So they both believe that we've hit the top (at least for a while).

The Moon's outlook seems plausible, but so does Doom Guy's, it all depends on whether the Chinese panic or sit tight.

The similarities between the candlesticks in the boxes do seem to suggest a similar pattern to April:

A 3 day run-up with closing prices higher than opening, then a spike, then a 3 day correction period where the price ends up lower than at the beginning of the run-up. The closing price isn't lower yet, but there's another 1 day candle to go on the end of the bottom chart yet, and things could change pretty quickly as the last couple of days have shown   

If the closing price after the 3 day correction period is, in fact significantly higher than the beginning of the run-up (unlike April's spike), basically how it looks right now, then we can expect a higher support level %-wise than April, around $500-$600.

It's even possible (but unlikely) that this higher support level could ignite another spike, maybe even beating the ATH within the next couple of weeks, before consolidating at around $800-$1200 for a longer period of at least a few months.

Now that my stash has increased 1000%, I have no problem spending a few coins here and there for stuff. I just paid this minute for a week in a hotel with bitcoin, that felt awesome.

I realize this increase in value can't carry on for ever, but later adopters will still spend bitcoin if they have to, or even if they just want to. I think a deflationary currency would encourage a competitive marketplace - in the same way the computing/home entertainment/mobile devices sector is doing so well. After all, these technologies costs less year on year, yet people still spend a shitload of money on them.

Yeah, there's a little bit of time for a big sell-off, but it doesn't look likely at this stage.

This is the 3 day Gox candlestick chart. If we go with the Moon's analysis [blue lines], the current 3 day candle ends up green, with a high closing price (similar to the final green 3 day candle in April), we can expect another savage period of exponential growth before a correction.

If however we go with Doom Guy's intel [yellow line], the current candle ends with a lower closing price (similar to the big red turbo nutter bastard nitrous one in April), and we may be be fucked.

Both the Moon and Mr Doom advise keeping an eye on the 1 and 3 day candles.

But... It probably won't be that similar, and I may well be talking bollocks. My guest analysts don't have ideal credentials, plus the last time I discussed candlesticks I was putting one in my ear to get rid of ear wax, and that was like 3 years ago.

Yeah this is a massive problem, it used to be piss easy with either Intersango or Blockchain. Now there's localbitcoins, and bitbargain but they seem to be overpriced for the little guy. I know many people in my rural-ish area who'd just wanna chuck in 50/100 quid, but these options are not profitable or simple enough to deposit such small amounts. I would sell some of mine but I haven't got enough as it is :scrooge:

I believe this lack of exchanges, together with the minimal informative media coverage in the UK (Only really the Guardian and a few other papers/news channels covering it properly), is making it hard for "the common man" to get into Bitcoin here.

OP, awesome post my friend!

Although many have flocked to the BTC station for mere personal gain in fiat/access to hidden marketplaces, I think some change their attitude after a bit of research into bitcoin/status quo economics/mainstream media and recognize Bitcoin's radical subversive power. I was one of those people that started using Bitcoin simply to make anonymous transactions, then became seduced by it's incredible technological implications and began to buy up some coins for holding as I saw it's advantages. My coins are now worth 10-15 times what I paid for them, and I just paid for a 5 day Christmas hotel break for about 1.5BTC directly. 

I am also planning on giving some money to some BTC accepting charities, and introducing the payment system to a couple of pubs/cafes in my home town - even if they don't get many people other than me paying by BTC, they won't be losing any custom by offering it. Maybe in a year or 2 I could walk in, deposit a single bitcoin and pay for a £5,000 free bar for the whole pub!! I'm sure that would get some boozy peoples attention! I will start accepting/paying BTC for local goods and service too, and trying to educate everyone as much as possible.

Still, according to who I've talked to Bitcoin about, this recent bubble DOES make it harder psychologically for people to buy - The amount of times I've had to explain the "divisibilty aspect", with no major success. Most people I've talked to don't want to spend >£100 on a fraction of something, It's really hard to get this into peoples heads, especially in the UK, where it's very hard to actually buy BTC on an exchange...

What the actual fuck.

...buying

First sell-off/Bear trap.

Damn, yeah I already have most of my money in BTC luckily, but I tried to send £200 to a trading platform in order to go long on BTC price at 10:1 leverage about 2 weeks ago. Unfortunately my passport is out of date so I couldn't open the position as they needed ID...

The price then was about $250, I probably would have closed the position at about $750. so like $5000 profit or something, aaah well shit happens 

well, my bid just got bought @£324, so I got an extra 1.1BTC from yesterday! 

Looks like I missed the bottom by a bit, market's correcting savagely right now, but I don't care as I have more delicious bitcoins!
I'm glad most of my stash is in cold-storage otherwise the craziness of the last 24hrs would have probably lost me shitloads of money...

^Nice one, will do. I'll wait for a nice buy-in point on Gox, and make some extra coinage first!

Ha. Cheers, so you're saying it's actually impossible? Wow, no wonder the volume's so low. I assumed I could get the fiat out, just that it would take months... Is there any exchange at all that lets you cash out GBP? apart from localbitcoins?

We hit monkey parity last night (£500 is a "monkey" in cockney slang  ), we then hit an ATH of £549.95 before dropping to about £360

It's mad, there's so little volume that the price is mega volatile, I guess it's bots putting small bids in and around the USD price, but there's a little bit of lag so you can spot a correction in the USD market, then quickly set up bids/asks in the GBP market. I managed to sell a couple of coins at £496 when I saw the USD market retrace after the first major correction.

Now I'm trying to decide where to buy back in, or just cash out the fiat if the price doesn't go any lower in the next few days. How long does a GBP transfer from Gox take these days? A month? more? Never cashed out from gox before, I've got bids set up at around £330, which should get me about 1 BTC profit if they fill...

Anyone else here actually use GBP on Gox? Will I literally be waiting a year for my measly £1000 to get to my bank if I don't buy back in? 

I think it will crash, but not quite yet. I moved a couple of coins to Gox just in case (I might cash them and lock in some profit), luckily the majority is in a paper wallet which I'm not gonna touch.

I call crash at about $960, down to about $220, stabilizing at about $350.

It's safe to say you should pull an extra 100 euro out of the bank before you meet up... 

1 - Aquire some coins, wait till price reaches 1m USD.
2 - Pay in BTC for cryogenic freezing of your body (together with a paper wallet containing 1 BTC, and a Block Erupter) in the event of your death, with instructions to revive in the year 2140 2135.
3 - Commit suicide in a publicity stunt involving Bitcoin (Maybe use your leftover BTC to buy a Rolls-Royce and drive it out the back of a plane you hired with BTC, with some naked bitches you tricked into coming aboard by flashing your phone wallet?). Price rises.
4 - Awaken in the year 2135, Everyone's dead, but you find a small deserted museum with some shitty looking computer exhibits, apparently powered by geothermal energy. You smash the glass surrounding an exhibit, happily plug your Block Erupter into a spare USB, and quickly mine the last ever satoshi.
5 - 
6 - Profit?

Imagine the rally if big banks started competitively buying up coin, as a kind of fallback collateral!