Yet another analyst :)

[Rampion]

Lucif went all in at $80ish, but he is not telling

[smoothie]

Lucif went all in at $80ish, but he is not telling

All in or all out?

[Viceroy]

now come on, you know he was all out at $240+.  Any update molecular?  (edit: yes - one hour spread is $93)

[Theraty]

Taken from a cam I secretly posted in Lucif's room. I took the liberty of editing the film to capture the moment as the triangle broke upwards:

LOL

Whats the video address that you showed her?

[BrightAnarchist]

Just hit 90% bulls on the spx futures - insane!

Last time we hit this number we fell 20% in the following weeks/months

Positive seasonals are over as of today. This market could strech more of course, but it's hitting historically overbought levels on multiple time frames

Thinking all the banks and hedge funds are just blowing up this bubble on momentum plays with newly minted fed money. What a sham. It will end very badly, the big question is when

Yep. Another fun fact is that the cash:equity ratio held by mutual and hedge funds is nearing or at record low levels (similar to the 2000 & 2007 top). All those who believe we're in a continuation of a major bull market on par with the 90s are forgetting or dismissing the fact that cash levels were at extreme highs during this time period.

Basically, unless "this time is different" (and it rarely is), a lot of people are about to lose a lot on money once this supposedly unstoppable stock market rally turns.

Just hit 92% bulls today! That's it - this is a MAJOR top forming. Crazy.

[lucif]

On this line break I got all my major indicators red. Bad sign.

[Rampion]

On this line break I got all my major indicators red. Bad sign.

Bad signs means we are going up?

[old_engineer]

There were a couple of buys worth close to $1M, the exchange rate is up $3 USD in the past 24 hours, $112 to $115, and this somehow broke your down trendline?  It would also have to hit $130 by Wednesday to stay above your line.  That's an expectation of phenomenal growth, and failure to adhere to this growth doesn't seem ominous to me, it seems healthy.

And while I'm at it, what I don't get about TA is the insistence on straight lines, y=mx+b, rather than parabolas of some kind.  The price of bitcoin has been an almost perfect graph of damped oscillations, like this:


... which is a sinusoidal curve, bracketed by curves, yet all the TAs apparently use straight lines.  Perhaps straight lines are used because they're easy to draw?

[phazedoubt]

There were a couple of buys worth close to $1M, the exchange rate is up $3 USD in the past 24 hours, $112 to $115, and this somehow broke your down trendline?  It would also have to hit $130 by Wednesday to stay above your line.  That's an expectation of phenomenal growth, and failure to adhere to this growth doesn't seem ominous to me, it seems healthy.

And while I'm at it, what I don't get about TA is the insistence on straight lines, y=mx+b, rather than parabolas of some kind.  The price of bitcoin has been an almost perfect graph of damped oscillations, like this:
http://beltoforion.de/pendulum_revisited/Damped_oscillation_graph2.png

... which is a sinusoidal curve, bracketed by curves, yet all the TAs apparently use straight lines.  Perhaps straight lines are used because they're easy to draw?

Probably because slope intercept is much more prominent in standard chart analysis.  I see a lot of sinusoidal curves in penny stock...

[lucif]

Bear flag possible, my all indicators are red.

[XXthetimeisnowXX]

my TA and research we will dip down in the short...like a few days sat sun maybe mon and tues. but then it will break hard up. ten to twenty dollar jump in one or two days. then a few little swings but ultamatly land in the high 120s, low 130s.  this is not a random speculation but a well researched and highly probable outcome.

prove me wrong. or just wait a few days.

[samson]

Someone posted this image in an IRC channel.

[molecular]

prove me wrong. or just wait a few days.

I don't see any way of proving you wrong except waiting a few days.

[samson]

my TA and research we will dip down in the short...like a few days sat sun maybe mon and tues. but then it will break hard up. ten to twenty dollar jump in one or two days. then a few little swings but ultamatly land in the high 120s, low 130s.  this is not a random speculation but a well researched and highly probable outcome.

prove me wrong. or just wait a few days.

Lets wait and see, it's only a few days away right. The moves you're talking about here are pretty normal for Bitcoin these days.

[S3052]

yes, bitcoin volatility is often equal to penny stocks, but this is not a bad thing per se :-)

[molecular]

my TA and research we will dip down in the short...like a few days sat sun maybe mon and tues. but then it will break hard up. ten to twenty dollar jump in one or two days. then a few little swings but ultamatly land in the high 120s, low 130s.  this is not a random speculation but a well researched and highly probable outcome.

prove me wrong. or just wait a few days.

Lets wait and see, it's only a few days away right. The moves you're talking about here are pretty normal for Bitcoin these days.

I think what he describes is a very possible development. However it would be much more entertaining and educational if he showed is actual "TA and research".

At least show us a hash of it.

[Theraty]

my TA and research we will dip down in the short...like a few days sat sun maybe mon and tues. but then it will break hard up. ten to twenty dollar jump in one or two days. then a few little swings but ultamatly land in the high 120s, low 130s.  this is not a random speculation but a well researched and highly probable outcome.

prove me wrong. or just wait a few days.

What research do you base your estimates on?

[siulynot]

Lucif! congratulations! DHS made your request real

Welcome to Mtgox's doom beartrend.

Fasten your seatbelts for a tectonic shift in bitcoin economy. :p

[lucif]

Yeah, I remember how Bitpay CEO was curious what type of money transfer license required to process bitcoin payments. Hehe. As he also doesn't have one.

[samson]

Yeah, I remember how Bitpay CEO was curious what type of money transfer license required to process bitcoin payments. Hehe. As he also doesn't have one.

Really ? How long ago was that ?