If it were to plunge now, would you predict the 'final' correction to the levels of 500 that was predicted back in early jan?

1930 hrs  on 10th Jan,  is it UTC time 1930hrs ??

to me those 2 charts look almost identical and everything looks clearly predictable:

https://blockchain.info/charts/market-price

http://en.wikipedia.org/wiki/File:Stages_of_a_bubble.png

I think your blog is excellent and you've had some great predictions that are very accurate.

But you're saying that BTC will be above 855 on BTC-e exchange?  I still think we're on a mini trend down and will be testing the ~800 support level very shortly...

There has never been a level of general confidence in BTC like today

So based on the current trading trend and support levels, if we're not above 800 by this Friday you think we're in a bear market? 

Today's Signal

Today market must move above 904 to 912 band, after 0800 hrs UTC, to prevent a bearish move.

Today's normal trading zone -> 910 to 953 level.

According to posts on Laxmicoin’s Twitter page, its launch has been delayed due to “regulatory clarifications” and they hope to have clear guidelines from government soon.

They further said that they have written to authorities and are waiting for their replies to avoid any “problems“.

Another post said that they are “making good progress” and are in advanced level discussions with investors, while the launch would happen immediately after RBI’s response.

Since the site data comes from other peers, there is no central IP-address that can be blocked by Internet providers. Site owners will still offer webseeds to speed up loading, but sites are fully accessible when these are blocked.

Another important change is that the new software will not use standard domain names. Instead, it will use its own fake DNS system that will link the site’s name to a unique and verified public key. For example, within the application bt://mysite.p2p/ will load 929548249111abadfjab29347282374.p2p.

“Site owners will be able to register their own names, which will serve as an alias for the curve25519 pub-key that will identify the site,” the Pirate Bay insider notes.

“The “domain” registrations will be Bitcoin authenticated, on a first come first served basis. After a year the name will expire unless it’s re-verified.”

A bit early...but solid read to 960.

It seems like market has woken up on 6th day from that prediction.

If market closes above 774 level today, than that will reverse the downtrend continuing since 16 december 2013 (market was at 792 level).
If market surges past the today's resistance band of 774 to 778, then will have chance to reach to 960 level within next 6 days from now.

Market may trade in narrow band of 780 to 805, until upper breakout(as described in the previous post) doesn't happen,.

we will stay in the 780-805 range until we break to the upside

Income Tax department in India is looking at how they can impose tax on Bitcoin miners in India in the long run. However, they will not start this until RBI gives a clean chit to the coin which it had warned against recently.

Income Tax department in India is looking at how they can impose tax on Bitcoin miners in India in the long run. However, they will not start this until RBI gives a clean chit to the coin which it had warned against recently.

In your opinion, what is the chance of a final big crash to 600, 500 levels happening within this month before the stabilization of price?

Long term perspective from now:

Market would trade between 623 to 778 band till January 9,2014 (if any extreme news doesn't come in this period),although there is chance of break of this upper-band in next 5 days .

Today's signal

thanks for the feedback

the low volume is also because we are in the final stages of consolidation before the next market decision. the price is trapped within a relatively small range and most participants are comfortable with their current position and are waiting for a signal outside of the present channel before taking an action.

further, many indicators take volume into consideration, although none of the ones feature in the post i linked really do. this is not necessarily a weakness though, because they are designed to function independent of volume.

worst case here, is that the holiday slump and low volume draw out the consolidation a little longer than expected, as the price will need some serious energy to break out of this channel. i'll have to look back at some of my past work, but from my knowledge of how they are calculated, the directionality of the indicators i used should not be invalidated by low volume.

--arepo