Yet another analyst :)

[lucif]

As long as hourly sma50 tanks - its okay with short term uptrend

[lucif]

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.

[zkay]

Awesome. Funny that you posted at that moment, I was about to ask for updates. Where do you think it will correct to?

[lucif]

There are a lot of tools and strategies to determine correction. One of them - fibo retracements. If we dont deal with mid-term reversal it may hit at around 61.8% (~$75). But $75 is realy the edge of danger for bulls.

[lucif]

$75 is dangeroud because it is below weighted deviations. This rally from $13 never broke bottom blue deviation line.

[BrightAnarchist]

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.

[zkay]

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.

[BrightAnarchist]

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

[zkay]

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

Ah, interesting. When you say top, do you mean another hefty correction, and the price will continue (more slowly) upward? Or the market is going to reverse and there will be downward pressure for weeks/months?

[BrightAnarchist]

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

Ah, interesting. When you say top, do you mean another hefty correction, and the price will continue (more slowly) upward? Or the market is going to reverse and there will be downward pressure for weeks/months?

A pretty big correction. After that I don't know

[zkay]

Fair enough. What do you have to say to the people saying we've been tracking BTC China and that the price is going to gap up to at or near where they are? $140ish currently, I think.

[siulynot]

Market is in crazy mode right now...

[Bimmerhead]

Market is in crazy mode right now...

I thought BTC market was crazy.  Then I checked LTC market. 

[lucif]

[BitPirate]

Fair enough. What do you have to say to the people saying we've been tracking BTC China and that the price is going to gap up to at or near where they are? $140ish currently, I think.

BTC China usually tracks Gox (but a few $ higher), but has got ahead of itself. Just because the absolute value on BTCChina is higher, it does not mean Gox is following it.

However, there is no evidence that this is a top. Lines prove nothing.

[siulynot]

Market is in crazy mode right now...

I thought BTC market was crazy.  Then I checked LTC market. 

lol

Thanks to litecoin i have my summer vacations covered :p

[ThickAsThieves]

You guys need to bull up.

[Bimmerhead]

Somewhere netween $120 and $2000. Maybe between 380 and 620.

Anyway, these words costs nothing if market enters unpredictable mode out of counts.

I'm pretty inexperienced at EW.  Can you give us a little more details as to why 380-620 looked possible yesterday, but tonight you think we may be topping?

[lucif]

Hr adx above 80 is outstanding. That was at 50
http://bitcoincharts.com/charts/mtgoxUSD#rg30zigHourlyztgSzbgBza1gSMAzm1g200za2gSMAzm2g50zxzi1gMACDzi2gRSIzi3gADXzi4gSStochzv

[lucif]

And -Dl is about zero. Haha! Fucking awesome!