Bitcoin Forum

(Based on history) When a major Bull market move finally develops, Bitcoin will go up 7,8,9, sometimes even 10 or more days in a row.
Bitcoin will not literally go up forever, but if you are short (or in way too much cash), and looking for a big correction, it will feel like an eternity.

Have you ever been on the wrong side of a 7+ day Bull move?
Are you looking forward to when the major Bull move finally comes around again, and are we seeing the Big One starting to heat up now?

I have been on the wrong side at times, but never for 7 straight days of heavy movement.
I still do not think this is the big bull, yet. A significant move, yes, but not THE bull.

Price has gone really high in quick time and majority of us are not ready to accept it yet, but yes I think price will not fall now it will keep on moving up.

May be some gravity may act on bitcoin price as normal rule says what goes up should come down. But really this price is unexpected and risen within 2 days so may get dumped a little bit but i think it will not get under 500$ after this bull market end.

Price will never be under $500 again on Finex.  R.I.P. bears.  Once people figure out the downside right now is extremely small, up we go again.  $600 soon.

of course the price will not fall any more, im a bit sad when i think about the people who did not buy their bitcoins at the time when the price was lower because it wont be that low any more

hopefully the price will reach a new all time high this year, that would surely be a good sign in my opinion because that would mean that more people would jump into it

So that means we might move upwards at least until friday, based on history and a minimum of a 7 days bull run?!
If that should really happen $600 would be a likely scenario.
The correction after that is the big unknown. So close to halving I don't expect to fall back below $500 for a significant amount of time.

I don't think It's going to reach anything above 600$ anytime soon. I know that it keep rising but It's without any logical reason which make me worried instead of being happy .
Please don't fool yourselves by saying it's because of the halving because it's not , I don't see why would people start buying in this time specifically so the logical explanation would be: Exchange Manipulation which won't last long .
And yes , It's going to fall once again . Even if it doesn't now , It will now after the halving because people will be hungry for a fast profit and they will all dump at the same time which will cause a price decrease .

this is how i see it

when china i leading the race with insane advantage, wait for others to pick up with the price and sell then
when price on btc-e suddenly rises and catches up, or catches up and bypasses chineese exchanges - sell
when price starts moving starting from exchanges like bitstamp and btc-e first - buy or hodl.

Chinese manipulators started this in other exchanges.

So it's obvious what will be the next scene in other exchanges after succesfully pushing the trend from most of their exchanges.

Arbitrage .. of coarse one market is pulling the others.

The type of move I'm talking about is more like the "heart of a Bull" (not this week, but possibly forming)
Near the top you get exciting pushes in both directions.
During the "heart" you see literally "7,8,9, sometimes even 10 or more days in a row" of endless up moves.
Pretty scary, huh?  :D

If you would actually read about world news a bit more you'd know the bubble started exactly when the yuan devalued.

China is leading this run, and because of arbitrage the other markets run closer.

It seems China isn't done buying yet either. So this run might continue for a few more days at least.

It is not going up forever and it is really hard to predict for what the value will be and that is the problem of the Bitcoin because you have also to know that it is a currency so it is hard to predict.
But you see now indeed that Bitcoin is going to be more worth and that would be really nice but we cant still calculate what is going on with the value because the halving is also coming.

Question:
Are we now seeing the type of action I had in mind when starting this thread?

Answer:
No, since it it still very early.
When we see the "Bitcoin will go up forever!" action the Bears will be panicking and the market will rise rapidly for at least ~9 days in a row.
Enjoy.  :)

i couldn't agree more.
i have a feeling that the history is repeating itself for a third time. and just like back in those days people couldn't see $1 and $100 anymore this time we will never see $500 anymore.


you are talking to yourself ;D