Just recently there is a series of higher lows which is fairly bullish action, not a massive rise but so long as the trend continues it is actually gaining and accumulating in value with lots of noise in between
It looks like second half of 2015, or even first half of 2016. If we compare the two cycles, we see the price had risen from around $1200 in 2013 to a near 20k top in 2017. This is like 20x more. If the same pattern is to repeat itself, we would see something between 300 and 400k as a ATH at the end of 2021, but to arrive at that price, the rise needs to be faster than in the previous cycle. This would prompt a earlier reversal, as compared to 2015, because we still need to recover the 8-12k range, before going to a bull market. We still need confirmation of the pattern, though. Maybe in two weeks we will see more clearly where it is leading. |
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You can't possibly discard $3200 that easily. Back then (above $6000) we settled lower high after lower high within a descending triangle, and we kep testing the same support levels over and over again. Right now we're doing the exact opposite. Higher lows and we keep testing the upper resistance levels between $4000-$4300.
I have noticed that, too. It seems we are having higher lows, instead of lower highs. It looks like a reversal, but it is going slowly, giving us time to prepare. I think it is safe to buy in small amounts, right now, but with some orders at lower prices, in case it falls more. Another thing I noticed is that a certain exchange (cant recall which one, right now) have increased the margin trading for its users. Maybe it is a sign that people are losing interest in it, and want to accumulate, instead of margin trading. |
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If you cant bear the losses, you should stop thinking in short-term.
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You only lost if you sell.
I dont think we are in a bull market yet, but we are in a recovery. First the price need to go to the 8-12k range, and only then we can talk about a bull market.
Be prepared, though, because when it starts, it will go straight to ATH and surpass it very quickly.
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The last three days gave me the impression of 2016, not 2015. In 2016, every time I checked the price, it was going up, without pause. But then, I was not following it too much, like today.
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Is this the start of a bull run to $100k or a fake one?
It is probably the latter but who knows... this is bitcoin. Anything can happen.
We will probably be back to the 6000's, but there will be resistance around 5k, maybe five or six weeks swinging on it. At least, this will confirm that 3000 was the real bottom, and price cant go down any further. It will be more safe to buy, I guess. |
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Yes. Its going up.
But there will be a lot of resistance at 5k. Like it happened in 2017.
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Are we out already? I see the price is going to 4k.
Or is it another suckers rally?
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Well, I've made this curve right now, and maybe we really reached the bottom.  |
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Minha maior preocupação sobre o bitcoin não é o bear market, e sim saber se vou ter como usar meus bitcoins no futuro.
Este pishing no site da LocalBitcoins é, provavelmente, a pior notícia que li este ano. Sempre foi do meu entendimento, que se o governo merdileiro quiser proibir os bitcoins no país, ou dificultar o comércio com burocracia, as exchanges vão obedecê-lo, sem questionar, e a única alternativa viável, neste caso, seria o LocalBitcoins.
Mas com este pishing, fica complicado confiar até mesmo na LocalBitcoins. Eu uso ESET, que tem proteção contra pishing, mas não sei se esta proteção é somente para sites de bancos, ou se qualquer site com senha seria detectado.
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They must be ahead of some of the firms, but yeah, no estimates would be safe to give. At most, Wall St. would surely just introduce bitcoin derivatives just like what they're doing with stocks right now. They wouldn't dive deeper than they could unless they are really sure on what they're doing. Also, if Wall St. alone takes a huge chunk of bitcoin in circulation, this will force people to move out of the market, and perhaps stay on other less controlled environments to prevent getting ripped off by Wall St. sharks.
They already did that. A lot of people sold their bitcoins at a loss. Those threads of hope are made by people itching to sell. This bear market started right on the first day after CME had opened its futures markets to bitcoin. The question now is if this bear market will follow like the last one (in a four-year cycle), or if it will endure for more time (like it happened with precious metals, for instance). In the first case, it means the miners and the old whales are still in control. In the second case, it means that Wall Street is in control. For now, the price is back to what it was before October 2017. |
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He doesnt control, but he influences it.
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Hundreds of thousands. They began investing in October 2017.
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It's on hibernation. Come back in one year.  |
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We are already in a dystopian economy.
If you lend money to the bank, the interest paid is minimal.
If the bank lend money to you, the interest paid is monstrous.
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Both permabulls and permabears are retards.
We will not be in a bear market forever. This is just a repetition of 2015. My guess is that the mining companies are doing this rotation themselves, to distribute the coins. You cant have a functional global currency if only 0.1% of the world population is holding it.
So they dump it to distribute the coins, then pump it so that people have a reason to buy them in the first place.
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So, the bottom would be something between $1400-$1900, since $171 is less than half of $371, and we would reach something between $4000-$5000 by the end of the year.
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