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Author Topic: The end of the sideways market is only a few months a head. TA  (Read 695 times)
exstasie
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April 21, 2019, 06:02:38 PM
 #41

we can not say for certain if that has begun now.
but it has already begun! in the past months price has risen about 77%, don't you think that huge rise is a "bull run"?

For Bitcoin? Of course not.

A more accurate way to look at things is this: Price crashed by $16,500 (or 84%) and we have retraced a mere 14% of those losses. We haven't even reached the first significant fib retracement level. We are in no man's land. We shouldn't be calling it a bull run when we haven't even recovered lost support levels from 2018.

I'm hoping this is a replay of summer 2015, which was an important part of the bottoming process but wasn't the beginning of a bull run at all. Repeating 2015 would mean we're still going back to the $3,000s.

mikeywith (OP)
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April 21, 2019, 11:50:11 PM
 #42

Yes but you and me have same carts. There cant be two, since is only one Bitcoin. Your predictions are to optimistic.

We all have the exact same chart, but it is about how you make use of it, my analysis are 100% based on exact numbers from the 2014/2015 , i am not being opistimic, it is what the charts are saying , but judging by your words we seem to be having a misunderstanding ,  so what is it you think i meant to happen on june ?

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STT
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April 21, 2019, 11:58:12 PM
 #43

THe only problem for me with this end to sideways is what happened in the Autumn.   We had a falling wedge I think occur at that point and it kept having to be redrawn because it went past all estimates, it carried on sideways for some time like wile e coyote and roadrunner it defied gravity.    Only some news destabilised that trend and it left the support area and fell.   It was probably better to call it after the support fall, it halted for some time in this same area we are now and then properly fell by 4 digits not 3.    I think the whole of 2019 is most likely a sideways type movement, relative to BTC massive movements of course I mean that

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Febo
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April 23, 2019, 09:34:20 PM
 #44

Yes but you and me have same carts. There cant be two, since is only one Bitcoin. Your predictions are to optimistic.

... ,  so what is it you think i meant to happen on june ?

In June we will be most likely having bear trap. Could be in July.
mikeywith (OP)
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April 23, 2019, 10:31:09 PM
 #45

First let's agree on what does a sideways market means, for the sake of simplicity let's put in a simple explanation, if you look at the chart

the longest sideways market we had so far was from 12/01/2015 to 17/08/2015 which was exactly 217 days, from there we started making higher highs and have not made any lower lows for years.


now assuming we have bottomed at 3100-3200$ on  last year dec 10th then it only makes sense that by July at most, we should mark that low which we should never see again, and that is what i mean by end of sideways market.

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Adriano2010
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April 29, 2019, 09:35:57 PM
 #46

Well indeed the price was were was on March, but this month the price grow, and i think the price will continue grow but also there can be some periods of time when price go down and grow continue after.
Idrisu
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April 30, 2019, 03:51:22 PM
 #47

Well indeed the price was were was on March, but this month the price grow, and i think the price will continue grow but also there can be some periods of time when price go down and grow continue after.
This month is actually better than last month in terms of pricing and for those that buy into bitcoin at the beginning of this year are now in good profits and we hope this is going to continue.  I have tried to invest in some of the coins this January and currently I am in profit. The sideway trend is almost over and very soon bullish trend will commence in full force .
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April 30, 2019, 09:46:26 PM
 #48

By and large, it’s all the same when Bitcoin exceeds 6000, a month earlier or a month later, it doesn’t play any big role. If you are carrying long-term plans for investing in Bitcoin, then you should not be very worried about this. Just buy btc right now. And it will be a very good decision.
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