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Author Topic: what do you think after seeing this chart?  (Read 252 times)
portgas313 (OP)
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March 26, 2018, 11:54:58 AM
 #1




Will it repeat in 2018?
if it is repeated what is the right time to buy bitcoin?


*Note : If indeed what I share is helpful, Can you share a merit with me ?
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March 26, 2018, 11:59:46 AM
 #2

looks like a bunch of squiggles with no correlation to me.

i don't think there's any point comparing the start of this year to the start of the previous 3 years. they didn't have the aftermath of a giant bubble to contend with. i don't want to compare the start of 2014 because that would be too damn depressing.
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March 26, 2018, 12:04:00 PM
 #3

base on  the patterns im pretty bullish on bitcoin, its just that it takes a little time for consolidation after thebig  crash, but sooner 3 or 4 months fron now it will go up base on my fundamental analysis. Smiley
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March 26, 2018, 12:10:52 PM
 #4

I can't see the pattern, can you elaborate? What's being repeated? A recovery after the "dump" earlier in the year?

Talking out of the chart, yes indeed a recovery back to $11K+ will surely happen this year. I found it quite saddening that the price was barely affected by the Lightning Network news and the current state of the blockchain. I know the media ads banning is everywhere but that's actually beneficial for Bitcoin and shouldn't be holding the price this way. The recovery is due now in my opinion.
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March 26, 2018, 12:12:07 PM
 #5

Will it repeat in 2018? If you are asking this based on the picture you just share then I must say that there is no point in comparing the trends within the last 3 years and asking that it will repeat. If somebody knows that it will happen again with 100% accuracy then that person will become rich in the future.

No one knows if it will repeat its previous charts. I only just one thing, bitcoin will never lose its value as long as there is a community behind it.

I will not answer your 2nd question since I didn't say yes to your first question Smiley

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March 26, 2018, 12:27:02 PM
 #6

I can't see the pattern, can you elaborate? What's being repeated? A recovery after the "dump" earlier in the year?

Talking out of the chart, yes indeed a recovery back to $11K+ will surely happen this year. I found it quite saddening that the price was barely affected by the Lightning Network news and the current state of the blockchain. I know the media ads banning is everywhere but that's actually beneficial for Bitcoin and shouldn't be holding the price this way. The recovery is due now in my opinion.

I Agree! There is no correlative analysis or what so ever how OP shared this photos, Well we can simply say that it may repeat what happen on that following year but we can not be so sure about it because it could take a different turn this time, And it might turn bearish for now but it will sure recover for sure it can take a slow pace increase but it will never become a bull run.
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March 26, 2018, 12:30:58 PM
 #7

Its hard to predict of bitcoin will have the same trend just like 2015, 2016 and 2017 that has a bullish movement. The only thing we can expect for bitcoin today is that it can recover from its huge fall. Possibly this coming december bitcoin will be back at 20k$. But even 20k$ is very hard to attain this year as if there is something holding bitcoin back.

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portgas313 (OP)
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March 26, 2018, 12:44:19 PM
 #8

indeed the chart above can not be a benchmark for us to act to buy / sell BTC that we have,
my goal is to make this topic so we can all discuss what happened with BTC prices now, and input from all of you can be a conclusion for me,  Smiley Smiley Smiley
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March 26, 2018, 12:47:36 PM
 #9




Will it repeat in 2018?
if it is repeated what is the right time to buy bitcoin?


*Note : If indeed what I share is helpful, Can you share a merit with me ?

I think now if it can repeat buying is now because I know that bitcoin is can recover anytime any where.

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March 26, 2018, 12:55:10 PM
 #10

I can't see the pattern, can you elaborate? What's being repeated? A recovery after the "dump" earlier in the year?

Talking out of the chart, yes indeed a recovery back to $11K+ will surely happen this year. I found it quite saddening that the price was barely affected by the Lightning Network news and the current state of the blockchain. I know the media ads banning is everywhere but that's actually beneficial for Bitcoin and shouldn't be holding the price this way. The recovery is due now in my opinion.

That's what he's trying to show. That every year the lowest price was in the early months January/February, followed by a slow recovery and remained without hude spikes in any direction throughout the Summer. Chart analysis won't do much because all traders will tell you that analysis only shows you the move that has higher chances of happening. There's never 100% up or 100% down. It can be 40-60, 30-70. I give it about 80% that it will go up this year and maybe 20 that it will retest the low of 6000 again.

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March 26, 2018, 01:02:02 PM
 #11




Will it repeat in 2018?
if it is repeated what is the right time to buy bitcoin?


*Note : If indeed what I share is helpful, Can you share a merit with me ?


Nobody knows where will Bitcoin will go up again. Let's just be prepared if anything could happen that will make us shock ourselves.
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March 26, 2018, 01:02:37 PM
 #12

indeed the chart above can not be a benchmark for us to act to buy / sell BTC that we have,
my goal is to make this topic so we can all discuss what happened with BTC prices now, and input from all of you can be a conclusion for me,  Smiley Smiley Smiley
I appreciate what you doing mate I think you're statistics sounds because you  want your audience to do some  analysis to the graph you've presented. Yeah everything has a seasonal patterns that  is why there is  what  we called data analysis what you  do is something to do with forecasting trying to analyze some  significant from previous years. I think your approach is quite  deeper.

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March 26, 2018, 01:04:08 PM
 #13

These pictures may be a coincidence, the price of BTC is impossible to predict!

If this happens again this year, maybe the BTC is being manipulated!

I will continue to hold BTC to wait for the digital encryption money market to rise!
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March 26, 2018, 01:11:25 PM
 #14

looks like a bunch of squiggles with no correlation to me.

i don't think there's any point comparing the start of this year to the start of the previous 3 years. they didn't have the aftermath of a giant bubble to contend with. i don't want to compare the start of 2014 because that would be too damn depressing.

I mean, that is everything which is TA explained in one sentence. Just a bunch of lines and squiggles on a screen which make things look nice, nothing actually correlates to antyhing. The market moves, some people win and some people lose --> that's how it works.

I don't think of anything after seeing this chart.




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portgas313 (OP)
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March 26, 2018, 01:19:50 PM
 #15

These pictures may be a coincidence, the price of BTC is impossible to predict!

If this happens again this year, maybe the BTC is being manipulated!

I will continue to hold BTC to wait for the digital encryption money market to rise!
Not a matter of manipulation,
but every movement of the chart that can indeed be analyzed,
but the analysis is not entirely a benchmark,
sorry before my friends not I intend to patronize but let's together learn to analyze what happens in the future about BTC price through the data chart that I share,
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March 26, 2018, 01:24:35 PM
 #16

looks like a bunch of squiggles with no correlation to me.

i don't think there's any point comparing the start of this year to the start of the previous 3 years. they didn't have the aftermath of a giant bubble to contend with. i don't want to compare the start of 2014 because that would be too damn depressing.

That could be right. Comparing those previous graph on Bitcoin price will only cause expectations which could mislead those who want to start investing in it. It is better to leave it that way like we have not seen it and wait for the price to go up. Let us just hope for the best and expect for the worse.

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March 26, 2018, 01:36:40 PM
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 #17

every year, near summer we usually start seeing a surge of investors in the market. some people even say kids are out of schools so they are investing their money in cryptocurrencies Cheesy

but that doesn't mean the same thing will happen every year. i mean there are a lot of other certain things going on in the market that decide that. for example last year we had a lot of good news in this same period of time starting with Japan's mass adoption and then SegWit's growth and then SegWit's activation,....

There is a FOMO brewing...
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March 27, 2018, 09:46:18 PM
 #18

Based on these three years, the price of bitcoin cannot be predicted for future.  Probably in the upcoming months we can see its recovery startup and within the end of this year, we may have its full recovery.
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March 27, 2018, 10:00:38 PM
 #19

indeed the chart above can not be a benchmark for us to act to buy / sell BTC that we have,
my goal is to make this topic so we can all discuss what happened with BTC prices now, and input from all of you can be a conclusion for me,  Smiley Smiley Smiley
in Bitcoin, a year-ago chart cannot be made as a benchmark if the forex or commodity chart years ago could be made as a reference but this is different in Bitcoin, this is my own thinking so do not be made as a reference  Grin

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March 27, 2018, 10:02:43 PM
 #20

Well after seeing the chart i noticed that in first quarter of the year bitcoin price falls then it will stay there in few months and then the price will begin it's surge in the middle of september i already notice this after play with charts of coinmarketcap but if you see bitcoin today despite of pressure coming from google, twitter and facebook due to advert ban on cryptocurrencies, it is hard to say that it may happen again or not.
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