Bitcoin rise is over - page 4. | Bitcointalksearch.org

richardsNY

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Quote from: farhaan on October 04, 2017, 11:54:57 AM

Absolutely,correction is almost over and we should remember that this price rise is after china's impact over bitcoin's price.The biggest threat bitcoin has had from the earlier days is the china's stand over bitcoin and it has almost gone and now we could not see any other factor which has the ability to affect the bitcoin price.So,bitcoin rise is yet to continue.

China isn't gone yet even though people might feel so. There is a lot speculation going on about a comeback of the halted exchanges, but in a way where they are subject to ultra tight regulations. Only when China decides to ban crypto entirely, they will be gone for good, and as long as that isn't the case, they will still be able to put the market under pressure with their nonsensical announcements. In other words, it's the people in this market that need to get over it -- it's time to focus on crypto in its entirety, and not just let one country dictate the sentiment, because that's just ridiculous.

manselr

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Quote from: zokora on October 04, 2017, 09:45:28 AM

Quote from: BillyBobZorton on October 04, 2017, 09:21:46 AM

Quote from: zokora on October 03, 2017, 02:40:16 PM

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

The chart still indicates we are on a clear bulltrend and we are not out of this bull trend. You may be making the mistake of using linear charts, and to chart bitcoin and apply technical analysis you must use logarithmic chart. Everyone uses logarithmic chart to take decisions, so you may be calling a bubble for a long time now if you were looking at the linear charts. Keep holding and we will see an all time high soon.

this chart is logarithmic and shows that bull trend end is near.

Yes I do hold, but also holding myself to increase bitcoin share in my portfolio

I suggest you the same.

I do not call bubble for a long time, but 5000 was my target since the beginning of the year. Now it seems that bitcoin can not get over 5000 target easily. I will watch on

Even if it's logarithmic, I don't see a clear indication of the channel being broken and returning to the main channel. What tells you that' Because we are still sitting above $4200 which is a pretty good place to be, so I don't discard the current bullish channel is over, we are still there and I wouldn't discard a pop to $5000 pretty soon at all.

farhaan

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Quote from: boyptc on October 03, 2017, 03:08:07 PM

Correction of - $200 - $400 is already enough I'd guess? Don't compare it with 2013, we are different now there are so many investors now and more countries did adopted bitcoin. Bitcoin's rise will not be over and it will be going up very soon. That big correction you are talking maybe is the one that happened already last 2 weeks after China's ban and Dimon's fraud talks.

Absolutely,correction is almost over and we should remember that this price rise is after china's impact over bitcoin's price.The biggest threat bitcoin has had from the earlier days is the china's stand over bitcoin and it has almost gone and now we could not see any other factor which has the ability to affect the bitcoin price.So,bitcoin rise is yet to continue.

blockman

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Quote from: zokora on October 03, 2017, 02:40:16 PM

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

No, the bitcoin rise isn't over, the best thing and best fluctuation isn't yet to come. Don't compare the charts today and from the charts on 2013. Bitcoin is competitive and more people are seeing it's potential and that's why in my belief that good speculations are being followed by many bitcoin believers and they are confident that we will be reaching that moment. As for McAfee's prediction, many are hoping for that one.

danielcool

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I'm pretty sure it's only the beggining of bitcon rise

arpon11

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I think we would experience big correction very soon and if this happens we may see bitcoin's price below $3,500 and this do not mean there is going to be a great significant fall. If the price could not break below $4150 then we would experience this before the middle of this months. I think the best thing to do now is to wait and see the price fall towards $3000 before buying.

Slow death

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Quote from: zokora on October 03, 2017, 02:40:16 PM

what do you think about below chart?

I will not comment on your graphics

but about the price of bitcoin. I do not believe that the price reaches the $5000 at least until November 18. this situation caused by November 18 will cause the price to fall a lot

this situation on November 18 will be very different from bch or that BTG

zokora

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Quote from: BillyBobZorton on October 04, 2017, 09:21:46 AM

Quote from: zokora on October 03, 2017, 02:40:16 PM

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

The chart still indicates we are on a clear bulltrend and we are not out of this bull trend. You may be making the mistake of using linear charts, and to chart bitcoin and apply technical analysis you must use logarithmic chart. Everyone uses logarithmic chart to take decisions, so you may be calling a bubble for a long time now if you were looking at the linear charts. Keep holding and we will see an all time high soon.

this chart is logarithmic and shows that bull trend end is near.

Yes I do hold, but also holding myself to increase bitcoin share in my portfolio

I suggest you the same.

I do not call bubble for a long time, but 5000 was my target since the beginning of the year. Now it seems that bitcoin can not get over 5000 target easily. I will watch on

Dailyroberts

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Quote from: adam1230 on October 04, 2017, 09:13:04 AM

You only see a divergence on chart with RSI indicator.
This does not make sense much. You cannot trade with only RSI indicator. Anyways lets wait and see .

Indicators are mathematical expressions of what happened in the past. They can't give us accurate idea about the future. For the graph, I see nothing special. This doesn't mean the rise ended. The demand is still high and the traders still buying bitcoin. This will make the price go up once again.

thejaytiesto

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It could be the whales wanting to get in at a cheap price before LedgerX launches, which is an unknown and it may be as soon as this month, and im sure whales that are out have whale friends that are in and they want to get in at a discount. I expect a pump once whales start registering accoutns in LedgerX, Wall ST money may come this way.

bajing

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Not yet, indeed the price is back down but there is one big news that can make bitcoin prices rise again. did you hear that goldman sanchs is exploring to plunge into crypto currency if this happens I'm sure bitcoin prices will exceed $ 5000.

BillyBobZorton

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Quote from: zokora on October 03, 2017, 02:40:16 PM

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

The chart still indicates we are on a clear bulltrend and we are not out of this bull trend. You may be making the mistake of using linear charts, and to chart bitcoin and apply technical analysis you must use logarithmic chart. Everyone uses logarithmic chart to take decisions, so you may be calling a bubble for a long time now if you were looking at the linear charts. Keep holding and we will see an all time high soon.

adam1230

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You only see a divergence on chart with RSI indicator.
This does not make sense much. You cannot trade with only RSI indicator. Anyways lets wait and see .

cryp24x

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I think we cannot compare the 2013 chart to 2017 chart as the same thing. Bitcoin during 2013 were no that strong, it was sure a bubble and overpumped by exchanges. The current situation of Bitcoin is different because of more real supporter and country adoption, even China support Bitcoin, they just need to clean their country of illegally operating exchanges. And look ahead, an update is about to happen. It may dip a bit but I guess it will continue to uptrend unti it reaches its next peak price before correction happen.

Cacingkemi

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I think BTC will go up to 5K $,the chart shows the wrong likes being in bubbles but reality likes different.But be wary if what you think might be true may happen,correction must be done.

YuginKadoya

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Anything can happen with the value of bitcoin and right now I think there is a resistance in going further the $4500 mark value right now that is why we are seeing a dip in the last minute that I have seen the price it went to the $4400 mark value, if that chart really depicting the movement of bitcoin and the surge is no more then maybe that is the reason why the price did not continue to increase.

Bagaji

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I don't really believe that bitcoin has reach the level that we should expect serious correction at the moment, this is because the last correction was as a result of local exchange ban by the Chinese government. For serious correction to start at the $4,241.24 current value as at the time of this post, it required world event to take place. If not , i don't think bitcoin value has reach the maximum let alone time for serious correction.

Seansky

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Quote from: zokora on October 03, 2017, 02:40:16 PM

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

Even if that is the case, I doubt if history will repeat itself. There has been some time where bitcoin also had a chart similar to the end of 2013 but in the end bitcoin continued it's rising movements. Therefore, the chance of history repeating itself now is low specially now that there really isn't a bad news like a major exchange being hacked or something that will really take price to the bottom again.

ChainSmoker

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Op has lots of buy orders at 3K$ when he sold at that price recently Grin

Op this is not 2013 and certainly we are not in bubble.2013 bubble was because of MtGox.The price of bitcoin that we are seeing today are backed up by various different reasons including halving,increased adoption,segwit,soon LN,upcoming HF(more free coins) and more.You can't compare this with 2013 BS.I don't believe in dumb analysis of charts.Price doesn't move based on charts Tongue

KAKACH

newbie

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TA analysis for long term bitcoin evolution is not really relevant... you can find everything in anychart...

I think the rise is on hold, people putting money aside until the fork2X , then we will see a huge increase

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