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Topic: Downtrend started? - page 9. (Read 9511 times)

legendary
Activity: 1176
Merit: 1010
Borsche
January 06, 2014, 02:25:03 PM
#9
we could see prices retest $2.

yep that's a certainty, and it would be retested from the bottom! because price corrected 1% after going 30% up.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
January 06, 2014, 02:24:46 PM
#8
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.

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.

Ha ha ha!  Cheesy You really brightened up my day!

 Smiley Wink Cheesy Grin
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
January 06, 2014, 02:22:31 PM
#7
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.

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.

Ha ha ha!  Cheesy You really brightened up my day!
legendary
Activity: 2198
Merit: 1311
January 06, 2014, 02:17:53 PM
#6
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.

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.
full member
Activity: 198
Merit: 100
January 06, 2014, 02:15:15 PM
#5
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.

Thoughts?

what are talking about? its been in a serious uptrend for 2 weeks.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
January 06, 2014, 02:14:23 PM
#4
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.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
January 06, 2014, 02:12:28 PM
#3


 Cheesy
hero member
Activity: 1302
Merit: 502
January 06, 2014, 02:11:14 PM
#2
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.

Thoughts?

Ah yes, the ole speculation without explanation ploy. OP, I see what you are up to.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
January 06, 2014, 02:09:00 PM
#1
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?


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