Four phases of market activity

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
See chart.

The accumulation phase is nearly over. I doubt you will ever see sub 200 ever again. It is important for investors and traders to know which phase the market is at to position yourself correctly.
Actual "long-term" distribution eventually began in July 2014 when there was enough evidence that there won't be another legendary bubble run for a long while to come, as pointed out by me back then giving the current price as first target.
Your wishes are the fathers of your thoughts; this analysis is loosely based on resemblance of chart patterns and the assumption that the massive overall uptrend is still intact (which it is not ever since $600 broke down over a year ago).

I bet you would have done great in this market if only you had joined it two or three years earlier. However, when the music stopped, the lights are off and you are all alone in a dark room with empty bottles, and you still don't realise the party is over for today, then I don't think your stubbornness can be helped.

(Only referring to this specific chart and the general bias in your analysis. Still appreciate your posts and the occasionally fresh approach you have.)
I am a bit shocked by the the comments to 100ks charts. This chart is essentially a regurgitation of what has already happened in previous sub cycles. Yet, everyone is basically saying that he is smoking crack even though the fundamental math behind these cycles is there. If you don't believe in bitcoin, then that is a different story. Press it here. Press it at 152 and maybe buy it back at 63. If you do believe in bitcoin but are wary of something better coming down the pipe, there is still room for the above. If you are just a technical trader and don't care either way, then I would be very cautious about pressing these levels with monthly stochastic (yes that piece of dog doo) flat lining at 16 or below for 5.5 months now unless bitcoin is crap.... especially given past structural cycles. So yes the bulls have had their since the beginning. The bears have had their say (even the bitcoin believers) since the beginning. Both have done well given the right entry points. As a bitcoin enthusiast and investor and overall mostly bear trader (in other products), nothing on the charts tells me to sell it aggressively here for size. As Technologics says, this is what history is telling me. Not with the Saudi National guard entering Yemen. Not with Bunds being the short of a lifetime. Not with China's first state owned default and most importantly NOT WITH SAUDIS TALKING TO CHINA ABOUT BENCHMARKING OIL TO YUAN INSTEAD OF DOLLAR. The amount of Longs the Bull whales have amassed in the above accumulation phase won't be even close to enough and we will most likely see (unless bitcoin is just crap) yet another phase change to the upside.
+2 Reply
Dude.. do you ever take pause to evaluate why you're consistently wrong?

Why bother posting these daily ridiculous permabull charts when you're just making a laughing stock of yourself and deluding other shitcoiners with your bullshit rationales?

Oh wait, it's probably because you're a Bitcoin bagHODLer. lol.

Sorry for ur loss.
+1 Reply
Simply because you cannot call your TV account complete without a BTC chart promising 5 digits in one week to 6 months max (aka soon(tm)).
-1 Reply
There has been two possible selling climaxes on this instrument. However, the price has failed to respond to them. It is still to soon to be talking about accumulation when the price is still trending down and showing confirmed signs of weakness.
for a min I actually thought this was a real chart. accumulation he said lmfao.
this is old school TA. that's how long term charts are analyzed. there is always accumulation phase, then markup, distribution and markdown. cycle repeats
oscar_ user100000
its called dow theory
lol, sorry but this is worthless pseudo analysis. this is just todamoon!
+2 Reply
We are taking a pause. You can divide history in fractions and history repeats. The period okt - dec 14 equals jan-april 15. First target is $150 and even sub 100 is in the charts. The longer the pause the harder the knock down. The direction is still very bearish. More downside to come. It is important to take history in account. Take advantage of it.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out