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Author Topic: major breakout imminent!  (Read 8866 times)
S3052
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April 21, 2012, 08:50:01 AM
 #101

new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.

$5.2 was broken quicker than expected. And judging from the relatively few asks at $5.5 (~8k BTC at time of this posting), it may not be long before Mr. M pushes it over $5.5 too.

BitcoinBull,
it was very expected that prices break 5.2 $ fast, which is what we shared in our newsletter Thursday night to subscribers.

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April 21, 2012, 09:01:27 AM
 #102

I guess the break out through $5.20 up was due to the first leaked news about Bitcoinica becoming registered finance service.

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April 21, 2012, 09:37:18 PM
 #103

new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.

$5.2 was broken quicker than expected. And judging from the relatively few asks at $5.5 (~8k BTC at time of this posting), it may not be long before Mr. M pushes it over $5.5 too.

BitcoinBull,
it was very expected that prices break 5.2 $ fast, which is what we shared in our newsletter Thursday night to subscribers.


I suppose you were right. A quick break of $5.2 was to be expected after breaking $5.1. Now I'm wondering, how long can it be expected to hang below $5.5 before either making the big upward break or reverting to the more comfortable channel ($4.5-$5)?

Since we're tooting our horns, on April 11 I highlighted the upward trend starting at $4.3. Based on that trend, I'm guessing price will rest comfortably above $5, and form an ascending triangle toward $5.5 over the next 7-10 days before breaking out.

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April 21, 2012, 11:46:14 PM
 #104

I guess the break out through $5.20 up was due to the first leaked news about Bitcoinica becoming registered finance service.

Link?

Edit:  Nevermind.
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