Quote from: JimboToronto on June 19, 2016, 04:47:11 PM

Quote from: rumpey on June 19, 2016, 04:21:31 PM

If it continued shooting up without a sideways period it wouldn't be sustainable. There are steps all the way up to here on the charts, and I hope we are on the sideways part of another step up. New fiat from the banks could push the price up another step next week.

Agreed. Consolidation and profit-taking are natural after every leg up. It's just that the process can take longer with different steps. Just when you might think you've found a rhythm, it changes.

There was a time when people here talked about a standard weekend price drop after a week of rises. More recently it's been weekend rallies and weekday consolidation. This past week threw us a curveball and with a midweek rally and weekend consolidation (so far).

Lots of luck trying to predict it accurately.

+1 to both of you, it's all about sustainability.

Those who were already there in 2013 (and 2011...) aren't waiting for a new Willy, they are expecting sustainable, reality-based growth.