Any thoughts about future direction ? - page 2.

netrin

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Quote from: Crypt_Current on December 07, 2011, 11:10:39 PM

Quote from: netrin on December 06, 2011, 06:00:57 PM

... However, a drop below $2.5 (the first peak 20 November since <$2) would have devastating psychological impact.

Can you post a chart or graph relating psychological impact to BTC/USD price? Please measure impact in units of nano-WTFs.

The graph of devastating psychological impact is similar to the trajectory of a brick falling from the roof.

Crypt_Current

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Shame on everything; regret nothing.

Quote from: netrin on December 06, 2011, 06:00:57 PM

... However, a drop below $2.5 (the first peak 20 November since <$2) would have devastating psychological impact.

Can you post a chart or graph relating psychological impact to BTC/USD price? Please measure impact in units of nano-WTFs.

Crypt_Current

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Shame on everything; regret nothing.

Quote from: iamzill on December 07, 2011, 03:13:21 PM

Bitcoin could reach up to $4 or more. I'm 100% certain about this.

When? My guess is sometime soon; if not then, then later. What do you think?

ineededausername

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bitcoin hundred-aire

Quote from: Jonathan Ryan Owens on December 04, 2011, 05:13:38 AM

going to 2.6

then to 2.9

then above 3, stall out early in the week

big sell off back to 2.8

upswing to 3.5

Hi everyone, I want to point out that Jon got the first three perfectly correct. He called the 2.6 bottom EXACTLY, then a 2.9 spike EXACTLY, then the stall out at $3 EXACTLY :O

iamzill

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Bitcoin could reach up to $4 or more. I'm 100% certain about this.

neptop

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Hmm the fact that difficulty is very likely to rise could have a positive effect (as it will become cheaper to buy them).

Crypt_Current

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Shame on everything; regret nothing.

Nope, none. I'm gonna go click some things and make some numbers happen now.

netrin

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FirstBits: 168Bc

If bitcoin does not breach $3.14 immediately, and I do not think it will, then I expect a bounce below $2.6 before peaking in the $3's. However, a drop below $2.5 (the first peak 20 November since <$2) would have devastating psychological impact.

tulkos

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Quote from: SaintFlow on December 06, 2011, 12:55:24 PM

if we can reach 3.25 we can go to the moon and have a nice little afterbubble.
otherwise I expect a drop of about .2-.3 over the next 2-3 weeks.

I for one am strained in chistmas budget and cannot buy additional coins this month.

Can we first drop to 2.5 to ignite the engines in prep for lift off, its just where my money is thats all Tongue

SaintFlow

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The first is by definition not flawed.

if we can reach 3.25 we can go to the moon and have a nice little afterbubble.
otherwise I expect a drop of about .2-.3 over the next 2-3 weeks.

I for one am strained in chistmas budget and cannot buy additional coins this month.

Cluster2k

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Quote from: ArsenShnurkov on December 04, 2011, 08:06:10 AM

Quote from: Cluster2k on December 04, 2011, 08:04:15 AM

the speculators tried to cash out as quickly as possible

If it was started from 2.4, will it stop at 2.6 ?

Still on a downward trend. I wouldn't expect it to go below $2.50 however. Some people who bought on the sizzle of the news are likely to hold for better selling opportunities.

ArsenShnurkov

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Quote from: Cluster2k on December 04, 2011, 08:04:15 AM

the speculators tried to cash out as quickly as possible

If it was started from 2.4, will it stop at 2.6 ?

Cluster2k

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The hype from the Fox news story has worn off. Many people bought on the news and kept buying while it was going up. As soon as momentum dropped the speculators tried to cash out as quickly as possible.

YoYa

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Always verify deals with me through my public key!

It's good to see your hypothesis concur with mine! Onward price graph!

neptop

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Always near to the loss-margin, but in general above it.

Technomage

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There is only one thing that I know for sure, the $2.5 zone is a massive bear trap. Combined with the incredible strength the $2 support zone has demonstrated in the past, Bitcoin has actually had more good news and more positive indicators (spikes in google trends, a probable reversal in transaction count decline etc.) than in a long time.

So unless some really bad news come up, I can't even see a test of $2 as a possibility. That's why we're in a big bear trap around the $2.5 mark and I think most people realize this, which will probably lead to back and forth between $2.5 and $3 for a while. There is a possibility of a spike to lower than $2.5 though, if there are people willing to step on it, so to speak.

And I do agree that the next time we pass $3, there is likely to be more enthusiastic buying at prices over $3, leading probably to a break of $3.5.

ArsenShnurkov

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Can your explain your targets?

I can also write something:

Down to 2
Up to 2.4
Down to 1.9
Up to 2.2
Down to 1
Up to 1.8
Down to $0.75

Jonathan Ryan Owens

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going to 2.6

then to 2.9

then above 3, stall out early in the week

big sell off back to 2.8

upswing to 3.5

ElectricMucus

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Marketing manager - GO MP

I think that is it for now, we are at least heading back to 2.9 but if it will surpass 3.14 is questionable.

zby

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The rally speed was unsustainable - a correction was long overdue and only the bid wall was postponing it, when it was broken this generated a lot of down momentum - but it quickly got dumped. Maybe it is still early - but it seems that this time a sell off of 45K BTCs didn't have the same consequences as the last time - that shows the strength of the uptrend. My prediction is that there will be one small wave up, then again one down and then we'll be back to the up trend.

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