The local bubble is about to burst

[-Greed-]

Looks like there's a dump coming. My guess is it will start cashing at the double top (4-5 days until it happens). What do you guys think?

[1714059931]

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[1714059931]

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[Dafar]

Stupid ass TA

[agustina2]

Where will the dump came from?

Didn't you know that when sudden dump came many will attempt to buy that's why still it can't get the price much down?

[zby]

I don't think there will be a double top - sure there will be a lot of resistance - but people are expecting that. Last time 500 was a really crazy target so when it started dropping it could not find bottom - now traders are more accustomed to thinking that it might in fact get back to 1000 and above.

  - just speculating

[LFC_Bitcoin]

Stupid ass TA

So many people fall flat on their faces trying to understand shit they're not capable of.

TA = a load of crap mostly unless you really know what to look for, anybody can draw squiggly lines on a graph & say where they thing the price will swing. Very often people lose a shit load of money doing this.

[agustina2]

I don't think there will be a double top - sure there will be a lot of resistance - but people are expecting that. Last time 500 was a really crazy target so when it started dropping it could not find bottom - now traders are more accustomed to thinking that it might in fact get back to 1000 and above.

  - just speculating

There you go mate. Last rally there's really no bottom. Last resistance found was around $280-300 before jumping to $500 thats why when sudden price down it ends at the last resistance build. Today was different. It stays for 320 , 350 , 380 , 400 and now at 436 and not do a sudden price pump which is a good sign for establishing support.

[ssmc2]

Seems more likely we'll see another parabolic rise to 6-700 then settle back down somewhere above 500

[WENGER]

I have this feeling that this time, is going to be a lot different than the last pump and burst. It's not that sudden spike, it's more of a gradual one which is really good, meaning the reason behind the rise in value is not proportional to external causes this time so I don't expect a big decrease in value.

[agustina2]

Seems more likely we'll see another parabolic rise to 6-700 then settle back down somewhere above 500

That was the best thing to happen. Imagine a new floor at 500. Im much excited in this than reaching price at $1000 because it will take time before it happens.

[NorrisK]

I have this feeling that this time, is going to be a lot different than the last pump and burst. It's not that sudden spike, it's more of a gradual one which is really good, meaning the reason behind the rise in value is not proportional to external causes this time so I don't expect a big decrease in value.

It is quit steep for a gradual rise... Price is about to grow like it did when leaving the mid 200 stages. 10-20 USD a day, small retraces and than slowly escalating to a huge spike.

[RodeoX]

When I look at a chart I see a record of what has happened, not a record of what will happen. I wish I could know the future. My guess is that there is more growth before an inevitable market correction.

[-Greed-]

Stupid ass TA

Double top is an extremely strong pattern you shouldn't ignore it.

I have this feeling that this time, is going to be a lot different than the last pump and burst. It's not that sudden spike, it's more of a gradual one which is really good, meaning the reason behind the rise in value is not proportional to external causes this time so I don't expect a big decrease in value.

This time it's different, huh? Bubbles burst. They always do. Doesn't matter that it's a more gradual spike. Eventually there is nothing resonable for price to grow further.

You should also understard that no one is interested in buying bitcoin anymore. This pump is doomed.

[ssmc2]

Stupid ass TA

Double top is an extremely strong pattern you shouldn't ignore it.

I have this feeling that this time, is going to be a lot different than the last pump and burst. It's not that sudden spike, it's more of a gradual one which is really good, meaning the reason behind the rise in value is not proportional to external causes this time so I don't expect a big decrease in value.

This time it's different, huh? Bubbles burst. They always do. Doesn't matter that it's a more gradual spike. Eventually there is nothing resonable for price to grow further.

You should also understard that no one is interested in buying bitcoin anymore. This pump is doomed.

Oh man you're gonna get burned so hard

[gentlemand]

No one can tell anyone what's gonna happen. It's all too strange and rapidly developing. I do find it a little odd how quickly people glue the world 'bubble' to any rise whatsoever. If this was a bubble I think sentiment would be rather more radical.

[Amph]

Seems more likely we'll see another parabolic rise to 6-700 then settle back down somewhere above 500

yeah, i'm in agreement with this it's my exact thinking, they are playing the market in wave, that increase the price further each time, with everytime a correction, to sustain the previous value

i don't know if there is a term for this in the TA bibble...oh found it, it looks like an elliott wave

[spazzdla]

Stupid ass TA

Double top is an extremely strong pattern you shouldn't ignore it.

I have this feeling that this time, is going to be a lot different than the last pump and burst. It's not that sudden spike, it's more of a gradual one which is really good, meaning the reason behind the rise in value is not proportional to external causes this time so I don't expect a big decrease in value.

This time it's different, huh? Bubbles burst. They always do. Doesn't matter that it's a more gradual spike. Eventually there is nothing resonable for price to grow further.

You should also understard that no one is interested in buying bitcoin anymore. This pump is doomed.

Tea cup pattern says your shorts are going to sink you HARD... good luck.. don't jump off a bridge in a few months.

[-Greed-]

It's gonna end quicker than I thought. It blows off tonight.

[iv4n]

I have this feeling that this time, is going to be a lot different than the last pump and burst. It's not that sudden spike, it's more of a gradual one which is really good, meaning the reason behind the rise in value is not proportional to external causes this time so I don't expect a big decrease in value.

Agree. Why every rise need to be a bubble? Is this some kind of rule?
I don't believe in decreasing in price, at least not some big one. Why we dont just relax and enjoy in this rise, and to hope that never will fall again.

[Mickeyb]

All I see it's two months of upward pressure that doesn't cease to exist! Now maybe we are not looking the same charts here!

[The Sceptical Chymist]

Stupid ass TA

You got that right, but you try telling all the techies here.  Honestly, I'd love to know how much money the technical analysis devotees on this forum have made as a result of being able to predict the price of bitcoin.  I say it can't be done.