Quote from: pickard on December 12, 2013, 08:20:10 PM

Quote from: vosovich on December 12, 2013, 08:13:41 PM

Quote from: pickard on December 12, 2013, 08:03:51 PM

Quote from: adamstgBit on December 12, 2013, 07:57:38 PM

wow you desperately want to see a head and shoulder pattern eh

I would love to be correct, yes.

especially when someone said my TA was pulled from my ass?!

This may not be realised, but the pattern is there non the less.

I have near zero knowledge of this market and can tell you, your prediction is unwarranted. The first tooth in the zigzag pattern is made up to be consistent with the two following teeth. It is not consistent with the actual data. What remains is the two teeth. Your prediction amounts to "it went up a bit, down a bit more, then up a little bit less, therefore a crash will happen". I will eat my words if it goes down to 200, as you predict.

I did not predict 200. I predicted below 800 within 24 hours (about 3-4 hours ago) and said earlier that sub $500 I what I think could happen. The graph is worse case not looking at other non TA factors.

I don't expect $200 BTC but I would love to buy at that price.

Ah, I see. Fair enough. But the second graph does imply it. If it doesn't happen than the pattern you drew was not a pattern to begin with but merely a sawtooth that loosely resembled past events (again the first tooth does not reflect the data).