Quote from: masterluc on November 29, 2013, 10:35:47 PM

I dunno the top. I'm not a master Yoda =) Usually I see the signs of top in technicals (but actual top of course will be some time later signs). Those signs still absent.

For example, some time ago I said current candle is RIP. And price dump was two days later.

So far your technical analysis and charts are my favorite on the forum. I don't make or print charts, but if I did they would normally concur with yours.

Right now though is an interesting time. Because when I look at the charts they look really overbought. But they dont feel overbought to me. In fact, they feel, since the last correction pretty damn stable. Bitstamp for instance has had steady growth, China seems to be keeping its impulses to skyrocket parabolic in control by correcting itself at every upswing. Gox is the only exchange that seems to be trying to exhaust itself, but there is always that added buying pressure there.

I have been thinking 10k (actually somewhere above 9k) would be the next big correction point in China. However, I had kinda of assumed they would get there with a parabolic swing, setting up another big correction. However, that is looking less and less likely.

Although my eyes do not want to believe it for some reason, I still think there is a strong emotional flavor to a large correction or crash. And we just aren't there yet. In fact, it doesn't even feel close. There are way to many bears and way too much trepidation in the market right now - despite the growth. We need some real over confidence to move into some giant swings to get something big to the downside. And we are talking about some potentially major upside moves.

However, in the back of my mind, I must admit being concerned about some piece of bad news coming out from somewhere. I think the market is fragile and MAY just be waiting for a catalyst to go into bear mode. Bear modes are good things - they allow for the eco-system to catch up with the market speculation and thus make bitcoin stronger in the process.

I think the next bear mode may come from some bad news. Otherwise we might fly up to $2500-$3000 before we go into a bear market again.

We'll see.