|
Title: Current Bitcoin Trend Post by: wobber on June 26, 2014, 04:50:59 PM Title: Re: Current Bitcoin Trend Post by: Raystonn on June 26, 2014, 04:59:12 PM Your line violates a basic tenet of trend lines. In a downtrend, we have lower highs and lower lows. You can clearly see from your chart that we recently had a higher high. If we can establish a higher low, then we are in a confirmed bull trend. Title: Re: Current Bitcoin Trend Post by: Dalmar on June 26, 2014, 05:10:57 PM Your line violates a basic tenet of trend lines. In a downtrend, we have lower highs and lower lows. You can clearly see from your chart that we recently had a higher high. If we can establish a higher low, then we are in a confirmed bull trend. Price needs to stay above the 200 SMA for confirmation of a new long term bull trend. This has failed to happen so far. Title: Re: Current Bitcoin Trend Post by: Torque on June 26, 2014, 05:16:56 PM You wanna post this chart again when the year is actually near end?
Here, have another chart: https://i.imgur.com/DatNNJq.png Title: Re: Current Bitcoin Trend Post by: EricTyle on June 26, 2014, 05:20:33 PM That graph gives off a strong "buy" vibe. Can't figure out why ::)
Title: Re: Current Bitcoin Trend Post by: wobber on June 26, 2014, 05:26:45 PM That graph gives off a strong "buy" vibe. Can't figure out why ::) That chart didn't showed any 'buy' signals at 450s... Title: Re: Current Bitcoin Trend Post by: Nobitcoin on June 26, 2014, 05:28:42 PM I would think after the selling and dumping of the silkroad coins that bitcoin will drop severely. Could be wrong Thou!
Title: Re: Current Bitcoin Trend Post by: gentlemand on June 26, 2014, 05:33:14 PM I would think after the selling and dumping of the silkroad coins that bitcoin will drop severely. Could be wrong Thou! Uh huh. Title: Re: Current Bitcoin Trend Post by: dennydotco on June 26, 2014, 05:48:23 PM Of course any half of us could be wrong at some point this year, but with the amount of media, venture capital, and development happening I doubt we're on a year long bear trend. I'm not saying we have to go to $5k this year, but at some point this ship is gonna start sailing north.
Title: Re: Current Bitcoin Trend Post by: oda.krell on June 26, 2014, 06:04:03 PM https://i.imgur.com/qwATnJ6.png
Image sais it all. Seems like no ATH this year, folks. ... ... ... https://i.imgur.com/g4nl68i.png Ooops. Title: Re: Current Bitcoin Trend Post by: piramida on June 26, 2014, 06:16:54 PM Image sais it all Some images are worth a thousand words, yet for others even one is too much. Title: Re: Current Bitcoin Trend Post by: wobber on June 26, 2014, 06:20:36 PM 1 word: "ACCURATE" ?
Title: Re: Current Bitcoin Trend Post by: derpinheimer on June 26, 2014, 06:56:52 PM http://i.com/qwATnJ6.png Image sais it all. Seems like no ATH this year, folks. ... ... ... http://i..com/g4nl68i.png Ooops. Haha, I saw that first image and though, "What the hell is he smoking? That isnt a valid trendline OR even remotely bearish" Title: Re: Current Bitcoin Trend Post by: Ed4252 on June 26, 2014, 07:05:07 PM This month is almost identical to September of last year..
Title: Re: Current Bitcoin Trend Post by: zimmah on June 26, 2014, 08:27:49 PM Let's hope july is like november then,
it's about 8 months so it's about time for a new rally. say goodbye to triple digits. 2000 is the new 500 Title: Re: Current Bitcoin Trend Post by: Febo on June 26, 2014, 08:35:18 PM say goodbye to triple digits. Yes sadly it will happen soon. We will wait to see 3 digits again for a long long time. BitCoin will need lots time to recover of all troubles coming in near future. Title: Re: Current Bitcoin Trend Post by: wobber on June 26, 2014, 08:52:56 PM We'll see... Not convinced we're going to have a rally this year yet.
Title: Re: Current Bitcoin Trend Post by: ajareselde on June 26, 2014, 09:17:37 PM We'll see... Not convinced we're going to have a rally this year yet. there is simply no way of knowing what will happen, like they say "the night is darkest before the dawn" this could shoot back up anytime, in the meantime, just try to get more on trading those short ups and downs. Title: Re: Current Bitcoin Trend Post by: oda.krell on June 26, 2014, 10:48:53 PM We'll see... Not convinced we're going to have a rally this year yet. Me neither. But that "downtrend" you drew was so sloppy, it made masterluc cry (and he's not even reading this forum anymore) :D Title: Re: Current Bitcoin Trend Post by: ibankbitcoins on June 27, 2014, 05:47:09 AM Title: Re: Current Bitcoin Trend Post by: lay785 on June 27, 2014, 06:17:17 AM sold my bitcoins at 585 and 575.
On a private exchange someone was panic selling for 547 so I couldnt resist and bought a few. Not sure If I should dump them for a quick profit on a large exchange or hodl.... Title: Re: Current Bitcoin Trend Post by: maker88 on June 30, 2014, 11:59:10 AM This month is almost identical to September of last year.. I've been looking at the weekly chart and sept-oct last year looked just like this. run up and bear trap. nice rise off the established bottom, then 3 red candles, before a green candle trading in the same range for a week, then it made a break for the moon. now we've had a run up off the bottom, three weeks of red candles and then a week sideways ending in a green. deja vu anyone? i hope i hope haha |
