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Topic: Get ready… - page 2. (Read 3739 times)

hero member
Activity: 840
Merit: 1000
November 25, 2013, 10:23:41 AM
#5
The BTCchina chart tells the whole story.  China is driving this market plain and simple.

If BTCHina is the market driver then that chart would suggest that Bitcoin is dead cat bouncing.

Take a look at it ffs before coming on here and slavering all over the carpet.
sr. member
Activity: 378
Merit: 255
November 25, 2013, 09:51:37 AM
#4
The BTCchina chart tells the whole story.  China is driving this market plain and simple.
 
It went through its bubble cycle already.  It's right around it's 50% retrace and is consolidating.  It is currently in the end of a tightening pennant formation.  Normally I would look for a longer consolidation period.  But so much interest if flooding into Bitcoin right now, I'm betting the consolidation period is far shorter then normal.

If it breaks down it will go down a bit, and find a new base.  But if it breaks topside, it will continue its run... breaking a new high.  Hear me now believe me later.

Aren't they going to bed soon?  It's 10:51 pm in Beijing.
hero member
Activity: 632
Merit: 500
November 25, 2013, 09:09:36 AM
#3
The BTCchina chart tells the whole story.  China is driving this market plain and simple.
 
It went through its bubble cycle already.  It's right around it's 50% retrace and is consolidating.  It is currently in the end of a tightening pennant formation.  Normally I would look for a longer consolidation period.  But so much interest is flooding into Bitcoin right now, I'm betting the consolidation period is far shorter then normal.

If it breaks down it will go down a bit, and find a new base.  But if it breaks topside, it will continue its run... breaking a new high.  Hear me now believe me later.
hero member
Activity: 490
Merit: 500
November 25, 2013, 07:17:17 AM
#2
Slightly optimistic are we?  Wink

Logic?
hero member
Activity: 632
Merit: 500
November 25, 2013, 06:50:46 AM
#1
If BTCchina breaks 5363 Bitcoin will do another run, making a new all-time high.

You heard it hear first.

Cheers

Sage
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