Steadying out at $650

[spazzdla]

/Discuss, just a break before we go up?  A sell off and just before the fall?

[DolanDuck]

After some days of consolidation I think that the price will rise within the 700-800$ range.

[wonkytonky]

After some days of consolidation I think that the price will rise within the 700-800$ range.

agreed,  IF we pass 700 next stop will be 79x ish. 
there's no volume resistance what so ever.    so we need to consolidate here as long as we need to.. and go up after that.



also AFTER 800 ish broken.. there's basicaly no resistance anymore.. possibly the  psychological resistance of last ath will play in..

after that..   it's anyones' guess..   
since many ppl are beartrapped after these last runnups..   i bet a lot of fiat + fresh fiat is sitting on the sidelines to panic buy our next bubble..

i hope we stay here for at least a month below 800$   

[Wilhelm]

We are somewhere in week 3-4 after a trend reversal. People need to give it time...
Give it 5-6 weeks and we will be enroute to the moon

[RUEHL]

Hope I'm wrong.  

Lower upward bound trend line broke.

Even the Apple and Paypal news last week couldn't pop it over 700.

Over the coming weeksit would be totally healthy for a 50% retrace of recent highs down to 580.  

[Raystonn]

Hope I'm wrong.  

Lower upward bound trend line broke.

Even the Apple and Paypal news last week couldn't pop it over 700.

Over the coming weeksit would be totally healthy for a 50% retrace of recent highs down to 580.  

We need about a month of price stagnation before the next big launch.  This will serve to drive those on expensive margin out of the market.  As margin holders capitulate, this will be the final act of consolidation.

[Arghhh]

Hope I'm wrong.  

Lower upward bound trend line broke.

Even the Apple and Paypal news last week couldn't pop it over 700.

Over the coming weeksit would be totally healthy for a 50% retrace of recent highs down to 580.  

We need about a month of price stagnation before the next big launch.  This will serve to drive those on expensive margin out of the market.  As margin holders capitulate, this will be the final act of consolidation.

+1. This.

[ReRunRod]

1 month tops we shall see $800.00

[hellscabane]

I tend to agree that a retrace back to $550-$600 would be "healthy" or at least be a catalyst to give a prop for another run up. Stabilization at $550 for a few weeks would actually look favorably for various EMA indicators.

The way I see it, stabilizing at $650 on the other hand actually implies having hit another roof of around $700 in the medium-term (the indicators that I see MAs, Bands, and Volume Swap look fairly negative in this case).

[RandomPedestrianN9]

I tend to agree that a retrace back to $550-$600 would be "healthy" or at least be a catalyst to give a prop for another run up. Stabilization at $550 for a few weeks would actually look favorably for various EMA indicators.

The way I see it, stabilizing at $650 on the other hand actually implies having hit another roof of around $700 in the medium-term (the indicators that I see MAs, Bands, and Volume Swap look fairly negative in this case).

You win 10 internet points of sanity.

[Thibaut]

A move might occur within few hours :
www.tradingview.com/v/Qq5pOX81/

[UnDerDoG81]

To be honest, wouldn't wonder if it will start slowly drop back to 400s again. We where at this point a few times after the gox and china bans etc. and it dropped every time.

[DurbanPoison]

Seems to like the $650 level.... I also remember price gravitating towards $812... I think we will definitely be hitting that this year.

[zimmah]

I'm thinking the bears are running out of steam soon, i assume most people who are selling now are selling at a loss, as the price is quite low and if they wanted to sell they could have sold at better prices not too long ago.

it's just a matter of time before the price will rise again, no more cheap coins

[RandomPedestrianN9]

if they wanted to sell they could have sold at better prices not too long ago.

Isnt that kind of umm........the reason price was higher in the past? Because, like.......these people took the chance to sell at those better prices and so they did and thats why we are where we like...are?

[okthen]

We're doing a staircase moment.
When people get comfortable and realize it's not going down, they think "better buy now, we might never be at this value again".
And up another level.

[boumalo]

We're doing a staircase moment.
When people get comfortable and realize it's not going down, they think "better buy now, we might never be at this value again".
And up another level.

Yes and the sentiment is getting more positive as we go up, people get used to the new levels and are speculating on higher prices and traders follow the trend and keep buying