Yet another analyst :)

[lebing]

Count #2

If we were to extrapolate this out, what would the bull target look like if this came true?

[PrymeTyme]

Flag

[lebing]

Looks like its coiling again for another big move. Question is which direction? If the trend has indeed shifted from the reversal (as I predicted), the move should be up.

[Kazu]

Looks like its coiling again for another big move. Question is which direction? If the trend has indeed shifted from the reversal (as I predicted), the move should be up.

I think we might have to wait for a long time for a big move. Sunday at the earliest IMO.

[ThickAsThieves]

Short run up, then a deep run down.

[And1]

Daily SAR look really bad.
MACD, RSI look bad too.


Also it so far looks like repetition from last time.
(Not saying it will repeat)

[RyNinDaCleM]

Short run up, then a deep run down.

This is very likely!

Daily SAR look really bad.
MACD, RSI look bad too.

If the Daily RSI bounces off 50 (which it very well could), we will see a rise into the mid-upper 100's to retest the previous triangle apex ~$180 then a drop off similar to the drop before Gox halted trading.

If the RSI drops below 40, it's lights out and we will be retesting $55 and possibly $32


Edit It crossed 50! Lets see if it closes below

[And1]

49

[XXthetimeisnowXX]

Flag

That flag looks too convincing for it to be just a drop off and good buy, I think that we will see the reset at about 140-160. then only three or four months of moderate gains until the ath is broke.

lucif back in the game at fifty is a damn smart player and IMO he is good luck to BTC. Thanks lucit

[ThickAsThieves]

http://bitcoin.clarkmoody.com/    TIMBERRRRRRRRRRRR!

[lucif]

In a day when mtgox and Bitpay become bankrupt I will drink 500 ml Vodka at once and go dance in night club.

I wish them long and painful death for business approach, for lag, for artificial price push up, for money laundering for butterflies, for their fees.

[lucif]

If they continue turn on their lag when people want to cashout, they will loose  liquidity. However... Do they have enough fiat to handle mass cashout?[conspiracy!]

[M4v3R]

If they continue turn on their lag when people want to cashout, they will loose  liquidity. However... Do they have enough fiat to handle mass cashout?[conspiracy!]

Unless they've spent it all on beer and hookers they are sitting on stockpiles of cash. In last few weeks they've earned shitload of money, literally. About 600K USD in last week only in fees (and that's a conservative figure, based on 0.3% fee).

[lucif]

Yeah, looks like liposuction for Tux was expensive

[ForceField]

Just stumbled upon this thread.

lucif, what is your opinion about this prediction?

[lucif]

Just stumbled upon this thread.

lucif, what is your opinion about this prediction?

Compare to Jun 2011 isn't right because there are different waves. That was wave 1 and now wave 3. Wave 1 (and 2) behavior is very different from 3 and 4.

If I did compare, i'd better compared this bubble with Aug 2012 events. There also was wave 3.

[ElectricMucus]

Just stumbled upon this thread.

lucif, what is your opinion about this prediction?

Compare to Jun 2011 isn't right because there are different waves. That was wave 1 and now wave 3. Wave 1 (and 2) behavior is very different from 3 and 4.

If I did compare, i'd better compared this bubble with Aug 2012 events. There also was wave 3.

Could still have been wave 5.

[lucif]

Everything could be. Stay tuned to here and now. Don't compare.

[Jaques]

Everything could be. Stay tuned to here and now. Don't compare.

this

[arepo]

Changed your mind arepo ? What was wrong with your analysis ?

lucif, how do you distinguish today's activity between your bearish flag and a bullish pennant (from the $50 low) ?

didn't 'change my mind'. i identified what i thought was a bearish pennant in the PVT, only realizing after i had drawn it (and posted it), that it was an ambiguous shape that might just be a smaller bull flag, as mentioned elsewhere in this thread.