Sure. Basically, based on historical comparison. I'm not a follower of applying any strict rules of how a post-peak bear market has to play out, but, very approximately, it seems that at least time wise there's some correspondence between run up and subsequent decline. So I would expect January, February the earliest as an end of the overall bearish trend (i.e. the post double top period we're in now). There's also some correspondence between pre-run up price, ATH price, and final bottom, but it's less clear to me. But the time component really sticks out in my view.
Thanks.
So, if my fading memory is close to correct, the summer crash was 'caused' by the MtSux debacle and the recent crash was because the cny market was 'supposed' to be dead in the water.
I'm prolly wrong but the way I see it is that the market, you and I and all the others, was ready for a correction and the events were right there to allow it to happen.
XBT seems to run more on emotions than on fundamentals. If that is true then perhaps there is a need for the price to go higher now. ::shrug::
