Bitcoin Forum

Hard to judge.

Massive sell off this last few days, sharp rebound from below $200 and now a steady climb in price.

Looks like a bull trap to me, the calm before the storm....or maybe people falling for the rumours on twatter.

Maybe it's genuine though, and we're going to get a steady recovery followed by another bubble now?

There are so many "Bull Market" threads it might just turn the market sentiment around, nothing surprises me anymore. The fact that people want a bull market so bad that it might just turn into that. It would be good, though I don't know if it would be sustainable for much long

Last three days could have been monumental bear trap.

Also, traders be traders, they might have got out early, but there could be half a billion dollars sitting on exchanges just waiting to buy back. There's always chance a steep rally from nowhere can falter, just because nobody can get in quick enough, but when there's been a shakeout and there's funds just sitting there it's a different story.

Doesn't look like a bull to me cause it could be price market  correction. So I would be wary on this one.

guaranteed bulltrap in my humble opinion

Last chance for cheap coins.
Don't miss this opportunity.
Make a decision for once in your lives.
Buy people.

Is tomorrow a "selloff friday" or a "buy in friday" ?

I should mark up a chart with fridays, either seems people want extra fiat for party weekends or dump their paycheck into coin.

I'm afraid the price is unpredictable, it's like a roller coaster but with undefined rails.

true.  but it has been going down since the beginning of last year.  although one should be ready and adapt to what the market's doing, one has to be careful also.

here's a one year chart.

https://i.imgur.com/1TtlSB0l.jpg

Genuine rise to maybe low 300s, then small drop to maybe 300/mid 200s, then huge increase to 500 after the btc conferences, and during Superbowl weekend. 
I base that off absolutely nothing, no need to pretend I can tell the world from a chart like everyone else :)

Oh wait a minute.....

Popped already?

http://i60.tinypic.com/30l1kko.png

exactly...  whatever anyone says, the market will do what it'll do.  even market experts make mistakes.

buy, sell or whatever, just keep losses small.

https://i.imgur.com/1TtlSB0l.jpg

mistakes?  Experts in trading are right about 60% of the time.   No one knows what the market will do.

This is even more true when you take into account hacks, those are "unpredictable".

so they're wrong 40% of the time?  wow.  i thought they're right at like 75% - 80% of the time.  

or maybe the goxxed 800k suddenly appearing and sold in the market. 

Yeah, and reading posts in this forum is of no help. Entertaining, maybe.

Blurted unfortunately. The rise looks like a standard corrective move upwards (as an A-B-C).

Hopefully the drop that will follow will be the last one and shouldn't go that much lower than the previous low of $150. I'm guessing $130, but that's pure speculation.

I think I agree with the people who are suggesting this is the bouncing period and we will see a little lower in the next few days.

I'm thinking the same. Possibly flash under $100 on some exchanges.

Trading is a zero sum game... Wouldn't be possible for majority of pro traders to be right 80% of the time,
as they are all trying to take money from each other.  This is why trading is so difficult: you are trying
to take money away from very smart people.   

It is easier with bitcoin.
You try to take away money from dumb people.
Stocks are harder to trade.

You know those coins don't exist, right?

what if i tell you that the 1k price, was a dead cat bounce too?

And the next spike of $8K will be dead cat bounce too :)

As Warren Buffet already confirmed, bitcoin is a poison that makes dead cats zombies so they keep bouncing eternally

Bllue tarp!!!!

Exactly, it's hard to judge. I don't know, I gotta say the volume on Jan 14th was finally high enough to justify a real bottom, but it's nothing definite, that's for sure. I think we'll be wiser in a couple weeks.

What it looks like right now, is rebuilding a $200 support level, will probably saunter downward and tamp it down a few times before wandering off upward again...

Everybody now,

I love to go a wandering along the mountain track....

>bitcoin
>genuine rise in price

Oh_you.gif

I'm usually wrong, so I'll call it a bulltrap. I really think that it is one, but not a big one.