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Author Topic: Bitcoin breaking 1-month downtrend!  (Read 1825 times)
rebel24
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March 03, 2014, 04:21:55 AM
 #1

See pic below,

Looks like its takin off the weights dragging it down. One of the 2 major downtrendlines pushing it down are taken out, its testing the 2nd one right now. In my experience in trading and with its current momentum -- let's just say I wouldn't want to be short right now.

It has the potential to rock off past these 2 downtrends and easily move to $600+

Although of course you/re never always right in the market, but this feels like a predictable move to me right now



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March 03, 2014, 05:10:26 AM
 #2

Let the weak hands sell...

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TERA
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March 03, 2014, 05:35:22 AM
 #3

what if its a trap and this is just one downtrend within another downtrend. crashception
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March 03, 2014, 05:40:58 AM
 #4

what if its a trap and this is just one downtrend within another downtrend. crashception

Then you lose all your bitcoins and you die and no one remembers you and your legacy is forgotten and then the world ends too.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
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March 03, 2014, 09:28:41 AM
 #5

The 3k buy wall on stamp agrees with you.

Mythul
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March 03, 2014, 09:31:57 AM
 #6

Uptrend here we come.

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March 03, 2014, 09:35:18 AM
 #7

what if its a trap and this is just one downtrend within another downtrend. crashception

Then you lose all your bitcoins and you die and no one remembers you and your legacy is forgotten and then the world ends too.

The End.


Sindelar1938
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March 03, 2014, 11:44:58 AM
 #8

I am gonna buy into the uptrend camp
Sustainable above $620 by tomorrow hopefully

Ray Anastasio
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March 03, 2014, 03:35:10 PM
 #9

Sidewise break out is a fake breakout.
boumalo
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March 03, 2014, 03:52:57 PM
 #10

Stock are down, Dollar is down, Gold is up, the instability will come back slowly or quickly and bitcoin's price is going to go straight up

But I could see an other correction before it happens, I surely hope there will be one before I back buy the BTC I lost, I am almost out of BTC right now it is scary

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March 03, 2014, 03:55:25 PM
 #11

Was it really only one month?

Man I need to get out more.

rebel24
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March 03, 2014, 06:02:27 PM
 #12

It's up to 650-700 since about 14 hours from my original post. Haha, called that. And its taken off more than a lot of breakouts do (welcome to bitcoin)

Tip me if you feel inclined, 1BwwMJZezZKpXm1mSVDmxLwd9T96am4Qyd




I will also add, its testing its next major downtrend, as seen below. Once it breaks this there would be little downtrend movement from here on out! (AKA, once again, removing its weights), and I would estimate we would see $750+ quickly (the same as we saw it rocket off past $600)

The question is whether a surge of buyers will come to break this trend, or if they'll let it coast down. I would also guess that this influx of buyers would come from China -- or those who lost funds from Mtgox-- either way, these are 2 parties of eager buyers so I would guess that that downtrend isn't survive for long.




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March 03, 2014, 06:51:02 PM
 #13

NOOOOOO I don't have any btc I don't want to buy back at 1000$

Everyone sell please

akujin
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March 03, 2014, 10:51:35 PM
 #14

NOOOOOO I don't have any btc I don't want to buy back at 1000$

Everyone sell please

Want to buy mine at $999.99999? Cheesy
That's $0.00001 discount!

Wow! what an offer!  Grin Grin Grin
But wait there's more! If you buy within 24hrs, you'll get another $0.00001 discount!
Amazing! What are you waiting for? PM now! Grin Grin Grin

BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7
LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X
DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
Bit_Happy
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A Great Time to Start Something!


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March 03, 2014, 10:53:43 PM
 #15

It's up to 650-700 since about 14 hours from my original post. Haha, called that. And its taken off more than a lot of breakouts do (welcome to bitcoin)

Tip me if you feel inclined, 1BwwMJZezZKpXm1mSVDmxLwd9T96am4Qyd




I will also add, its testing its next major downtrend, as seen below. Once it breaks this there would be little downtrend movement from here on out! (AKA, once again, removing its weights), and I would estimate we would see $750+ quickly (the same as we saw it rocket off past $600)

The question is whether a surge of buyers will come to break this trend, or if they'll let it coast down. I would also guess that this influx of buyers would come from China -- or those who lost funds from Mtgox-- either way, these are 2 parties of eager buyers so I would guess that that downtrend isn't survive for long.





Nice call, but now it can go down again.

boumalo
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March 06, 2014, 02:02:14 AM
 #16

It's up to 650-700 since about 14 hours from my original post. Haha, called that. And its taken off more than a lot of breakouts do (welcome to bitcoin)

Tip me if you feel inclined, 1BwwMJZezZKpXm1mSVDmxLwd9T96am4Qyd




I will also add, its testing its next major downtrend, as seen below. Once it breaks this there would be little downtrend movement from here on out! (AKA, once again, removing its weights), and I would estimate we would see $750+ quickly (the same as we saw it rocket off past $600)

The question is whether a surge of buyers will come to break this trend, or if they'll let it coast down. I would also guess that this influx of buyers would come from China -- or those who lost funds from Mtgox-- either way, these are 2 parties of eager buyers so I would guess that that downtrend isn't survive for long.





Nice call, but now it can go down again.

You may be right, the sentiment on Bitcoin is kind of bad, the momentum and the fundamentals are very positive but the trend is messed up

NOOOOOO I don't have any btc I don't want to buy back at 1000$

Everyone sell please

Want to buy mine at $999.99999? Cheesy
That's $0.00001 discount!

Wow! what an offer!  Grin Grin Grin
But wait there's more! If you buy within 24hrs, you'll get another $0.00001 discount!
Amazing! What are you waiting for? PM now! Grin Grin Grin

I'll pass Wink I try to buy in MTL though https://bitcointalk.org/index.php?topic=496051.new#new

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