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Author Topic: Silence! accumulation?  (Read 1358 times)
cryp24x
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January 16, 2017, 10:25:36 PM
 #21

I guess accumulation is almost done Grin  Getting sideways means we gonna see an uptrend soon.  But I think this depends on the next press release about Bitcoin and other factors affecting traders reaction.  If a good news is being stressed this following week, I think we are up for the next uptrend of Bitcoin price.



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January 17, 2017, 05:12:51 PM
 #22

It is almost too quiet now..
I think we have a winner.

Congrats. Now start going long for the next pump.

haha, i buy my coins before the silence and when there is lots of sound, the negative sound where everyone is crying why price is falling and bitcoin is dead.
and then i sell again only if there is a sudden rise not just small rises and pumps have been rare for some time.


Cool. But listen here. Don't be telling everyone how to trade like a pro. You gotta teach them buy high sell low and continue until you are broke.
 Grin

it happens with my friends, many of them is buying bitcoin when the price is $9xx and $1k, but after the price drops, half of them gets panic sell but the other half is still hold it until now. maybe i would think that now bitcoin has a new floor and get that stable price now.

If its your real friends then you should guide them down the right path. Just lie to people on the forum not in real life.  Grin

That's because everyone is busy buying. Like you should be.
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January 17, 2017, 05:38:35 PM
 #23

I guess accumulation is almost done Grin  Getting sideways means we gonna see an uptrend soon.  But I think this depends on the next press release about Bitcoin and other factors affecting traders reaction.  If a good news is being stressed this following week, I think we are up for the next uptrend of Bitcoin price.

if the rise stops at $890-$910 and like always starts struggling around this price i wouldn't expect much news release regarding bitcoin but if you saw a rise bigger than that in a couple of days (max 1 week) from now you are going to see this topic again: "China bans bitcoin" of course like the last 100 times it would be pure FUD.

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January 17, 2017, 05:44:46 PM
 #24

wow barely any movement today completely sideways
Exactly. This is what is happening, sideways movements, possible stagnation, traders are not certain of the market direction after the recent selloff.
But it is actually a good sign, we can observe slight upward momentum forming. This might be good time to buy.

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