Quote from: lebing on December 06, 2013, 09:05:38 AM

Quote from: molecular on December 06, 2013, 08:56:11 AM

Quote from: masterluc on December 06, 2013, 05:47:27 AM

Quote from: sumantso on December 06, 2013, 05:40:02 AM

What exactly do you mean by 'end'? Value getting halved? double digits? pennies?

End of first historical bullish trend 2010-2013.

I disagree. The recent corrections range from healthy after-hyperbole "normal market" corrections to media-driven overreaction (china central bank). Technically double-top (1250 gox) is bad, but we also have double bottom (850 gox). I think we will enter huge triangle between 850 and 1250 which will take some time to resolve. Maybe around January we will exit to the upside and go for 2-3k in Q1 2014.

This.

I really enjoy Lucif's technical analysis, but most recently I find he is falling back into his old pattern of wanting the market to do what he thinks it is going to do rather than using his considerable skills to read it. As far as I can tell there is absolutely no justification, especially from a fundamental perspective of why we would all of a sudden see a turn around of 4 years of adoption curve/ price increase. I would love to hear however why I am wrong.

I think he is using his skills. He is talking about waves and technical indicators.

I think it is hard to say that we are at top or not. From Elliott wave principle

Quote

Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market.

It is good to be cautious in these times. Not to take part of the profits out now, it seems silly to me.