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Author Topic: Time for another bull move  (Read 4397 times)
afbitcoins
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May 14, 2013, 11:06:49 AM
 #1

Heres a chart from my blog



It will be interesting to see what happens when the price hits this line in the near future. Will we get a bounce up in price. I think there’s a decent chance that may happen and if it does the chart will start to look rather bullish again.

If you’ve been sitting out, maybe its soon time to get back into bitcoins?
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May 14, 2013, 11:24:31 AM
 #2

Lets talk about this when its at 125.
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May 14, 2013, 11:32:33 AM
 #3

Since may 3rd, there is a constant growth of demand, a couple of percent every day (according to my tracking of mtgox order book).
It looks good Smiley
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May 14, 2013, 01:06:05 PM
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I reckon prices might be higher than $200 USD before long

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May 14, 2013, 02:12:36 PM
 #5

Heres a chart from my blog



It will be interesting to see what happens when the price hits this line in the near future. Will we get a bounce up in price. I think there’s a decent chance that may happen and if it does the chart will start to look rather bullish again.

If you’ve been sitting out, maybe its soon time to get back into bitcoins?

This chart clearly illustrates to me the trader sentiment that the April 10 bubble can be re-inflated. This sentiment should become weaker as peaks at $266, $166, $147 and now $125 remain unsurpassed.
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May 14, 2013, 02:14:51 PM
 #6

+1

It's bull time, hang on to your knackers!

Pies
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May 14, 2013, 02:18:47 PM
 #7

Heres a chart from my blog



It will be interesting to see what happens when the price hits this line in the near future. Will we get a bounce up in price. I think there’s a decent chance that may happen and if it does the chart will start to look rather bullish again.

If you’ve been sitting out, maybe its soon time to get back into bitcoins?

This chart clearly illustrates to me the trader sentiment that the April 10 bubble can be re-inflated. This sentiment should become weaker as peaks at $266, $166, $147 and now $125 remain unsurpassed.

Simply the coin growing because more and more people are starting to use it isn't possibility, no?

Its price is not a very relevant factor in its adoption....
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May 14, 2013, 02:25:43 PM
 #8

This chart clearly illustrates to me the trader sentiment that the April 10 bubble can be re-inflated. This sentiment should become weaker as peaks at $266, $166, $147 and now $125 remain unsurpassed.

But the bottom has gone from $50, to $79, to $98. If the bubble is over, why can't we have an uptrend or growth on a more realistic scale?

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May 14, 2013, 02:36:15 PM
 #9

This chart clearly illustrates to me the trader sentiment that the April 10 bubble can be re-inflated. This sentiment should become weaker as peaks at $266, $166, $147 and now $125 remain unsurpassed.

But the bottom has gone from $50, to $79, to $98. If the bubble is over, why can't we have an uptrend or growth on a more realistic scale?

I don't see why we can't. The bubble doesn't have to be reinflated but we could see a long and slow sustainable growth pattern similar to the long slow slide downwards after the 2011 bubble only in the opposite direction this time. Most of the time bitcoin has been going through a slow appreciation or depreciation instead of the volatile times we've had during and after parabolic growth. $125 doesn't have to be broken in a couple of days, the rocket launching phase could very well be behind us now. Boring as that may be. Tongue

Bitcoin = Gold on steroids
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May 14, 2013, 02:36:25 PM
 #10

I have been seeing some rather large purchases earlier....but it is still a bear market,imo.

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May 14, 2013, 02:44:07 PM
 #11

I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with.
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May 14, 2013, 02:46:15 PM
 #12

I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with.

Famous last words?
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May 14, 2013, 02:52:30 PM
 #13

I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with.

Famous last words?
Certainly not, I'd love it if it dropped to the 40s, lol. But if this chart, and others like it prove right, then yes, the 'bubble' may just re-inflate and we simply experienced a huge correction. I'm actually happy either way.
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May 14, 2013, 02:57:21 PM
 #14

2 days since we have about 2.19% growth rate daily. You can do the math also. I hope we can sustain that, with minor upside and downside bubbles

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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May 14, 2013, 02:58:41 PM
 #15

In 3 days everything that everybody in this thread before me has said will be proven wrong.

Mild resistance at $80, strong resistance at $70. Once 70 is broken there will be almost no resistance down to $50.

From there comes highly volatile times, before a phase of stability for almost 3 months, after which a new bubble will begin to form.

Mid January 2014 will see the peak of the bubble at absolutely insane highs, but with a new asian crypto-coin gaining in popularity the bubble pops before February begins.

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ElectricMucus
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May 14, 2013, 03:05:49 PM
 #16

I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with.

Famous last words?
Certainly not, I'd love it if it dropped to the 40s, lol. But if this chart, and others like it prove right, then yes, the 'bubble' may just re-inflate and we simply experienced a huge correction. I'm actually happy either way.

Sorry but I won't call that proof.
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May 14, 2013, 03:09:31 PM
 #17

In 3 days everything that everybody in this thread before me has said will be proven wrong.

Mild resistance at $80, strong resistance at $70. Once 70 is broken there will be almost no resistance down to $50.

From there comes highly volatile times, before a phase of stability for almost 3 months, after which a new bubble will begin to form.

Mid January 2014 will see the peak of the bubble at absolutely insane highs, but with a new asian crypto-coin gaining in popularity the bubble pops before February begins.

Aren't you the same retarded who posted this?

https://bitcointalk.org/index.php?topic=173558.msg1806423#msg1806423

At least now you're not using secret messages to make your predictions. Keep us updated on your car purchases though.

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May 14, 2013, 03:32:06 PM
 #18

I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with.

Famous last words?
Certainly not, I'd love it if it dropped to the 40s, lol. But if this chart, and others like it prove right, then yes, the 'bubble' may just re-inflate and we simply experienced a huge correction. I'm actually happy either way.

Sorry but I won't call that proof.
Note that I said in my first post 'may be proven' and in my second "if" they prove true. So if the price eventually reaches say 280, then yes, it wasn't a bear market, and yes many of these charts were on the right track. I didn't say that if the price reaches 126 than we are 100% in the clear.
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May 14, 2013, 03:34:30 PM
 #19

This chart clearly illustrates to me the trader sentiment that the April 10 bubble can be re-inflated. This sentiment should become weaker as peaks at $266, $166, $147 and now $125 remain unsurpassed.

But the bottom has gone from $50, to $79, to $98. If the bubble is over, why can't we have an uptrend or growth on a more realistic scale?

$1/day is not bad. => +$365 per year. :-) (300%)
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May 14, 2013, 03:39:26 PM
 #20

In 3 days everything that everybody in this thread before me has said will be proven wrong.

Mild resistance at $80, strong resistance at $70. Once 70 is broken there will be almost no resistance down to $50.

From there comes highly volatile times, before a phase of stability for almost 3 months, after which a new bubble will begin to form.

Mid January 2014 will see the peak of the bubble at absolutely insane highs, but with a new asian crypto-coin gaining in popularity the bubble pops before February begins.

Just asking but "new asian crypto-coin" are you talking about one of the new ones now or TBD?

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