everyone ready for the next leg up? breakout in three... two... one...
Ready !
That's probably a really bad sign ! Capitualtion ... what the heck ... I was just cmpletely wrong ...
BTW, what are you basing this latest prediction on ?
alcohol and greed
[notice the complete lack of substance or technical defense of the claim]
i was inebriated and shouldn't have really been on the forums or daytrading at all
my bad.
passed out and sobered up, and what we're seeing now is a manifestation of this pattern:
it's hard to say, but some fractal analysis suggests that we're going to see a quick rise to about the last high ($165), a sudden correction, and then consolidation in that range for at least the short-term.
im working on making fractal analysis more rigorous (specifically, more
precise) because clearly we fell a little short of my target $165, but i think it's very powerful that i was able to predict the 'shape' of the price so
accurately. this was to be a second test of the fractal hypothesis and i think the result can be described as: "plausible". not evidenced explicitly, yet, but i'm excited to do more work on it.
Which way to break, up or down?
I'm saying up
as for your question, the market seems balanced right now (indicators neutral). $120 held as anticipated and i doubt we're going to see sub-$120 coins any time soon. extending the above hypothesis, i do anticipate a consolidation period in this range ($120-$150) for about another 12 hours, at least, and then perhaps some serious price movement. unless things suddenly start looking bearish (large dump, etc), that breakout should be up, because sideways is very bullish for bitcoin at this moment.
what do you guys think?
--arepo