Bearish TA | Bitcointalksearch.org

Amph

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Quote from: tokeweed on April 11, 2015, 08:17:46 AM

Quote from: RyNinDaCleM on April 11, 2015, 08:05:53 AM

Quote from: tokeweed on April 11, 2015, 04:21:01 AM

Quote from: Q7 on April 11, 2015, 04:15:41 AM

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok. Where do you think the price of bitcoin be when the halving happens?

Price would do just fine where it is now. We are obviously out mining (non-speculative) demand so it may give a near perfect balance. Of course, if some seriously good shit happens before then, it's entirely possible to double price. That's what you wanted to hear, right?

But what if BTC stablizes around 150 when the halving happens?

look at the positive thing, less hashrate/less diff, more opportunity for many people in the world to join the mining experience

and at that price it would be a great chance to buy in a big chunks, bear market by then should be k.o.

inca

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Quote from: Fabrizio89 on April 12, 2015, 03:52:02 AM

Everything on higher timeframes is pretty fucked up, every pump required the same strenght to reach lower highs, technically the bear trend is still intact. We need a huge influx of new bagholders for it to end.

Why do you say that? The exponential trend line will be about 280 by June. We came within 30 dollars of breaking the trend two weeks ago. Not sure why people expect new users to be buying in a frenzy at the end of a bear market. New users are attracted by bitcoin newsflow about rising prices, no?

The trend will break when whales want it to.

Fabrizio89

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Everything on higher timeframes is pretty fucked up, every pump required the same strenght to reach lower highs, technically the bear trend is still intact. We need a huge influx of new bagholders for it to end.

Q7

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Merit: 250

Quote from: tokeweed on April 11, 2015, 08:17:46 AM

Quote from: RyNinDaCleM on April 11, 2015, 08:05:53 AM

Quote from: tokeweed on April 11, 2015, 04:21:01 AM

Quote from: Q7 on April 11, 2015, 04:15:41 AM

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok. Where do you think the price of bitcoin be when the halving happens?

Price would do just fine where it is now. We are obviously out mining (non-speculative) demand so it may give a near perfect balance. Of course, if some seriously good shit happens before then, it's entirely possible to double price. That's what you wanted to hear, right?

But what if BTC stablizes around 150 when the halving happens?

Well, we can continue to speculate and in the end come up with nothing. I don't want to put any number here but as long as it stays that way until the halving and then after that continue to climb, that is good enough for me. I wouldn't be really bothered if it drops too low, so long as there is something to look forward to.

tokeweed

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Quote from: RyNinDaCleM on April 11, 2015, 08:05:53 AM

Quote from: tokeweed on April 11, 2015, 04:21:01 AM

Quote from: Q7 on April 11, 2015, 04:15:41 AM

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok. Where do you think the price of bitcoin be when the halving happens?

Price would do just fine where it is now. We are obviously out mining (non-speculative) demand so it may give a near perfect balance. Of course, if some seriously good shit happens before then, it's entirely possible to double price. That's what you wanted to hear, right?

But what if BTC stablizes around 150 when the halving happens?

RyNinDaCleM

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Legen -wait for it- dary

Quote from: tokeweed on April 11, 2015, 04:21:01 AM

Quote from: Q7 on April 11, 2015, 04:15:41 AM

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok. Where do you think the price of bitcoin be when the halving happens?

Price would do just fine where it is now. We are obviously out mining (non-speculative) demand so it may give a near perfect balance. Of course, if some seriously good shit happens before then, it's entirely possible to double price. That's what you wanted to hear, right?

tokeweed

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Life, Love and Laughter...

Quote from: Q7 on April 11, 2015, 04:15:41 AM

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok. Where do you think the price of bitcoin be when the halving happens?

Q7

sr. member

Activity: 448

Merit: 250

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

tokeweed

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Quote from: inca on April 11, 2015, 02:11:35 AM

Quote from: tokeweed on April 11, 2015, 12:11:14 AM

Quote from: Amph on April 10, 2015, 07:06:28 AM

Quote from: ensurance982 on April 10, 2015, 05:52:37 AM

Quote from: tokeweed on April 10, 2015, 04:41:12 AM

Quote from: ensurance982 on April 09, 2015, 08:42:57 AM

Why shouldn't we turn this trend around again? I think the most probably scenario right now is that the bull market of 2013 was mostly caused by gox and the block halving, many ASIC companies, and a lot of media attention. If we factor out those bubbles, we're still on the long-term exponential track!

That late 2013 surge to 1200 was caused by the Willybot. The media attention just followed after because of the surge. Everyone thought that was it, the big one. But just like the stock market hype machine, it's not.

Even if factor out both bubbles of 2013, we're back at the long-term exponential trendline. I also believe that the Willybot may be a real factor in this whole deal, but Bitcoin has gone up before Willy was in charge.

because it wasn't only willybot that rised the price(i''m not buying it at all), that was just an assumption made from someone here, i would add that chinese played a big role too, and also doge has brought many new comers to bitcoin's scene, that was also another reason for the 1200 peak

What occured late 2013 was a pump and dump, pure and simple.

Some people would say no... But BTC is an unregulated market place and it happened, and will happen again again. Even in regulated market exchanges the pump and dump happens. It's a reality in the markets.

It is also just your interpretation of the events that occurred. It ignores that Mt Gox died with an alleged 1/2 billion dollar loss of coins that probably never existed except on the gox internal database. It ignores that the Chinese central bank deliberately intervened to threaten the legality of bitcoin in the 2nd biggest economy of the world, a country that was responsible in part for the rising price during the end of 2013.

The price got ahead of itself after a bubble and has been deflating. The difference this time is that leveraged exchanges like bitfinex have prolonged this bear market hugely by allowing shorting.

My point is this... BTC is unregulated, so price manipulation did happen and will happen. Even stocks are manipulated all the time. And that's regulated and overlooked by the SEC, mind you. What more the crypto-scene?

AceWallen

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Quote from: Okurkabinladin on April 08, 2015, 08:24:50 PM

So in your opinion double digits are possible and bear market will continue for another 3+ months? Not impossible, just unlikely. Final flash crash and recovery to atleast current levels seems more like bitcoin.

yeah but there is no denying that we have been in a consistent bear market for more than a year. any moving average system on the weekly chart will tell you that. so i am more interested in when *this* will end.

BitcoinNewbie15

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Bitcoin isn't a bubble. It's the pin!

This TA id indeed quite bearish... I'm not sure if BTC will continue that trend or not. double digits does seem far away, but I guess it could be very possible.

inca

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Quote from: tokeweed on April 11, 2015, 12:11:14 AM

Quote from: Amph on April 10, 2015, 07:06:28 AM

Quote from: ensurance982 on April 10, 2015, 05:52:37 AM

Quote from: tokeweed on April 10, 2015, 04:41:12 AM

Quote from: ensurance982 on April 09, 2015, 08:42:57 AM

Why shouldn't we turn this trend around again? I think the most probably scenario right now is that the bull market of 2013 was mostly caused by gox and the block halving, many ASIC companies, and a lot of media attention. If we factor out those bubbles, we're still on the long-term exponential track!

That late 2013 surge to 1200 was caused by the Willybot. The media attention just followed after because of the surge. Everyone thought that was it, the big one. But just like the stock market hype machine, it's not.

Even if factor out both bubbles of 2013, we're back at the long-term exponential trendline. I also believe that the Willybot may be a real factor in this whole deal, but Bitcoin has gone up before Willy was in charge.

because it wasn't only willybot that rised the price(i''m not buying it at all), that was just an assumption made from someone here, i would add that chinese played a big role too, and also doge has brought many new comers to bitcoin's scene, that was also another reason for the 1200 peak

What occured late 2013 was a pump and dump, pure and simple.

Some people would say no... But BTC is an unregulated market place and it happened, and will happen again again. Even in regulated market exchanges the pump and dump happens. It's a reality in the markets.

It is also just your interpretation of the events that occurred. It ignores that Mt Gox died with an alleged 1/2 billion dollar loss of coins that probably never existed except on the gox internal database. It ignores that the Chinese central bank deliberately intervened to threaten the legality of bitcoin in the 2nd biggest economy of the world, a country that was responsible in part for the rising price during the end of 2013.

The price got ahead of itself after a bubble and has been deflating. The difference this time is that leveraged exchanges like bitfinex have prolonged this bear market hugely by allowing shorting.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: Amph on April 10, 2015, 07:06:28 AM

Quote from: ensurance982 on April 10, 2015, 05:52:37 AM

Quote from: tokeweed on April 10, 2015, 04:41:12 AM

Quote from: ensurance982 on April 09, 2015, 08:42:57 AM

Why shouldn't we turn this trend around again? I think the most probably scenario right now is that the bull market of 2013 was mostly caused by gox and the block halving, many ASIC companies, and a lot of media attention. If we factor out those bubbles, we're still on the long-term exponential track!

That late 2013 surge to 1200 was caused by the Willybot. The media attention just followed after because of the surge. Everyone thought that was it, the big one. But just like the stock market hype machine, it's not.

Even if factor out both bubbles of 2013, we're back at the long-term exponential trendline. I also believe that the Willybot may be a real factor in this whole deal, but Bitcoin has gone up before Willy was in charge.

because it wasn't only willybot that rised the price(i''m not buying it at all), that was just an assumption made from someone here, i would add that chinese played a big role too, and also doge has brought many new comers to bitcoin's scene, that was also another reason for the 1200 peak

What occured late 2013 was a pump and dump, pure and simple.

Some people would say no... But BTC is an unregulated market place and it happened, and will happen again again. Even in regulated market exchanges the pump and dump happens. It's a reality in the markets.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: Amph on April 10, 2015, 07:06:28 AM

Quote from: ensurance982 on April 10, 2015, 05:52:37 AM

Quote from: tokeweed on April 10, 2015, 04:41:12 AM

Quote from: ensurance982 on April 09, 2015, 08:42:57 AM

Why shouldn't we turn this trend around again? I think the most probably scenario right now is that the bull market of 2013 was mostly caused by gox and the block halving, many ASIC companies, and a lot of media attention. If we factor out those bubbles, we're still on the long-term exponential track!

That late 2013 surge to 1200 was caused by the Willybot. The media attention just followed after because of the surge. Everyone thought that was it, the big one. But just like the stock market hype machine, it's not.

Even if factor out both bubbles of 2013, we're back at the long-term exponential trendline. I also believe that the Willybot may be a real factor in this whole deal, but Bitcoin has gone up before Willy was in charge.

because it wasn't only willybot that rised the price(i''m not buying it at all), that was just an assumption made from someone here, i would add that chinese played a big role too, and also doge has brought many new comers to bitcoin's scene, that was also another reason for the 1200 peak

Well, there are the logs that have been leaked. And they do pretty well show the activity of that account buying the coins. The only argument against the bot is "the amount he bought compared to the total volume (10% or something) is negligible" well, those 10% were only buys - effectively eliminating all the newly minted coins, and potentially more.

Amph

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Activity: 3248

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Quote from: ensurance982 on April 10, 2015, 05:52:37 AM

Quote from: tokeweed on April 10, 2015, 04:41:12 AM

Quote from: ensurance982 on April 09, 2015, 08:42:57 AM

Why shouldn't we turn this trend around again? I think the most probably scenario right now is that the bull market of 2013 was mostly caused by gox and the block halving, many ASIC companies, and a lot of media attention. If we factor out those bubbles, we're still on the long-term exponential track!

That late 2013 surge to 1200 was caused by the Willybot. The media attention just followed after because of the surge. Everyone thought that was it, the big one. But just like the stock market hype machine, it's not.

Even if factor out both bubbles of 2013, we're back at the long-term exponential trendline. I also believe that the Willybot may be a real factor in this whole deal, but Bitcoin has gone up before Willy was in charge.

because it wasn't only willybot that rised the price(i''m not buying it at all), that was just an assumption made from someone here, i would add that chinese played a big role too, and also doge has brought many new comers to bitcoin's scene, that was also another reason for the 1200 peak

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: tokeweed on April 10, 2015, 04:41:12 AM

Quote from: ensurance982 on April 09, 2015, 08:42:57 AM

Why shouldn't we turn this trend around again? I think the most probably scenario right now is that the bull market of 2013 was mostly caused by gox and the block halving, many ASIC companies, and a lot of media attention. If we factor out those bubbles, we're still on the long-term exponential track!

That late 2013 surge to 1200 was caused by the Willybot. The media attention just followed after because of the surge. Everyone thought that was it, the big one. But just like the stock market hype machine, it's not.

Even if factor out both bubbles of 2013, we're back at the long-term exponential trendline. I also believe that the Willybot may be a real factor in this whole deal, but Bitcoin has gone up before Willy was in charge.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: ensurance982 on April 09, 2015, 08:42:57 AM

Why shouldn't we turn this trend around again? I think the most probably scenario right now is that the bull market of 2013 was mostly caused by gox and the block halving, many ASIC companies, and a lot of media attention. If we factor out those bubbles, we're still on the long-term exponential track!

That late 2013 surge to 1200 was caused by the Willybot. The media attention just followed after because of the surge. Everyone thought that was it, the big one. But just like the stock market hype machine, it's not.

poncho32

sr. member

Activity: 316

Merit: 250

Quote from: tokeweed on April 09, 2015, 03:36:11 AM

Quote from: Okurkabinladin on April 08, 2015, 08:24:50 PM

So in your opinion double digits are possible and bear market will continue for another 3+ months? Not impossible, just unlikely. Final flash crash and recovery to atleast current levels seems more like bitcoin.

Lol. Don't rule anything out. A lot of people thought going > 600 was "impossible". Then > 500.. then > 300.

I honestly thought it wouldn't go below 200, but it did. Although it recovered. Right now I got buy orders at 170 - 180. Grin

I thought it had bottomed out at 300 and all I had to do was hodl and wait for the price to go up. I couldn't believe how fast it went down to 150 after Christmas. I'm not ruling anything out anymore.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Why shouldn't we turn this trend around again? I think the most probably scenario right now is that the bull market of 2013 was mostly caused by gox and the block halving, many ASIC companies, and a lot of media attention. If we factor out those bubbles, we're still on the long-term exponential track!

tokeweed

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Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: Pecunia non olet on April 08, 2015, 08:33:41 PM

Quote from: Okurkabinladin on April 08, 2015, 08:24:50 PM

So in your opinion double digits are possible and bear market will continue for another 3+ months? Not impossible, just unlikely. Final flash crash and recovery to atleast current levels seems more like bitcoin.

I'm undecided on the future but i thought this idea was interesting. I would not be surprised to find BTC in the 100$-range just because of the costs of running it are so high

3600 (coins) times 245 (dollar) times 365 days = 321 MILLION USD need to be spent on bitcoin in the next year for it to hold this current marketcap.
I am not sure if it can attract another 321 million after what we have seen lately and how it is looking right now. Downward pressure is quite high on this inflation-coin.

I'd be happy if we could enter some stagnation now until halving. I don't think a big bullrun is likely this year for this particular coin.

Don't rule anything out.

Chances are if there's a bull run you might miss it because you thought it's unlikely.

Topic: Bearish TA (Read 1790 times)