Bitcoin Forum

http://s003.radikal.ru/i202/1512/1f/f056c8041d0f.jpg

Looks like there's a dump coming. My guess is it will start cashing at the double top (4-5 days until it happens). What do you guys think?

Stupid ass TA

Where will the dump came from?

Didn't you know that when sudden dump came many will attempt to buy that's why still it can't get the price much down?

I don't think there will be a double top - sure there will be a lot of resistance - but people are expecting that. Last time 500 was a really crazy target so when it started dropping it could not find bottom - now traders are more accustomed to thinking that it might in fact get back to 1000 and above.

 ;) - just speculating

So many people fall flat on their faces trying to understand shit they're not capable of.

TA = a load of crap mostly unless you really know what to look for, anybody can draw squiggly lines on a graph & say where they thing the price will swing. Very often people lose a shit load of money doing this.

There you go mate. Last rally there's really no bottom. Last resistance found was around $280-300 before jumping to $500 thats why when sudden price down it ends at the last resistance build. Today was different. It stays for 320 , 350 , 380 , 400 and now at 436 and not do a sudden price pump which is a good sign for establishing support.

Seems more likely we'll see another parabolic rise to 6-700 then settle back down somewhere above 500

I have this feeling that this time, is going to be a lot different than the last pump and burst. It's not that sudden spike, it's more of a gradual one which is really good, meaning the reason behind the rise in value is not proportional to external causes this time so I don't expect a big decrease in value.

That was the best thing to happen. Imagine a new floor at 500. Im much excited in this than reaching price at $1000 because it will take time before it happens.

It is quit steep for a gradual rise... Price is about to grow like it did when leaving the mid 200 stages. 10-20 USD a day, small retraces and than slowly escalating to a huge spike.

When I look at a chart I see a record of what has happened, not a record of what will happen. I wish I could know the future. My guess is that there is more growth before an inevitable market correction.

Double top is an extremely strong pattern you shouldn't ignore it.

This time it's different, huh? Bubbles burst. They always do. Doesn't matter that it's a more gradual spike. Eventually there is nothing resonable for price to grow further.

You should also understard that no one is interested in buying bitcoin anymore. This pump is doomed.

Oh man you're gonna get burned so hard

No one can tell anyone what's gonna happen. It's all too strange and rapidly developing. I do find it a little odd how quickly people glue the world 'bubble' to any rise whatsoever. If this was a bubble I think sentiment would be rather more radical.

yeah, i'm in agreement with this it's my exact thinking, they are playing the market in wave, that increase the price further each time, with everytime a correction, to sustain the previous value

i don't know if there is a term for this in the TA bibble...oh found it, it looks like an elliott wave

Tea cup pattern says your shorts are going to sink you HARD... good luck.. don't jump off a bridge in a few months.

It's gonna end quicker than I thought. It blows off tonight.

Agree. Why every rise need to be a bubble? Is this some kind of rule?
I don't believe in decreasing in price, at least not some big one. Why we dont just relax and enjoy in this rise, and to hope that never will fall again.

All I see it's two months of upward pressure that doesn't cease to exist! Now maybe we are not looking the same charts here!

You got that right, but you try telling all the techies here.  Honestly, I'd love to know how much money the technical analysis devotees on this forum have made as a result of being able to predict the price of bitcoin.  I say it can't be done.

Im thinking no bubble just normal rising, Saying that i wont be surprised if there is a massive dump.

Maybe it can't be done but I'm quietly pleased with when I accumulated more bitcoin

As Bubble Boy Alan Greenspan correctly noted, a bubble can only be discerned in retrospect.

Is gold in a bubble?  It's up significantly from its early-00s lows.

Newsflash, TC.  EVERYTHING is a local bubble, it just depends on your scope.

Burst has begun!

Just a little shake off.

Agreed, can't be done.

Are you suggesting the rally is doomed by -Greed- ?   :P
If "no one is interested in buying bitcoin anymore", then how did the price get above $450 a few hours ago?

It was just a minor retrace.  :P
Brace yourself for the next push upwards. The next target will be $500+ (hopefully sometime in 2015 itself)

Looks like the bubble may have already started to pop.

 There has been NO positive news for Bitcoin since the announcement about the Chinese exchanges being able to take Fiat currency directly, which makes it seem very likely that most of the price movements since then have been about Chinese traders getting to play with Bitcoin easily again.


 I'm still looking for $300 sometime, not sure if it will get there before the end of the year though.

someone may have just cashed out , may not be a proper dump. Its the weekend so trading will probably be slow anyways.

OP was somewhat correct with his prediction. He have indicated dump after crossing 450 in chart and same thing happen at today morning price crashes to around 400. I don't know how he predict this but i may follow him in his next prediction.  :)

When does it stop being a rally and start to become a bubble? I'm interested to know the difference.

That was awesome.

http://s017.radikal.ru/i410/1512/1b/98083add0662.jpg

Just before it hit $500 as proven yesterday.

just voted for a double top event. This current price rise was too fast and too close to the recent top. I am simply not convinced we have enough steam left. I expect we go back to $350 before the year end.

The bubble is already gone and we are heading into the depths of hell (not yet) down. I guess price will touch $370 within 4-6 days.

lol quoted for reference.   I'll stop back in 6 days and we'll see if you're correct.