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Topic: Current Bitcoin Trend (Read 2120 times)

sr. member
Activity: 336
Merit: 250
June 30, 2014, 06:59:10 AM
#22
This month is almost identical to September of last year..

I've been looking at the weekly chart and sept-oct last year looked just like this. run up and bear trap. nice rise off the established bottom, then 3 red candles, before a green candle trading in the same range for a week, then it made a break for the moon. now we've had a run up off the bottom, three weeks of red candles and then a week sideways ending in a green. deja vu anyone? i hope i hope haha
sr. member
Activity: 266
Merit: 250
June 27, 2014, 01:17:17 AM
#21
sold my bitcoins at 585 and 575.

On a private exchange someone was panic selling for 547 so I couldnt resist and bought a few.  Not sure If I should dump them for a quick profit on a large exchange or hodl....
newbie
Activity: 30
Merit: 0
legendary
Activity: 1470
Merit: 1007
June 26, 2014, 05:48:53 PM
#19
We'll see... Not convinced we're going to have a rally this year yet.

Me neither.

But that "downtrend" you drew was so sloppy, it made masterluc cry (and he's not even reading this forum anymore) Cheesy
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
June 26, 2014, 04:17:37 PM
#18
We'll see... Not convinced we're going to have a rally this year yet.

there is simply no way of knowing what will happen, like they say "the night is darkest before the dawn"
this could shoot back up anytime, in the meantime, just try to get more on trading those short ups and downs.
legendary
Activity: 1064
Merit: 1001
June 26, 2014, 03:52:56 PM
#17
We'll see... Not convinced we're going to have a rally this year yet.
legendary
Activity: 2744
Merit: 1288
June 26, 2014, 03:35:18 PM
#16


say goodbye to triple digits.

Yes sadly it will happen soon. We will wait to see 3 digits again for a long long time. BitCoin will need lots time to recover of all troubles coming in near future.
legendary
Activity: 1106
Merit: 1005
June 26, 2014, 03:27:49 PM
#15
Let's hope july is like november then,

it's about 8 months so it's about time for a new rally.

say goodbye to triple digits. 2000 is the new 500
full member
Activity: 204
Merit: 100
June 26, 2014, 02:05:07 PM
#14
This month is almost identical to September of last year..
legendary
Activity: 896
Merit: 1000
June 26, 2014, 01:56:52 PM
#13


Image sais it all. Seems like no ATH this year, folks.









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Ooops.

Haha, I saw that first image and though, "What the hell is he smoking? That isnt a valid trendline OR even remotely bearish"
legendary
Activity: 1064
Merit: 1001
June 26, 2014, 01:20:36 PM
#12
1 word: "ACCURATE" ?
legendary
Activity: 1176
Merit: 1010
Borsche
June 26, 2014, 01:16:54 PM
#11
Image sais it all

Some images are worth a thousand words, yet for others even one is too much.
legendary
Activity: 1470
Merit: 1007
June 26, 2014, 01:04:03 PM
#10


Image sais it all. Seems like no ATH this year, folks.









...


...


...











Ooops.
newbie
Activity: 27
Merit: 0
June 26, 2014, 12:48:23 PM
#9
Of course any half of us could be wrong at some point this year, but with the amount of media, venture capital, and development happening I doubt we're on a year long bear trend. I'm not saying we have to go to $5k this year, but at some point this ship is gonna start sailing north.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
June 26, 2014, 12:33:14 PM
#8
I would think after the selling and dumping of the silkroad coins that bitcoin will drop severely. Could be wrong Thou!

Uh huh.
legendary
Activity: 966
Merit: 1000
In holiday we trust
June 26, 2014, 12:28:42 PM
#7
I would think after the selling and dumping of the silkroad coins that bitcoin will drop severely. Could be wrong Thou!
legendary
Activity: 1064
Merit: 1001
June 26, 2014, 12:26:45 PM
#6
That graph gives off a strong "buy" vibe. Can't figure out why  Roll Eyes

That chart didn't showed any 'buy' signals at 450s...
full member
Activity: 152
Merit: 100
June 26, 2014, 12:20:33 PM
#5
That graph gives off a strong "buy" vibe. Can't figure out why  Roll Eyes
legendary
Activity: 3780
Merit: 5429
June 26, 2014, 12:16:56 PM
#4


Image sais it all. Seems like no ATH this year, folks.
You wanna post this chart again when the year is actually near end?

Here, have another chart:

hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
June 26, 2014, 12:10:57 PM
#3
Your line violates a basic tenet of trend lines.  In a downtrend, we have lower highs and lower lows.  You can clearly see from your chart that we recently had a higher high.  If we can establish a higher low, then we are in a confirmed bull trend.

Price needs to stay above the 200 SMA for confirmation of a new long term bull trend. This has failed to happen so far.
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