ok, I was waaaaaay wrong with my last call, but I'm going for it again:
The top is immanent. An ending diagonal pattern has completed or is near completion. This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010. This entire move should be retraced with the most probable bottom coming in around 1 btc = $1.
I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc.
Once the rally renews from there, I can retire...wish me luck
The top is immanent. An ending diagonal pattern has completed or is near completion. This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010. This entire move should be retraced with the most probable bottom coming in around 1 btc = $1.
I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc.
Once the rally renews from there, I can retire...wish me luck