Quote from: zokora on October 04, 2017, 02:45:28 PM

Quote from: BillyBobZorton on October 04, 2017, 02:21:46 PM

Quote from: zokora on October 03, 2017, 07:40:16 PM

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

The chart still indicates we are on a clear bulltrend and we are not out of this bull trend. You may be making the mistake of using linear charts, and to chart bitcoin and apply technical analysis you must use logarithmic chart. Everyone uses logarithmic chart to take decisions, so you may be calling a bubble for a long time now if you were looking at the linear charts. Keep holding and we will see an all time high soon.

this chart is logarithmic and shows that bull trend end is near.

Yes I do hold, but also holding myself to increase bitcoin share in my portfolio

I suggest you the same.

I do not call bubble for a long time, but 5000 was my target since the beginning of the year. Now it seems that bitcoin can not get over 5000 target easily. I will watch on

Even if it's logarithmic, I don't see a clear indication of the channel being broken and returning to the main channel. What tells you that' Because we are still sitting above $4200 which is a pretty good place to be, so I don't discard the current bullish channel is over, we are still there and I wouldn't discard a pop to $5000 pretty soon at all.