Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?

[S3052]

What a rally, it seems to accelerate even further again

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[smoothie]

What a rally, it seems to accelerate even further again

Yes it seems to be creating a slow and steady rise in a parabolic nature. Not rising too fast like last year.

[S3052]

What a rally, it seems to accelerate even further again

Yes it seems to be creating a slow and steady rise in a parabolic nature. Not rising too fast like last year.

You are right overall, but as we are likely in wave III up, the advance will accelerate more and more in a parabolic / exponential way.

[smoothie]

What a rally, it seems to accelerate even further again

Yes it seems to be creating a slow and steady rise in a parabolic nature. Not rising too fast like last year.

You are right overall, but as we are likely in wave III up, the advance will accelerate more and more in a parabolic / exponential way.

i agree...shorter periods of time with more price movement.

very interesting times.

[S3052]

What a rally, it seems to accelerate even further again

Yes it seems to be creating a slow and steady rise in a parabolic nature. Not rising too fast like last year.

You are right overall, but as we are likely in wave III up, the advance will accelerate more and more in a parabolic / exponential way.

i agree...shorter periods of time with more price movement.

very interesting times.

indeed... quite exciting

[S3052]

shorted AAPL at 636.93 $ today. Stop is 645 (small risk, big opportunity)

Let's see if this call is as good as the SBUX short call a few days ago

[cypherdoc]

shorted AAPL at 636.93 $ today. Stop is 645 (small risk, big opportunity)

Let's see if this call is as good as the SBUX short call a few days ago

i think this is a good call.

[dancupid]

as many people are speculating about this, I did a comparison of current bitcoin charts in 2012 versus the 2011 ramp up to the all time high:http://bit.ly/qJDsYw

You're comparing a linear chart for now with a logarithmic from last year - there is no breakout yet on the current log chart (looks to be about $20+ depending on the time it happens).
I accept that the linear breakout is also significant, but it really needs to happen on the log scale for me to get excited/worried.

[S3052]

as many people are speculating about this, I did a comparison of current bitcoin charts in 2012 versus the 2011 ramp up to the all time high:http://bit.ly/qJDsYw

You're comparing a linear chart for now with a logarithmic from last year - there is no breakout yet on the current log chart (looks to be about $20+ depending on the time it happens).
I accept that the linear breakout is also significant, but it really needs to happen on the log scale for me to get excited/worried.

that's a fair comment.
We can tackle this one by one:
1) the linear breakout is confirmed.
2) we can watch what prices do when they reach 20 to determine if and when a breakout of the log channel would happen.

In the meanwhile 20 might be reached soon if this accelerated rally continues.

[zby]

OK - now in the poll we have over 50% of bulls - this is clearly the fifth wave.

[S3052]

The poll is reset again. Vote now so that we can see what the latest sentiment picture is.

[dree12]

The poll is reset again. Vote now so that we can see what the latest sentiment picture is.

I find it interesting that every time, the sentiment is bullish (except during that 2011 slide, where it was even).

[S3052]

The poll is reset again. Vote now so that we can see what the latest sentiment picture is.

I find it interesting that every time, the sentiment is bullish (except during that 2011 slide, where it was even).

This is not unusual in a bull market.

[S3052]

this is more and more fun to watch, how the bears chase the bulls.

next mark to fall is 15 $

I start to wonder if we see 20 $ in the next hours / few days

[Jointops420]

Mtgox is probably bogged down with wires incoming at the moment, so $20 is probable.

[Dansker]

Last price suddenly $ 13 though, down from +15.

[smoothie]

this is more and more fun to watch, how the bears chase the bulls.

next mark to fall is 15 $

I start to wonder if we see 20 $ in the next hours / few days

Did you post this before or after the price fall to $10.60?

Price rebounded nicely as I anticipated.

CHEAP COINS!

[notme]

this is more and more fun to watch, how the bears chase the bulls.

next mark to fall is 15 $

I start to wonder if we see 20 $ in the next hours / few days

Did you post this before or after the price fall to $10.60?

Price rebounded nicely as I anticipated.

CHEAP COINS!

Before, but just so you know all posts have timestamps.

[S3052]

this is more and more fun to watch, how the bears chase the bulls.

next mark to fall is 15 $

I start to wonder if we see 20 $ in the next hours / few days

Did you post this before or after the price fall to $10.60?

Price rebounded nicely as I anticipated.

CHEAP COINS!

yes, posted before the fall. price was in the 14s when I posted it, then prices broke 15 $ as anticipated.

now we have seen a shakeout of the weak hands, typical in bull markets/color]

[oakpacific]

this is more and more fun to watch, how the bears chase the bulls.

next mark to fall is 15 $

I start to wonder if we see 20 $ in the next hours / few days

Did you post this before or after the price fall to $10.60?

Price rebounded nicely as I anticipated.

CHEAP COINS!

yes, posted before the fall. price was in the 14s when I posted it, then prices broke 15 $ as anticipated.

now we have seen a shakeout of the weak hands, typical in bull markets/color]

And the same thing actually happened quite a few times before the Jun 2011 peak.