End of the Bear Trend

[afbitcoins]

After the recent break up through resistance on BTC vrs Gold chart, the recent rise in price in bitcoin has taken it above that dashed red line verus US$ too   

... Although we are also below the bull channel I've been observing.  


Heres data from BTC-E on log price scale with 4hr candles



Same chart zoomed out with 1d candles



And zoomed out even further.

[afbitcoins]

With price dipping I'm looking for a bounce around $137ish

Target is still to get above upper red trend then I will declare the end of the bear trend has come to pass

[Afrikoin]

With price dipping I'm looking for a bounce around $137 237ish?

Target is still to get above upper red trend then I will declare the end of the bear trend has come to pass

[afbitcoins]

With price dipping I'm looking for a bounce around $137 237ish?

Target is still to get above upper red trend then I will declare the end of the bear trend has come to pass

Oops yes, 137 would be quite a crash

[Afrikoin]

With price dipping I'm looking for a bounce around $137 237ish?

Target is still to get above upper red trend then I will declare the end of the bear trend has come to pass

Oops yes, 137 would be quite a crash

which is where we're headed  no end of bear

[randy8777]

With price dipping I'm looking for a bounce around $137 237ish?

Target is still to get above upper red trend then I will declare the end of the bear trend has come to pass

Oops yes, 137 would be quite a crash

which is where we're headed  no end of bear

if we're going to see a downtrend it might get below $200 but more in the range of $190-$200 don't think it will fall below that. i know that's what you are hoping for.

[MF Doom]

With price dipping I'm looking for a bounce around $137 237ish?

Target is still to get above upper red trend then I will declare the end of the bear trend has come to pass

Oops yes, 137 would be quite a crash

which is where we're headed   no end of bear

if we're going to see a downtrend it might get below $200 but more in the range of $190-$200 don't think it will fall below that. i know that's what you are hoping for.

BTC price seems to be very fragile right now, even the large companies accepting btc only has seemed to push it down more.  I think double digits are possible, it will probably be another "flash crash" where the price drops in an afternoon, and is heading back up by morning.  All it would take is ONE big bag holder to accomplish this.

And then I still would think we are in a long bear trend, possibly for years to come

[inca]

With price dipping I'm looking for a bounce around $137 237ish?

Target is still to get above upper red trend then I will declare the end of the bear trend has come to pass

Oops yes, 137 would be quite a crash

which is where we're headed   no end of bear

if we're going to see a downtrend it might get below $200 but more in the range of $190-$200 don't think it will fall below that. i know that's what you are hoping for.

BTC price seems to be very fragile right now, even the large companies accepting btc only has seemed to push it down more.  I think double digits are possible, it will probably be another "flash crash" where the price drops in an afternoon, and is heading back up by morning.  All it would take is ONE big bag holder to accomplish this.

And then I still would think we are in a long bear trend, possibly for years to come

Alternatively we are 20 dollars from breaking the log downtrend line. Place your bets.

[afbitcoins]

With price dipping I'm looking for a bounce around $137 237ish?

Target is still to get above upper red trend then I will declare the end of the bear trend has come to pass

Oops yes, 137 would be quite a crash

which is where we're headed   no end of bear

if we're going to see a downtrend it might get below $200 but more in the range of $190-$200 don't think it will fall below that. i know that's what you are hoping for.

BTC price seems to be very fragile right now, even the large companies accepting btc only has seemed to push it down more.  I think double digits are possible, it will probably be another "flash crash" where the price drops in an afternoon, and is heading back up by morning.  All it would take is ONE big bag holder to accomplish this.

And then I still would think we are in a long bear trend, possibly for years to come

Alternatively we are 20 dollars from breaking the log downtrend line. Place your bets.

Most of my chips are on the table now

[afbitcoins]

End coming into view ?

[klee]

270+ I agree:

[afbitcoins]

[afbitcoins]

On same day greeks vote no, the bearish trend appears to be breaking.

The end of the bear trend!



Edit: Note lovely touches of support and resistance when line was first touched and then where support was found on purple rising trend line.

[Afrikoin]

On same day greeks vote no, the bearish trend appears to be breaking.

The end of the bear trend!

up to $300?

[afbitcoins]

On same day greeks vote no, the bearish trend appears to be breaking.

The end of the bear trend!

up to $300?

I could imagine a spike up beyond $300 quite easily, maybe even up to $400 before next correction. As in another of my threads 'Inverse Head n Shoulders' I think possiblility of bullish chart pattern (although many sceptics think I'm mad or don't know what I'm doing... they might be right). Greek situation looks like it will drag on which also can only benefit bitcoin, plus obvious bullish signal of log trend breached. I think those bouncey dead cats are starting to bounce higher.

[BlackSpidy]

Dear bears:

You are alone. There is only darkness for you, and only death for your downtrend. This flag is just the begging. I will command a great and terrible uptrend. We will sail to a billion exchanges. We will sail until every short has been extinguished. You are strong, bear, but this uptrend is beyond strength. It is THE END and it has come for your downtrend.

[ssmc2]

Dear bears:

You are alone. There is only darkness for you, and only death for your downtrend. This flag is just the begging. I will command a great and terrible uptrend. We will sail to a billion exchanges. We will sail until every short has been extinguished. You are strong, bear, but this uptrend is beyond strength. It is THE END and it has come for your downtrend.

WORD

[afbitcoins]

Dear bears:

You are alone. There is only darkness for you, and only death for your downtrend. This flag is just the begging. I will command a great and terrible uptrend. We will sail to a billion exchanges. We will sail until every short has been extinguished. You are strong, bear, but this uptrend is beyond strength. It is THE END and it has come for your downtrend.

Thanks Black Spidy a fitting epitaph for the END of the bear trend.

[Ahab_Hunter_of_BearWhale]

Dear bears:

You are alone. There is only darkness for you, and only death for your downtrend. This flag is just the begging. I will command a great and terrible uptrend. We will sail to a billion exchanges. We will sail until every short has been extinguished. You are strong, bear, but this uptrend is beyond strength. It is THE END and it has come for your downtrend.

Hear hear! Kill the white whale! All hands after that terrible BearWhale!

Ahar look ere over the port bow! See the Bears canabalizing Bearwhale! They can't resist!









Ya Har! Now that Bearwhale be dead and consumed see the Bears start to turn on one another!

[Afrikoin]

All is lining up well afbitcoins