similarity to last rise - page 2. | Bitcointalksearch.org

teramit

legendary

Activity: 1877

Merit: 1396

The Last Cryptocoin Burner

Quote from: Pursuer on July 24, 2018, 07:09:34 AM

Quote from: teramit on July 24, 2018, 06:58:38 AM

... we can expect it will end similar to it.

if by "end similar" you mean go to $9k+ then fall down to $5700 then no I disagree. it won't end similar. this time even if we end up seeing another drop the bottom of the drop should technically raise up a lot because each time a trend like this shapes up the boundaries will come higher, they won't be repeated.

besides we may not see another "big drop" this time anyways....

it may end far below the last bottom, this trends top maybe lower than previous so bottom maybe lower than previous, 4k-5k prices an come this time in 2 months.
If you look primary trend it is more obvious.

1Referee

legendary

Activity: 2170

Merit: 1427

I'm quite sure that the increase we started recently will last till next month, and probably stagnates just before the ETF decision.

If the SEC comes up with good news, we might see a mild pump, but don't expect any fireworks because the ETF market won't go live this year.

If the SEC comes up with bad news, we can be nearly sure that the price will tank back and people will instantly turn into ultra bears, because that's how this market works.

My plan is this;

Short Bitcoin one day before 'deadline'.

Positive news = liquidate my position directly with a small loss and go long.

Negative news = profit for me.

The risk in my case is just a few % at most, and for that reason perfectly doable. The profit potential is far greater.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: teramit on July 24, 2018, 06:58:38 AM

... we can expect it will end similar to it.

if by "end similar" you mean go to $9k+ then fall down to $5700 then no I disagree. it won't end similar. this time even if we end up seeing another drop the bottom of the drop should technically raise up a lot because each time a trend like this shapes up the boundaries will come higher, they won't be repeated.

besides we may not see another "big drop" this time anyways....

Harlot

hero member

Activity: 1806

Merit: 672

Agreed as long as we are on a down trend we don't expect this rally going on although the most probable thing to happen right now is this price rally will have a Lower High which would be lower than 9,900$ compared to the last attempt to break the 10,000$ level. My recommendation is or people who have built some based at the bottom is to patiently ride the price rally before considering in taking some profits and for people who are thinking of jumping and joining the train I don't think it is the right time as your best opportunity was before the rally even started.

teramit

legendary

Activity: 1877

Merit: 1396

The Last Cryptocoin Burner

As you can notice in the image recent rise is very similar to last intermediate rise that started on 14 april.
so we can expect it will end similar to it.

Topic: similarity to last rise - page 2. (Read 184 times)