Quote from: chessnut on April 01, 2014, 08:24:39 AM

Quote from: AnonyMint on April 01, 2014, 08:20:14 AM

Quote from: chessnut on April 01, 2014, 08:17:47 AM

Quote from: AnonyMint on April 01, 2014, 08:12:25 AM

Did you read the article or not?

yes I did read the article. he said it will form a base in the next quarter, not crash. as for the range he describes, why would you believe he has the formula to predict $350 bottom? 436 bottom has given us all the signals we need.
all the past bubbles have consolidated in a wedge. thats a sequence of 5. if the price dropped to 350, this one would break that rule. wedges have significant meaning in consolidation.

Did you read his points about why there is now more structural selling? Specifically that there are too many retailers and retailers convert immediately to fiat. And consumers are not growing as fast. Because Bitcoin is wonderful for merchants (no chargebacks) but sucks for consumers .

dont forget that the mother of all uses of bitcoin will be money transfer. That could be organised in months. anything to do with retailers and consumers have never had an impact on the market. the market cap is speculative.

Marginal flows.