Here we go

[DustyRah]

I hope expert was right with his analysis. According to this next rally will rise the price up to over $5k :-)
I think that indeed this is possible and what else I can say it is needed to +++ the value of the Bitcoin. As current wall situation is getting me realy bored :-)

If there is a rally, it will tear the $1000 mark and then $5000 will not seem so far away.

As long as we don't have another Mt. Gox kind of thieving crap and Chinese bitches staying out, it may gradually get into the bull mode.

[1714990041]

1714990041

[1714990041]

1714990041

[fattypig]

I hope expert was right with his analysis. According to this next rally will rise the price up to over $5k :-)
I think that indeed this is possible and what else I can say it is needed to +++ the value of the Bitcoin. As current wall situation is getting me realy bored :-)

If there is a rally, it will tear the $1000 mark and then $5000 will not seem so far away.

As long as we don't have another Mt. Gox kind of thieving crap and Chinese bitches staying out, it may gradually get into the bull mode.

Still waiting for the bull, it has been silent at $440....

[frienemy]

Still waiting for the bull, it has been silent at $440....

A rallye starts slow. It's not a bull run at first, but the MOON walk. That's not a really fast way to walk, but it's classy

[ElectricMucus]

Expert who? on what?

Are you calling yourself an expert?

Look up sarcasm in the dictionary please. Will make a lot of conversations easier to follow

lol if you think that was sarcasm.

[ElectricMucus]

you don't know Elwar then.

[spazzdla]

I hope expert was right with his analysis. According to this next rally will rise the price up to over $5k :-)
I think that indeed this is possible and what else I can say it is needed to +++ the value of the Bitcoin. As current wall situation is getting me realy bored :-)

If there is a rally, it will tear the $1000 mark and then $5000 will not seem so far away.

As long as we don't have another Mt. Gox kind of thieving crap and Chinese bitches staying out, it may gradually get into the bull mode.

http://www.coindesk.com/china-moves-disrupt-access-major-bitcoin-websites/

China is going full war mode against BTC.....  It's a shame the American gov has been hunting down the hackers of anonmous for defending the innocent... .

[JimboToronto]

All of these threads about spectacular projections of rallies to the moon and stars are making me feel bearish.

Your feeling bearish makes me feel bullish. 

[jc01480]

Ummno. Too many big investors got their eyes on bitcoin now. I say 10k. At least. No, it's not wishful thinking. It's fact. 

May I ask who these big investors are and what they are waiting for?

A Republican dominated House, Senate, and Oval Office.

[MatTheCat]

And what happens if Bitcoin spikes down below that log support trendline that it is practically already touching?

What happens then?

What would that mean?

Your feeling bearish makes me feel bullish.  

Barack Obama making a public announcement outlawing Bitcoin across the globe and threatening to use force (if necessary) against countries who allow Bitcoin to proliferate within thier borders, would make you feel bullish.....

...."Gee look guys! Obama just declared war on Bitcoin! We got em running scared now! 2 da Moon!!"

Yes indeed Jimbo. The fact that you are gormless idiot is well known!

[BitChick]

What I keep thinking when I see these charts is, "can it really be this predictable?" 

[oda.krell]

This type of naive extrapolation, from data points /years/ in the past, is really not a good predictor of anything short or mid term.

The chart by Elwar relies on the data point of the flash crash in October 2013, so it can construct the "nice line" from Jan 2013, via October 2013, to now.

But who can say with certainty that this isn't the "real" exponential trendline:



(ignore the last 60 or so candles, of course)

So, why not that one? It has 3 beautiful "areas of contact": the end of the 2011 bear market, several contact in July 2012, and in Jan 2013. That's as good, if not better, than the motivation for the Bitstamp chart by Elwar.

Plot twist: the lower line of this one currently sits at $135.

Here's the take home message: don't trade based on extrapolations from year-long trends. If you must, use them to inform your long-term investment goals, but they sure as hell won't tell you when a correction is over, or about to begin for that matter.

[Biodom]

What I keep thinking when I see these charts is, "can it really be this predictable?" 

Of course, not.

[RyNinDaCleM]

Expert analysis shows...big things coming soon...

Sorry for a rather noobish question, but does a head-and-shoulders formation by definition always be horizontal? If we shift the angle slightly and see the aApril 2013 peak as left shoulder and the December peak as head, then there could be a weaker peak as right shoulder this year, maybe going up to only 2,100. If this is true, the good thing would be that the "downside" after the head-and-shoulders wouldn't be that bad, because it's not happening on a horizontal scale. Any ideas? Bashing allowed if this question is complete nonsense!

The right shoulder (either shoulder for that matter) cannot exceed the high of the head.
But to answer your question, no it doesn't have to be horizontal. The most powerful H&S is one that leans in the breaking direction.

[MatTheCat]

The chart by Elwar relies on the data point of the flash crash in October 2013, so it can construct the "nice line" from Jan 2013, via October 2013, to now.

The beauty of that October 2013 Silk Road Flash Crash was that even with the huge amount of fear around in the Bitcoin market on that day, $85 was as low as Bitcoin went.

The Beauty about the Gox-coin 'firesale' is that it showed enough people subscribe to the exponential growth support and resistance level theory, for Goxcoin to stop falling right at the point where it met the long term exponential support trendline.

[T.Stuart]

The chart by Elwar relies on the data point of the flash crash in October 2013, so it can construct the "nice line" from Jan 2013, via October 2013, to now.

The beauty of that October 2013 Silk Road Flash Crash was that even with the huge amount of fear around in the Bitcoin market on that day, $85 was as low as Bitcoin went.

The Beauty about the Gox-coin 'firesale' is that it showed enough people subscribe to the exponential growth support and resistance level theory, for Goxcoin to stop falling right at the point where it met the long term exponential support trendline.

I don't think it would be wise to take the Gox data seriously during the last few days and weeks of its existence. People were no longer trading BTC - they were trading bets on Gox's survival.

[YipYip]

And what happens if Bitcoin spikes down below that log support trendline that it is practically already touching?

What happens then?

What would that mean?

Your feeling bearish makes me feel bullish.  

Barack Obama making a public announcement outlawing Bitcoin across the globe and threatening to use force (if necessary) against countries who allow Bitcoin to proliferate within thier borders, would make you feel bullish.....

...."Gee look guys! Obama just declared war on Bitcoin! We got em running scared now! 2 da Moon!!"

Yes indeed Jimbo. The fact that you are gormless idiot is well known!

Take a happy pill ...Never ending doom and gloom.....Yawn

U must be the life of the party ...Still trying to sell you bear wares eh ?

[tuneman1980]

I'm hoping that the linear regression on this website is correct and we'll be at $6,000+ in a year.

http://www.cryptocoinstats.com/priceforecaster.php

[knightcoin]

and what our technical-astrology-analysis says for today ?   any horoscope backtest ?

[MatTheCat]

I don't think it would be wise to take the Gox data seriously during the last few days and weeks of its existence. People were no longer trading BTC - they were trading bets on Gox's survival.

The Goxcoin free-fall could have stopped anywhere, but it stopped right where it did on the exponential support line that has been in place since Gox started trading. I am not saying that there is some kind of mystical force at work, but for those who 'believed' in Bitcoin (or have coded their bots to believe in BItcoin) even in the face of the greatest horrors, $85, smack bang on that support line, was where the buck stopped.

The logical price that Goxcoin should have been traded at was zero. Obvious to me and many others perhaps, although obviously not obvious to everyone. These long term supports definitely mean something, and Bitcoin is banging on the door of one right now.

[ReRunRod]

DAYUM