MtGox is cashing out
relax guys
Yea 8k BTC is not enough to explain this situation. Everyone is selling because of the last big drop to 6k USD. They are afraid of the continuation of the MtGox sell.
One thing is certain, the two lines will meet again.Either red line moving up, which would be a slow tortuous process, or orange line goes for a quick kiss and meet, or a combo of the two.
Take your pick
why do you think the growth is linear? here is a curve I have created. This curve is very primitive of course (I spent 2 min. for it) but it is very clear that the increase of the price is not linear.
by the way
r^2=0.886, which means the prediction model is 88% accurate.
Guys as always, time to support bitcoin. This is the official SEC link where you can share your idea about ETF with SEC and support bitcoin.
https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htmCNBC Reverse Bitcoin Price Indicator - pump incoming?
You can also use this website to understand the dip and the top of the price
https://alternative.me/crypto/fear-and-greed-index/1 means max. fear
100 means max. greed.
For ex. look at the 6th of February. the index point is 8. very close to max. fear (which is 1) and the BTC was at the dip. at the 7th of February the trend change.
21th of February. The index point is 74 close to max greed. the price is at the top. At the 22th of February the trend change.
For me, our failure to break away from the red long term downtrend line (so far) tells me we are still in a bear market. That’s all I need to know.
I have drawn a similar line but also there is support and some idea of a series of higher lows though the recent low broke below that trend. Also I dont know if that spike up was just noise or something bullish
I think this spike is because of Tether volatility. No timing in your chart so impossible to understand the exact time. İf this movement is because of Tether I don't think this is bullish.
On the other hand, I agree we are still in a bearish trend but the trend is squeezing, the volume diminishes nearly every day and BTC is still above at 21 monthly EMA which is a strong support since more than 4 months.
As a result, big volatility is coming and the BTC will choose a direction for short term. But even the probability of uptrend is higher than the downtrend (according to fundamental analysis), there is no way to predict the direction for short term. Of course for long term I am very very bullish.
We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.
I hope you’re all buying whilst the price is this low gentlemen!
Agree we don't need An BTC ETF. With or without ETF we are going to see 100k + USD according to nearly all prediction models and regression analysis at the next bull run bubble. They can not stop it. In addition, a global economic crisis which is near will accelerate the period.
Buy as much as you can at these prices.
Prophet Charlie Lee has spoken. New ATH will happen in 3 years. That means probably is going to happen between 2022-2023. Not before. If you are making any plans according to the future $100k price, you might wanna be quicker. The time is working against you.
To the extent that Charlie Lee's prediction matters, "within" means "less than," so I don't know where you are getting 2022-2023 from that Charlie Lee statement.
Here is the real thought of Charlie Lee about Bitcoin.
"There will be at most 21 million bitcoins in existence. There isn’t even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first."
"Once you have 1 BTC, buy all the shitcoins you want!"pic.twitter.com/bc3xKKGB0m
The fundamental of BTC is getting stronger. This is why the people who compare BTC with tulip or dotcom bubble are wrong.
By the way, there is a big divergence between the price chart and the transaction chart. The technical analysis of BTC diverge with the fundamental analysis (in favor of bulls) at the moment which is a sign of oversold
İt is not a problem for them!!!. They only need more money printing press to print more dollar to pay their debt. They think they are the central bank of the world. We are going to see in the near future if they are or not.
