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Topic: Upside breakout above ~$800 in Medium-Term... (Read 1298 times)

legendary
Activity: 2100
Merit: 1000
December 30, 2016, 05:38:25 AM
#22
and indeed, we predicted the breakout above 800$


Do we get the next prediction?

Only if you pay up Tongue

And you will get answer. UP, DOWN or SIDEWAY. Trade on your own risk. :-)

You will actually get very specific Pro Trades:

"Current BBA ProTrades:

1.)  **Bitcoin ProTrade - Very Short Term [UPDATED on 12/22/2016]**:  We will consider a LONG position on a pullback to the xxx - xxx $ area with a stop at xxx $ and a target of xxx $

2a.)  **Bitcoin ProTrade - Short Term [UPDATED on 12/22/2016]**: We will consider a LONG position on a pullback to the xxx - xxx $ area with a stop at xxx $ and a target of xxx $.

2b.)  **[UPDATED on 12/22/2016]**:  We will consider a LONG position on a correction down to the xxx - xxx $ area with a stop at xxx $ and a target of xxx $.

3.)  **Bitcoin ProTrade - Medium Term [ACTIVE; UPDATED on 12/5/2016]**: We will stay LONG off of the 480 $ level with a stop at xxx $ and an initial target of xxx $.  We will add in the xxx - xxx $ area if given the opportunity.

4.)  **Bitcoin ProTrade - Long Term [ACTIVE; UPDATED on 12/5/2016]**: We will stay LONG off of  the 225 - 250 $ area with a stop around xxx $ and a target of xxx $.  We will add in the xxx - xxx $ area."
legendary
Activity: 1414
Merit: 1000
and indeed, we predicted the breakout above 800$


Do we get the next prediction?

Only if you pay up Tongue

And you will get answer. UP, DOWN or SIDEWAY. Trade on your own risk. :-)
legendary
Activity: 1904
Merit: 1002
and indeed, we predicted the breakout above 800$


Do we get the next prediction?

Only if you pay up Tongue
legendary
Activity: 1358
Merit: 1016
and indeed, we predicted the breakout above 800$


Do we get the next prediction?
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
Well done, incredible analysis. I have no idea what any of it means  Grin

What does this breakout above $800 mean for 2017?
legendary
Activity: 2100
Merit: 1000
and indeed, we predicted the breakout above 800$
legendary
Activity: 2101
Merit: 1061
i doubt we'll even get to see the price touch the $700 levels again this year. there is nothing that traders can look forward to. and since this is a speculation driven market, certain happening are very important. they can make people buy, or decide to wait longer. and in this case, i am quite sure that people will continue the waiting game.

I agree, that is why in my past posts I believe it would be better for Bitcoin to go down to the lower $500s so that there will be new speculators will be encouraged to start buying again instead of waiting. New speculators in the economy means there is new money coming in. This price today is a sellers market and most traders are not willing to buy at these prices.

On the other hand if price starts rising new speculators will kick themselves not buying now and then rush in late.
hero member
Activity: 686
Merit: 500
Medium term?
We will see a huge crash in January 2017. I'm talking 250 in January.

250 is highly unlikely unless some very bad news hits. Chinese miners are probably barely making a profit at $600, at 250 it would be a complete disaster and probably spell the end of Bitcoin. It is too soon for that.

I don't think price will go down below than $590 as they are talking about January than it would go up to $700 and will be more stable like now it's around $600, that is why I am pretty sure that is not going to happen in near future.
legendary
Activity: 2898
Merit: 1823
i doubt we'll even get to see the price touch the $700 levels again this year. there is nothing that traders can look forward to. and since this is a speculation driven market, certain happening are very important. they can make people buy, or decide to wait longer. and in this case, i am quite sure that people will continue the waiting game.

I agree, that is why in my past posts I believe it would be better for Bitcoin to go down to the lower $500s so that there will be new speculators will be encouraged to start buying again instead of waiting. New speculators in the economy means there is new money coming in. This price today is a sellers market and most traders are not willing to buy at these prices.
sr. member
Activity: 268
Merit: 250
Medium term?
We will see a huge crash in January 2017. I'm talking 250 in January.

250 is highly unlikely unless some very bad news hits. Chinese miners are probably barely making a profit at $600, at 250 it would be a complete disaster and probably spell the end of Bitcoin. It is too soon for that.
legendary
Activity: 1036
Merit: 1000
Medium term?

800 is tops for the year 2016, will happen in November/December, probably December. We will see a huge crash in January 2017. I'm talking 250 in January.
legendary
Activity: 2101
Merit: 1061
I view upside breakout as more likely too. This fork has held for a while yet lets see how long bitcoin price stays within it

legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
September 29, 2016, 03:19:28 PM
#10
Great analysis S3052, thanks for that. Above $800 in the medium term would be fantastic, I hope you're right there.
After a period of stability though anything over $700 would make me happy.
legendary
Activity: 896
Merit: 1000
September 29, 2016, 10:09:50 AM
#9
i doubt we'll even get to see the price touch the $700 levels again this year. there is nothing that traders can look forward to. and since this is a speculation driven market, certain happening are very important. they can make people buy, or decide to wait longer. and in this case, i am quite sure that people will continue the waiting game.
legendary
Activity: 3122
Merit: 1140
September 29, 2016, 10:03:51 AM
#8
It is for sure that it is going to blow up in a direction upside or downside. Graphs say it will be downside but my heart says it will be up. Hard to decide but i will listen to my heart and keep my coins. I never believed in technical analysis anyway...
I think better decision is to hold all bitcoin you have, price is testing $600 for several weeks now so upside move can be predicted. However to reach $800 it may require few more months.

This thing i was expecting too that bitcoins price would probably rise  up  atlease $800 on year end  of 2016  thats  why  im saving  up  as much as i can   on my bitcoin  because it would somehow give me decent profits when that  particular price is  been reached by bitcoin.
hero member
Activity: 644
Merit: 500
September 28, 2016, 10:36:59 PM
#7
i think in end year or early month next year
bitcoin price can up until reach every one bitcoin price to 800 dollar
legendary
Activity: 994
Merit: 1000
September 28, 2016, 10:11:07 PM
#6
It is for sure that it is going to blow up in a direction upside or downside. Graphs say it will be downside but my heart says it will be up. Hard to decide but i will listen to my heart and keep my coins. I never believed in technical analysis anyway...
I think better decision is to hold all bitcoin you have, price is testing $600 for several weeks now so upside move can be predicted. However to reach $800 it may require few more months.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
September 28, 2016, 02:48:57 AM
#5
It is for sure that it is going to blow up in a direction upside or downside. Graphs say it will be downside but my heart says it will be up. Hard to decide but i will listen to my heart and keep my coins. I never believed in technical analysis anyway...


That's one attitude that you gotta have I'd say that. Well at least you should keep those analyses at the back of your mind, not entirely dismiss them.

@ontopic, IMO the market's not gonna have a big move for awhile, not unless another news would shake it.
legendary
Activity: 2898
Merit: 1823
September 28, 2016, 02:35:52 AM
#4
OP thanks for the in-depth analysis. To be honest the title plus this statement by you is confusing me "As long as we stay in this area there won't be all that much to do on the trading front, although as this range tightens the likelihood of a breakout in either direction inevitably increases."

What is the likelihood of Bitcoin going to $800 in the medium term if you use the price movement during the recent 2 months as basis? I do agree that there will not be that much trading if everything stays the same because for me the price has to go down first so that more accumulation can happen. At the present price and movement we see neither accumulation or selling and one has to give way to prop up trading again.

No offense but thinking about Bitcoin going to $800 for the medium term is too optimistic if we use the recent data as basis.

legendary
Activity: 3276
Merit: 2442
September 28, 2016, 01:35:22 AM
#3
It is for sure that it is going to blow up in a direction upside or downside. Graphs say it will be downside but my heart says it will be up. Hard to decide but i will listen to my heart and keep my coins. I never believed in technical analysis anyway...
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