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
Hopefully you're right. I won't purchase btc unless it falls well below $10, otherwise I'll just accept that I was late to the party. I'll be kicking myself if the value skyrockets though.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
Agreed. I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00. Otherwise I'll just have to love with my 5 BTC and be happy. :/