Bitcoin Forum

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL. ;D

Is this also the time to begin listening to Tom Lee's advice again and start looking for a bitcoin bear to make fun hehehe?

I reckon most of us only begin listening when everyone is dumping which ends in losses.

Lol, I'm not good at making meme but I'm sure there could be thousands of meme on Jamie Dimon or Warren B floating around. I don't know about Tom Lee though, we all know that he is a perma-bull so I guess it doesn't count. :)

Yes definitely there will be different types of memes will pop up again soon because of this positive news about the market . Lol by the way this consistent progress of market is already made by the bull trend IMO, which is that is the reason why thre's a consecutive gains within week but unfortunately not full strength because it still weak . If we want it to go further lets continue spreading positive news about bitcoin so that it can obtain more support to fly above again like what happened before.

It did have 7 candles of green however if you actually look at the candles, many of them are very small doji's and they could of easily ended up being "little negative" instead of "little positive".

Look at the candle for week of March 18th, the open was $3962 and close was $3966, so basically a $4 change. Same with the candle on Feb 25th week, it opened at $3733 and closed $3785, only a change slightly higher than 1%.

The way that last weeks candle closed, I am assuming we will get at least one more bull candle before some sideways action.

that's what i'm thinking too. that's what happened after the big weekly green candles in feb, july, and dec last year---one push higher followed by correction/reversal. i'm on the lookout for a shooting star or similar......a wick up that gets sold into hard as we enter the $5600+ zone. a wick through the weekly 50sma like last july would be picture perfect.

Agree. I'm expecting a final push around the $5600++ zone and then the growth will slowdown and we could see some sideways then. But it's good to see Bitcoin posted some gains in the last 7 weeks but there are close call, 4th and the 5th week, we almost didn't get as it only posted around +0.11 % increased.

Well, meme's have been exploding ever since the jump in April 2. I'm not posting though, but you can go around the internet and you will see the latest.  :)

I agree we should keep on spreading positive news about Bitcoin and all that but unlike you say that the changes seems to be weak, I believe no price changes are weak or too small.
Even if there is $1 price increase, it makes a huge difference because it shows there is active market activities and its not just been stagnant.

I don't want to be sounded too negative about the price of bitcoin right now but I don't really see any potential Bull run for now, But if this is a recovery yes this is a recovery for sure, There are a couple of people in the forum that are waiting for another bull run but I really think that it will sure come but I really think that not in this year, We recently have that trend and I really think the market needs to let loose and relax a bit more the market of bitcoin is maturing it will not tend to let loose that much and would consider a slow pace recovery than with a sudden movement, Because I really think that if it did correction will sure kick in.

I've got mixed feelings. My guess is this is a replay of June 2015 or July 2018: maybe a bit more upside is in the cards, but a significant correction is probably coming afterwards. Maybe back to the 200-week MA or maybe even further. I'd guess we are still many months away from triggering a real bull run. I still think this year will be mostly sideways.

We have had such a good week, everyone feels the advantage of selling Bitcoin at the moment and it is very likely that prices will also increase so that anyone who has Bitcoin is worthy of being able to earn more money. Investment in Bitcoin is so increasing along with the simultaneous increase in Bitcoin prices.

Now everyone will say HODL, and this can be an opportunity to see the price of Bitcoin pumping again. Let's wait for what will happen next.

Don't want to pour water on anyone but would that still hold true if we used any of the days to calculate? Purely out of curiosity, but I was almost certain w had a week of losses before the 5k spike.


When did we ever start listening to Tom Lee? Someone forgot to tell me, I'm still on the McAfee bandwidth. Was thinking to switch allegiance to Changpeng for a while until he started with that FOMO comment. Pompliano's already taken out the champagne it seems, if his busy Twitter's anything to go by. Why I even know this isn't sad, right?

In fact, all that happened a week ago once again confirms the idea that all that is now needed for Bitcoin holders is to squeeze their will into a fist and keep holding their coins, the market is ready for growth, and this is what he showed when he confidently exceeded 5000 dollars.

It's nice to see movement this week, bitcoin has a good change and this will increase again. Get ready to see memes hanging around and giving good hopes. Bitcoin remains safe and has a good moment to keep holding it.

Looking at that chart was weird--it shows that bitcoin had been on a slow rise since January, which I guess I might not have been paying attention to, because the price seems to have been flat for many months before this explosion in the last week.  Can't argue with the data, though.  Nor am I complaining, believe me!

Given that the rise has been going on for that long, we certainly could be in the beginning of a new bull market.  I'm still skeptical, however.  The upward momentum that appears to have begun in Jan. was very gradual and the slope wasn't anything to get excited about.  What I don't want to happen is for bitcoin to keep rising at the rate it's been going at for the past week.  That sort of price appreciation isn't sustainable, and it'll inevitably lead to a crash--and we don't need another one of those.

Consecutive weeks of gains wont really imply a guaranteed signal of new bull run coming up but its good to see these gains compared on last years movements and as The Pharmacist said above
this do start since January but im not really expecting too much too yet these gains is achievable on a short duration just like on that 20% rise recently.

Right, this grow can't guarantee that a bull run will come, even if see a lot of news that price will go to 8400$ on some weeks, we need to wait and see if will grow and maybe hold our coins for better price then now.

The previous weeks were basically sideways trading like before the last crash where we also had 9 weeks of sideways trading and then a big dump followed by a lot of bearish action, this certainly looks like the same but inversed, it's also the first time we actually broke the lower high in the weekly chart so it is looking quite good.

Finally, i think we may see the start of bullish market unlike to those previous days where Bitcoin almost dive in the deepest bottom. But it's not happening since there were hodlers then they don't push hard the market to dive in the bottom. And since i was always expecting a bull trap i hope this growth won't fall into the trap.

I am certain once upon a time some of us did. I remember posting some Tom Lee bullish articles and ridiculing them on January to March 2018. I got some negative replies from some people. They must be the Tom Lee followers hehehe.

Yups for how many times Tom Lee release a predictable comments in 2018 but none of them comes closer to expectations,though this time its kinda near but yet people don’t wanna believe him now

But about OPs link if this will be reality then storing bitcoin now is a good strategy,but I doubt since for how many chances people are victims of misleading market prices so keeping assurances won’t provide losses at all

Which posts of yours? You usually post a lot regarding Tom Lee's bullish prediction? Or it is the post wherein you put Tommy Lee Jones pics?  ;D

Well my post is about how we are in the bullish trend, maybe not the trend that we all wanted to see but at least in the last 7th weeks there is a gain that I'm sure not everyone here have realized. There might be some close call, but at the end of the week it is still on the + side.

When was the last time bitcoin ever had a 7 consecutive weeks of gains? I think the 2017 peak was probably was the last time we ever seen that and never seen something like that ever since. I mean yeah we had some increasing weeks for sure but I do not remember any for 7 consecutive weeks, that is remarkable. Hopefully this continues for weeks to come (even months) so we could actually say we are in a bull.

Nevertheless it is a great accomplishment and we should all be really happy about it, without these insisting increasing prices we wouldn't be able to keep up with the increase that eventually gave us this 5k+ prices. What people do not realize is that even smallest of profits means at least its not a loss, 1 dollar increase is always better than 1 dollar loss.

The good news of Bitcoin is shown and this is great for crypto movements, slow but sure to give color so the market is more alive. The main coins that are able to influence the altcoin have been able to make investors excited and think the 2017 trend is back.

We have had our moments of short and brief corrections at hand and that, I think, breaks the consecutive weeks of gains that the article is trying to point out. Anyway, the past few weeks have been so great nevertheless, and I'm sure a lot of people have already made money off of the previous rise.


Uhh no. Tom Lee has always jinxed what he predicted in the past. He may be a solid bitcoin bull but that doesn't change the fact that most of his predictions in recent times are awful and cannot be trusted.

He's been wrong a couple of times, but that won't stop him from saying bullish comments. I said in another post a few days ago that Tom Lee doesn't actually care if the people that have heard his past predictions believe him or not, right now, his target audience are the newcomers that usually follow whatever a guy with experience in investing or stock markets has to say. Tom Lee knows that there's a high chance that someone with big pockets, even investors, is reading his predictions and this person will probably go to his company for advice about investing in bitcoin. It's all about attracting new clients.

Last week after 6 positive weeks I said, now we are ready for corrections and then we got this 7th BOOM week.  Luckily I dont trade or would be broke already.  But. My point still stands. What goes up also goes down. After 7 positive weeks we are ready to also go down for a week or two. Do not be disappointed when that happens.

The seven weeks of continuous gain in the market once again confirm that the bull trend is strong and can expect the same to continue for a longer time period. Also there is regular growth in the price even when there is some form of minor price fluctuations. When this gets to be 52 consecutive weeks of gain we'll be standing close to $20000 once again.

I do think that it's safe to say the floor is at $3k as demonstrated by this chart, and anywhere below that wouldn't be sustainable at this point because there has been so many new investors and corporations that have been made aware of bitcoin in the 2017 bull run that would drive demand for cheap coins.

Bitcoin has always been fundamentally sound but we are seeing a real shift in sentiment I think which is the underlying cause of the rallies, people aren't as uncertain about the market as they were last year, and psychology had a lot to do with it.

We could see an incoming correction due to the fact that prices have risen so consistently over the past weeks, potentially down below $5k as I don't think there is sufficient support there yet. It's only natural that this happens, as price corrections are a matter of time in such instances. But in the medium to long term I think this should be the start of a bull market, and the halving next year will only further the bullishness.

There is no denying that the price is rising to slow than before. But we could still expect that there will be a bull run happening soon. The price is getting better and better, given that we have reach a really high peak before, the possibility of regaining that value is really possible. I'll just buy and hold, the future is bright.

Slow because we are just starting, we even have not reach a month period for this tiny bull run, don't expect hard.
BTC is very unpredictable, so you will be surprise, it's starting to attract and pour money in the market, once big players will infuse their money
the market will certainly move up, and we can see a big dump again, believe me.

A agree that there will be an incoming correction, no doubt about it. But I'm not seeing that bitcoin is in the overbought zone.

We still can go as high as $56xx and maybe, people will start to think that they need to book some profits as the TA will point that we are not closer or at least in the overbought zone when $56xx is touch, so let's see.

You are right, investors better get ready for it and keep Holding their coin because anyone that sells off now at this critical time is doing so to his own detriment, I will also advise those who are waiting for bitcoin to fall back to $4000 dollars or below before investing to rethink their actions as it will be impossible for BTC to fall to that price again until we see the ATH.

I am not sure what will happen after the ATH, it depends on motive behind every investment, I believe we have big percentage of people keep their funds in BTC other than that of investment, so $4000 may never even be possible again as people adopt the crypto now for various purposes.

Correction could happen and honestly it should, we can't sustain a forever gain too many times in a row, look at 20 thousand dollars, between 6 thousand dollars and 20 thousand dollars there was absolutely no correction and it went up so much that the middle wasn't filled so it really was easy to go down right away. If you go up too fast you miss the chance to fill the middle with orders which results with easy going down.

If we are going to go back up again to any number we should always stop in between and wait a bit to fill the orders first and than go back up again, that way even if we get too high the middle will be filled and when we go down we won't go down that easily anymore, I do not want bitcoin prices to be 20 thousand dollars again if we are going to go back down to 3 thousand again, if we are going to go back up than we should try to stay up as well.

We did just able to reach out only $5400 price and it bump its head and going downward once again.Yes, its just a normal correction with big percentage. Recovery could happen but we would still wait up for that overbought zone of $5600.If we do able to see a breakout then possibility on heading towards $6000 in no time but for now lets wait and see on what are the things to happen ahead.

https://i.imgur.com/PWUMu5q.png

That's it? I thought I would see charts super full of lines like those in the tradeview they like to display. but why is this image so simple? well, I never understand these tradeview guys


for daytrade people, they must have made good profits


Why most people keep thinking that any price increase, result in the bull-run?


https://i.imgur.com/mpwurl0.jpg

Good to see it after a long period. 2018 was another best year to invest but none would accept as 2018 would be the best year as many were not able to gain profits. But investors with more expeirence would certainly accept the fact the current move is so good compared to last year and current growth may lead to a good spike by June 2019. Lets watch.

For the past 7 weeks, bitcoin has experienced an increase in everyone's happiness and thinks that trend reversals have begun. But, if we see from the 7-week candle, the volume of the increase that occurs is very small, it takes a few more candles to confirm that the bull run has started and the correction is very necessary because the RSI has shown overbought.

It was the 7 consecutive weeks of gains that put us all in this current situation because I personally blame it for the bear market that came suddenly, if bitcoin had spread its growth to the ATH within a year, there would not have been concentration of sell off we experienced then, many people then was virtually doing more of sell off because there was no room for more investment.

If bitcoin was growing slowly on a monthly basis, there would have been serious balance between buy and sell, as people are taking advantage of short increases, many investors are also investing and this will tend to create a balance between the bull and the bear.

Yeah it was a little smile on our faces to be very much honest.
Yeah when my friends and fellow traders told me about the growth of Bitcoin , I was completely shocked. I thought that investors are showing interest in order to gain profit.
But have checked the Price Of BTC price since last two days ? it's again down and unfortunately made all of us sad.
We here still wondering when will Bitcoin again rise, so that we can sell our holdings in a bit higher price.
Hope my fortune helps me to do so soon.

Very good post.Merit for you.You will find lot of TA charts You tube videos that bitcoin is going back to 4200$ or even lower
3000$ bitcoin to 2500$ or 1200$ for sure then 3800 will drop to 3100 2500 for sure then 4200 will drop to 3500$ 3100$ for sure  then 4800 will drop 4200$ 3500$ for sure then 5200 will drop to 3500 $ 3100 for sure that way btc one day will drop to dream zero question is how many of that zero will be and what number will be prior to zeros

As at today we have a little retracement but bitcoin has refused to go below $5000. I think the support at $5000 is now stronger than when bitcoin was trying to break around $4250 last two weeks.  I am happy that our hope is been awakining and it seems to me that now still remains the best time to invest in bitcoin and others cryptocurrencies.

Exactly, that's why I wanted to point that the bitcoin is already on the steady claim and as much as people questioning whether we are in a bull run or not, then there is the charts that will prove it.  ;D

I don't bother listening to those youtube's who kept on saying that we will still need to go to final capitulation before we can see a bull run. That charts speaks for itself and it looks like we are on the course of making 8th in a row. ;D

@omonuyak - $5k is now the new lows, the price goes up to $5150, I'm sure many of us felt disappointed when it went < $5k momentarily, however, it was a steady claim above $5k again.

Bitcoin has found a new support at 5000$ and i hope bitcoin do not break this support. Many people were saying that bitcoin next movement will be below 3000$ etc, they all are silent after seeing this upward movement of bitcoins. We may see some retracements now because there cannot be all green candles forever, but bitcoin will not fall below 4800$.

As I have said, this $5k should be the new lows for now.

Yes, I also see that a lot of people are saying that the price would go below the $3k-$4k range but it seems that the market has improved a lot and investors are now slowly getting their acts together that why the price seems to be stabilizing at $5k so I don't think that we will go and fall in the next coming weeks.

Look like there will be a lot of jokes again that will happen.

Oh, and it will hurt those who have already sold their bitcoin after buying from 5 digits of price. ;D

It will happen. I have already told that here over and over. Never losed hope with bitcoin because I know it will come. It is just getting slower and slower.

It's already Monday morning my time so I will assume that we are on the way for a 8th consecutive green pattern?

@Reid - I agree. It might be a slow grind, but at least we are heading to a good direction judging by the looks of the overall market in the last couple of weeks. We will just continue to hold and see what the future would bring. But I would assume that it will be brighter day by day.  ;D

The gains are still extending and this is so refreshing, at least altcoins are coming back to life now. However, it's not a good time to buy in now at almost $6,000. It's already late and buying now will amount to chasing the price (this is a wrong approach in business). Bitcoin is headed for a slight correction from the technical analysis before continuing on the bull run.

Plus another 4 weeks from thia post?so what we are looking now is really a bullrun?this may seema to be more productive month for crypto market

As we are heading to break a $6,000 bitcoin price and following more altcoins so good that we have this kind of market now and keep the HODL alive again

From what I have seen in the past it seems that when bitcoin begins to rally it takes alts some time to wake up, bitcoin has been growing consistently for weeks so this tells me that those that are predicting a new bull market are not far from their predictions so buying now may not be a bad idea if you are willing to hold for a few years, however what I am really waiting for is for alts to begin to show some movement but so far I am disappointed by what I am seeing.

Why are you disappointed, instead of being disappointed, I would like you to go back to the history of some coins, check their ATH, and check what bitcoin was during their ATH, check the time they were redundant, then check what the value of BTC was the, you well realized that they don’t always follow BTC bull run.

Altcoins also have a particular time they do rise too, and that time is what we should be targeting, most analyst says that the time altcoins  rises is when bitcoin is going sideways which we are yet to see, and I think in between the BULISH Market is when BTC goes sideways.

On the contrary, it is still quite cheap, we are still in the 4 digit figure. Would you rather buy when the price peaks at $10K? So it's not that late, although the best time is when the price just hover about $3k. Of course, correction is healthy along the way, we don't want to see parabolic rise as this might create another bubble. But saying that it is already late to buy today is absurd, in my opinion, and don't be this person, People Only Want to Buy Bitcoin *AFTER* Prices Rises, Google Data Shows (https://bitcoinist.com/bitcoin-price-google-data-people-lag/).

That is a good advice to all of us.  We should continue to hold as I think selling now may cause us to regret in future.  The market is really building up strong momentum and we would get better if we keep holding  .
We are having a good market this year than last year and it means the overall general conditions of the market has started changing.

Right, and it seems the OP's somewhat prediction is still true at this point, as the price goes above $8k but now just settled around $7300-$7400. So general conditions are changing and improving again. That's why the investors are happy to see the price going green in the last 12 weeks already?