Bitcoin Thread

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Temujin said:
If pushes and breaks 7750 best you not to be holding fiat;)

Edit: more like 7800
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Yeah I made some cash with this move though the real test that will probably decide BTC's future for the rest of the year is what happens at $7800/$7900. We got back into the massive triangle and the resistance is going to be tested again. Breaking out above that zone will be key and also tough. My personal feeling is that we won't have enough power to break it convincingly. Maybe a spike through and then selloff. Especially since we're so close now just after this massive move so bulls are going to be a bit stretched. People will also be taking profit in the next few days which will kill some momentum.

26n61qRZ


I believe that we also just hit the highest RSI ever on the 4 hour chart. So overbought right now.
 
SaiyanZ said:
Yeah I made some cash with this move though the real test that will probably decide BTC's future for the rest of the year is what happens at $7800/$7900. We got back into the massive triangle and the resistance is going to be tested again. Breaking out above that zone will be key and also tough. My personal feeling is that we won't have enough power to break it convincingly. Maybe a spike through and then selloff. Especially since we're so close now just after this massive move so bulls are going to be a bit stretched. People will also be taking profit in the next few days which will kill some momentum.



I believe that we also just hit the highest RSI ever on the 4 hour chart. So overbought right now.
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That 7800 region is scary... need some big whales to blow through it, if, big if, massive if, but if it goes, next stop could be early to mid 9. Lets see what next few days and weeks bring:D
 
Temujin said:
That 7800 region is scary... need some big whales to blow through it, if, big if, massive if, but if it goes, next stop could be early to mid 9. Lets see what next few days and weeks bring:D
Click to expand...

My best guess is that the break will be left till the last minute as nobody will want to make the first move and also to keep people guessing. So we could dance around inside this tight $500 range for 3 weeks until the tip of the triangle at roughly $7350 before breaking either way.

EK1Bki5f


Also if we break back down out of the triangle it will be hard to get back up I think. It will show rejection from the triangle/price range and continuation downwards.
 
SaiyanZ said:
My best guess is that the break will be left till the last minute as nobody will want to make the first move and also to keep people guessing. So we could dance around inside this tight $500 range for 3 weeks until the tip of the triangle at roughly $7350 before breaking either way.



Also if we break back down out of the triangle it will be hard to get back up I think. It will show rejection from the triangle/price range and continuation downwards.
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If I'm looking at it correctly, if it follows pattern correctly(which it 'should'), it looks like could be around 9.5k first/second week august? That'd be nice:)
 
Temujin said:
If I'm looking at it correctly, if it follows pattern correctly(which it 'should'), it looks like could be around 9.5k first/second week august? That'd be nice:)
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"follows pattern correctly(which it 'should')"

Living the dream?
 
biometrics said:
"follows pattern correctly(which it 'should')"

Living the dream?
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:rolleyes:Don't need to be right all of the time, just most of the time, and people I follow around the webs, and views from people on here for example are generally 80-90% correct, most of the time they are correct within a few dollars or so, so... 'dream', you can call it whatever you like
 
biometrics said:
Going to crash hard, Chris.
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All your predictions about BC have been wrong thus far. I'm hardly going to believe you on this one either. Crypto-currency is a truely transformative technology which will change the world. I first bought Bitcoin in August or September last year so I will give you my ROI on the 30th of August.

#believe .
 
Chris_the_Brit said:
All your predictions about BC have been wrong thus far. I'm hardly going to believe you on this one either. Crypto-currency is a truely transformative technology which will change the world. I first bought Bitcoin in August or September last year so I will give you my ROI on the 30th of August.

#believe .
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He did say during ATH BTC is going down hard and he was right.

He is saying BTC is going down hard in a bear market, he is still right, sadly :crylaugh:
 
Thor said:
He did say during ATH BTC is going down hard and he was right.

He is saying BTC is going down hard in a bear market, he is still right, sadly :crylaugh:
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He also said $1000 by end of April, but changed his mind, it’s now $1000 by the end of the year.

Get shorting away then...
 
Chris_the_Brit said:
All your predictions about BC have been wrong thus far. I'm hardly going to believe you on this one either. Crypto-currency is a truely transformative technology which will change the world. I first bought Bitcoin in August or September last year so I will give you my ROI on the 30th of August.

#believe .
Click to expand...
How has it "transformed" your life? Alternatively, how will it "transform" your life?

Exactly. You are just a greedy speculator, the tech means nothing to you.

/thread
 
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