Topic: Call the top - page 3. (Read 14934 times)
If we haven't topped already, I'm going to say 832$
$720 top
Methinks we'll see a mass sell-off within the next week, judging by historical data. Top will be ~$400 USD then we'll see it drop to just over $100 again.
We'll never see the $100s again.
or the $200s
$1,000
This rally:
522.5
Next rally:
Between 950-1338
522.5
Next rally:
Between 950-1338
522.5$? not 522 or 523? lol
This rally:
522.5
Next rally:
Between 950-1338
522.5
Next rally:
Between 950-1338
Methinks we'll see a mass sell-off within the next week, judging by historical data. Top will be ~$400 USD then we'll see it drop to just over $100 again.
We'll never see the $100s again.
I think the last chance to buy below $300 was last weekend..
Any historical data that points to a 80% crash is based on the assumption that our only exchange is MtGox, which is not the case anymore.
I'm convinced that in a few years, anything below $1000/BTC will be considered cheap.
I cannot wait till next EU countries starts collapsing, I'm sure we will have a party in here.
I heard the same thing when it hit $200+ and it wouldn't touch "double digits ever again." Within a few weeks, I was buying more at $70-80.Any historical data that points to a 80% crash is based on the assumption that our only exchange is MtGox, which is not the case anymore.
I'm convinced that in a few years, anything below $1000/BTC will be considered cheap.
I cannot wait till next EU countries starts collapsing, I'm sure we will have a party in here.
Really? Where on the chart was it $200+ and then $70 "a few weeks" later. Maybe the day it hit $266 for 1 minute, because that's when a friend of mine got in for $70 (so lucky).
In other words, have we started capitulation? And the market is completely clueless about it yet?
I'm looking at maybe $470 at the outside. It depends—if we can pull back and recover it might go a little higher. If not, then we start going the other way.
do you take EW theory into consideration at all? i am trying to figure out if the next correction is wave 4 or ABC corrective...
In other words, have we started capitulation? And the market is completely clueless about it yet?
I think the last chance to buy below $300 was last weekend..
Any historical data that points to a 80% crash is based on the assumption that our only exchange is MtGox, which is not the case anymore.
I'm convinced that in a few years, anything below $1000/BTC will be considered cheap.
I cannot wait till next EU countries starts collapsing, I'm sure we will have a party in here.
I heard the same thing when it hit $200+ and it wouldn't touch "double digits ever again." Within a few weeks, I was buying more at $70-80. Any historical data that points to a 80% crash is based on the assumption that our only exchange is MtGox, which is not the case anymore.
I'm convinced that in a few years, anything below $1000/BTC will be considered cheap.
I cannot wait till next EU countries starts collapsing, I'm sure we will have a party in here.
I think the last chance to buy below $300 was last weekend..
Any historical data that points to a 80% crash is based on the assumption that our only exchange is MtGox, which is not the case anymore.
I'm convinced that in a few years, anything below $1000/BTC will be considered cheap.
I cannot wait till next EU countries starts collapsing, I'm sure we will have a party in here.
Any historical data that points to a 80% crash is based on the assumption that our only exchange is MtGox, which is not the case anymore.
I'm convinced that in a few years, anything below $1000/BTC will be considered cheap.
I cannot wait till next EU countries starts collapsing, I'm sure we will have a party in here.
Uh oh, did chodpaba say we are starting to run out of steam? I do not take his comments lightly!
chodpaba, what indicators are the basis for your indicator?
chodpaba, what indicators are the basis for your indicator?
I am not treating this the same way I was trying to detect intermediate trend reversals, which I think is actually harder.
The indicator I am looking at is a simple ratio of current $volume with the cumulative total of $volume to date over a calibrated interval of BTCvolume. The accuracy has everything to do with how valid the calibration is, which is hard to tell because there are so far only two samples to go by... The $32 peak, and the $266 peak. Currently I am trying to figure out how to combine the data from various exchanges to get a better calibration. If I am right, this same kind of cycle will keep occurring, so there will eventually be plenty of points to go by.
The way I interpret this indicator is that it gleans from trading patterns what the extremes are for future price expectation. They tend to be higher farther out, and lower closer in. But then the tails start pulling in it starts to look like it is possible to extrapolate where they will finally meet. The reason this is easier for ATH peaks than it is for intermediate peaks is that it affects a larger population, and with the Law of Large Numbers on your side the projection is actually easier. It acts more like a physics problem.
Chodpada what's your current thinking, along the same lines?
$500 will be broken through and then we will crash shortly after.
Spike up to $2000 and a disastrous collapse to $800 where it will stagnate for a few months? Sweet!
$500 will be broken through and then we will crash shortly after.
my WAG:
$1975 if the Senate hearings are not negative
$524 if they are a catastrophe
$1975 if the Senate hearings are not negative
$524 if they are a catastrophe
Methinks we'll see a mass sell-off within the next week, judging by historical data. Top will be ~$400 USD then we'll see it drop to just over $100 again.
Me too.
If I am right I expect a cake
Me too.
What historical data?
Basically how the crash back in April went down (I wasn't around for the first major crash). The remarkably steep slope in the price increase has me convinced this isn't sustainable growth, so we'll be seeing a major correction soon.
Methinks we'll see a mass sell-off within the next week, judging by historical data. Top will be ~$400 USD then we'll see it drop to just over $100 again.
Me too.
If I am right I expect a cake
Me too.
What historical data?
Methinks we'll see a mass sell-off within the next week, judging by historical data. Top will be ~$400 USD then we'll see it drop to just over $100 again.
Me too.
If I am right I expect a cake
Me too.
Around 650-700 or 1200 based on previous bubbles and where we might be now in relation to them.
If I am right I expect a cake
If I am right I expect a cake
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