The bottom is 175$

[davider]

my analysis is very simple. 

[bitleif]

I wish. But no two bubbles are the same. The "top spike" on the most recent one seems much sharper to me, which means you can't just translate the shape from one onto the other.

[davider]

You are right, it's more my wish, it is definitely not TA.
But with so many graphs I saw during these days I wanted to draw one myself. 

[jamesc760]

Nice "draw(ing)", much better than my stick-figures.

[kokojie]

You are right, it's more my wish, it is definitely not TA.
But with so many graphs I saw during these days I wanted to draw one myself. 

Your graph clearly shows the bottom is $150

[dave111223]

I doubt it will go below the previous April ATH ($250)

The April bubble never crashed below the previous 2011 bubble ATH ($32).  It's a big barrier

[damnek]

Man, we need a filter to hide all these random idiotic calls.

[GeniuSxBoY]

Man, we need a filter to hide all these random idiotic calls.

I have one, it's called a brain.

[davider]

Man, we need a filter to hide all these random idiotic calls.

Just having fun with paint, nothing serious.

[BitcoinBarrel]

People aren't going to let it go below $300 imo. Before the huge spike I was predicting $220 as the low, but there's too many people buying $500+ coins.

[reactive4ce]

I doubt it will go below the previous April ATH ($250)

The April bubble never crashed below the previous 2011 bubble ATH ($32).  It's a big barrier

But still not big crash this month (over 66% loss in one day). Under $200 is still very likely

[oda.krell]

I doubt it will go below the previous April ATH ($250)

The April bubble never crashed below the previous 2011 bubble ATH ($32).  It's a big barrier

But still not big crash this month (over 66% loss in one day). Under $200 is still very likely

I don't see sub-300 in the current atmosphere. China is about twice as high as that, and their volume currently dictates the overall impression of buying pressure.

Not saying it can't happen in the future, but some fundamental sentiment change in China would have to occur first.

[davider]

China is still hurt and is not so bullish as Gox. Anyway these days are not boring!

[antoineph]

yeah China is not partaking in this upward movement it seems. The crazy $250 price difference is now more like $100

[Carra23]

yeah China is not partaking in this upward movement it seems. The crazy $250 price difference is now more like $100

Actually $70 now.

This is quite new territory. China led the initial run, but will gox continue it or buckle? Maybe the buys on gox are just traders trying to get USD out by selling elsewhere.

In case its a great show

[stompix]

Yesterday was it , will it go over 1000?
Now it's , will it go below 200?

Awesome ***** thread !!!

[davidgdg]

I doubt it will go below the previous April ATH ($250)

The April bubble never crashed below the previous 2011 bubble ATH ($32).  It's a big barrier

And ditto when it went from 6 cents to one dollar in 2010. The post 11 bubble price was still 2-3 dollars.

Basically the pattern seems to be that the low after a spike is still higher than the high of the previous spike. So unlikely to drop below usd300 this time around and after the next spike it won't drop below ~ 800.