Do you still trust this rally? | Bitcointalksearch.org

sadasa

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Quote from: Cybertron00 on June 14, 2016, 08:24:00 PM

I also trust the rally now. I believe it will go above 800$ and maybe it will touch 1000$ if we are lucky. If that times comes ill consider selling some of my bitcoin. Grin

It seems very likely for the price to touch $1000 later this year or early next year. It depends on other factors as well.

Cybertron00

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I also trust the rally now. I believe it will go above 800$ and maybe it will touch 1000$ if we are lucky. If that times comes ill consider selling some of my bitcoin. Grin

sadasa

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Quote from: Dafar on June 13, 2016, 11:52:56 AM

Quote from: fearlesscat10 on June 13, 2016, 11:47:47 AM

Quote from: sadasa on June 13, 2016, 10:30:36 AM

Quote from: fearlesscat10 on June 13, 2016, 01:08:22 AM

Quote from: Bestwishes745 on June 11, 2016, 03:39:50 PM

I believe on this rally and everyone is believing on it as this is a real rally and it is because of the news of halving and we will reach to $700 in this month, if God wanted, and now we will not go down again as people now like to adopt it and to use it.

I think we might even reach $800 this month. I mean holy cow, It was just below $600 the other day. This rally is going places.

The price is 29 months high at the moment. The price has risen too fast. I think it needs good correction.

But will the price correction happen before halving?

Probably not, unless it's a week/few days before halving

I think the price correction is happening now. The price in Polnoniex is around $620, that is a drop of $100.

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Quote from: fearlesscat10 on June 13, 2016, 11:47:47 AM

Quote from: sadasa on June 13, 2016, 10:30:36 AM

Quote from: fearlesscat10 on June 13, 2016, 01:08:22 AM

Quote from: Bestwishes745 on June 11, 2016, 03:39:50 PM

I believe on this rally and everyone is believing on it as this is a real rally and it is because of the news of halving and we will reach to $700 in this month, if God wanted, and now we will not go down again as people now like to adopt it and to use it.

I think we might even reach $800 this month. I mean holy cow, It was just below $600 the other day. This rally is going places.

The price is 29 months high at the moment. The price has risen too fast. I think it needs good correction.

But will the price correction happen before halving?

Probably not, unless it's a week/few days before halving

fearlesscat10

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Quote from: sadasa on June 13, 2016, 10:30:36 AM

Quote from: fearlesscat10 on June 13, 2016, 01:08:22 AM

Quote from: Bestwishes745 on June 11, 2016, 03:39:50 PM

I believe on this rally and everyone is believing on it as this is a real rally and it is because of the news of halving and we will reach to $700 in this month, if God wanted, and now we will not go down again as people now like to adopt it and to use it.

I think we might even reach $800 this month. I mean holy cow, It was just below $600 the other day. This rally is going places.

The price is 29 months high at the moment. The price has risen too fast. I think it needs good correction.

But will the price correction happen before halving?

sadasa

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Quote from: fearlesscat10 on June 13, 2016, 01:08:22 AM

Quote from: Bestwishes745 on June 11, 2016, 03:39:50 PM

I believe on this rally and everyone is believing on it as this is a real rally and it is because of the news of halving and we will reach to $700 in this month, if God wanted, and now we will not go down again as people now like to adopt it and to use it.

I think we might even reach $800 this month. I mean holy cow, It was just below $600 the other day. This rally is going places.

The price is 29 months high at the moment. The price has risen too fast. I think it needs good correction.

fearlesscat10

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Quote from: Bestwishes745 on June 11, 2016, 03:39:50 PM

I believe on this rally and everyone is believing on it as this is a real rally and it is because of the news of halving and we will reach to $700 in this month, if God wanted, and now we will not go down again as people now like to adopt it and to use it.

I think we might even reach $800 this month. I mean holy cow, It was just below $600 the other day. This rally is going places.

Bestwishes745

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I believe on this rally and everyone is believing on it as this is a real rally and it is because of the news of halving and we will reach to $700 in this month, if God wanted, and now we will not go down again as people now like to adopt it and to use it.

richardsNY

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Quote from: SomaliRebel on June 11, 2016, 01:56:58 PM

I have trusted every rally thus far. Hodl me Cry

You basically mean that as long as you make profit you will continue to trust rallies. Grin

I think that goes up for the majority of the people here.

lister storm

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Quote from: SomaliRebel on June 11, 2016, 01:56:58 PM

I have trusted every rally thus far. Hodl me Cry

theres nothing to hold right now, the price is still increasing and it does not show any signs of stopping at the moment, so i think it will keep on going for a while

i always trusted in bitcoin rise and i will always trust in it because bitcoin is the currency that is created for people not for governments and countries to be able to manipulate people with money

d5000

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The sentiment is still way to good for this rally to stop. Look at the threads in this forum; people are again dreaming of 2000$ or even 1.000.000$ for one single Bitcoin.

But this shows also that we are already in an advanced stage of the rally. Some market participants are already thinking of taking profits. And I think if there is someone dumping again down to 560, there could be a first little panic. It may not be the end of the rally, but a little break.

I think we will reach $600 within a few days (maybe this weekend, weekends were pretty bullish in the last months) and then it will go up to $700, at least. Maybe $800. But in the next phase you should be wary of profit taking, especially when we're approaching the halving date.

SomaliRebel

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I have trusted every rally thus far. Hodl me Cry

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I am trying to work out why I would not trust it? I have accumulated for a few years and even if it does go back down to previous levels I could still sell at profit but I have no intentions to sell for many years to come. That a side there will be enough steam to break $600 in the coming weeks but I have no idea to what level.

nanonymousx

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Yes we do trust this rally, Bitcoin has the upper limit of 21 million, so as long as it is still used by millions people, Bitcoin will go up in price as time goes by.

Taki

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I don't know from where you have such pissimistic thoughts. I am sure that Bitcoin will cross the point of 600 $ per 1 BTC soon.
Could you tell me why do you think that it is impossible?

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Quote from: skierchewing on June 11, 2016, 12:12:36 PM

As long as the halving as not passed, for me, we'll still be in the bubble. I might even say that we will keep a bit of progress like last November's one.

thats true, i must admit that bitcoin halving in my opinion will push the price significantly up

skierchewing

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As long as the halving as not passed, for me, we'll still be in the bubble. I might even say that we will keep a bit of progress like last November's one.

iv4n

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Why not to trust it? Can't you see how much prise raised? I trust now more then yesterday, and less then tomorrow for sure. It's how it going in this time of fast rising.

After this halving anything can happen literally, so big things waiting for bitcoin just if everything stay good like it is now.

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

I trust this rally. Even if it has run out of steam, a natural support base will be formed at $500+.
Sure, there will be some retraces. But I doubt if we will go all the way back to $400.

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Quote from: jtipt on June 11, 2016, 10:03:49 AM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

It's really holding 560-580 for few weeks now. I don't see it falling anytime soon and with the halving coming I would only expect it to rise more even touch the 700$ mark soon in the next month.

i agree the above $500 has been very strong from the very begining of this rise and i have never seen such a rish to stick around this much.

previously all the rises has ended in a decline right after the rise but this time it has gone up to $500 and then continued to go higher and now it is stable at $570+

jtipt

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

It's really holding 560-580 for few weeks now. I don't see it falling anytime soon and with the halving coming I would only expect it to rise more even touch the 700$ mark soon in the next month.

Yakamoto

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I have fairly good confidence in this rally still, there isn't anything that says otherwise so I might as well just keep moving along with it and wait to see where it goes. It hasn't been dropping, and the value is slowly increasing, so it seems like everything is relatively hunky-dory for right now. I'll wait and see what happens at the halving though.

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Quote from: BillyBobZorton on June 11, 2016, 09:42:23 AM

580 is holding really strong, it will go up anytime soon. The stability will not be maintained for long. Too bullish.

Bitcoin too strong!

BillyBobZorton

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580 is holding really strong, it will go up anytime soon. The stability will not be maintained for long. Too bullish.

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Quote from: Pab on June 11, 2016, 07:17:45 AM

Quote from: Cyaren on June 10, 2016, 11:59:41 PM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

Nah man. $600 is still relatively cheap to buy in just before the halving. Remember that the halving is still a month away... If we get closer, then I bet the price will rise much further.

But yeah... Currently hovering around $580. Maybe we'll see $600 broken in the next week?

price rise up to event after is correct,be ready for that,dump will finally come,but can be some fast pump before to above 700$ i think,lets see

I expect a dump too but not before the halving. The chance that the price will go up this coming 30 days is the main reason i am holding at the moment. Seems that there is stil room for te price to go up.. But to 650 max. I don't see it getting over 650.

thddx

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I don't actively trade, but I occasionally play with long-term trends. I shorted at 575 on Gdax and set a buyback order for 520. I was pleasantly surprised this morning to see a large dump on 5/7 (down to ~500) that filled my order. Not great, but easy money nonetheless.

I do not watch the charts very closely.

Pab

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Quote from: Cyaren on June 10, 2016, 11:59:41 PM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

Nah man. $600 is still relatively cheap to buy in just before the halving. Remember that the halving is still a month away... If we get closer, then I bet the price will rise much further.

But yeah... Currently hovering around $580. Maybe we'll see $600 broken in the next week?

price rise up to event after is correct,be ready for that,dump will finally come,but can be some fast pump before to above 700$ i think,lets see

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Quote from: sadasa on June 11, 2016, 06:21:45 AM

Quote from: BitcoinPC on June 11, 2016, 04:18:38 AM

Quote from: 1Referee on June 11, 2016, 03:28:47 AM

Quote from: Cyaren on June 10, 2016, 11:59:41 PM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

Nah man. $600 is still relatively cheap to buy in just before the halving. Remember that the halving is still a month away... If we get closer, then I bet the price will rise much further.

But yeah... Currently hovering around $580. Maybe we'll see $600 broken in the next week?

Hopes were high that the price would reach $600 this week but it didn't happen. I think next week will be exactly the same as this week. It will just keep sailing at current price levels. $600 looks so close, but in reality no one has made the effort to push the price very very close to $600 yet.

Yes it has gone very very close to 600$ but bitcoin has still not managed to cross 600$. 600$ look like a mile stone now. Once its crosses 600$, then there will be no stoppage and price will further move upwards.

To be honest, I think it is better for the price to stay below $600. It has risen 30% in the last 30 days.

But for how long can it / will it stay below $600? I think it'll break $600 for sure in the next few weeks.

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

I agree. Basically every time the price moves to $600 the blocks get full and the speculators then start fretting about the backlog and taking profits.

sadasa

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Quote from: BitcoinPC on June 11, 2016, 04:18:38 AM

Quote from: 1Referee on June 11, 2016, 03:28:47 AM

Quote from: Cyaren on June 10, 2016, 11:59:41 PM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

Nah man. $600 is still relatively cheap to buy in just before the halving. Remember that the halving is still a month away... If we get closer, then I bet the price will rise much further.

But yeah... Currently hovering around $580. Maybe we'll see $600 broken in the next week?

Hopes were high that the price would reach $600 this week but it didn't happen. I think next week will be exactly the same as this week. It will just keep sailing at current price levels. $600 looks so close, but in reality no one has made the effort to push the price very very close to $600 yet.

Yes it has gone very very close to 600$ but bitcoin has still not managed to cross 600$. 600$ look like a mile stone now. Once its crosses 600$, then there will be no stoppage and price will further move upwards.

To be honest, I think it is better for the price to stay below $600. It has risen 30% in the last 30 days.

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Quote from: 1Referee on June 11, 2016, 03:28:47 AM

Quote from: Cyaren on June 10, 2016, 11:59:41 PM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

Nah man. $600 is still relatively cheap to buy in just before the halving. Remember that the halving is still a month away... If we get closer, then I bet the price will rise much further.

But yeah... Currently hovering around $580. Maybe we'll see $600 broken in the next week?

Hopes were high that the price would reach $600 this week but it didn't happen. I think next week will be exactly the same as this week. It will just keep sailing at current price levels. $600 looks so close, but in reality no one has made the effort to push the price very very close to $600 yet.

Yes it has gone very very close to 600$ but bitcoin has still not managed to cross 600$. 600$ look like a mile stone now. Once its crosses 600$, then there will be no stoppage and price will further move upwards.

1Referee

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Quote from: Cyaren on June 10, 2016, 11:59:41 PM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

Nah man. $600 is still relatively cheap to buy in just before the halving. Remember that the halving is still a month away... If we get closer, then I bet the price will rise much further.

But yeah... Currently hovering around $580. Maybe we'll see $600 broken in the next week?

Hopes were high that the price would reach $600 this week but it didn't happen. I think next week will be exactly the same as this week. It will just keep sailing at current price levels. $600 looks so close, but in reality no one has made the effort to push the price very very close to $600 yet.

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

I think we're going to stay here for a while, and then perhaps go up even further Tongue

The reason is that the halving is still approaching us, and we're definitely going to see more price rises.

That's just my opinion though. I could be wrong.

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

This Bitcoin rally is true and the price will increase day by day. Now the time for bitcoin to test new higher prices.
If you think bitcoin will back $400 I think you are in dream. Halving coming early July wait to see a big rally.

hasiramasenju

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even though there is no guarantee would happen big pump but yes i do still believe this rally still not over
and before halving dates the prices will be rise up reach to $600 and after halving dates next peak would be $700

fearlesscat10

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Quote from: Pursuer on June 11, 2016, 01:17:06 AM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

this could have been true in the early days the we broke the $500 because nobody was sure about the price but now it has built up some good support and the new bottom has been tested now so there is no way possible that price can go to 4xx range any more there is only one way to go and that is up towards $600 and breaking it.

Yes I highly doubt that we'll ever go back to the $400 range, taking the halving into consideration. The supply will be significantly decreased, and so the demand will adjust.

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

this could have been true in the early days the we broke the $500 because nobody was sure about the price but now it has built up some good support and the new bottom has been tested now so there is no way possible that price can go to 4xx range any more there is only one way to go and that is up towards $600 and breaking it.

fearlesscat10

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Quote from: bajing on June 11, 2016, 12:22:14 AM

I still believe this rally could break $600 in the middle of this match, imo if the price less than $700 the miner will not get a profit by mining bitcoin.

Agreed, the rally doesn't seem to be slowing down just yet. I believe we'll break $600 soon before halving. Maybe even past that.

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I still believe this rally could break $600 in the middle of this match, imo if the price less than $700 the miner will not get a profit by mining bitcoin.

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

Nah man. $600 is still relatively cheap to buy in just before the halving. Remember that the halving is still a month away... If we get closer, then I bet the price will rise much further.

But yeah... Currently hovering around $580. Maybe we'll see $600 broken in the next week?

Herbert2020

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

you sound just like kuakduckfuck, this rise like it or not has stuck around for long enough time with a good support so far. and even if there were a chance of going down it would have happened in the early days and would have gone back to 490 at best and then sprung back up to 600 but that will never happen.

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Pumpkin's college fund is ALL IN gents. This gon be good.

May our monuments, erected in the name of the Halvening... bring us good fortune, and salvation from these debtor's chains.

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Quote from: mkc on June 10, 2016, 12:50:41 PM

We trust, because halving. Halving is kind of like the climax of this rally. Hold and see how much a coin will fetch after that.
You got to admit, of all the crypto coins, Bitcoin is the first and the most dicipline one.

Same as i, I really trust this rally knowing halving is coming and really it is the main reason why the price keep rising and halving gets excellent result for peoples minds today because they intended to hold for now and waiting for this july thats wjy theirs no really doubt that price would pump up for more than what we expected, and surely this rally will surprise us for more days and let see when it stop.

mkc

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We trust, because halving. Halving is kind of like the climax of this rally. Hold and see how much a coin will fetch after that.
You got to admit, of all the crypto coins, Bitcoin is the first and the most dicipline one.

Barbut

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I have trust, it's going up and it look like it will not stop soon. Its question how high it can go, and will we stay so high or it will fall down.

To many questions, and even more answer's and different predictions. I guess we will wait and see, some will earn more some less, that is individual.

talkbitcoin

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All I know is that I know nothing.

i have been seeing this exact topic for over a year although it has been created a couple of days ago the only difference between this and previous ones is the price in the first post or title.

just change "break $600" to 500,400 and so on and change the drop "down to 400" to 200 and the rest is history!

BillyBobZorton

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Out of steam? we have been going up every since more than a year ago after the last 150something bottom, bitcoin has only gone upwards since them and we are still going strong so calm down and enjoy the rise.

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

There have been several post before also which is similar to this speculation that price will go back to where it was before pump in november of last year however price didn't dumped back and pumped again recently and it is building floor near 600$ so i don't think price will go back again to 400$.

pearl11

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Yes ,the rally will resume on the first week of julythats the month of halving.
When that month comes bitcoin will be rallying day by day umtil it reaches 1000$ .

zimmah

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Quote from: Decoded on June 07, 2016, 12:45:09 AM

We're touching $590 for like the fifth time, hoping we can get past this once more.

The halving's still about 30 days away, I wouldn't count on it going straight up until about 7-14 days from it. I do find a price drop before this highly probable, however.

too much resistance for now, I think it needs to go down a little bit ($10-$20 or so, nothing big) to test the support and gear up for the next rally, but it seems china fears the 4000 CNY even more than i thought.

maybe we need to take china by the hand and drag them through the 4000 CNY territory.

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I think this is the start of the big rally. But there will not be big pump and dump. The price will rise slowly to $1200.

Cryptology

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Another failed attempted and a mini flash crash at coinbase... Doesn't look we will break $600 before a correction is completed.

BitTyro

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The rally might have a hard time breaking $600 but there's no way we go back to $400 even whales dumps their coins. Not unless we have another big bad news coupled with whales dumping to take profits, then I believe btc price will hold at around $540 to $610

arwin100

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Quote from: pooya87 on June 07, 2016, 01:15:52 AM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

it is good to know that bitcoin is not an obsolete steam engine Cheesy

but no kidding, the rise has been slow and stable so far, you can call it running out of steam or you can call it slow rise, it doesn't matter, the important matter is that the price has been rising back from last year and it is stable which is good.

The reason why bitcoin is rising today is because many people intended to buy and hoard their btc and thats good because if no selling will be happen the more price will go up and i think this rise will last only on july if the halving is finish because many people will start to sell and it is part of their plan same as i, surely massive dump will be happen and hope to see bitcoin stables at 500$ price, so trust bitcoins rally for now its not done yet we have more time Left before halving

Amph

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yes like i trusted 4xx range, because 2xx range was there for months, and 4xx the same thing

so now this is not just a pump and dump to return to 4xx or even worse to 2xx, this will go certainly higher, selling presuming that it will be dumped it's stupid beyond repair

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

it is good to know that bitcoin is not an obsolete steam engine Cheesy

but no kidding, the rise has been slow and stable so far, you can call it running out of steam or you can call it slow rise, it doesn't matter, the important matter is that the price has been rising back from last year and it is stable which is good.

Decoded

legendary

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give me your cryptos

We're touching $590 for like the fifth time, hoping we can get past this once more.

The halving's still about 30 days away, I wouldn't count on it going straight up until about 7-14 days from it. I do find a price drop before this highly probable, however.

Vahnt

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Historically speaking, when BTC starts to really get going again, the moves last far longer than ~2 weeks. Prior large moves have hit their highest points after no fewer than 4 consecutive green weekly candles. The magnitude of this current move is certainly quite large, but the reality is we're only 2 and a bit weeks into the rally, and I'd expect at least one more consecutive green weekly close before any type of pullback (i.e this week), however the heights it reaches is hard to predict. I'd put money on it breaking $600, however.

Add onto all that the imminent halving expecting sometime early July, and you have the potential for this to run for another month or so, before some type of dramatic pullback.

senyorito123

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#SWGT PRE-SALE IS LIVE

Quote from: BitcoinAshley on June 06, 2016, 09:34:04 PM

Teasing $590 again and you really think the rally is losing its steam? Lol, just be patient. Cool

Go long & HODL strong and you will learn the ways of teh bitcoin...

Yeah if many people will still hoard more and i really say they will really do it cause halving is coming, because hoarding bitcoin can make bitcoin price go higher and higher more and truly i believe that bitcoin will sky up high for more this time and rally is not done since bitcoin halving is far enough to be happen and expectation about it is more higher and positive to people and stakers thats why i can say the rally will continue for more days.

Assmaster2000

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Quote from: korila on June 06, 2016, 09:02:29 PM

haha BTC sky rocketing!!

It's going to da moon,

Lucky you have such realistic expectations. And that you didn't invest in ETH, because you'd be totally losing it now

BitcoinAshley

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Teasing $590 again and you really think the rally is losing its steam? Lol, just be patient. Cool

Go long & HODL strong and you will learn the ways of teh bitcoin...

korila

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haha BTC sky rocketing!!

It's going to da moon,

and those who shorting will lose all money~

Chef Ramsay

legendary

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No fool's gold on this train, folks. We're on our way to salvation.

Sukovsky

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Some people's patience

1Referee

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Just relax. The price has gone up considerably in the recent weeks. Let the market and the traders have some time to take a breathe and calm down.

gentlemand

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Welt Am Draht

Quote from: Yakamoto on June 06, 2016, 05:31:19 PM

Definitely not dropping back to $400s lol. I think in the worst case scenario we'd be seeing low $500s if there was a massive dump, but a smart whale wouldn't force the price down like that. Just slowly leak the coins into the market...

Why not? It's only been over 500 for a very short period of time. People seem to have some short memories.

MatTheCat

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

The pumpers have stopped pumping for sure, for now at least, and no trader worth his salt is gonna go long Bitcoin right here, after such a parabolic move with so many technical reasons to be hunting reversals as opposed to continuations and actually, if a trader who worked for a financial institution went long Bitcoin right now, they would be putting their job on the line......so that leaves 'the public'.

I seriously doubt a pullback to $400 range anytime soon. $540(ish) would be a logical support level.

I doubt the pump is done quite yet, but I also doubt the exorbitant targets that are frequently touted on this place.

wakhidNkcom

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Nkcom Collection Shop

I trust. rally go to $3000 before pop.

Yakamoto

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Quote from: zimmah on June 06, 2016, 05:28:31 PM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

unable to break $600 so we drop back to $400?

i fail to see the logic in that.

Just because we can't break $600 today doesn't mean we break through support.

It would be surprising if we even drop below $560, we won't get anywhere near $400, not even $499

Definitely not dropping back to $400s lol. I think in the worst case scenario we'd be seeing low $500s if there was a massive dump, but a smart whale wouldn't force the price down like that. Just slowly leak the coins into the market...

But $560 seems like a more reasonable wall, so I think you have the far better analysis.

zimmah

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

unable to break $600 so we drop back to $400?

i fail to see the logic in that.

Just because we can't break $600 today doesn't mean we break through support.

It would be surprising if we even drop below $560, we won't get anywhere near $400, not even $499

Ted E. Bare

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Bear with me

I trust the block reward halving. That's enough information for me to hold on to my coins.

mrhelpful

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Just be happy we even have a rally to start with lol.

But it would be insightful on where these new orders are coming from if this was ever possible.

If hits $900 next year, that would start a momentum for new buyers.

sandiman

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Quote from: Xiaoxiao on June 06, 2016, 03:00:35 PM

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

I can concur with this statement evidenced by the decrease in volume and decrease in acceleration in comparison to 5/26 during the start of the rally.

That's very healthy ! A rally on little volume is really probably a bear trap. There we've got the first leg on good volume showing strong buying pressure and then a consolidation on lower volume which is really normal.

The Sceptical Chymist

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Top Crypto Casino

It is what it is. I agree that some Chinese whale could crash this, but I think there's just too much hype about the halving. I think we'll see $600 soon. It's crazy, I wasn't expecting this.

Xiaoxiao

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The Golden Rule Rules

Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

I can concur with this statement evidenced by the decrease in volume and decrease in acceleration in comparison to 5/26 during the start of the rally.

Yogafan00000

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Some whale in China will decide to take profits, make a large sale, and trigger the dump. No one knows which trade causes this, not even the whale.

It might be 6 months, or it might be 6 minutes.

I doubt this rally makes it to $900 USD.

richardsNY

legendary

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There are still around 36 days before we see the block halving takes place. I think it will remain at the prices $560-$595 till we are only 5 or 6 days away from the halving. We need a bit more patience.

Assmaster2000

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Not out of steam, OP, just coiling, like a cobra. Getting ready to strike

sandiman

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Quote from: Cryptology on June 06, 2016, 01:17:07 PM

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

No fucking way Grin

Cryptology

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In Cryptography We Trust

It seams to me that push is exhausting itself and there is no real steam to break $600. It looks increasingly possible that we go back to the $400 range shortly. Thoughts?

Topic: Do you still trust this rally? (Read 3466 times)