+10


gox for trading is a bad joke

Running fine so far.

And how to recognize exit?

look at volume and ATR

I consider everything above V/[5]/3 is highly unstable, unpredictable and highly risky move. The V may have an sub-extension again, but this is really dangerous. Unless hourly sma 50 broken this count is valid.

There is evidently new money flowing.  The bids are filling quickly after a sell-off.

There is another wedge forming now - will that be invalidated as the previous ones?

Allow me to add my BTC 0.02 from a fundamental perspective:

I think what will happen (in a large scale) is what always happens in short term scale: shoot up, correct down to about 60% of the move, then stabilize yet above that low at whatever fiboncacci says is a nice value between 60% and 100% of original move. This would currently (if this was the top) mean well above $100. Maybe $130.

I do not think this is the top at all, tough. Reason: people are still flocking in like migratory birds. The bulk of the population still hasn't been tapped, they're standing on the sidelines waiting for things to cool off, which they will. Then they will buy, fuelling another mid-/short-term hop up. This will continue until all birds have returned to homeland for the time being. Then they will settle down, take a shit and start to eat berries and fruit. There is no indication this is already the case. Bitcoin spring has just started to cast the first rays of sun on the starved wildlife.

Will that top (for the next years) be 225, 450, 2789 or 9999? I don't know... I'm tending to think either 450 or 2789 makes the most sense.

if this bubble pops and we get to single digits it will become hilarious

The bears are not dead... 

Because it could cost 2.0 instead of 0.5 BTC.

Would be nice if we could tell the future, then we'd all be millionaires