Topic: Bitcoin to $551/btc btce before Christmas: Interpolation Infographic (Read 3394 times)

7588y/btc was the entry into a long decline to 3300y... (ultimately the biggest bear trap known to man; long) .  Price will rise again out of 3000 to 15 000 or more.

So.  At price point 5950y I dumped 100% to fiat.

(also dumped topside pre 7588 @ 7400, and ran a short on the first bounce from 5000-5950; but that's another story and I hedged ten ways )

We've been as low as 5002y as of this morning; 5232y last.


I have interpolated multiple short events and all show the same clear price point (and common bull/bear pattern) to me.  See this one for example, which played out about 3 hours ago on 1 minute candles:

Here you see it overlayed, projecting on our 12h chart:



it was taken from this event on 3m  seen here:




if you see the support lines in first image; you'll also see $550/3300y represents a "decent guess" projecting linearly from previous support.

Also, I note Bitcoin long = 0.59% daily on average since day 1.

August 2012, April 2013, and November 2013 are the only month long periods where price has gained for 5% daily.  I recall what happened after August and April clearly.

Things certainly seem to lean "cresting" since 7588y these days.


Bottom bounce medium scale

3300y

$550

Ultimate bottom February $360

I say we tap $650+ between

Our 0.59% daily long puts us back at $1000 in August of 2014; I suspect hype will bubble it to $2000 or more by then though,  Only to repeat, recycle, etc.


So I dumped my 6000y crypto and I'm gonna pick up some 3500y crypto.

That's why




Now regarding why LTC is Bulling BTC

Just have a look at the 12h LTC/BTC:

I definitely think if we have a major dip (below $600), we're looking at a "last chance to buy low" kind of scenario. I would advise anyone here to keep some fiat ready and buy up some more coins, it will help you with cost averaging and accumulation.

Hey, at least for once this guy is putting his money where his mouth is.  I can respect that, even though I think he's going to be left behind if he waits too long.

But I would love to pick up a couple more BTC for cheap before we take off like a rocket in January, so here's to hoping it's true.

 thats my plan

Yup, this model is based entirely on that assumption.

Where is it coming from?

btce price -- what about other exchanges? 

If you believe in this graph (and future extrapolations), you may just hold and in 20 years buy the United States 

litepresence, what is your basis for believing LTC will be .1 within 2.5 weeks?

And if you believe this, why are you 100% in fiat?

I never hold fiat.  Right now... 100% fiat.


I am a short bear on the moment and a mid bear since 7588y/btc


Long?

not asking about long term position
thanks

i guess the question is... when does A start again?

Long term bull actually if you followed my posts. But that doesn't mean i don't believe Bitcoin suffers from dips and corrections along the way, which present excellent buying opportunities for buyers.

if i could make good analysis.... i would share it.... then maybe after some good calls, open subscription service.... no reason cant be self-interested and not manipulating

"trust me, pal, i'm just doing the best for you!"

If LTC hits .1 BTC by New Year's I'll be the next to purchase a Lamborghini.  So yes, I hope you're right.  Not sure, but I hope

you are short-mid term bull, correct? hmmm.

I would not call any of this speculation "analysis". It is guessing. But hey, some times guessing works ok.

Thanks for the analysis Litepresence, always appreciated.

litepresence is actually a v good technicals/chart analyst, i know him since back in March 2013 from Btc-e. He has been pretty much spot on the vast majority of times, i def wouldn't underestimate his analysis / predictions.

I'll use this post for updates / modifications... try not to edit the original.

LOL