Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.
Unless, of course, we never see $800 again
That's very possible too but I think its likely to happen. What's your take?
This just feels so much like 2013. Back then, "there had been an ATH of $266 which had hung around for a while, until the bull run which eventually broke through it and took us to the current ATH of $1175. That was a rise in the ATH of 442%. If the current ATH were to break through this time, and rise by the same percentage, that would lead to a new ATH of $5194" [pasted from my post a few days ago].
On the other hand (even though I don't really think TA works too well with btc), we could be seeing a classic cup and handle pattern forming between Nov.2013 and now: http://www.investopedia.com/terms/c/cupandhandle.asp In which case, we could expect to see the price go up to c.$1175, then drop to between 30% and 50% of that ($587 to $820 ) as traders begin to doubt whether the ATH will be broken. Then a bounce back to beyond $1175.
In other words, I think it'll reach $1175, then it could go up or down
What is the real ath, technically and psychologically? I guess Gox ath is the ultimate test, since coins did change hands at that price.
Someone told me the ATH was gox at $1226 usd? Or at least what I used on my thread title on here
Why I want the BTC ATH of $1226 of mt.gox breached and become the floor.
(end of plug)
https://bitcointalk.org/index.php?topic=1736307.msg17371578#msg17371578
perhaps I have to change it again? But I really,really want BTC to sail past the ATH for a floor above that. Want that whole 2013 argument to go away
from use by the FUD'sters in the future.
pet peeve indeed!
But to stay on topic here...that IS the ATH we want to beat right? (been getting other amounts on google)