Crash!!!!

[HorseRider]

coming the weekend. just look at what happened in the last three weekends.

[1714894902]

1714894902

[1714894902]

1714894902

[mccorvic]

coming the weekend. just look at what happened in the last three weekends.

And now that you said that everyone will expect it which means it won't happen. 

[silverbox]

Quick sell all your BTC, the weekend is coming!!! 

[Spekulatius]

just don't miss the 20 largest rises...

a 50% crash needs a 100% rises to cover. and most of the rise where completed in several days, which make people jump on the train easier than jump off the crash.

I would bet against it. Just think of the long crash after the bubble. Those crashes have not recovered mostly. On the way up, there have not been many crashes.

[molecular]

Oh, I'm absolutely not selling.  As I've said before, I don't have a single coin in any of the exchanges anymore.  It's all offline paper wallets, and small mobile wallets for me.  When I do buy, which I'll probably do again in the next few days, I immediately send the coins to an offline wallet.  I'm just stirring the pot a bit, and watching the show.

you're dancing with the bear again.

sounds like fun, I should do it some time.

[HorseRider]

coming the weekend. just look at what happened in the last three weekends.

And now that you said that everyone will expect it which means it won't happen.  

What you said is not true. For example , you are not expecting it.

[HorseRider]

I think this is the weekend plunge. I have bought all the sold btc back, with some profit!

Crashes are good if you can avoid them. As previously said,

https://bitcointalk.org/index.php?topic=74890.msg981973#msg981973

 if you can avoid the largest 20 crashes on the mtgox trading history, you can be 1288x richer than buy&hold.

[Spekulatius]

That looks like what could become a classical Shoulder Head Shoulder formation, even with a small version of itself in the head section. Just watch out for the indicators! (lower highs and lower lows). If it does unfold like this the best opportunity to get of board is on top of the last shoulder. In my example a final drop to the 5-5.2$ area would be the result.

Something like this.

Make no mistake guys! What we are seeing so far is an upward triangle formation, not a shoulder head shoulder one. Buying pressure has been too strong to keep the lows from being lower then those before. Crucial for a prolonged rally is to break the resistance at 6.8$/7.0$

Short term trend: UP!

[adamstgBit]

That looks like what could become a classical Shoulder Head Shoulder formation, even with a small version of itself in the head section. Just watch out for the indicators! (lower highs and lower lows). If it does unfold like this the best opportunity to get of board is on top of the last shoulder. In my example a final drop to the 5-5.2$ area would be the result.

Something like this.

Ya right, Six point crazy wont hold for to much longer, and we might just dip below 6, but after all that we are going UP 8 not Down 5.8 ... tisk tisk

somewhat related: I wanted to make a poll called "Six Point Crazy" but it was removed.... something about 0 content threads not being ok 

[Spekulatius]

read again adam!  I said, that my soulder head shoulder formation is no longer valid and has transformed into an upward triangle. Ergo: We wont go down below 6 (rather strong resistance), unless we ultimately fail to break through 7$.

[Otoh]

That looks like what could become a classical Shoulder Head Shoulder formation, even with a small version of itself in the head section. Just watch out for the indicators! (lower highs and lower lows). If it does unfold like this the best opportunity to get of board is on top of the last shoulder. In my example a final drop to the 5-5.2$ area would be the result.

Something like this

The rising support trendline looks like turning this from "a classical Shoulder Head Shoulder formation" in to the more lopsided Quasimodo one

[proudhon]

Is the Quasimodo formation bearish or bullish?

[Otoh]

Is the Quasimodo formation bearish or bullish?

bullish-er than the past shoulder was, so long as he's facing you that is - which given the 2nd shoulder at 6.66 is higher already than the first we can safely assume so, the first shoulder topped out at 6.60 - the head at 6.80 - so 6.70 would make for a nice hump

this implies of course that later on we shall see the classic climbing of the cathedral bell tower & church steeple formations

[notme]

Is the Quasimodo formation bearish or bullish?

bullish-er than the past shoulder was, so long as he's facing you that is - which given the 2nd shoulder at 6.66 is higher already than the first we can safely assume so, the first shoulder topped out at 6.60 - the head at 6.80 - so 6.70 would make for a nice hump

this implies of course that later on we shall see the classic climbing of the cathedral bell tower & church steeple formations

+1

This ain't no ordinary head and shoulders.

[HorseRider]

If there is a weekend that the bitcoin price ramps up but not fall as we expected, I think it will be this weekend. More new investors are joining the party.

[adamstgBit]

If there is a weekend that the bitcoin price ramps up but not fall as we expected, I think it will be this weekend. More new investors are joining the party.

i agree, new investors and some new speculators have joined us, but that's what the rise to 6.60 was all about. again bitcoin is miss-estimated the price based on news of "dumping EUR for bitcoin", soon (i dont know like 1 month) we will have found the true price increase of this "dumping  EUR for bitcoin", once its all said and done i think we'll end up on the high side of 6, but not before we take a dive to the low 6's

IMO

just think, I'm looking to buy a bunch, and I'm waiting for a crash ( is their any other way buy a large amount of bitcoin?   )

but under these market conditions... maybe 6.4 will be "the crash" everyone is waiting for, lol GO bitcoin!

[Bitcoin Oz]

My fiat is stuck in the bank for the weekend which sucks for me.

[Bigpiggy01]

My fiat is stuck in the bank for the weekend which sucks for me.

+999 

[ElectricMucus]

If there is a weekend that the bitcoin price ramps up but not fall as we expected, I think it will be this weekend. More new investors are joining the party.

i agree, new investors and some new speculators have joined us, but that's what the rise to 6.60 was all about. again bitcoin is miss-estimated the price based on news of "dumping EUR for bitcoin", soon (i dont know like 1 month) we will have found the true price increase of this "dumping  EUR for bitcoin", once its all said and done i think we'll end up on the high side of 6, but not before we take a dive to the low 6's

IMO

just think, I'm looking to buy a bunch, and I'm waiting for a crash ( is their any other way buy a large amount of bitcoin?   )

but under these market conditions... maybe 6.4 will be "the crash" everyone is waiting for, lol GO bitcoin!

Nobody here will be dumping euro for bitcoin, there is way too much money which can be made in the forex market for those who have them. And the USD will follow suit shortly after. Just wait till after the elections... you'll see.

[Bigpiggy01]

Nobody here will be dumping euro for bitcoin, there is way too much money which can be made in the forex market for those who have them. And the USD will follow suit shortly after. Just wait till after the elections... you'll see.