Author

Topic: Bitcoin breaking 1-month downtrend! (Read 1942 times)

legendary
Activity: 1918
Merit: 1018
March 05, 2014, 09:02:14 PM
#16
It's up to 650-700 since about 14 hours from my original post. Haha, called that. And its taken off more than a lot of breakouts do (welcome to bitcoin)

Tip me if you feel inclined, 1BwwMJZezZKpXm1mSVDmxLwd9T96am4Qyd




I will also add, its testing its next major downtrend, as seen below. Once it breaks this there would be little downtrend movement from here on out! (AKA, once again, removing its weights), and I would estimate we would see $750+ quickly (the same as we saw it rocket off past $600)

The question is whether a surge of buyers will come to break this trend, or if they'll let it coast down. I would also guess that this influx of buyers would come from China -- or those who lost funds from Mtgox-- either way, these are 2 parties of eager buyers so I would guess that that downtrend isn't survive for long.





Nice call, but now it can go down again.

You may be right, the sentiment on Bitcoin is kind of bad, the momentum and the fundamentals are very positive but the trend is messed up

NOOOOOO I don't have any btc I don't want to buy back at 1000$

Everyone sell please

Want to buy mine at $999.99999? Cheesy
That's $0.00001 discount!

Wow! what an offer!  Grin Grin Grin
But wait there's more! If you buy within 24hrs, you'll get another $0.00001 discount!
Amazing! What are you waiting for? PM now! Grin Grin Grin

I'll pass Wink I try to buy in MTL though https://bitcointalk.org/index.php?topic=496051.new#new
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
March 03, 2014, 05:53:43 PM
#15
It's up to 650-700 since about 14 hours from my original post. Haha, called that. And its taken off more than a lot of breakouts do (welcome to bitcoin)

Tip me if you feel inclined, 1BwwMJZezZKpXm1mSVDmxLwd9T96am4Qyd




I will also add, its testing its next major downtrend, as seen below. Once it breaks this there would be little downtrend movement from here on out! (AKA, once again, removing its weights), and I would estimate we would see $750+ quickly (the same as we saw it rocket off past $600)

The question is whether a surge of buyers will come to break this trend, or if they'll let it coast down. I would also guess that this influx of buyers would come from China -- or those who lost funds from Mtgox-- either way, these are 2 parties of eager buyers so I would guess that that downtrend isn't survive for long.





Nice call, but now it can go down again.
sr. member
Activity: 336
Merit: 250
March 03, 2014, 05:51:35 PM
#14
NOOOOOO I don't have any btc I don't want to buy back at 1000$

Everyone sell please

Want to buy mine at $999.99999? Cheesy
That's $0.00001 discount!

Wow! what an offer!  Grin Grin Grin
But wait there's more! If you buy within 24hrs, you'll get another $0.00001 discount!
Amazing! What are you waiting for? PM now! Grin Grin Grin
legendary
Activity: 1918
Merit: 1018
March 03, 2014, 01:51:02 PM
#13
NOOOOOO I don't have any btc I don't want to buy back at 1000$

Everyone sell please
member
Activity: 114
Merit: 10
March 03, 2014, 01:02:27 PM
#12
It's up to 650-700 since about 14 hours from my original post. Haha, called that. And its taken off more than a lot of breakouts do (welcome to bitcoin)

Tip me if you feel inclined, 1BwwMJZezZKpXm1mSVDmxLwd9T96am4Qyd




I will also add, its testing its next major downtrend, as seen below. Once it breaks this there would be little downtrend movement from here on out! (AKA, once again, removing its weights), and I would estimate we would see $750+ quickly (the same as we saw it rocket off past $600)

The question is whether a surge of buyers will come to break this trend, or if they'll let it coast down. I would also guess that this influx of buyers would come from China -- or those who lost funds from Mtgox-- either way, these are 2 parties of eager buyers so I would guess that that downtrend isn't survive for long.



full member
Activity: 181
Merit: 100
Diggit.io Admin
March 03, 2014, 10:55:25 AM
#11
Was it really only one month?

Man I need to get out more.
legendary
Activity: 1918
Merit: 1018
March 03, 2014, 10:52:57 AM
#10
Stock are down, Dollar is down, Gold is up, the instability will come back slowly or quickly and bitcoin's price is going to go straight up

But I could see an other correction before it happens, I surely hope there will be one before I back buy the BTC I lost, I am almost out of BTC right now it is scary
newbie
Activity: 40
Merit: 0
March 03, 2014, 10:35:10 AM
#9
Sidewise break out is a fake breakout.
hero member
Activity: 490
Merit: 500
March 03, 2014, 06:44:58 AM
#8
I am gonna buy into the uptrend camp
Sustainable above $620 by tomorrow hopefully
full member
Activity: 196
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
March 03, 2014, 04:35:18 AM
#7
what if its a trap and this is just one downtrend within another downtrend. crashception

Then you lose all your bitcoins and you die and no one remembers you and your legacy is forgotten and then the world ends too.

The End.

sr. member
Activity: 644
Merit: 250
March 03, 2014, 04:31:57 AM
#6
Uptrend here we come.
legendary
Activity: 889
Merit: 1013
March 03, 2014, 04:28:41 AM
#5
The 3k buy wall on stamp agrees with you.
legendary
Activity: 2156
Merit: 1070
March 03, 2014, 12:40:58 AM
#4
what if its a trap and this is just one downtrend within another downtrend. crashception

Then you lose all your bitcoins and you die and no one remembers you and your legacy is forgotten and then the world ends too.
hero member
Activity: 728
Merit: 500
March 03, 2014, 12:35:22 AM
#3
what if its a trap and this is just one downtrend within another downtrend. crashception
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
March 03, 2014, 12:10:26 AM
#2
Let the weak hands sell...
member
Activity: 114
Merit: 10
March 02, 2014, 11:21:55 PM
#1
See pic below,

Looks like its takin off the weights dragging it down. One of the 2 major downtrendlines pushing it down are taken out, its testing the 2nd one right now. In my experience in trading and with its current momentum -- let's just say I wouldn't want to be short right now.

It has the potential to rock off past these 2 downtrends and easily move to $600+

Although of course you/re never always right in the market, but this feels like a predictable move to me right now


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