Yet another analyst :)

[siulynot]

Upper daily bollinger providing strong parabolic-acceleration support. $100 should not be strong resistance here IMO.

Well its closed above daily BB again. This means futher acceleration. We may hit 100 and above in few days.

ACCELERATE GOD DAMN IT!!!!!!        

[surya]

http://www.bigtrends.com/wp-content/uploads/2012/01/Bubble-Phases.png

It's all about the entry and exit point.

IMHO Bitcoin could be the future of money, but when the bids dry up, and miners / hoarders sell, the price will fall until it stabilizes itself at some level.
It's not different than other limited commodity, let's just look at the 50 year charts of gold or silver. As long as there is high interest, the price will rise,
and of course it will overextend itself at some point. When the buying interest ceases, it will fall.

Not to zero, as it has various applications and uses, but does a monthly transaction value of 2 mio. justify a valuation of around 1000 mio.?
Yes, if it gets adopted widely by commerce and it's use doesn't get restricted by governments. But not at the moment.

I still believe in it, because it liberates us from the governmental theft of our wealth through inflation.

(BTW: I had 86% of my money in it until 1 hour ago. Maybe I sold too early, but better safe than sorry. Now just 5% left in bitcoin, as I feel it's getting too hot for me. Buy the rumor, sell the news.
Seeing it on the main establishment controlled newschannels now makes me nervous. But anyway: Thank you Bitcoin for liberating me in enabling me to leave my job in just 1 more year)

http://www.marketoracle.co.uk/Article5818.html

http://www.marketoracle.co.uk/images/2008/parabolic-collapses-aug08_image009.gif

Enjoy,

[BrightAnarchist]

.
IMHO Bitcoin could be the future of money, but when the bids dry up, and miners / hoarders sell, the price will fall until it stabilizes itself at some level.
It's not different than other limited commodity, let's just look at the 50 year charts of gold or silver. As long as there is high interest, the price will rise,
and of course it will overextend itself at some point. When the buying interest ceases, it will fall.

Not to zero, as it has various applications and uses, but does a monthly transaction value of 2 mio. justify a valuation of around 1000 mio.?
Yes, if it gets adopted widely by commerce and it's use doesn't get restricted by governments. But not at the moment.

I still believe in it, because it liberates us from the governmental theft of our wealth through inflation.

(BTW: ... Buy the rumor, sell the news.
Seeing it on the main establishment controlled newschannels now makes me nervous...)

Exactly.

[lucif]

If $75 will hold, bullish picture in act. But we have a short term correction.

[siulynot]

If $75 will hold, bullish picture in act. But we have a short term correction.

Im thinking $75 should be alright.

[BrightAnarchist]

If $75 will hold, bullish picture in act. But we have a short term correction.

Im thinking $75 should be alright.

Nothing to see here - just a wave 4.

Although this means we're getting close to the end now. We need one more fifth wave up to new highs -> then the big clapooie.

[lucif]

yes, 4. until it didn't touch $74.9

[lucif]

Actually I dont like this shit not going to return in middle or above blue zone (like before). This may tell that zigzag or even impulse still in act.



The crazy bull blue channel has been damaged. But count didnt so far. In a case bearish zigzag or impulse in act, count probably will be damaged and reviewed ($74.9 should not be touched to hold it).

[siulynot]

Actually I dont like this shit not going to return in middle or above blue zone (like before). This may tell that zigzag or even impulse still in act.



The crazy bull blue channel has been damaged. But count didnt so far. In a case bearish zigzag or impulse in act, count probably will be damaged and reviewed ($74.9 should not be touched to hold it).

Now that 4 sure makes a stab at the 1... i think, to be optimist l, that we had a i and a ii of 3.

[myself]

if your 4 gets on price zone of 1 that 4 is a sub wave and is a minor wave 2

[BrightAnarchist]

if your 4 gets on price zone of 1 that 4 is a sub wave and is a minor wave 2

Correct. It didn't quite make it. It hit a low of $75 and change, whereas the top of wave 1 was $74.9

So it's still a valid count, but it's a close call. I still would count it as a 4.

[ATC777]

I think it may sink below $70 tonight, and then it's ooooonnnnn! 

[smoothie]

I think it may sink below $70 tonight, and then it's ooooonnnnn! 

Good luck with that lol.

[ATC777]

I think it may sink below $70 tonight, and then it's ooooonnnnn! 

Good luck with that lol.

Thanks, smoothie. 

[BitPirate]

I think it may sink below $70 tonight, and then it's ooooonnnnn! 

Good luck with that lol.

Thanks, smoothie. 

Don't know about you -- but I was quite jittery going into Thursday; I took some profits at $90 and missed out on the top, but then was able to re-buy in at the bottom. The market responded very well to what was clearly an organised assault by people speculating in LTC.

Before I thought we were starting to look shaky at $90; however given the jump back up, just prior to what was looking like a shaky long weekend with weak buying pressure, I think we look much stronger. The floor is much higher and stronger than expected, and I think we will now have a sideways correction at this level for a few days as confidence fully returns.

[siulynot]

I think it may sink below $70 tonight, and then it's ooooonnnnn! 

Good luck with that lol.

Thanks, smoothie. 

Don't know about you -- but I was quite jittery going into Thursday; I took some profits at $90 and missed out on the top, but then was able to re-buy in at the bottom. The market responded very well to what was clearly an organised assault by people speculating in LTC.

Before I thought we were starting to look shaky at $90; however given the jump back up, just prior to what was looking like a shaky long weekend with weak buying pressure, I think we look much stronger. The floor is much higher and stronger than expected, and I think we will now have a sideways correction at this level for a few days as confidence fully returns.

Organized assault on people speculating on LTC? WTF! Do you have any idea on how stupid that sounds?

[molecular]

I think it may sink below $70 tonight, and then it's ooooonnnnn! 

Good luck with that lol.

Thanks, smoothie. 

Don't know about you -- but I was quite jittery going into Thursday; I took some profits at $90 and missed out on the top, but then was able to re-buy in at the bottom. The market responded very well to what was clearly an organised assault by people speculating in LTC.

Before I thought we were starting to look shaky at $90; however given the jump back up, just prior to what was looking like a shaky long weekend with weak buying pressure, I think we look much stronger. The floor is much higher and stronger than expected, and I think we will now have a sideways correction at this level for a few days as confidence fully returns.

Organized assault on people speculating on LTC? WTF! Do you have any idea on how stupid that sounds?

Organized assault actually makes sense. Slam-down was coordinated with ddos on mtgox and other exchanges. The thing about LTC I don't understand.

[BitPirate]

I think it may sink below $70 tonight, and then it's ooooonnnnn!  

Good luck with that lol.

Thanks, smoothie.  

Don't know about you -- but I was quite jittery going into Thursday; I took some profits at $90 and missed out on the top, but then was able to re-buy in at the bottom. The market responded very well to what was clearly an organised assault by people speculating in LTC.

Before I thought we were starting to look shaky at $90; however given the jump back up, just prior to what was looking like a shaky long weekend with weak buying pressure, I think we look much stronger. The floor is much higher and stronger than expected, and I think we will now have a sideways correction at this level for a few days as confidence fully returns.

Organized assault on people speculating on LTC? WTF! Do you have any idea on how stupid that sounds?

A DDOS on Mt Gox and other exchanges commenced before the sell-off began. LTC:BTC began rising significantly a few hours before the sell-off began. There are a few other posts here about it -- someone else reported this on Twitter too. Seems quite plausible to me.

EDIT: Here you go: http://www.btcanalyst.com/2013/03/someone-did-something-p.html

Of course it may just be a coincidence, but it fits. It sounds a lot less ridiculous than saying "the price reached an arbitrary line drawn on my chart so it crashed". However, I do agree that the timing was perfect.

[siulynot]

I think it may sink below $70 tonight, and then it's ooooonnnnn!  

Good luck with that lol.

Thanks, smoothie.  

Don't know about you -- but I was quite jittery going into Thursday; I took some profits at $90 and missed out on the top, but then was able to re-buy in at the bottom. The market responded very well to what was clearly an organised assault by people speculating in LTC.

Before I thought we were starting to look shaky at $90; however given the jump back up, just prior to what was looking like a shaky long weekend with weak buying pressure, I think we look much stronger. The floor is much higher and stronger than expected, and I think we will now have a sideways correction at this level for a few days as confidence fully returns.

Organized assault on people speculating on LTC? WTF! Do you have any idea on how stupid that sounds?

A DDOS on Mt Gox and other exchanges commenced before the sell-off began. LTC:BTC began rising significantly a few hours before the sell-off began. There are a few other posts here about it -- someone else reported this on Twitter too. Seems quite plausible to me.

EDIT: Here you go: http://www.btcanalyst.com/2013/03/someone-did-something-p.html

Of course it may just be a coincidence, but it fits. It sounds a lot less ridiculous than saying "the price reached an arbitrary line drawn on my chart so it crashed". However, I do agree that the timing was perfect.

Right now the one showing arbitrary lines in a chart is you, but there is no problem with that. i think.

LTC has always moved in the contrary direction BTC moves. It has been like that for sometime right now and i can show you a dozen times where this has happened.

The part that is VERY different is volume. LTC has a LOT less volume than btc has so the move that brought btc down, would have done a skyrocket in ltc much bigger than a few cents difference.

For btc on the other hand, it has always done the weekend dips. With ddos or no ddos, every weekend there is a dip, small or big. Recently the weekend dips have become stronger, i think because there are a lot of early adopters and because there have been so much rise that it has become more suseptible to this.

Most importantly you gotta understand that this dips are what will keep the price going up. Its as normal as the big dip will be. Its kind up stupid to think that corrections are part of a conspiracy of some kind... seriously, this so topish that it makes me lol. But what the hell... "ltc speculation is the cause for.the dips", as if btc wasnt speculation in itself... lol

[lucif]

[4] so far. Currently retesting lost blue trend. According to its behavior, we may probably get some sort of triangle.