Bitcoin rise is over

[adam1230]

You only see a divergence on chart with RSI indicator.
This does not make sense much. You cannot trade with only RSI indicator. Anyways lets wait and see .

[BillyBobZorton]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

The chart still indicates we are on a clear bulltrend and we are not out of this bull trend. You may be making the mistake of using linear charts, and to chart bitcoin and apply technical analysis you must use logarithmic chart. Everyone uses logarithmic chart to take decisions, so you may be calling a bubble for a long time now if you were looking at the linear charts. Keep holding and we will see an all time high soon.

[bajing]

Not yet, indeed the price is back down but there is one big news that can make bitcoin prices rise again. did you hear that goldman sanchs is exploring to plunge into crypto currency if this happens I'm sure bitcoin prices will exceed $ 5000.

[thejaytiesto]

It could be the whales wanting to get in at a cheap price before LedgerX launches, which is an unknown and it may be as soon as this month, and im sure whales that are out have whale friends that are in and they want to get in at a discount. I expect a pump once whales start registering accoutns in LedgerX, Wall ST money may come this way.

[Dailyroberts]

You only see a divergence on chart with RSI indicator.
This does not make sense much. You cannot trade with only RSI indicator. Anyways lets wait and see .

Indicators are mathematical expressions of what happened in the past. They can't give us accurate idea about the future. For the graph, I see nothing special. This doesn't mean the rise ended. The demand is still high and the traders still buying bitcoin. This will make the price go up once again.

[zokora]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

The chart still indicates we are on a clear bulltrend and we are not out of this bull trend. You may be making the mistake of using linear charts, and to chart bitcoin and apply technical analysis you must use logarithmic chart. Everyone uses logarithmic chart to take decisions, so you may be calling a bubble for a long time now if you were looking at the linear charts. Keep holding and we will see an all time high soon.

this chart is logarithmic and shows that bull trend end is near.

Yes I do hold, but also holding myself to increase bitcoin share in my portfolio I suggest you the same.

I do not call bubble for a long time, but 5000 was my target since the beginning of the year. Now it seems that bitcoin can not get over 5000 target easily. I will watch on

[Slow death]

what do you think about below chart?

I will not comment on your graphics

but about the price of bitcoin. I do not believe that the price reaches the $5000 at least until November 18. this situation caused by November 18 will cause the price to fall a lot

this situation on November 18 will be very different from bch or that BTG

[arpon11]

I think we would experience big correction very soon and if this happens we may see bitcoin's price below $3,500 and this do not mean there is going to be a great significant fall. If the price could not break below $4150 then we would experience this before the middle of this months. I think the best thing to do now is to wait and  see the price fall towards $3000 before buying.  

[danielcool]

I'm pretty sure it's only the beggining of bitcon rise

[blockman]

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

No, the bitcoin rise isn't over, the best thing and best fluctuation isn't yet to come. Don't compare the charts today and from the charts on 2013. Bitcoin is competitive and more people are seeing it's potential and that's why in my belief that good speculations are being followed by many bitcoin believers and they are confident that we will be reaching that moment. As for McAfee's prediction, many are hoping for that one.

[farhaan]

Correction of - $200 - $400 is already enough I'd guess? Don't compare it with 2013, we are different now there are so many investors now and more countries did adopted bitcoin. Bitcoin's rise will not be over and it will be going up very soon. That big correction you are talking maybe is the one that happened already last 2 weeks after China's ban and Dimon's fraud talks.

Absolutely,correction is almost over and we should remember that this price rise is after china's impact over bitcoin's price.The biggest threat bitcoin has had from the earlier days is the china's stand over bitcoin and it has almost gone and now we could not see any other factor which has the ability to affect the bitcoin price.So,bitcoin rise is yet to continue.

[manselr]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

The chart still indicates we are on a clear bulltrend and we are not out of this bull trend. You may be making the mistake of using linear charts, and to chart bitcoin and apply technical analysis you must use logarithmic chart. Everyone uses logarithmic chart to take decisions, so you may be calling a bubble for a long time now if you were looking at the linear charts. Keep holding and we will see an all time high soon.

this chart is logarithmic and shows that bull trend end is near.

Yes I do hold, but also holding myself to increase bitcoin share in my portfolio I suggest you the same.

I do not call bubble for a long time, but 5000 was my target since the beginning of the year. Now it seems that bitcoin can not get over 5000 target easily. I will watch on

Even if it's logarithmic, I don't see a clear indication of the channel being broken and returning to the main channel. What tells you that' Because we are still sitting above $4200 which is a pretty good place to be, so I don't discard the current bullish channel is over, we are still there and I wouldn't discard a pop to $5000 pretty soon at all.

[richardsNY]

Absolutely,correction is almost over and we should remember that this price rise is after china's impact over bitcoin's price.The biggest threat bitcoin has had from the earlier days is the china's stand over bitcoin and it has almost gone and now we could not see any other factor which has the ability to affect the bitcoin price.So,bitcoin rise is yet to continue.

China isn't gone yet even though people might feel so. There is a lot speculation going on about a comeback of the halted exchanges, but in a way where they are subject to ultra tight regulations. Only when China decides to ban crypto entirely, they will be gone for good, and as long as that isn't the case, they will still be able to put the market under pressure with their nonsensical announcements. In other words, it's the people in this market that need to get over it -- it's time to focus on crypto in its entirety, and not just let one country dictate the sentiment, because that's just ridiculous.

[BUK2016]

I don't believe the rise in the value of bitcoin against dollar is over. What is happening at the moment is just a little correction which I believe is not even a serious correction let a lone for one to come to a conclusion that bitcoin rise is over. We have all seeing tha China effect on bitcoin in recent time past, and I don't believe such a negative announcement will come up again for the time been.

[ReLieD]

I don't personally feel that Bitcoin will rise much now . I'm not saying that it won't rise at all , but currently I guess it would stick to say 4.2k USD . Maybe after the split it might boost up and even I have a gut that one day 1 Satoshi will be equal to 1 USD

[thend1949]

Chart and history could be a reference to trade but it won't be accurate 100% crypto currencies is decentralized so all of the up and down is based on the market, if more and more people keep on using and investing we will see another rising and there won't be any bubble, for now maybe the rising is over but in few days the price will go up again, the Bitcoin enthusiastic is very high

I agree bitcoin price demand is not that fast compared from what we had experienced lately, there were situations that it's getting stabilized for a moment. We have to experience fluctuations because that's the only chance for those who holds for long term investments to sell their holdings. Also those who wanted to buy another bitcoin they can invest while price decline a little of its value.

[boyptc]

Correction of - $200 - $400 is already enough I'd guess? Don't compare it with 2013, we are different now there are so many investors now and more countries did adopted bitcoin. Bitcoin's rise will not be over and it will be going up very soon. That big correction you are talking maybe is the one that happened already last 2 weeks after China's ban and Dimon's fraud talks.

Absolutely,correction is almost over and we should remember that this price rise is after china's impact over bitcoin's price.The biggest threat bitcoin has had from the earlier days is the china's stand over bitcoin and it has almost gone and now we could not see any other factor which has the ability to affect the bitcoin price.So,bitcoin rise is yet to continue.

This gives me a worry as upon checking the price it went down at $4,192 and I'm quite seeing a possibility that it can go lower. We may experience another dip for the next days to come or probably this week will be a red chart for the market again. Hate to say it that we should be ready again and if you can have some spare money better to ride the dip and keep on buying cheaper bitcoins.

[usekevin]

Chart and history could be a reference to trade but it won't be accurate 100% crypto currencies is decentralized so all of the up and down is based on the market, if more and more people keep on using and investing we will see another rising and there won't be any bubble, for now maybe the rising is over but in few days the price will go up again, the Bitcoin enthusiastic is very high

I agree bitcoin price demand is not that fast compared from what we had experienced lately, there were situations that it's getting stabilized for a moment. We have to experience fluctuations because that's the only chance for those who holds for long term investments to sell their holdings. Also those who wanted to buy another bitcoin they can invest while price decline a little of its value.

Ya some what right Buddy. Because now a days, people was not holding their bitcoin for very long.They sell the bitcoin for their emergency need such as food ,clothes and for their medical expenses. They not even keep for more than a week and all.Unless you keep for long, you can't get high profit.

[Zicadis]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

One thing I can not throw out is history tends to repeat itself but we can not compare what happened back then in 2013 to todays market conditions as bitcoin arguably has much more support than it was back then and price shows demand for the digital asset is still there and growing, wouldn't say that the rise is over just yet and we not in a bubble either.

[aso118]

Chart and history could be a reference to trade but it won't be accurate 100% crypto currencies is decentralized so all of the up and down is based on the market, if more and more people keep on using and investing we will see another rising and there won't be any bubble, for now maybe the rising is over but in few days the price will go up again, the Bitcoin enthusiastic is very high

Charts and history can never be fully accurate. They may not be reflective of a new asset class like Bitcoin. Does any asset class have a block reward halving equivalent in its history? So yes, I agree that Bitcoin's rise is far from over.