Cup and handle again on Bitstamp?
Begins to look a lot like it yes, plus
new money coming in. Next 24 hours will be very important i think.
So people inside don't let the price fail because they think coins are cheap, and people on the outside want to get in because they think coins are cheap. And it's makes sense because there is no way the Senate hearing is already priced.
Now I am pretty convince that this was only a correction (and that's mean was is coming gonna be epic).
This. As a localbtc trader, I usually get an in-person trade request about once every two days. Since the rally to 900, I've gotten literally DOZENS of requests. 9 times out of 10 when I sell to someone in person, they need help setting up a wallet/ learning a few security/ safety tips. The people requesting lately aren't even there yet. They know they want bitcoin and they have cash for it. I'm turning half the people down if I can't immediately reinvest the cash back into btc (when Coinbase reached their max), and it's just a cycle. The same people still want it so they keep trying.
Be careful with relying on coinbase. They frequently decide not to fulfill an order if the price goes up after you place the order claiming that it is high risk.
It seems to happen whenever I get a really good price with them, I can have 5 or 6 approved on a day, but the one large order at the low of the day gets deemed "high risk". It is increasingly seeming that the risk is of Coinbase not being able to use its customers to take the risk on all their purchases and when the market goes up they keep your coins and send back your dollars. I have NEVER seen it happen on market down days.
So if you rely on coinbase to backfill your coins that you sell on localbitcoin, you may find your coins declining unexpectedly when prices are going up and being stuck with dollars you don't want.