Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time?  (Or is it to early to surmise?)

If $130 holds from here on out... anyone not holding BTC will probably be very regretful.

 

Right... actually note the day 

He sold them at what he thought was the 3 top, before the extension. So he was out of the market long time before this last euphoric leg.

Looks like this will be quite painful akin to the drop from 32 to 1.8 or what it was last time. I sat through that one as well and intend to sit through this on as well. Next leg will be a thing of such beauty it will butthurt those that sell everything they got now in panic.

Waiting eagerly for updates on wavecount from Lucif...

But it seems mostly plausible considering the time scales involved that the 31.9 peak was Major 1, the 1.994 Major 2, This peak at ~260 Major 3 and that we are now headed against Major 4. Depending what kind of correction this will be determines a little bit how low this can go. A lot of the 4th wave corrections have been those ascending bull triangles which would mean the largest drop is already finished. If its a standard ABC im not sure how deep its allowed to go without invalidating EW principles. For certainly not past 31.9. No matter what wave count this will be interesting and the third leg will come. Sentiment will be reset just enough by this fall to facilitate third leg. Sentiment even at the peak here was not euphoric in any sense which clearly indicates that there is room for more growth.

[ quote author=firstcrypto link=topic=131065.msg1799792#msg1799792 date=1365649477]

But it seems mostly plausible considering the time scales involved that the 31.9 peak was Major 1, the 1.994 Major 2, This peak at ~260 Major 3 and that we are now headed against Major 4. Depending what kind of correction this will be determines a little bit how low this can go. A lot of the 4th wave corrections have been those ascending bull triangles which would mean the largest drop is already finished. If its a standard ABC im not sure how deep its allowed to go without invalidating EW principles. For certainly not past 31.9. No matter what wave count this will be interesting and the third leg will come. Sentiment will be reset just enough by this fall to facilitate third leg. Sentiment even at the peak here was not euphoric in any sense which clearly indicates that there is room for more growth.
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Do you have trouble reading body language or emotions in general? Do you become really fixated and obsessed with activities that involve a high degree of repetition?

No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.

30-50 is fair price today imho.

The very fact that nearly everyone is still insanely bullish implies that the price needs to continue declining from the $266 peak for a while to complete a proper correction

give it time

looks as if it goes to 120 today

Most importantly, theyll hate themselves... and thats when shit get serious...