Topic: ~415 - Break out up, or down? - page 9. (Read 8819 times)
It's been going up so far. I don't mind it if it keeps going up.
Up it went. Please nobody trade on my thoughts but I am thinking it could either get cold feet around 400 and crash a bit, or rally and form new support around the 410 mark. Fun times.
I notice the price has started an uptrend since the Chinese exchanges got permission to take direct bank deposits. The Chinese were partly responsible for the rally to $1100, and then their new rules helped put the brakes on. Now it's easier for them to buy Bitcoins we might be finally past the bear market of the last two years.
True my ass-pull TA is more based on long term.
With optimism I mean no more fallllliiiiiiing clone threads. People asking if they should invest... Etc.
Well, don't worry, as you are not doing much worse than most of the TA experts. Just take it with the grain of salt. With optimism I mean no more fallllliiiiiiing clone threads. People asking if they should invest... Etc.
The thing is that we reversed the down trend and once we will get the spark, the things can start moving quickly again. When it comes? Hard to tell, but as I said, I see it more probable in the spring of 2016, rather then in 2015.
Up it went. Please nobody trade on my thoughts but I am thinking it could either get cold feet around 400 and crash a bit, or rally and form new support around the 410 mark. Fun times.
Finally some good times for bitcoiners. Let's hope the market sentiment don't change and momentum get's back up.
Then we can say hi to 500 at the end of this year.
Then we can say hi to 500 at the end of this year.
I think we won't see any difference than early November pump. Even if we pass 500$ we go back again to 300's.
Then let's just enjoy the ride shall we? We all know what ever the reason behind this rise, it's gonna go down soon. Maybe even to a new floor. So the best thing we can do is profit from it.
Nobody is great at TA (only about 5 people in this forum are worth listening to and I'm not one).
Plus points...
- We have had a long bear market.
- 1week logarithmic EMA has been positive for a long time.
- Optimism in the forums.
- Block halving on it's way
- No banning as far as I know
- Bitcoin is being recognized, taxed and adopted.
Negative points...
- More terrorism and Bitcoin is enabling them (could be a positive price driver but I hate terrorists)
- Price of bitcoin is high and people need to change their mindset to owning part of a coin
- Serious money needed to push price
My conclusion would be that we will get a good rise in the oncoming weeks.
Previous bubbles have been 30 days of mega rising.
There will be a bubble, I think we might hit just above the previous ATH before people get scared and stuff.
This is my pull-out-of-ass TA
Plus points...
- We have had a long bear market.
- 1week logarithmic EMA has been positive for a long time.
- Optimism in the forums.
- Block halving on it's way
- No banning as far as I know
- Bitcoin is being recognized, taxed and adopted.
Negative points...
- More terrorism and Bitcoin is enabling them (could be a positive price driver but I hate terrorists)
- Price of bitcoin is high and people need to change their mindset to owning part of a coin
- Serious money needed to push price
My conclusion would be that we will get a good rise in the oncoming weeks.
Previous bubbles have been 30 days of mega rising.
There will be a bubble, I think we might hit just above the previous ATH before people get scared and stuff.
This is my pull-out-of-ass TA
What is Bitcoin enabling them and how precisely? Bitcoin is the worst way to money laundering, so what are you talking about...
It's $373.11 in coindesk price and maybe more in other websites/exchanges, i think the bitcoin will break $400 soon if not this month(november)
Again i am watching price tickers on every of my gadget and computer lol. I hope we will have new floor at 350-400 this time.
In a tough spot. I'm long term long on the btc I already have but have been looking for another low to buy more. It has to drop back down to like ~350 at least sometime in the next 2 weeks right? Isn't it a self fulfilling prophecy that the price gets pumped up around black friday and tanks shortly after? Or is this movement from some wider optimism or argentina or what have you?
Finally some good times for bitcoiners. Let's hope the market sentiment don't change and momentum get's back up.
Then we can say hi to 500 at the end of this year.
Then we can say hi to 500 at the end of this year.
I think we won't see any difference than early November pump. Even if we pass 500$ we go back again to 300's.
It looks like we go up and there's no real resistance until 400$. Very exciting times come again.
Finally some good times for bitcoiners. Let's hope the market sentiment don't change and momentum get's back up.
Then we can say hi to 500 at the end of this year.
It looks like we go up and there's no real resistance until 400$. Very exciting times come again.
True my ass-pull TA is more based on long term.
With optimism I mean no more fallllliiiiiiing clone threads. People asking if they should invest... Etc.
With optimism I mean no more fallllliiiiiiing clone threads. People asking if they should invest... Etc.
- More terrorism and Bitcoin is enabling them (could be a positive price driver but I hate terrorists)
Maybe you will die from lightning, bees, and terrorists all in the same day, while also winning the lottery.
Nobody is great at TA (only about 5 people in this forum are worth listening to and I'm not one).
Plus points...
- We have had a long bear market.
- 1week logarithmic EMA has been positive for a long time.
- Optimism in the forums.
- Block halving on it's way
- No banning as far as I know
- Bitcoin is being recognized, taxed and adopted.
Negative points...
- More terrorism and Bitcoin is enabling them (could be a positive price driver but I hate terrorists)
- Price of bitcoin is high and people need to change their mindset to owning part of a coin
- Serious money needed to push price
My conclusion would be that we will get a good rise in the oncoming weeks.
Previous bubbles have been 30 days of mega rising.
There will be a bubble, I think we might hit just above the previous ATH before people get scared and stuff.
This is my pull-out-of-ass TA
To be honest, I see very little arguments on the plus list that could influence the price in the short-term (by the end of 2015). Halving is still quite far away and I wouldn't expect it to spark the next leg up as for now. Optimism in the forums? Well, I bet most of the people who put money in Bitcoin don't post to this forum (and others we may read). Does anything fundamental Bitcoin-positive has happened since the time we saw the price at sub-$200 levels, or you could do a similar list back then and say: ok, now it should rise. The only thing that is indeed positive and I can agree is that we painted the charts positively, reversing the down trend started after collapse of Mt. Gox. Trend reversals are usually very slow processes and this one should be similar. I wouldn't expect fireworks ($800 would be a firework to me) yet. Not yet, doesn't mean they won't come closer to the halving. Plus points...
- We have had a long bear market.
- 1week logarithmic EMA has been positive for a long time.
- Optimism in the forums.
- Block halving on it's way
- No banning as far as I know
- Bitcoin is being recognized, taxed and adopted.
Negative points...
- More terrorism and Bitcoin is enabling them (could be a positive price driver but I hate terrorists)
- Price of bitcoin is high and people need to change their mindset to owning part of a coin
- Serious money needed to push price
My conclusion would be that we will get a good rise in the oncoming weeks.
Previous bubbles have been 30 days of mega rising.
There will be a bubble, I think we might hit just above the previous ATH before people get scared and stuff.
This is my pull-out-of-ass TA
if china exchange can take the shock ... we can be progress highly and ... easly.
It will take a few days to confirm the upward break but I'm confident it's a sure thing.
It already broke upwards yesterday, meaning the odds of dropping below $350 were severely decreased:
Chart I made earlier. The 5th wedge maintenance buy came in instead of a dump, which might have locked in $350. At the very least it's gonna cause a long time span of sideways movement with a platform for further up:
Then:
Now:
I fucked that up drawing charts with an ideology I don't agree with, that outlier data is useful for anything whatsoever. Here's a better chart. That second downward wave had a lot of sideways to it and looked happy to stay around 2240 yuan ($350), so if the triangle converges downward, worst case scenario is panic to $340-345, then probably bounce back to $345-350. Miner whales may attempt to converge it at $367, then drop, then above a $370 double top for a huge rally to $385-400.
Chart I made earlier. The 5th wedge maintenance buy came in instead of a dump, which might have locked in $350. At the very least it's gonna cause a long time span of sideways movement with a platform for further up:
Then:
Now:
Break up to stay around $400.
I have the feeling we will make an attempt to touch the $400 barrier the comming weeks. The price stays quite strong above $350 which is a good thing.
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