Warning: bubble #2 might be forming

[cypherdoc]

ElectricMucus has unfortunately been away ("RIP Bitcoin") but his posts still speak.  As I recall, he was a huge bear.
Even he says there is a possible market reversal

Revised Nagle™ Chart



We broke through the short term accelerating downtrend and are about to challenge the overall downtrend. It's a 45 period exponential, added a 90 version to indicate possible market reversal.

RIP ElectricMucus.

the bad thing about him and several of the other bears, was that he was volatile and quite disrespectful as well.

[Bro]

definitely bubble #2

Since predictions made by btc-economists and btc-traders vary so widely that they cover the whole range of possible outcomes (major correction incoming!! major bubble in progress!! etc), I have no shame in making my very own pseudo-science prediction: I predict damped oscillation

[dree12]

I've already "acted upon it" by purchasing some more bitcoins. We now have further information that this is going to be a bubble, because the "correction" has now outpaced the previous bubble pop. The threads which have called for a major correction to the rally have all proven false. This is further assertion that when this rally pops, it will "pop all the way" (Nagle terminology).

No sign of an impending top yet... At this rate, we might be in double digits before the pop. Of course, the bubble will be avoided if a correction occurs immediately, but thus far there is no sign of that happening .

[paraipan]

yep, bitcoin definitely resembles an oscillator if we look at some peaks a year back. So prepare for a bigger "bubble", or wave...