One more X, 3 left for liftoff:
Or doom if we fail here...
Or doom if we fail here...
Why doom specifacily and not a minor dump at this point ?
Didn't we find the ground ?
Both of us want this for sure.
But how is this decided ?
And you mean it's either doom or gloom with no middle ground, right bro ?
Careful. Notice those rises are getting smaller, so expect to break $250, yet still expect to break down again to lower lows < $155.
Why? Because it is not yet time for the bottom. Remember private assets won't be ready for prime time until after Oct 2015 according to Armstrong's model.
There will be a massive surge into safe haven assets as Greece defaults or exits. Initially this will drive up gold (and thus Bitcoin), but as the liquidity contagion ignites as of October, then people have to sell their most liquid assets, e.g. gold. This is what happened in 2007-2008, where silver made a high at $21 in early 2008, then dumped into the shitter < $9. It is slightly different now because silver peaked in 2011 and has already declined significantly. So we are just looking for the final capitulation.