Final Warning to Those Still Holding Fiat!

[kireinaha]

Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend.



It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May.

[counter]

Thanks for sharing that analysis.  I get the feeling things will get very interesting next month. 

[nidhogg1]

Im sorry but how exactly does drawing two lines predict anything? Need more variables, way more.

[kireinaha]

Im sorry but how exactly does drawing two lines predict anything? Need more variables, way more.

We've been riding the 1 day trend line down like a zip line since December, so it will be interesting to see what happens which this triangle finally breaks. I have a feeling something big will happen next month, but you're right, there is the x factor of more Chinese FUD or other unknowns which could throw everything off.

[kireinaha]

May 28, here we come...

[Dalmar]

If it breaks this upper support line to the downside, things dont look pretty:

[hellscabane]

We will be testing some very interesting waters during May, but I think the upward acceleration will be later on. Still though, the time to “get on board” is growing more and more limited.

[UnDerDoG81]

Drawing some lines never worked for Bitcoin. No matter if up or down...

[kireinaha]

Drawing some lines never worked for Bitcoin. No matter if up or down...

Well, this is the *speculation* forum. Just by comparing the support levels since last fall and running that up against the gradual downward trend we've been stuck in, I think it's safe to speculate that *something* significant will happen in the next few weeks. It will be an interesting month, as we watch it play out. We're due for a market reversal, so I'm inclined to believe it will break up near the end of next month, after a further decline to ~$380. So that's the warning; once we hit that level, it's time to move from fiat back into bitcoin. But it's the final warning.. I'm not going to issue it again. 

[UnDerDoG81]

Drawing some lines never worked for Bitcoin. No matter if up or down...

Well, this is the *speculation* forum. Just by comparing the support levels since last fall and running that up against the gradual downward trend we've been stuck in, I think it's safe to speculate that *something* significant will happen in the next few weeks. It will be an interesting month, as we watch it play out. We're due for a market reversal, so I'm inclined to believe it will break up near the end of next month, after a further decline to ~$380. So that's the warning; once we hit that level, it's time to move from fiat back into bitcoin. But it's the final warning.. I'm not going to issue it again. 

I pray that you are right, I´m also sick of these $300-400 coins, I miss them $800 coins...

[firstlast]

We'll break out of this triangle soon enough. Should be an exciting month for both bitcoin and fiat holders!

[kooke]

If we break $550 in the next 2 weeks then things could get interesting.

[TERA]

Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend.



It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May.

How exactly did you place this arbitrary line at the bottom. I see it doesn't actually contact the end of any of the candles except 1.

[kireinaha]

Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend.



It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May.

How exactly did you place this arbitrary line at the bottom. I see it doesn't actually contact the end of any of the candles except 1.

I decided to bypass the flash crash on April 11 from my support line because it was a fluke generated by an X factor event.

[jonald_fyookball]

As much as I love technical analysis, I don't think it applies that much to bitcoin right now because of low market depth.

[TERA]

Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend.



It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May.

How exactly did you place this arbitrary line at the bottom. I see it doesn't actually contact the end of any of the candles except 1.

I decided to bypass the flash crash on April 11 from my support line because it was a fluke generated by an X factor event.

All of the downwards spikes are caused by 'events'. How can you ignore one but not others?

[smoothie]

that chart looks like a coiling spring to me....

All the naysayers sell now! While Bitcoin is "high". lol 

[Mayuyu48]

why there's so many "final warning" in this sub forum

so you advise us buy BTC when price still cheap like now?

[Carra23]

Is this the final final warning, or the final final final warning?

I will buy when its the final final final final warning.

[spazzdla]

why there's so many "final warning" in this sub forum

so you advise us buy BTC when price still cheap like now?

I think it's become a joke..