Stable, stable, stable! - page 12. | Bitcointalksearch.org

uki

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Quote from: LMGTFY on April 10, 2016, 11:08:32 AM

Quote from: uki on April 10, 2016, 10:51:14 AM

Quote from: LMGTFY on April 10, 2016, 06:15:34 AM

Thanks! I see the repeating as being within an ever-diminishing range - $200-500 in October-November, $320-470 in December-January, $360-450 in February-March. I view this as (a) a sign that a breakout from this is imminent (good news for traders desperate for volatility), and (b) that support and resistance levels are sloping, not flat.

My TA view is a bit different: we are in a horizontal trend between $350 and 420 since mid-January. Since then we managed to have one false breakout that stalled at $450. Since there are no reasons to either move significantly up or down we stay in that channel. We are pegged to its upper band due to the halving perspective, yet that is not enough to resolve (break out).

Interesting, thanks!

With SegWit due this month I've been wondering whether it would coincide with my expected move. Do you think it could be the catalyst to a break out from your horizontal channel? (I'm not taking a position on whether SegWit is good or bad, mostly because I think the market's view will be much more interesting and relevant than mine, but I am getting increasingly bored by the lack of volatility).

I am not sure, if the SegWit will be the catalyst to provide the break out. It may be still too early, too far from halving event, I mean. Once we are close to the halving we will get the spark (maybe something completely unimportant, or no news at all, like last time in November) and it will get going pretty quick. Horizontal trends are boring and long, unfortunately. However the longer the wait, the bigger the potential move after break out.

richardsNY

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Quote from: bargainbin on April 10, 2016, 11:37:41 AM

Quote from: BitHodler on April 10, 2016, 11:08:42 AM

... The point is indeed who or what is trying to prevent the price from going up.

Just like Soylent Green, it's people.

Quote

They keep selling and selling which makes me wonder, when will these guys run out of coins that they are constantly selling. They have been controlling the price for quite a long time now.

No, "they" don't "keep selling and selling." They buy when the price is low & sell when the price is high. That way, they never run out of coin. It's called trading.

That's how whales earn high profits. We as traders can also benefit from this if we know what to do at a certain point. Whales make the big profits and we make ourself happy with the crumbs they leave for us.

bit1

legendary

Activity: 938

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The same than a volcano Stable, stable, stable! and suddenly bang!

bargainbin

full member

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Quote from: BitHodler on April 10, 2016, 11:08:42 AM

... The point is indeed who or what is trying to prevent the price from going up.

Just like Soylent Green, it's people.

Quote

They keep selling and selling which makes me wonder, when will these guys run out of coins that they are constantly selling. They have been controlling the price for quite a long time now.

No, "they" don't "keep selling and selling." They buy when the price is low & sell when the price is high. That way, they never run out of coin. It's called trading.

BitHodler

legendary

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Quote from: talkbitcoin on April 10, 2016, 08:16:54 AM

Quote from: randy8777 on April 10, 2016, 06:06:10 AM

Quote from: LMGTFY on April 10, 2016, 05:57:20 AM

Quote from: randy8777 on April 10, 2016, 05:50:00 AM

i think it's normal to think the price may go to below $400 levels as bitcoin has surprised many of us plenty of times already. i think this month we'll make an attempt to reach $450 as we're heading towards the block halving. but then again, i don't think we will be able to hold $450 for long as the price will get dumped down again.

Why $450? Has there been a lot of buying around $450? Apart from that possibility, I'm not seeing anything about $450 that suggests there'll be resistance - the only significance I can see is that the last peak reached $450 - but that was in the context of lower peaks, higher troughs.

I expect resistance around $500, however, due to the November high.

the market is currently in state of repeating. we have seen the price move in the direction of $450 before, and it didn't even make it to that price level. for some reason it won't go much above that price level, and yes, i agree that the charts don't show anything special at these levels, but i find it very weird though.

the reason is because of the sell walls that was placed in order to keep the price from going any more higher which i find a little strange but i have seen this happening.

No kidding Sherlock! The point is indeed who or what is trying to prevent the price from going up.

They keep selling and selling which makes me wonder, when will these guys run out of coins that they are constantly selling. They have been controlling the price for quite a long time now.

LMGTFY

hero member

Activity: 644

Merit: 503

Quote from: uki on April 10, 2016, 10:51:14 AM

Quote from: LMGTFY on April 10, 2016, 06:15:34 AM

Thanks! I see the repeating as being within an ever-diminishing range - $200-500 in October-November, $320-470 in December-January, $360-450 in February-March. I view this as (a) a sign that a breakout from this is imminent (good news for traders desperate for volatility), and (b) that support and resistance levels are sloping, not flat.

My TA view is a bit different: we are in a horizontal trend between $350 and 420 since mid-January. Since then we managed to have one false breakout that stalled at $450. Since there are no reasons to either move significantly up or down we stay in that channel. We are pegged to its upper band due to the halving perspective, yet that is not enough to resolve (break out).

Interesting, thanks!

With SegWit due this month I've been wondering whether it would coincide with my expected move. Do you think it could be the catalyst to a break out from your horizontal channel? (I'm not taking a position on whether SegWit is good or bad, mostly because I think the market's view will be much more interesting and relevant than mine, but I am getting increasingly bored by the lack of volatility).

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: LMGTFY on April 10, 2016, 06:15:34 AM

Thanks! I see the repeating as being within an ever-diminishing range - $200-500 in October-November, $320-470 in December-January, $360-450 in February-March. I view this as (a) a sign that a breakout from this is imminent (good news for traders desperate for volatility), and (b) that support and resistance levels are sloping, not flat.

My TA view is a bit different: we are in a horizontal trend between $350 and 420 since mid-January. Since then we managed to have one false breakout that stalled at $450. Since there are no reasons to either move significantly up or down we stay in that channel. We are pegged to its upper band due to the halving perspective, yet that is not enough to resolve (break out).

BTCLovingDude

legendary

Activity: 1134

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BTC to the moon is inevitable...

this stability of price has been good for me lately because i was so afraid i am going to miss out and won't be able to buy more cheap, because i recently came across some more money that i wanted to invest in bitcoin and i was hoping to do it at this price and not any higher.

Mr.grin

legendary

Activity: 1218

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Quote from: ?? on ??

I think after the next halving most likely the Bitcoin's price will be more stable than nowadays

I think so too, it is only a matter of time until halving happen and make bitcoin prices again become unstable and rose to a high enough price, I really want to see the price increase Grin

Hellacopter

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I think the Bitcoin's price isn't stable right now it's increasing slowly and will continue this way, in my opinion, till the next halving at least. We need some other time to see if the price will get stable or not.

talkbitcoin

legendary

Activity: 1372

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All I know is that I know nothing.

Quote from: randy8777 on April 10, 2016, 06:06:10 AM

Quote from: LMGTFY on April 10, 2016, 05:57:20 AM

Quote from: randy8777 on April 10, 2016, 05:50:00 AM

i think it's normal to think the price may go to below $400 levels as bitcoin has surprised many of us plenty of times already. i think this month we'll make an attempt to reach $450 as we're heading towards the block halving. but then again, i don't think we will be able to hold $450 for long as the price will get dumped down again.

Why $450? Has there been a lot of buying around $450? Apart from that possibility, I'm not seeing anything about $450 that suggests there'll be resistance - the only significance I can see is that the last peak reached $450 - but that was in the context of lower peaks, higher troughs.

I expect resistance around $500, however, due to the November high.

the market is currently in state of repeating. we have seen the price move in the direction of $450 before, and it didn't even make it to that price level. for some reason it won't go much above that price level, and yes, i agree that the charts don't show anything special at these levels, but i find it very weird though.

the reason is because of the sell walls that was placed in order to keep the price from going any more higher which i find a little strange but i have seen this happening.

LMGTFY

hero member

Activity: 644

Merit: 503

Quote from: randy8777 on April 10, 2016, 06:06:10 AM

Quote from: LMGTFY on April 10, 2016, 05:57:20 AM

Why $450? Has there been a lot of buying around $450? Apart from that possibility, I'm not seeing anything about $450 that suggests there'll be resistance - the only significance I can see is that the last peak reached $450 - but that was in the context of lower peaks, higher troughs.

I expect resistance around $500, however, due to the November high.

the market is currently in state of repeating. we have seen the price move in the direction of $450 before, and it didn't even make it to that price level. for some reason it won't go much above that price level, and yes, i agree that the charts don't show anything special at these levels, but i find it very weird though.

Thanks! I see the repeating as being within an ever-diminishing range - $200-500 in October-November, $320-470 in December-January, $360-450 in February-March. I view this as (a) a sign that a breakout from this is imminent (good news for traders desperate for volatility), and (b) that support and resistance levels are sloping, not flat.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: MedaR on April 10, 2016, 04:31:07 AM

Quote from: Hashminers on April 09, 2016, 01:02:42 PM

In the end it is about distribution. The better it is distributed the harder it will be to manipulate the price and thus we will get/reach stability.
Although it is a long while i am sure it will happen someday.

And this is correct answer!
It is all about distribution, stability of price cannot be achieved without beter distribution. But we will always have whales who will control price. Every dump is redistribution, and for this process we will need many years. Solution is new users and adoption.

That is right. But that also means we are quite far from stability at the moment. We are in the mid-term horizontal trend, not to be confused with stability.

randy8777

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Activity: 896

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Quote from: LMGTFY on April 10, 2016, 05:57:20 AM

Quote from: randy8777 on April 10, 2016, 05:50:00 AM

i think it's normal to think the price may go to below $400 levels as bitcoin has surprised many of us plenty of times already. i think this month we'll make an attempt to reach $450 as we're heading towards the block halving. but then again, i don't think we will be able to hold $450 for long as the price will get dumped down again.

Why $450? Has there been a lot of buying around $450? Apart from that possibility, I'm not seeing anything about $450 that suggests there'll be resistance - the only significance I can see is that the last peak reached $450 - but that was in the context of lower peaks, higher troughs.

I expect resistance around $500, however, due to the November high.

the market is currently in state of repeating. we have seen the price move in the direction of $450 before, and it didn't even make it to that price level. for some reason it won't go much above that price level, and yes, i agree that the charts don't show anything special at these levels, but i find it very weird though.

LMGTFY

hero member

Activity: 644

Merit: 503

Quote from: randy8777 on April 10, 2016, 05:50:00 AM

i think it's normal to think the price may go to below $400 levels as bitcoin has surprised many of us plenty of times already. i think this month we'll make an attempt to reach $450 as we're heading towards the block halving. but then again, i don't think we will be able to hold $450 for long as the price will get dumped down again.

Why $450? Has there been a lot of buying around $450? Apart from that possibility, I'm not seeing anything about $450 that suggests there'll be resistance - the only significance I can see is that the last peak reached $450 - but that was in the context of lower peaks, higher troughs.

I expect resistance around $500, however, due to the November high.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: BitHodler on April 10, 2016, 03:53:38 AM

Quote from: eddyubachs on April 09, 2016, 05:18:36 PM

Quote from: jt byte on April 09, 2016, 05:01:36 PM

Quote from: techgeek on April 09, 2016, 04:11:51 PM

Quote from: makingwin1 on April 09, 2016, 01:48:48 PM

Quote from: goxed on May 31, 2015, 09:12:55 PM

The price of BTC is going to continue its stable multi-week run.

stable? not even close, price is rising now, and if price rises then it can't be stable, and to be honest i don't think that it will be stable anytime soon, price of bitcoin will just rise next months too because of halving, and i hope that it won't fall down anytime soon

In my view its been stable.

It may not feel like it, but if you look at the bullish prices its never gone back down to the $200 zone for awhile now.

And it`ll only go up, to me thats stable and thats the course of 1 year.

I tend to believe the price is stabilizing too although i am not sure for how long. It may well go back to 300 dollars again.
But then it is also likely that the price will go to 400 dollars. Only the future can/will tell.

Yes price is stuck at a moment but I feel that maximum bottom will be 400 nothing below then that, as we might see price rise in next couple of months due to halving.

I also think it will not go below $400 again any time soon, but something inside me still tells me we will see sub $400 prices before the block halving. Very weird.

i think it's normal to think the price may go to below $400 levels as bitcoin has surprised many of us plenty of times already. i think this month we'll make an attempt to reach $450 as we're heading towards the block halving. but then again, i don't think we will be able to hold $450 for long as the price will get dumped down again.

MedaR

legendary

Activity: 2380

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Quote from: Hashminers on April 09, 2016, 01:02:42 PM

In the end it is about distribution. The better it is distributed the harder it will be to manipulate the price and thus we will get/reach stability.
Although it is a long while i am sure it will happen someday.

And this is correct answer!
It is all about distribution, stability of price cannot be achieved without beter distribution. But we will always have whales who will control price. Every dump is redistribution, and for this process we will need many years. Solution is new users and adoption.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: eddyubachs on April 09, 2016, 05:18:36 PM

Quote from: jt byte on April 09, 2016, 05:01:36 PM

Quote from: techgeek on April 09, 2016, 04:11:51 PM

Quote from: makingwin1 on April 09, 2016, 01:48:48 PM

Quote from: goxed on May 31, 2015, 09:12:55 PM

The price of BTC is going to continue its stable multi-week run.

stable? not even close, price is rising now, and if price rises then it can't be stable, and to be honest i don't think that it will be stable anytime soon, price of bitcoin will just rise next months too because of halving, and i hope that it won't fall down anytime soon

In my view its been stable.

It may not feel like it, but if you look at the bullish prices its never gone back down to the $200 zone for awhile now.

And it`ll only go up, to me thats stable and thats the course of 1 year.

I tend to believe the price is stabilizing too although i am not sure for how long. It may well go back to 300 dollars again.
But then it is also likely that the price will go to 400 dollars. Only the future can/will tell.

Yes price is stuck at a moment but I feel that maximum bottom will be 400 nothing below then that, as we might see price rise in next couple of months due to halving.

I also think it will not go below $400 again any time soon, but something inside me still tells me we will see sub $400 prices before the block halving. Very weird.

gentlemand

legendary

Activity: 2590

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Welt Am Draht

Is it stability or just indifference? There's been talk of breaking out for bleedin' ages. I find it a bit disturbing that it's so staid. Something still so small should be producing plenty of action. I guess it's all gone to alts.

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: ronald98 on May 31, 2015, 09:15:09 PM

This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

Quite contrary, being stable is a value that may attract many. But we are nowhere yet to talk about Bitcoin value as stable.
We are currently simply in no man's land with no reasons to either move up or down, but such a move will happen as the halving gets closer.

Topic: Stable, stable, stable! - page 12. (Read 14343 times)