Just another bulltrap?

[Kontridder]

Momentum allready dead. It looks more and more like we are in a bulltrap / deadcatbounce.
Can some experts like Falling concur?

[1714689207]

1714689207

[1714689207]

1714689207

[gwoplock]

I would think so.

Disclaimer: I'm new to this.

[JimboToronto]

Momentum allready dead. It looks more and more like we are in a bulltrap / deadcatbounce.
Can some experts like Falling concur?

LOLOLOL

 

[anu]

Momentum allready dead. It looks more and more like we are in a bulltrap / deadcatbounce.
Can some experts like Falling concur?

Possible, but the volume was already higher than 750K. Some low has to be the bottom. If that wasn't it, what volume is to be expected at the real one?

[Dalmar]

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

[Torque]

Too many people saying the bottom is in and doing victory laps.  

If we don't break 350, and stay above it for longer than a week with RISING volume, then we'll likely slump back down as short terms traders close long positions and take profits again.  Wouldn't be surprised at all if we were back down to ~300 two weeks from now.

And what's to stop the whales to short AGAIN once we hit 600 again?

Also, people disregarding the bad market sentiment that has been created over the last 10 months, as well as the last 24 hrs, are completely delusional.  Joe Public is not touching bitcoin for a VERY long time, and I wouldn't blame them. It could take upwards of 24+ months to see another ATH again.

[Tzupy]

If the market won't be able to build the first sub-wave of wave 1, then the alternative is to go down one more time.
As for the volume of such a down move, if it happens, it could be huge.

[Tstar]

or may be final dump before a massive pump
what if someday you wakeup and see bitcoin over 1200$

i m expecting something like this

[Kontridder]

or may be final dump before a massive pump
what if someday you wakeup and see bitcoin over 1200$

i m expecting something like this

What about a dump and sideways for 6 months ?

[gwoplock]

or may be final dump before a massive pump
what if someday you wakeup and see bitcoin over 1200$

i m expecting something like this

What about a dump and sideways for 6 months ?

Please I could use some more time before another bubble.

[DeadCoin]

Momentum allready dead. It looks more and more like we are in a bulltrap / deadcatbounce.
Can some experts like Falling concur?

Unquestionably, I'd be shocked not to see a new low this week.

[byronbb]

Yes the volume was massive but I see no rally. I actually see sort of a stalemate between bulls and bears, so maybe some more months of tedious sideways (in)action. 

[Remember remember the 5th of November]

Momentum allready dead. It looks more and more like we are in a bulltrap / deadcatbounce.
Can some experts like Falling concur?

LOLOLOL

 

For which this user just went on my ignore list for being an alt.

[Coinshot]

I expect the pattern from April 2014 to repeat. Major low (275) followed by a +60% pump and then sideways.

275 would be awesome, but I think we will stay above 300 for now. Lots of resistance and not enough selling appetite.
History is not a reliable indicator, this time I think the recovery would be slow.

[catena5260]

If we survive the weekend without dropping more, I will start to believe we hit the bottom for now.

Mid-week pumps followed by weekend dumps is so classical.

[exocytosis]

Classic dead cat bounce.
Sub 250 coming in a couple of days or so.

[_chance_]

I think it's going to fall to 215 this time, by the huge sell wall in bitstamp a couple days ago already took it to 280
but next will be pretty steep.

[JimboToronto]

Momentum allready dead. It looks more and more like we are in a bulltrap / deadcatbounce.
Can some experts like Falling concur?

LOLOLOL

 

For which this user just went on my ignore list for being an alt.

I guess I'm more tolerant and open to comedy.

Obvious paid trolls like Kontroller, Sevtroll, Faiiiiling, Dump3troll, etc., can at least be mildly amusing in their ridiculousness.

The only troll I've put on ignore is that insufferable egotist MatTheTroll whose arrogance and stupidity transcend any entertainment value.

[MrBig]

I think the price is going to stay here for a while before we see another major shift. We've seen lower highs and lower lows in regards to the price of  BTC over the last few months, and if that pattern were to continue, then we may see a slight recovery followed by drop to the low $200s towards the end of the year.

[Coinshot]

Classic dead cat bounce.
Sub 250 coming in a couple of days or so.

It went the opposite way

Weekend would be a real trend setter. If it does not drop much then its going to keep on rising for now.