Long Term Speculation of Bitcoin - Sell $400 Buy $300 Sell $500

[1Referee]

I don't think we will be seeing 300 again any time soon, if ever.

The best thing to do is HODL until after the halving at least.

People were also not expecting to see the price fall below $400 anymore this year, but it still happened. Anything can happen when it comes to Bitcoin as we have seen plenty of times already. Did any one expect the price to go sub $200 in 2015? Nope. But it still happened.

[1715593637]

1715593637

[1715593637]

1715593637

[1715593637]

1715593637

[Loimu]

I don't think we will be seeing 300 again any time soon, if ever.

The best thing to do is HODL until after the halving at least.

I am with you on this one. Please do quote me and tell me wrong if the day comes when we hit $300 again. I really just think that day won't come. Of course anything is possible though and I will not sell even if it comes but still. I have no faith in $300, the momentum is picking up and cannot see any 'bad' news circulating bitcoin for now, pretty much just the opposite. Price will go up now.

[Amph]

I don't think we will be seeing 300 again any time soon, if ever.

The best thing to do is HODL until after the halving at least.

I wish you were correct but the daily chart tells me $300 is more likely then $500 at the moment.

The give-away was the recent failed highs and lower lows.

that because of the fake dump, so as a result you get fake data, you need also to comapre the last data when we were at 450 and above

don't be fooled by those manipulation that may occur for 1 two days because of random bad news, some times good TA is fucked because of this

[MatTheCat]

IF it breaks, I will be looking for weakness near the trendline. If the trendline breaks and if closes above those recent highs, I will look to get out.

Yes it will either go to $350 or $300, $300 is better support.

$315 would be the target of AB=CD Harmonic trade. This is the trade I am eyeing up below, but after being screwed over trying to pick the last bottom (got stopped on FU move down to $352), I am going to be very wary of my entry this time around. Expecting a FU move up beyond $328 (Finex), which is where I will be looking to go shoprt,and is perhaps also one reason why it WONT happen, but still.......

[adaseb]

If $390, $375, or $350 look like they are providing any support, I might hedge my short position and re-enter higher.

Average position $416

[MatTheCat]

If $390, $375, or $350 look like they are providing any support, I might hedge my short position and re-enter higher.

Average position $416

Well done with your short entry......and here is me sitting around like a distrustful bitch, thinking that 'they' will pull off another FU move to wipe out Short Stops.......

Tell ya...it is one thing calling this dirty whore of a market, quite another thing trading it.

[Dekker3D]

If $390, $375, or $350 look like they are providing any support, I might hedge my short position and re-enter higher.

Average position $416

Well done with your short entry......and here is me sitting around like a distrustful bitch, thinking that 'they' will pull off another FU move to wipe out Short Stops.......

Tell ya...it is one thing calling this dirty whore of a market, quite another thing trading it.

Chart Analysis don't apply much in btc due to unexpected "sort of" news. Bitcoin market are moved by emotions due to news as well as currency dips like that of Yuan.

[MatTheCat]

Chart Analysis don't apply much in btc due to unexpected "sort of" news. Bitcoin market are moved by emotions due to news as well as currency dips like that of Yuan.

People who say that, clearly don't know what they are talking about.

BTC has been hard to trade of late, namely because of FU moves, and moves not allowing traders to implement adequate risk management. BTC does this not because of 'news', but because very few hands control way too much of the wealth in the market, and it is manipulated as fuck.

[adaseb]

I covered some of my short in the $396 area and will re-short at a higher price because the $392 support held. Might reshort at $405 resistance now.


For everybody complaining about technical analysis and stuff. News only accelerates what is suppose to happen. Most of Bitcoins moves are based on technicals and not fundamentals.

If it was based on fundamentals then it would be $10,000 by now.

[adaseb]

Watching and seeing if this $390 / 2600 area holds or breaks. 

[talks_cheep]

"If it was based on fundamentals then it would be $10,000 by now."

Let me correct it for you:

If it was based on fundamentals then it would be $10 by now.

[lexuz]

nice method and now this method is working well because price 2-3 days ago bitcoin just touch $415 and now price drop under $390

[cptdome1]

I am waiting to buy again below $350, I think we see $300 before $500 in the next couple months

[adaseb]

Still holding the short from $416, looks like $350 will come soon and then wait and see if it holds, if not then $300 is definately happening soon.


Major support at $300

[Nahl]

if i see with the current price i guess we will see bitcoin price down again to $350 or below and i'm still wait for that because it's time to buy and hold it