Topic: Rally time! We hit bottom, time for trend reversal. (Read 4134 times)
This right shoulder is starting to look pretty saggy. Why no confirmation.
i blew it 
i should have got in
i should have got in
Don't worry, you've got plenty of time.
i blew it
i should have got in
i should have got in
The down trend will keep going, let's see
After 2011 bubble burst Bitcoin bounced 2.5 times from $2 within a month. If the history will repeat, we will see $150 BTC in August.
$2 would be the equivalent of starting from $18, not $75.
After 2011 bubble burst Bitcoin bounced 2.5 times from $2 within a month. If the history will repeat, we will see $150 BTC in August.
Who knows...we may hold the mid 70s price levels for 2 months...I'd say we've hit bottom if that happened
Did we just form a cup and handle right now?
LOL We won't see the bottom for some time, probably months from now.
Yeah, he (the "I short" guy) had months to make a profitable move, and picked the one point where it would have been no longer profitable. What a tool. 
Bull traps are guaranteed. Watch as sentiment reverses as the pigs buy in and get slaughtered. 
Quoting for posterity.
I'll either be laughing at Blitz or myself by Friday. Good luck!
My point is that at the end, the bulls declare victory and then it goes on to make new lows.
Furthermore, I don't short Bitcoin and I don't trade actively. There's not really anything to laugh at since I could care less about the wiggles in between.
So, what do you think now? Bear? Bull?
Not enough posts about Bitcoin being dead and over yet. So still a bit to go.
This is way too soon. We ain't seen no bottom yet. Wait a couple of months at least.
The price was dropping too fast. This short term bounce is expected market behavior.
The price was dropping too fast. This short term bounce is expected market behavior.
100% agreed.
But this is being Quite a profitable bounce.
This is way too soon. We ain't seen no bottom yet. Wait a couple of months at least.
The price was dropping too fast. This short term bounce is expected market behavior.
The price was dropping too fast. This short term bounce is expected market behavior.
Guyz, do you think we hit bottom and now it's time for a rally? Total trend reversal? Should I buy back in at $72 or I'll be regretting it later? 
2 Da Moon?
Courtesy marvinrouge:
(Just in case you forgot)
2 Da Moon? Courtesy marvinrouge:
(Just in case you forgot)
I like the "I short" dude
Looks more like typical short covering to take profits after a significant decline. I think there's a chance it goes into the 80s but better chance that the short/medium trend is still down.
it will probably go down then go back up 
Wow, we hit the real, true, botton for all time, only 48 hours after the latest low...very quick consolidation. Thanks for the info.
I will be suprised if this little spike we are experiencing is going to last.
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