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Author Topic: Incoming third bubble..?  (Read 2888 times)
spazzdla (OP)
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June 28, 2016, 02:04:19 AM
 #1

http://bitcoincharts.com/charts/bitstampUSD#rg1460ztgSzm1g10zm2g25zv

http://bitcoincharts.com/charts/mtgoxUSD#rg1460zczsg2010-06-29zeg2013-01-28ztgSzm1g10zm2g25zv

December?

we are here ish..>?

http://bitcoincharts.com/charts/mtgoxUSD#rg1460zczsg2010-06-29zeg2012-08-28ztgSzm1g10zm2g25zv

notably similar.
M28MmickT
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June 28, 2016, 02:09:52 AM
 #2


Looks similar, and if it is just like the past bubbles, it will take us very high.

mrkavasaki
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June 28, 2016, 02:14:30 AM
 #3

https://www.google.de/trends/explore#q=bitcoin

 Shocked
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June 28, 2016, 05:11:47 AM
 #4

I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.

martinacar
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June 28, 2016, 06:11:15 AM
 #5

I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.

It's hard to say/predict. From what I have learned bitcoin is not to be analyzed like traditional charts.
Technical analysis seems close to impossible with bitcoin.
Dekker3D
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June 28, 2016, 06:15:21 AM
 #6

I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.

It's hard to say/predict. From what I have learned bitcoin is not to be analyzed like traditional charts.
Technical analysis seems close to impossible with bitcoin.

Yes, technical analysis is way different in bitcoin due to price manipulation by traders. But unfortunately some bunch of people rely to the candlestick methods to 'guess' the next price movement.

zby
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June 28, 2016, 06:23:31 AM
 #7

I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.

It's hard to say/predict. From what I have learned bitcoin is not to be analyzed like traditional charts.
Technical analysis seems close to impossible with bitcoin.

That is the opposite of what I experience. I would never try to TA traditional stocks - their charts look so random - while in bitcoin the TA rules more or less work (stuff like parts of EW, divergencies, trend lines, etc).
helloeverybody
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June 28, 2016, 06:40:25 AM
 #8

It would seem a bit to predictable to have another bubble before the halving now, Id more expect nothing to happen all the way up to the halving and then maybe some time after (a few months maybe) We might see a small bubble. The way i see it is theres no point in having bubbles if they are just going to burst. What we need is actual growth for/after the halving to maintain prices. Not just artificial inflation.

zby
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June 28, 2016, 07:04:26 AM
 #9


I think this is spot on. But we'll need to wait a bit longer than this December.

In the MtGox chart the pre-bubble pad to the $15 peak is 273 days and then the part that you don't show from the $15 peak to the bubble start is another 137 (to 1.01.2013 - the price then was still about $13.5 and it was about to start bubbling up). The downslide is 133 days - so it is about three times less.

Now the downslide was 413 days (to 14.01.2015 the bitstamp lowest point) or 629 (18.08.2015 - the bitfinex lowest point).

So if we want to have the same proportions the next bubble should start either

about 1200 days after 14.01.2015 - that is May 2018
or
about 1900 days after 18.08.2015 - that is October 2020

Wow that was surprising even for me how far away it gets.
Denker
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June 28, 2016, 08:33:18 AM
 #10

I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.

Halving is going to happen in 13 days.A jump to $800 is not impossible but not very likely.
I think we will see some sidewards movement in a 600-700 range before we see a significant rise again later this year.
1Referee
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June 28, 2016, 08:45:07 AM
 #11

I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.

Halving is going to happen in 13 days.A jump to $800 is not impossible but not very likely.
I think we will see some sidewards movement in a 600-700 range before we see a significant rise again later this year.

$800 is $150 away from the current price level. If China keeps pumping like they have done very recently, then it's possible to see $800 prices before the halving. If they don't pump, then we'll most likely stay far below $800 till the halving.
sirohige
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June 28, 2016, 08:47:24 AM
 #12

of course yess Smiley
bitcoin will be more popular at this year, halving make the price rising, and sure the third bubble will come soon.
crytoboost
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June 28, 2016, 09:05:56 AM
 #13

I also think this time it has pretty good chance to surpass $800 floor easily, these signs are showing something interesting about huge rise and i hope it will happen soon and before end of this year we would be above $1000 for sure.
CryptoBjorn
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June 28, 2016, 09:55:34 AM
 #14

I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.

It's hard to say/predict. From what I have learned bitcoin is not to be analyzed like traditional charts.
Technical analysis seems close to impossible with bitcoin.

Yes, technical analysis is way different in bitcoin due to price manipulation by traders. But unfortunately some bunch of people rely to the candlestick methods to 'guess' the next price movement.

The problem is the market is not functioning healthy, Too much manipulation. Either by whales, mining farms and even exchanges. Which makes it hard for us 'normal' people to see what will happen, or even worse predict what will happen.

The only thing what we can predict is the long term prediction for bitcoin... up
Mishik
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June 28, 2016, 10:06:06 AM
 #15

Third? Please, there've been way more bubbles in bitcoin's lifetime than 3. But I'm definitely expecting a sharp rise, and maybe yes, even a bubble.
ashkanb
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June 28, 2016, 10:18:44 AM
 #16

one thing i learnt following crypto trends, similarity barely means anything; having said that, by all means, another bubble, please, yes!!!
personally i'm all down for one more major bubble & a few minor ones before btc hits 10yo.
but as i've said other places, what btc needs most is stable growth;
volatility is sure a lot of fun but other cryptos are doing a whole lot of that (probably too mcuh but whatever);
what btc should do is slooowly starting to act it's age, on its way to its second decade!
maku
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June 28, 2016, 10:52:49 AM
 #17

I think we will see long period of stability now. Halving won't change markets immediately as most people might think - you have to realize that there are over 15 of 21 millions of BTC mined already.
We have plenty of supply to sustain every demand - market and miners will have to take time to realize that.
600watt
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June 28, 2016, 11:01:03 AM
 #18


i see...   interesting.
november is the run-up month. i do not expect anything spectacular till then.
umaOuma
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June 28, 2016, 11:29:49 AM
 #19

Well IMO I think it will be possible. I also hope that the third bubble would be great. Expecting great things trough this rally and hope it rises to 1000$ this coming july.

$1k is difficult to achieve at the halving, as price is stable now and even if its moving its moving in lower direction, and if it starts rising in coming days then also we can expect max price of $800 at halving.
thejaytiesto
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June 28, 2016, 02:08:18 PM
 #20

Interest over Bitcoin is about to explode, all the mainstream media is starting to report on it a lot lately. This time a lot of shorter will get burned. There are some know it all smartass guys that think when mainstream media reports you have to sell, but this eventually will not be the case, so those guys will sell and be left out of the game with 0 BTC.

Time to HODL.
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