Indeed time to begin, but probably not only short term for me.

So, "good news" guys, how do you explain all of this despite the "good news"? Learn to realize it, markets are made up of people and people make up their decisions according to their emotions which in turn is the lense for EVERYTHING external!

Reminiscences of a Stock Operator definitely helped me. You could also read the shorter "How to trade in Stocks" where Livermore puts forward his actual method explained at the end. Right now I'm reading Fooled by Randomness.

Goomboo has a nice reading list.

If it doesn't have to be a book, I like http://www.babypips.com/school for learning technical analysis.

Currently reading Kirkpatrick/Dahlquist's 'Technical Analysis'. Don't have much to compare it against, but I like the solid, methodological style, similar to the textbooks I'm used to.

thanks

edit: there was a post on here not long ago (i think it was on this thread) with a link to bitcoin elliot wave analysis done by a respected german gold trader (or something like that?) Does anyone have a link or know what his name is so I can look it up?

I tend to agree.. if volume remains low while going up, and high while going down - logic would dictate that there are more people wanting to sell than buy. And down we go.

Looking at google trends, there can't be that much new money coming in.. and that's a problem. If I'm not mistaken, the big rallies have often, if not always, corresponded with a rise in the google searches. We've been declining for some time now.

Yeah very few of the general population grok bitcoin

True, if you call "smart" money people who trust their holdings to others and pay hefty fees for this.