Yet another analyst :)

[Frozenlock]

What is the purple line?

[1714796394]

1714796394

[1714796394]

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[1714796394]

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[1714796394]

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[1714796394]

1714796394

[lucif]

Daily sma20, middle of BB

[arepo]

Anybody who realized just now this is really a bubble and 50 wasn't the bottom.

again, how can the bubble model account for the minibull to $160? nothing like this happened in June '11.

--arepo

[ElectricMucus]

Anybody who realized just now this is really a bubble and 50 wasn't the bottom.

again, how can the bubble model account for the minibull to $160? nothing like this happened in June '11.

--arepo

The infamous anatomy of a bubble chart calls this Return to "normal"

[lucif]

One of daily candidates

[N12]

Anybody who realized just now this is really a bubble and 50 wasn't the bottom.

again, how can the bubble model account for the minibull to $160? nothing like this happened in June '11.

--arepo

http://www.sierrachart.com/image.php?l=1367088631988.png

Normal retrace after a brutal 80% move within 3 days. I would've been surprised if it didn't at least bounce back to over 100.

[lucif]

Another, more brutal candidate

[Frozenlock]

Are you pointing at $40 as a bottom, or do you simply not have the space to go further down? 

[arepo]

Anybody who realized just now this is really a bubble and 50 wasn't the bottom.

again, how can the bubble model account for the minibull to $160? nothing like this happened in June '11.

--arepo

The infamous anatomy of a bubble chart calls this Return to "normal"

i don't buy it.



looks more like 'final capitulation' to me, and a really bullish one at that. the market bottom is right now, and everyone's terrified on the sidelines. remember "bitcoin never crashes below its previous high?" that support at $120 is stronger than what's on the order book.

[lucif]

Actually, it may go to 31.8 in its progress, but should not touch it. Or everything will be really bad.

[arepo]

Another, more brutal candidate

hey lucif, did you ever figure out why you were a bear during the biggest bitcoin rally ever, yet? did you make the appropriate adjustments to your methods?

[N12]

Come back when Bitcoin manages to stay above 185. Don't be bothered by the noise. Again:

[lucif]

In this image there is yellow line, middle of BB

Here is it (purple)

[ElectricMucus]

Anybody who realized just now this is really a bubble and 50 wasn't the bottom.

again, how can the bubble model account for the minibull to $160? nothing like this happened in June '11.

--arepo

The infamous anatomy of a bubble chart calls this Return to "normal"

i don't buy it.



looks more like 'final capitulation' to me, and a really bullish one at that. the market bottom is right now, and everyone's terrified on the sidelines. remember "bitcoin never crashes below its previous high?" that support at $120 is stronger than what's on the order book.

Look at the timescales involved. We barely tanked to the point of where hyperbolic growth started. And press interest & Google trends hasn't followed the price this time.

But I don't really care not that anybody accuses me of trying to talk the price down, for all I care we can go up past 266 and reach quadruple digits this year. But if that actually happens we are in for a even harder smackdown afterwards.

[SAQ]

All this is long term. What about short term, like today, this week, this month.

[ElectricMucus]

All this is long term. What about short term, like today, this week, this month.

There are only 3 days left this month

But the long term picture should be decided in the next 20 days or so I think.

[arepo]

Look at the timescales involved. We barely tanked to the point of where hyperbolic growth started. And press interest & Google trends hasn't followed the price this time.

i stand by the determination that this pattern isn't just a bubble. we were riding an incredibly strong rally, if everyone can just put their despair aside for a second. look at the timescales involved in the June '11 pattern -- we're way off track. this is something completely different.

not saying that it immediately follows that we should go up, but all this bubble talk is getting old as we've long broken that pattern. and it's not just "it's different this time", it's more "it doesn't even look like a bubble anymore".

we retraced 80% in about three days -- wtf was that? more like a massive market correction. i think the market is becoming more efficient. from what i gather, most of the weak hands were shook out already or else we wouldn't have made it to $160 in the first place.

--arepo

[siulynot]

Look at the timescales involved. We barely tanked to the point of where hyperbolic growth started. And press interest & Google trends hasn't followed the price this time.

i stand by the determination that this pattern isn't just a bubble. we were riding an incredibly strong rally, if everyone can just put their despair aside for a second. look at the timescales involved in the June '11 pattern -- we're way off track. this is something completely different.

not saying that it immediately follows that we should go up, but all this bubble talk is getting old as we've long broken that pattern. and it's not just "it's different this time", it's more "it doesn't even look like a bubble anymore".

we retraced 80% in about three days -- wtf was that? more like a massive market correction. i think the market is becoming more efficient. from what i gather, most of the weak hands were shook out already or else we wouldn't have made it to $160 in the first place.

--arepo

I feel ya brothe... keep it up... you are strong. ;p

[starsoccer9]

just saying, yay 100 pages almost lol

[lebing]

Look at the timescales involved. We barely tanked to the point of where hyperbolic growth started. And press interest & Google trends hasn't followed the price this time.

i stand by the determination that this pattern isn't just a bubble. we were riding an incredibly strong rally, if everyone can just put their despair aside for a second. look at the timescales involved in the June '11 pattern -- we're way off track. this is something completely different.

not saying that it immediately follows that we should go up, but all this bubble talk is getting old as we've long broken that pattern. and it's not just "it's different this time", it's more "it doesn't even look like a bubble anymore".

we retraced 80% in about three days -- wtf was that? more like a massive market correction. i think the market is becoming more efficient. from what i gather, most of the weak hands were shook out already or else we wouldn't have made it to $160 in the first place.

--arepo

Indeed.

Greed is a hell of a drug though.