ShortThePlanet
Short

Possible Head & Shoulders

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
273 5 5
Possible Head & Shoulders formation. If we see it, price target is $100 by December
@Dunster - Welcome to the typical forecasts of our resident bear, Contentsys. He has been calling for 50 for the last 5 months. Him saying a bottom of $100 is actually quite bullish. We love the guy though. ;-) And when it corrects (finally) he will say he called it. ehehehe
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ShortThePlanet ItsAboutSharing
I said $100 is not a bottom, just mid target for December. Bottom will be in February, sub-50
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ItsAboutSharing ShortThePlanet
But, you also said that last week. ehhehe And when we kept going up, you disappeared. You cost a few people money with your fear mongering. You have been telling people to get out hard since 200. I don't deny a nice correction is coming. But we probably don't see sub 100 unless there is very bad news.
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ShortThePlanet ItsAboutSharing
I don't count someone's money, everyone needs to use his own brain to trade. And also, I can't be 24/7 here, I want to work ;) I'm not interested in looking at irrational people buying bitcoins and pushing the price to these levels. But now I see that we went above $266 which means that the bottom will not be $50, it will be sub-50, maybe even close to $32. Time will tell
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This is a joke, you are missing half the pattern and hoping for the other half of the pattern. At least let the right should form before calling these.
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