again, how can the bubble model account for the minibull to $160? nothing like this happened in June '11.

--arepo

One of daily candidates

Another, more brutal candidate

i don't buy it.



looks more like 'final capitulation' to me, and a really bullish one at that. the market bottom is right now, and everyone's terrified on the sidelines. remember "bitcoin never crashes below its previous high?" that support at $120 is stronger than what's on the order book.

hey lucif, did you ever figure out why you were a bear during the biggest bitcoin rally ever, yet? did you make the appropriate adjustments to your methods?

In this image there is yellow line, middle of BB

Here is it (purple)

All this is long term. What about short term, like today, this week, this month.

i stand by the determination that this pattern isn't just a bubble. we were riding an incredibly strong rally, if everyone can just put their despair aside for a second. look at the timescales involved in the June '11 pattern -- we're way off track. this is something completely different.

not saying that it immediately follows that we should go up, but all this bubble talk is getting old as we've long broken that pattern. and it's not just "it's different this time", it's more "it doesn't even look like a bubble anymore".

we retraced 80% in about three days -- wtf was that? more like a massive market correction. i think the market is becoming more efficient. from what i gather, most of the weak hands were shook out already or else we wouldn't have made it to $160 in the first place.

--arepo

just saying, yay 100 pages almost lol