Bitcoin Primed

[azguard]

from look of thing seem like we are on the right track but we don't need to rush things here don't we

[Dux2K]

This graphic suggest that we are going to see that and i hope that we will

[dumpida]

The bitcoin price is consolidating for the last three months. If there is a good news, the price will rise a lot.

[Bazelak]

The bitcoin price is consolidating for the last three months. If there is a good news, the price will rise a lot.

I also think so. If the SegWit is implemented in the next four weeks, the price will go up at least 15%.

[azguard]

price is on the rise today around 10$ in past week was 1-2$ so this might be that we are expecting some bigger change i just hope if we hit 450 this time price wont go down again to 380-390

[Bazelak]

price is on the rise today around 10$ in past week was 1-2$ so this might be that we are expecting some bigger change i just hope if we hit 450 this time price wont go down again to 380-390

If the price rises slowly, say 0.1% per day for the next few months, the price will not go to 380 again.

[Unidonade]

If the bitcoin price stays around 450 dollars for a few more weeks, I think that is very good priming process.

[dumpida]

If the bitcoin price stays around 450 dollars for a few more weeks, I think that is very good priming process.

Consolidation after price rise is good for absorbing the profit taking and prepare for the next price rise.

[Unidonade]

If the bitcoin price stays around 450 dollars for a few more weeks, I think that is very good priming process.

Consolidation after price rise is good for absorbing the profit taking and prepare for the next price rise.

The consolidation after the last year's rise has last quite long. So the average cost of the bitcoin has risen.

[afbitcoins]

Any time now would be good

[Fakhoury]

Any time now would be good

Missed your updates my friend, but why especially (Any time now would be good) ?

[talks_cheep]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

[afbitcoins]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

I think you are right in short term, I'm anticipating that trendline won't hold. But I can wait. There are other factors that can or will come into play. Stock market crash, negative interest rates. etc. I think it much more likely bitcoin will rise than fall but maybe not as steep as my previous ultra bull predictions

[azguard]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

maybe maybe not last time same prediction were maid and few months later we had biggest high in btc price so far
i will be patience this time i will not rush like then

[Unidonade]

Any time now would be good

https://www.tradingview.com/x/9MB1dqib/

Missed your updates my friend, but why especially (Any time now would be good) ?

Based on that picture, the new all time high will be in late 2017. That is quite far away for most of us.

[zimmah]

completely forgot about this thread, seems to be pretty accurate still.

let's see if it stays that way.

[afbitcoins]

completely forgot about this thread, seems to be pretty accurate still.

let's see if it stays that way.

Thanks zimmah, not accurate anymore though. Bull channel I was looking at has been invalidated, I wonder if eth effect has something to do with it.  So I guess I need to re-evaluate my idea a little bit.

At the moment I've turned my attention to this wedge, and also exploring the idea of this bullish fork.



There are people forecasting that bitcoin halving will be a bearish event this time. My current opinion is still that bitcoin is currently one of the best investments there is. Although not playing out how I guessed at the start of the thread I still think the general idea of huge rise is still very possible. However I am prepared for a shakeout or bearish move before it really kicks off. That wedge could break downwards. No-one knows really but time will tell.

[RyNinDaCleM]

completely forgot about this thread, seems to be pretty accurate still.

let's see if it stays that way.

Thanks zimmah, not accurate anymore though. Bull channel I was looking at has been invalidated, I wonder if eth effect has something to do with it.  So I guess I need to re-evaluate my idea a little bit.

At the moment I've turned my attention to this wedge, and also exploring the idea of this bullish fork.



There are people forecasting that bitcoin halving will be a bearish event this time. My current opinion is still that bitcoin is currently one of the best investments there is. Although not playing out how I guessed at the start of the thread I still think the general idea of huge rise is still very possible. However I am prepared for a shakeout or bearish move before it really kicks off. That wedge could break downwards. No-one knows really but time will tell.

IMO, it's not that it's a bearish event, it's more that it's not as much of a guaranteed mega bullish event that many think. I think there is still a good chance of a decent rally, but it may or may not all be done before the halving similar to what LTC did. It is also arguable that the last halving had less bearing on the 2013 rally's than it's given credit for. Above all, because halvings have less effect on the new supply with every subsequent event, and front running the expectation of a rally, each one should have a dampened effect compared to the last. When we halve from 3.25BTC to 1.625 BTC, the supply shock will be much less noticeable.

I know everyone has seen my chart from a few days ago... In my chart, we are still in a bear market. A counter trend rally (wave-B) of a bear market. In bear markets, good news/events are perceived as "meh, at least it's not bad news" and cause things like small rally's or slowing the descent. It's akin to how bad news is perceived in a bull market, just slows the boil a little bit.

These are my thought's not yours, on the morning X

[afbitcoins]

When I opened this thread bitcoin was at about $320, now almost doubled and still going up. Finally the big moves I was predicting back then are happening as forecast, a little later but not much than I expected.

So how high will this spike go? A brief spike above $1000 is possible, followed by lots of doubt and fall in price before the real speculative bubble then begins. Lets see

[dumpida]

When I opened this thread bitcoin was at about $320, now almost doubled and still going up. Finally the big moves I was predicting back then are happening as forecast, a little later but not much than I expected.

So how high will this spike go? A brief spike above $1000 is possible, followed by lots of doubt and fall in price before the real speculative bubble then begins. Lets see

I think the price will fluctuate around the $780 range for a few weeks before the halving, then it will rise to $1000.