Quote me on that - It has started.

[Zubilica2]

The double bottom around ~6500$ it is the hint for bulls to woke up and bears to go into hibernation .

Quote me on that - It has started - The long rise to the Moon .

[1715291117]

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[1715291117]

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[1715291117]

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[Zubilica2]

It is going to be a slow rise.

[Kemarit]

The double bottom around ~6500$ it is the hint for bulls to woke up and bears to go into hibernation .

Quote me on that - It has started - The long rise to the Moon .

Well the double bottom was hit during the last week of March or first week of April if I'm not mistaken that's why I'm also expecting some rally at some point however, it didn't happened early on but I think this is the time. However, I wouldn't be too excited though, as we all know that everything can go into the drain when some daily traders started to take profit. But its good thing that the TA was sort of predicted this double bottom will be a good sign that the herds is finally consolidating and we might see them making a bull run. Gonna be exciting but I wouldn't say that we are out of the woods yet, not by a long shot. We just need to be calm and just ride the hype train again.

[NeuroticFish]

It is going to be a slow rise.

Don't count too much on that. Bitcoin market is very good at catching unprepared the ones believing it's always slow.
But I also expect ups and downs, quite big variation.

[fabiorem]

We need to reach 8k first to confirm the double bottom.

Last time it didnt reach 8k and we had a bull trap.

[TheQuin]

We need to reach 8k first to confirm the double bottom.

Last time it didnt reach 8k and we had a bull trap.

I don't think 8k has any significance but if it makes you happy we did briefly go through it.

https://www.tradingview.com/x/Xm8bgucF

[fabiorem]

I don't think 8k has any significance but if it makes you happy we did briefly go through it.

Its not a full candle. We need to stay there at least for one day.

[TheQuin]

Its not a full candle. We need to stay there at least for one day.

If you hadn't guessed I don't take that sort of TA seriously. What matters is if the shorts start panicking and buying to cover. That's about human emotion not what time you arbitrarily cut off a candle.

Here are 2 full candles above 8k for you.

https://www.tradingview.com/x/8nQyCZ8X

[fabiorem]

If you hadn't guessed I don't take that sort of TA seriously. What matters is if the shorts start panicking and buying to cover. That's about human emotion not what time you arbitrarily cut off a candle.

Here are 2 full candles above 8k for you.

We are going up, then.

I hope the FOMO spreads. This melodrama has gone long enough.

[alyssa85]

We need to reach 8k first to confirm the double bottom.

Last time it didnt reach 8k and we had a bull trap.

I don't think 8k has any significance but if it makes you happy we did briefly go through it.

https://www.tradingview.com/x/Xm8bgucF

That looks like some big money suddenly bought. It takes quite a few million to move the price up that sharply.

[harizen]

The double bottom around ~6500$ it is the hint for bulls to woke up and bears to go into hibernation .

Quote me on that - It has started - The long rise to the Moon .

Let the trend just continue and all we need to do is watch. Price significantly shows an increase but we can't conclude that this is the start. There are some the same happenings recently and the cycle just repeats. There are things that triggered the bullish alarm but we don't know how far it will reached. The price is currently playing at around or close to $8,000 and let's see what will happen next.

Another trip to the moon or just a taste of slight pump then will back again at the dipping point? Stay tuned...

[fabiorem]

If we fall back to 6k, this will prove the double bottom theory is completely useless.

[TheQuin]

That looks like some big money suddenly bought. It takes quite a few million to move the price up that sharply.

Now that is analysis of something important. The volume on that move is significant and also the fact they didn't bide their time and just slowly accumulate a position. That would have been easy to do as the market has been going sideways for days on end, but they didn't want to wait were happy to spike the price.

If we fall back to 6k, this will prove the double bottom theory is completely useless.

TA is useless.

[eagleman]

It is going to be a slow rise.

As we can see, the rise is really slow and it doesn't matter on how slow it is as long as it will rise.
This day for awhile it was around $6,900 then it pumped to $8,000 but with the market players who started to take profits it has to be back somewhere at $6,600 - $6,700 which is still fine.

Bitcoin market is very good at catching unprepared the ones believing it's always slow.
But I also expect ups and downs, quite big variation.

Those ups and downs are expected, I've been one of those who isn't prepared. But this time, I'll try to catch up and will ride this bull if it's ready to go.

[thecodebear]

I was looking at the charts yesterday and seeing the long stretch of steady 6000s and 7000s it looked to me like that was the plateau at the bottom of the bear market signaling a shift in momentum for bitcoin to start moving back up above $10,000 this spring. That huge quick price jump could be the inflection point of the market shifting from bear to bull. It'll probably take half a year or so to get back to hitting ATHs, but in the next 3 months we could see Bitcoin start to recover ground from the November-December mania phase and get investors, traders, hodlers, and new money happy and interested again in buying Bitcoin - which will of course lead to a likely 2019 huge bull run.

[Zubilica2]

A daily 5% fluctuation is expected as long as 10DA is rising , but the trend now is up.

[lablab03]

Well it fluctuate little bit again . So perhaps its just a mini bull run from 6k to $7600 and i think it will not exceed or touch down again the 8k value  because of some cuases nowadays, which is always happened when the growth of bitcoin climb.   

[ft73]

2014 vs 2018



interesting.

[klasik1980]

let's see if this continues, or it's just another zader to drive out the lambs, and then immediately lower the price, thereby knocking out bitcoins more cheaply on a panic

[magneto]

The double bottom around ~6500$ it is the hint for bulls to woke up and bears to go into hibernation .

Quote me on that - It has started - The long rise to the Moon .

I hate it when people refer to this thing called 'moon'. It's completely vague as can be.

For a short term investment I would still be careful in buying now. Unless you're completely prepared to hold onto your coin for the long term I would honestly just wait for the correction to happen, which should be pretty soon.

$8k remains to be resistance, and also the psychological barrier of $10k is just way too much to reach right now when half of the market is still holding bearish sentiments.

Short term wise we could be looking at a correction down to around $7k, then back up to $8-9k before hitting that resistance and BTC continues to consolidate before hitting bottom. IMO you'd be looking at around at least another quarter of a year before the trend completely reverses.