afbitcoins (OP)
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April 30, 2015, 01:37:44 PM
Last edit: April 30, 2015, 02:21:04 PM by afbitcoins |
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The bears have had all the fun in the last year but is the end in sight ? At the moment market is awash with pessimism and negativity. Perfect time for a bottom to confound investors.  Chart is showing data from BTC-E exchange, using log price scale. If bitcoin rallies up to the top of the bullish channel (marked in pruple lines) it will be finally pushing free from the bubble collapse. |
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afbitcoins (OP)
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April 30, 2015, 01:41:46 PM
Last edit: April 30, 2015, 01:54:10 PM by afbitcoins |
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Heres another observation that just occurred to me. Notice how up until Nov last year the spike on the candles were pointing down as weak hands panic sell. Since then they now spike up, as whales accumulate
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ensurance982
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April 30, 2015, 01:44:56 PM |
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I arrive at similar trendlines. My guess is that we need to cross at least $265 currently, in order to confirm a first breakout attempt out of the bear market. Definitely crossing $315 would be the final confirmation needed to end the bear trend. Of course this is just my opinion and those numbers keep going down every day.
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Hyena
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April 30, 2015, 01:48:39 PM |
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A graph from the future:
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afbitcoins (OP)
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April 30, 2015, 01:51:45 PM |
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I arrive at similar trendlines. My guess is that we need to cross at least $265 currently, in order to confirm a first breakout attempt out of the bear market. Definitely crossing $315 would be the final confirmation needed to end the bear trend. Of course this is just my opinion and those numbers keep going down every day.
yep some of those lines are very clear. Will be some tough resistance to get past on upper red line but I think we will, possibly after being wedged under it for a while first. |
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ensurance982
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April 30, 2015, 01:53:31 PM |
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I arrive at similar trendlines. My guess is that we need to cross at least $265 currently, in order to confirm a first breakout attempt out of the bear market. Definitely crossing $315 would be the final confirmation needed to end the bear trend. Of course this is just my opinion and those numbers keep going down every day.
yep some of those lines are very clear. Will be some tough resistance to get past on upper red line but I think we will, possibly after being wedged under it for a while first. If we can just transform that dotted resistance line into a dotted support line, I'd be a happy camper  But I think it would be safer to just go right through it, in order not to risk another May/June 2014 |
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afbitcoins (OP)
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April 30, 2015, 01:56:20 PM |
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afbitcoins (OP)
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April 30, 2015, 02:04:17 PM |
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For fun heres some extra bullishness, is there an inverse head n shoulders near completion ?  |
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Morecoin Freeman
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April 30, 2015, 02:04:58 PM |
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Bear season is over. There will not be enough coins for everyone.  |
Ask the stranger he knows who you really are.
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zeroday
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April 30, 2015, 02:36:36 PM |
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Just take popcorn and prepare to enjoy short squeeze massacre show  |
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Q7
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April 30, 2015, 02:49:16 PM |
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Still too early to make any conclusion. It might just be a dead cat bounce for all we know and that's what happening all the time. I would say we still need to wait for a firm signal. If you plot the trend line, the price needs to at least cross the 320 level before we can say it has finally made the turn.
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inca
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April 30, 2015, 02:51:44 PM |
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Still too early to make any conclusion. It might just be a dead cat bounce for all we know and that's what happening all the time. I would say we still need to wait for a firm signal. If you plot the trend line, the price needs to at least cross the 320 level before we can say it has finally made the turn.
It is a little premature. But it shows that a little concerted buying is all that is required now to break the trend. And the price we need to reach is dropping day by day. |
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pattu1
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April 30, 2015, 03:26:47 PM |
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Bear season is over. There will not be enough coins for everyone. I have heard this line for the last 6 months. |
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Amph
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April 30, 2015, 03:30:30 PM
Last edit: April 30, 2015, 06:04:07 PM by Amph |
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Still too early to make any conclusion. It might just be a dead cat bounce for all we know and that's what happening all the time. I would say we still need to wait for a firm signal. If you plot the trend line, the price needs to at least cross the 320 level before we can say it has finally made the turn.
it could be a triangle wave, were there is a peak, then it return to its normal state, and everytime the peak is less than the previous one something like this  |
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bassclef
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April 30, 2015, 03:38:30 PM |
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Still too early to make any conclusion. It might just be a dead cat bounce for all we know and that's what happening all the time. I would say we still need to wait for a firm signal. If you plot the trend line, the price needs to at least cross the 320 level before we can say it has finally made the turn.
I agree, but I've been saying for months that the absolutely huge volume selloff at Bitfinex in January is a good candidate for capitulation. Anything that removes that much selling from the market will have a bullish effect for some time, and it is why we've struggled to retest $200. |
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franckuestein
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Truth will out!
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April 30, 2015, 03:43:02 PM |
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People is announcing the end of the bear trend since one year ago Anyway, time will put things right, we'll see. |
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Dilla
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April 30, 2015, 04:21:20 PM |
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End of bear market was when we left the dip at $160.
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WhatTheGox
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April 30, 2015, 04:32:52 PM |
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Those we are fake out bear market is over predictions, this one is real since wehave a nice pretty chart and the $160 bottom, i like it |
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lexuz
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April 30, 2015, 06:30:29 PM |
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Those we are fake out bear market is over predictions, this one is real since wehave a nice pretty chart and the $160 bottom, i like it Yeah i see same topic few month ago, i think thats no be happen dude. When price bottom $200. Many big player buy bitcoin for raise bitcoin price |
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