Just another bulltrap? | Bitcointalksearch.org

Coinshot

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Activity: 521

Merit: 500

Quote from: fewcoins on October 10, 2014, 04:19:43 PM

Quote from: Coinshot on October 10, 2014, 02:35:08 PM

Quote from: RockHound on October 08, 2014, 07:47:08 PM

Quote from: Coinshot on October 06, 2014, 07:15:34 PM

Quote from: Dalmar on October 06, 2014, 12:12:55 PM

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Well said! I'm in agreement although don't think it'll be slow (but that relative). Steady/progressive rise to $475 range over next 9 days period is my bet

Actually I think there will be a retest of the lows now. It will go to $450 range but only after it dips once more (over the next week).

Here comes the dip!!! More shorts by the second!

Not enough yet, have patience.

Think it will take 4-5 at the minimum to really start retesting the lows.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: Coinshot on October 10, 2014, 02:35:08 PM

Quote from: RockHound on October 08, 2014, 07:47:08 PM

Quote from: Coinshot on October 06, 2014, 07:15:34 PM

Quote from: Dalmar on October 06, 2014, 12:12:55 PM

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Well said! I'm in agreement although don't think it'll be slow (but that relative). Steady/progressive rise to $475 range over next 9 days period is my bet

Actually I think there will be a retest of the lows now. It will go to $450 range but only after it dips once more (over the next week).

Here comes the dip!!! More shorts by the second!

Dalmar

hero member

Activity: 1106

Merit: 500

Life is short, practice empathy in your life

Quote from: Coinshot on October 06, 2014, 07:15:34 PM

Quote from: Dalmar on October 06, 2014, 12:12:55 PM

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

I was not suggesting the price will hit 275 again, it already hit the major low target.

Coinshot

hero member

Activity: 521

Merit: 500

Quote from: RockHound on October 08, 2014, 07:47:08 PM

Quote from: Coinshot on October 06, 2014, 07:15:34 PM

Quote from: Dalmar on October 06, 2014, 12:12:55 PM

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Well said! I'm in agreement although don't think it'll be slow (but that relative). Steady/progressive rise to $475 range over next 9 days period is my bet

Actually I think there will be a retest of the lows now. It will go to $450 range but only after it dips once more (over the next week).

fewcoins

full member

Activity: 126

Merit: 100

Quote from: byronbb on October 06, 2014, 06:44:38 PM

Yes the volume was massive but I see no rally. I actually see sort of a stalemate between bulls and bears, so maybe some more months of tedious sideways (in)action.

This is because the dead cat bounce you're witnessing is from shorters covering their positions & taking some profits... You can already see they used those profits towards building a position around 350 & tomorrow will now be down double digit percent. This will continue until real buyers move into the picture. The ones buying now are setting up to get burned again really soon... Its not worth the risk (if there's even a chance of reward at this point)

Quote from: exocytosis on October 06, 2014, 08:24:26 PM

Classic dead cat bounce.
Sub 250 coming in a couple of days or so.

Sounds about right, The weekend will be a proving point!

Gallah

newbie

Activity: 18

Merit: 0

Bitcoinwisdom shows the same thing happened back around mid August following a massive sell off.

It then continued its steady downtrend.

This time things look different. There is steady upwards movement with steady volume. Nothing to substantial to predict movement up or down from here.

How do the rest of you read the graphs at the moment?

maker88

sr. member

Activity: 336

Merit: 250

Quote from: Coinshot on October 08, 2014, 07:26:57 PM

Quote from: exocytosis on October 06, 2014, 08:24:26 PM

Classic dead cat bounce.
Sub 250 coming in a couple of days or so.

It went the opposite way Grin

Weekend would be a real trend setter. If it does not drop much then its going to keep on rising for now.

exocytosis was wrong? shocker!

RockHound

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Activity: 224

Merit: 100

Quote from: Coinshot on October 06, 2014, 07:15:34 PM

Quote from: Dalmar on October 06, 2014, 12:12:55 PM

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Well said! I'm in agreement although don't think it'll be slow (but that relative). Steady/progressive rise to $475 range over next 9 days period is my bet

Coinshot

hero member

Activity: 521

Merit: 500

Quote from: exocytosis on October 06, 2014, 08:24:26 PM

Classic dead cat bounce.
Sub 250 coming in a couple of days or so.

It went the opposite way Grin

Weekend would be a real trend setter. If it does not drop much then its going to keep on rising for now.

MrBig

sr. member

Activity: 369

Merit: 250

I think the price is going to stay here for a while before we see another major shift. We've seen lower highs and lower lows in regards to the price of BTC over the last few months, and if that pattern were to continue, then we may see a slight recovery followed by drop to the low $200s towards the end of the year.

JimboToronto

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Activity: 4200

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You're never too old to think young.

Quote from: Remember remember the 5th of November on October 06, 2014, 06:52:36 PM

Quote from: JimboToronto on October 06, 2014, 11:37:52 AM

Quote from: Kontridder on October 06, 2014, 11:29:05 AM

Momentum allready dead. It looks more and more like we are in a bulltrap / deadcatbounce.
Can some experts like Falling concur?

LOLOLOL

For which this user just went on my ignore list for being an alt.

I guess I'm more tolerant and open to comedy.

Obvious paid trolls like Kontroller, Sevtroll, Faiiiiling, Dump3troll, etc., can at least be mildly amusing in their ridiculousness.

The only troll I've put on ignore is that insufferable egotist MatTheTroll whose arrogance and stupidity transcend any entertainment value.

_chance_

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Activity: 154

Merit: 100

I think it's going to fall to 215 this time, by the huge sell wall in bitstamp a couple days ago already took it to 280
but next will be pretty steep.

exocytosis

sr. member

Activity: 476

Merit: 250

Classic dead cat bounce.
Sub 250 coming in a couple of days or so.

catena5260

sr. member

Activity: 476

Merit: 501

If we survive the weekend without dropping more, I will start to believe we hit the bottom for now.

Mid-week pumps followed by weekend dumps is so classical.

Coinshot

hero member

Activity: 521

Merit: 500

Quote from: Dalmar on October 06, 2014, 12:12:55 PM

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

Quote from: JimboToronto on October 06, 2014, 11:37:52 AM

Quote from: Kontridder on October 06, 2014, 11:29:05 AM

Momentum allready dead. It looks more and more like we are in a bulltrap / deadcatbounce.
Can some experts like Falling concur?

LOLOLOL

For which this user just went on my ignore list for being an alt.

byronbb

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Activity: 1414

Merit: 1000

HODL OR DIE

Yes the volume was massive but I see no rally. I actually see sort of a stalemate between bulls and bears, so maybe some more months of tedious sideways (in)action.

DeadCoin

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Activity: 1246

Merit: 261