Bitcoin posts seven consecutive weeks of gains

[Yaunfitda]

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL.

[bbc.reporter]

Is this also the time to begin listening to Tom Lee's advice again and start looking for a bitcoin bear to make fun hehehe?

I reckon most of us only begin listening when everyone is dumping which ends in losses.

[btc_angela]

Is this also the time to begin listening to Tom Lee's advice again and start looking for a bitcoin bear to make fun hehehe?

I reckon most of us only begin listening when everyone is dumping which ends in losses.

Lol, I'm not good at making meme but I'm sure there could be thousands of meme on Jamie Dimon or Warren B floating around. I don't know about Tom Lee though, we all know that he is a perma-bull so I guess it doesn't count.

[Ararbermas]

Yes definitely there will be different types of memes will pop up again soon because of this positive news about the market . Lol by the way this consistent progress of market is already made by the bull trend IMO, which is that is the reason why thre's a consecutive gains within week but unfortunately not full strength because it still weak . If we want it to go further lets continue spreading positive news about bitcoin so that it can obtain more support to fly above again like what happened before.

[adaseb]

It did have 7 candles of green however if you actually look at the candles, many of them are very small doji's and they could of easily ended up being "little negative" instead of "little positive".

Look at the candle for week of March 18th, the open was $3962 and close was $3966, so basically a $4 change. Same with the candle on Feb 25th week, it opened at $3733 and closed $3785, only a change slightly higher than 1%.

The way that last weeks candle closed, I am assuming we will get at least one more bull candle before some sideways action.

[figmentofmyass]

The way that last weeks candle closed, I am assuming we will get at least one more bull candle before some sideways action.

that's what i'm thinking too. that's what happened after the big weekly green candles in feb, july, and dec last year---one push higher followed by correction/reversal. i'm on the lookout for a shooting star or similar......a wick up that gets sold into hard as we enter the $5600+ zone. a wick through the weekly 50sma like last july would be picture perfect.

[Kemarit]

The way that last weeks candle closed, I am assuming we will get at least one more bull candle before some sideways action.

that's what i'm thinking too. that's what happened after the big weekly green candles in feb, july, and dec last year---one push higher followed by correction/reversal. i'm on the lookout for a shooting star or similar......a wick up that gets sold into hard as we enter the $5600+ zone. a wick through the weekly 50sma like last july would be picture perfect.

Agree. I'm expecting a final push around the $5600++ zone and then the growth will slowdown and we could see some sideways then. But it's good to see Bitcoin posted some gains in the last 7 weeks but there are close call, 4th and the 5th week, we almost didn't get as it only posted around +0.11 % increased.

Well, meme's have been exploding ever since the jump in April 2. I'm not posting though, but you can go around the internet and you will see the latest. 

[vintages]

Yes definitely there will be different types of memes will pop up again soon because of this positive news about the market . Lol by the way this consistent progress of market is already made by the bull trend IMO, which is that is the reason why thre's a consecutive gains within week but unfortunately not full strength because it still weak . If we want it to go further lets continue spreading positive news about bitcoin so that it can obtain more support to fly above again like what happened before.

I agree we should keep on spreading positive news about Bitcoin and all that but unlike you say that the changes seems to be weak, I believe no price changes are weak or too small.
Even if there is $1 price increase, it makes a huge difference because it shows there is active market activities and its not just been stagnant.

[YuginKadoya]

I don't want to be sounded too negative about the price of bitcoin right now but I don't really see any potential Bull run for now, But if this is a recovery yes this is a recovery for sure, There are a couple of people in the forum that are waiting for another bull run but I really think that it will sure come but I really think that not in this year, We recently have that trend and I really think the market needs to let loose and relax a bit more the market of bitcoin is maturing it will not tend to let loose that much and would consider a slow pace recovery than with a sudden movement, Because I really think that if it did correction will sure kick in.

[exstasie]

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL.

I've got mixed feelings. My guess is this is a replay of June 2015 or July 2018: maybe a bit more upside is in the cards, but a significant correction is probably coming afterwards. Maybe back to the 200-week MA or maybe even further. I'd guess we are still many months away from triggering a real bull run. I still think this year will be mostly sideways.

[BlackPanda]

I found this on trading view:

https://www.tradingview.com/chart/BTCUSD/EamcMylT-Bitcoin-posts-seven-consecutive-weeks-of-gains/

So it looks like in the last 7 weeks bitcoin is posting gains. Specially in the last week wherein we have a massive jump to more than 20%. Imminent incoming bull-run? Get ready with your meme HODL.

We have had such a good week, everyone feels the advantage of selling Bitcoin at the moment and it is very likely that prices will also increase so that anyone who has Bitcoin is worthy of being able to earn more money. Investment in Bitcoin is so increasing along with the simultaneous increase in Bitcoin prices.

Now everyone will say HODL, and this can be an opportunity to see the price of Bitcoin pumping again. Let's wait for what will happen next.

[buwaytress]

Don't want to pour water on anyone but would that still hold true if we used any of the days to calculate? Purely out of curiosity, but I was almost certain w had a week of losses before the 5k spike.

Is this also the time to begin listening to Tom Lee's advice again and start looking for a bitcoin bear to make fun hehehe?

I reckon most of us only begin listening when everyone is dumping which ends in losses.

When did we ever start listening to Tom Lee? Someone forgot to tell me, I'm still on the McAfee bandwidth. Was thinking to switch allegiance to Changpeng for a while until he started with that FOMO comment. Pompliano's already taken out the champagne it seems, if his busy Twitter's anything to go by. Why I even know this isn't sad, right?

[2chase]

In fact, all that happened a week ago once again confirms the idea that all that is now needed for Bitcoin holders is to squeeze their will into a fist and keep holding their coins, the market is ready for growth, and this is what he showed when he confidently exceeded 5000 dollars.

[beami]

It's nice to see movement this week, bitcoin has a good change and this will increase again. Get ready to see memes hanging around and giving good hopes. Bitcoin remains safe and has a good moment to keep holding it.

[The Sceptical Chymist]

Looking at that chart was weird--it shows that bitcoin had been on a slow rise since January, which I guess I might not have been paying attention to, because the price seems to have been flat for many months before this explosion in the last week.  Can't argue with the data, though.  Nor am I complaining, believe me!

Given that the rise has been going on for that long, we certainly could be in the beginning of a new bull market.  I'm still skeptical, however.  The upward momentum that appears to have begun in Jan. was very gradual and the slope wasn't anything to get excited about.  What I don't want to happen is for bitcoin to keep rising at the rate it's been going at for the past week.  That sort of price appreciation isn't sustainable, and it'll inevitably lead to a crash--and we don't need another one of those.

[Zadicar]

Consecutive weeks of gains wont really imply a guaranteed signal of new bull run coming up but its good to see these gains compared on last years movements and as The Pharmacist said above
this do start since January but im not really expecting too much too yet these gains is achievable on a short duration just like on that 20% rise recently.

[Adriano2010]

Right, this grow can't guarantee that a bull run will come, even if see a lot of news that price will go to 8400$ on some weeks, we need to wait and see if will grow and maybe hold our coins for better price then now.

[Astargath]

The previous weeks were basically sideways trading like before the last crash where we also had 9 weeks of sideways trading and then a big dump followed by a lot of bearish action, this certainly looks like the same but inversed, it's also the first time we actually broke the lower high in the weekly chart so it is looking quite good.

[Oceat]

Finally, i think we may see the start of bullish market unlike to those previous days where Bitcoin almost dive in the deepest bottom. But it's not happening since there were hodlers then they don't push hard the market to dive in the bottom. And since i was always expecting a bull trap i hope this growth won't fall into the trap.

[bbc.reporter]

Don't want to pour water on anyone but would that still hold true if we used any of the days to calculate? Purely out of curiosity, but I was almost certain w had a week of losses before the 5k spike.

Is this also the time to begin listening to Tom Lee's advice again and start looking for a bitcoin bear to make fun hehehe?

I reckon most of us only begin listening when everyone is dumping which ends in losses.

When did we ever start listening to Tom Lee? Someone forgot to tell me, I'm still on the McAfee bandwidth. Was thinking to switch allegiance to Changpeng for a while until he started with that FOMO comment. Pompliano's already taken out the champagne it seems, if his busy Twitter's anything to go by. Why I even know this isn't sad, right?

I am certain once upon a time some of us did. I remember posting some Tom Lee bullish articles and ridiculing them on January to March 2018. I got some negative replies from some people. They must be the Tom Lee followers hehehe.