Rally time! We hit bottom, time for trend reversal.

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Topic: Rally time! We hit bottom, time for trend reversal. (Read 4119 times)

mp420

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 07:14:34 AM

#21

This is way too soon. We ain't seen no bottom yet. Wait a couple of months at least.

The price was dropping too fast. This short term bounce is expected market behavior.

Rampion

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⇾ Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 07:31:42 AM

#22

Quote from: mp420 on July 08, 2013, 07:14:34 AM

This is way too soon. We ain't seen no bottom yet. Wait a couple of months at least.

The price was dropping too fast. This short term bounce is expected market behavior.

100% agreed.

But this is being Quite a profitable bounce.

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discobean

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 09:13:47 AM

#23

Not enough posts about Bitcoin being dead and over yet. So still a bit to go.

bitcoin44me

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 12:16:11 PM

#24

So, what do you think now? Bear? Bull?

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N12

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 01:39:46 PM

#25

Quote from: humanitee on July 08, 2013, 01:19:49 AM

Quote from: Blitz on July 07, 2013, 10:36:02 PM

Bull traps are guaranteed. Watch as sentiment reverses as the pigs buy in and get slaughtered. Cheesy

Quoting for posterity.

I'll either be laughing at Blitz or myself by Friday. Good luck!

Why Friday? Bull traps can take a long time and they can be quite violent. Typical 61.8 fib retracement is in the high 80s alone.

My point is that at the end, the bulls declare victory and then it goes on to make new lows.

Furthermore, I don't short Bitcoin and I don't trade actively. There's not really anything to laugh at since I could care less about the wiggles in between. Cheesy

BitcoinAshley (OP)

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 02:24:24 PM

#26

Yeah, he (the "I short" guy) had months to make a profitable move, and picked the one point where it would have been no longer profitable. What a tool. Roll Eyes

samson

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 02:45:03 PM

#27

LOL We won't see the bottom for some time, probably months from now.

True___Blue

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 05:07:42 PM

#28

Did we just form a cup and handle right now?

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blackreplica

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 05:15:01 PM

#29

Who knows...we may hold the mid 70s price levels for 2 months...I'd say we've hit bottom if that happened

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giantdragon

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Re: Rally time! We hit bottom, time for trend reversal.

July 08, 2013, 06:19:12 PM

#30

After 2011 bubble burst Bitcoin bounced 2.5 times from $2 within a month. If the history will repeat, we will see $150 BTC in August.

octaft

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Re: Rally time! We hit bottom, time for trend reversal.

July 09, 2013, 12:15:30 AM

#31

Quote from: giantdragon on July 08, 2013, 06:19:12 PM

After 2011 bubble burst Bitcoin bounced 2.5 times from $2 within a month. If the history will repeat, we will see $150 BTC in August.

$2 would be the equivalent of starting from $18, not $75.

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Re: Rally time! We hit bottom, time for trend reversal.

July 09, 2013, 12:39:15 AM

#32

The down trend will keep going, let's see

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