Geez! You know this chart, guys?!

[rogerwilco]

[InwardContour]

I don't think that the final capitulation is going to happen, every chart is different from the others because there's no pattern which can predict what will happen in the future.

[mrmousebtc]

So are we going up or down?
I can't understand if I should enter now or wait for the final capitulation.

[w0lverine]

...

/thread and end of the speculation subforum.

[Buo]

...

/thread and end of the speculation subforum.

Yeah in this forum we are all writing worthless speculations, but sometimes it's an entertaining reading

[Mental Fight]

i dont understandi really want to understand . its mean price will raise or fall ?

[fonzie]

i dont understandi really want to understand . its mean price will raise or fall ?

9000$ in 8 weeks! Max. 72 hours left to buy below 600$. Sell your kids, sell your car and house, leverage to the max.GO ALL FUCKING IN!

[BitCoinNutJob]

It looks a lot like "The Chart"  

To be honest, though: Bitcoin hasn't seen that sharp corrections. I know those charts are exaggerated and are only supposed to illustrate a certain movement, or behavior, but a correction to levels at the start of before the bubble even began, is unseen when it comes to Bitcoin. Wait, I may be wrong... 2012?

What about the drop from $266 to $50, that also matches the bubble chart pretty good

[xavier]

hm, it seems right now we're in the "investment memory is long" phase, and have yet to reach final capitulation.

[ensurance982]

So are we going up or down?
I can't understand if I should enter now or wait for the final capitulation.

Waiting for final capitulation isn't working. "YOU" have to basically capitulate and lose faith in Bitcoin. When that happens, the capitulation is there. Everyone knows about bubbles, about capitulation about non-emotional trading, and yet no one actually manages to adhere to those things except for traders who know their business! It's interesting from a psychological point of view!

[Schickeria]

hm, it seems right now we're in the "investment memory is long" phase, and have yet to reach final capitulation.

That's my impression, too. But one should be careful, to build up trading strategies on such assumptions. My personal conclusion is to hold on breathe, not to sell but also not buy, waiting if capitulation happens or not. Overall market sentiment is looking confused and puzzled.

[ensurance982]

Interesting! So you are basically implying that we may still be in for the 'really big' bubble that will make the previous ones look like small spikes. But the outcome of that mega-bubble will then decide about the future of bitcoin?

I don't know! ;-)

Bitcoin is very different from the NASDAQ, but humans and their emotions like greed and fear are the same.

Yeah that's basically it! All the trading is fueled by greed, after all. It doesn't matter if it's stocks, currencies or whatever. The patterns and behaviorisms remain the same for the most part!

[ensurance982]

hm, it seems right now we're in the "investment memory is long" phase, and have yet to reach final capitulation.

That's my impression, too. But one should be careful, to build up trading strategies on such assumptions. My personal conclusion is to hold on breathe, not to sell but also not buy, waiting if capitulation happens or not. Overall market sentiment is looking confused and puzzled.

There could be some kind of shock upwards, that'll burn enough shorts, and when the volume goes back up and the rallye manages to gain speed, we may as well be in another full-blown bull market again. Only trade on your assumptions, if you're ready to lose, as well!

[pikabit]

okay so predict a price for january 2015

[Schickeria]

So are we going up or down?
I can't understand if I should enter now or wait for the final capitulation.

If you are not invested at all in bitcoin, you could buy now, but have to be strong in the case of a possible capitulation that could go to low 300's or less probable even lower. Nobody can assure you will happen. All speculation is only build up on probabilities, and even these probabilities each one will define different.

My estimate:

40% capitulation to (400's - 300's),
30% longer sidewards movement (500 - 800), then bull run
25% bull run in the near term
5% cataclysm to very low levels

[BowieMan]

No way we're going to see a drop that sharp and below the prices of before the bubble. Bitcoin Bubbles burst at times, yeah, they're bubbles after all. But they do get us to prices we haven't been before! That's what makes them special and immune to this chart.

[Febo]

My interpretation of that chart tells me that final capitulation hasn't happened yet...

Compress the Bitcoin chart and it looks like final capitulation won't be for another few months.

Agree final capitulation is at least half year away so enjoy guy till it will last.

[Dump3er]

Ha! What did the dump3er dude tell you all?

Ha! Now you all agree that it looks like witchcraft!

Funny times ahead! Ha!

[whap]

Ha! What did the dump3er dude tell you all?

Ha! Now you all agree that it looks like witchcraft!

Funny times ahead! Ha!

Jizzed in your pants?

[Dump3er]

Ha! What did the dump3er dude tell you all?

Ha! Now you all agree that it looks like witchcraft!

Funny times ahead! Ha!

Jizzed in your pants?

While charting I'm always nude, so no pants...