Could we also consider kitchen/dish analysis? There is the cup&handle pattern!  |
|
|
|
Maybe people are starting to realize that bitcoin can be traded for goods instead of USD or other fiat currencies.
How many alpaca socks can you use? |
|
|
|
|
I agree with you Nagle.
We are seeing just normal market behaviour.
If someone complains about low bitcoin prices, he/she should either buy more coins or attract others to buy coins.
|
|
|
|
|
Sounds very good to me.
When and where do you plan to publish it?
|
|
|
|
|
wow! so what it the truth now? is Clear Satoshi or not?
|
|
|
|
you mean the suckers that sell their bitcoins for a dollar each?
If difficulty drops to 400k I'll be happy to sell at $1/BTC, and would continue to do so (but selling 5x as many coins). $5 only looks good at current difficulty. Now I'm at 4.6c/kwhr + fees, so the "free electricity" guys and Ukrainian miners can go lower and still be happy. FPGA miners can go way lower still. At what point do the bulls provide fresh injections of cash? If new money doesn't keep coming we have no choice but to eventually make new lows because it's currently costing $1k/hr (or about $720k/month) at US average power rates just to run the network. I'm sure the exchanges and other related sites have costs of their own they can't pay in BTC. New price lows may translate to lower difficulty, which in turn would drive lower prices miners are willing to accept. Bulls really need to step up and start propping up this pyramid, and soon. And I don't mean by posting here, I mean by cash injection. Once the downward spiral starts accelerating it may be too late.
It needs cash injection by existing bitcoin users and/or getting new people into it. |
|
|
|
|
Someone is trying to hold and talk the market down. Lets see if he / she is successful ...
|
|
|
|
But I prefer the elliottwave count.  |
|
|
|
There are two alternate ways to draw the triangle.Both are valid options.  |
|
|
|
Brief update.
It looks as if we are in a triangle with likely break out to the upside.
Is it correct to say the zigzag correction that was yesterday has morphed into a triangle?
The cunt from yestaerday is still a viable option. But sometimes I prefer a simplified view which is the triangle. Excuse me, but.....what cunt  ?! Does this word have any other meaning that I don't know? The COUNT from yesterday (= wave count). See elliottwave.com |
|
|
|
Brief update.
It looks as if we are in a triangle with likely break out to the upside.
Is it correct to say the zigzag correction that was yesterday has morphed into a triangle?
 The cunt from yestaerday is still a viable option. But sometimes I prefer a simplified view which is the triangle. |
|
|
|
Brief update.
It looks as if we are in a triangle with likely break out to the upside.
|
|
|
|
Price between 4 and 5 dolars per BTC wil stay for some time (let's say few weeks), then it will go down and at the end of this yera it will be around 3 dolars per BTC
What are you basing your forecast on? |
|
|
|
|
do you have any evidence on that?
|
|
|
|
|
cycles come and go. there will be a time when tuesdays and sundays will be very different
|
|
|
|
|
A bot can not force prices up or down at all.
Only large players can do that, and obviuosly they can use bots or trade manually.
In the end, the market goes where it wants, and bots can not change the direction.
|
|
|
|
|
Typischweise ist der Kursverlauf der "leading indicator", nicht umgekehrt, d.h. der Preis steigt BEVOR News rauskommen, da einige immer einen Informationsvorsprung haben.
|
|
|
|
I think it will keep going up, but it shot up so fast I think a lot of people just on board the sell bandwagon. Rather then panic buying, people started selling to take advantage of the sudden spike. Hopefully it shall continue its climb, and/or have a less sudden spike like rally.
I attack any spike with sells simply because the spikes do not last. I'm sure others do the same. If you know the price isn't going to hold but you can make a tidy profit, you take what you can. What is a "bottom forming process"?
 |
|
|
|
|
Show Posts
