Quote from: dmwardjr on November 14, 2017, 06:29:28 AM

Quote from: DieJohnny on November 14, 2017, 06:14:22 AM

Quote from: Denker on November 13, 2017, 08:56:28 AM

Quote from: BldSwtTrs on November 13, 2017, 07:07:18 AM

Quote from: RoadTrain on November 13, 2017, 03:01:43 AM

Quote from: ragnar0k on November 13, 2017, 01:34:53 AM

He made a new post that even with google translate I can't understand.
Seems like he is not using very kind words for the BCH guys

He says that the BCH attack is impressive. But it doesn't change anything, because changing constants is not the solution.

He also says we are going to slowly trend towards weekly ma20.

Weekly MA20 is around 4 500$. So that means he is bearish short term?

Well if the price moves down, the moving average will still move a bit as it's a lagging indicator.
So price and MA20 in the weekly chart could probably meet around the $4750 - $5000 area.
As the $5000 level should be tested anyway I see this as a good sign to build a good support in that zone.
So imo we could see 2-3 more weeks of downside. If we consolidate then or see a strong bounce like the other 4 times before this year needs to be seen.

We are still parabolic, I don't understand the pessimism until we break below $5000. $5500 was a perfect bounce off the parabolic curve. We could still be at $10k by Jan 1 2018. I am not thinking downturn in the market for more than 5-9 days unless we go below $5k, then I am bearish for Bitcoin near term.

It's still very possible to make it above $10k by new year "while" breaking $5k beforehand, don't you think?

My chart says $5k is below the parabolic growth curve at this point. While the price has dipped below that parabola shortly in the past two years I am not sure we will see a correction like that at this point. All other dips have been driven by negative news events or attacks whether it be the first Bitcoin cash attack, the chinese ban or the last BCH attack. So we have to have something else push the price lower.

I almost feel like these events have all been created to shake out people and take their coins as they are forced to buy back later at a higher price. Could we see one more forced shakeout, maybe. What would that shakeout be? Hasn't all Bitcoin Fudsters blown their load already? I just don't see anything that is an obvious attack vector that hasn't been tried already.

I guess that is the definition of a black swan, but what could a black swan be for the next shakeout? Huh

If there is no shakeout event, then no we don't go to $5k, if there is a shakeout event I still think we barely break below $5500 before surging up and away.