Analysis

[molecular]

with this forking-mess we could easily break 255$

yeah, possible.

I'm thinking this blocksize debate mess could be a catalyst similar to silkroad bust: The uncertainty is holding back investment. If cleared to the positive (let's say 75% of miners do switch to xt) early next year the uncertainty is removed and with the halving just around the corner in addition, things could get hot fast.

[1714897224]

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[1714897224]

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[masterluc]

Critical support area reached.

5months vwap, from beggining of "cup"



-1 stddev from 2 months vwap, from cup bottom, wedge bottom



62% fib from cup bottom to cup high



Rising trend line from $157 low.



Weekly 20 sma

[cbeast]

Stay ahead of the crowd, that's what i'm seeing. If they see C& H, look again, for something else

inverse head and shoulders ?

Dead cat bounce?!?!?

Except the cat's been dead for 6 1/2 years.

[smoothie]

Stay ahead of the crowd, that's what i'm seeing. If they see C& H, look again, for something else

inverse head and shoulders ?

Dead cat bounce?!?!?

Except the cat's been dead for 6 1/2 years.

New term coined: DEAD BITCOIN BOUNCE lol

[thefiniteidea]

With the prospect of a hard fork and this lack of consensus around MBS, I think it's safe to say that we will see a lot of negative price pressure from people going to safety... at least until there's a clear winner. I for one do not want to be heavily invested while this goes on, but the volatility could make for good trading.

With this in mind, the current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

[wpalczynski]

With the prospect of a hard fork and this lack of consensus around MBS, I think it's safe to say that we will see a lot of negative price pressure from people going to safety... at least until there's a clear winner. I for one do not want to be heavily invested while this goes on, but the volatility could make for good trading.

With this in mind, the current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

These squabbles and the uncertainty have likely already been priced in for a while.

[hdbuck]

With the prospect of a hard fork and this lack of consensus around MBS, I think it's safe to say that we will see a lot of negative price pressure from people going to safety... at least until there's a clear winner. I for one do not want to be heavily invested while this goes on, but the volatility could make for good trading.

With this in mind, the current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

These squabbles and the uncertainty have likely already been priced in for a while.

no, im sure USGavin and Googlhearn could extent some more price pressure so sheeples all flock to their altcoin just because of all the FUD they spread. - bitcoin crashing.. we need a fork! kinda bs.

freakin unbelievable those USG titty suckers.

[thefiniteidea]

With the prospect of a hard fork and this lack of consensus around MBS, I think it's safe to say that we will see a lot of negative price pressure from people going to safety... at least until there's a clear winner. I for one do not want to be heavily invested while this goes on, but the volatility could make for good trading.

With this in mind, the current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

These squabbles and the uncertainty have likely already been priced in for a while.

I'm not so sure about that... I think there's more movement from this to come as developer's plans become clearer.

This fight isn't nearly close to being over yet.

[Natalia_AnatolioPAMM]

With the prospect of a hard fork and this lack of consensus around MBS, I think it's safe to say that we will see a lot of negative price pressure from people going to safety... at least until there's a clear winner. I for one do not want to be heavily invested while this goes on, but the volatility could make for good trading.

With this in mind, the current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

These squabbles and the uncertainty have likely already been priced in for a while.

Well, I guess that's gonna end soon

[phoenix1]

These squabbles and the uncertainty have likely already been priced in for a while.

I'm not so sure about that... I think there's more movement from this to come as developer's plans become clearer.

This fight isn't nearly close to being over yet.

Agree on the latter part, but it may just result in more lack of movement as people sit on the sidelines and watch. The silent phase ...

[wpalczynski]

These squabbles and the uncertainty have likely already been priced in for a while.

I'm not so sure about that... I think there's more movement from this to come as developer's plans become clearer.

This fight isn't nearly close to being over yet.

Agree on the latter part, but it may just result in more lack of movement as people sit on the sidelines and watch. The silent phase ...

It seems like there has been lack of movement for so long, whats another year

[davidorentol]

The current support at $255 doesn't seem so strong to me. Even the support at $200 seems weak under the circumstances.

Do you think $10 is strong support for this situation ? 

[Afrikoin]

No sideways movement when such FUD starts going round

Matonis: If Bitcoin XT Succeeds You Can Kiss 21 Million Cap Goodbye

https://bitcointalk.org/index.php?topic=1102070.60

[BornBlazed]

Bitcoin is looking Bearish short term, like within months. 

[smoothie]

I see bitcoin price stagnate or drop in the near term (few months).

Lots of volatility between now and when the possible fork resolves itself.

[HeliKopterBen]

Bitcoin has been fairly cycle-ish and range-bound since the beginning of the year.  



IMHO we are at an inflection point.  The above is more likely in my opinion.  However, these two crash fractals look eerily similar:



The fork fears are overblown IMO.  I predict we will see >1mb blocks quietly begin to appear in January.  If the currently month-long+ downtrend breaks over the next week or so, we could head higher.  

[davidorentol]

There will be no fork,relax.Chinese pools,around 50% of network,already said "NO" to XT---->no fork

[Joerii]

I just sold half my btc holdings for gold on Vaultoro.
I have a strong feeling we're about to drop quite a bit. Then we are likely to trade sideways in the 200-300 range for a time. ( probably until close to the halving )

Why are we dropping ? We haven't reached rock bottom yet. I think Luc was wrong and we are still in a downtrend. It looked hopeful, but it was a mistake.

I feel a real panic building in the community though, as the rift between XT and Core grows wider and "we" become more devided.
When we have dropped so much that there's "blood on the street" and media starts reporting that Bitcoin is dead....

THAT's when we're ready for a real sustained move upwards again.

[Bagatell]

Good luck trading on feelings.

[Joerii]

Good luck trading on feelings.

Believe it or not, there are risk vs reward calculations and entry and exit points behind my strategy. I'm trading on a combination of TA, sentiment and experience with how the Bitcoin market works.

You can't rule out feelings. Supply and demand is greatly influenced by feelings.

But I don't want to hijack the Master's thread so I'll stop there