Nice inverse H&S formation on the chart.

[Akado]

so we temporarily at 4th again

[Tuck Fheman]

Apr 11th, 2015 7:28:24pm

in the coming weeks, we will see a slow massive pump on BitShares taking the price back to or near 5k sats before it’s done

 

for teh lulz, here's the entire post

I heard…

in the coming weeks, we will see a slow massive pump on BitShares taking the price back to or near 5k sats before it’s done. Very few in the BTS community read this blog, so you have plenty of time to get on the train and make some profits this Summer. If you choose to hodl longer, I don’t think you’ll be disappointed. BitShares is undervalued due to the PR debacle, which is so bad it almost appears to be a case of deliberate self-harm (or idiocy) at this point.

BitShares is not some shitcoin that’s going to vanish next month. It’s current PR however is managed like a shitcoin, for some reason, I don’t know why. Regardless, the code speaks for itself. I just wish their “PR team” would let the code do all of the talking, while they sip on a big ol’ cup of stfu.

Do your own research, invest only what you can afford to lose and have fun while you help decentralize teh future!

[xeroc]

To .04!

I dreamed about this price rise, and then I woke up and it had happened!

can you go to sleep again? Right now?
:P

[Ander]

To .04!

I dreamed about this price rise, and then I woke up and it had happened!

[.yoshi]

awesome. thanks ander

[Ander]

http://www.sosobtc.com/kline/bts/btc38.html

[.yoshi]

where can i find the charts you took a screenshot of in the OP?

[Ander]

$63000 of volume in bitCNY traded. 

[jsidhu]

.0348!

DAYAM.  Thats faster than I expected.  I was hoping to hit .0300 today!

The prev swing high is way up there so yea it is expected.. almost like a short squeeze for bitusd holders

[Ander]

This is amazing.  Just watching someone put up another 300k sell wall, an then watching it get bought right away.

[Ander]

Weekly MACD is on a buy now.

[Ander]

.0348!

DAYAM.  Thats faster than I expected.  I was hoping to hit .0300 today!

[jsidhu]

I thought maybe it was a key fibonacci retracement number or something. 

In this case, getting over .0277 was of course important since that was the previous high.  Though to really break it, we need to beat it by more than .0002.   But I think we will soon.

Well it is part of that.. I have my own way of calculation retracement points.. this was an extended leg down 1.5 times the last swing... and 0.0279 invalidated the bear for that swing meaning trend change and test of the next swing high which was way higher. the number i just pulled out of my ass but the retracement was for around 0.02 which it hit and bounced. The numbers pop out when i look at them but the retracement points are following a formula... ofcourse a new low would mean simply follow the formula tot he next leg down to find out when it could possibly turn around, but at this point we are signalling a test of the next swing high.

Remember i said that number before it hit 0.0277 before and tried to make a new low but made a new high again (just now). I think it didn't quite know that it was going to change but now we just had a confirmation.

[Ander]

I thought maybe it was a key fibonacci retracement number or something. 

In this case, getting over .0277 was of course important since that was the previous high.  Though to really break it, we need to beat it by more than .0002.   But I think we will soon.

[jsidhu]

Just curious, why is .0279 in particular so important in your mind?

I just see prices that are important... just from looking at numbers for too long. They usually seem to cause reactions... its weird but it works.