Bitcoin just broke the 2012 long term support trend line.

[Kipsy89]

I predicted the $450-$680 megapump and timed it perfectly.
Then today's sell off and I posted a bunch of other short trades lately.

Not bragging, just saying that it's not rocket science, anyone can do it if they know the right (simple) tools, and that predicting major moves is absolutely possible.

Interesting. So, what do you make of the current situation? Are we going to bounce back soon? Is there a real and substantial trend-reversal coming soon? What do you think? I believe we basically need at least a high-volume retest of $275, maybe even lower. Does that make sense?

[celebreze32]

I hope it bounces up, too, but don't we need a higher volume for this to be significant? RIght now it only looks like a continuation of the bleeding out that's been going on for quite some time now and that can't be good for anything, this just pushes the price down further, and isn't causing any support to remain valid.

I'm not a "trader" so it's up to you guys. But isn't this when you're supposed to be buying the dip (cheap coins)?  People seem real good at selling the tops, but poor as shit at buying the bottoms.   Between the farms cashing out and the short-capades going on at all times is it really a surprise that it's continually bleeding out?

Well, a lot of people are really greedy and will never sell at the top, but buying the bottoms is hard because things look dire then, and people start to panic. This is contrarian-investing, but works only when you are totally sure about what you are doing! As soon as emotions get involved, you are screwed!

Please introduce me to someone who knows what they are doing and thus accurately predict the price.. I have read a lot of threads on here and havent come across anyone yet. Cheesnut is excellent at short term predictions using EW but thats only for the short term traders.

I predicted the $450-$680 megapump and timed it perfectly.
Then today's sell off and I posted a bunch of other short trades lately.

Not bragging, just saying that it's not rocket science, anyone can do it if they know the right (simple) tools, and that predicting major moves is absolutely possible.

Why don't you start your own thread to put all your future predictions in? What do you think the price will do this next week, do you think it will continue sinking, and how low?

[Wandererfromthenorth]

I predicted the $450-$680 megapump and timed it perfectly.
Then today's sell off and I posted a bunch of other short trades lately.

Not bragging, just saying that it's not rocket science, anyone can do it if they know the right (simple) tools, and that predicting major moves is absolutely possible.

Interesting. So, what do you make of the current situation? Are we going to bounce back soon? Is there a real and substantial trend-reversal coming soon? What do you think? I believe we basically need at least a high-volume retest of $275, maybe even lower. Does that make sense?

Why don't you start your own thread to put all your future predictions in? What do you think the price will do this next week, do you think it will continue sinking, and how low?

Very probably going lower IMHO, bounces here and there are possible but I wouldn't count on them.

[Wandererfromthenorth]

Update:



Looks pretty much completely broken to me now:

[ajw7989]

Update:



Looks pretty much completely broken to me now:

interesting so the last lowest point was 275. Lets see if we go below that if we do not theres good hope we will bounce back to maybe 300. Heres for being optimistic 

[waaat?]

this was an important line.

Next important line will be the ATH from 2013 (-10% from here)

In case that gets boken too you'll see the mother of all panics

Rebound will not happen quick or a lot. Bottom is ... well, we'll see ...

[criptix]

you guys panic to early, nothing broken yet.

if it happens you gonna notice fast because we gonna see 1xx again

[kwukduck]

Silly people, i warned you for a few weeks already...

[waaat?]

Silly people, i warned you for a few weeks already...

many did warn - they were called trolls