Bitcoin Forum

That ~281 data point was exactly what we needed to confirm that the parabolic uptrend has begun.  Think about it... if you don't have corrections like that the whole thing runs out of steam too early.

https://i.imgur.com/dI2uMugh.png

You could connect a few more points imho. ::)

Yep, totally expected a drop after the weekend rise. Upper 300s here we go!

220-240 range was held for months.. we moved to $310 with a fall back to $280-290...

Agree with OP I do.

Yup just a simple retracement, inspiring several lazy yawns. Zoom out! ;D

 I am happy with the actual price. And I don't understand why people are crying when 280$ is a high price compared to almost all the year 2015.
So If you folks have enough bitcons, my only purpose  is to make a coffee and sit down to search for good places to live once you quit  your jobs.  8)

Ahaha fantastic reply! You made my day.

---

However, OP you should see this other chart (BitStamp market):


https://i.imgur.com/J963KJa.png?1

Frotunatelly I've sold few bitcoin at 305 dollars....

It seems like just one entity (and a herd of bears like always) was selling.
I am a bull, and as one, have to inform you that someone(s) bought all those bitcoins at a higher price than most of this year. 8)

$294.5
nom nom nom der walls



 8)

This thread reminds me of this....

https://i.imgur.com/4NKXJMY.jpg

Quantum computing, BTC will go back in time, chart verified.

this is the best thread i've read in a long time

No! Bitcoin is DOOMED! I laugh at your silly internet token things, it will never get higher than $31 again!



oh, sorry, I thought it was 2012 for a minute...

It may seem facetious to draw that many lines but it illustrates what an exponential rise looks like and I like the "cat's cradle" effect of all the support lines  8)

Tens of thousands of coins were dumped last night yet we're still rising exponentially.

let them dump the more they dump and the more we can remain at the same level, the more that level will be tough to beat

those little dump that occur while we are increase so nicely, are a good thing, they give the opportunity for buyers to buy at the same price and strengthen their position

Yes, this results in more room for people who want to invest their money in bitcoin to buy at an optimum price. It benefits both the parties, and such little dumps that take place will happen while our position will increase better. It will make the people who are buying new coins happy too and when dumps slow down, the price go up and benefit all

A thing of beauty like a draem.

Don't look at the charts, look at Greece.

Their doom will be our moon, and if they don't fail we will just go back to 240.

It could be nothing but a trigger was hit and I've closed my longs (for now).  I'm not happy with the volume on the bounce back from 281 and the first support line was broken.  I will open new longs if we can get back on top of that line but a parabolic rise will crash if it stops accelerating.  The very short term is critical here.  I might start opening shorts below the second support line currently around 280  :'(

https://i.imgur.com/PUsbAlO.png

bitcoin price is not depending on greece. it will go up anyway as there will be more use for it. it's great to see the price peak due to greece, but we all know, peaks don't last.

Which means you are losing money because you will most likely not buy back and miss the higher prices in the future.
Moral of the history: Do not sell unless 100% needed, otherwise you are most likely losing money unless lucky as f*** to buy back at the right time.

So buying right now would be losing money? I still see a $25 profit on each coin which isn't bad. In fact, if he sold 12BTC, it's like a free Bitcoin in his wallet. That's like $10gazillion extra in the future. So where's the problem? Maybe the moral of the story is that more people should do the same since it's so easy.

BTW, OP, How's that chart look now?

Well, i assume more lines but in the opposite direction. ::)

OK so false bubble start... I think a few people got a little too excited despite massive bearish divergences. 
However underlying hidden bullish divergence is there.  All divergences have resolved to bullish actually and multiple attempts at 270 have failed.  I think it's time for another leg up.

https://i.imgur.com/xTYOYD3.png

Chicken formed..looks like it already near to fly off this month.

Only problem.. Chickens usually fly only a short distance and than crash to the ground.. :S We are in for a ride then ;)

LOL chicken formation, awesome.

LOL

Fractal, anyone?

https://i.imgur.com/wKHx1Vs.png

This is some WEAK, weak dumping, bears... I'd love to open a long in the 260s/270s but time is running out before we break up out of this range I think...

https://i.imgur.com/LOjtgbL.png