Vague similarities...

[oda.krell]

I keep wondering if where we are now







is essentially where we were back then







But then I think that'd be too easy.... Bitcoin price has a habit of biting you in the ass if you rely on half arsed pattern recognition too much.

...

......

You can probably tell my thoughts don't run particularly deep these days

[notme]

Overall we look much more bullish this time around.  However, we clearly still have some bearishness to work through somehow.

[Tzupy]

Movements take about 2x longer now than in April 2013, so my guesstimate is late April, not late May.
The difference is back then most coins had already appeared in the books during corrective wave A,
and that's why wave A was so harsh, while now most coins have yet to come (mostly from China).

[HairyMaclairy]

My thoughts are that people have "news fatigue" right now (I am certainly feeling it) and it is going to take much stronger FUD or good news to impact on the market.   Eg Ghash is back at 38% and no one cares.  So I am expecting a period of stability unless something really really drastic happens.  Of course Bitcoin loves to bite you on the ass so you can never be too sure but there you are. 

[1Pakis]

Just by looking at the two pictures I say that the current chart looks more bullish.

[pietje]

We will see what happens. Still dont think you can compare them or that the final drop still needs to come.
Still if you hold back then at $120 you would be very happy now.

[1Pakis]

I actually hold from sub the 30's.
I also bought some at 90$ last summer.

[RyNinDaCleM]

I think this...

Looks more like this (red circle)...



Though this consolidation is more like a triangle, so it seems more likely to break up with a target of around $1120 before breaking back down

[spiderbrain]

It feels similar to me. I think we may have another brief sub 600 period before everyone gets it out of their system and some new money feels it's safe to come in. Once there's a major panic crash and it doesn't go as low as the last one then we may be ready for the next leg up. However, I am getting bored waiting for it!

[The Bitcoin Foundation]

It feels similar to me. I think we may have another brief sub 600 period before everyone gets it out of their system and some new money feels it's safe to come in. Once there's a major panic crash and it doesn't go as low as the last one then we may be ready for the next leg up. However, I am getting bored waiting for it!

Exactly my thoughts. if you are buy and hold till $100,000 then non of this really matters. But we all know we are here to get ass many coin ass possible. Theres always going to be 50% drops  in BTC its rare but if you are patient, Just set your buy order accordingly and go on with life. Chances are your order will be filled within 6 months and now you have double the  amount of BTC for when it actually does hit $100,000 you can look back and laugh at being twise as rich by just buying off the 30 week EMA.

DOnt get greed and expect a 1000 to 100 drop just set it at half and let it trail , It will eventually get filled

[RenegadeMind]

Overall we look much more bullish this time around.  However, we clearly still have some bearishness to work through somehow.

Bears make awesome rugs.

[oda.krell]

I think this...

Looks more like this (red circle)...



Though this consolidation is more like a triangle, so it seems more likely to break up with a target of around $1120 before breaking back down

Nice observation. I mean, it's all rather uninformative eyeballing, but your eyeballing was slightly less uninformative than mine :P

[piramida]

You guys are grasping for straws. No really, you are. Take any part of any scale graph of anything and it would be "similar", it will have ups, downs, green and red candles, that's about all of the similarities that you consider substantial enough to base some deductions upon.

Really, tossing a coin would be much more scientific. So just do that. You can toss any number of times until the outcome would be bearish (i.e. 1 more heads than tails), that would be a certain sign of an incoming doom.

[dg2010]

Stop looking at the fucking graphs seriously.

Open your eyes to the world around you. Thousands upon thousands of companies, investors, individuals are getting into Bitcoin since the recent price rise.

Companies around the world are starting to accept bitcoin. New services are coming online all the time. This is an ATH of Bitcoin awareness and it's increasing every day.

Stop thinking about 2 months, 3 months, this is the beginning of mass adoption and acceptance. 2014 is going to be the year that launches Bitcoin into the mainstream.

[oda.krell]

Hahaha, I finally start understanding what motivates guys like Blitz and ElectricMucus... Hey, two posters above me, your bull tears are absolutely delicious :3

Seriously though, go re-examine your life. If you can't stomach some bearish (and admitted from post one: non-rigorous) speculation on the specu-fucking-lation subforum then you're obviously more than just a bit imbalanced*



* by which I mean you probably didn't take out your initial investment yet, and it shows. Oh, how it shows.

[HeliKopterBen]

After the April 2013 crash, guys were thinking it was a replay of the 2011 crash.  It wasn't.  As you said, that would be too easy.

[N12]

Stop looking at the fucking graphs seriously.

Open your eyes to the world around you. Thousands upon thousands of companies, investors, individuals are getting into Bitcoin since the recent price rise.

Companies around the world are starting to accept bitcoin. New services are coming online all the time. This is an ATH of Bitcoin awareness and it's increasing every day.

Stop thinking about 2 months, 3 months, this is the beginning of mass adoption and acceptance. 2014 is going to be the year that launches Bitcoin into the mainstream.

You have your account since 2011, did you not see how new services, users, companies flocked to Bitcoin all the time while the price first collapsed and later on stagnated for a long time? It did nothing. Prices are a collective mass delusion and its ebbs and flows are very loosely linked to reality.

[Rub3n]

Im not really trying to see any similarity's. Id say, watch the news and make sure you don't see a similarity when its already to late.

[dg2010]

You have your account since 2011, did you not see how new services, users, companies flocked to Bitcoin all the time while the price first collapsed and later on stagnated for a long time? It did nothing. Prices are a collective mass delusion and its ebbs and flows are very loosely linked to reality.

Yes funny this is my second account, I lost access to my first one when I changed e-mail/lost password.

And yes I've been following Bitcoin every day for over 3 years. There is no doubt there was lots of rubbish information but I never believed the hype. The hype in 2011 is nothing compared to today. Today we have companies like Overstock taking Bitcoin, Paypal are talking about it. In 2014 Amazon might well accept it. This is not 2011.

And it's interesting that you refer to the past bitcoin price to justify your position today yet you fail to remember that anyone investing in 2011 would be a rich man today.

[piramida]

* by which I mean you probably didn't take out your initial investment yet, and it shows. Oh, how it shows.

You are as blind in that assumption as you are blind in looking at the graphs, i.e. a complete miss. I could not care less to actually get "unbalanced" by your pattern observations, just pointed out a fact that a coin toss would result in a much better prediction power than your TA. If you want to present a bearish point of view, you should try harder, your reasoning at the moment is even less credible than proudhon's "sources" or somebody else's dream, definitely much less funny since you seem to actually believe the gibberish that you post.

PS and btw, I'm not saying that bitcoin is positioned to go higher now, that would be a silly guess. From TA point of view, the current situation is bearish, but definitely not for the "reasons" that you posted. From the fundamentals, the price should be rising. So while we are waiting for some actual movements to start, I can't pass responding to a silly troll thread like yours one here.