Bitcoin Forum

Be ready.

We'll see...or not....

soon or next month?

Would be nice if it were for the better

Reasons?

like seen on graph soon ;l

uff maaaanyyy, just few:
look at chart there was soo many bought. we already was on important price point 400, we reached support point (second line from down), good fundamentals such neews etc. today i found on chart not typical movement  that's is because, I believe, there was very much new buyers, like those who first time heard about bitcoin when price climbed high, so i believe there is at least double more interested and at same very active in bitcoin than were just month ago.

of course there is still chance to go down to 530 , but those buyers... those buyers just gone crazy, we already was on 530 and lower so this is no no. just up like Gagarin to cosmos. I belive price 530 is the history we will not see that price for "decades".

Price is making lower highs and lower lows.  Just because one is constantly thinking bullish in Bitcoin doesn't mean the first higher low is even that; much less a reversal.

You're in a downtrend.  There is nothing except your own bias telling you to buy now.

Maybe you didn't hear about Mt Gox? We're not in a trend reversal, we're in a full blown market crash. This was not a slow reversal. Crashes end and the market will correct.

catch that falling knife

Why do I bother? Your FUD is unpaid propaganda. Thank you for your voluntary service. The volatility you folks produce gives me free bitcoins. Keep up the hard work. Honey badger.

If technical analysis worked, you'd be already a billionaire trading stocks or doing forex - both tremendously more liquid markets. Chart patterns work *only* if a significant part of the participants believe in them - it's like a self-fulfilling prophecy. In Bitcoin, most people are new to trading and those are not are the whales, who manipulate the market as it suits them with just a few thousand bitcoins.

Hmm, wrong.. Bitcoin is filled with many obvious TA examples (double top of the ATH was a classic example). Fibonacci lines also work really well with it. Just because there is a lot of dumb money in bitcoin doesn't mean that the TA pros aren't scooping up all the coins from noobs who don't know TA.

Good criticism, I always like it! If you read my early posts you will find that I was on bear trend for almost two weeks with target point to 400.

https://bitcointalk.org/index.php?topic=446304.msg4921220#msg4921220
https://litecointalk.org/index.php?topic=13206.msg116185#msg116185

i don't think that we will be getting a trend reversal just because of fundamentals. Its a bit new for them, a good news will shoot it of the grounds thats for sure. But as much possible to get down with a bad news.

I think its pretty much depended on the news..

there is a trend reversal - righ now, question is would it be new trend? i just telling that you must be ready, in case..

OP is right, we soon see $ 1000 and record breaking ATH's

2014 should be a very big year.

We have a lot of obstacles to overcome before we get anywhere near a new ATH

Fundamental value reaches an ATH almost every day.  Price just doesn't realize its error very often, and when it does, it over-corrects.  To me the predictive question boils down to:  How long does it take for price to realize the error that has crept in while value quietly but measurably grew?  Or to put it another way:  How long does it take for stealthy growth in value to create a visible stir which can no longer be ignored?

But perhaps there are other means of driving price which should not be neglected.   Another sovereign debt crisis, for example.  Another forced bank bail-in.  Anything that makes debt and fiat suddenly repugnant.  Changes in Swiss banking regulations could have a big impact, e.g.

Anyhow, these are long-term topics, while the OP's trend reversal concerns are much shorter-term, methinks.