Topic: mtgoxUSD bounce to $41 drop to $20 (Read 1517 times)
Nice thread
In other words, OP is saying that the support has been increasing ~10% per 2-3 month rally.
I'm saying it's more like ~100%, and will continue to do so until it doesn't. It will all make sense in hindsight
I'm saying it's more like ~100%, and will continue to do so until it doesn't. It will all make sense in hindsight
As we all know animals can predict great catastrophes, like earthquakes, volcano activities, meteor showers, bubble pops....
THERE IS A PANIC IN THOSE CATS EYES! SELL, SELL, SELL!
THERE IS A PANIC IN THOSE CATS EYES! SELL, SELL, SELL!
History repeats itself but not in the way we thought. That explains why predictions are wrong 
I wouldn't be so sure. I'm getting a meow reading of 28 with this chart. here's the same chart with the patented NYAN technical indicator I'm using:
Are you seeing what I am seeing? I think the indicator here speaks for itself.
I think it's pretty obvious we're in a speculative bubble. So while we can't predict the top (and therefore cannot cash out at the top) we know the price will be lower 2 or 3 months from now. My speculation is that it might be best to start cashing out slowly. Like dollar cost averaging but in reverse. That's how I am approaching this market now.
Meow.
History repeats itself but not in the way we thought. That explains why predictions are wrong
It appears as if we will bounce back to ~10% over support just like we did the last three times.
Target price in 2-3 weeks: who knows, who cares?
Target price in 2-3months: just under $20
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