here comes the slow grind higher until we are approaching a new ATH in June or July of this year.
As soon as it becomes apparent that we are in for another ramp, front-runners will accelerate the cycle. Therefore I predict the next ATH will be in April or May and the new peak will be proportionally lower, between $1800 and $4,000. What is incredible is that the last three bubbles have assumed clearly the same shape and form on the log chart. if the price history is anything to go by, which clearly it is, then the next ATH should be 3 months after the dip. that means June is the month. Any time in May would not surprise me, but an ATH in April would delightfully surprise me. |
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wow much fact, such information, very entailment, how sorry  |
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Please pull the trigger Mr. rpietila, I used to enjoy this thread so much. I miss the days when you removed the crap though some of it me my own.
Looking at the chart today, Im starting to come to grips with something I never thought I would see on the log chart. no alternation. all the bubbles have assumed the same structure. The corrections are all wedges, where the price extreme of wave C fails to exceed the extreme of wave B.
It simply feels too simple, part of me feels this needs to be a correction of greater magnitude than the last two, but before our very eyes we are witnessing a sequence of 3. the next wave could take us roughly to 15k if it is similar to the last two bubbles.
but what of the elbow? Andreas Antonopolous feels we have not hit that yet. from a fundamental perspective, I agree.
from here will the exponential rate of growth increase or decrease? that is the million dollar question.
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All in BTC. Expect it to break 700 this week or next week at the latest.
Im not going to expect that, but I'd agree that the time has come to HODL. my last trade was a small loss, sold at 640, saw the price drop to 605, and then I closed my position at 642 lol. I had been right on the short side every time before then, I think maybe Bitcoin is back! |
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So much bullshit in this thread... $104  I wish some people would have moral and conscience... what is immoral about placing a low bid? You are spreading panic and suggesting people they should sell. I often lost money because I listened to some "guru´s" here. placing a low bid is not spreading panic..... Im sure the victims of fud are grateful for any support when they panic sell. but it is immoral to panic sell if you think about it, you are stampeding your peers. If you get hurt in the market, it is 100% your fault. |
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"Any sufficiently advanced incompetence is indistinguishable from malice."
and "never attribute to malice that which can be adequately explained by stupidity" Sorry, that level of stupidity would require daily retraining on toilet hygiene. Not bloody adequate, or likely. whats more stupid, losing 1000k BTC or, stealing 1000k bitcoins from an exchange you own. in either case, stupidity exceeds malice. over to you. Nope. Nope indeed. |
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"Any sufficiently advanced incompetence is indistinguishable from malice."
and "never attribute to malice that which can be adequately explained by stupidity" Sorry, that level of stupidity would require daily retraining on toilet hygiene. Not bloody adequate, or likely. whats more stupid, losing 1000k BTC or, stealing 1000k bitcoins from an exchange you own. in either case, stupidity exceeds malice. over to you. |
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"Any sufficiently advanced incompetence is indistinguishable from malice."
and "never attribute to malice that which can be adequately explained by stupidity" |
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remember to wait for atleast 2 confirms  |
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I told you this correction wasn't going to be easy and there would be some news event and lots of fear and fud.
"This is going to be like 2011"
"Were assuming the chart will follow 2012 or 2013 but it might be like 2011"
"There is an outlier in bitcoin's history we cannot ignore"
"A hacker might have 850,000 coins and put unnatural forces on the market"
"There was a hacker in 2011 too"
"What if gox was actually the heart of bitcoin whether you like it or not"
"It looks like were on our way to retest 400, or go lower"
"What if the 1 week EMAs cross down"
"The price has actually gone below the trendline before. We cant rely on the trendline for support"
"It looks like the fad of bitcoin is over. There will never be another rally. Things cant possibly get any better, only worse"
Will you succomb to da fear?
With all due respect, the sentiment is not fear yet. it has been through a phase, but it is not necessarily over in one flash and bang. the speculators are still top heavy. maybe wall street can lift them to the moon with all their might, but that is not their style. you are quoting a minority....... |
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The world is too dumb. period.
enter Darwin - survival of the bitcoin holders.
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Time is measured from GMT?? just to be sure  |
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Im laughing all the way to the bank =D just cos Im a day trader, doesnt mean I trade every day bought at 100, sold at 750, bought at 500, sold at 650, price now = 620...... =D |
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4/1/14 - VWAP = 666 (seriously though lol - it's a good guess for mid 600s)
pass $800 on tuesday, second week of April.
I believe that we need to form a new base to the current bull run because it has been left high and dry for too many days, forming a weak 3wave rally. now that we have possibly 180k coins entering the market, and possibly up to 750k, that will take some weeks to digest, if not causing new lows. but I beieve the tide is turning, and it will be behind us in a matter of weeks.
666 is a good guess for stamp assuming a bull/bear stand off. we may see 700s sooner than I might guess, so now that we are likely to explore the 500s again,this will be the median.
1Hyit1R9hd1WS58CtNdAUqhM7BknKx5i1N
This is a great idea BTW, Cheers!
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As much as I am convinced that the tide is turning, we may still be dealing with a very uncertain number of coins in supply. as of yesterday, perhaps 180K more than we hoped.
critical levels from here are 600 and 530. if these are boken, the case becomes much stronger for possible new lows or a re-test of lows. I think the latest bull run was left hanging for too many days, and needs to form a new base.
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why is everyone screaming 'fake'?
is this not the Satoshi Nakamoto you would expect?
he has worked for the military and he is a genius.....
he is humble....
he said 'he is not involved in bitcoin'. which is consistent with the real Satoshi.
makes perfect sense to me. very plausible.
Why? Just because yet we have zero proof ! Looking for an homonym whose the profile could match more or less with what we know about the real Satoshi (not so much) is far from a real investigation... zero proof does not entail that he is not Satoshi Nakamoto! he is Satoshi Nakamoto by name, fact, he is also a brilliant mathematician, and he has worked for the military in under cover opertions. maybe there is no hard proof there, but those crying fake seem only convinced that it's not him. seems foolish to me. |
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why is everyone screaming 'fake'?
is this not the Satoshi Nakamoto you would expect?
he has worked for the military and he is a genius.....
he is humble....
he said 'he is not involved in bitcoin'. which is consistent with the real Satoshi.
makes perfect sense to me. very plausible.
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I would rather say that the existing financial system is the greatest technological failure of our lifetime.
Bitcoin is a very clever idea in maths, of the kind that doesn't come around very often. it deserves study.
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you're going to have a baby?
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