is spike recovery time an indicator?

[pleaseexplain]

the last decent spike was jan 12 when the price was $267. two days later it was $177. a further 12 days it had recovered ( price was $271).

this spike is much smaller
april 12 price $235
two days later it was $218.
will be interesting to see where we are in another 12 days time.

I think that if it cannot recover back to close its april 12 price within 12 days then its proof it is a very big bear market and that new money or stored money waiting for the 'right' time is not coming in. It would also seem to follow if these two camps do not snap up bitcoins at $218 then there is no reason to believe they would at $200 or even say $100 - despite many on the site saying they are ready to move when the price drops dramatically. It could mean a very low bottom if there are not in fact actual buyers intervening to stop what is clearly a downward slide

[BillyBobZorton]

We going most likely 1xx something before the great consolidation happens and we start marching towards 4 figures again.

[Amph]

i don't think there is this type of logic behind it, just more of a guessing at this point, market is unpredictable, too many variables, and the biggest one is emotional/psychological

i still think we won't see sub 200, it will bounce back soon, just my thought

[mrhelpful]

No TA (technical analysis) will help you predict its price, you can guess all you want.

But no one has the control of deciding, so just buy now if you think the price was cheap compared to the times of not getting in enough.

You`ll drive yourself mad, wondering if it`ll drop more. Just buy small amounts if you think it`ll drop more.

[randy8777]

currently bears have had a few great days. but i think we'll soon see bears change into bulls as there is no reason why bitcoin should go lower than $200. some times people are just lucky when their prediction becomes reality and they start to think they are an expert.

[fortif78]

currently bears have had a few great days. but i think we'll soon see bears change into bulls as there is no reason why bitcoin should go lower than $200. some times people are just lucky when their prediction becomes reality and they start to think they are an expert.

Don't hold your breath. You will see $200 break again.
 

[unsoindovo]

currently bears have had a few great days. but i think we'll soon see bears change into bulls as there is no reason why bitcoin should go lower than $200. some times people are just lucky when their prediction becomes reality and they start to think they are an expert.

Don't hold your breath. You will see $200 break again.
 

apparently,
the owls have already arrived!!!
 

[techgeek]

The thing could go to hell for all I know. 

One day its at mid 200ish now below, then it might as well go to high $100ish.

I`m just selling at this point, then buying small amounts as I do this. But I`m holding maybe 1/3 balance.

[dothebeats]

No TA (technical analysis) will help you predict its price, you can guess all you want.

But no one has the control of deciding, so just buy now if you think the price was cheap compared to the times of not getting in enough.

You`ll drive yourself mad, wondering if it`ll drop more. Just buy small amounts if you think it`ll drop more.

I agree to this. If you kept thinking that the price would get even lower, then afterwards the price starts moving up, you'll regret not getting in at the fun earlier. Well you can average the price if your judgment tells you that the price will go lower. Buy at certain thresholds which you think is good for your investments. The markets are very hard to predict; one can only speculate whether the trend will go up or down.

[farting_shot]

Recovery?

Only idiots and morons think recovery is possible at this time.

Btc has only gone down in value over the past 16 months+. It will continue to lose value all the way to big fat ZERO.

[Chef Ramsay]

Anyone with a fart in their name is obviously just one big joke and clearly not serious at all. For all we know, it could just be a mental patient that kicked the nurse in the nuts and made off with their laptop to post craziness. The spikes are an indicator of the strength of the pump or the other way around.

[dothebeats]

Recovery?

Only idiots and morons think recovery is possible at this time.

Btc has only gone down in value over the past 16 months+. It will continue to lose value all the way to big fat ZERO.

I am having a hard time believing what you have just said in here. Seriously? A decline in price doesn't mean that it will continue to go to zero, as you have just said. There are other possibilities that could happen along the way. Recovery may not be possible in the current times, yes, but it will soon pick up pace and continue moving upwards.

[uNsvkw]

Recovery?

Only idiots and morons think recovery is possible at this time.

Btc has only gone down in value over the past 16 months+. It will continue to lose value all the way to big fat ZERO.

I am having a hard time believing what you have just said in here. Seriously? A decline in price doesn't mean that it will continue to go to zero, as you have just said. There are other possibilities that could happen along the way. Recovery may not be possible in the current times, yes, but it will soon pick up pace and continue moving upwards.

No, more likely sub $100 or sub $30