Calm before the storm?

[protokol]

Things seem eerily quiet. It's a Mexican standoff right now, no-one wants to pull the trigger.



If you look at 3 month charts, there's one hell of a bullish pennant that's formed. I think there's a good chance we'll see a breakout from here, seems to be strong resistance at the current price, it's just no-one wants to be the first to start buying...

>$800 within a week or 2 is my prediction.

[MingLee]

It's possible we'll see $800 or above, but I wouldn't be 100% sure that we'll see a bull movement with the market at that kind of level. It is entirely possible, but unlikely for the next week or two. I would think that we'll see a bull move in something like a month or two, but pegging >$800 in two weeks or less seems relatively unreasonable.

[NAMBLA Scientist, the]

>$800 within a week or 2 is my prediction.

See this, OP?
http://s.twistynoodle.com/img/r/bus/this-is-a-bus-2/this-is-a-bus-2_worksheet.png
This is what you'll be riding for the rest of your life with predictions like that.

< $600 within a week.

[protokol]

>$800 within a week or 2 is my prediction.

See this, OP?

This is what you'll be riding for the rest of your life with predictions like that.

< $600 within a week.

Well, we'll see soon enough won't we.

At least I won't be riding little kids eh! 

[Snorek]

>$800 within a week or 2 is my prediction.

< $600 within a week.

May I ask on what you base this assumption that price will drop? Because every charts, market tendencies and price analytics say otherwise.
We won't be seeing $800 I guess, but $680-$700 is real target here. Market seems consolidated and ready to resume climbing.

Reference: https://www.cryptocoinsnews.com/bitcoin-price-consolidating-640/

[jhenfelipe]

Well, nobody knows what the price will be. I don't expect too much for the price increase, but of course I'm still hopeful that it will increase rather than decrease. I think it will take time to feel the effect of halving to the price of bitcoin. It maybe two months or up to see (in my opinion). I based my prediction on the price chart last halving which was in 2012. Anyway, if the price will rise sooner, that's better

[The Sceptical Chymist]

Jesus Christ,  that NAMBLA dude is a creeper.   You may want tonot post pics from kids' school workbooks and whatnot.   

OP, technical analysis is mostly garbage and I disregard tips from techies.  The halving brought a huge rise right before it happened and now we're stalled.  Did you predict that?

[protokol]

Jesus Christ,  that NAMBLA dude is a creeper.   You may want tonot post pics from kids' school workbooks and whatnot.   

OP, technical analysis is mostly garbage and I disregard tips from techies.  The halving brought a huge rise right before it happened and now we're stalled.  Did you predict that?

Actually yeah, I posted a few times that the halving would be priced in gradually before the actual date, I wasn't surprised that no drastic move occurred at the exact time. That's how markets generally work.

I agree that most TA is bullshit, but there are some aspects of charts that can give clues as to what might happen IMO.

I tend to look at it like a poker hand, it's never even close to 100%, but some indicators signify good odds.

In this case, my prediction is based roughly 50/50 on (what I consider) a bullish looking chart, and a gut feeling.

[ASHLIUSZ]

It's possible we'll see $800 or above, but I wouldn't be 100% sure that we'll see a bull movement with the market at that kind of level. It is entirely possible, but unlikely for the next week or two. I would think that we'll see a bull move in something like a month or two, but pegging >$800 in two weeks or less seems relatively unreasonable.

The current stability in bitcoin’s price is more better than its previous price changes, possibilities are more for the price to hit $700 to $750 in the coming weeks.

[helloeverybody]

It's possible we'll see $800 or above, but I wouldn't be 100% sure that we'll see a bull movement with the market at that kind of level. It is entirely possible, but unlikely for the next week or two. I would think that we'll see a bull move in something like a month or two, but pegging >$800 in two weeks or less seems relatively unreasonable.

The current stability in bitcoin’s price is more better than its previous price changes, possibilities are more for the price to hit $700 to $750 in the coming weeks.

This!
Stability is always good in bitcoin, when bitcoin remains at a stable price for a long time usually its followed by an increase in price. I didnt actually think we would be getting a price rise anytime soon as i was in the belief that we would have some large sell offs first, but with the stability we've had the last wee while it seems more than promising that the next move will be an upwords trend. Id say we could possibly stabalise around $700 or slightly higher if we are lucky.

[pooya87]

Jesus Christ,  that NAMBLA dude is a creeper.   You may want tonot post pics from kids' school workbooks and whatnot.   

OP, technical analysis is mostly garbage and I disregard tips from techies.  The halving brought a huge rise right before it happened and now we're stalled.  Did you predict that?

nobody here is doing witchcraft so nobody can predict anything, it is all speculation. take it or leave it. right now despite all the expectation of big dumps after the halving because of the lack of moon reaching were wrong and i take it as a good sign when you see the stable price which means the demand is still there. so right is more possible in this situation.

[20kevin20]

It can't take just a week. At least a month before going over $650. Maybe in a week we'll see just a slight movement of the price falling down, but not going so much above the price it is. It goes down for a while (a few months) and then rises above what it is right now, but that will take months, if not years.

[Coinnosaurus]

>$800 within a week or 2 is my prediction.

< $600 within a week.

May I ask on what you base this assumption that price will drop? Because every charts, market tendencies and price analytics say otherwise.
We won't be seeing $800 I guess, but $680-$700 is real target here. Market seems consolidated and ready to resume climbing.

Reference: https://www.cryptocoinsnews.com/bitcoin-price-consolidating-640/

I wouldn't rely on analysis from media ,they want you to see what they want

[20kevin20]

>$800 within a week or 2 is my prediction.

< $600 within a week.

May I ask on what you base this assumption that price will drop? Because every charts, market tendencies and price analytics say otherwise.
We won't be seeing $800 I guess, but $680-$700 is real target here. Market seems consolidated and ready to resume climbing.

Reference: https://www.cryptocoinsnews.com/bitcoin-price-consolidating-640/

I wouldn't rely on analysis from media ,they want you to see what they want

That's right. A few weeks/months before Brexit, everyone said it's going to be a Leave vote. Two days before Brexit, 'new polls' and analysis showed that the Leave supporters will loose, so Brexit won't happen. That was incorrect. Soros told us that there will be no Brexit just before he bought gold, so why would he do it if he bought gold? Because he already had the information that it will. Nobody except the elites know what's happening to the currencies, and they do because they can control them in any moment they want, the way they want to.

[mkc]

>$800 within a week or 2 is my prediction.

< $600 within a week.

May I ask on what you base this assumption that price will drop? Because every charts, market tendencies and price analytics say otherwise.
We won't be seeing $800 I guess, but $680-$700 is real target here. Market seems consolidated and ready to resume climbing.

Reference: https://www.cryptocoinsnews.com/bitcoin-price-consolidating-640/

I wouldn't rely on analysis from media ,they want you to see what they want

That's right. A few weeks/months before Brexit, everyone said it's going to be a Leave vote. Two days before Brexit, 'new polls' and analysis showed that the Leave supporters will loose, so Brexit won't happen. That was incorrect. Soros told us that there will be no Brexit just before he bought gold, so why would he do it if he bought gold? Because he already had the information that it will. Nobody except the elites know what's happening to the currencies, and they do because they can control them in any moment they want, the way they want to.

I concur that we should not relies on analysts.
But triangle consolidation is neutral, price may go up or down once it break out.

[1Referee]

I don't mind this current stability in the price. But yes, the market is waiting for something as there is no clear direction of where to go. My guess is if this takes a few days more, that some whales will start with dumping out of boredom. Can't see the price reach $800 this month. I of course hope it does, but chances are small.

[mishra1994]

i also want bitcoin price to become more stable.Right now halving has not effected it much.but i think it will increase slowly in the upcoming days.Yes 800$ this month is not possible according to me may be till end of August it will reach 800$

[NAMBLA Scientist, the]

>$800 within a week or 2 is my prediction.

< $600 within a week.

May I ask on what you base this assumption that price will drop? Because every charts, market tendencies and price analytics say otherwise.

Huh?
BTC exchange volume: $84 mil/24hr, lowest I can remember. https://coinmarketcap.com/

Brexit, “bitcoin's coming out party as a global safe haven investment. Amazing." according to Barry Shillbert. Reality: Bitcoin price down over $100 on results. Talk about disappointment.

The Halvening pump is over.

U.S. stocks zoomed to their first record high in more than a year on Monday. http://money.cnn.com/2016/07/11/investing/stocks-record-high-dow-jones-sp-500/
So much for the "shit economy" backstory.

I stand behind my prediction:

See this, OP?
http://s.twistynoodle.com/img/r/bus/this-is-a-bus-2/this-is-a-bus-2_worksheet.png
This is what you'll be riding for the rest of your life with predictions like that.

< $600 within a week.

[Rastanan]

We need to wait for a few more months. The bitcoin price is consolidating after the big rise in May and June.

[richardsNY]

I think this month we might see the price reach $700 as the highest point, but other than that there is not much special to expect in the coming weeks and months. I just hope for the price to go up slowly as that makes the chances higher of seeing it being maintained for a longer period.