|
Title: How do you see the big picture with Bitcoin prices? Post by: Pipdips on July 31, 2019, 03:43:13 PM My opinion is that in the long term (the past 5 years) it looks Bitcoin is in a Secular Bull Market that is slowly trending upwards. In the past short term (the past few weeks) it looks like Bitcoin is in a volatile bearish and/or volatile sideways market.
Any thoughts? Title: Re: How do you see the big picture with Bitcoin prices? Post by: carlfebz2 on July 31, 2019, 06:36:18 PM My opinion is that in the long term (the past 5 years) it looks Bitcoin is in a Secular Bull Market that is slowly trending upwards. In the past short term (the past few weeks) it looks like Bitcoin is in a volatile bearish and/or volatile sideways market. Move this on speculation or trading discussion,this topic would fit out into that place.For those who don't know about secular then have a read on here https://www.investopedia.com/terms/s/secular.asp .Into the question about either bearish or sideways,for now we are moving sideways and this day we have seen some small bump into the price and hits up 5 digit price once again.We don't know on when till it can hold up or would plan to break out that 14k barrier.Any thoughts? Title: Re: How do you see the big picture with Bitcoin prices? Post by: Pipdips on July 31, 2019, 07:28:16 PM The big picture of the Bitcoin market is not speculation! Looking at the big picture is looking back into the past, not the future.
Title: Re: How do you see the big picture with Bitcoin prices? Post by: buwaytress on August 02, 2019, 02:29:16 PM My opinion is that in the long term (the past 5 years) it looks Bitcoin is in a Secular Bull Market that is slowly trending upwards. In the past short term (the past few weeks) it looks like Bitcoin is in a volatile bearish and/or volatile sideways market. Any thoughts? Secular, you got that right. Slowly trending, not sure which 5-year chart you're looking at cause every chart I've ever looked at for more than 5 years shows anything but a slow trend. Volatile in the past few weeks yes, but relatively very low compared to past periods. Try and keep that 4-week timeframe and pull the timeline back to 2017. The big picture's really easy. Set a target years from now, or set a target for 6 digits US dollar valuation. Bet with your friends which one reaches first;) Title: Re: How do you see the big picture with Bitcoin prices? Post by: Pipdips on August 03, 2019, 02:07:42 AM Secular, you got that right. Slowly trending, not sure which 5-year chart you're looking at cause every chart I've ever looked at for more than 5 years shows anything but a slow trend. Volatile in the past few weeks yes, but relatively very low compared to past periods. Try and keep that 4-week timeframe and pull the timeline back to 2017. The big picture's really easy. Set a target years from now, or set a target for 6 digits US dollar valuation. Bet with your friends which one reaches first;) I go to the 1 week candle chart, then on the right side bar with prices I shrink that down so that no candles are visible but only little pips. I shrink the price bar down enough so that the parabolas disappear and it just shows a slow upward trend from like $500 up to where we are at now around $10,000. Doing this with the price bar takes all the excitement out of looking at the Bitcoin chart but it shows clearly how the price is in fact on a steady incline. If you look at in that style of chart I described, the long term price of Bitcoin is not volatile at all - it is actually very stable on the longer term. Bitcoin is only volatile day to day, hour to hour, minute to minute. |