Price will rebound at 500$ - page 2.

uki

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Quote from: harizen on May 28, 2016, 11:20:10 PM

Quote from: angaper on May 28, 2016, 06:41:45 PM

My friend, fortunately you have failed in your prediction, and the price is rocketing at this moment. It would not be surprising to see a raise toward $600 in the next few hours.

I don't want to see a quick $600. It's purely just a profit taking. If does happen just take advantage.

For price to established it's floor, it must cleaned up the mess so the so called resistance can established.

I also share your fear. A quick growth will mean also a quick dump. Like last November. Rinse and repeat.

harizen

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Quote from: pooya87 on May 28, 2016, 11:32:01 PM

Quote from: harizen on May 28, 2016, 11:20:10 PM

Quote from: angaper on May 28, 2016, 06:41:45 PM

My friend, fortunately you have failed in your prediction, and the price is rocketing at this moment. It would not be surprising to see a raise toward $600 in the next few hours.

I don't want to see a quick $600. It's purely just a profit taking. If does happen just take advantage.

For price to established it's floor, it must cleaned up the mess so the so called resistance can established.

yeah especially now that the price is above $520 i can say that it is safe to assume $500 is the new bottom and the price is not going to back below it anymore but about the rise to $600 i gotta say it is not impossible but i don't think it will happen soon.

Safe at it is. Just hope that bitcoin price don't get being spoiled by the bad news that can pull the price down.

Last January if I recalled it correctly, we can considered $450 that time as a new bottom since it stays for weeks and support is really present that time. Then Hearn saga happens and Cryptsy fraud leading to massive dumps until $360.

pooya87

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Quote from: harizen on May 28, 2016, 11:20:10 PM

Quote from: angaper on May 28, 2016, 06:41:45 PM

My friend, fortunately you have failed in your prediction, and the price is rocketing at this moment. It would not be surprising to see a raise toward $600 in the next few hours.

I don't want to see a quick $600. It's purely just a profit taking. If does happen just take advantage.

For price to established it's floor, it must cleaned up the mess so the so called resistance can established.

yeah especially now that the price is above $520 i can say that it is safe to assume $500 is the new bottom and the price is not going to back below it anymore but about the rise to $600 i gotta say it is not impossible but i don't think it will happen soon.

harizen

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Quote from: angaper on May 28, 2016, 06:41:45 PM

My friend, fortunately you have failed in your prediction, and the price is rocketing at this moment. It would not be surprising to see a raise toward $600 in the next few hours.

I don't want to see a quick $600. It's purely just a profit taking. If does happen just take advantage.

For price to established it's floor, it must cleaned up the mess so the so called resistance can established.

zimmah

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bitcoin is going to go up for the next few weeks/months.

it might have a few tests of support, but the main trend right now is up.

either buy or hold if you want to keep your wealth.

angaper

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My friend, fortunately you have failed in your prediction, and the price is rocketing at this moment. It would not be surprising to see a raise toward $600 in the next few hours.

socks435

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Price right now is already crash from 503 according to preev prediction. and i think we will see the price again high sooner its just a nature of bitcoin more people are converting their bitcoin right now back to bitcoin..

finkelsteinMonster

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Quote from: The Sceptical Chymist on May 28, 2016, 02:28:47 PM

The rest of them are all technical analysis voodoo. Bitcoin doesn't have "fundamentals" like you think of with stocks. And I do believe those triangles are deceiving.

You do know that TA is specifically not about fundamentals, correct? That's its distinguishing quality.
"In finance, technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume."-wikipedia

harizen

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Quote from: thejaytiesto on May 28, 2016, 02:11:54 PM

Everything is looking great, we will crush the 500 resistance. I don't care if it takes one day, or 2 months, we will crush it, so if you are not holding bitcoin, you are on the losing team, which means you are a complete idiot. Trying to short Bitcoin now is a big mistake. Just buy and hold. Anything under 500 dollars is a god damn steal in 2016.

No such crashing some resistance in just short time. It's premature. To established good resistance around $500 there musn't be an intentional pump, meaning all just normal market moves alone.

That kind of statement is present back when $500 price hits last year but what happen after that?

The Sceptical Chymist

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Quote from: co5hike on May 28, 2016, 02:18:31 PM

Quote from: thejaytiesto on May 28, 2016, 02:11:54 PM

Everything is looking great, we will crush the 500 resistance. I don't care if it takes one day, or 2 months, we will crush it, so if you are not holding bitcoin, you are on the losing team, which means you are a complete idiot. Trying to short Bitcoin now is a big mistake. Just buy and hold. Anything under 500 dollars is a god damn steal in 2016.

Yeah buying anything below $500 is the smart investment to make and price will surely go higher at halving and try to buy and hold as much as you can till then.

This is the only post here that makes any sort of sense. The rest of them are all technical analysis voodoo. Bitcoin doesn't have "fundamentals" like you think of with stocks. And I do believe those triangles are deceiving.

vero

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i don't think so the price looks hard to breaking $500 even china market has push it hard but at bitstamp the trader still hold to not want push the price higher without reason.

finkelsteinMonster

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You gentlemen clearly know nothing of Technical Analysis.

Quote from: finkelsteinMonster on May 28, 2016, 07:36:19 AM

Dang! a double top?! Shocked

http://s33.postimg.org/hvf1cd2of/Capture.jpg

Scientifical proof that bitcoin is doomed?

http://s33.postimg.org/v78p4xmmn/worstthing.jpg

co5hike

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Quote from: thejaytiesto on May 28, 2016, 02:11:54 PM

Everything is looking great, we will crush the 500 resistance. I don't care if it takes one day, or 2 months, we will crush it, so if you are not holding bitcoin, you are on the losing team, which means you are a complete idiot. Trying to short Bitcoin now is a big mistake. Just buy and hold. Anything under 500 dollars is a god damn steal in 2016.

Yeah buying anything below $500 is the smart investment to make and price will surely go higher at halving and try to buy and hold as much as you can till then.

thejaytiesto

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Everything is looking great, we will crush the 500 resistance. I don't care if it takes one day, or 2 months, we will crush it, so if you are not holding bitcoin, you are on the losing team, which means you are a complete idiot. Trying to short Bitcoin now is a big mistake. Just buy and hold. Anything under 500 dollars is a god damn steal in 2016.

Enjorlas

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What Spazda said. The ascending triangle is a continuation pattern. Lines up perfectly with the halving. Technicals and fundamentals are all good.

spazzdla

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Down or hold at?

That ascending triangle on the 12 hour chart..

http://www.investopedia.com/university/charts/charts5.asp

The ascending triangle lines up pretty well with the halving..

WiiD

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Price will rebound back DOWN at 500$, 500$ is unbreakable resistance back from November 2015.

Topic: Price will rebound at 500$ - page 2. (Read 1485 times)