Topic: Bitcoin is never going to hit $35 - page 4. (Read 7659 times)
I think I have established to myself it is impossible to predict the price of bitcoins. I've been watching the market since last September, and while it has only gone up from about $12 to what it currently is, there is no short term indication of any reliable up/down movement. Sure I guess over time it might go up some, if you like investing several thousand into a decentralized computer based currency, to only get a 10-20% return over 3 months.... In the stock market world that is a great return, but I don't think it's worth taking with bitcoins.
I know it for sure, it's stayed under $30 for 2 days now.
+1
Holy shit, man. This inability of yours to predict things is truly uncanny. Not sure how, but you should be able to market this anti-skill somehow!
It might break past $30, but I'm pretty sure it'll smack down hard not long after that. We won't be over $30 for very long.
I know it for sure, it's stayed under $30 for 2 days now.
+1
Holy shit, man. This inability of yours to predict things is truly uncanny. Not sure how, but you should be able to market this anti-skill somehow!
$30 totally never happened.
no one can predict the future but you certainly can look at all the components of the cup and handle formation and that will give you an indicator of how strong it is. Things like
potential failure:
the handle should not drop below the top half of the cup formation
the price should not drop below the 200 day Moving Average
It's just my opinion, just like anyone else can have their opinion, but when I look at all the indicators of the formation, everything for me points to a very strong formation indeed.
For those looking positive, the target price is usually the difference in depth of the cup added to the high point, so we could be looking at $32+($32-$2) = $62
potential failure:
the handle should not drop below the top half of the cup formation
the price should not drop below the 200 day Moving Average
It's just my opinion, just like anyone else can have their opinion, but when I look at all the indicators of the formation, everything for me points to a very strong formation indeed.
For those looking positive, the target price is usually the difference in depth of the cup added to the high point, so we could be looking at $32+($32-$2) = $62
all you need to do is read and learn about the cup and handle and you will see exactly where we are.
I always thought the handle was a sideways pattern.
Is the rally afterwards included in the cup & handle pattern?
http://www.investopedia.com/terms/d/doubletop.asp
Anybody who claims to know we gonna see the one or the other is full of shit.
"The time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume."
http://en.wikipedia.org/wiki/Double_top_and_double_bottom
That didn't work out so well for ya did it?
yup it only hit $29.97 today.
NEVER....lol...for shits and giggles I agree haha
NEVER....lol...for shits and giggles I agree haha
Once above old high, it is all free sail
Up sail or down sail? 
Once above old high, it is all free sail
all you need to do is read and learn about the cup and handle and you will see exactly where we are.
I always thought the handle was a sideways pattern.
Is the rally afterwards included in the cup & handle pattern?
http://www.investopedia.com/terms/d/doubletop.asp
Anybody who claims to know we gonna see the one or the other is full of shit.
"The time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume."
http://en.wikipedia.org/wiki/Double_top_and_double_bottom
[deleted]
Anybody who claims to know we gonna see the one or the other is full of shit.
Welcome to the speculation sub-forum
But seriously, anyone who says we're in an X pattern or Y pattern are just yakkin' and it's all post hoc ergo propter hoc reasoning to make the pieces fit.
Ok, new topic: "Bitcoin is never going to hit $50" its tapping 30 on and off all day and on other exchanges.
a bullish bear:
thinks the price will go up long term but is to damn high right now and will sell a few coins to profit off the crazy swing up
a bearish bull:
thinks the price will one day be close or near 0, but feels he can safely can make a profit buying holding and then selling in the short / mid term.
thinks the price will go up long term but is to damn high right now and will sell a few coins to profit off the crazy swing up
a bearish bull:
thinks the price will one day be close or near 0, but feels he can safely can make a profit buying holding and then selling in the short / mid term.
I would've swapped these 2 definitions.
Me too; I was just thinking that.
a bullish bear:
thinks the price will go up long term but is to damn high right now and will sell a few coins to profit off the crazy swing up
a bearish bull:
thinks the price will one day be close or near 0, but feels he can safely can make a profit buying holding and then selling in the short / mid term.
thinks the price will go up long term but is to damn high right now and will sell a few coins to profit off the crazy swing up
a bearish bull:
thinks the price will one day be close or near 0, but feels he can safely can make a profit buying holding and then selling in the short / mid term.
I would've swapped these 2 definitions.
all you need to do is read and learn about the cup and handle and you will see exactly where we are.
I always thought the handle was a sideways pattern.
Is the rally afterwards included in the cup & handle pattern?
http://www.investopedia.com/terms/d/doubletop.asp
Anybody who claims to know we gonna see the one or the other is full of shit.
all you need to do is read and learn about the cup and handle and you will see exactly where we are.
I always thought the handle was a sideways pattern.
Is the rally afterwards included in the cup & handle pattern?
IMO, to soon to call the handle,.. The cup and handle may not apply !
Just bought 10 BTC @ 30.25 on www.cavirtex.com 
Edit : Last Tx already at 30.61 !
Gox is no more the leader of this rally !
Edit : Last Tx already at 30.61 !
Gox is no more the leader of this rally !
all you need to do is read and learn about the cup and handle and you will see exactly where we are.
I always thought the handle was a sideways pattern.
Is the rally afterwards included in the cup & handle pattern?
what is a bull
a bull:
thinks price will go up
a bear:
thinks price will go down
a bullish bear:
thinks the price will go up long term but is to damn high right now and will sell a few coins to profit off the crazy swing up
a bearish bull:
thinks the price will one day be close or near 0, but feels he can safely can make a profit buying holding and then selling in the short / mid term.
a bearish bullish sheep:
this guy sells low and buys high all the time.
Jump to: