Special short term bitcoin charts update issued to subscribers.
For new subscribers, we have a special offer until August 25. Send an email to S3052@gmx.ch to find out more.
|
|
|
|
this is more and more fun to watch, how the bears chase the bulls.
next mark to fall is 15 $
I start to wonder if we see 20 $ in the next hours / few days
Did you post this before or after the price fall to $10.60? Price rebounded nicely as I anticipated. CHEAP COINS!
now we have seen a shakeout of the weak hands, typical in bull markets/color] |
|
|
|
|
this is more and more fun to watch, how the bears chase the bulls.
next mark to fall is 15 $
I start to wonder if we see 20 $ in the next hours / few days
|
|
|
|
The poll is reset again. Vote now so that we can see what the latest sentiment picture is.
I find it interesting that every time, the sentiment is bullish (except during that 2011 slide, where it was even). This is not unusual in a bull market. |
|
|
|
|
The poll is reset again. Vote now so that we can see what the latest sentiment picture is.
|
|
|
|
as many people are speculating about this, I did a comparison of current bitcoin charts in 2012 versus the 2011 ramp up to the all time high:http://bit.ly/qJDsYw You're comparing a linear chart for now with a logarithmic from last year - there is no breakout yet on the current log chart (looks to be about $20+ depending on the time it happens). I accept that the linear breakout is also significant, but it really needs to happen on the log scale for me to get excited/worried.
We can tackle this one by one:
1) the linear breakout is confirmed.
2) we can watch what prices do when they reach 20 to determine if and when a breakout of the log channel would happen.
In the meanwhile 20 might be reached soon if this accelerated rally continues. |
|
|
|
|
shorted AAPL at 636.93 $ today. Stop is 645 (small risk, big opportunity)
Let's see if this call is as good as the SBUX short call a few days ago
|
|
|
|
Thanks, now I get it. I said 'bullish' but meant 'bearish' which you answered anyway!
Here's a Bull vs Bear visual to go with the explanation given by BrightAnarchist. Nice picture.
Nice comparison.
The count for the bear case is rather unlikely since the time span for a wave 2 correction would be too long versus the wave 1 advance. It is not impossible but does not look likely.
Thanks guys! @S3052, Agreed! It is very unlikely. However, it should be noted that, if we were to have a deep correction, and drop below the wave-(1) ($7.22 high noted in the "bullish" representation), the current situation would be the topping of a wave-(B), and we would be looking at heading toward a new low. This is because, from an EW standpoint, once we passed the January high, and a wave-4 cannot overlap a wave-1 there is now nothing stopping us from seeing a new lower low. (I know you know this, I'm just clarifying for the EW Newbs.)  |
|
|
|
What a rally, it seems to accelerate even further again
Yes it seems to be creating a slow and steady rise in a parabolic nature. Not rising too fast like last year. i agree...shorter periods of time with more price movement. very interesting times. |
|
|
|
What a rally, it seems to accelerate even further again
Yes it seems to be creating a slow and steady rise in a parabolic nature. Not rising too fast like last year. |
|
|
|
Thanks, now I get it. I said 'bullish' but meant 'bearish' which you answered anyway!
Here's a Bull vs Bear visual to go with the explanation given by BrightAnarchist.  Nice comparison. The count for the bear case is rather unlikely since the time span for a wave 2 correction would be too long versus the wave 1 advance. It is not impossible but does not look likely. |
|
|
|
|
What a rally, it seems to accelerate even further again
|
|
|
|
When I sat down on Friday night to finally decide if I was going to dump another $1500 into BTC, at $11.40, or wait for the weekend dip, I considered the following - Three very large and obviously false walls - $12, $12.20 and $13, all of which disappeared as expected, so big players are trying to get a lower buy-in. The weekend dip for the last month has been shallower and shallower only to be followed by growth the next week. Everyone else has noticed that by now, and expects the price to continue rising. Large support on the buy side, outweighing the sell side about three-to-one. Even with weekend sales and bank-deposit limited new buys, the demand would hold. With all the nervous holdouts that were waiting for the dip that hasn't come buying back in, along with new deposits, along with left-behind buy orders brought to market, I'm expecting panic buys to hit the roof this monday-tuesday. $15 doesn't look outlandish. The June $30 bubble happened within a day. That day might be coming again sooner than you think - except with volume an order of magnitude higher than it was then, it's much more likely to reach that point and then stay. Just my two satoshis.  Happy trading.
Most of the biggest advances actually happened over the weekend or close to the weekend as bears were caught off guard.
In June 2011, prices tripled in just 8 days and the second strongest advance within that was on a weekend (Jun 4+5).
|
|
|
|
The bitcoin and financial markets newsletter has just been sent to subscribers.
i.e. more than +110 % since our breakout call on bitcoins
If you are interested to subscribe, send an email to S3052@gmx.ch
|
|
|
|
as many people are speculating about this, I did a comparison of current bitcoin charts in 2012 versus the 2011 ramp up to the all time high:http://bit.ly/qJDsYw
|
|
|
|
Well, whats gonna happen this Saturday and Sunday I wonder?
Here's a prediction from another thread:
Also, Bitcoin is now in the danger zone range of $11-12. Expect about a 10% decline over the weekend.
|
|
|
|
The bitcoin and financial markets newsletter has just been sent to subscribers.
EXCITING WEEKS IN THE BITWORLD AND FINANCIAL WORLD OVERALL.
i.e. more than +100 % since our breakout call on bitcoins
If you are interested to subscribe, send an email to S3052@gmx.ch
|
|
|
|
|
Chart analysis is not mentioned here above.
But this has been one of the best ways to predict bitcoin price movement.
Even if some people don't believ in it, I have to say that it is a great tool: it encompasses already all the fundamental questions and brings it down to a simple thing. And it avoids getting trapped in a forest and mud of thousands of info sources.
|
|
|
|
|
Show Posts
