People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago.

Are they really worth $113 or more right now ?

Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days.

Well according to our fellow triangle of doom, the price is actually supposed to stabilize now.

Should stay within $100-$115 and tommorow within $100-$110.

what the...



magicaltux payed $2048. dunno what to say...

You buying BTC in 2011 had nothing to do with TA or charts. Give yourself the credit for that, you saw the potential (I've read your posts).

We'll just draw new ones. On log charts, of course.

If the guys making the charts could actually predict the market movements, they'd be rich and they wouldn't be on here making charts trying to convince people.

Im going short here fully leveraged. This reminds me of the recent 140 high with no volume. Looking for 105ish to make me a nice 25% gain.

Wow. The old thread took almost 1yr to reach 1200 pages. This thread is only 23 days old and already up to 340 pages. (...)

Does anyone get the feeling that the market is slowing down as we near the apex of the biggest triangle ever seen?

Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.

Times scales are so different... Tweaking the time scales in that way you can find similarities in every chart in the world.

If I may, I would like to add some of my own analysis.

Many "bears" here believe the support line will break under the resistance line, pointing to the 2011
bubble and the long and excruciating crash that followed. (Both lines should collide in the next 2 days, at around $115.)
They might be right. Both charts kinda look similar.

Let's look again:



Here we see the peak, with the inevitable collapse, the rebound, the second crash... and so on.
I think we all know this chart by heart now.


Oh wait...
Wrong chart.

This is our chart:




What the hell did I just show then?

The gold "bubble" chart.

Here is how it deflated:






Now, obviously the timescales are different. But take a closer look.
Observe how the "popping" is similar. And by similar I mean frikking identical.



Everything is in log scale, so what we see really are relative changes.


Contrary to gold however, our support is ascending.
Notice how both support points occurred at almost the same places.




The full gold chart:



Disclaimer: contrary to 2011, I'm ready to drop a good chunk of my coins at a moment's notice.
I will not simply hold all of them and miss a golden opportunity like the one that arose when BTC reached $4.

We are officially over sold and people are scared to NOT have coins.

Can I get my parade now?