Bitcoin Forum

Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend.

http://s9.postimg.org/g6g637cm7/finalwarning.jpg

It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May.

Thanks for sharing that analysis.  I get the feeling things will get very interesting next month. 

Im sorry but how exactly does drawing two lines predict anything? Need more variables, way more.

We've been riding the 1 day trend line down like a zip line since December, so it will be interesting to see what happens which this triangle finally breaks. I have a feeling something big will happen next month, but you're right, there is the x factor of more Chinese FUD or other unknowns which could throw everything off.

May 28, here we come...

http://www.indiana.edu/~gradlife/wp-content/uploads/2013/11/2011-11_FinalCountdown.jpg

If it breaks this upper support line to the downside, things dont look pretty:

https://i.imgur.com/RbDwJ3Z.jpg

We will be testing some very interesting waters during May, but I think the upward acceleration will be later on. Still though, the time to “get on board” is growing more and more limited.

Drawing some lines never worked for Bitcoin. No matter if up or down...

Well, this is the *speculation* forum. Just by comparing the support levels since last fall and running that up against the gradual downward trend we've been stuck in, I think it's safe to speculate that *something* significant will happen in the next few weeks. It will be an interesting month, as we watch it play out. We're due for a market reversal, so I'm inclined to believe it will break up near the end of next month, after a further decline to ~$380. So that's the warning; once we hit that level, it's time to move from fiat back into bitcoin. But it's the final warning.. I'm not going to issue it again.  :)

I pray that you are right, I´m also sick of these $300-400 coins, I miss them $800 coins...

We'll break out of this triangle soon enough. Should be an exciting month for both bitcoin and fiat holders!

If we break $550 in the next 2 weeks then things could get interesting.

How exactly did you place this arbitrary line at the bottom. I see it doesn't actually contact the end of any of the candles except 1.

I decided to bypass the flash crash on April 11 from my support line because it was a fluke generated by an X factor event.

As much as I love technical analysis, I don't think it applies that much to bitcoin right now because of low market depth.

All of the downwards spikes are caused by 'events'. How can you ignore one but not others?

that chart looks like a coiling spring to me....

All the naysayers sell now! While Bitcoin is "high". lol  ;D

why there's so many "final warning" in this sub forum

so you advise us buy BTC when price still cheap like now?

Is this the final final warning, or the final final final warning?

I will buy when its the final final final final warning.

I think it's become a joke..

I bet most of those who are from those who are holding or bought in and can not bear to see price going down more.

Some people find it amusing to try and control the market using fear tactics.  It's really annoying seeing all these threads pop up when things unclear for BTC short term value IMO.

Uugh I completely agree.  How embarrassing would that be.  OP should edit the title on the note haha.

a joke but not funny at all  :-\

yeah that's very annoying, some people using fear tactics
let's the weak hand fall for their tactics

Very very few are going to pour fiat into Bitcoin. Many people know about it, few people own them or want them. Bitcoin seems to a niche. It will make a call that we are saturated. No newcomers.

I agree that if some of world USD millionaires would get in, we might see another bubble. But nothing is gonna happen...

I already issued my final warning. I won't issue any more! When the price stabilizes and begins moving up again, people will be pouring their money into it. The same cycle has happened at least five times already, and each time it draws in more curious spectators due to press and the low barrier to entry. There are literally billions of dollars waiting to move in, currently sitting in hibernation. This next bubble is going to be EPIC.

My palms are getting sweaty just thinking about it

If a new bubble starts this year and price surpasses ATH, I'm going to send you beer money in bitcoin. A few 6packs fro you and your buddies. Just remind me.

Appreciate the gesture, but if the bubble does happen as I anticipate, I'm going to be bathing in bathtubs full of Dom Pérignon! ;D

Sweaty palms are only attributed to one thing on the internet  :(
;)

Have you issued your final final warning?  Because your allowed multi final warnings, but once you issue the final final warning, you can't issue final warnings anymore.. ;)

Oh no god forbid I hold that evil fiat; my sovereign backed currency which pays my bills, my taxes, most of my purchases, etc. The 3% inflation per year is going to kill me.

It is your -3% yearly, enjoy!

Bitcoin is over: don't listen to the professional PR men who come here to tell you that you need to "HODL". It's all part of the sales package that they came up with over cigars in their fancy members only smoking parlors. They tell the rubes to never sell in order to artificially prop up the value and allow them to cash out for early retirement in the Bahamas!

The next wave will be higher than the previous. Why? At the previous, we have wallets, exchanges and QR codes at POS. Today, in addition to those, we have ATMs, debit cards and more merchants accepting btc. The network effect is getting bigger. Btc is now more accessible, whether buying or spending. What we are waiting now is an announcement from an entity to kickstart the process, much like the announcement from Baidu last October.

The next wave will be a recovery wave and not set a new ATH because it is in a new supercycle.

Tell that to the writers of Final Destination :P

Depending on which fiat you are holding, the real inflation rate is likely much higher than the "official" 2-3%.

http://oi62.tinypic.com/fllvk3.jpg

slightly different fits perfect on the other period. That line is broken. If we go sideways no for a while that other supportline may not even be tested again. But i admit it could be tested one last time but that is no sure thing.

you're wrong about your line. you need to use a logaritm function in order to stick the market history...  hint : weight the historic market for a given period then you have a "dot" wich will represent the price of btc. With all the dot you can generate a log function on excel. magically, you have a trend. long or shot trend depends on the period each dot represent and how many dot you have from then to now.

you can now speculate. have fun and go burn in hell.

The only thing notorious about the OP chart is the breached support line at 380 by the dip to 336.