Quote from: Tzupy on December 12, 2013, 10:25:09 PM

Some uber-bulls chose to ignore the 'bears only' title, again. This time it was followed by a 'please'. What does it take to keep uber-bulls out of a thread?

If the current market is going to follow EW patterns, then the very bottom has to be no higher than 495$ (Gox price).
That's because corrective wave C has to be at least as large (% wise IMO) as corrective wave A.
If the market will behave like in April, then the very bottom could be in the 250$ - 300$ range.
But the bottom depends heavily on how many coins will be panic sold when most of the market understands that it's a bear market.
And that's impossible to predict IMO, could be 50K more or 150K more, with hugely different outcomes.

I really was not bullish until now. But based on my previous observations on this forum, price usually goes up when Tzupy appears and say that we are in the bear market. This indicator works surely better than EW.

So from now on, I should probably stay out of this thread Tongue

uyo

Posts

Merits