Bear Trap triggered

[Mellnik]

We have reached the first sell off 



After this rockets are ready for moon lift off 

[OmegaStarScream]

Wondering where you guys come with those charts made with paint or whatever So you are telling me that there will be a dump after this? since from what you say we are at First sell and now we should go down ... if First sell = 290$ , really asking my self how the "New Paradigm" is and "when"

[Mellnik]

Wondering where you guys come with those charts made with paint or whatever So you are telling me that there will be a dump after this? since from what you say we are at First sell and now we should go down ... if First sell = 290$ , really asking my self how the "New Paradigm" is and "when"

Indeed, edited this picture in Paint. Problem with Paint?

[spiderbrain]

Wondering where you guys come with those charts made with paint or whatever So you are telling me that there will be a dump after this? since from what you say we are at First sell and now we should go down ... if First sell = 290$ , really asking my self how the "New Paradigm" is and "when"

Indeed, edited this picture in Paint. Problem with Paint?

Where to begin? I presume you are also running windows XP?

[Mellnik]

Wondering where you guys come with those charts made with paint or whatever So you are telling me that there will be a dump after this? since from what you say we are at First sell and now we should go down ... if First sell = 290$ , really asking my self how the "New Paradigm" is and "when"

Indeed, edited this picture in Paint. Problem with Paint?

Where to begin? I presume you are also running windows XP?

Actually Windows 2000 because my i7-5930K can't handle high-end Windows XP.

[spud21]

WTF does the OP mean by the first sell off? There have already been at least 5 big sell offs during Bitcoin's history at $1. $10, $30, $250, and $1100. I'm sure you could find other big sell offs if you looked. You could say that chart pattern repeated itself 5 times over, but it never works out exactly like that chart.

[SparkedDev]

WTF does the OP mean by the first sell off? There have already been at least 5 big sell offs during Bitcoin's history at $1. $10, $30, $250, and $1100. I'm sure you could find other big sell offs if you looked. You could say that chart pattern repeated itself 5 times over, but it never works out exactly like that chart.

In the past there has been a point of a dip in price and sky rockets. Its happen a few times if it will happen again no one really knows.






Btw boss paint skills bro.

[OmegaStarScream]

Wondering where you guys come with those charts made with paint or whatever So you are telling me that there will be a dump after this? since from what you say we are at First sell and now we should go down ... if First sell = 290$ , really asking my self how the "New Paradigm" is and "when"

Indeed, edited this picture in Paint. Problem with Paint?

I have nothing against paint , in fact it's a very useful program . What I meant that this is not made by professionals in economics or finance unless you are ... what are your prooves for the charts you just shared with us nothing just a line going UP and down without any reason.

[afbitcoins]

Lol Windows XP is one of the best versions of windows though. Time to move to Linux I'd say.

I'm confused how this is a sell off. Price is going up.

[Meuh6879]

Better resolution.






OR

[SparkedDev]

Lol Windows XP is one of the best versions of windows though. Time to move to Linux I'd say.

I'm confused how this is a sell off. Price is going up.

I don't think anyone really knows whats going on then people who have the money to move markets for there own gains.

[Shiver]

If we are to use that chart as a way to explain it, I'd say that with the red line we're on the right hand side where it 'returns to mean' (the line in its entirety would only cover the most recent bubble), but also say that we're still in the 'awareness' stage, so I'd squish that whole red line to occupy only the left hand side of the chart to make the end of the line land in the awareness stage.  Hope that makes sense.

[Amph]

you're not looking at the whole picture, we are more likely in the take off zone, this take off will last until 1k

small swings here and there must be ignored, you need to zoom in that chart to x100 to see them clearly in that straight line

[MF Doom]

I've seen this chart floated around a lot, but I dont think it can be applied to btc.  Btc is not like other "investments"/currencies.  Just because its rising (seemingly due to economic uncertainty around the world) doesnt mean it can fit into this chart.

[spazzdla]

This could be the king of LTC bear traps...

The next months will FINALLY be interesting lol.

[maardein]

So, IF this indeed is the bear trap, when do you expect the 'mania' phase to commence? And what kind of highs are we going to see?

I really don't know much about the market mechanics, I just know I love the excitement when these kind of fluctuations happen

[qwk]

I've seen this chart floated around a lot, but I dont think it can be applied to btc.

It can, but is usually wrongly done so.
I've said it before and more than once, most people forget to actually read "anatomy of a bubble", especially ignoring the phases' descriptions: Smart Money - Institutional Investors, Public.
The chart is applicable when, and only when both the curve and the phases match.
So far, we're not even in "Institutional Investors".

[spazzdla]

So, IF this indeed is the bear trap, when do you expect the 'mania' phase to commence? And what kind of highs are we going to see?

I really don't know much about the market mechanics, I just know I love the excitement when these kind of fluctuations happen

September, based 100% on Martin Armstrongs market analysis.

[RodeoX]

Oh boy, here come the charts again.  

My personal fav.

[deluxeCITY]

We have reached the first sell off 



After this rockets are ready for moon lift off 

If I had a bitcoin for every time I seen this chart posted I'd be richer then satoshi but I do have to agree with you. Bears will be trapped good soon.