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10-20 years?? Omg what is this ridiculous permabear bitcoin hater doing here?
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You've all got repietelia's picture wrong. This is his real picture:  |
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aliens.
bitcoin was seen as competition to the intergalactic cryptocurrency they had already established.
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This thread is a little late. The time to buy was at $460. Where were you then?
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Why stop at $1,000? Put in a 12K BTC order and take it all the way to $6300 (I can't see any further on the chart)
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In order to call cup and handle, there has to be cup AND a handle, not just a cup.
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Very light volume in this past rally. The only way to justify it is to theorize that a huge amount of coins have been bought offline by wall street whales or that some new exchanges are opening that we're not talking about. Which could definitely be true, but otherwise it doesn't look good.
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First ATH where bitcoinity does something crazy:
$1337 ?
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I don't believe we will see a bubble already in July, at least not in the sense that the uberbulls hope for.
A local maximum/intermediate "mini bubble", on the other hand would fit in very well... I see a good chance for somewhere between 600 and 1000 in July, and then a decline before getting into the next real bubble cycle.
sorry,but anyone who ist talking about a "bubble" doesn`t what a "Bubble" is. Was Internet.com a "bubble" ?of course not ,only some Internet companies went bankrupt, only for those it was a "bubble" I think we schould use Terms correct I'm only using the term because it is a norm here for purposes of communication. |
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There is a whole spectrum of possbilities now given that we have two major resistance levels instead of just one. I have plotted only some of them out. The red case is something like what I was expecting a month ago. The blue case is what I am thinking of now, and the green case is what bulls believe is going to happen with a rally in July.  |
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I think we are ignoring the obvious differences between 2013 and 2014  |
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look on the 3day chart, and the rally is looking just like January 3013 and october 2013. it would be historically very unusual for it to take a u turn from this point.
I looked at the 3 day chart and what I saw is 7 green candles in a row, kind of like August which also had 7 candles in a row except one was a red hammer candle ,and at the 7th candle the major consolidation began. It's not a U-turn, just a flat period. |
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It may look asymmetrical on a standard chart, but on a log chart July is bang on time for the 8 month rally cycle.
It is a false basis to chart assuming there is a fixed length of time of 8 months inbetween rallies. Each rally has had a different length of time depending on the severity of the previous decline, some of the rallies didn't even set ATH, and there was time when nearly 2 years went between ATHs. |
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I'm wondering why most people are calling for a bubble in July? Historically, bitcoin consolidations are symmetrical, and the recovery takes just as long as the preceding decline. This pattern occurs despite the never-ending incredible exponential increase of fundamentals each time. In this case the preceding decline lasted 5 months (december-april), so the average (probability) length of the recovery should be 5 months (may - september) and a breakout should occur in september or october. So I am wondering why people are calling for a breakout in the start of July? That is only a 2 month recovery, and would look extremely assymetrical on the chart with one side being 250% of the length of the other side.
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Chart of the year ?  There seems to be a trend in which we keep approaching that cloud at a lower and lower point and make a closer and closer call to evade it. The next time we probably won't make it and will fall underneath it. We might even fall underneat it right now on a retracement. It we trended back underneath the cloud would that be bearish? |
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The channel seems unbalanced in that on the left side of the chart, most of the action is in the upper part of the channel or even way above the channel. |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
I am sure you are an excellent technical trader Aaaaaaaaaaahahaaaaaaahhhaaa! If only i could be bothered to dig up her completely ridiculous predictions from the last few months. She is completely clueless. All her trading is based on some weird obsessive compulsive disorder how Bitcoin will crash. She lives in a fantasy world full of doom and gloom. We all can see how that worked out for her. I think TERA's doing just fine. Sure she does. She posts the most insane predictions but according to her always picks the right moments to buy and sell. I bet she's filthy rich by now. You must not understand how trading works. It's all about knowing when to cut your losses, reverse your position, and let your winners run. You can consistently make invalid predictions in advance but still win and change your trading strategy at the last minute if you use the right risk management techniques. |
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wow I wasn't even here and I came back and the topic of the discussion was me.
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Altcoins decline when bitcoin is recovering from a bear market and then they suddenly rally again in the middle of a bitcoin bubble so they have this super exponential rise versus the usd.
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governments are a threat too but that would result in a controlled decline which stole holds a value and not $0
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