Quote from: Sammal on June 16, 2015, 04:01:08 PM

Quote from: RyanPumper on June 15, 2015, 11:21:04 PM

You're right on the mark there, Bitcoin has been moving sideways since April.

I like the fact that you're now looking the chart for what it is, instead of using it as some sort of indication of future events.

Everything you mentioned is exactly what is on the chart: Each time the price has plunged the range of prices between pre-dump / post-dump has constricted, suggesting the amount of interest at lower price points is waning.

Just like with the alts, once there is no sellers interested in parting with their coins at lower price ranges, more and more people begin to hold. Which means the only way for traders to buy in is via the sell side orders, which sends the price upward if trading volume is sufficient enough.

So in answer to your question, if the volume picks up we could see some good movement in the BTC/FIAT side of things

Super-subbing after this Cheesy

Btc just moved upto $250 from $230 last week. +1 you guys
I got some friends into btc shortly after seeing this analysis and they are already gaining interest on their stash, I literally have my phone going nuts with texts and phone calls lol
i feel like somewhat of a legend after this Cheesy

How long do you guys see this lasting. I saw you mentioned this is accumulation?

it depends on if we move into an overall bear or bull trend in the market. right now we're still in the bear market so the little blip of excitement might end at 250 or 350, there's no way to say.

personally, I think that it's gonna take a lot longer than "people" think to restart an uptrend. we still have only seen lows of 150 from 1300 which is an 88.5% decrease when we have seen 95% before.

Anyway, Ryan, looking forward I've been doing heavy accumulation of Burst, Hyper, DGB, and EXCL based on your recommendations.

EXCL seems poised to have an explosion of epic proportions, for real. I am talking 300sat - 55k sat. There's only 11.5m coins and it's trading at 300sat. teehee we're in for the big one with this guy.