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Once serious money flows into or out of the market prices will move strongly. forget about those mini buy or sell "walls"
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Thats how I see it as well...
+1 to Blitzboom
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Thanks for the in-depth comments. I like the discussion.
Regarding MACD and RSI divergences, the view follows standard technical analysis practices: if price make new lows but MACD (or RSI) not, this is a divergence.
Of course, this is not the only tool and indicator. It may well be that prices do not "follow" the divergence. At the same time, as long as
i) prices do not make a new low and
ii) MACD and RSI do not break their trend of higher highs and lower lows
there is a good chance that bitcoin prices will move higher quite soon.
Even more more new low is allowed under this long term trend interpretation and lead to a massive upswing.
And, as the bitcoin prices are coiling into a very narrow range, the following break out or breakdown (alternate scenario) will be massive and many will not believe it.
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One question: Would you pay with bitcoins if prices and selection is similar to Amazon?
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i think its coming; very, very soon.
cypher, what do you mean with "its coming?". the further gold decline? If so, i agree 100% |
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Typischweise ist der Kursverlauf der "leading indicator", nicht umgekehrt, d.h. der Preis steigt BEVOR News rauskommen, da einige immer einen Informationsvorsprung haben.
Absolut richtig. Was anderes aber: Zu Ihnen möchte ich sagen das Sie sich Ihre Neutralität nehmen wenn Sie den Punkt/Bereich des langfristigen Aufwärtstrends immer wieder nach unten anpassen. Sicher, man kann den langfristigen Aufwärtstrend immer weiter vorne beginnen lassen um ihn so hinten zu senken, aber die letzten Wochen ist das ganze schon sehr auffällig. Zeit sollte doch bewirken das der Bereich der Heute zb. bei 3.6 -3.8 läuft in 2 Wochen bei 3.9 - 4.1 sein muss.
ich bin guter dinge dass die trendlinien analyse sehr gut passt, und immer noch ueberzeugt dass die linie nicht begrochen ist. denn wenn die linie bricht, dann wird dies im chart sehr sehr gut zu sehen sein, denn dann gehts scharf nach sueden.
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btcguild seemed to have been under attack, is it related?
https://mining.bitcoin.cz is down as well something is up for sure I would say. bad for mining, maybe good for bitcoin prices when supply shrinks... |
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I am willing to donate 10 BTC to enable you going there
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exactly.
And this is why one should look at other tools like indicators, volume, elliott waves, etc - and not only the price.
In any case, we will wait and see who is right: You: Then we should not see a strong rise beyond 10 $, or me: then we should see new all time highs in the next 12 months.
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How much would your travel cost?
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or.. you miss the train and need to pay a much higher price to catch up...
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You can always find example that fits your bias. One way is to take the Nasdaq and say that the run up to 2000 was a bubble (and I tend to agree that it will not recover to new highs in the next 4-7 years)
Another way is to take the SMI (swiss stock index, and you can find many other examples). This index made strong new highs after what was no "bubble", just a big correction. I think BTC is more like the SMI and even stronger longterm.
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I personally believe establishing a link between BTC and the OWS Movement in people's minds will be pivotal in widespread acceptance of Bitcoin.
Agree 100% with you. This is a big opportunity for bitcoins. If fits very well. At least well enough that it has a strong likelihood to catch a big wave. |
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Current trendlines would indicate that 'another couple years' may not be an option. Right now is an important time for bitcoin. I hope it is the THIRD (sorry I had a typo) wave that S3052 mentioned.
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The strength and speed of the next rally will show us whether we will be in a strong 3rd wave up or a fifth, terminal wave.
If it will be a THIRD (edit, was a typo before) wave, you will likely see a new high reached even faster than the move from 1$ to 32$.
If it is a fifth wave, it can be very slow, taking up to 6-12 months.
Near term, it seems that some news flow and the OWS movement leads to many new bitcoin users / investors. I see that on my twitter followers which jumped to records in the past few days, much more growth than the past months before.
This is not fully reflected in the Bitcoin price as it will take some time for new people to get funds into the exchanges.
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No I do not follow him (yet). Let me find out more about him. Thanks for the suggestion. I know Robert Prechter well (not personally, but read all his books which helped me to predict the stock market declines and commodity declines over the past 5 years)
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