Bitcoin Forum

Hi all

I have been making some profit buying BTC at sub 410 prices and selling at prices over 410 (normally I buy at 405-409 and sell at 410-416 then repeat). Price seems somewhat stable at those ranges... but (just in your opinion) which would be a point of break (i.e: if it goes over 422 it's that is going up so best to hold instead of buying-selling, or if it goes below 390 it is going down, so stop the game too and wait to buy lower).

Just your opinions-insight on this would be appreciated. Thanks.

We're going to be stuck in the range between 380 to 420 for the foreseeable future. After halving in July, we will come down to 250 and will stay there for a long time.

it is a little hard to say IMO. but i think $425 is somewhat a safe assumption for price to stay up and anything below $400 is going to stay for a longer time but is a good place to buy cause it is going to go up above 400 again

it need to go above the 500 mark we may assist to a new range of playing, which cna be between 600-800 or higher

until 450 i would safely play the range 400-450, 450-500 is an unknown territory

Till halving we can expect a stable price growth without much jumps. If a jump in price takes place that might be a break point in my prediction.

people here can only make rough guesses unless they are a market mover. at this point i wouldn't want to risk selling my coins and seeing the price go up just because i wanted to make a few bucks profit. it will keep bouncing between $380-$420 as talks_cheep also said. i only don't agree with him saying the price will go to sub $300 prices after the block halving.

Since November highs have been lower, and lows have been higher (http://bitcoincharts.com/charts/bitstampUSD#rg120zczsg2015-10-15zeg2016-03-11ztgSzl) - presumably because traders are setting bids below the last high, and asks above the last low, in an attempt to outbid each other. This forms a triangle - the breakpoint (or breakpoints) for me are the upper and lower limits of the triangle (currently around $445 and $395 respectively, but the gap between them is diminishing). I believe when exit from the triangle is confirmed price will move quite rapidly away from the triangle.

it does look risky to wait for $400-395 any more, this low price is most probably is not going to happen any more so you have to set it accordingly and for the high i would choose around $415 but again it is getting more and more stable these days until a break either ways happens.

BTC to work it's way up (nasty little long stop running corrections notwithstanding) to above $430s, but not above $450s. Put in bearish market structure, and then fucking tank good n proper. With that said, if BTC does somehow get above $450, and confirm itself with bullish market structure, then it has got to be a long. At this point though, I don't think that is going to happen.

At this point I don't see a clear enough pattern to make a call either way, so I'm just staying in fiat for the moment.  I think we're gonna be pingponging between 390 and 440 for a little while now before finding some sort of a longer term trend.  If we break either of the lines shown I'll probably consider making a position, depending on how the market reacts.

http://puu.sh/nCPvE/3c08678e19.jpg

The Contrarian Indicator has spoken. Place your bets accordingly.

What you are telling is 50% right but i think after the halving the price will first go above $500 after that the selling pressure will raise and then we cannot tell what will be the lower price because it is upto what sellers what to sell the price.

Well yes but take in matter the halving is no guarantee that the price will increase. In fact there is still a big chance the price will even go stick to the same.

So make sure you invest with care.

Well base on my observation, it if reaches $470 then that's the time you should stop the trade and hold onto your BTCitcoins instead. Also if it goes around $370 then that's when you should stop the buy since it could go further down (this is just my own understanding, it could be different in reality).