Well it seems that the predicted triangle is broken?
There was no triangle. |
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700 was support only at bitfinex where there it is already over 700 - so it is not resistance any more.
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Hidden bull divs on many indicators. Probably needs some time to reload and spring back.
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How is a 30 degree upward slope for the past 1.25 years irrational?
Do you know that degrees are meaningless on charts where the x axis is incommensurable with the y axis? |
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On the other hand remember that the markets can be irrational longer then you can stay solvent and that this irrationality happens in both ways.
I tend to follow the advice from Soros - "When I see a bubble forming I rush in to buy, adding fuel to the fire. That is not irrational."
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High 8000's and low 9000's have been my prediction for the next bubble too. the next bubble could be very high, the problem is the next bubble wil never come if we keep going on like this. the blocksize debate that has been going on for so long and still is not resolved, and the centralization and censorship are slowly killing bitcoin, and people are moving on to altcoins because bitcoin just does not support increased capacity at the moment. the price won't magically rise without the transaction volume also rising. limit the transaction volume, limit the price and limit the amount of users. the remaining users will flee. It is also possible that some alt will take over. The more privacy oriented coins are just better than BTC - there is no feature that bitcoin has and they cannot, but they are better in privacy. |
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redeemable by the exchange or convertible to shares in iFinex - places them somewhere between a bond and a security and makes it highly likely that issuing them and trading them would require licenses in the U.S. that Bitfinex doesn't have.
That is why US residents cannot trade it. |
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Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?
The record amount of shorts on the halving day on bitfinex is an evidence to the contrary. Longs are also high - but now slightly below the level it had 2 weeks ago. |
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The fraud reduction part is comical for anyone remembering the bitcoin record in this area.
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My plan is to short shortly after halving - when people don't see the price increases they expected.
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I think this is spot on. But we'll need to wait a bit longer than this December. In the MtGox chart the pre-bubble pad to the $15 peak is 273 days and then the part that you don't show from the $15 peak to the bubble start is another 137 (to 1.01.2013 - the price then was still about $13.5 and it was about to start bubbling up). The downslide is 133 days - so it is about three times less. Now the downslide was 413 days (to 14.01.2015 the bitstamp lowest point) or 629 (18.08.2015 - the bitfinex lowest point). So if we want to have the same proportions the next bubble should start either about 1200 days after 14.01.2015 - that is May 2018 or about 1900 days after 18.08.2015 - that is October 2020 Wow that was surprising even for me how far away it gets. |
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I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.
It's hard to say/predict. From what I have learned bitcoin is not to be analyzed like traditional charts. Technical analysis seems close to impossible with bitcoin. That is the opposite of what I experience. I would never try to TA traditional stocks - their charts look so random - while in bitcoin the TA rules more or less work (stuff like parts of EW, divergencies, trend lines, etc). |
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Pump and dump my boy, pump and dump.
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even prices a bit down currently i won't worry about that i guess it's time to buy more and the fuel almost fully charged before rocket launch with 2 weeks remaining we will going to the moon together we all should be get ready
The more I read posts like this the more convinced I am that there will be a correction after halving. The supply reduction will not play out immediately and when everyone is loaded to the max and the price starts to slowly slide down the result is a crash. |
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If we are not rallying into the halving - then those who hold because of halving will start selling a few days after it and we'll have a bigger correction.
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 Looks like the neck is being broken in this Head and Shoulder. Target about 580. |
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 To see it in more details (for example there are only 17.5K BTC swaps - not 20K as the long term picture above suggests) - see a shorter term chart at: https://bfxdata.com/combined/btcThe total amount of shorts is about 17.5K - this is far from the peak which was about 34 a year and a half ago. It has also decreased from 19K a few hours ago, some shorters have already taken their profits. You must have caught a very not representative moment with your picture. It is the longs that are crazy - and they have not decreased on that drop - I guess we'll need another one for that. |
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The more I think about it the more bearish it seems.
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