Weekly Parabolic SAR just turned bullish

[Hyena]

I've been expecting this to happen for some time now. Last time it happened (~november 2014) it was only on Bitstamp and thus rather weak indicator. This time, however, it should be so on other exchanges too. Can anyone confirm and post charts?

[klee]

Btccharts confirmed: http://bitcoincharts.com/charts/bitstampUSD#rg120zigWeeklyztgTza1gWMAzm1g10za2gWMAzm2g20zxzi1gMACDzi2gPVIzi3gRSIzi4gWilliamRzps

https://cryptowat.ch/bitstamp/btcusd/1week NOT confirmed (0.02 , 0.2)

wisdom long ago confirmed: https://bitcoinwisdom.com/markets/bitstamp/btcusd

[afbitcoins]

The end of the bear trend gathers pace 

[ajareselde]

I'm pretty optimistic myself too, but i wouldn't just place blind trust to the chart analysis, it is proven over and over again that it doesn't
have to mean anything in the end. When you see sell walls of few hundred BTC fall down one after the other tho, that's a sure rally.
I'm guessing this will slow down and fall back down to 230 after touching 250 or so.
cheers

[Hyena]

I'm pretty optimistic myself too, but i wouldn't just place blind trust to the chart analysis, it is proven over and over again that it doesn't
have to mean anything in the end. When you see sell walls of few hundred BTC fall down one after the other tho, that's a sure rally.
I'm guessing this will slow down and fall back down to 230 after touching 250 or so.
cheers

I suspect we may touch 270 by the end of this week. We have seen such rises many times during these general bear times and it is about time we saw another quick surge.

[klee]

Guys it has begun...

[Hyena]

2nd week confirmed.

[bwheels]

What is this indicator showing on other exchanges?

[Hyena]

3rd week confirmation, also we're been in green 3 weeks in a row and I am sure this week will end up as green as well.

[windjc]

3rd week confirmation, also we're been in green 3 weeks in a row and I am sure this week will end up as green as well.

So were you saying the same thing in your mind in Nov and Dec or 2014? Because that was an epic fail of an indicator.

[Patel]

3rd week confirmation, also we're been in green 3 weeks in a row and I am sure this week will end up as green as well.

It's gonna be a repeat of the november december

[Amph]

3rd week confirmation, also we're been in green 3 weeks in a row and I am sure this week will end up as green as well.

by the look of those wave, it appear that the next spike will touch 2k, if your vision is correct

but the lenght of the last one is contradictory , it is much more long than the previous waves...inconclusive

[Hyena]

So were you saying the same thing in your mind in Nov and Dec or 2014? Because that was an epic fail of an indicator.

nov dec 2014 was a fail in a sense that it only happened on Bitstamp but not on other exchanges. This time it's different because it happened everywhere. Or did it? Post proof if you think otherwise.

edit:
The current situation is in no way a repetition of nov/dec 2014, because we are first time in green 4 weeks IN A ROW after the last bubble:



Also, I never said it's going to be 2k top, don't take those red lines literally, they're just illustrative.

[Wexlike]

My chart looks different. 

[Hyena]

4th week confirmation and we have been in green for 5 weeks in a row now! 5 weeks! This has not happened for 1.5 years. The bear market is now officially over. A new chapter in the bitconi's price has just begun. The price chart should soon start showing the first signs of exponential rise. Instead of 270$ prices we are probably going to witness 280$ prices this week.

[Wilhelm]

You're SAR prediction is a nice bullish sign, I myself am am hoping for another strong indicator to hit.

Looking at the 1w logarithmic charts you can see two things
 - We are enroute to the bollinger band
 - The bollinger band is tunneling

Usually this means something funky is about to happen, it can go both ways but a >50% chance we go M00000N!!!! if it hits the upper band.
The 1w chart bollinger band was last hit around 14-10-2013 and remained on the upper band (1w chart) until mid decembter 2013.
We all know what happened then  


Let's hope we soon hit the $290-$300 and see it go sky-high again.
If the last moontime was a percentage reference then it will go to $3000 per BTC.

[ssmc2]

You're SAR prediction is a nice bullish sign, I myself am am hoping for another strong indicator to hit.

Looking at the 1w logarithmic charts you can see two things
 - We are enroute to the bollinger band
 - The bollinger band is tunneling

Usually this means something funky is about to happen, it can go both ways but a >50% chance we go M00000N!!!! if it hits the upper band.
The 1w chart bollinger band was hit on 26-08-2013 and dipped under and went above again around 14-10-2013.

We all know what happened then  


Let's hope we soon hit the $290-$300 and see it go sky-high again.
If the last moontime was a percentage reference then it will go to $3000 per BTC.

And that will be just the first wave. 

[Wilhelm]

And that will be just the first wave. 

I did a few edits to my post for correctness.

If you mean wave as in going from $120 to $1100 then there are two ways of looking at it.

1. More people know about bitcoin and will invest and thus it will go >$3000.
2. Not enough money and crazy people so second wave will be lower.

Any way I'm in here for the long run

[yayayo]

I'm very skeptical of chart analysis, because it is not a scientific method. However I tend to agree that we are near the end of the downtrend, because of the prolonged sideways movement with low volatility and the recent buying.

Most importantly, this interpretation is supported by the fundamentals: Increased Bitcoin adoption in all areas. Because of the Greek disaster there will also be more media reporting regarding currency problems which might push people to search for alternatives of the terminally ill fiat money system.

ya.ya.yo!

[Wilhelm]

I think Greece is overrated.

But as long as people are betting on it to have an influence, it might influence the price, even if no greek people buy bitcoin.