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Author Topic: Bitcoin posts seven consecutive weeks of gains  (Read 366 times)
Siren
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April 10, 2019, 05:29:21 AM
 #21

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. Smiley
Yups for how many times Tom Lee release a predictable comments in 2018 but none of them comes closer to expectations,though this time its kinda near but yet people don’t wanna believe him now

But about OPs link if this will be reality then storing bitcoin now is a good strategy,but I doubt since for how many chances people are victims of misleading market prices so keeping assurances won’t provide losses at all
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April 10, 2019, 05:42:32 AM
 #22

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.

Which posts of yours? You usually post a lot regarding Tom Lee's bullish prediction? Or it is the post wherein you put Tommy Lee Jones pics?  Grin

Well my post is about how we are in the bullish trend, maybe not the trend that we all wanted to see but at least in the last 7th weeks there is a gain that I'm sure not everyone here have realized. There might be some close call, but at the end of the week it is still on the + side.

 
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April 10, 2019, 08:28:33 AM
 #23

When was the last time bitcoin ever had a 7 consecutive weeks of gains? I think the 2017 peak was probably was the last time we ever seen that and never seen something like that ever since. I mean yeah we had some increasing weeks for sure but I do not remember any for 7 consecutive weeks, that is remarkable. Hopefully this continues for weeks to come (even months) so we could actually say we are in a bull.

Nevertheless it is a great accomplishment and we should all be really happy about it, without these insisting increasing prices we wouldn't be able to keep up with the increase that eventually gave us this 5k+ prices. What people do not realize is that even smallest of profits means at least its not a loss, 1 dollar increase is always better than 1 dollar loss.
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April 10, 2019, 12:10:18 PM
 #24

The good news of Bitcoin is shown and this is great for crypto movements, slow but sure to give color so the market is more alive. The main coins that are able to influence the altcoin have been able to make investors excited and think the 2017 trend is back.
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April 10, 2019, 12:35:40 PM
 #25

We have had our moments of short and brief corrections at hand and that, I think, breaks the consecutive weeks of gains that the article is trying to point out. Anyway, the past few weeks have been so great nevertheless, and I'm sure a lot of people have already made money off of the previous rise.

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.

Uhh no. Tom Lee has always jinxed what he predicted in the past. He may be a solid bitcoin bull but that doesn't change the fact that most of his predictions in recent times are awful and cannot be trusted.

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April 10, 2019, 02:15:24 PM
Last edit: April 10, 2019, 03:02:27 PM by tomahawk9
 #26

Yups for how many times Tom Lee release a predictable comments in 2018 but none of them comes closer to expectations,though this time its kinda near but yet people don’t wanna believe him now
He's been wrong a couple of times, but that won't stop him from saying bullish comments. I said in another post a few days ago that Tom Lee doesn't actually care if the people that have heard his past predictions believe him or not, right now, his target audience are the newcomers that usually follow whatever a guy with experience in investing or stock markets has to say. Tom Lee knows that there's a high chance that someone with big pockets, even investors, is reading his predictions and this person will probably go to his company for advice about investing in bitcoin. It's all about attracting new clients.

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April 10, 2019, 05:05:50 PM
 #27

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. Grin

Last week after 6 positive weeks I said, now we are ready for corrections and then we got this 7th BOOM week.  Luckily I dont trade or would be broke already.  But. My point still stands. What goes up also goes down. After 7 positive weeks we are ready to also go down for a week or two. Do not be disappointed when that happens.

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April 10, 2019, 09:56:34 PM
 #28

The seven weeks of continuous gain in the market once again confirm that the bull trend is strong and can expect the same to continue for a longer time period. Also there is regular growth in the price even when there is some form of minor price fluctuations. When this gets to be 52 consecutive weeks of gain we'll be standing close to $20000 once again.

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April 10, 2019, 10:38:16 PM
 #29

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. Grin

I do think that it's safe to say the floor is at $3k as demonstrated by this chart, and anywhere below that wouldn't be sustainable at this point because there has been so many new investors and corporations that have been made aware of bitcoin in the 2017 bull run that would drive demand for cheap coins.

Bitcoin has always been fundamentally sound but we are seeing a real shift in sentiment I think which is the underlying cause of the rallies, people aren't as uncertain about the market as they were last year, and psychology had a lot to do with it.

We could see an incoming correction due to the fact that prices have risen so consistently over the past weeks, potentially down below $5k as I don't think there is sufficient support there yet. It's only natural that this happens, as price corrections are a matter of time in such instances. But in the medium to long term I think this should be the start of a bull market, and the halving next year will only further the bullishness.

 
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April 10, 2019, 10:40:58 PM
 #30

There is no denying that the price is rising to slow than before. But we could still expect that there will be a bull run happening soon. The price is getting better and better, given that we have reach a really high peak before, the possibility of regaining that value is really possible. I'll just buy and hold, the future is bright.
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April 11, 2019, 02:52:36 AM
 #31

There is no denying that the price is rising to slow than before. But we could still expect that there will be a bull run happening soon. The price is getting better and better, given that we have reach a really high peak before, the possibility of regaining that value is really possible. I'll just buy and hold, the future is bright.
Slow because we are just starting, we even have not reach a month period for this tiny bull run, don't expect hard.
BTC is very unpredictable, so you will be surprise, it's starting to attract and pour money in the market, once big players will infuse their money
the market will certainly move up, and we can see a big dump again, believe me.




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April 11, 2019, 06:11:25 AM
 #32

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. Grin

.. snip ..

We could see an incoming correction due to the fact that prices have risen so consistently over the past weeks, potentially down below $5k as I don't think there is sufficient support there yet. It's only natural that this happens, as price corrections are a matter of time in such instances. But in the medium to long term I think this should be the start of a bull market, and the halving next year will only further the bullishness.

A agree that there will be an incoming correction, no doubt about it. But I'm not seeing that bitcoin is in the overbought zone.

We still can go as high as $56xx and maybe, people will start to think that they need to book some profits as the TA will point that we are not closer or at least in the overbought zone when $56xx is touch, so let's see.

 
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April 11, 2019, 11:36:18 AM
 #33

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. Grin
You are right, investors better get ready for it and keep Holding their coin because anyone that sells off now at this critical time is doing so to his own detriment, I will also advise those who are waiting for bitcoin to fall back to $4000 dollars or below before investing to rethink their actions as it will be impossible for BTC to fall to that price again until we see the ATH.

I am not sure what will happen after the ATH, it depends on motive behind every investment, I believe we have big percentage of people keep their funds in BTC other than that of investment, so $4000 may never even be possible again as people adopt the crypto now for various purposes.

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April 11, 2019, 05:40:56 PM
 #34

Correction could happen and honestly it should, we can't sustain a forever gain too many times in a row, look at 20 thousand dollars, between 6 thousand dollars and 20 thousand dollars there was absolutely no correction and it went up so much that the middle wasn't filled so it really was easy to go down right away. If you go up too fast you miss the chance to fill the middle with orders which results with easy going down.

If we are going to go back up again to any number we should always stop in between and wait a bit to fill the orders first and than go back up again, that way even if we get too high the middle will be filled and when we go down we won't go down that easily anymore, I do not want bitcoin prices to be 20 thousand dollars again if we are going to go back down to 3 thousand again, if we are going to go back up than we should try to stay up as well.
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April 11, 2019, 06:20:55 PM
 #35

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. Grin

.. snip ..

We could see an incoming correction due to the fact that prices have risen so consistently over the past weeks, potentially down below $5k as I don't think there is sufficient support there yet. It's only natural that this happens, as price corrections are a matter of time in such instances. But in the medium to long term I think this should be the start of a bull market, and the halving next year will only further the bullishness.

A agree that there will be an incoming correction, no doubt about it. But I'm not seeing that bitcoin is in the overbought zone.

We still can go as high as $56xx and maybe, people will start to think that they need to book some profits as the TA will point that we are not closer or at least in the overbought zone when $56xx is touch, so let's see.
We did just able to reach out only $5400 price and it bump its head and going downward once again.Yes, its just a normal correction with big percentage. Recovery could happen but we would still wait up for that overbought zone of $5600.If we do able to see a breakout then possibility on heading towards $6000 in no time but for now lets wait and see on what are the things to happen ahead.

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April 11, 2019, 06:29:46 PM
 #36





That's it? I thought I would see charts super full of lines like those in the tradeview they like to display. but why is this image so simple? well, I never understand these tradeview guys

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%.

for daytrade people, they must have made good profits

Imminent incoming bull-run?

Why most people keep thinking that any price increase, result in the bull-run?

Get ready with your meme HODL. Grin


 
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April 11, 2019, 10:01:30 PM
 #37

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. Grin

Good to see it after a long period. 2018 was another best year to invest but none would accept as 2018 would be the best year as many were not able to gain profits. But investors with more expeirence would certainly accept the fact the current move is so good compared to last year and current growth may lead to a good spike by June 2019. Lets watch.
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April 11, 2019, 10:39:15 PM
 #38

For the past 7 weeks, bitcoin has experienced an increase in everyone's happiness and thinks that trend reversals have begun. But, if we see from the 7-week candle, the volume of the increase that occurs is very small, it takes a few more candles to confirm that the bull run has started and the correction is very necessary because the RSI has shown overbought.

 
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April 12, 2019, 02:05:16 PM
 #39

When was the last time bitcoin ever had a 7 consecutive weeks of gains? I think the 2017 peak was probably was the last time we ever seen that and never seen something like that ever since. I mean yeah we had some increasing weeks for sure but I do not remember any for 7 consecutive weeks, that is remarkable. Hopefully this continues for weeks to come (even months) so we could actually say we are in a bull.

Nevertheless it is a great accomplishment and we should all be really happy about it, without these insisting increasing prices we wouldn't be able to keep up with the increase that eventually gave us this 5k+ prices. What people do not realize is that even smallest of profits means at least its not a loss, 1 dollar increase is always better than 1 dollar loss.
It was the 7 consecutive weeks of gains that put us all in this current situation because I personally blame it for the bear market that came suddenly, if bitcoin had spread its growth to the ATH within a year, there would not have been concentration of sell off we experienced then, many people then was virtually doing more of sell off because there was no room for more investment.

If bitcoin was growing slowly on a monthly basis, there would have been serious balance between buy and sell, as people are taking advantage of short increases, many investors are also investing and this will tend to create a balance between the bull and the bear.

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April 12, 2019, 02:10:20 PM
Merited by Pab (1)
 #40

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. Grin

Yeah it was a little smile on our faces to be very much honest.
Yeah when my friends and fellow traders told me about the growth of Bitcoin , I was completely shocked. I thought that investors are showing interest in order to gain profit.
But have checked the Price Of BTC price since last two days ? it's again down and unfortunately made all of us sad.
We here still wondering when will Bitcoin again rise, so that we can sell our holdings in a bit higher price.
Hope my fortune helps me to do so soon.

 
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