Bitcoin Forum

3D MACD is solidly green. 1W MACD about to go green. The price is slowly climbing.

There has been a marked drop in volatility and bear raids are now doing little as follow-through selling seems to have dropped off.

Unintelligent newbie troll threads are proliferating giving the forum a supposed bearish appearance. They must be getting desperate :)

It looks like we will be moving heavily in one direction soon. In such a thin market anything is possible but if the giant wedge I have drawn comes true then we can only move sideways for another three weeks before the price is likely to breakout into the 400's or break down and retest the lows. If it breaks higher then bulls will come out of hibernation and things could move very quickly. Or we continue to accumulate!

cristal ball says: Sideways for a little longer.
Rise much later ... maybe a little but no moon-bogus-shit like november should be expected this time. More a little correction up but still below the 1000$ mark to reevaluate from there.

So i call: stagnation for weeks up to months - maybe even 1 year is possible (not likely) ... then some correction up to between 600 and 800 to see from there. In case everything's well up there maybe it'll be fun again trading crypto  ;)

But right now i would only expect stagnation

As long as some whales can move this tiny market, they will. Volatility = profit for them. Stability in the short term is wishful thinking.

I just keep watching that 3D EMA waiting for it to crossover.

LOL at the BTC-e BTC100 and BTC169 wall on BTC-e trying to keep the price down.
Bears are trying to stop bitcoin from going to-da-moon :D

the REALLY big deal for Bitcoin in the past several months has been the tx volume increase.  prior to that, there was a real question regarding widespread adoption.  this increase bodes well for Bitcoins future.  it cannot be interpreted in any other way.

and before the bears scream about intra-wallet tx's as being fake volume, i must remind you that those still have to pay miner fees thus boosting the overall mining economy and revenue.  this is actually why it's important to keep all tx's on the main blockchain as opposed to offramping them to SC's.

We're not gonna start another debate here but this is plainly false. SC are in fact an opportunity to preserve miners tx fees revenues that could otherwise migrate to off-chain schemes.

These walls can keep the price lower on BTC-E, but the same walls would vanish instantly at Bitstamp.

But at this point there are no indications for an upwards movement.

This is going to be epic.

I'm still buying on every dip.

Since capitulation in early October: 2 on Oct4, 3 on Oct6, 3 on Nov4, 3 on Nov21, 2 on Dec4.

Slow and steady wins the race.

+1

You sure are.  The workings of teh Tadalafil-engorged mind ::)


Kids, NOT EVEN ONCE!

If you draw a fancy line down from the very top of the 1k candle.....

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

You guys are idiots... How will you feel when we test $300 again???
Everyone speculates a correction up wtf we need a correction back down... It's what makes sense. We will return to the mean. You can deny it all you want!

We might see some end of year pump, maybe to 600 again, but it won't be sustainable  until we reach the last year's volumes again.


Without the help of fake coins, I would prefer

I'm skeptical of the increased TX volume.  I think we owe a large part of that growth to the increasing number, and use of coin mixers.  Further, I'd also suspect that the proliferation of cloud mining has also added to the number of transactions.

I also think there will be a so called rally, but at this point there is too much selling pressure.

We might see $500 for a very short time, but I guess miners will use that price level to cash out some of their coins.

You are not alone ...

http://www.coindesk.com/questions-linger-daily-bitcoin-transactions-pass-100000-milestone/ (http://www.coindesk.com/questions-linger-daily-bitcoin-transactions-pass-100000-milestone/)

 :-\

On the other hand, the number of 'off chain services' with off chain transactions grew greatly as well.

Interesting bit about OP_Return spam  in there too. 

Permabulls were "right" again, there was coiling, but for the other direction. However, the epic part is yet to come, this is just the prelude. :D

We hit 345 today... Even with a few expected dead cat bounces, we will test near 300 same as we will test 400 again maybe next week or so