Bitcoin Forum

Hola traders and investors, what is your honest opinion for the next quarter?  I am completely lost here.  I have been doing okay in the past from trading.  I've gotten a bit lucky shorting btc lately @ 600 and selling at 400s.  I admit i made a very lucky yet adept call about the sell off recently see this thread: https://bitcointalk.org/index.php?topic=661134.0

But now I am just clueless about the future of BTC for the next quarter to 6 months.  What do you guys think?

Be wary of anybody who thinks they know.

More signals required. I am firmly in wait-and-buy-dips mode. I won't buy here ( although I did on the way down).  I won't sell. Its waitin' time.

you don't need us to tell you your shorts paying off was pure luck. good stuff!

i think price will be 10-20 thousand dollars in 9 months.    :)

The most likely scenario for the next 6 months:

BTC will mostly trade in the 450-600 dollar range. In November/December we'll see a mini-rally bringing us to 700-750. Then we'll crash down to 500ish prices again, and trade horizontally for a good while.

The bulltards will continue insisting that 10k is just weeks away, despite lack of widespread adoption.

LOL! I'm gonna quote you on that 9 months from now.

i'm not sure on the numbers, but i generally agree that we will range trade for the next months. perhaps the next year or two even. i could see us staying in a range of say, 250-700 for the next long while.

This is much too specific. It is very difficult to really be able to predict the price with this level of precision. It is also generally impossible to predict short terms movements as you have as there are just too many things that can influence the price over the short term.

Yes. $250-700 is a broad enough range and my expectations are the same.
Although, I still have a small hope that it will cross $1000

Exactly this.    

5k, or 10k or 1 trillion is NOT weeks away.

Until the Bitlicense issues are resolved and the Winklevoss ETF will be ready, we won't go anywhere.
It will take an awful amount of time (months and months) to fix these issues, so sit tight and be patient.




http://3.bp.blogspot.com/-G4LXzA6PezQ/TpnXosoh0CI/AAAAAAAAACM/v1_-8N10W_U/s320/DEAL-WITH-IT.jpg

I disagree about trading up to 700-750 range and then back down again.  If we get anywhere near 750 on rising volume then a new rally is in the works for sure.

That's why if you're a long investor and still on the fence about buying more, now is a good time to buy in the scheme of things.  Don't wait for the pre-rally period or you'll be panic buying at much higher prices along with everyone else.

Short term, bulls may knock at the major resistance level of 560$ until they'll run out of ammo.
Asks will pile up again and once the 442$ resistance will break, we may see a red dildo on the daily chart.
Eventually the market will find the real bottom and a strong rebound will follow, then the new bull market will move slowly up.

Interesting.  Thats what I was thinking.  Everyone seems to be saying this. 

Consider this downtrend as a big opportunity to take a position. Im stacking as much BTC as I can and im broke as fuck. Just trying to hustle. I know for a fact we are going up in 9 to 12 months. It will pay off. All this hard work will pay fucking off.

Short term wise (1-3 months), the price action is looking very bearish.

Short it at 500 and cover at 400 with cover loss at 550.

right now it's stabilizing at ~$500. Give it a few months, it'll stabilize at ~$600, then ~$700, then ~$800, then ~$900 and finally at ~$1k.

past 2014, it will be impossible to still be in the $400-$500 range

Nope.  Bitcoin doesn't seem to work this way.

The red dildos (meaning bulls are fucked) I was talking about. I left space for future ones. ;D

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=180&i=Daily&c=1&s=2014-06-01&e=2014-10-30&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=RSI&i2=MACD&i3=MFI&i4=StochRSI&v=1&cv=0&ps=0&l=0&p=0&