IMO, we are topping. But strange thing. I thoung current [5] should be kinda ED. But diagonal has 3-3-3-3-3 (zigzag) formula. We have completely wave from $49 low with impulsive 5-3-5-3-5 formula. And last (current subwave) also has 5-3-5-3-5 formula. This says what? This says that current top could be an intermediate short term top and futher upside may appear after correction (unless it will not break key supports). However I will watch for weekly BB.  Nice. I sold a few coins @ $100. Proly could have held out for more but I really think we're topping as well, and it's going to be epic. I also just put on a few short positions on the S&P500. Give it a couple weeks I think everything is going to roll over here. Weeks? In that time the exchange rate could be up to $200. Lol no I think it's probably topping within 24-48 hours... but it's just that I've seen these situations many times before and often tops can take longer thsn you anticipate. So don't be too aggressive if you're bearish is my only point here, based on experience. You make better decisions if you underleverage |
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IMO, we are topping. But strange thing. I thoung current [5] should be kinda ED. But diagonal has 3-3-3-3-3 (zigzag) formula. We have completely wave from $49 low with impulsive 5-3-5-3-5 formula. And last (current subwave) also has 5-3-5-3-5 formula. This says what? This says that current top could be an intermediate short term top and futher upside may appear after correction (unless it will not break key supports). However I will watch for weekly BB. Nice. I sold a few coins @ $100. Proly could have held out for more but I really think we're topping as well, and it's going to be epic. I also just put on a few short positions on the S&P500. Give it a couple weeks I think everything is going to roll over here. |
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Cool - this only goes back a few months though... I need a csv download of all daily data Oh nevermind, I see I can parse the html I guess pretty easily... EDIT - or just copy/paste into libreoffice calc LOL |
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Cool - this only goes back a few months though... I need a csv download of all daily data |
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Does anyone have this or know where I can get it?
It's quite urgent: I'm trying to get an article published and I'd like to feature a custom chart
Thanks!
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Can someone get CSV daily OHLC historical bars for mtgox?
If so could you PM me and I'll give you my email address
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I dont think so
I thought so lol Agreed. This could end up being outsized fifth wave (a blowoff), so calling the exact top is kind of pointless |
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5 of 5 of 3 off $0 low
Forgive my ignorance. But, what does this mean? What are those numbers? Current position in fractal structure of historical prices |
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No.
I've been in here speculating since 2011, why would I buy at the by far highest price ever?
Why people do it, I can only guess. I doubt it's because Silk Road suddenly had a demand surge. Probably, the rally is being caused by comparably inefficient speculators. Certainly not my kind of game to play.
Agreed. |
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What are the bets on the top?
Not sure. I'm very much looking forward to how this plays out though - sentiment is white hot, and we have a potential 5 of 5 from the 9.77 low in formation... |
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Excellent... We've broken out of wave 4 and are marching through wave 5 to a new high right now... Exactly as anticipated
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Bytecoin is the future. Bitcoin is so last year...
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I invested 80% of my savings almost a year ago ... Was that top behavior?
No. It takes a lot of people doing that together in a short span of time to make a bubble. Also, the context is totally different. This is during a parabolic move, not in a lull following a previous crash. |
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in financial markets if you reach the point where everyone knows something, then the exact opposite is usually about to occur.
Right because when everyone bought the google IPO because they knew it was an amazing company, it failed instead. Did people sell their houses and put all the proceeds into google shares? I think you're misunderstanding the degree of conviction I'm conveying here that occurs in people's minds at major tops... i.e. contrarianism only works at the very extremes of psychology |
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Only for the whole process to repeat itself? If that is the case I, and I'm sure many other people, will be buying in quite heavily come that time.
What are you thinking for the new ATH prior to the crash? Where are we headed?
I don't know that - I'll leave the price calls to Lucif and his charts  . All I know is that in financial markets if you reach the point where everyone knows something, then the exact opposite is usually about to occur. |
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1) This looks like 99.9% of the bubbles of the past...
2) People have the same "bubble mentality" exhibited in all past bubbles (bullish to the point of growing horns -- denying the possibility the price can ever go down)...
3) The numbers reflect the same proportions as past bubbles...
4) It's not worth the risk to try to buy high and sell a little bit higher...
100% agreed. People are calling this "the singularity" even though bitcoin is having trouble with the volume at Satoshi Dice (and that's just one website). Now, Bitcoin still has value of course, but saying it's going to be the new world currency anytime soon is just ridiculous. Other bubble signs include: - people are selling their houses to buy bitcoin - it's all over the news - it's an "investment" now, not a currency like it has been for the past two years. The same change in attitude towards bitcoin occurred in the 2011 bubble - People are cashing out their retirement accounts and going "all in" - all this is happening coincident with another financial bubble in stocks and junk bonds. The mania psychology between multiple sets of markets is no coincidence - it's all part of human herding behavior. The last time bitcoin peaked was in july 2011, coincident with the last major selloff in stocks and also the high of the small caps/large caps ratio (a measure of speculative fever). This time, again, it followed the lead of the stock market and will likely peak around the same time. Once again I bet you will be proven wrong in the next 5-6 days concerning your claim that bitcoin likely wont go through $100.
Agreed here as well. According to Lucif's count, we have one more new high to come before the collapse. |
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So I'm guessing there will be an upper limit of 2,625,000 bytecoins, correct (i.e. 21 million divided by 8, since there are 8 bytes in a bit).
There are 8 bits in 1 byte. lol typo, tks |
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So I'm guessing there will be an upper limit of 2,625,000 bytecoins, correct (i.e. 21 million divided by 8, since there are 8 bytes in a bit).
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Wanna make out?
Yes. Yes I do.  +1 |
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