with Bitcoin only having 3 more weeks to live in China
This simply is not true.
Topic: Downtrend started? - page 8. (Read 9511 times)
This simply is not true.
But returning to this China thing, we have seen a massive revival in Bitcoin where on all the major exchanges, it spiked just below a very significant resistance level, we are now trending down on the short term chart. When China wakes up in a few hours and they see that Bitcoin just failed to break through a major resistance level, with Bitcoin only having 3 more weeks to live in China, with gains and/or recovered losses in Bitcoin that many thought they would never see but now trending down; what are they most likely gonna do?
btw....the spike up was Chinese lead, the correction was lead by western exchanges, especially Bitstamp.
All I can say is that the Chinese love Bitcoin!
(Maybe too much!! ) You know what? If all you shaky bears would just chill out a little more, then the new confidence seeping into the Bitcoin market would be complete and the long, long, long uptrend we are now going to see - at an average of around +20 per day for months now (with "little" spikes up and then down again to this trend and yes, of course perhaps some short-term bullshit if they execute Bitcoin in China) - would be even steeper! 
I happen to believe that we are in the eye of the storm right now.....
....opportunity to play and make merry, but if you are still out when the storm kicks in again........
This is just my belief, just as you have your beliefs although neither of us are qualified enough to say what is actually going to happen. From a mish-mash of our hopes, fears, reasoning, with just tiny smattering of logic, we build up our Bitcoin paradigms. Time will tell whose paradigm serves who the best. If I am wrong, then you make loadsa profit and I am left at the sidelines once again. If I am right, then I avoid losing heavily, perhaps picking up lots of cheap coins in process.
But returning to this China thing, we have seen a massive revival in Bitcoin where on all the major exchanges, it spiked just below a very significant resistance level, we are now trending down on the short term chart. When China wakes up in a few hours and they see that Bitcoin just failed to break through a major resistance level, with Bitcoin only having 3 more weeks to live in China, with gains and/or recovered losses in Bitcoin that many thought they would never see but with Bitcoin now trending down; what are they most likely gonna do?
btw....the spike up was Chinese lead, the correction was lead by western exchanges, especially Bitstamp.
Downtrend? FFS were you asleep this weekend?
no, but I sold some today. Think the downtrend is starting.
no, sold >950 at stamp
Is this a downtrend or just a correction?
Personally, I believe we will see this downtrend in the next weeks, until we reach the 500 USD levels.
If we compare the china-bubble to the april-bubble, we see some similarities:
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trend down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
Thoughts?
Personally, I believe we will see this downtrend in the next weeks, until we reach the 500 USD levels.
If we compare the china-bubble to the april-bubble, we see some similarities:
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trend down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
Thoughts?
Maybe.
I bought in the previous day at at $830, went for a walk when it was at $950, came back and seen it was $880.
PANIC!! SELL!!...........DONE IT AGAIN DOH!!
Another $1000 worth of profit up in smoke due to me being an over impulsive skittish reactionary fkn clown. So there is a part of me that wants this to be a down-trend kicking in, certainly arepo has forecasted this possibility and since he came to my attention, he seems to have called things pretty well.
Looking at 15 min chart, obvious downtrend.....but looking at 4 hour chart, who knows?
I am 60% on us seeing a bit of down-time over the next few days. I certainly amn't buying, but I wouldn't be shorting either (if I even could).
MatTheCat I have said it before and I'll say it again. This is no place to be trusting an "expert"! No joke.
For the last two weeks Arepo has been saying that we are going to fall into capitulation. He clearly believed this uptrend was nothing more than part of a final leg down. He can stretch this out ad infinitum if he wants until it finally does come down even a little bit and then point and say "Look see. A bearish triangle!" or something like that. Come on man. Think for yourself.
EDIT: I'm not saying that Arepo isn't an intelligent guy. I'm saying that he seems always to be hedging things and never really admitting (to me anyway!) that he has made a mistake. He got kind of angry when I showed that I had taken on another TA analyst and won at said analyst's odds of 100:1. But despite what he says about respecting the profession and all that, sorry.. but the guy is a TA analyst with all kinds of pretty charts and terms... and he was completely wrong!
what are talking about? its been in a serious uptrend for 2 weeks.
3 Weeks beginning 12/17/2013and very stable
You know what? If all you shaky bears would just chill out a little more, then the new confidence seeping into the Bitcoin market would be complete and the long, long, long uptrend we are now going to see - at an average of around +20 per day for months now (with "little" spikes up and then down again to this trend and yes, of course perhaps some short-term bullshit if they execute Bitcoin in China) - would be even steeper!
Is this a downtrend or just a correction?
Personally, I believe we will see this downtrend in the next weeks, until we reach the 500 USD levels.
If we compare the china-bubble to the april-bubble, we see some similarities:
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trend down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
Thoughts?
Personally, I believe we will see this downtrend in the next weeks, until we reach the 500 USD levels.
If we compare the china-bubble to the april-bubble, we see some similarities:
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trend down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
Thoughts?
Maybe.
I bought in the previous day at at $830, went for a walk when it was at $950, came back and seen it was $880.
PANIC!! SELL!!...........DONE IT AGAIN DOH!!
Another $1000 worth of profit up in smoke due to me being an over impulsive skittish reactionary fkn clown. So there is a part of me that wants this to be a down-trend kicking in just so I don't feel like such a fuckwit.........certainly arepo has forecasted this possibility and since he came to my attention, he seems to have called things pretty well.
Looking at 15 min chart, obvious downtrend.....but looking at 4 hour chart, who knows?
I am 60% on us seeing a bit of down-time over the next few days. I certainly amn't buying, but I wouldn't be shorting either (if I even could).
Downtrend? FFS were you asleep this weekend?
no, but I sold some today. Think the downtrend is starting.
Downtrend? FFS were you asleep this weekend?
no, but I sold some today. Think the downtrend is starting.
Downtrend? FFS were you asleep this weekend?
D...d...d.... downtrend??
Oh... ho ... HO HO... HO HO HO HO!!!!
Oh... ho ... HO HO... HO HO HO HO!!!!
It's actually a triple channel double shoulder top.
You mean like this?
Or is that just a plain old triple top?
Yep. Experts (me) refer to it as the "total recall formation." Haven't seen it since 1990.
The trend over the past month and a half has been a 'circular' trend. I'll call out "the wheel of fortune".
It's actually a triple channel double shoulder top.
You mean like this?
Or is that just a plain old triple top?
Just looked, my bitcoins are up, I don't know about yours Not sure what downtrend you're talking about.
Not sure what downtrend you're talking about. If we compare the china-bubble to the april bubble, we see some similarities:
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trand down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trand down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
Just judging by the technical analysis I see, and based on the data coming in from sources from China and such, we're definitely in a downtrend that will probably certainly last between 3 months and 18 months and will go at least as low as the last double channel triple shoulder top a few months ago, just following the trend lines from the 2-3 day moving average oscillator. That means the price will likely go at least to $78, before rebounding to new ATHs in 2018. There is black swan chance the price will follow the more dramatic downtrend indicated by the exponential channel and we could see prices retest $2.
Solid analysis. I mean how can anyone say there is anything remotely wrong with this?
Back to the original poster, are we even -in- a downtrend?!
If we compare the china-bubble to the april bubble, we see some similarities:
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trand down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trand down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
Just judging by the technical analysis I see, and based on the data coming in from sources from China and such, we're definitely in a downtrend that will probably certainly last between 3 months and 18 months and will go at least as low as the last double channel triple shoulder top a few months ago, just following the trend lines from the 2-3 day moving average oscillator. That means the price will likely go at least to $78, before rebounding to new ATHs in 2018. There is black swan chance the price will follow the more dramatic downtrend indicated by the exponential channel and we could see prices retest $2.
As usual your TA is shit. It's actually a triple channel double shoulder top. You can lead a llama to water...
All I see here is that the price recently rose $250 way too fast and too little volume so it left the order books really thin. Then naturally the thin space in the order books is now being tested and the gap is being filled. So far all I see is a correction.
If it goes below 850 where that trend is then it might be a downtrend.
If it goes below 850 where that trend is then it might be a downtrend.
If we compare the china-bubble to the april bubble, we see some similarities:
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trand down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
After the bubble, we trended down for several weeks from 150 USD towards 65 USD! I do not think we will trand down that much this time, but a downtrend will happen I guess.
After the downtrend, we saw slow growth and a lot of merchant interest. That phase will be bullish for bitcoin, triggering a new bubble.
April is so last year and 3 bubbles behind.
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