Today is gonna be madness!

[bradbrad]

Got a feeling we are in for a ride! Just dont know if it'll be up or down, but excited anyway!

[arepo]

it's hard to say, but some fractal analysis suggests that we're going to see a quick rise to about the last high ($165), a sudden correction, and then consolidation in that range for at least the short-term.

--arepo

[Frozenlock]

it's hard to say, but some fractal analysis suggests that we're going to see a quick rise to about the last high ($165), a sudden correction, and then consolidation in that range for at least the short-term.

--arepo

Well that's quite detailed. More power to you if you nail it! 

[AmazonStuff]

We are going back to reality, just pick the flavor of reality you like.

[bradbrad]

Like I say, either way, I'm excited, just a damn shame bitstamp is down (all my coins are stuck there!)

[superduh]

volumes have been extremely LOW.
$2 purchases swing the market a million dollars either way. strange

[Krabby]

Do you guys remember bitcoin?

[notme]

volumes have been extremely LOW.
$2 purchases swing the market a million dollars either way. strange

False

Buying Bitcoin
Amount to spend in USD: $2
Estimated purchase: ฿0.01474313
Slippage: ฿0.0000000

in fact, a million USD would get you ฿7228.77413498
Slippage: ฿136.08077738

and would only take us up $5

[elebit]

some fractal analysis suggests

Is there such a thing, or is it like astrological analysis?

[massivebitman]

BOOM!!!

[arepo]

some fractal analysis suggests

Is there such a thing, or is it like astrological analysis?

not sure anyone else uses that term, it's a method i've developed myself as an alternative to Elliot Waves.

Eliot waves are a type of fractal analysis. it is analysis under the assumption that the price function exhibits self-similarity (like fractals).

[notme]

some fractal analysis suggests

Is there such a thing, or is it like astrological analysis?

“Millionaires don't use Astrology, billionaires do.”


― J.P. Morgan

[Ivanhoe]

it's hard to say, but some fractal analysis suggests that we're going to see a quick rise to about the last high ($165), a sudden correction, and then consolidation in that range for at least the short-term.

--arepo

This was excact my thought on it, but my thought was just based on feelings.

[elebit]

Eliot waves are a type of fractal analysis. it is analysis under the assumption that the price function exhibits self-similarity (like fractals).

Do you have reason to believe such self-similarity should exist and what it would look like?

[arepo]

Eliot waves are a type of fractal analysis. it is analysis under the assumption that the price function exhibits self-similarity (like fractals).

Do you have reason to believe such self-similarity should exist and what it would look like?

yes, i've cataloged quite a few shapes, the ones for which i have the most evidence being triangle formations and bubble patterns. these patterns seem to exist on every scale and have common properties across these scales.

the above outline is based on a bubble pattern atop a trend that i found in May 2011 price data. while it is not as rigorous as other methods, i have already used a fractal model with great success to anticipate the shape of this most recent movement up from and back to $120. this is the second test.

[centove]

Staring into my coffee grounds this morning tells me things will change today... Definitively change!

[superduh]

volumes have been extremely LOW.
$2 purchases swing the market a million dollars either way. strange

False

Buying Bitcoin
Amount to spend in USD: $2
Estimated purchase: ฿0.01474313
Slippage: ฿0.0000000

in fact, a million USD would get you ฿7228.77413498
Slippage: ฿136.08077738

and would only take us up $5

i wasn't referring to slippage necessarily.
i was referring to the .01/.02 orders that get executed either direction as a buy or sell just to get the price to change

[GigaCoin]

seems to rise nice and steady today, which is good. $150 - $165 range doesn't seem to difficult by Wednesday if the buying trend continues.

[mgio]

seems to rise nice and steady today, which is good. $150 - $165 range doesn't seem to difficult by Wednesday if the buying trend continues.

yes, a slow and steady rise is best because people are less likely to panic sell thinking that it's a bubble.

[notme]

volumes have been extremely LOW.
$2 purchases swing the market a million dollars either way. strange

False

Buying Bitcoin
Amount to spend in USD: $2
Estimated purchase: ฿0.01474313
Slippage: ฿0.0000000

in fact, a million USD would get you ฿7228.77413498
Slippage: ฿136.08077738

and would only take us up $5

i wasn't referring to slippage necessarily.
i was referring to the .01/.02 orders that get executed either direction as a buy or sell just to get the price to change

Those only alter the difference between weighted moving averages (which neutralize such manipulation attempts) and other forms of moving average.  It's because bitcoin has so many inexperienced traders that it has any influence at all.