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Topic: Bubble incoming! $3800 - $4000 expected - page 11. (Read 17534 times)

donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
I hope we see a new bubble soon. I bought most of my coins > $800. Would love to be in profit. Undecided

Then why didn't you buy in at the dips to 450? If I may ask... I bought in all the way down, so my average is about 620.
Weren't you one of the bears suggesting to wait until the 200s to buy?
legendary
Activity: 1792
Merit: 1000
I hope we see a new bubble soon. I bought most of my coins > $800. Would love to be in profit. Undecided

Then why didn't you buy in at the dips to 450? If I may ask... I bought in all the way down, so my average is about 620.
He may have used up all of his available funds.

What you suggest is a good strategy otherwise.

Only if it doesn't continue to go down Wink
Good point!

Obviously you would have to be fairly certain of its long term hopes  Grin
hero member
Activity: 504
Merit: 500
I hope we see a new bubble soon. I bought most of my coins > $800. Would love to be in profit. Undecided

Then why didn't you buy in at the dips to 450? If I may ask... I bought in all the way down, so my average is about 620.
He may have used up all of his available funds.

What you suggest is a good strategy otherwise.

Only if it doesn't continue to go down Wink

I used to be scared when it dropped that it would just keep dropping. But that NEVER happens. HODL, y'all.
sr. member
Activity: 322
Merit: 250
Decentralize All The Things!
I hope we see a new bubble soon. I bought most of my coins > $800. Would love to be in profit. Undecided

Then why didn't you buy in at the dips to 450? If I may ask... I bought in all the way down, so my average is about 620.
He may have used up all of his available funds.

What you suggest is a good strategy otherwise.

Only if it doesn't continue to go down Wink
legendary
Activity: 1792
Merit: 1000
I hope we see a new bubble soon. I bought most of my coins > $800. Would love to be in profit. Undecided

Then why didn't you buy in at the dips to 450? If I may ask... I bought in all the way down, so my average is about 620.
He may have used up all of his available funds.

What you suggest is a good strategy otherwise.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Not everyone is a trading champ and I guess many folks bought in a one time chunk.
sr. member
Activity: 322
Merit: 250
Decentralize All The Things!
I hope we see a new bubble soon. I bought most of my coins > $800. Would love to be in profit. Undecided

Then why didn't you buy in at the dips to 450? If I may ask... I bought in all the way down, so my average is about 620.
full member
Activity: 154
Merit: 100
I hope we see a new bubble soon. I bought most of my coins > $800. Would love to be in profit. Undecided
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.

Alert: China Ban detected.
sr. member
Activity: 952
Merit: 281
No chart for me.  But I am praying that you are right!
full member
Activity: 196
Merit: 100
*fingers crossed*
newbie
Activity: 9
Merit: 0
June 16, 2014, 02:58:55 PM
#9
It is not only the RSI, it is also the symmetrical triangle. The triangle is used in forex trading and gives you an indication of continuation. Continuation means a new bubble in this graph. It also gives you a target of the new top. The top may be less or even more. It is only a target.
legendary
Activity: 2464
Merit: 1145
June 16, 2014, 02:30:07 PM
#8
can someone explain what the chances are that we will see a new ath in mid/late july?
and also why we would not see a new ath :p

rsi alone, i doubt its enough :8
hero member
Activity: 742
Merit: 500
June 16, 2014, 02:22:03 PM
#7
Aside from the peak target (don't know if it's gonna be that high), i absolutely agree with you OP.

Bear market  -> Trend reversal -> pre-bubble crash -> new ATH and beyond.

It's probably gonna take a while though.
full member
Activity: 196
Merit: 100
June 16, 2014, 02:16:26 PM
#6
While I see something here, RSI alone is not nearly enough to indicate this. I am skeptical of all these predictions of another bubble right away.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
June 16, 2014, 01:49:40 PM
#5
I've seen this 4k next bubble prediction from a couple of different sources. TTM
sr. member
Activity: 644
Merit: 250
June 16, 2014, 01:47:10 PM
#4
I really hope so. To the moon guys !
hero member
Activity: 518
Merit: 500
June 16, 2014, 01:29:42 PM
#3
Great chart and extrapolation.
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
June 16, 2014, 01:28:58 PM
#2
I sure hope so, OP. Meanwhile I will be telling everyone I know about bitcoin, and everyone reading this should too.
newbie
Activity: 9
Merit: 0
June 16, 2014, 01:26:22 PM
#1
I've used the RSI to see if we can expect a new bubble. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Just before the last bubbles we had a rise of the RSI above 80 and directly after that we had a drop. After this drop comes the bubble.

I'm expecting a top of about $3800 to $4000 because of the symmetrical triangles. Price target of a symmetrical triangle: the widest distance of the symmetrical triangle can be measured and applied to the breakout point

http://i57.tinypic.com/5vvdbc.png




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