End of the Bear Trend

[fonzie]

Sorry OP, but i still cannot confirm. 

[afbitcoins]

support is failing at bottom of that channel, perhaps lower parallel will manifest somewhere near my lower dotted trendline ...

[klee]

support is failing at bottom of that channel, perhaps lower parallel will manifest somewhere near my lower dotted trendline ...

This is the same support in P&F,
https://bitcointalk.org/index.php?topic=1064374.msg11416729#msg11416729

[Afrikoin]

"All feels a little omminous to me. Can there be a new lower bottom ? Or can price bust through long term resistance ? Or are we going to watch it stagnate keeping bulls and bears unsatified?"

End of the Bear Trend? Anyone?

*cheeky poke*

[spazzdla]

"All feels a little omminous to me. Can there be a new lower bottom ? Or can price bust through long term resistance ? Or are we going to watch it stagnate keeping bulls and bears unsatified?"

End of the Bear Trend? Anyone?

*cheeky poke*

BTC went from $100 to $1200 in a month..  Non of these trend guru's saw it coming or they'd be retired. 

Odds are it will move up or down with intense velocity as it has done many times in the past decimate all trend guru's predictions.

[afbitcoins]

"All feels a little omminous to me. Can there be a new lower bottom ? Or can price bust through long term resistance ? Or are we going to watch it stagnate keeping bulls and bears unsatified?"

End of the Bear Trend? Anyone?

*cheeky poke*

BTC went from $100 to $1200 in a month..  Non of these trend guru's saw it coming or they'd be retired.  

Odds are it will move up or down with intense velocity as it has done many times in the past decimate all trend guru's predictions.

Latest version of my end of bear trend is looking like this. End of bear trend idea is not invalidated yet.. I like to see to see a bounce up from lower purple line. The way the market is just nowdrifting along horizontally wouldn surprise me tho. Either way there are stern tests ahead with resistance to pass through on red dashed line first



Now waiting for attack from troll bears

[afbitcoins]

BTC went from $100 to $1200 in a month..  Non of these trend guru's saw it coming or they'd be retired.  

Odds are it will move up or down with intense velocity as it has done many times in the past decimate all trend guru's predictions.

Im betting on big moves up when bitcoin inevitably gets pumped again. But when is the question impossible yto predict. For me bitcoin has more profit upwards than down now, on longer timescales at least.

[lexuz]

BTC went from $100 to $1200 in a month..  Non of these trend guru's saw it coming or they'd be retired.  

Odds are it will move up or down with intense velocity as it has done many times in the past decimate all trend guru's predictions.

Im betting on big moves up when bitcoin inevitably gets pumped again. But when is the question impossible yto predict. For me bitcoin has more profit upwards than down now, on longer timescales at least.

I hope too bitcoin price will pumped again.i hear nasdaq now accept bitcoin as a payment, thats nice and will help bitcoin price

[afbitcoins]

Bitcoin has fallen below my upwards rising channel shown with purple trendlines  on previously posted charts in this thread



however until bitcoin falls below lower green line on this chart I would consider the bottom is still in. This is the time to accumulate



(caveat unless something really silly happens re block size)

[afbitcoins]

Time for another look at the end of the bear trend idea. Still inconclusive if this really is the end of the bear trend or there are more legs down. I still lean towards idea that the bottom is in (however still reserving funds to buy more bitcoin if it does fall further)

So with the 'big crash' still not materializing, neither rocket ships to moon, all looking a bit stable just now.

However when looking at bitcoin priced in gold instead of the usual US$

Long standing bearish trendline looks to be broken to the upside by this horizontal price. Is this foretelling what will happen versus US$ too ?


Bitcoin priced in Gold



Heres the same chart zoomed out.

Bitcoin priced in Gold

[STT]

Some good charts but more depth to movement comes from the volume of trading at each price I think.    If all while the price fells the volume has been lower then it rose on, it suggests a possible spike upwards is more possible then just examining the price alone.
If the majority of the volume was while falling then it helps confirm that direction

[Afrikoin]

Trapped between 50% and 61.8% fibs. sideways

I'm surprised you are still expecting the bottom to be in. Considering what is going on with the block debate, dark times ahead for BTC. No way this is the right time for price to go up considerably.

[Edit]



rest of it gtf.org/garzik/bitcoin/BIP100-blocksizechangeproposal.pdf

Listen to Hearn, garvin, Todd, and Adam back on this ongoing block debate. Could get ugly or atleast, ugliness is a REAL possibility. A fuckin fork!

[afbitcoins]

Some good charts but more depth to movement comes from the volume of trading at each price I think.    If all while the price fells the volume has been lower then it rose on, it suggests a possible spike upwards is more possible then just examining the price alone.
If the majority of the volume was while falling then it helps confirm that direction

@STT Can't see volume on that chart of bitcoin price in gold, i think because it is a combination of two other charts, however i agree what you say, on BTCUSD volume looked quite high (on btc-e at least)  when 'the bottom' was in and has been picking up since.

Trapped between 50% and 61.8% fibs. sideways

I'm surprised you are still expecting the bottom to be in. Considering what is going on with the block debate, dark times ahead for BTC. No way this is the right time for price to go up considerably.

@Afrikcoin I am mainly only looking at what the chart tells me, which still to me looks like the bottom is in. Although you could be right of course. The blockchain debate is ugly though I agree completely there, once resolved that may persuade some big players to jump in and start the next pump.

[bassclef]

We are sitting in the dull period before the bull move takes off that both Charles Dow and Richard Wyckoff described in their writings. It's when most of the stock is held by strong hands, the informed moneyed interests are accumulating via price support and the public is generally not interested. The mood is still bearish, especially among retail traders.

One normally sees tests during this phase in attempt to bring the market lower and clean out the last of the tenacious holders. Whether we had this through multiple attempts at breaking $215 is yet to be seen. There is still meaningful support at $210 and a lack of selling in general, so at first glance it seems a washout below $200 is pretty unlikely.

[Hyena]

Slowly but surely we are rising, 1$ per day. Soon everyone notices it and then the rally will speed up fast



We need to break ~237$ this week for the weekly pSar to flip, this is very close

[Amph]

Slowly but surely we are rising, 1$ per day. Soon everyone notices it and then the rally will speed up fast



We need to break ~237$ this week for the weekly pSar to flip, this is very close

are you sure about the 1 per day rising, this since when? this year? to me the market is resembling just a sort of a straight line for now

[Hyena]

are you sure about the 1 per day rising, this since when? this year? to me the market is resembling just a sort of a straight line for now

Of course I'm not sure and I exaggerated as the rise could be different. The point was that a slow but steady rise has been noticed lately. I remember that it started at 229, then it was at 230 for a while without going lower nor higher. Today it's 233 already. I can remember such slow and steady long term rise from the beginning of 2013 and also before and during the Summer 2012. If I was a whale this would be one of the strategies I could use --- accumulate very slowly so that it would be difficult to say in the news "bitcoin suddenly rose 20%" or something like that.

[Afrikoin]

are you sure about the 1 per day rising, this since when? this year? to me the market is resembling just a sort of a straight line for now

Of course I'm not sure and I exaggerated as the rise could be different. The point was that a slow but steady rise has been noticed lately. I remember that it started at 229, then it was at 230 for a while without going lower nor higher. Today it's 233 already. I can remember such slow and steady long term rise from the beginning of 2013 and also before and during the Summer 2012. If I was a whale this would be one of the strategies I could use --- accumulate very slowly so that it would be difficult to say in the news "bitcoin suddenly rose 20%" or something like that.

But what of before that? It was at $242 and $249 before going down to $219

[Hyena]

But what of before that? It was at $242 and $249 before going down to $219

But what before even that? It was 4$ and 5$ before going up to 17$. Everything has to start at some point. I think the time is ripe for some slow but sure constant rising. It's been a while since we last had anything like that. According to probability theory, it should happen any time now, any time. Now.

[Afrikoin]

But what of before that? It was at $242 and $249 before going down to $219

But what before even that? It was 4$ and 5$ before going up to 17$. Everything has to start at some point. I think the time is ripe for some slow but sure constant rising. It's been a while since we last had anything like that. According to probability theory, it should happen any time now, any time. Now.

I respect your opinion, don't get me wrong. I'm just trying to understand what you are saying so that I am also informed.