Maddie
Long

A new big rally in a few weeks from now?

BITSTAMP:BTCUSD   Bitcoin / Dollar
1185 61 12
As I promised here is my description.

While everyone is complaining about the broken trend line , I still see a potential growth. The red trend line is broken but in my opinion it don't have to be a bad signal if the past repeats. The bubble in the beginning of 2013 follows almost the same patter as the bubble from October of 2013. In September of 2013 the red trend line was (also) broken very bad. The good news is that it was just a few weeks before the start of a big rally. Lots of things of these patterns are in common. If we assume that the future will repeat, there could be a big change that Bitcoin is about tot start a big rally in August.

All the good news so far hasn't had any effect on the price. There has to be a lot of good news in order to bring the price to a new ATH             . In my opinion there is no need to worry if Bitcoin stays above 550. I think it's just a moment of time before the price breaks above 638.

Have a nice day guys!

------------------------------------------------
Edit*
I'm sorry I just saw that the colors of the right fib are upside down!
Hope this won't confuse you!
I'm such a beginner, don't be upset please :)
ItisCalvin
2 years ago
Another girl in Bitcoin! A rare sight indeed.

There may be rally, but we need to have something to push us up high enough. In the next few weeks I can decide if there is going to be any rally based upon what happens. Remaining below 700 would be cautionary for the bulls. Just playing the waiting game right now.
Reply
johnrfraser
2 years ago
I liked the cup and handle...looking forward to the pending explanation...
Reply
artiguste
2 years ago
I like how optimistic you are.
Hope you're right.

Come on bulls, gore those bears ! ! !!
Reply
ShortThePlanet
2 years ago
Maddie, please, be very very careful, or I will take your money. But don't want to do it, because you are too cute.
-4 Reply
Maddie ShortThePlanet
2 years ago
Thanks for being concerned but I know what I'm doing. The technology behind Bitcoin is so revolutionary and great. I''m sure it pays out in a couple of years, in my opinion we are the early adopters and there is so much more to come!
Reply
ShortThePlanet Maddie
2 years ago
Agreed about the techonology, but this techology has some serious problems now. Yes, I'm sure these problems will be solved in the future, and if you have enough patience to wait at least 2-3 years by watching how your money literally disappearing and if you are not long on margin now, then you are great!
-2 Reply
Maddie ShortThePlanet
2 years ago
We will see!
Reply
NicoNaylor ShortThePlanet
2 years ago
2-3 years? are you blind? I've been doing technical analysis for 13 years and I can tell you that Bitcoin will be around 3000 by March next year. We will see a dip to 500-530 then you won't be able to buy it at those levels ever again. The fundamentals are there and the technicals represent the fundamentals succinctly.
+2 Reply
ItisCalvin NicoNaylor
2 years ago
Don't get too far ahead of your self. Let's take it a few months at a time. What are you're thoughts on + 1000 by at least September?
+3 Reply
BuyBitcoin ItisCalvin
2 years ago
more likely October/November
Reply
NicoNaylor ItisCalvin
2 years ago
Not sure about September. November-January usually is when people have extra money to blow. We should def see a spike around then. And when btc spikes, it spikes hard.
+4 Reply
MarvinMartian NicoNaylor
2 years ago
You haven't ever worked in retail, Nov-Jan people are broke. It's christmas!
Reply
Maddie MarvinMartian
2 years ago
Here in the Netherlands people get there 13th month around december so they have more money to spend.
Reply
MarvinMartian Maddie
2 years ago
Here in America, the government lies about how many people are working (because they can). There is never anything "extra" here and the only people really long in BTC are people that already have money.
Reply
Maddie MarvinMartian
2 years ago
I think the people how are long could be, nerds, bank haters, students (like me) believers, and last but not least (the most of the money is from) tax avoiders.
Reply
ShortThePlanet Maddie
2 years ago
I don't think that the most money is from tax avoiders. I think that the most money is from those who want to get rich quick.
Reply
MarvinMartian ItisCalvin
2 years ago
I'll bet $1, never $1000 again. {protip, don't take my bet, I'm a crypto dev}
-1 Reply
NicoNaylor MarvinMartian
2 years ago
Obviously you haven't done your homework and you don't know how technical analysis works (i.e. trends and so forth)... and you work in retail. Let me save you some credibility and suggest you stop posting. Start reading more about bitcoin. :)
Reply
MarvinMartian NicoNaylor
2 years ago
Lol. I have code that I have written that is older than you are.

But here's the thing, I really don't care what you "technical traders" think. Because you are WRONG. This is NOT a currency, and it is NOT a commodity.

Every time you apply your "theories" to it, you might as well flip a coin. There are no NATURAL movements in BTC, because it's almost 80% artificial trading. Once again, I am trying to get you guys to understand this, >I< work for the exchanges the bots are trading on. I know what volume is traded, by algorithm. The only patterns that will suss out, are algorithmically traded patterns and by the time you notice them, you can't move on them.

As far as studying, you live in a vacuum. BTC doesn't.

"Study" this: http://en.wikipedia.org/wiki/Pilot-induced_oscillation << that is what you see in your technicals. Computers making corrections that humans trade on.

And as far as credibility... the people in the cryptocurrency realm know my name, they don't know yours. How do I know? I asked them. See, simple.
-1 Reply
NicoNaylor MarvinMartian
2 years ago
Artificial trading is everywhere, I don't know what makes you think algo-bots really matter in this conversation and this IS a currency, go study economics. Just wait until January then we can all rub this in your face later ;)
+1 Reply
MarvinMartian MarvinMartian
2 years ago
Downvote? Someone butthurt? Aww, Karpeles will kiss it and make it all better.
Reply
Maddie MarvinMartian
2 years ago
Don't like your reactions at all.
Maybe you should read some more about BTC, it's fundamentals and about technical analysis, instead of doing this.
Reply
MarvinMartian Maddie
2 years ago
You, are funny. I am LITERALLY a CODE DEVELOPER FOR CRYPTOCURRENCY. I am quite certain I know much more ABOUT Bitcoin than 99.99% of the people on this site. ie, if you don't know what the code looks like and what exploits are possible with BTC, do NOT tell ME to READ MORE. =)

But you are welcome to your opinion -=)
Reply
MarvinMartian MarvinMartian
2 years ago
Also, I am currently involved in the code with no less than 3 exchanges that trade cryptocurrency and I know the ONLY thing that gives your funny money, ANY value, is only what WHALES give it. The second a whale dumps the coin, the value is gone.

API's are automated trading portals for bots.... just ONE WHALE dumping on BTC and you'll have 1000 bots triggering a hellish apocalypse of sales.

So, all of you "technicals" followers... lol. You are essentially a bacterium on unwashed hands. The soap is coming.
-3 Reply
ShortThePlanet MarvinMartian
2 years ago
Thank you for your very useful info! I agree that the price is going to single digits.
Indeed, this market is full of bots and to me it's looking too "mechanical" in short term and intraday timeframes. But I would say the the Elliott Wave theory on long term timeframes works pretty good here and actually my EW counts have exactly the price target mentioned by you.
And after reading your comments now I feel even safer with my shorts. Thank you and good luck! :)
Reply
ShortThePlanet ShortThePlanet
2 years ago
Btw, I'm also a programmer and have some bots trading on the exchanges, so I completely understand what you say :)
Reply
ShortThePlanet ShortThePlanet
2 years ago
But on short term timeframes we still can look at EMAs, MAs and Fibs, because almost all bots are trading on that xD
Reply
NicoNaylor MarvinMartian
2 years ago
Just one more Maddie, my dear :). What's coming is a bunch of smart money (banks and other FI's) ready to use this technology to save on costs. For that to happen the Market Cap of Bitcoin will have to expand. You may be a good programmer but you're a bad economist. See I can write comments without insulting you but still make you look stupid ;)
+1 Reply
NicoNaylor MarvinMartian
2 years ago
I'm literally calling you a liar.
Reply
MarvinMartian NicoNaylor
2 years ago

http://i.imgur.com/WYQ8ibP.png

That's fine... the wonderful thing about my claim is... I can produce all the proof I need to make your "I'm literally calling you a liar" be exactly like the childish kindergarten schoolyard taunt it is.

Send 2BTC to 1MArTiANHrgNt9Z1zZ8tboqVC5RwTCVd88 (You have a vanity address too right?) and I'll have a NicoCoin, or whatever you want it to be called... tomorrow morning at this time. I'd typically get it done sooner, but this is short notice.

Any combo PoW, PoS you want, any algo you want. Any block reward you want. Heck want me to start it as PoW then premine it for you and fork to PoS? I can, I have a rather large scrypt mining farm, in the hundreds of MH/s. Want an electrum wallet for it? Market and exchange to go with it? Any idea for a halflife or anti-deflation measures?

Do you know what any of that terminology means? Do you need to do some reading?

Why should you pay for it? Well, that's the going rate and I am doing work afterall.

Can't afford the 2BTC? Then maybe you should shut up da eff up...

Because anyone that has done technicals for 13 years and doesn't have 2BTC to piss away to prove a point, is pretty lame. And if you don't have 2BTC lying around, you obviously don't know crap about technicals on BTC either. If you didn't make 2BTC on the Marshalls sale alone, you aren't worth the bytes you are leaving behind on this forum.
-2 Reply
Maddie MarvinMartian
2 years ago
Okay. This is the end of this conversation.

This site is intended for people who love trading BTC.
It's not for people who just want to tell how good they are in other business and bring others down.

So please stop arguing on mine chart, and start posting your own.
+2 Reply
MarvinMartian NicoNaylor
2 years ago
> I've been doing technical analysis for 13 years and I can tell you that Bitcoin will be around 3000 by March next year.

Wow? You've been doing technical analysis on Bitcoin since 2001? http://i.imgur.com/LT2CI25.png
-2 Reply
Maddie MarvinMartian
2 years ago
Okay, we will see!
I'm looking forward to your see next idea :)
Reply
ItisCalvin MarvinMartian
2 years ago
Technical analysis on OTHER markets. I don't see anywhere it mentions they did TA on Bitcoin for 13 years. I guess it's a grammar thing since it can look like they are one and the same.
+3 Reply
MarvinMartian ItisCalvin
2 years ago
No, I was pointing out that 13 years of technical analysis on something that is entirely not related to Bitcoin, is irrelevant.

Bitcoin is not stocks and it's not Forex... so the length of time, anyone has been doing ANYTHING worthwhile with BTC is... just a few months longer than a year.

Anyone that claims any knowledge of what Bitcoin will do, that extends any further than a few months... might as well have one of those neon signs that says psychic and go hang it in Malibu.

Because there is absolutely NO trend you can point to in Bitcoin. It hasn't been around long enough to create anything of a trend. Any time frame picked out of the lifespan of BTC is punctuated by news movement that will entirely disrupt discovery of a natural cycle.
-1 Reply
ItisCalvin MarvinMartian
2 years ago
While on the surface they seem different they are basically the same indicators. Many indicators that work well for stock or Forex will not work for Bitcoin. However, there are still many that work.

The one big difference I see in doing TA in any other market is time frame. They move SO much slower than Bitcoin. Bitcoin moves about what normal stocks move in a matter of months.

When you come to Bitcoin you don't suddenly toss out 13 years of experience and tools. For example, looking for trends, using Fib levels, or finding Elliott Waves.

The trends are rather new in Bitcoin, but it doesn't make them any less reliable. But again, as in normal stock markets new IPOs like Twitter have a base trend they start in. At some point they change. ALL markets are dynamic. Nothing will ever have the same trend today as it did yesterday.

What it all comes down to is if you are making money off your TA or not. Bitcoin is not different in regards to cycles to just about anything in life. They are often easy to see when you look hard enough. Bitcoin just happens to be unique in that about every cycle so far has beaten the last by a dramatic %. Other stocks I've seen have the cycles, but generally don't have exponential growth up. They may go down and the peak will still occur at some point.
+3 Reply
NicoNaylor MarvinMartian
2 years ago
Did you miss the point there or are you being serious? :) lol
Reply
ShortThePlanet NicoNaylor
2 years ago
Show me your technical analysis or I will think that you are just one of hired bitcoin "promoters" whose work is to convince retail people to buy bitcoin at the top.
+1 Reply
ShortThePlanet ShortThePlanet
2 years ago
it's to @NicoNaylor
+1 Reply
NicoNaylor ShortThePlanet
2 years ago
Dude it's simple. The long-term trend is up. On an intermediate time frame we're seeing the consolidation before the rally just like same pattern we saw in the last two bubbles before the trend continues (huge rally, then correction). Even the fundamentals are solid (i.e. indestructible free currency system that renders other paradigms of commerce obsolete).
-1 Reply
ShortThePlanet NicoNaylor
2 years ago
Show me evidence of your 13-yr experience, plz.
+1 Reply
ShortThePlanet Maddie
2 years ago
Also, the TA patterns on your chart have some (almost invisible, but serious) differencies, and this fact changes everything.
-2 Reply
Maddie ShortThePlanet
2 years ago
What kind of differences?
I'm very curious !!
Reply
ShortThePlanet Maddie
2 years ago
Sorry, but I can't share this information in public discussions.
-1 Reply
artiguste ShortThePlanet
2 years ago
Smooth talker!
+2 Reply
Maddie artiguste
2 years ago
Hahaha
+1 Reply
NicoNaylor Maddie
2 years ago
He's a good bullshitter and obviously he has a short position, that's the difference.
Reply
ShortThePlanet NicoNaylor
2 years ago
your chart, man? :D
Reply
MarvinMartian Maddie
2 years ago
> I''m sure it pays out in a couple of years

I'll take that wager. Gentleman's bet, $1?
Reply
ShortThePlanet MarvinMartian
2 years ago
$5! :D not joking
Reply
No1
2 years ago
lol anatolio got downvoted by her bodyguards..

I agree with you maddie... check out what our friend emanance showed me today
Fun with Fibs.
Reply
Maddie No1
2 years ago
Thanks, we will see if we are right within 20 days or so!
Reply
No1 Maddie
2 years ago
my own guess is a bit sooner.. but as long as 565 holds I am fine..
Reply
MarvinMartian Maddie
2 years ago
I disagree... BTC price movements remind me a of a balloon, slowly losing its air.

Reply
No1 MarvinMartian
2 years ago
You are missing all the good news.. UK begging to become centre of Bitcoin lately, OKCoin futures increasing liquidity and derivative instruments is what the big pockets waitng for desperately.. ok a NASDAQ listed ETF has much extra quality, but still...can happen anytime this year.. It is just the summer-lowtime.. which is almost over...
Reply
ShortThePlanet No1
2 years ago
LOL hard @ your "good news"
+1 Reply
ShortThePlanet No1
2 years ago
"Smooth talker" is downvoted by "bodyguards" xD
Reply
Maddie ShortThePlanet
2 years ago
sounds better don't you think? ;p
Reply
ShortThePlanet Maddie
2 years ago
Sounds great! That's what I think ;p
Reply
ShortThePlanet ShortThePlanet
2 years ago
Someone is downvoting me again? How many bodyguards do you have? I can't even talk smooth? :D
+1 Reply
MarvinMartian
2 years ago
In opposition to your thought. No rallies, unless huge news. And as I see it, the only news that will move the ticker the most is bad news. So, not even a news rally is left. Only way BTC pumps again, is something "nearly earthshattering in crypto" or an artificial pump. (If you look at the 1min charts, you can see the bots working their magic, all the time)

snapshot
< historical price trends show nothing new/exciting coming.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out