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Topic: Bounce from here - page 2. (Read 1556 times)

hero member
Activity: 560
Merit: 500
January 03, 2015, 05:50:22 PM
#14
Either way, i'm waiting to see what happens next.  Seems like the ETF could be a big spark.

I hope it so far. When are the WV twins going to launch ETF?
full member
Activity: 182
Merit: 100
January 03, 2015, 05:47:55 PM
#13
Either way, i'm waiting to see what happens next.  Seems like the ETF could be a big spark.
legendary
Activity: 1652
Merit: 1057
bigtimespaghetti.com
January 03, 2015, 05:46:09 PM
#12
I think it will end up bouncing back. It has before when it reached this price. The only problem is that it is the weekend so nothing will most likely happen until monday for it to bounce back. Hopefully it does bounce back though.

Or slices lower as people cut their loose?
While that is true if that price even somehow bounces back by a $1 or $2 it might give people a bit of confidence to buy. Then the price seems to rise by itself.

I think this might be the washout the Bears have been waiting for, so I still expect some downside to at least $280
sr. member
Activity: 542
Merit: 251
January 03, 2015, 04:36:57 PM
#11
I think it will end up bouncing back. It has before when it reached this price. The only problem is that it is the weekend so nothing will most likely happen until monday for it to bounce back. Hopefully it does bounce back though.

Or slices lower as people cut their loose?
While that is true if that price even somehow bounces back by a $1 or $2 it might give people a bit of confidence to buy. Then the price seems to rise by itself.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
January 03, 2015, 04:29:48 PM
#10
Pretty arbitrary lines, if you ask me... No, this really needs a stronger rebound first. The volume starts to gain momentum, but isn't high enough. It looks like it's going down even further right now. We need to remain calm and don't act irrationally now...
legendary
Activity: 1652
Merit: 1057
bigtimespaghetti.com
January 03, 2015, 04:23:34 PM
#9
I think it will end up bouncing back. It has before when it reached this price. The only problem is that it is the weekend so nothing will most likely happen until monday for it to bounce back. Hopefully it does bounce back though.

Or slices lower as people cut their loose?
member
Activity: 71
Merit: 10
January 03, 2015, 04:22:26 PM
#8
Well i hope so, it seems like a sustained attack where every couple of weeks the price gets beaten down 5%

Attack ? How come someone can attack a 4 billion USD market cap ?

Definition of ATTACK>>>> when a group of Bulls or Bears start to buy or sell in unison thereby increasing volume turnover and affecting the price substantially in either direction
sr. member
Activity: 542
Merit: 251
January 03, 2015, 04:21:19 PM
#7
I think it will end up bouncing back. It has before when it reached this price. The only problem is that it is the weekend so nothing will most likely happen until monday for it to bounce back. Hopefully it does bounce back though.
member
Activity: 71
Merit: 10
January 03, 2015, 04:20:54 PM
#6
Well i hope so, it seems like a sustained attack where every couple of weeks the price gets beaten down 5%


Sorry but i cant see any sustained attack in the last 8 weeks. The price is consistently dropping through low volume and every so often rises when volume increases to then slowly slide back.
sr. member
Activity: 280
Merit: 250
Relax!
January 03, 2015, 04:19:25 PM
#5
I hate to rain on your parade, but those lines don't seem to make much sense to me... Also, the volume just isn't high enough to warrant a trend-reversal as of now. People are waiting for at least $275 to be crossed, if you ask me...
legendary
Activity: 2226
Merit: 1052
January 03, 2015, 04:19:03 PM
#4
Well i hope so, it seems like a sustained attack where every couple of weeks the price gets beaten down 5%

Attack ? How come someone can attack a 4 billion USD market cap ?
legendary
Activity: 1218
Merit: 1003
January 03, 2015, 04:16:56 PM
#3
Well i hope so, it seems like a sustained attack where every couple of weeks the price gets beaten down 5%
legendary
Activity: 2226
Merit: 1052
January 03, 2015, 04:16:50 PM
#2
Remember this ?

legendary
Activity: 2101
Merit: 1061
January 03, 2015, 04:12:39 PM
#1
Trendline reached



With price falling sharply bitcoin price has reached a trendline which goes back a long way on log scale. For bullish scenario you want to see rebound off that line from hereabouts. Be wary of conceeding support as broken too soon though, small spike below that line would not be surprise. I reckon a run back up to top the channel could be on the cards. What you think ?  Shocked
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