BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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---- EDIT: Title should say "BTC" not "BCT" ---- Here's a simple fan chart following trend from Jan which shows target to 250 level by mid-Summer. There are just too many bag holders at this time and level to give any hope until Despair mode is over. Again, look to short any bounces and/or go long any dramatic down-swings... but be careful holding anything long for long.
What is the statistical basis for your labeling? Tough to buy your argument when your argument essentially is "believe what I say cause I said it".
Kubera AKWAnalytics
This is not so much a statistical analysis... but more a feeling for investor psychology and history. Charles MacKay's 1841 "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" -- audio book: -- is probably the best and earliest work -- -- Of course, anything can happen, say Paypal adds Bitcoin as a payment option and we're back on our way to 10,000. I hope this happens soon... but it more likely that between now and then we'll see more downward movement to fulfill the historical asset bubble cycle.
Whats BCT??
Kubera pumapunko
Thanks... title should say "BTC".
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