So I guess we're going back up?

[favelle75]

Seems to be a slow, steady climb (in BTC terms, not what most "stocks" do...).

[donjoe]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

[windjc]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

Some people never learn. In $60 we are in full bull mode.

[MargaretsDream]

Seems to be a slow, steady climb (in BTC terms, not what most "stocks" do...).

Yes, seems so now.

Obviously before next sell offs come

[emanymton]

Seems to be a slow, steady climb (in BTC terms, not what most "stocks" do...).

Yes, seems so now.

Obviously before next sell offs come

Who's margaret?

[NUFCrichard]

it'll just take 1 big sale to get everyone running again though

[niothor]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

Some people never learn.
Bitcoin doesn't care about charts ,ta, waves and stuff.

[JustAnotherSheep]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

Some people never learn.
Bitcoin doesn't care about charts ,ta, waves and stuff.

Say that to the clown prophet who predicted the current rally and the one before with TA 

[niothor]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

Some people never learn.
Bitcoin doesn't care about charts ,ta, waves and stuff.

Say that to the clown prophet who predicted the current rally and the one before with TA  

How many people were wrong about the bitcoin future price and how many times right?
Just in one thread I could easily find 500 wrong assumptions based on charts.

[Birdy]

Say that to the clown prophet who predicted the current rally and the one before with TA  

http://en.wikipedia.org/wiki/Paul_the_Octopus
There aren't many possibilities, if enough people try, there will be a lot that "predict" it right many times in a row
The successful ones can also influence others to sell when they say it goes down and such making the prediction selffullfilling (it's not clever to follow that though, because the only one to make certain money of that are the ones that do the prediction, because they will be the first to buy/sell)

[porcupine87]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

Some people never learn.
Bitcoin doesn't care about charts ,ta, waves and stuff.

Say that to the clown prophet who predicted the current rally and the one before with TA 

Guy 1: The price tomorrow will be <400$ because look at the chart!!
Guy 2: The price tomorrow will be between 400 because look at the chart!!
Guy 3: The price tomorrow will be between 401 because look at the chart!!
...
Guy 400:The price tomorrow will be between 800 because look at the chart!!
Guy 401:The price tomorrow will be >800 because look at the chart!!


So one thing will be true for 100%: One guy will be right and he will claim to be a prophet!

[PenAndPaper]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

Where is the left shoulder on your Elliott Wave?

[notung]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

Some people never learn.
Bitcoin doesn't care about charts ,ta, waves and stuff.

Say that to the clown prophet who predicted the current rally and the one before with TA 

Guy 1: The price tomorrow will be <400$ because look at the chart!!
Guy 2: The price tomorrow will be between 400 because look at the chart!!
Guy 3: The price tomorrow will be between 401 because look at the chart!!
...
Guy 400:The price tomorrow will be between 800 because look at the chart!!
Guy 401:The price tomorrow will be >800 because look at the chart!!


So one thing will be true for 100%: One guy will be right and he will claim to be a prophet!

Guy 404: Price not found

[JimboToronto]

Some people never learn.
We're at the second bounce of the falling trend of the Elliott Wave, right after the head-and-shoulders.

Where is the left shoulder on your Elliott Wave?

I was wondering the same thing.

I'm still not sold on this being a crash and not a serious bear trap.

The next day or two will tell.

[Mirsad]

I hope it's a big bull trap 

BTCChina is leading the way. And it looks like a bull trap. Started @ 4200 CNY , probably going till 5500 CNY

[Barek]

http://en.wikipedia.org/wiki/Paul_the_Octopus
There aren't many possibilities, if enough people try, there will be a lot that "predict" it right many times in a row
The successful ones can also influence others to sell when they say it goes down and such making the prediction selffullfilling (it's not clever to follow that though, because the only one to make certain money of that are the ones that do the prediction, because they will be the first to buy/sell)

Thank you!

[btcprice]

This latest run-up in the last 2 days has been on relatively low volume. That means the price is more easily manipulated.

[phlogistonq]

We will rise slowly to $700-$750, level off and then move horizontally for a week.
Then we will continue upwards, slowly at first but soon again we will find ourselves going up with never-before seen velocity.

I hope you all took the opportunity to buy, because it will be a long time before we see $500 again.

[crazy_rabbit]

This latest run-up in the last 2 days has been on relatively low volume. That means the price is more easily manipulated.

True for USD bit CNY has been pretty solid volume.Almost everything between 1k and 3k

[crazy_rabbit]

I hope you all took the opportunity to buy, because it will be a long time before we see $500 again.

First rule of Bitcoin: The more more often people say it won't happen, it happens.