Patience is Key in Long-Term $BTC Outlook...

[S3052]

Long Term Outlook (UP AS LONG AS 350 $ HOLDS): Fortunately for some and unfortunately for others, the market is back to its stable ways as indecision and distraction continue to weight on the market. A few weeks ago the distraction was Monero, this week it is a bug in the new Ethereum client that sent ETH hash rate and price down substantially overnight.

Regardless of what the cause, the technicals have been steadily signaling this type of sideways action for quite some time, and are now starting to resemble other consolidation periods fractally so at least we have a notion of where we are headed, generally speaking. Having said that, we want to make sure we are in tune with the market by taking a look at the long term timeframe today via the monthly chart below.

First of all, the rounded bottom at 150 $ and the bullish market structure since then should both be extremely encouraging for longer term bulls. Not only that, but it appears as though we have a working Cup & Handle with support at the uptrend line which is a bullish continuation pattern. Finally, SCMR is painting bright green candles in addition to strong dynamic support at 350 $ meaning that as long as we hold above there then the bulls will remain in control. On the other hand, Willy is getting awfully close to overbought, RSI is pulling back but remains bullish, and MACD is rolling over slightly for the time being.

Additionally, volume profile is still rather porous although we are back inside the value area, and the A/D line remains steady despite lackluster price action and low trading volumes over the past few months. All told, the chart is giving mixed signals for the shorter term outlook but remains bullish over the long term.

Patience and neutrality will continue to be our defenses for the time being, although we are still buyers of dips down into our ProTrade long zones.

https://www.bullbearanalytics.com/

[bitjoin]

I see many words that i have to read.  Would you ever make a youtube channel and talk it through that way.  People give away much info for free now anyway like this channel is great:

https://www.youtube.com/channel/UCxGWV3wgUUwL1gQVXqS53Dg/videos

[equator]

I totally agree with you but if you also do small trading that will keep bitcoin in the market and even you can leverage your price and even you can get more return and you can up the bitcoin investment.

[betlord90]

I totally agree with you but if you also do small trading that will keep bitcoin in the market and even you can leverage your price and even you can get more return and you can up the bitcoin investment.

Yes its better to do that because trading is the best way to get profit and easy to earn. Do some trading to increase your capital and earn big trading altcoins or in dollar you can do it in different platform becuase now the trading is the best way you can get money.

[JeffBrad12]

Patience and neutrality will continue to be our defenses for the time being, although we are still buyers of dips down into our ProTrade long zones.

The stagnant progressing of bitcoin is already sue us for providing the patience and neutrality. We are not providing the patiently but the charts are sued us for being patient.

[Gahs]

If bitcoin is relatively stagnant, try some altcoin. For instance DGD is not stagnant, the coin has almost doubled in price within a month. Don't know how long it will stay that way though.

[bitjoin]

If bitcoin is relatively stagnant, try some altcoin. For instance DGD is not stagnant, the coin has almost doubled in price within a month. Don't know how long it will stay that way though.

Not good for someone like me who only has 10 mins each day to check trading market i like to make trades over several months at a time these days.  Altcoins come and go fast the only one to be stable is LTC for me others are unproven over time.

[Dudeperfect]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

[S3052]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

indeed, as we both anticipated, bitcoin prices rallied higher. massive profit from the 350 $ area, almost tripled

[Dudeperfect]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

indeed, as we both anticipated, bitcoin prices rallied higher. massive profit from the 350 $ area, almost tripled

Yes, but do you know the secret? The film is yet to start. The Bitcoin price chart will be an interesting option watch along with some good movies in 2017.

I still believe in accumulating along with some expenditure, cheers

[iram3130]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

indeed, as we both anticipated, bitcoin prices rallied higher. massive profit from the 350 $ area, almost tripled

Yes, but do you know the secret? The film is yet to start. The Bitcoin price chart will be an interesting option watch along with some good movies in 2017.

I still believe in accumulating along with some expenditure, cheers

Ha ha... Very much true. This is just a trailer yet. It has a lot more potential than what we are feeling right now. Hopefully 2017 will be way more better than 2016 

[Dudeperfect]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

indeed, as we both anticipated, bitcoin prices rallied higher. massive profit from the 350 $ area, almost tripled

Yes, but do you know the secret? The film is yet to start. The Bitcoin price chart will be an interesting option watch along with some good movies in 2017.

I still believe in accumulating along with some expenditure, cheers

Ha ha... Very much true. This is just a trailer yet. It has a lot more potential than what we are feeling right now. Hopefully 2017 will be way more better than 2016  

Yes we can expect some good growth in the year 2017 because bitcoin has that potential but we should contribute our efforts in building awareness about bitcoin on our individual level. We should take efforts for growth of the bitcoin user base and that will make the impact in the long term (prices are uncertain but users are not). I think, we should make at least 24 people (each) aware about bitcoin in the year 2017 so at the end of the year we will have 2,300% growth at the end of the year in the user base.

Well, educating 2 people a month is not as that hard part, right?

[Idrisu]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

Those indicators you mentioned are strong indication that the market will soon move to a particular direction. the skillful, experience and professional traders don't trade based on this open indicators but they analysis the market based on so many factors e.g current market volumes, market action and fundamental issues.

[pooya87]

real patience with bitcoin is very hard sometimes, specially with all the volatility and the FUDs that are flying around everywhere you look in times of boring market.
but those who have this kind of patience will be rewarded big time. say you buy at low prices of $200 and keep all of it until today, that is already 5x profit. and then looking at bitcoin's real potential and the adoption that has not yet happened, you can see this 5x is still too small a profit for you. and there are more profits to come.

[amacar2]

indeed, as we both anticipated, bitcoin prices rallied higher. massive profit from the 350 $ area, almost tripled

I was patiently holding whatever i have bought in $400 range while few of my friend used to call me foolish to buy on dump but now they keep saying shit we also should have followed you. Bitcoin price will always tend to increase in longer term, the one who buys at dump gonna be rich in future.  

[beerlover]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

Those indicators you mentioned are strong indication that the market will soon move to a particular direction. the skillful, experience and professional traders don't trade based on this open indicators but they analysis the market based on so many factors e.g current market volumes, market action and fundamental issues.

Patience may be the key to making a good profit and a good investment , but this does not mean that we have to wait for a very long time holding bitcoin and  waiting for the price to go very high, because at some point the price will go down and then we will lose our opportunity and we would have wasted time .

[S3052]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

Those indicators you mentioned are strong indication that the market will soon move to a particular direction. the skillful, experience and professional traders don't trade based on this open indicators but they analysis the market based on so many factors e.g current market volumes, market action and fundamental issues.

Patience may be the key to making a good profit and a good investment , but this does not mean that we have to wait for a very long time holding bitcoin and  waiting for the price to go very high, because at some point the price will go down and then we will lose our opportunity and we would have wasted time .

Fully agree with you. Buying and holding bitcoins has been by far inferior versus selling the tops and buying back the lows.

[BTCLovingDude]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

Those indicators you mentioned are strong indication that the market will soon move to a particular direction. the skillful, experience and professional traders don't trade based on this open indicators but they analysis the market based on so many factors e.g current market volumes, market action and fundamental issues.

Patience may be the key to making a good profit and a good investment , but this does not mean that we have to wait for a very long time holding bitcoin and  waiting for the price to go very high, because at some point the price will go down and then we will lose our opportunity and we would have wasted time .

Fully agree with you. Buying and holding bitcoins has been by far inferior versus selling the tops and buying back the lows.

[i m g]https://www.bullbearanalytics.com/uploads/7/5/9/0/75902423/screen-shot-2016-12-05-at-3-14-03-pm.png?618[/img]

that is true but also you have to remember that not everyone is capable of day trading. many fail miserably when they try to "buy the dip and sell the top" they get scared,... and end up buying at a wrong time and selling at another wrong time.

and besides doing that needs spending a considerably longer times trading and most people don't have that to spare so they end up hodling which is still pretty good.

[iram3130]

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

indeed, as we both anticipated, bitcoin prices rallied higher. massive profit from the 350 $ area, almost tripled

Yes, but do you know the secret? The film is yet to start. The Bitcoin price chart will be an interesting option watch along with some good movies in 2017.

I still believe in accumulating along with some expenditure, cheers

Ha ha... Very much true. This is just a trailer yet. It has a lot more potential than what we are feeling right now. Hopefully 2017 will be way more better than 2016  

Yes we can expect some good growth in the year 2017 because bitcoin has that potential but we should contribute our efforts in building awareness about bitcoin on our individual level. We should take efforts for growth of the bitcoin user base and that will make the impact in the long term (prices are uncertain but users are not). I think, we should make at least 24 people (each) aware about bitcoin in the year 2017 so at the end of the year we will have 2,300% growth at the end of the year in the user base.

Well, educating 2 people a month is not as that hard part, right?

Everyone has to do it, Not just you and me. It is not easy to convince people the concept of Bitcoins. People are still confused on how Bitcoins are generated and how it has so low transaction fees. 

[dearbesz1219]

Patience actually can give us a big contribution for us to become prosper in this industry. Because once we had this things, everything we do in the trading will be easy for us to earn bitcoins, being patience too also teaching us to have a self discipline while we do trade in the exchange platform.