Quote from: Elwar on March 27, 2014, 06:38:48 AM

Quote from: EternalWingsofGod on March 27, 2014, 06:22:10 AM

Well to me it sort of looks like were going to hit that 34 36 bar range or are passing it and this is in the low period with a rise in a few weeks not sure If I read the pattern properly though 36 bars is March 30th

Yes, the price appears to be on the low end right now and would require a lot of pressure to keep it this low for very long.

From the charts it looks like June will be the next jump through July as many on here have been predicting.

Well it looks like it will be an interesting next few months although Bitcoin is and so far has always been interesting at least from what I know about it, but if that chart prediction has anything to say about the Bitcoin price it is that we rather get our beltbuckles ready and get ready to be flying on the seat of our pants as it goes up for a while

Then again this is the speculation subforum so it must be fun to have all these guesses about direction, price flow and then factors like demand, quanity and fungibility, adoption, S-Shaped Curves, and charts then trying to figure out if this whim wham is going left right up down sideways vertical diagnoal and so forth ha-ha.

But June or July seems plausible as tax rebates usually arrive by then and the individuals who feel like investing and taking a bit of risk decide to invest a portion of their holdings in Bitcoin, and after doing so go to the nearest pub and drink some fine whisky before becoming a broke chump again by the time Christmas arrives Grin

Pattern - Janurary Broke Feburary things cheap still broke March Taxes April Rebates and Tax Free Day US May (Stock Market Break Period to enjoy the season) June Tax Free Day Canada perhaps users buy Bitcoin July Patriotic Celbration Both Countries
Aug-Nov Money Accumulation December - Holiday Spending

So can see where that prediction can come from as well.

http://en.wikipedia.org/wiki/Tax_Freedom_Day

Quote from: podyx on March 27, 2014, 06:54:39 AM

Quote from: Elwar on March 27, 2014, 06:38:48 AM

Quote from: EternalWingsofGod on March 27, 2014, 06:22:10 AM

Well to me it sort of looks like were going to hit that 34 36 bar range or are passing it and this is in the low period with a rise in a few weeks not sure If I read the pattern properly though 36 bars is March 30th

Yes, the price appears to be on the low end right now and would require a lot of pressure to keep it this low for very long.

From the charts it looks like June will be the next jump through July as many on here have been predicting.

Thing is that we can't use past things to predict the future even though I still believe we are in 1 or 2 bubbles the coming 2 years

It simply don't make sense to have a small cap of 7 billion for so long

I agree although where a good market cap is makes me wonder what it will be by the end of the year
Somewhere around a google valuation seems fair but that brings the price up to 10K a Bitcoin so perhaps some middle ground between those points is where it will settle at.