asdgasdfasdfasdf
Short

2nd Bitcoin Bear Cycle

MTGOX:BTCUSD   Bitcoin / Dollar
347 4 1
As mainstream media coverage cools off and fewer new investors move into bitcoin , sellers (taking profits) outpace buyers in bitcoin's 2nd cyclical bear market. This type of cycle is familiar to gold             and silver             investors.
Expect bitcoin to float below its 200-day WMA for some time before beginning another bull cycle.
Appreciate the long term insight,
Reply
Does ButterflyLabs shipping ASIC mining units factor into the spot price staying below the 200D-WMA? It would follow that early pre-orders being filled means many miners will quickly sell the first few coins to cover their opportunity cost, I would be interested to hear your analysis of the how the mining market factors into the current price.
Reply
That's a very interesting consideration. Personally, I tend to think that side of the market has a much smaller effect on price than, say, a positive Wall Street Journal piece.
Might also be worthwhile to consider that many of the miners with the new ASICs are interested in holding Bitcoin for the very long term- with the understanding that it will replace the US Dollar as the world's reserve currency.
Reply
VredeO asdgasdfasdfasdf
The MACD is the most exciting metric this week, I am crossing my fingers for a break back to the positive corral.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out