Now! We're going to the Moon 
Where is Moon emoticon?
Where is Moon emoticon?
Topic: When will uptrend start? - page 2. (Read 3803 times)
Now! We're going to the Moon
Where is Moon emoticon?
Where is Moon emoticon?
its difficult to say when another 'uptrend' will start because we recently broke out of the bull run that we have been having in the past 2 years according to lots of indicators on the weekly chart. there's no line to follow where we will find the next leg because we are out of legs. a very strong and persistent base needs to be found somewhere to dig the roots for the next multiyear uptrend. i see a lot of sideways and jigsawing action in the future. 250-300 is probably a pretty strong area.
So, do we cleanly break below the 365-day EMA for the first time since the third quarter of 2011?
http://www.bitcoincharts.com/charts/bitstampUSD#tgCza1gEMAzm1g365zm2g25zl
please not start yet
i wait until 15th to get cash for buying more BTC
i wait until 15th to get cash for buying more BTC
Now! Already + $15
I had a vision when I was drunk in March. It looked something roughly like this. Down to $270 I believe.
Not in 2014
Too much bad karma and negative news flow to get on top of
New momentum hopefully in 2015
Too much bad karma and negative news flow to get on top of
New momentum hopefully in 2015
It could start any day you know
You can't predict this trend reversal by drawing lines in graphs. Support points aren't static in an highly dynamic market. And anyway, most of the "support points" here don't even qualify as real support points. Dropping hasn't stopped there because of strong buying resistance, but because the biggest sellers have just stopped selling to wait the price to rise, so they can sell with better profits.
There has to be an event that will give a strong boost to demand. With the loss of gox customer funds, bitcoin lost the trust of the general public. This means that no new buyers entering the market system.
Currently, there is a lot of supply piling up, because miners are holding and waiting for better times to sell. If the demand boost event won't happen soon, then they will start to sell their coins to cut their losses and move on, one miner at a time.
I think that the main mistake that bitcoin speculators make, is that they can't see the difference between 2011 and 2014. They think that the same mechanisms and rules apply now, that applied then.
There has to be an event that will give a strong boost to demand. With the loss of gox customer funds, bitcoin lost the trust of the general public. This means that no new buyers entering the market system.
Currently, there is a lot of supply piling up, because miners are holding and waiting for better times to sell. If the demand boost event won't happen soon, then they will start to sell their coins to cut their losses and move on, one miner at a time.
I think that the main mistake that bitcoin speculators make, is that they can't see the difference between 2011 and 2014. They think that the same mechanisms and rules apply now, that applied then.
When we get a nice soundtrack that makes people feel bullish to buy more Bitcoins 
Right. Ducktales - Moon Theme has been exhausted I guess legendary
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When we get a nice soundtrack that makes people feel bullish to buy more Bitcoins
BTC is more and more in the mainstream. Price can only go up.
The uptrend cant be predicted with technical analysis.. as it is trigged with news.. like one country adopting it or china unbanning
thats actually not true. The buying pressure was there long before the news was there in the previous bubbles.
The chart shows that the next 4th red candle might be a long one
Right! Sell !!! The uptrend cant be predicted with technical analysis.. as it is trigged with news
But why the news were happening every 8 months? BTC is more and more in the mainstream. Price can only go up.
The chart shows that the next 4th red candle might be a long one
Soon at least getting to that stage in the cycle where I see hope from despair sentiment moving around
The uptrend cant be predicted with technical analysis.. as it is trigged with news.. like one country adopting it or china unbanning
its difficult to say when another 'uptrend' will start because we recently broke out of the bull run that we have been having in the past 2 years according to lots of indicators on the weekly chart. there's no line to follow where we will find the next leg because we are out of legs. a very strong and persistent base needs to be found somewhere to dig the roots for the next multiyear uptrend. i see a lot of sideways and jigsawing action in the future. 250-300 is probably a pretty strong area.
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