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Author Topic: Current Bitcoin Trend  (Read 1960 times)
wobber
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June 26, 2014, 04:50:59 PM
 #1



Image sais it all. Seems like no ATH this year, folks.

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June 26, 2014, 04:59:12 PM
 #2



Image sais it all. Seems like no ATH this year, folks.

Your line violates a basic tenet of trend lines.  In a downtrend, we have lower highs and lower lows.  You can clearly see from your chart that we recently had a higher high.  If we can establish a higher low, then we are in a confirmed bull trend.
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June 26, 2014, 05:10:57 PM
 #3

Your line violates a basic tenet of trend lines.  In a downtrend, we have lower highs and lower lows.  You can clearly see from your chart that we recently had a higher high.  If we can establish a higher low, then we are in a confirmed bull trend.

Price needs to stay above the 200 SMA for confirmation of a new long term bull trend. This has failed to happen so far.



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Torque
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June 26, 2014, 05:16:56 PM
 #4



Image sais it all. Seems like no ATH this year, folks.
You wanna post this chart again when the year is actually near end?

Here, have another chart:

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June 26, 2014, 05:20:33 PM
 #5

That graph gives off a strong "buy" vibe. Can't figure out why  Roll Eyes

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June 26, 2014, 05:26:45 PM
 #6

That graph gives off a strong "buy" vibe. Can't figure out why  Roll Eyes

That chart didn't showed any 'buy' signals at 450s...

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June 26, 2014, 05:28:42 PM
 #7

I would think after the selling and dumping of the silkroad coins that bitcoin will drop severely. Could be wrong Thou!
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June 26, 2014, 05:33:14 PM
 #8

I would think after the selling and dumping of the silkroad coins that bitcoin will drop severely. Could be wrong Thou!

Uh huh.

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June 26, 2014, 05:48:23 PM
 #9

Of course any half of us could be wrong at some point this year, but with the amount of media, venture capital, and development happening I doubt we're on a year long bear trend. I'm not saying we have to go to $5k this year, but at some point this ship is gonna start sailing north.
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June 26, 2014, 06:04:03 PM
 #10



Image sais it all. Seems like no ATH this year, folks.









...


...


...











Ooops.

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June 26, 2014, 06:16:54 PM
 #11

Image sais it all

Some images are worth a thousand words, yet for others even one is too much.

i am satoshi
wobber
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June 26, 2014, 06:20:36 PM
 #12

1 word: "ACCURATE" ?

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June 26, 2014, 06:56:52 PM
 #13



Image sais it all. Seems like no ATH this year, folks.









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Ooops.

Haha, I saw that first image and though, "What the hell is he smoking? That isnt a valid trendline OR even remotely bearish"
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June 26, 2014, 07:05:07 PM
 #14

This month is almost identical to September of last year..
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June 26, 2014, 08:27:49 PM
 #15

Let's hope july is like november then,

it's about 8 months so it's about time for a new rally.

say goodbye to triple digits. 2000 is the new 500

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June 26, 2014, 08:35:18 PM
 #16



say goodbye to triple digits.

Yes sadly it will happen soon. We will wait to see 3 digits again for a long long time. BitCoin will need lots time to recover of all troubles coming in near future.

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June 26, 2014, 08:52:56 PM
 #17

We'll see... Not convinced we're going to have a rally this year yet.

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June 26, 2014, 09:17:37 PM
 #18

We'll see... Not convinced we're going to have a rally this year yet.

there is simply no way of knowing what will happen, like they say "the night is darkest before the dawn"
this could shoot back up anytime, in the meantime, just try to get more on trading those short ups and downs.
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June 26, 2014, 10:48:53 PM
 #19

We'll see... Not convinced we're going to have a rally this year yet.

Me neither.

But that "downtrend" you drew was so sloppy, it made masterluc cry (and he's not even reading this forum anymore) Cheesy

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June 27, 2014, 05:47:09 AM
 #20

Short term chart:


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