Holding at $640-$680
Let's see if we can crack the $700!
Topic: Why does bitcoin increase by 64% since April ? (Read 1466 times)
0% in 2 months can happen also
Yes, but most of the noobs were here for that, so they know that already.
0% in 2 months can happen also
I love the work you do on translating Chinese news articles, thank you.
The price seems manipulated by a big whale, in these days it went up under the pressure of a single buy wall.
When the wall disappeared the value was steady/dropping a bit, btw I'm no and expert trader as you can see.
When the wall disappeared the value was steady/dropping a bit, btw I'm no and expert trader as you can see.
But the buy wall may be Coinbase and represent hundreds of people, so it's not always obvious what's happening.
If history is our guide, we could see a new ATH in less than 2 months.
64% in almost 2 months is SLOW in bitcoin. Just wait. 100% in 3 days can happen.
The price seems manipulated by a big whale, in these days it went up under the pressure of a single buy wall.
When the wall disappeared the value was steady/dropping a bit, btw I'm no and expert trader as you can see.
When the wall disappeared the value was steady/dropping a bit, btw I'm no and expert trader as you can see.
Usually there is a few months of whale trading investing in the inevitable rally and creating a gradual uptrend, until confidence from the average Joe finally returns and there is a massive leap in userbase after a critical level is passed (such as $1000). Then the rally accelerates into double-exponential.
do you think we are on the path to that critical level now? i think there is a lot of levels overhead where people will be selling. i bought most of mine in the 700s and i gotta say, i will be tempted to sell some just to lower my exposure.
but you think we have reversed from the bear market, correct? or do you think we might see prices down in the $400s again? or (gulp) possibly even lower? i sure hope not.
1. We have reversed out of the bear market and are on course for long recovery back up as we consolidate around each previous resistance level until eventually we break $850 which leads into the next ATH. This process spans 2 months at the very least. Probably 3 or 4.
2. We have reversed out of the bear market but are not on course for ATH any time soon. This is a "recovery bull run" or a mini-bubble which doesn't set ATH. It will peak out somewhere within the existing trading range somewhere between 700 and 900, and then flash crash down to 500 or so. After the flashcrash there will be a brand new '6 month cycle' of a mild bear market and then a ramp up into a rally that finally breaks ATH.
3. This is not a real rally at all - it is a bull trap. It is a B wave of an ABC corrective sequence in an elliot wave. After B wave terminates, there will be a brand new downtrend formed which will last another few months just like the last downtrend. C wave will terminate somewhere between 265 and 400 with a massive volume signaling the end of the real final capitulation.
Usually there is a few months of whale trading investing in the inevitable rally and creating a gradual uptrend, until confidence from the average Joe finally returns and there is a massive leap in userbase after a critical level is passed (such as $1000). Then the rally accelerates into double-exponential.
do you think we are on the path to that critical level now? i think there is a lot of levels overhead where people will be selling. i bought most of mine in the 700s and i gotta say, i will be tempted to sell some just to lower my exposure.
but you think we have reversed from the bear market, correct? or do you think we might see prices down in the $400s again? or (gulp) possibly even lower? i sure hope not.
Usually there is a few months of whale trading investing in the inevitable rally and creating a gradual uptrend, until confidence from the average Joe finally returns and there is a massive leap in userbase after a critical level is passed (such as $1000). Then the rally accelerates into double-exponential.
do you think we are on the path to that critical level now? i think there is a lot of levels overhead where people will be selling. i bought most of mine in the 700s and i gotta say, i will be tempted to sell some just to lower my exposure.
Usually there is a few months of whale trading investing in the inevitable rally and creating a gradual uptrend, until confidence from the average Joe finally returns and there is a massive leap in userbase after a critical level is passed (such as $1000). Then the rally accelerates into double-exponential.
do you think we are on the path to that critical level now? i think there is a lot of levels overhead where people will be selling. i bought most of mine in the 700s and i gotta say, i will be tempted to sell some just to lower my exposure.
we will be growing like we do now. two steps up, one step down, sit for a while. repeat. slow until it blows up into double exp as TERA said. you will know that it started when people would be running around these forums hallucinating about private jets and islands. from that point, wait two weeks and sell some
Usually there is a few months of whale trading investing in the inevitable rally and creating a gradual uptrend, until confidence from the average Joe finally returns and there is a massive leap in userbase after a critical level is passed (such as $1000). Then the rally accelerates into double-exponential.
do you think we are on the path to that critical level now? i think there is a lot of levels overhead where people will be selling. i bought most of mine in the 700s and i gotta say, i will be tempted to sell some just to lower my exposure.
Usually there is a few months of whale trading investing in the inevitable rally and creating a gradual uptrend, until confidence from the average Joe finally returns and there is a massive leap in userbase after a critical level is passed (such as $1000). Then the rally accelerates into double-exponential.
The rally is due to the downtrend line breaking at $460. As a result of this, all types of traders and investors are all going long at the same time. In one mass synchronization, every short must cover, everyone who sold to rebuy later must rebuy, and every investor who was waiting for an uptrend to start will buy. This all creates a massive power. It has nothing to do with news events so stop pretending like it does and detailing all the latest hot news like bitcoin is some kind of stock
i agree, we saw a lot of short squeezing here. we saw two big down trend lines broken, so all the traders piled in. now the question is, is new retail money going to follow? because it cant just be traders pushing this thing up.
Everyone "knows" that the next run-up has started, so we are skipping it and going straight to the moon.
The rally is due to the downtrend line breaking at $460. As a result of this, all types of traders and investors are all going long at the same time. In one mass synchronization, every short must cover, everyone who sold to rebuy later must rebuy, and every investor who was waiting for an uptrend to start will buy. This all creates a massive power. It has nothing to do with news events so stop pretending like it does and detailing all the latest hot news like bitcoin is some kind of stock
Confidence and faith is back on track. Expecting 4 figure numbers again very soon
what do you have to back up that speculation...Not saying I disagree, bitcoin definitely has the potential to go well into the four figures...but just curious as to any evidence that you think will get it back to $x,xxx?
Confidence and faith is back on track. Expecting 4 figure numbers again very soon
It's 600$ in this precise moment on BitStamp, maybe there's some hidden news that we aren't aware of,
or maybe btc was simply underpriced after the MtGox events.
or maybe btc was simply underpriced after the MtGox events.
People finally realise gox wasn't the only exchange site and so the price rised, my opinion.
Today it was almost 600$
I though for a second it will explode but it is more like a steady growing which is not bad at all.
BR
I though for a second it will explode but it is more like a steady growing which is not bad at all.
BR
It's 600$ in this precise moment on BitStamp, maybe there's some hidden news that we aren't aware of,
or maybe btc was simply underpriced after the MtGox events.
or maybe btc was simply underpriced after the MtGox events.
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