5.4 - $5.5 and then test $7.2 fairly soon after that. Breakout downwards would be very counter-intuitive taking into account that Bitcoin has had the biggest news coverage in over 6 months. And that coverage has been overall fairly positive I believe.

However I've seen the market do some counter-intuitive stuff before, so anything is possible. We'll have to wait and see.

[SkRRJyTC]

I'm expecting the breakout to happen soon. Meaning that we will break $5.4 - $5.5 and then test $7.2 fairly soon after that. Breakout downwards would be very counter-intuitive taking into account that Bitcoin has had the biggest news coverage in over 6 months. And that coverage has been overall fairly positive I believe.

However I've seen the market do some counter-intuitive stuff before, so anything is possible. We'll have to wait and see.

For those of you just joining us
This kind of post usually mark a top.


 
JK

[notme]

I'm expecting the breakout to happen soon. Meaning that we will break $5.4 - $5.5 and then test $7.2 fairly soon after that. Breakout downwards would be very counter-intuitive taking into account that Bitcoin has had the biggest news coverage in over 6 months. And that coverage has been overall fairly positive I believe.

However I've seen the market do some counter-intuitive stuff before, so anything is possible. We'll have to wait and see.

It's still too early... we may breakout and see 7.2, but we'll be right back here before it's said and done unless we dip a bit or at least go sideways for a bit more.

[waspoza]

I'm expecting the breakout to happen soon. Meaning that we will break $5.4 - $5.5 and then test $7.2 fairly soon after that. Breakout downwards would be very counter-intuitive taking into account that Bitcoin has had the biggest news coverage in over 6 months. And that coverage has been overall fairly positive I believe.

However I've seen the market do some counter-intuitive stuff before, so anything is possible. We'll have to wait and see.

For those of you just joining us
This kind of post usually mark a top.


 
JK

Yup, famous last words. 

[Technomage]

For those of you just joining us
This kind of post usually mark a top.

There is not much to support that in this case. None of this is priced in because it just happened (without warning). From a larger perspective I believe this recent news could start a new Bitcoin trend. It has been building up steadily ever since December but now it seems that we might've reached the trigger point.

It could fall flat as well but I think this is some serious shit. Bitcoin is being noticed much more right now and in a much better light compared to 6 months ago.

[waspoza]

For those of you just joining us
This kind of post usually mark a top.

There is not much to support that in this case. None of this is priced in because it just happened (without warning). From a larger perspective I believe this recent news could start a new Bitcoin trend. It has been building up steadily ever since December but now it seems that we might've reached the trigger point.

It could fall flat as well but I think this is some serious shit. Bitcoin is being noticed much more right now and in a much better light compared to 6 months ago.

Yeah, we got some coverage, but still its not really visible here: http://www.google.com/insights/search/#q=bitcoin&date=today%203-m&cmpt=q

[Technomage]

Yeah, we got some coverage, but still its not really visible here: http://www.google.com/insights/search/#q=bitcoin&date=today%203-m&cmpt=q

Trends/Insights do not show live data. The effect will be visible within a couple of days. The coverage is such that I'm actually expecting us to get some new players, possibly major players into Bitcoin thanks to that. It will take them time to learn about Bitcoin and get money in however.

Bitcoin needs this a lot, our market cap is so ridiculously tiny at the moment that I don't feel very comfortable. It's so easy for any decent sized trader to play with and manipulate the market. A larger market cap would be a healthy direction. This time I think we can actually sustain a larger market cap (although it will probably overshoot big time and bubble once again).

[proudhon]

Major move sideways.

Holy shit!  Did you guys see that sally (sideways rally).

[notme]

Major move sideways.

Holy shit!  Did you guys see that sally (sideways rally).

It's gonna be intense.

[Rothgar]

I hate to bust your bubble but there is going to be downward movement for the bitcoin price.  However it is possible that the price go up or maybe continue to go sideways.

I hate to disagree with you but it had to be said. 

[adamstgBit]

I hate to bust your bubble but there is going to be downward movement for the bitcoin price.  However it is possible that the price go up or maybe continue to go sideways.

I hate to disagree with you but it had to be said. 

how long have you been watching bitcoin?

[dropt]

I hate to bust your bubble but there is going to be downward movement for the bitcoin price.  However it is possible that the price go up or maybe continue to go sideways.

I hate to disagree with you but it had to be said. 

It might go up, but it might go down, but maybe it'll go sideways! COVER ALL THE MOVEMENTS!

[Rothgar]

how long have you been watching bitcoin?

One year, and look the price is down since my post. 

Now, if the bitcoin price does not go down or stay the same, then it will go up.

[Koekiemonster]

how long have you been watching bitcoin?

One year, and look the price is down since my post. 

Now, if the bitcoin price does not go down or stay the same, then it will go up.

Date Registered:   01 April 2012

Lol.

[Rothgar]

One year, and look the price is down since my post. 

Now, if the bitcoin price does not go down or stay the same, then it will go up.

Date Registered:   01 April 2012

Lol.

My logic is undeniable. 

[BadBear]

He's right though, it isn't looking good short term.

[N12]

He's right though, it isn't looking good short term.

Why? Looking pretty neutral to me.

[proudhon]

He's right though, it isn't looking good short term.

Why? Looking pretty neutral to me.

You're forgetting that neutral usually means down.