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Title: mtgoxUSD bounce to $41 drop to $20 Post by: usagi on March 02, 2013, 11:39:30 AM http://kongzi.ca/silver/misc/20130302bouncechart.png
It appears as if we will bounce back to ~10% over support just like we did the last three times. Target price in 2-3 weeks: who knows, who cares? Target price in 2-3months: just under $20 Title: Re: mtgoxUSD bounce to $41 drop to $20 Post by: nguoinhaque on March 02, 2013, 11:51:23 AM History repeats itself but not in the way we thought. That explains why predictions are wrong ;D
Title: Re: mtgoxUSD bounce to $41 drop to $20 Post by: usagi on March 02, 2013, 11:59:02 AM History repeats itself but not in the way we thought. That explains why predictions are wrong ;D I wouldn't be so sure. I'm getting a meow reading of 28 with this chart. here's the same chart with the patented NYAN technical indicator I'm using: http://kongzi.ca/silver/misc/20130302catshot.jpg Are you seeing what I am seeing? I think the indicator here speaks for itself. I think it's pretty obvious we're in a speculative bubble. So while we can't predict the top (and therefore cannot cash out at the top) we know the price will be lower 2 or 3 months from now. My speculation is that it might be best to start cashing out slowly. Like dollar cost averaging but in reverse. That's how I am approaching this market now. Meow. Title: Re: mtgoxUSD bounce to $41 drop to $20 Post by: Rothgar on March 02, 2013, 01:13:39 PM Title: Re: mtgoxUSD bounce to $41 drop to $20 Post by: druid on March 02, 2013, 01:39:41 PM As we all know animals can predict great catastrophes, like earthquakes, volcano activities, meteor showers, bubble pops....
THERE IS A PANIC IN THOSE CATS EYES! SELL, SELL, SELL! Title: Re: mtgoxUSD bounce to $41 drop to $20 Post by: gimme_bottles on March 02, 2013, 02:03:09 PM Title: Re: mtgoxUSD bounce to $41 drop to $20 Post by: niko on March 02, 2013, 04:22:43 PM In other words, OP is saying that the support has been increasing ~10% per 2-3 month rally.
https://i.imgur.com/chceH7z.png I'm saying it's more like ~100%, and will continue to do so until it doesn't. It will all make sense in hindsight ;) Title: Re: mtgoxUSD bounce to $41 drop to $20 Post by: phatsphere on March 02, 2013, 04:33:20 PM you have to do this logarithmic ... your linear scaling doesn't catch the magnitudes.
Title: Re: mtgoxUSD bounce to $41 drop to $20 Post by: Francesco on April 09, 2013, 11:50:56 PM Nice thread :D
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