[CHART] My prediction for the next month or two

[smoothie]

Here is my prediction of how price action will be for the next 2 months. Post yours and we can see who is correct.

[zby]

He he - pretty suggestive - but at one of these drops will be the bottom, and then very likely it can go sky high pretty quickly again.

[smoothie]

He he - pretty suggestive - but at one of these drops will be the bottom, and then very likely it can go sky high pretty quickly again.

Let's see who is right.

[gw4tt]

I still think there's a possibility for bitcoin to completely die off.

[smoothie]

I still think there's a possibility for bitcoin to completely die off.

I agree. It could go either way but currently I see no compelling reason for the price to skyrocket. It's not like it is going viral and everyone is using bitcoins right now for online payments.

Once that happens the price will be justifiably going to the moon!

[zby]

To be honest I don't know - but we have now two things coinciding some mainstream attention (with rather positive articles) plus some uptrend likely for a week or two.  If that uptrend is sustained for long enough to intrigue new people into buying bitcoins - this can make a positive feedback loop.

[smoothie]

To be honest I don't know - but we have now two things coinciding some mainstream attention (with rather positive articles) plus some uptrend likely for a week or two.  If that uptrend is sustained for long enough to intrigue new people into buying bitcoins - this can make a positive feedback loop.

Better be a huge influx of investors to get the price past $10.70.

[zby]

To be honest I don't know - but we have now two things coinciding some mainstream attention (with rather positive articles) plus some uptrend likely for a week or two.  If that uptrend is sustained for long enough to intrigue new people into buying bitcoins - this can make a positive feedback loop.

Better be a huge influx of investors to get the price past $10.70.

Why $10.70 is of any importance?

[smoothie]

To be honest I don't know - but we have now two things coinciding some mainstream attention (with rather positive articles) plus some uptrend likely for a week or two.  If that uptrend is sustained for long enough to intrigue new people into buying bitcoins - this can make a positive feedback loop.

Better be a huge influx of investors to get the price past $10.70.

Why $10.70 is of any importance?

It's a resistance level in place. Last rally it couldn't break $12 and hovered at $10.70 for like 10 days then it fell through it and the support level below it and the one below that, etc..

[infested999]

Here is my prediction of how price action will be for the next 2 months. Post yours and we can see who is correct.

Why did you draw jagged edges on your chart? If you do now have any evidence for each one of those edges then you might as well just draw a smooth line, since the point that you are trying to get across is that it will go down, down, up, down.

[smoothie]

Here is my prediction of how price action will be for the next 2 months. Post yours and we can see who is correct.

Why did you draw jagged edges on your chart? If you do now have any evidence for each one of those edges then you might as well just draw a smooth line, since the point that you are trying to get across is that it will go down, down, up, down.

Why does it matter? We both know the market doesnt make nice straight lines all the time.

[Jixtreme]

Here is my prediction of how price action will be for the next 2 months. Post yours and we can see who is correct.

Why did you draw jagged edges on your chart? If you do now have any evidence for each one of those edges then you might as well just draw a smooth line, since the point that you are trying to get across is that it will go down, down, up, down.

Oh, he has evidence...

Because....

HE IS THE MANIPULATOR!!!     

[SlaveInDebt]

Butterfly effect

[gw4tt]

Butterfly effect

That looks about right 

Oh, he has evidence...

Because....

HE IS THE MANIPULATOR!!!     

He could be. We need to keep vigilant to find the manipulator. Most likely, he is in a cave somewhere.

[Jixtreme]

He could be. We need to keep vigilant to find the manipulator. Most likely, he is in a cave somewhere.

I'll alert Team 6...

[Minsc]

The manipulator is just some person who wants to make money trading many thousands of coins.

[BCEmporium]

What manipulator?

It's early September, time when, in the North Hemisphere, people buy books, clothes and all school paraphernalia, an easy "many hundreds to thousands USD, EUR, CAD(...)" expense.
As there're no Bitcoin market to this kind of stuff, yet, people will rush to cash them out causing a low. Nothing out of the extraordinary actually or unexpected. Next week this settles and btc will move up again.

[smoothie]

What manipulator?

It's early September, time when, in the North Hemisphere, people buy books, clothes and all school paraphernalia, an easy "many hundreds to thousands USD, EUR, CAD(...)" expense.
As there're no Bitcoin market to this kind of stuff, yet, people will rush to cash them out causing a low. Nothing out of the extraordinary actually or unexpected. Next week this settles and btc will move up again.

Such general terms "will move up again". It just move up 10 seconds ago.

I suspect we will see a surprising low we did not expect.

[BCEmporium]

"move up" -> steadily increase its price for a considerable time frame.
Not -> "bump and bounce".

[wobber]

What manipulator?

It's early September, time when, in the North Hemisphere, people buy books, clothes and all school paraphernalia, an easy "many hundreds to thousands USD, EUR, CAD(...)" expense.
As there're no Bitcoin market to this kind of stuff, yet, people will rush to cash them out causing a low. Nothing out of the extraordinary actually or unexpected. Next week this settles and btc will move up again.

How many parents do you think there are in here?