Post: #51

(03-31-2019 11:45 PM)Graft Wrote:  

(03-31-2019 07:34 PM)Swordfish1010 Wrote:  

(03-31-2019 06:48 PM)Graft Wrote:  I think the big question with crypto is:

Will the next bull run happen before the recession?

We are overdue for a recession and crypto will certainly tank if there is one.

I think the recession will be good for bitcoin. It will force people to move investments into bitcoin to hedge against fiat related risks.

I don't know about that man.

It sounds good in theory but if things go belly up, people are going to need the cash and probably wont be speculating on cryptocurrency.

Bitcoin is not nearly established or stable enough to be a "safe haven."

Look at what's happening in South America. People using bitcoin to pay for food to survive.

Post: #52

Bitcoin pushes over 5k temporarily!
Other alt coin follows pushing almost double-digit percentages of gains over couple hours..

I am sure this will correct itself, but we are seeing new heights, I am pretty sure the bear market is over...

Post: #53

Bull run is back!

Post: #54

Yet too early to call a bull market, but the worst is behind us.

Post: #55

It was quite a dramatic jump at a key support level. Its either the beginning of a bull market or an organized insider effort... We shall see.

Post: #56

Technical analysis video on youtube of todays jump.

https://youtu.be/wDzLJrLR1AM

Post: #57

Alessio Rastani is pretty legit. I'm going to wait for davincij15 to give his insight next. He did call $4800 for March. He was off by one day.

Post: #58

https://www.youtube.com/channel/UC0zGwzu...C1BwPuWyXQ

Please do yourself a favor and check out Bob Loukas.
He has been involved with trading/investing/cycles for decades.
He is legit and actually has experience in the field unlike other "mainstream crypto" YouTubers.

His videos are just phenomenal, informative, straight to the point.
Overall, he also seems like a very respected, genuine, kind-hearted guy.

Post: #59

(04-02-2019 01:33 AM)Giacomo Casanova Wrote:  Yet too early to call a bull market, but the worst is behind us.

Yeah okay buddy. You're probably one of the $1500 TA experts.

Post: #60

FYI:

Somebody, somewhere is betting big on bitcoin.

The price of bitcoin surged above $5,000 for the first time this year after a mystery buyer placed a huge order — causing a one-day spike not seen since the peak days of the cryptocurrency’s bubble in late 2017.

The trading briefly sent the price of bitcoin to $5,078.52 early Tuesday, the highest price since November. The price settled to around $4,730 by the end of the day.

A single order worth about $100 million had been spread across multiple cryptocurrency exchanges throughout the world at the same time — evidence that the price surge came from a single buyer, Oliver von Landsberg-Sadie, CEO of cryptocurrency broker BCB Group, told Reuters.

However, it’s unclear who made the trades — or why.

“[There was a] lack of a clear catalyst or news that drove the move,” Michael Kazley, co-founder of investment firm Crescent Crypto Asset Management, told The Post.

“Feels like a classic short squeeze, where the threat of higher prices drives short sellers to buy back and close their positions,” Kazley added.

The jump comes as bitcoin has lost nearly all of its value amid government crackdowns, allegations of fraud and questions about whether investor optimism was overblown.

Even bitcoin investors Tyler and Cameron Winklevoss, who claim to have co-created Facebook, acknowledged in a CNN interview last month that investing in the digital currency has been rough.

The 23 percent increase Tuesday was the biggest one-day jump since December 2017, when bitcoin prices had neared $20,000 on some exchanges. The bounce revived the hopes of bitcoin investors after a tough 2018, when the digital currency lost more than 70 percent of its value.

Post: #61

(04-03-2019 04:44 PM)bgbusiness Wrote:  https://www.youtube.com/channel/UC0zGwzu...C1BwPuWyXQ

Please do yourself a favor and check out Bob Loukas.
He has been involved with trading/investing/cycles for decades.
He is legit and actually has experience in the field unlike other "mainstream crypto" YouTubers.

His videos are just phenomenal, informative, straight to the point.
Overall, he also seems like a very respected, genuine, kind-hearted guy.

Very good analysis. Everyone here should watch it.

Post: #62

(04-02-2019 01:33 AM)Giacomo Casanova Wrote:  Yet too early to call a bull market, but the worst is behind us.

This last week has been one of the best weeks ever since Q4 of 2017, breaking a lot of moving averages.

What is your definition of bull market?

For me, it's entering a "macro" upward trend that will last for a year or two.

Do you mind telling us how you see it differently?

I am just genuinely curious on your statement.

Post: #63

I simply wouldn't call it a bull run since Btc is still 75% down from the ATH and Eth almost 90%. Just a recovery from an oversold situation. I expect an extended period of consolidation like in 2015, the market is still not ready for another bull run as the memory of the previous cycle is still there from many investors and many people will be scared to jump again on board after considerable losses.
Halving is still not yet near the corner (more than one year left) and soon the MtGox bitcoin will be distributed - many of them getting sold instantly. This step might be the real end of bear market, with another obstacle pending from 2014, finally removed.
So, again its a nice time to DCA and accumulating.

Imho what could really change the cards on the table is the investment of some government and central bank to create reserves in Btc.

Post: #64

(04-04-2019 03:17 AM)Giacomo Casanova Wrote:  I simply wouldn't call it a bull run since Btc is still 75% down from the ATH and Eth almost 90%. Just a recovery from an oversold situation.

Fair enough on those %s.

From my point of view, the meaning of a bull market/ bull run is when prices are rising or are expected to rise.
Everything is within a time frame. Everything in life = relative.
If you look at it within the time frame of the entire history of bitcoin, sure we haven't reached the ATH again.

However, I will assume you will start putting your money in when BTC crosses over 20k? Let me know if I am missing something...If you make any gains on your investment at that stage, those are going to be speculative gains.

(04-04-2019 03:17 AM)Giacomo Casanova Wrote:  I expect an extended period of consolidation like in 2015, the market is still not ready for another bull run as the memory of the previous cycle is still there from many investors and many people will be scared to jump again on board after considerable losses.

I do see where you are coming from and agree on majority of the things that you have stated. I am not trying to make this nuance out of a proportion, but want to clarify.

If 30%+ gain from the recent bottom is not a "bull-run", I am not completely sure what it is.

With all due respect, I would highly recommend checking Bob Loukas out, he helped me gain clarity on the cycles of bitcoin and provided me a lot of information..

https://www.youtube.com/watch?v=PZvOhJYW_Hw

Post: #65

I saw an interesting interview yesterday by Ivan on Tech with Tone Vays the staunch Bitcoin maxmimalist indicating that there was a strong spike up in BTC over the past 3 days yet Tone Vays who is a math guru that teaches TA could not see any good "technical reason" for this breakout...

Then I read one of my Agora Publishing Newsletters and they have experts in everything from Stocks to Pot to Commodities to Cryptos and read:

MARKET INSIGHT: BITCOIN SPIKES
By Joe Withrow, Head of Research, Bonner & Partners
Apr 3, 2019, 12:31 PM (1 day ago)

Joe Withrow
Bitcoin is showing signs of life…

The world’s first cryptocurrency soared to an all-time high of nearly $20,000 back in December 2017. But it went on to plunge 84% from there, hitting a low of $3,195 in December 2018.

Bitcoin has chopped around between $3,200 and $4,000 ever since then… leaving many to proclaim the cryptocurrency dead.

But that just changed…

As today’s chart – which tracks the price of bitcoin from the start of 2019 through today – illustrates, bitcoin just broke out in a big way.

As you can see, bitcoin jumped 20% just this week – from $4,100 to nearly $5,000 per bitcoin. With this move, bitcoin is trading at its highest level since last November.

https://www.tradingview.com/chart/BTCUSD...rend-line/

The catalyst was an anonymous $100 million order to purchase nearly 20,000 bitcoins. According to volume data on the three exchanges that processed the order, the anonymous buyer was picking up about 7,000 bitcoins per hour for nearly three hours.

This drove the price higher and sparked a flurry of trading. At one point, six million bitcoin trades were executed in an hour… More than three times the normal volume.

Last month we noticed that blockchain wallet users exploded higher in 2018… despite Bitcoin’s plunge in price. And we suggested that was similar to what we saw unfold following the dot-com crash. Internet stocks crashed, but the adoption rate of the technology continued to grow.

As such, we suggested that the top cryptocurrencies may have a brighter future than many expect.

This week’s $100 million order… and spike in volume… is another sign that bitcoin, and the top crypto assets, are following the same pattern.

If that’s the case, expect the top cryptocurrencies to do well this year…

– Joe Withrow

###

That said tech analysis from life long experts like Tyler Jenks and Tone Vays indicates a retest of $3K all the way back down to $1K to $1250 the light blue A=C wave target in the chart above.

Therefore this massive $100 Million order was a large group (Institution or Wealthy Overseas Hedge Fund or Family Office) taking a long term position with some of their Dubai/Las Vegas Mad Money getting in near a low before the next epic BTC Bull Run sometime between this summer to next summer even though we are likely to retest technical lows indicated in the mean time.

Post: #66

Quote:Therefore this massive $100 Million order was a large group (Institution or Wealthy Overseas Hedge Fund or Family Office) taking a long term position with some of their Dubai/Las Vegas Mad Money getting in near a low before the next epic BTC Bull Run sometime between this summer to next summer even though we are likely to retest technical lows indicated in the mean time.

Well, maybe. Why wouldn't a buyer like that take it over-the-counter, or spread it out a little? Executing the trade on open exchanges in the course of a few hours cost them millions of dollars in slippage. Hard to believe anybody who just wanted cheap bitcoin would do that.

Post: #67

(04-04-2019 01:34 AM)bgbusiness Wrote:  

(04-02-2019 01:33 AM)Giacomo Casanova Wrote:  Yet too early to call a bull market, but the worst is behind us.

What is your definition of bull market?

The 50 day moving average crossing the 200 day is what most traders look at for confirmation. But we are 'officially' now in an uptrend on the weekly after making a higher high.

Post: #68

I'll keep it simple and clean.

If we can consistently stay above the EMA ribbon for 2 months -> bear market is over.

If BTC goes over 10k -> you have the world's attention.

20k is the start of the parabolic bull run which will last less than 6-7 months.

Post: #69

(04-07-2019 02:34 AM)Pinocchio Wrote:  

(04-04-2019 01:34 AM)bgbusiness Wrote:  

(04-02-2019 01:33 AM)Giacomo Casanova Wrote:  Yet too early to call a bull market, but the worst is behind us.

What is your definition of bull market?

The 50 day moving average crossing the 200 day is what most traders look at for confirmation. But we are 'officially' now in an uptrend on the weekly after making a higher high.

Exactly, I completely agree.
Next couple years is going to be amazing.