Bitcoin Forum

 ;D

https://i.imgur.com/9SB7Lpk.png

Down, the bad news is too confirmed by sources.

Shut up!! Up is the only way to go from here, we may dip a bit but next month expect up to be in the 1200-1500 range,

FUCK CHINA!

I'm just reporting confirmed news sources, and everything confirms down.  It's all as clear as day in Chinese and other easy to read languages.

I too believe "make love China", but I am afraid that in this instance,

Troll 1
Regular forum-dweller 0

 :D

News sources, thats all non sense. trust me HON, the value will go sky high this year.

I'm no troll, Ive been here for what seems like for ever, just got a few accounts is all.

Regular forum-dweller -1   :D

It may very well. I expect it to myself but I wouldn't be surprised at all by it dropping substantially over the next couple months before finding its footing once more and climbing to the moon. BTC has done this so many times it is amazing.

we will go down before we go back up

remember any sort of small fud will sink this quickly

And confirmed FUD from sources, as we have seen, can completely disrupt the market.

Best case prices going foward should be around $500 - 600. I say down too. Market must shake out people that just arrived. Market must allow for people to rethink their positions, Market must test support and moving averages to mature and give confidence that no matter what no matter how much panic, no matter how much doubt it will not go below X price - then we move on to higher levels . Look at the weekly chart and youll see what I mean

Also looking at the weekly chart it looks like in every crash and bounce anyone who sells above the 7 week EMA can rebuy their position for cheaper at a later date

It will break sideways through the tip. 

The only way is UP.

Always down before up we are not going to new ATH until $600 is tested and can prove to be a new floor. Until the $450 will always be in the back of the markets mind from the crash last month. Look at the charts, post bubble pop, dosnt matter what pop bitcoin when through. Look what happens after the pop to find your answer.

No way, wait for a very good news and you see the price break up
if we go down it will be on the 31st, how much I don't know but $600 is a bit pessimistic imho

Pull up a weekly chart. Look at the 30 Week MA and 7 Week MA .

30 Week MA always gets tested before going up any higher post crash.

Long terms is up. So, doesn't matter. I think it's going to go sideways for a bit from here.

Update:  Still in pattern

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

whale bots are keeping price stable and in tighter range

Looks like on huobi it is below the line - but on stamp, gox, btc-e it bounced from the bottom line. According to the theory the triangle should break in the direction of previous trend - and that is up.

More often, says old wisdom, yes, but they mark trend reversals as well. And that is really in the realm of symmetrical triangles. The formations on Gox and Stamp are markedly closer to descending triangles, which have a bearish bias.

Breaking down on all atm.

Update:  Sell signal or false breakout?  Many traders like to wait for a complete bar below the lower trendline to comfirm.

https://i.imgur.com/7DCWHsp.png

Nice clear lines, thanks.  Very powerful SHOTRING signal there.

Yep, market is being determined by bots right now......go try trading on Bitstamp for example, even jumping on obvious high volume bid wall barrier, you will be lucky to come away with $20 from a $20K investment. The minute you try to sell at a certain price, you will be instantly underbid by 1 cent, pull your sell bid, and the bot underbid immediately disappears.

FK dat shit, leave the whales to play with their bots passing their own coins between their own accounts.