This is not "it" | Bitcointalksearch.org

okthen

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Quote from: HarmonLi on March 11, 2015, 09:35:22 AM

I mean we're still at $295... We've only retraced a measly $10 from $305 or so... This is what I call a healthy rise. It's almost too textbook-y Cheesy

Bullish!

It's looking much healthier now, I admit! Was expecting a dump not too much after than when I started this thread.
Let's see if we can break $308 (Stamp), that would make me even more confident

uki

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Quote from: HarmonLi on March 11, 2015, 09:35:22 AM

I mean we're still at $295... We've only retraced a measly $10 from $305 or so... This is what I call a healthy rise. It's almost too textbook-y Cheesy

Bullish!

Definitely. I also like how this rise develops. Steady and stable. That is what we need for now. No need to cross $600 to claim the trend reversal. $360 is enough to break the last downtrend line. But slowly and without over-excitement , we do not need to rush there.

HarmonLi

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Honest 80s business!

I mean we're still at $295... We've only retraced a measly $10 from $305 or so... This is what I call a healthy rise. It's almost too textbook-y Cheesy

Bullish!

Kipsy89

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Relax!

Quote from: Q7 on March 11, 2015, 08:09:15 AM

I think the trend right now is a slow and steady rise which is exactly what projects a healthy state of growth rather than a quick price swing and then going down back again. If it maintains what it is doing right now there's probably nothing to worry about. Sometimes even charts and with whatever analysis tools can be wrong

The default direction seems to be up, which is the textbook definition of a bull market I guess. Let's hope that we surpass the final down-trendlines and continue this exciting adventure!

Q7

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I think the trend right now is a slow and steady rise which is exactly what projects a healthy state of growth rather than a quick price swing and then going down back again. If it maintains what it is doing right now there's probably nothing to worry about. Sometimes even charts and with whatever analysis tools can be wrong

Kipsy89

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Relax!

Quote from: okthen on March 11, 2015, 07:20:23 AM

Quote from: Kipsy89 on March 11, 2015, 07:03:54 AM

This could very well be the trend reversal, but we'll only know if it was the real one when we break through the long-time resistance at about $350. That's when the bull market is confirmed!

Getting closer!
Though I'll trust more the trend reversal when we break 600, the high we reached during the mini 2014 bubble.

Yeah, could also be a psychological mark, but I think it's more important to go by trendlines drawn on a linear long-time scale. That being said, the magic spot is at about $350 at the moment (going down)

okthen

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Quote from: Kipsy89 on March 11, 2015, 07:03:54 AM

This could very well be the trend reversal, but we'll only know if it was the real one when we break through the long-time resistance at about $350. That's when the bull market is confirmed!

Getting closer!
Though I'll trust more the trend reversal when we break 600, the high we reached during the mini 2014 bubble.

Kipsy89

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Relax!

This could very well be the trend reversal, but we'll only know if it was the real one when we break through the long-time resistance at about $350. That's when the bull market is confirmed!

tss

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Quote from: thejaytiesto on March 09, 2015, 03:54:53 PM

Quote from: okthen on March 09, 2015, 03:34:20 PM

So I've been seeing quite a lot of positive threads, and the feeling in general is quite bullish.
While I also had the same sentiment, I was recently looking at the charts (Bitstamp, 1 week) and noticed this:

[please excuse my 2 year old paint skills]
[when I say "looking at the charts" I mean it literally, no TA skills whatsoever...]

It seems we're going quite slowly. The last bull markets started quite fast, while these last weeks look more like what anticipated the final "crash" before the real bull run.
So basically, I think we'll still see another crash before the next bubble starts.

But you should learn some TA if you wanna comment on the charts. Even TA analysts are wrong all the time, so without basic notions it's hard trying to predict an always impossible to predict market.

haha. thats perfect. best example ever

zimmah

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Quote from: thezerg on March 09, 2015, 03:41:24 PM

Not sure any bull thinks that this is the hyperbolic phase... ppl see the 160 low as the capitulation and now we could have up to a year of slowly rising (on average) prices.

you must have bought that account, or forgot how bitcoin behaves.

slow rising has never happened in this history of ever

uki

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Quote from: okthen on March 10, 2015, 03:04:45 PM

Quote from: HarmonLi on March 10, 2015, 10:20:29 AM

When we're talking about 'it', we're talking merely about a trend-reversal. And this looks better than anything since November 2013's bubble (except for the May-run, which indeed looked promising). But this is the best thing we've got so far, and we'll only go parabolic when we've reached ~USD, I believe... What's your mark, people?

With it I really meant the start of a vertical rally. I agree that we have had a trend reversal.

For now, we have to forget about any vertical rally, as there is simply not enough fuel. We will get fuel when there will be some fundamental developments, and I expect these to happen closer to the halving date. As I already stated in my previous post, Eastern 2016 sounds around fine.

okthen

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Quote from: HarmonLi on March 10, 2015, 10:20:29 AM

When we're talking about 'it', we're talking merely about a trend-reversal. And this looks better than anything since November 2013's bubble (except for the May-run, which indeed looked promising). But this is the best thing we've got so far, and we'll only go parabolic when we've reached ~USD, I believe... What's your mark, people?

With it I really meant the start of a vertical rally. I agree that we have had a trend reversal.

HarmonLi

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Honest 80s business!

When we're talking about 'it', we're talking merely about a trend-reversal. And this looks better than anything since November 2013's bubble (except for the May-run, which indeed looked promising). But this is the best thing we've got so far, and we'll only go parabolic when we've reached ~USD, I believe... What's your mark, people?

Brewins

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Quote from: pooya87 on March 10, 2015, 05:23:00 AM

i think it is not going to burst to the moon like before this time. we will see a gradual rising in bitcoin price.

I agree.

More like 2012 than 2013

Mervyn_Pumpkinhead

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Real resistance begins at about 400$. That is the point where some of the miners, who have accumulated for more then a year, will start to see ROI.
Currently BTC is having a hard time to overcome 300$, where resistance is actually quite weak.
Needless to say that the future doesn't seem very bright for BTC.

spazzdla

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sooner or later all trend lines will get shattered.

pooya87

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i think it is not going to burst to the moon like before this time. we will see a gradual rising in bitcoin price.

uki

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Quote from: inca on March 10, 2015, 03:53:41 AM

Of course 360 implies something. It implies all downtrend lines are broken. 65 dollars from the price currently. We likely will not get there directly, but assuming the price will inexplicably trend into double digits is dreaming.

The future is unknown but I would guess we range trade until the (rapidly lowering) trend line is definitively broken, with mini rallies after ETF and halving approaches.

That is also my viewpoint. Horizontal trend till Eastern 2016. Then we are close to the next halving (July 2016) and we will also hear more fundamental news to fuel the growth (pump), like Gemini, maybe something more to that.

inca

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Quote from: Wandererfromthenorth on March 09, 2015, 09:11:12 PM

^Good chart. Agreed.
Looking at the bid sum on all exchanges only confirms such an analysis.
If demand doesn't pick up, forget about bulls' wet dreams.

$330-$360 is a real possibility considering how this pump is playing out. Doesn't imply anything in the longer picture tho.

China pumping the hell out of it and everyone else follows (regardless of the insignificant embarassing low amounts of money on exchanges) exactly like they did with the $450 abomination bulltrap. Pump it until it reaches an obvious long term trend line, dump all. Rinse and repeat.

Quote from: Wandererfromthenorth on March 02, 2015, 12:20:07 PM

The trend line I use starts from the ATH, so it touches the $450 pump:

Sitting at $330 now, $310 in a month.

But yes I guess yours is valid too.

Of course 360 implies something. It implies all downtrend lines are broken. 65 dollars from the price currently. We likely will not get there directly, but assuming the price will inexplicably trend into double digits is dreaming.

The future is unknown but I would guess we range trade until the (rapidly lowering) trend line is definitively broken, with mini rallies after ETF and halving approaches.

saddampbuh

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slow and steady does it

Topic: This is not "it" (Read 3612 times)