Quote from: Traktion on July 09, 2013, 01:09:28 PM

Quote from: Its About Sharing on July 09, 2013, 12:51:00 PM

Quote from: Traktion on July 09, 2013, 12:27:57 PM

Quote from: Traktion on July 06, 2013, 09:58:14 PM

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

Yup, that illustrates it pretty well I think!

"Boobs and Fat Hanging Arm Pattern" - LOL!

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