Timeline over the next 2 months

[Elwar]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

[CEG5952]

The bulls are still calling for a July bubble? It's been a while since I read this forum, but I see nothing has changed! 

[Elwar]

The bulls are still calling for a July bubble? It's been a while since I read this forum, but I see nothing has changed! 

Funny how the price floor has leveled out and started rising just in time for July as so many have predicted.

[K128kevin2]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Hmm I don't know... that's pretty optimistic but I hope you are right. I wouldn't be surprised to see a bubble relatively soon but we'll see.

[Wary]

The bulls are still calling for a July bubble? It's been a while since I read this forum, but I see nothing has changed!  

Funny how the price floor has leveled out and started rising just in time for July as so many have predicted.

It's self-fulfilling stuff: A whale looks at the chart, sees 2-months rally each 8 months, sees that if the patters stays, the next rally should start NOW. So the whale decides to front-run it and buys with his $1M. What matters is whether the market will follow him.

[zimmah]

I don't really care if its selffulfilling or not, all I care about is if it happens or not.

If it's self fulfilling by the way, why don't we all just start chanting it will hit 10 million in may 2015?

[600watt]

btc will explode this september, not in july....

(wouldn´t cry if op is right, though... )

[spiderbrain]

I hope your magical powers of prediction are as good as you think they are!

[bitcoinsrus]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Hello.  I was wondering how you got these numbers.  Did you look at the past trends, potential buy/sell orders etc.

[Sawadekub]

he is just guessing.. no body knows..
not even satoshi knows bitcoin will be at this price today..

[Elwar]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Hello.  I was wondering how you got these numbers.  Did you look at the past trends, potential buy/sell orders etc.

The numbers are based on the last two rallies. Last February it doubled 5 times, in October it doubled almost 4 times (it would have hit $1600 if it completed the final doubling but the price rose too quickly and it came tumbling down). Each time the first doubling took a month and the next doubling took half the time and on and on.

I predict 3 doubles this time if the trend of less doubling continues. If it rises too quickly expect it to come down before $3600. A slower rise combined with good news like the ETF or something major could take it higher.

[pinksheep]

So after hitting a peak of around $4000, how low do you think it will fall afterwards? And when will the next bubble after this upcoming one happen?

[Elwar]

So after hitting a peak of around $4000, how low do you think it will fall afterwards? And when will the next bubble after this upcoming one happen?

The lowest it went last time was 4 times where it started from. So even if it crashes, the lowest it would go is around $1800.

[hellscabane]

Oh, how I would love this to actually happen. It'd be a hell of a birthday gift, hehe. (Nothing like some awesome birthday money!)

But, I have no clue where all of the money would come from. After all, if this were to happen, the influx would have to outpace the needed amount to account for new minted coins. Assuming a 50% outpace, we're talking about $5 million a day growing to $20 million a day.

[Not that I'm saying it can't happen, but I just don't know where this money would come from.]

[Asrael999]

Oh, how I would love this to actually happen. It'd be a hell of a birthday gift, hehe. (Nothing like some awesome birthday money!)

But, I have no clue where all of the money would come from. After all, if this were to happen, the influx would have to outpace the needed amount to account for new minted coins. Assuming a 50% outpace, we're talking about $5 million a day growing to $20 million a day.

[Not that I'm saying it can't happen, but I just don't know where this money would come from.]

you are assuming all mined coins get sold - I know for a fact that not all of them do, as I don't sell all the ones I mine. In fact recently I have been acquiring coins rather than selling them.

I agree though that to push the price to a new all time high will require multiples of the new money that came in during October - December 2013, and I so not believe that investments of this scale are feasible until professional money has a reason (and a way) to buy bitcoin. Professional money at the moment is building bitcoin companies not buying coins, and I am not sure what if anything changes that in 2014, or even the first half of 2015.

[scryptasicminer]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Overly optimistic.

If bitcoin price stabilize around this level, it will be good for the long term.

[antonioserrano72]

/r/dogecoin's optimism is leaking. You guys don't drink that!! 

[hellscabane]

Oh, how I would love this to actually happen. It'd be a hell of a birthday gift, hehe. (Nothing like some awesome birthday money!)

But, I have no clue where all of the money would come from. After all, if this were to happen, the influx would have to outpace the needed amount to account for new minted coins. Assuming a 50% outpace, we're talking about $5 million a day growing to $20 million a day.

[Not that I'm saying it can't happen, but I just don't know where this money would come from.]

you are assuming all mined coins get sold - I know for a fact that not all of them do, as I don't sell all the ones I mine. In fact recently I have been acquiring coins rather than selling them.

I agree though that to push the price to a new all time high will require multiples of the new money that came in during October - December 2013, and I so not believe that investments of this scale are feasible until professional money has a reason (and a way) to buy bitcoin. Professional money at the moment is building bitcoin companies not buying coins, and I am not sure what if anything changes that in 2014, or even the first half of 2015.

Actually, I make that assumption based on market volumes in comparison to growth values during the last two rallies. During the last two rallies, one of the really interesting fits was that the growth and pace factors being a function of mintage over a moving average.

But yes, it seems more and more that the money for the next rally has to actually come from actual business investment rather than speculators.

[Trade-Winds]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Hey Elwar I am liking your technical analysis and bold predictions, I am assuming you are a trader of other markets not just BTC?

[exponential]

I am perfectly fine with this prediction :p