This really does look ugly. I don't see how anyone could expect higher prices right now. COnsidering all that is going on in bitcoinland, i'd say we have enough to say that lower prices are more probable than higher prices at this point. If i had to give a figure, say 65%.
I am a regular reader of forums here (bitcointalk) and bitcoinmarkets on reddit and can comfortably say, sentiment has turned since the times of Greece when everyone was yelling moon. Now, i would characterize it as ambivalence with uncertainty on what will happen next. The kind of ambivalence that required a breach of maajor support level to shift to full mode bearish. That level, i suspect is $200. That is the level to watch now as we drag gradually towards it.
Even ranges never last long (200 -300) and at some point a decision will have to be made. It is my opinion that we are drawing nearer to that decision point.
You're missing a key factor surrounding the overall sentiment. People don't yell "THE SKY IS FALLING" and mean it before they first sold. "Be greedy when others are fearful." - Warren Buffett Being greedy when others just start being fearful is going to get you bull trapped, or even rekt if you try to catch a falling knife with a leveraged limit. That's why I moved my funds from trading to exchange, so I can buy this local bottom (should test again in 3-4 days) without such risk. |
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Nice new poll, Adam!  May I suggest to change to CIA / NSA joint venture?  |
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The market needs to test a bottom on high volume, similar to the one in April. Then we can go up a bit, before starting another capitulation.
Down, down, down eh? At least you are consistent. Not sure why you still do not see the high volume capitulation at 160 followed by a series of extremely obvious higher lows and major higher highs. Well, this is NOT similar to April, holy shit, I am so glad I didn't place any buy orders at 230$ as I planned!!!  PS. inca couldn't have chosen a worse timing for his damage control...  |
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The market needs to test a bottom on high volume, similar to the one in April. Then we can go up a bit, before starting another capitulation.
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It may sound weird but that's the way it is!
Possible XT fork will have beneficial effect on current bitcoin price. If you buy bitcoins before the split, if it ever happens, will give you the opportunity to spend same coins twice both on Bitcoin and XT networks. So, if you buy 1 bitcoin now you actually buy 2 bitcoins if XT altcoin succeeds in being true and equal alternative to bitcoin!
Spending on both networks, if possible, means many businesses will get burned and may turn away from bitcoin, so long term it would be bearish. |
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The initial post is misleading, the engagements were many and in only one of them the Su-30 MKI did perform very well,
namely in close dogfight, where the Indians, having learned how to use the thrust vectoring, have indeed soundly beaten the Typhoons.
In a previous Red flag the same Su-30 MKI were beaten by F-16s, because they used the thrust vectoring the wrong ways.
In complex scenarios however, the Typhoons did well, but this does not excuse the mediocre dogfighting skills of the RAF pilots.
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Waiting for sub $250 coins.
Daily MACD and divergence are negative, daily PSAR bearish and unlikely to flip soon, price is close to the lower daily BB. So I'd be surprised if we wouldn't see 240$ soon. Actually a healthy dump could reach below 240$. |
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It's not happening yet, 44% is just a vote, but could happen soon. And if one of the two competing blockchains won't die quickly, ouch... If I were holding bitcoins now, I'd choose (temporarily) the safety of fiat. I even cancelled my low bids, just in case this turns ugly...  |
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it's big traders going on vacation and removing their last manipulation in the 275-300 range, i'm not expecting the price to fall below 250 and until then i'll not worry about it at all, you should do the same
Problem is not if it will fall below 250, problem is when moon. BTC=moon so if no moon no BTC.... probably around the halving, because if no moon is accomplished for that time, then bitcoin is probably done IMHO if something like BITCOIN is waiting for halving to moon....it is already done... I am around since 2011, in the success scenario I am more bull than cypherdoc but honestly, I think BTC is done. Really hope I am wrong. It's probably done, technology becomes obsolete over the years, it doesn't age and gain value like a good wine. But the next wave of piglets bagholders bitcoin enthusiasts won't know that, until they'll panic dump their bags in 2017-2018. |
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Kind of disappointing how BFX and stamp munted the triangle form bottoming under wave c but with good form in china there is no reason why wave iv cant bottom here in the west with the existing form. Call it a double combo but it doesnt really matter.  This was invalidated, so how about a new and more realistic one? |
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So it's not a cup&handle anymore?
It's a cup with a triangular handle Anyway the triangle looks like it might be breaking to the downside. Could we be seeing a repeat of aug/sep 2014? If it breaks down, yes we could. It would also mean that the whole July rally was misleading, being amplified by the litecoin ponzi. Anything is possible. But it hasn't broken anywhere yet. Now it broke down with volume, damaging (but not invalidating yet) the bullish scenario. If no significant buying will occur soon, then during the next days this could drift lower. |
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Nah, the real panic selling should start in about a month, this is just a prelude. |
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So it's not a cup&handle anymore?
It's a cup with a triangular handle Anyway the triangle looks like it might be breaking to the downside. Could we be seeing a repeat of aug/sep 2014? If it breaks down, yes we could. It would also mean that the whole July rally was misleading, being amplified by the litecoin ponzi. |
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We would be below $100, imho. No troll, but without Gox' alleged relentless pushing through both 2013 rally's, there wouldn't have been $1000, and after this bear market, even with the China power, I think we would be back below $100 assuming we even broke 100 in the first place. But without the early 2013 rise, who knows if China would have even had the interest for the late 2013 rise?
While not that bearish, I agree with the analysis. IMHO (because it's pure guesswork) we would have reached some 300$ - 400$ instead and, most importantly, we would have already left the bear market and entered a slow bull market. Since the largest wave of speculator fiat comes after the previous ATH gets broken, because it kind of guarantees a 4x win, it would have been much easier to get that new wave of fiat (after breaking 400$ instead of 1200$). |
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Thank you for the link, if what he says is true, Karpeles should have been jailed in 2012. |
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Mark in prison is very bearish i guess, we need to get him out.
Well, if he sold his customers' coins to the Chinese and has now a boatload of CNY waiting to buy low... I suppose from prison he won't be able to move his hidden bid walls above 100$. |
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What is the longest run without a new ATH price bubble?
I am thinking that we are in a new era of Bitcoin. Can it stay like this for years?
No, it can't stay like this for years. The longer we stay below 315$, the more likely is to see a new low, about 140$ and later possibly 80$. |
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OP, if you want to retain some credibility, you should stop creating this kind of threads.
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any news is good news for bitcoin, anyway bullish news has been brutal to btc price lately anyway... ahem... someone just dump 500 btc  is that you ? That was just a coincidence, I closed my long yesterday, when I evaluated that the uptrend was losing steam. I am still looking for bottom fishing the next days, a short term bullish scenario is still possible. |
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