Going against my earlier idea, this triangle break appears to confirm the upside. It could still be a fake-out, but given the bullish sentiment over the last few weeks, this looks to be a continuation of a larger trend.
This is why you always wait for confirmation before taking a trade. I don't trade in the direction of every idea I post because I know my idea could easily be wrong without confirmation. I post on suspicion and trade on confirmation.
This is where a lot of noobs lose shirts.. i think we are not out of the woods yet.. depending on auction results i intend to offload some in case this breaks out.. otherwise just sit tight and watch the show.. tim draper and silbert were not agressive in this auction so that tells me these fellas know bitcoin is way overpriced and yet to prove its worthy..