Market has peaked, sell off incoming.

[Chang Hum]

I think bitcoin will drop to around the 50 dollar mark on the gox announcement

FUD

Where is any real information on this? Got a link?

https://www.facebook.com/MtGox
https://bitcointalk.org/index.php?board=85.0
https://bitcointalk.org/index.php?topic=263627.msg2819309#new
https://bitcointalk.org/index.php?topic=179586.0
https://bitcointalk.org/index.php?topic=189977.0

Dear Valued comment maker,

Thank you for contacting me regarding your information request.

I've provided some links but due to a change in my artwork department I'm currently experiencing a back-log whilst trying to draw people a fucking picture to spell out the obvious.

I'm working hard to increase the speeds of my artwork, but there is approximately a two-week back-log I need to overcome which has now been going on for four months.

It will take a few weeks to get back to normal, and I thank you for your patience during this time.

Again, I apologize for the delay and will contact you once I've drawn you a fucking picture.

Please don't try and chase up this email when you start to realize you're never going to get the fucking picture, as I will copy and paste this same email by way of reply.

Best regards,

[vokain]

 pleeeease kraken, coinsetter, coinlab, et. al., fill the void before gox goes down!!

in related news, why did mtgox never follow through on their deal with coinlab?

[Chang Hum]

pleeeease kraken, coinsetter, coinlab, et. al., fill the void before gox goes down!!

in related news, why did mtgox never follow through on their deal with coinlab?

There's a widespread rumor that they wanted to but Kapeles had to hand over the USD banking pages from his Filofax and unfortunately due to an incident regarding a coffee spill the pages became illegible hence the reason for reneging on the agreement and the recent delays on USD withdrawals.

@joe2012. Yes!!! www.blogspot.com/kapelescoffeeshockwithdrawalnightmare 

[vokain]

pleeeease kraken, coinsetter, coinlab, et. al., fill the void before gox goes down!!

in related news, why did mtgox never follow through on their deal with coinlab?

There's a widespread rumor that they wanted to but Kapeles had to hand over the USD banking pages from his Filofax and unfortunately due to an incident regarding a coffee spill the pages became illegible hence the reason for reneging on the agreement and the recent delays on USD withdrawals.

@joe2012. Yes!!! www.blogspot.com/kapelescoffeeshockwithdrawalnightmare 

 

[grabble]

So Grabble, which saturday were you talking about exactly?
You must feel pretty goddamn stupid right now i assume and in the future you will think twice about postings predictions as a fact, right?

Also since you were so sure about this big sell off i take it you sold all your Bitcoins yesterday to be ahead of the big drop?
Please confirm.

I sold all of my coins at $96.70 and bought back in around $94.

The drop wasn't as big as I had thought, I don't feel stupid though. I'm still working on magnitude but I've got direction down.

[grabble]

Also you'll see I pegged Sunday/Monday - I'm working on Tuesday and Wednesday right now. Thursday is not looking so good though, looks like another dip. Won't really know until later today when I can get my hands on more data. We could start seeing a dip as early as Wednesday.

[RodeoX]

Also you'll see I pegged Sunday/Monday - I'm working on Tuesday and Wednesday right now. Thursday is not looking so good though, looks like another dip. Won't really know until later today when I can get my hands on more data. We could start seeing a dip as early as Wednesday.

Maybe I'm misreading, but how did you "peg" it? The market did not peak and rather than a sell off, the price of a bitcoin has gone up.

[yayayo]

The market seems to be stabilizing. Anything above $ 100 is bullish. However I don't think we will see a true uptrend yet. Needs 3-4 more months I think.

ya.ya.yo!

[notme]

~ $92.50 then we run for $104

Well the bears disappoint slightly, but the correction bottomed at $93 and then wave 1 of 3 of 3 off the $65 bottom is probably finished at $99.9.  Now we have a small corrective wave followed by 3 of 3 of 3.  Students of Elliot Wave know what that means.  

Bears underperform again.  Wave 1 extended to finish at $102.85.  Corrective wave 2 of 3 of 3 is nearing completion and then we well have our 3/3/3 off the $65 bottom.

[vokain]

~ $92.50 then we run for $104

Well the bears disappoint slightly, but the correction bottomed at $93 and then wave 1 of 3 of 3 off the $65 bottom is probably finished at $99.9.  Now we have a small corrective wave followed by 3 of 3 of 3.  Students of Elliot Wave know what that means.  

Bears underperform again.  Wave 1 extended to finish at $102.85.  Corrective wave 2 of 3 of 3 is nearing completion and then we well have our 3/3/3 off the $65 bottom.

I'm a visual learner....

[notme]

~ $92.50 then we run for $104

Well the bears disappoint slightly, but the correction bottomed at $93 and then wave 1 of 3 of 3 off the $65 bottom is probably finished at $99.9.  Now we have a small corrective wave followed by 3 of 3 of 3.  Students of Elliot Wave know what that means.  

Bears underperform again.  Wave 1 extended to finish at $102.85.  Corrective wave 2 of 3 of 3 is nearing completion and then we well have our 3/3/3 off the $65 bottom.

I'm a visual learner....

[notme]

[vokain]

thank you 

[notme]

https://en.wikipedia.org/wiki/Elliott_wave_principle#Elliott_Wave_personality_and_characteristics

Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.

[Chang Hum]

While MTgox has withdrawal problems the price is going to stay artificial high, and possibly bubble slightly as people use alternative means to cash out. (by buying bitcoins from Gox, pushing price higher and selling on other exchanges)

[gog1]

While MTgox has withdrawal problems the price is going to stay artificial high, and possibly bubble slightly as people use alternative means to cash out. (by buying bitcoins from Gox, pushing price higher and selling on other exchanges)

That happened before when gox reached 115 briefly a few weeks ago while other exchange were hovering below 100.  However, exchange rate at other exchanges are also rising this time around.

[Chang Hum]

While MTgox has withdrawal problems the price is going to stay artificial high, and possibly bubble slightly as people use alternative means to cash out. (by buying bitcoins from Gox, pushing price higher and selling on other exchanges)

That happened before when gox reached 115 briefly a few weeks ago while other exchange were hovering below 100.  However, exchange rate at other exchanges are also rising this time around.

Yeah I think they stay slightly pegged to each other, most people seeing coins priced $15 higher on another exchange will take that as a clear buying signal.

[vokain]

notme do you have a chart of your wavecount that covers the beginning and end of the 2013 bubble?

i'm curious of what the bullish count of the rise of 2013 looks like.

[notme]

notme do you have a chart of your wavecount that covers the beginning and end of the 2013 bubble?

Wave 1 ended ~ $32, wave 2 ended at ~ $2, wave 3 ended at ~ $266, Wave 4 ended at $65.  We are beginning wave 5.

[vokain]

effing fractal layers.

so, could your current counts for the I-II-III waves (in july) possibly be an ABC corrective trend of the bear 5-wave count changing trends into a new bull wave I? I  emphasize possibly, I do agree with your wave III count considering the market psychology