Bitcoin posts seven consecutive weeks of gains

btc_angela

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Quote from: Idrisu on May 09, 2019, 04:57:41 AM

Quote from: Jating on April 14, 2019, 06:46:00 PM

It's already Monday morning my time so I will assume that we are on the way for a 8th consecutive green pattern?

@Reid - I agree. It might be a slow grind, but at least we are heading to a good direction judging by the looks of the overall market in the last couple of weeks. We will just continue to hold and see what the future would bring. But I would assume that it will be brighter day by day. Grin

That is a good advice to all of us. We should continue to hold as I think selling now may cause us to regret in future. The market is really building up strong momentum and we would get better if we keep holding .
We are having a good market this year than last year and it means the overall general conditions of the market has started changing.

Right, and it seems the OP's somewhat prediction is still true at this point, as the price goes above $8k but now just settled around $7300-$7400. So general conditions are changing and improving again. That's why the investors are happy to see the price going green in the last 12 weeks already?

Idrisu

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Quote from: Jating on April 14, 2019, 06:46:00 PM

It's already Monday morning my time so I will assume that we are on the way for a 8th consecutive green pattern?

@Reid - I agree. It might be a slow grind, but at least we are heading to a good direction judging by the looks of the overall market in the last couple of weeks. We will just continue to hold and see what the future would bring. But I would assume that it will be brighter day by day. Grin

That is a good advice to all of us. We should continue to hold as I think selling now may cause us to regret in future. The market is really building up strong momentum and we would get better if we keep holding .
We are having a good market this year than last year and it means the overall general conditions of the market has started changing.

Baofeng

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Quote from: Mpamaegbu on May 07, 2019, 08:23:12 AM

Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

The gains are still extending and this is so refreshing, at least altcoins are coming back to life now. However, it's not a good time to buy in now at almost $6,000. It's already late and buying now will amount to chasing the price (this is a wrong approach in business). Bitcoin is headed for a slight correction from the technical analysis before continuing on the bull run.

On the contrary, it is still quite cheap, we are still in the 4 digit figure. Would you rather buy when the price peaks at $10K? So it's not that late, although the best time is when the price just hover about $3k. Of course, correction is healthy along the way, we don't want to see parabolic rise as this might create another bubble. But saying that it is already late to buy today is absurd, in my opinion, and don't be this person, People Only Want to Buy Bitcoin *AFTER* Prices Rises, Google Data Shows.

ausbit

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Quote from: South Park on May 08, 2019, 11:16:14 AM

Quote from: Mpamaegbu on May 07, 2019, 08:23:12 AM

The gains are still extending and this is so refreshing, at least altcoins are coming back to life now. However, it's not a good time to buy in now at almost $6,000. It's already late and buying now will amount to chasing the price (this is a wrong approach in business). Bitcoin is headed for a slight correction from the technical analysis before continuing on the bull run.

From what I have seen in the past it seems that when bitcoin begins to rally it takes alts some time to wake up, bitcoin has been growing consistently for weeks so this tells me that those that are predicting a new bull market are not far from their predictions so buying now may not be a bad idea if you are willing to hold for a few years, however what I am really waiting for is for alts to begin to show some movement but so far I am disappointed by what I am seeing.

Why are you disappointed, instead of being disappointed, I would like you to go back to the history of some coins, check their ATH, and check what bitcoin was during their ATH, check the time they were redundant, then check what the value of BTC was the, you well realized that they don’t always follow BTC bull run.

Altcoins also have a particular time they do rise too, and that time is what we should be targeting, most analyst says that the time altcoins rises is when bitcoin is going sideways which we are yet to see, and I think in between the BULISH Market is when BTC goes sideways.

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Quote from: Mpamaegbu on May 07, 2019, 08:23:12 AM

The gains are still extending and this is so refreshing, at least altcoins are coming back to life now. However, it's not a good time to buy in now at almost $6,000. It's already late and buying now will amount to chasing the price (this is a wrong approach in business). Bitcoin is headed for a slight correction from the technical analysis before continuing on the bull run.

From what I have seen in the past it seems that when bitcoin begins to rally it takes alts some time to wake up, bitcoin has been growing consistently for weeks so this tells me that those that are predicting a new bull market are not far from their predictions so buying now may not be a bad idea if you are willing to hold for a few years, however what I am really waiting for is for alts to begin to show some movement but so far I am disappointed by what I am seeing.

Reatim

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Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

Plus another 4 weeks from thia post?so what we are looking now is really a bullrun?this may seema to be more productive month for crypto market

As we are heading to break a $6,000 bitcoin price and following more altcoins so good that we have this kind of market now and keep the HODL alive again

Mpamaegbu

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Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

The gains are still extending and this is so refreshing, at least altcoins are coming back to life now. However, it's not a good time to buy in now at almost $6,000. It's already late and buying now will amount to chasing the price (this is a wrong approach in business). Bitcoin is headed for a slight correction from the technical analysis before continuing on the bull run.

Jating

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It's already Monday morning my time so I will assume that we are on the way for a 8th consecutive green pattern?

@Reid - I agree. It might be a slow grind, but at least we are heading to a good direction judging by the looks of the overall market in the last couple of weeks. We will just continue to hold and see what the future would bring. But I would assume that it will be brighter day by day. Grin

Reid

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Look like there will be a lot of jokes again that will happen.

Oh, and it will hurt those who have already sold their bitcoin after buying from 5 digits of price. Grin

It will happen. I have already told that here over and over. Never losed hope with bitcoin because I know it will come. It is just getting slower and slower.

Yaunfitda

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Quote from: FIFA worldcup on April 13, 2019, 12:50:46 PM

Quote from: omonuyak on April 12, 2019, 01:41:29 PM

Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

As at today we have a little retracement but bitcoin has refused to go below $5000. I think the support at $5000 is now stronger than when bitcoin was trying to break around $4250 last two weeks. I am happy that our hope is been awakining and it seems to me that now still remains the best time to invest in bitcoin and others cryptocurrencies.

Bitcoin has found a new support at 5000$ and i hope bitcoin do not break this support. Many people were saying that bitcoin next movement will be below 3000$ etc, they all are silent after seeing this upward movement of bitcoins. We may see some retracements now because there cannot be all green candles forever, but bitcoin will not fall below 4800$.

As I have said, this $5k should be the new lows for now.

Yes, I also see that a lot of people are saying that the price would go below the $3k-$4k range but it seems that the market has improved a lot and investors are now slowly getting their acts together that why the price seems to be stabilizing at $5k so I don't think that we will go and fall in the next coming weeks.

FIFA worldcup

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Quote from: omonuyak on April 12, 2019, 01:41:29 PM

Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

As at today we have a little retracement but bitcoin has refused to go below $5000. I think the support at $5000 is now stronger than when bitcoin was trying to break around $4250 last two weeks. I am happy that our hope is been awakining and it seems to me that now still remains the best time to invest in bitcoin and others cryptocurrencies.

Bitcoin has found a new support at 5000$ and i hope bitcoin do not break this support. Many people were saying that bitcoin next movement will be below 3000$ etc, they all are silent after seeing this upward movement of bitcoins. We may see some retracements now because there cannot be all green candles forever, but bitcoin will not fall below 4800$.

Yaunfitda

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Quote from: Pab on April 12, 2019, 10:51:23 AM

Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

Very good post.Merit for you.You will find lot of TA charts You tube videos that bitcoin is going back to 4200$ or even lower
3000$ bitcoin to 2500$ or 1200$ for sure then 3800 will drop to 3100 2500 for sure then 4200 will drop to 3500$ 3100$ for sure then 4800 will drop 4200$ 3500$ for sure then 5200 will drop to 3500 $ 3100 for sure that way btc one day will drop to dream zero question is how many of that zero will be and what number will be prior to zeros

Exactly, that's why I wanted to point that the bitcoin is already on the steady claim and as much as people questioning whether we are in a bull run or not, then there is the charts that will prove it. Grin

I don't bother listening to those youtube's who kept on saying that we will still need to go to final capitulation before we can see a bull run. That charts speaks for itself and it looks like we are on the course of making 8th in a row. Grin

@omonuyak - $5k is now the new lows, the price goes up to $5150, I'm sure many of us felt disappointed when it went < $5k momentarily, however, it was a steady claim above $5k again.

omonuyak

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Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

As at today we have a little retracement but bitcoin has refused to go below $5000. I think the support at $5000 is now stronger than when bitcoin was trying to break around $4250 last two weeks. I am happy that our hope is been awakining and it seems to me that now still remains the best time to invest in bitcoin and others cryptocurrencies.

Pab

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Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

Very good post.Merit for you.You will find lot of TA charts You tube videos that bitcoin is going back to 4200$ or even lower
3000$ bitcoin to 2500$ or 1200$ for sure then 3800 will drop to 3100 2500 for sure then 4200 will drop to 3500$ 3100$ for sure then 4800 will drop 4200$ 3500$ for sure then 5200 will drop to 3500 $ 3100 for sure that way btc one day will drop to dream zero question is how many of that zero will be and what number will be prior to zeros

LimLims

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Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

Yeah it was a little smile on our faces to be very much honest.
Yeah when my friends and fellow traders told me about the growth of Bitcoin , I was completely shocked. I thought that investors are showing interest in order to gain profit.
But have checked the Price Of BTC price since last two days ? it's again down and unfortunately made all of us sad.
We here still wondering when will Bitcoin again rise, so that we can sell our holdings in a bit higher price.
Hope my fortune helps me to do so soon.

beerlover

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Quote from: Kevin77 on April 10, 2019, 03:28:33 AM

When was the last time bitcoin ever had a 7 consecutive weeks of gains? I think the 2017 peak was probably was the last time we ever seen that and never seen something like that ever since. I mean yeah we had some increasing weeks for sure but I do not remember any for 7 consecutive weeks, that is remarkable. Hopefully this continues for weeks to come (even months) so we could actually say we are in a bull.

Nevertheless it is a great accomplishment and we should all be really happy about it, without these insisting increasing prices we wouldn't be able to keep up with the increase that eventually gave us this 5k+ prices. What people do not realize is that even smallest of profits means at least its not a loss, 1 dollar increase is always better than 1 dollar loss.

It was the 7 consecutive weeks of gains that put us all in this current situation because I personally blame it for the bear market that came suddenly, if bitcoin had spread its growth to the ATH within a year, there would not have been concentration of sell off we experienced then, many people then was virtually doing more of sell off because there was no room for more investment.

If bitcoin was growing slowly on a monthly basis, there would have been serious balance between buy and sell, as people are taking advantage of short increases, many investors are also investing and this will tend to create a balance between the bull and the bear.

daarul50

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For the past 7 weeks, bitcoin has experienced an increase in everyone's happiness and thinks that trend reversals have begun. But, if we see from the 7-week candle, the volume of the increase that occurs is very small, it takes a few more candles to confirm that the bull run has started and the correction is very necessary because the RSI has shown overbought.

DeadCoin

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Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

Good to see it after a long period. 2018 was another best year to invest but none would accept as 2018 would be the best year as many were not able to gain profits. But investors with more expeirence would certainly accept the fact the current move is so good compared to last year and current growth may lead to a good spike by June 2019. Lets watch.

Slow death

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Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains

That's it? I thought I would see charts super full of lines like those in the tradeview they like to display. but why is this image so simple? well, I never understand these tradeview guys

Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%.

for daytrade people, they must have made good profits

Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

Imminent incoming bull-run?

Why most people keep thinking that any price increase, result in the bull-run?

Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

Get ready with your meme HODL. Grin

carlfebz2

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Quote from: Yaunfitda on April 11, 2019, 01:11:25 AM

Quote from: timerland on April 10, 2019, 05:38:16 PM

Quote from: Yaunfitda on April 08, 2019, 09:32:42 PM

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. Grin

.. snip ..

We could see an incoming correction due to the fact that prices have risen so consistently over the past weeks, potentially down below $5k as I don't think there is sufficient support there yet. It's only natural that this happens, as price corrections are a matter of time in such instances. But in the medium to long term I think this should be the start of a bull market, and the halving next year will only further the bullishness.

A agree that there will be an incoming correction, no doubt about it. But I'm not seeing that bitcoin is in the overbought zone.

We still can go as high as $56xx and maybe, people will start to think that they need to book some profits as the TA will point that we are not closer or at least in the overbought zone when $56xx is touch, so let's see.

We did just able to reach out only $5400 price and it bump its head and going downward once again.Yes, its just a normal correction with big percentage. Recovery could happen but we would still wait up for that overbought zone of $5600.If we do able to see a breakout then possibility on heading towards $6000 in no time but for now lets wait and see on what are the things to happen ahead.

Topic: Bitcoin posts seven consecutive weeks of gains (Read 597 times)