Hi Afrikoin..
Yes, I have.. I've been a member here since mid '13.. this is one of my favourite threads. I'm not sure how long following.. a year or more maybe?
Keep up the good work!
The bigger picture is looking more and more positive.
One other point i wanted to make was.. depending on how you draw triangles (which asscending trendline you chose) on this current phase of the chart, we could be completing this large triangle either by next March or next June.
Wouldn't it be just wonderfully serrendipitous if SegWit got locked in around the end of either triangle? (for date, i say end Feb-beginning March or the other bigger triangle June or so)
Thanks! You must be one of the many lurkers on here  Im not sure about SegWit, see this article https://medium.com/@michaelkimani/how-will-segwit-affect-the-price-of-bitcoin-b58d7c29cd9a#.4ff5pet7oI am looking athe market until we hit a top, then will evaluate based on sentiment at the top. At the back of my mind, i am expecting *some big event* to rear its head when we hit the top (whatever top that is $870, $900, $1163, $1200, $1300) There is aone large triangle i a watching, that could step in and send us low once we hit the top. But like i said, this is one idea i have (of many) of how this could play out next 1 year. Here is the large triangle i refer to, probably similar to the triangle from June this year. So a mega wave 4 (in elliott wave) Still, i am open to all the other wild bull mega cycle forecasts. Just trying to keep an open mind. Hmppm.. I'm not really sure I agree with him on SegWit.. I think we should see a sell off if we do gt above ~$1100 or so.. because that would just be normal. I don't think it would necessarily have much to do with SegWit (although that won't stop people claiming that) SegWit will lead to investor confidence. It will lead to more transactions.. and possible LN (waaaaay more transactions) and these things will lead to investor confidence. This will see highs broken. So I expect a finishing off of our current triangle to last until late Feb-Mar (or even June!) and then new ATH soon after. |
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Hi Afrikoin..
Yes, I have.. I've been a member here since mid '13.. this is one of my favourite threads. I'm not sure how long following.. a year or more maybe?
Keep up the good work!
The bigger picture is looking more and more positive.
One other point i wanted to make was.. depending on how you draw triangles (which asscending trendline you chose) on this current phase of the chart, we could be completing this large triangle either by next March or next June.
Wouldn't it be just wonderfully serrendipitous if SegWit got locked in around the end of either triangle? (for date, i say end Feb-beginning March or the other bigger triangle June or so)
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While typing this, Huobi just broke the resistance line in this triangle. OKCoin already had..
If you draw this triangle on their 4H charts, you'll see what i mean.
Although it was a weak attempt and has actually fallen back. I think we need to see over 5350 for confirmation.
~$760 on Finex and Stamp
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I've just been reading up on this.. and i think the authour has got two chart patterns mixed up into one. There is a rising wedge pattern (bearish) and a rising triangle pattern (bullish) and they are two different things that look a bit similar. What I'm seeing in this chart is a rising wedge pattern, which would be bearish. But it doesn't end there! This applies just to the US$ exchanges.. Finex and Stamp.. When we look to China, Huobi shows an (almost perfect) symetric triangle.. which is also bullish. "The resolution of a symmetric triangle is much less predictable however it is usually considered a "consolidation pattern" means that it will break in the direction of the trend that was in effect before the pattern appeared." - stockcharts.com https://stockcharts.com/articles/chartwatchers/2015/09/ascending-triangle-bullish-or-ascending-wedge-very-not-bullish.htmlOKCoin shows a similar symetric triangle but this has already broken to the UpsideChina is leading.. as per usual and the west is following, in what seems like spurts. A little leg up.. indescision.. wait, watch China..move up again... imo, the whole market is watching China and reacting. Then we have the fundamentals mentioned in the posted article (bitcoinaverage) ..India, China, SegWit, capital controls etc. Overall the picture is bullish, if you take your queues from China. I see what you mean. I try to be conscious of my bias. SO i had thought about both the bullish and bearish case below I still think the trend is up, and even if we take a dip (to as low as $650, its a dip before more up. See; What's the Difference Between an Ascending Wedge and an Ascending Triangle? https://stockcharts.com/articles/decisionpoint/2015/04/whats-the-difference-between-an-ascending-wedge-and-an-ascending-triangle.html(images snipped) Yes, and I agree (i've read that article too!). Either we just go up to next resistance from here or one more leg down to support level (around $650 like you say) before moving up. This would be the extreme scenarion. I don't think it will/would drop that much. 700 looks to be good support. And if it does drop there 700-720.. then it would be a great entry point as a move up would be very very likely to follow. |
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I've just been reading up on this.. and i think the authour has got two chart patterns mixed up into one. There is a rising wedge pattern (bearish) and a rising triangle pattern (bullish) and they are two different things that look a bit similar. What I'm seeing in this chart is a rising wedge pattern, which would be bearish. But it doesn't end there! This applies just to the US$ exchanges.. Finex and Stamp.. When we look to China, Huobi shows an (almost perfect) symetric triangle.. which is also bullish. "The resolution of a symmetric triangle is much less predictable however it is usually considered a "consolidation pattern" means that it will break in the direction of the trend that was in effect before the pattern appeared." - stockcharts.com https://stockcharts.com/articles/chartwatchers/2015/09/ascending-triangle-bullish-or-ascending-wedge-very-not-bullish.htmlOKCoin shows a similar symetric triangle but this has already broken to the UpsideChina is leading.. as per usual and the west is following, in what seems like spurts. A little leg up.. indescision.. wait, watch China..move up again... imo, the whole market is watching China and reacting. Then we have the fundamentals mentioned in the posted article (bitcoinaverage) ..India, China, SegWit, capital controls etc. Overall the picture is bullish, if you take your queues from China. |
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We're gonna need a bigger chart. - Captain Quint.
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I have to sell some of my btc by the end of the month. Should I sell now or try and see if it goes higher??  If it goes up or down 100$ in the meantime, would it matter to you? If so, you should not be in Bitcoin to begin with. If not, it does not matter when you sell. Ok Sherriff... you tell people who and who cannot use the blockchain.. |
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That's not good. Because it's the ''course'' of the bitcoin doesn't mean that can put limits on it  It's unfair for everyone. I don't agree with that What does this even mean? Can you re-phrase that please? What is unfair? |
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I think it means it's from Bloomberg. (Bloomberg Group)
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No real pullback until 5000 / 737.. ish..
Then reset some indicators and continue on. $780 target - then 850..
I'd be happy to consolidate there for a while.. 1-2 months.. then steam on in Jan-Feb..
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Could this be like November 2013 again?  I posted something similar a few days ago. In short, it looks similar enough to me. |
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I wouldn't discount it...
I'm not going to bother going through all the trouble of posting my voodoo charts with strange lines and such...
But zoom out and looking at the bigger picture.. timeframe fit's nicely. Happy christmas.
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Are we repeating 2013?
Does the June rise look fractally similar to April 2013? (also the course of the chart since that high look similar to me)
Have we got 2-3 months before real fireworks?
I think the chances of this are high. Load up as much as you can.
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Bitcoin is no longer the roller coaster is once was.
What I find strange is how the entire roller coaster has transferred wholesale to alts. It's not as if Bitcoin now has global adoption and lords over everything. It has more than the alts but it's still in the same boat and effectively nowhere. In the eyes of the rest of the world it's just as penny stockish as anything else yet doesn't have the corresponding action. Disagree. It is the only crypto worth having. Everything else is measured against it. Why do peole even play alts? To increase their BTC. First mover advantage, network effect. It sits at the very centre of the crypto currency world and everything else revolves around it. It is THE medium of account in crypto. In the eyes of the rest of the world...nothing. Not important.. I don't care about their eyes or where they are looking. It's totally unimportant. Effectivley nowhere.. well it has come an incredibly long way already.. but i 'll give you that one. It is effectively nowhere.. but it is best positioned to benifit, esp. when compared to other alts. Capital will flow into it. Guaranteed. I'm not even going to try and predict how much etc. but it is a certainty to happen. Once the intransigence with blocksize is taken care of.. we'll see correspondig action. |
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Chart looks (to me!) like big pattern til Nov-Jan time-frame before big breakout.
Stay in range 650-750 until then. Possible dips below this channel.
The longer it stays in a tight range..(so, stays in the triangle) the bigger the eventual breakout will be.
The triangle from Nov '15 - Apr '16 could be repeated at this level ~650 range. This would give us til Nov-Jan like i said above.
Or it could happen any minute, who knows?!
If Nov-Jan target is right... just keep buying what you can afford every week..10,20,50, 150..whatever. If I'm right about the range.. you won't see too much slippage just market buying on a weekly basis. 15-20 weeks IMO.
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I don't pump shit coins. I just thought it'd be nice to watch another one crash and burn together. You know, quality time.
hahaha.. pumping bitcoin, me? all i'm saying is -big triangle til nov-dec-jan - that's clear to see looking at the charts.. (OK: Get your tin-foil hat on: also fits in with Nov US elections + inauguration time-frame..) Anything else,? Aliens? we're filling in that triangle til nov-dec.. plenty of time to buy... buy small amounts weekly no matter what..10-20-50-60 $ a week every week. and if you can afford it, if you got extra, under 650 is still good long term.. but cheapest i see it going is 550-580.. you might get lucky, you might not (price won't stay there long!). 600-650 is a good range. This is my advice. |
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Prediction. We bounce around 650-750,770,780 range til Nov-Jan..then stratosphere.
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We either moon now or in December.
I say we stay in range 650-750 til DecNovember then MOON..
That is what my random lines on a chart is telling me.
IF Dec(Nov) then good.. big triangle ends then. Basically we do a fractal of Jan-May..then big breakout.
A nice long consolidation..buy weekly and dips.
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yes please give your ideas and make comments but please be realistic
i hope 1 week before halving .
No. You be realistic.. |
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