As a promo i will post the last few bitmovements sent out to members
I was hoping to see low volume with a rising price. unfortunately thats not happening....
the market is spooked and no one wants to market buy like they use too.
we might go lower, but we are close to bottom.
as you can see we are starting to see
low movement, high volume candles, this is a good sign.
to recap: the bears took advantage of the bearish news coming from china, and sold like crazy, the market however was smart enough to buy all the coins ( mage volume, most of it on BTCChina, how ironic!). So sure bears are winning this battle, but they will lose the war.
so are you saying that high volume means that ppl arent certain about what to do. some are sellingm some are buying. which means the price shoudl stay around here if not go up right?
high volume low movement candles, means there is strong support for current price, obviously this is a good sign.
low volume rising price is even better ( this means supply is not able to satisfy demand )
side note:
someone just posted some clarification on the news from china on my thread.
tomorrow will be fun
Here I outline some support levels, and draw an arbitrary trendline. Its impossible for me to know where bitcoin will go in the future, all i can do is look at the limited information available and speculate!
I believe the run up is justified because I honestly believe the bitcoin user base is growing at a phenomenal rate. Bitcoin has recently made the front pages of major news papers around the world, and news articles discussing bitcoin are being published every second of everyday it seems. I dont expect the growth to stop anytime soon.
I believe its rocky trading right now, because poeple holding 10,000% profits are taking some profits off the table and getting rich because rich poeple are buying up all their coins.
this wont last long, and the rich poeple will win, sure in the next few weeks we could drop as low as 400$ but that's doesn't mean bitcoin won't ever go up again. I see Massive support on ever spike down, this leads me to believe that once this profit taking period is over, the market will rise again, probably at an even faster rate! and to a new level of Crazy.
I truly and honestly believe this. and so I cannot advise selling even if its look like you could possibly get some 10-30% by selling now and buying lower. I know from experience that selling high and buying low is MUCH harder than you would expect. The truth is A LOT of poeple selling expecting bitcoin to go WAY WAY lower then it actually will, and they don't really want to sell they want to get more bitcoin, their greed will have them on the side lines with a shit ton of money, waiting for what may never come, and when they see the error of their ways they will probably
panic and dump all that money back into bitcoin higher then they sold.
try to beat the market and the market will beat you!
BUY AND HOLD!
BUY AND HOLD!
BUY AND HOLD!
BUY AND HOLD!
I cannot stress this enough.
I'm not going to bother trying to explain why.... ( poeple sell coins sometimes... don't ask me why i do not understand why
)
but there a good chance bitcoin will drop in next week
but as always i recommend a HOLD!
no one can
predict the future price......
I'll be buying as it drops, because I have some "spare change"
to invest in bitcoin atm
i'm targeting 600$ as bottom. but i will nodoudt take advantage of ever drop in value as i still believe bitcoin is overall a MEGA BULL and i know full well that my 600$ target may or may not come. but thats what i'm shooting for!
my strategy will be to buy as it goes down start dollar cost averaging once my target is met.
honestly just HOLD your coins! ...there a good chance I'm wrong... and if you didnt sell your coins at 1000$+ its not worth the headache to try and sell now for what may be a 788$ bottom and we are just going up again.
Cheers!
i have NEVER been wrong, ask anyone.
Awesome service.
BitMovements always let's me know when the squiggly line is going up and down. AAA+ Service, without adamstgBit, I wouldn't be able to make money for my lord and master.
Hail Satan!
I don't really know what the price is going to do next, no one does. I throw up a chart draw a line or 2, and talk about the action and my current position...
SUBSCRIBE and enjoy!
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you might want to sell me your coins soon 
