That actually looks pretty sexy. Edit. NOT the agent Smiths |
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Hey, I've just noticed a pattern that this crash fits into, but it's only visible at very long range. (You need a big screen preferably to see this - pull the browser page out wide if you can to grow the image to full size. Sorry I couldn't get the pattern very visible at small scale). This correction may not be as bearish as we think and seems to fall into a "family" of profit taking moves associated with the rise that started back around July 2015. It appears that every 7-8 months (every 4-5 months earlier in the rise) there's a big profit take like this which always happens at the top of a spike when the market gets ahead of itself. (I call them "propellor corrections" because they look like an aircraft propellor from side on since the price corrects to about the same distance below the trend line as the 'overheat' got above it). All the same there's a longer, underlying trend where the upwards revaluation grows steadily steeper, even despite these crashes along the way. When the pressure-relief gasket blows on these bubbles it always corrects to just below the top of the previous propellor pattern. Same every time but increasing in size. Then there's a period of consolidation, followed by a slow rise, then steep rise and another gasket-blow. Each time the correction gets bigger, but it still seems to stick to the rule of dropping to just below the last spike so that the growth trend isn't broken. I now think I'm not the only one to have noticed this and that big players are actively trading this pattern, watching for the overheat-spike and knowing exactly when to profit take, driving that bubble into full temporary reverse with shorts for maximum profit. But they also must know how far to take it because the last spike gives the reference level. This one was perfectly timed - 7 months exactly. Judging by its size and perfectly placed timing, we could be in for a very big rise over the next 8 months if the long term trend continues because the vertical distance between each "overheat" phase increases each time by about 60% to 70%. Just sayin. Context is everything   Thank you for bringing this to our attention. I for one find this very very interesting. Good find there! |
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Just sending fiat to an exchange hehe.
If it goes below 500$ I'll buy half a dozen btc. Well, I would buy at this price too, it's just I have to wait fore the prehistoric wire transfer.
Someone knows a way to instantly buy btc? (Not localbitcoins).
https://coinatmradar.com/countries/Be prepared to comparison-shop. Rates vary considerably. Where I live they range from 1% to over 15%. Thanks for this jimbo. There are 2 within 20 mins drive from me. I never knew this. |
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I don't think market behaviour like this will look too impressive to the SEC pondering ETFs right now. Bitcoin has lifted her skirt to reveal a sloppy pussy, or double dick arrangement, or even BOTH.
Gentlemand, once again, a class comment! Ha ha |
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God knows how someone who hodls a huge amount is feeling. I have a reasonable amount and it hurts even though I don't trade or plan to sell anytime soon.
It always feels bad when the price drops exorbitantly, and if you are prudent, in any kind of way, you are not investing more than you can afford to lose... right? On the other hand, if you are gambling, and investing more than you can afford to lose, then you are going to feel a lot more stress about these kinds of situations that are actually within the realm of expectations. No JJG. I have invested only what I can afford to lose. It in no way affects my family. Still a bit of a kick in the balls though. |
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Well the positive side....
This isn't boring. We know bitcoin is volatile and it's proving this right now.
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Are you still feeling happy jimbo? Buying them all up at these low prices? If it drops more I may join you. |
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From masterlucs Russian thread using google translate https://m.vk.com/bitcoin_vanga"This time the pain and it is unlikely in the shortest possible time is expected to continue the feast. Those who did not sell - you'd expect the bottom and a rebound of 62%. More than confident that the level of about 1000 price soon overtake, but further - alas. Rebound is expected to be one of the following below Fibo levels. Of course 524 is highly unlikely, but those higher - quite. And then we will be long and hard to draw a counter-trend channel (handle). It takes six months to a year. This Buble something that does not happen that happened in the past and it was my anchor. 1. Before draining noticeably did not shoot light. Usually, it was and it meant the end for a few days. 2. Before any discharge has not been expressed triangle. It is not something that normally - he was always in the 4th wave at him, I was guided in counts as a surveyor on the device. In general, I am now blind, as this is the Wang. These anchors are used to work as a clock and brought me a lot of money. It's a pity. We seek the following." I guess I still need that translating. What the hell does that all mean? |
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you're out of reality, 2k based on what? 1k was just a new year's joke, back to 600 soon.
Looking more likely than 2k to be honest Stop delusional fudding you will soon get banned if you spread fud spam here on bitcointalk Read my posts. I am no Fudster. This unfortunately could be reality |
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you're out of reality, 2k based on what? 1k was just a new year's joke, back to 600 soon.
Looking more likely than 2k to be honest |
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God knows how someone who hodls a huge amount is feeling. I have a reasonable amount and it hurts even though I don't trade or plan to sell anytime soon.
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Right I think I need to stop looking. Fuck sake
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Apologies I am not ML and apologies for bumping this.
I just have to ask here, didn't ML predict a dump in January and this means we are on course.
Is the dump bullish in ML's mind?
I can't seem to find the beginning of the year prediction.
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Perhaps the 38.2% fib is a reasonable level for the end of C. Then a final 5th wave on the higher fractal upto $1100 again? Wild guess here  this just happened! woo hoo! Meaning? Where next? |
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Is it 2024? Nope. Then I need to calm the fuck down and continue my day. This was a 10-12 year plan and the only thing I need to remember is that if it goes really really low, buy some more.
If it drops below $200 I may be pissed off.
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I'd be suprised if 666 holds to be honest. 1154 to 800, this hurts.
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I am not so sure. The older ones are hard to budge.
I personally think the new money will come in over the next few years from young people with fresh thinking and open minds. The school kids now who are beginning to think about going out in to the working world.
The oldies die off and the youngsters become of age (with regards to btc)
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Fakhoury....how can a high price be seen soon without a bubble?
This confuses me.
Thanks my friend.
To go up brother, it can be done in two ways. Either we go into bubble/bust (fast) or we go steady growth (slow). There are people who prefer bubble/bust like Xapo CEO and others prefer steady growth like Vinny Lingham and me. Although steady growth is slow, but it's guaranteed in terms of high prices and their stability. That's it N.B. : I'm trying to get my brother (afbitcoins) in the talking because used to learn from him and still learning, maybe he have something to add. You are most welcome  I personally believe that slow and steady is not really possible (I mean it is possible like an outlier 1 in 1000), and the most likely scenario is lots of continued volatility. Bitcoin remains controversial, a relatively small market cap, a whole hell-of-a-lot of use cases, networking effects, disputes regarding it's value, and probably a lot more that causes bitcoin's price to be a recipe for ongoing volatility and continuous overshooting of actual objective value (to the extent that exists in a world of humans) I meant around 2x-4x increase per year Call me a nay sayer, but I really don't think that bitcoin works like that, and for the reasons that I already mentioned volatility is going to continue to be in our most likely near term future... whether that volatility is up down or sideways on average. There may be some years with really great growth and other years with mediocre growth. I don't think that you can really achieve steady, even if you are describing that as an exponential kind of steady that ranges between 2x to 4x.. It just seems like too unlikely of a scenario (even though it is in the realm of possibilities, it is like less than a 5% chance that something like that could play out, in my humble bumble opinion). Now on the other hand, 10 years down the road, we may describe an average that ends up being within the range that you describe, I doubt that the year to year performance is going to be anything steady and sure like that. I won't ever never call you a Naysayer brother, although we don't agree much but you've from all love and respect and our PMs could witness on this I agree with you that years we will have great growth and year won't, but in general, the trend is upwards. I recommend you to watch Clif High video I've posted few days back to know where we are heading this year We agree that the most likely trend for bitcoin is up but for differing reasons and probably a little bit different details about how many ups and downs may be in the road from point A to point B, yet I think that it is healthy to have differing viewpoints. I do tend to be bullish about bitcoin in a kind cautionary way.. which may have to do with my upbringing... and my many years of experiencing difficult obstacles.... hahahaha  What I want now is to hover above the $1K, although we didn't reach the first half of the first month of 2017, but I'm looking forward for the $3-3.3K  Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir! |
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I'm playing the long game here. 7-8 years and see where we are at. Until then, ride this roller coaster.
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Oh no, here comes the Segwit war over the next 3 pages........
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