BTC broke the triangle | Bitcointalksearch.org

carlisle1

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Quote from: davis196 on January 29, 2018, 01:51:30 AM

All i can see in this chart is that the bitcoin price volatility is reduced and this is something good.
I was tired of all the price movements from 13K to 15K USD every 9-10 hours at the begininng of January.
I`m not familiar with Fibonacci levels,but i`m not sure that your prediction will happen.The bearish trend will continue during the spring and i`m expecting the price to go under 9K USD.Off course,btc will recover and it will reach 20K USD somewhere around November 2018.

well your speculation come true,now bitcoin price is above $6k and if what youve said is right,we need to wait until november before it regains its price in which very long for the holder like me,but if thats the only thing maybe all i can do is hold and wait

Geekxplore

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bandar

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Quote from: babygun on January 29, 2018, 03:52:53 AM

Many people try to predict the bitcoin price using technical analysis and fancy graphs, but until now, I have not found anyone who is really accurate with his predictions.
The only thing I see in the graph that bitcoin price is quite stable for the moment and is ranging between $10 000 and $12 000.

I second that. Only thing new about this panic thing is all the new blood who FOMO bought in at 15k... This is just how this game is played. I wouldn't be surprised if we saw 7-8k/btc. I would be VERY surprised if btc never went up again. There is a big chance LN will cause a next spike at some point. Selling now would be stupid, buying now is a risk, putting buy orders a bit lower seems like the best option.

rgsnedds

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raskul

Quote from: pereira4 on January 30, 2018, 01:53:08 PM

complete fucktards panicselling,

...or large mining operations cashing in their 2017 gains,, look at the January 2017 graphs.. almost identical.
If common sense were to prevail, rather than branding everyone as 'fucktards' you might contemplate that January each year is the best time for mining companies to cash in their hard work throughout the year, for innumerable reasons... new tax year being just one of those reasons.

personally, fucktards should STFU and buy on the dips. You're welcome.

lili song

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Bitcoin will rise and recover again, the prediction until december 2018 bitcoin can reach around $ 30,000 or $ 40,000.
But if I see the graphic bitcoin step by step increase again, I think the value will come normal like November 2017.
The prediction bitcoin will up $ 10,000 or $ 12,000 in february 2018. I hope in february is the beginning month rise for bitcoin.

pereira4

legendary

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Merit: 1183

Here we go!! the $10,000 barrier is broken, complete fucktards panicselling, this sucks. There's still some hope that we will rebound from there, but chances are that we will go to $7,500 now, then go to $20,000+ in the following months.

Well, the positive side is with a lower price comes gaining more BTC faster which is the point. Fiat is dead anyway.

YuginKadoya

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Quote from: pereira4 on January 29, 2018, 09:13:18 PM

Indeed it did, but I wouldn't count out a dip even if we broke the triangle... don't underestimate the amount of easily triggered panic-seller ready to dump at the smallest sense of fear and doubt. Bitcoin has the highest amount of panic sellers on any asset I've ever seen. We need to get rid of them to have a more steady and robust growth.

Well we might have panic sellers in the community but it might be because of the manipulation of whales that is why there is so much resistance going on and bitcoin is ready to recover and move but it keeps getting on pummel by the combine efforts of panic selling and whales manipulation, And I think we can not get rid of them and how would we supposed to do that, taking all of the newbies and weak of heart in the community.

pereira4

legendary

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Indeed it did, but I wouldn't count out a dip even if we broke the triangle... don't underestimate the amount of easily triggered panic-seller ready to dump at the smallest sense of fear and doubt. Bitcoin has the highest amount of panic sellers on any asset I've ever seen. We need to get rid of them to have a more steady and robust growth.

RamonBTC

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That’s amazing, this forum are making such improvement with merit system implementation. Never mind just stating the obvious. While I get much rest this January for doing nothing much like checking the chart every hour, that is helpful for the tiring volatile bitcoin price last year. I’m now more ready to back on track again and the movement of numbers hourly will be appreciated again one day or within this month already.

Xardasim

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Before breaking resistance level price should swing around flat average rate. All technical indicators are useless in crypto charts in my opinion. What is the matter to use technical details if there is no clear history of financial tool? Let's focus on the fundamental analyse instead of hanging around less mattered things like technical indicators.

MoonJeina

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I don't have a very fair about the "fibonnaci" thing . But bitcoin has has stayed in the same range from a long time now .
As of now , the markets are not in a very good place but it is expected to rise by feburary as per discussions . If the things went well bitcoin was supposed to be at 15k and above whereas its seems to be stuck at 10k-11k . It seems that bitcoin has stayed off the "volatility" thing this year . The main reason why the market is suddenly going down is the events that are surrounding bitcoin and stopping people to invest in it . All the problems with the conjugated network and the controversy of South Korea has somehow affected the whole market . I also hope a god time awaits for all of us and we see some big greens for bitcoin soon.

SONG GEET

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Quote from: mike4001 on January 29, 2018, 06:22:07 AM

Nice about the triangle.

Yet, we still can't go over 12k and even bounced back to below 11,5k

Price is still going sideways rather than setting any clear trend. Bitcoin and all other alts might keep swinging in these regions for next few weeks before it can clearly break resistance and fly.

azguard

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Any speculation is always what someone is thinking. This may be called steady price or we could expect to see some down trend price movement maybe. Some articles suggest this to be first to happen and after that we will see price going up again and reaching levels from last year peak. Keeping bitcoin is still probably good call.

arpon11

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I have also see this as most of the technical indicators are showing an uptrend outlook. Bitcoin is going to get serious bullish momentum any moment from next week and I think we should buy now as most of the bearish tendency seeing to disappear last week. Op that you also for providing us your views and this analysis because it has give hope to me and some of the things I was having in my mind concerned this market for quite some time now and I have confidence to buy now.

Lampaster

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Quote from: babygun on January 29, 2018, 03:52:53 AM

Many people try to predict the bitcoin price using technical analysis and fancy graphs, but until now, I have not found anyone who is really accurate with his predictions.
The only thing I see in the graph that bitcoin price is quite stable for the moment and is ranging between $10 000 and $12 000.

Long-term growth of bitcoin prices has made people lazy. They came up with a story for yourself that you can not work and still have income. You only need to buy a few magic coins. This tactic is not working. Now they're looking for magicians who can tell when profitable to buy coins to earn. My recommendation. In order to have an income you have to work.

alyssa85

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Quote from: Pursuer on January 29, 2018, 03:50:36 AM

the "break" was not a major thing, it was a small size rise above the line in the picture and as you can see the price is still the same. if it was a real break out then price should have been higher that this with a faster rise.
it may be a little soon but we are getting there, 2 more days remaining from January and I think next month will be much more exciting than this month. specially with transaction fees going down fast.

It's not a major thing, but this slow grind upwards is encouraging. It looks like the new suppport is around $11,004.

mike4001

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Nice about the triangle.

Yet, we still can't go over 12k and even bounced back to below 11,5k

penig

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Quote from: babygun on January 29, 2018, 03:52:53 AM

Many people try to predict the bitcoin price using technical analysis and fancy graphs, but until now, I have not found anyone who is really accurate with his predictions.

What else are you going to use, fundamentals? Cheesy

babygun

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Many people try to predict the bitcoin price using technical analysis and fancy graphs, but until now, I have not found anyone who is really accurate with his predictions.
The only thing I see in the graph that bitcoin price is quite stable for the moment and is ranging between $10 000 and $12 000.

Pursuer

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Where is my ring of blades...

the "break" was not a major thing, it was a small size rise above the line in the picture and as you can see the price is still the same. if it was a real break out then price should have been higher that this with a faster rise.
it may be a little soon but we are getting there, 2 more days remaining from January and I think next month will be much more exciting than this month. specially with transaction fees going down fast.

Topic: BTC broke the triangle (Read 444 times)