a fuller argument was presented here yesterday.
Arepo:Quote
calling the short-term bottom here -- we will likely not see prices below $859/$765 (gox/stamp) for the next 3 - 5 days*.
I agree 
Topic: UP OR DOWN? That is the question? (Read 2136 times)
https://i.imgur.com/rUiwfxA.png
we're consolidating again, we're not going to break out of the bounds of the triangle for another (approx.) 12 hours...
also, just a heads up, after that we'll be breaking upwards
--arepo
What makes you say this Arepo?
a fuller argument was presented here yesterday.
https://i.imgur.com/rUiwfxA.png
we're consolidating again, we're not going to break out of the bounds of the triangle for another (approx.) 12 hours...
also, just a heads up, after that we'll be breaking upwards
--arepo
What makes you say this Arepo?
https://i.imgur.com/rUiwfxA.png
we're consolidating again, we're not going to break out of the bounds of the triangle for another (approx.) 12 hours...
also, just a heads up, after that we'll be breaking upwards
--arepo
We should all make a deal - no posts exclaiming "look it's rising!" or "holy crap it's going down!" unless the price moves at least $100 in a couple hours. Otherwise all we have is wasted key strokes and cyberjunk.
bouncing up and down
Now its coming back down
it is going up again
Chinese bad news = manipulation. Let them sabotage their own economy, fine by me. I just don't believe they want to be left out of a billion dollar market.
Sure looks to me like a wave three with the correction underway.
Means we will take out the dec 17 low to complete wave four, and then fifth wave to new highs
Check out the volume on btc china.
Consensus here seems to be they are working around the ban but the exchange activity would suggest otherwise they had a couple sub-1000 total vol days. That is grim.
My guess is one more round of bad news from somewhere to take us down and then load the boat.
We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
I prefer the all-time log chart. It is my pillar of strength during times of uncertainty.
Probably, although it's hard to say objectively because I didn't learn about Bitcoin until about a year ago. .
Unless I'd thought that Bitcoin was failing, the crash from the Jun 2011 would have seemed no further off the mean than its peak was and would indicate an eventual return, as exponential growth is inherent with Bitcoin until adoption tapers off.
the problem being, that no one knew that the bolded was true. that was only demonstrated to be true in the years following.
We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
I prefer the all-time log chart. It is my pillar of strength during times of uncertainty.Probably, although it's hard to say objectively because I didn't learn about Bitcoin until about a year ago. .
Unless I'd thought that Bitcoin was failing, the crash from the Jun 2011 would have seemed no further off the mean than its peak was and would indicate an eventual return, as exponential growth is inherent with Bitcoin until adoption tapers off.
Day traders feel like price is declining but sctuslly price is in inclined. 2013 was good year overall and 2014 will be better so no worries,
Down.
You do not worship the Bull without paying me your dues.
You do not worship the Bull without paying me your dues.
We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
Looking at the day chart, I would say we are going down still. Its still closing below the last two previous highs. It will have to pass 1200 for there to be a confirmed uptrend. Look at the old bubble and you will see it always bounces back up slightly lower than the extreme high before going on a steady downward slope, eventually bottoming out, and then skyrocketing to mars. It could be months/ year before the latter happens.
Btc is so volatile that looking at day charts is a waste of time unless, as I said before, you're looking to profit from volatility. The price is rising whether you look at it monthly or yearly. 2 months ago, before the bubble, the price was $200, If it gets close to that I will agree BTC lost 2 months of steady gain. I'm quite sure it won't go below 300 which means BTC gained at least $100 in 2 months.
you guys about to get dumped on by the chinese final warning to get out of btc
Even if they dump all (which is unlikely) we won't go back more than 2 months in price. Don't miss the opportunity.
The only thing you can count on with btc price is up AND down. You gotta have a lot of money or balls of steel to have bought at last weekend price. It's heading down steadily again, and it could go easily below $500 in next few days so watch close. I'm still looking for $300-$400 buy in then hodl, I have full confidence it's only a matter of time.
you guys about to get dumped on by the chinese final warning to get out of btc
Panic selling from latest chinese "news" that mining hardware was banned from the chinese ebay.
We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
Looking at the day chart, I would say we are going down still. Its still closing below the last two previous highs. It will have to pass 1200 for there to be a confirmed uptrend. Look at the old bubble and you will see it always bounces back up slightly lower than the extreme high before going on a steady downward slope, eventually bottoming out, and then skyrocketing to mars. It could be months/ year before the latter happens.
We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
I prefer the all-time log chart. It is my pillar of strength during times of uncertainty. Jump to: