Bitcoin Forum

Been floating around $260, we just hit $268 - are we on a breakout??    8)

Nice. We got a little jump going there. I don't know if it will continue, would be nice ... but I'm not really convinced.

Yh, too early too tell - some folks hedging to $269 on Finex I noticed.

Looks like it's sort of correcting atm

It's something, but honestly there was such low volume and not much on the books - it didn't take much to make it go up.

Better than down, though!!

Cheers for checking the orderbooks bro. We all knew it would do something go high or go low  ::)

I would have to call breaching $273 as "something" - right now seems to be struggling at $264


Start of a recovery from Evo's exit??

I think it's been such a low volume weekend because nobody's sure what it's going to do. I'm still not sure even when we get a small pump or a small dump. Sometime's we go sideways for weeks.

Expect more sideways action in the days to come. Nothing has changed fundamentally, no need to get excited just because price added $10. We are not there yet.

We all been here with you bro : )  sideways, waiting to see what happens - always fun!

Looks like it's currently holding $269 so at least up $9/BTC for the day - think we need to see it go $285 to call this a correction?

We just hit $272 on Stamp  8)

Not much in the news;

A kid bitcoin early adopter has just been backed up by BoostVC   http://www.coindesk.com/boost-vc-bitcoin-bitproof-ownership/ (http://www.coindesk.com/boost-vc-bitcoin-bitproof-ownership/)

He has a great idea though!

There wasnt much news when we slipped down either, except those deep web coins that got stolen, but that never was a real threat imho.
The fact is that there is an increasing number of bitcoin related projects recently, and people are getting alot of money involved, its just a matter
of time when this will reflect on price, and with the halving getting closer ... i dont know, by some logic we are supposed to tank atleast ~15-20%

cheers

People excited for the end of the weekend/month, it's payday?  Or after the equinox eclipse they're sure the world isn't going to end?  Maybe a rally around the difficulty dropping.

this little jump confirms, that the drop, was just a pure trap, for little fish as usual, as expected

reverse dead cat bounce is incoming...i say

Any jump is a good sign that might indicate a possible breakout even though we need to observe a little bit longer to establish a positive trend. But nevertheless, in bitcoin anything is always possible and i hope finally we have seen the worse. probably right now the up trend will continue due to strong buying support.

jumps seem to be just warning signs to either buy or sell very soon. then wait it out, and get back in

Probably a small uptrend towards the weekend, then a correction in sunday followed by continued uptrend next week.

From CCN folks:

https://www.cryptocoinsnews.com/bitcoin-price-rocket-underwhelming-gaining-altitude/ (https://www.cryptocoinsnews.com/bitcoin-price-rocket-underwhelming-gaining-altitude/)



Also, I noticed some people getting excited over Nasdaq / Noble for BTC, I'm not convinced this will increase BTC index immediately, interesting nonetheless

Hacks and nothing more. I don't think there's anything to push the price up any further

Looks like we are in sort of a neutral zone, any news could push the price above 300 pretty easy right now.

Expect the sideways trend to last much longer. Next month or two should look similar. It is the moment when the faith of 'investors' is put under a real test. 

I just don't get why we weren't able to turn this thing into a bull market this time around.... On the other hand, I don't know how to trade this market. They bears are still strong, but are somewhat struggling.

Once you know what is the upper and the lower band of  a sideways channel you may trade it very nicely. It seems that we are now between $250-260 at the bottom and $290 at the top. Not a juicy gain, but if you like it, you may give it a go.

For me personally this is much too risky or exciting... I guess the risk/reward ratio is too hight, considering the possibility of a breakout of the channel - in either direction. Don't know if stops are enough for this :D

Ok, so we seem to be back to where we was (post Evolution)

$259 on Stamp

Why is everyone still looking at stamp for the price? I think Finex is the place to go, these days. Pro-traders also may go to Chinese sites and take the CNY price. I guess they like 4 digit-prices :D :D :D

For me it is well beyond my risk/reward ratio, but I am more of a long-term guy. It is a bit of hassle, but nailing two or three such moves, makes it worth a try, as long as your stomach is fine with that. Mine is not.

Yeah, exactly. If you believe in Bitcoin in the long term, it's much better to just hold on to your coins in a market like this. You can't concentrate on your work, friends or family otherwise, as well. This market is unpredictable right now!

That is very true and often downplayed here at this forum. I did some daily trading in the past and I feel much better since I quit it. Now I am fully to buy and hodl approach, using the dips to add to my position. It is the money I don't need tomorrow, or next month, so I can wait till it brings nice returns. And I am pretty positive about Bitcoin in the next 2-4 years.

True, long-term, we'll all do well


But right now, for us daily traders price has just dumped a bit more;

We're at $252.77 atm

So a bit of time has elapsed

So a bit of time has elapsed and seems to be doing the bouncing thing now @ $255

I'm not sure that we'll breach below $250??

$252 may have been short-term floor

Dudes - Price is dumping again!!

$245 on Stamp

well, that is the action all daily traders wanted, I don't understand the complaint!

Almost time to buy again!

You don't get why people don't want to use funny fantasy internet money? Okay...
There is a real life out there you know, with real problems and solutions that go far beyond the crazy utopian fantasies of a bunch of crazy nerds.

Nothing utopian about hoping to get filthy rich by hoarding BTCeanie BTCabies buying BTC & sitting on their asses.

i am watching the price carefully with my orders in place. :D now i only hope it goes more down to buy more

* Bitcoin USD value rises by $10 *

* Community goes nuts and suspects new ATH rally *

It is the same and the same over here. Seems people never learn that. A long, boring sideways trend will shake off many weak hands here.