Bitcoin Forum

The price has been boucing off the 38.2% Fibonacci retracement line of 297.50 the entire morning with building money flow and OBV.  Watch for it to explode in the next hour or so..... 8)

Too much time in the 290 range, I fear for a dump instead.
And more than 1 hour has passed

$296.61 is the price that I'm seeing. What if it go straight south? Not pessimistic, just being realistic.

It has been more than 300 us dollar one bitoin e few time ago and didn't exploded. Calm down my friend. No one will know how will go this price. Everyone hope that will go high but who knows?

Go ahead bitcoin! We all expect that you go high and more high! What can we do that this can be true? To tell the truth nothing. So the only way is to wait and to see. Maybe will go again 1200 us dollar one like the time of glory....

38.2% Fib retracement is showing to be major resistance but the money flow is still building.  This thing should pop.  Definitely taking longer than I thought though  lol

What is this 38.2% Fibonacci retracement of which you speak? Sounds interesting do you have source material?

Do you have a technical analysis site you use to track the trends?

The great thing about applying technical analysis to bitcoin trading is that the trading is 24 hours a day. That gives us a lot more data to use for the trend, the stochastic, the week and monthly trending, etc. It's possible that some new trending behaviours may come about due to the extensive data available.

Are you creating your Fibonacci analysis on your own? If not, what site are you using?

Bitcoin has proved many times that TA indicators doesn't have to predict the future with the certainty many people expect.
Judging by the fact that we we're in ~200 range for a long time, and that round 300 is sort of a psychological price, i expect we will sooner see
retracement back than to see price stabile at > 300,atleast not for few months, but that's just my opinion.

cheers

ramp up ... in progress, rocket ready ?

http://imagizer.imageshack.us/a/img538/1803/FoRGso.jpg




http://imagizer.imageshack.us/a/img538/227/OMO4Na.gif

http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=date&tz=Etc%2FGMT-2
I wouldn't bet too much on the hype or bubble. Isn't it better to build up resistance on this level anyways, before advancing further?

cheers

we are testing the 300 dollars value soo it there is enought support we will keep mooving forward and above otherwise we will back to our last value on 270/285 dollars soo dont think with any indicator bitcoin can drop from one moment to other as raise. .

the price has been hanging just a few bucks below the $300 level. looks like no one yet is willing to give bitcoin the push to go over $300 and potentially trigger a small rally.

We've touched $300 in March and came back down to $220. This time hopefully will be different. Prices rose to $310 middle of this month and we did not trace down, but stayed above $275! May be it will be 3rd time lucky, $350 may be?  :)

...

I was NEVER able to predict future prices (short term) of anything.  Not Bitcoin, not stocks or options, not gold.

That's why I don't trade.  Some people can trade, others not.

If you see me make a speculation recommendation, you wold do better to take the OTHER SIDE OF THE TRADE!

I doubt that someone is able to do this ( to predict the price of bitcoin). To many try and someone find something but I think that the guy who find do this occasionally and not because there is some scientific analyse made.

So, not only your recommendations but the everyone recommendations, according to me, are useless and pure speculation and without any value.

Maybe there are instruments that help in reasoning in the field of prediction of prices but for bitcoin I'm afraid that are insufficient data to do such analysis. I haven't hear someone find the price with his prediction. If this could be true this guy would be already millionaire.

Its always going to be a speculation lol.

Last time I checked no one can read the future.. but making estimates but the TA - technical analysis on levels will never always be right all the time.

The TA for bitcoin is like things like PR if its like the greece incident, and western union shutting out services for them.

And it may not be the form you want, but thats only thing you can really go on.

Thats why predictor are different with oracle, they could be wrong too. And they dont read the future, but just study the factors that affected bitcoin price directly, like crisis in a country or changing rate of fiat.

We have unfortunately not seen this supposed explosion, you can predict again if you think you may get closer this time? I don't think we are going anywhere much over 290's for the next few months, same as the previous few months. Being controlled would be an understatement.

well the rise to over $310 this month was due to greece. currently there is no reason of why the price should go over $300. and it shows as it is pushed down again.

I don't believe in price prediction for such an instable currency as Bitcoin, it's too early and too many things must happen month by month.
But exactly for that that your "there is no reason" is wrong.
Greece is not the only country drowning in shit.
Take Argentina in example.

we aren't touching 300 aren't we? if we can't touch that damn 300 and tarrying above it, i'll not believe in this pump, it could be a dead cat bounce for trap suckers inside it, for all we know


i don't think so, the price of bitcoin seems to vary on its own unrelated with something like Greece's crisis, it has to do with how the other stocks markets behave

I think the rate will increase as soon as posible
But if the rate is going straight down out of the blue.. I'm the one that will be frustated

Until we see a rise of $100 in one day there will be no explosion.  The shorters have to get brutally slaughtered for this to happen.. it will happen however.

No explosion? Waiting?


The price has had a good increase of almost 50 or so dollars (roughly). I'd like to say it's because of the Greece crisis. I feel like that was thrown around as being the straw that ended fiat currencies. But Greece is finding its way to recovery slowly but surely. No doubt in mind the price will increase though. Just not as explosive as you suggest.

We are not taking a quick correction and already at 289 in Coinjar. I don't fear dumps since im long term but of course it's always tempting to sell a bit and try to short it, even tho im not gonna risk it only to find out tomorrow we are at something like 320 or a price along the lines with a stable consolidation of price above 300.

That's exactly my thinking, watching at the price right now, it feels that only one person or one good buy or sell can make this thing go very South or very North. Now which way it will be, I don't know and that's why it's the best to stay out of it and wait for clear signals where this is headed.

No it's not!
Just wait for the next halving in one year.

I wouldnt rely on greece too much. Unless western union still close their doors for business and people still cant get funds moved.

Then yeah, but greece is generally the influence in price right now outside from the typical whale manipulation, etc.

Ah, yes. The mythical halving. Back in December of 2013 we did not have anything like that yet bitcoin price skyrocketed to $1000+.
Halving can bring bitcoin rise of bitcoin price but we could reach it faster and without it, people are just being skeptical about bitcoin success and exaggerate every bitcoin flaw.

on that time were new investors coming into the game of land of opportunity most of them enter and now are just watching it recover slowly value,is hard to predit where it can goes but i guess is almost impossible to back to 100 dollars as some are hoping for a down.

Halving solves everything... Come on.. Still more Than half of total coins Will be distributed by then. Impact Will be minor..

Let's be really honest, you think a lot of people will buy in when bitcoin goes down to 100$? A man who invested at 1000$ sees his investment reduce to 10% of what it was initially, its really shattering. Yes, it might boost up or whatever but I don't really think I would trust bitcoin if it hits such a low again, that would indicate there are problems in the market which people have no control over, and no solution either.

there will surely be impact though we dont know if it will be positive and rise the price or negative for example if people who have a lot of it will start dumping coins on the buyers who are ready to buy for bigger price and the price will be the same again or even lower

look in the past :

2009 : 0
2010 : 0
2011 : 1 USD
2012 : 10 USD
2013 : 100 USD (pop at 150)
2014 : 200 USD (pop at 1200)
2015 : 300 USD (pop ?)


http://imagizer.imageshack.us/a/img673/2303/GRNIzo.gif

Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

5 years is a long time, you think the price of bitcoin will not exceed 1200 for the  next 5 years? So for the next 1826 days you can guarantee that the price will be less than that? dude, the world is a crazy place and a lot of crazy things happen everyday.Nobody expected a coin worth a few cents to hit 1200 dollars. So I don't find the harm in assuming that there are chances of bitcoin being a few thousand dollars by the end of this decade.

what are you talking about? there will definitely be an explode before or after halving i believe it might rise to at least 600 dollars each what will mean that bitcoin will be more popular again

I am behind my word.

That 1200$ jump was an anomaly. It was a scam made by Gox. I say if another company that big like Gox do it again, yes it may rise to 1200$ again for a short time. If not, btc will rise 100$ in every  year. Not more.

the halving will ensure the average price to increase if demand will not fall for any other random reason, but you can not rely on it for everything, if the demand isn't there

what will really make the price skyrocket next year, is not the halving itself, but more the hype around it, as usual...

Is there any underlying reason for price to explode eg extra demand?

True... The price rise will probably happen before the halving. People will start buying bitcoins in the build up to the halving, thinking the price will increase after it.