The Litepresence Report on Cryptocurrency

[presence]

The June 21, 2015 Green Dragon began at $240 and peaked less than 30 days later on July 11th at $310 for a 30% gain.

 

[kpitcher]

BTC is up 10% in the past week. Minor bump with the hype of winkelvoss twins Gemini coming online or has wall street finally gotten into the game?

 

[muh_roads]

BTC is up 10% in the past week. Minor bump with the hype of winkelvoss twins Gemini coming online or has wall street finally gotten into the game?

http://shitco.in/2015/10/19/china-unbans-bitcoin/

Whatever restrictions were placed on buying bitcoin in early 2014 by China might be getting reversed.

 

[presence]

12h sma 2>30>60>90>150; 30, 60, 90 all positive slope;

GREEN DRAGON.

All exchanges BTCUSD and BTCCNY

Day 2

 

[Crashland]

BTC is up about 30% since last month's low, quite the run. Would be pretty significant if it breaks $315

 

[RonPaulIsGreat]

So moon, much rich. Nom, Nom, Nom. Rocket launched. 10000 here we come!

 

[presence]

shown 12h sma 2 30 60 and 150

red btce ltcusd
green okcoin ltccny

a considerable disparity in valuation has opened in the past week

whether or not 12h sma 30 and 60 consolidate and cross bull (chinese rally) or bear (usd moving to btc market) here at 150 will determine fate for the next month

 

[fatjohn]

shown 12h sma 2 30 60 and 150

red btce ltcusd
green okcoin ltccny

a considerable disparity in valuation has opened in the past week

whether or not 12h sma 30 and 60 consolidate and cross bull (chinese rally) or bear (usd moving to btc market) here at 150 will determine fate for the next month

Thats true for BTC as well. btc-e + $20 = Bitfinex Bitstamp + $10 = Huobi Okcoin btcchina

 

[PaulConventionWV]

This uptrend is insane. We've been climbing up steadily for over 42 days and still no sign of even a pullback. I think it's about time. As long as it stays above $250, though, this seems like a pretty bullish market.

 

[RonPaulIsGreat]

This uptrend is insane. We've been climbing up steadily for over 42 days and still no sign of even a pullback. I think it's about time. As long as it stays above $250, though, this seems like a pretty bullish market.

Already explained it. It's because commodity prices are way down, and it's cheaper to build and fuel moon rockets. Sheesh getting tired of explaining this over and over.

 

[chowdan]

Already explained it. It's because commodity prices are way down, and it's cheaper to build and fuel moon rockets. Sheesh getting tired of explaining this over and over.

Maybe you should stop explaining it? The poster was not asking for an explanation...

 

[fatjohn]

So you don't expect a new low (below 2120 on Huobi)?

I would expect the price to bottom between 375 and 100 on MtGox, based on other months long downtrends of the 2011 and april 2013 bubbles.

Ok, after this fairly inaccurate but still fairly correct call for new lows that I made at new years 2014 (BTC@800). I'm gonna try and make a more accurate one for the coming two years.

This year prices are going to be surprisingly stable for the entire year staying in the down trend and thus likely not make new highs for the year and move to a double bottom towards the end of the year (around november). Before the year is over prices will break the downtrend and perhaps move all the way to the 350 area over new years from then a new drawback will come but in general prices will keep a slow uptrend until 450. This is about where the real new bull will start which will take us at least over 5000 by april 2017.

Personally I am pretty much in right now and play the long term. I'm not going into cash because I have a hunch that we could go 35% lower in the coming months. In the long term I see 2000% upside so I am long already.

I am just quoting my previous predictions (first at the year change of 2013/2014, then start of june '15) here and make some adjustments.

I believe this is it. The double bottom I foresaw last june happened faster than expected and happened end august/september. I do not see a significant long term pull back happen after we reached 350. Perhaps a short term pull back to 310 but will not last longer than mere days. A large wave is coming faster than I anticipated (although I think I must've made a typo and meant april 2016 above) I think we will see over 4000 by February.

Hold on, folks!

 

[RonPaulIsGreat]

Maybe you should stop explaining it? The poster was not asking for an explanation...

U iz wise.

 

[chowdan]

I am just quoting my previous predictions (first at the year change of 2013/2014, then start of june '15) here and make some adjustments.

I believe this is it. The double bottom I foresaw last june happened faster than expected and happened end august/september. I do not see a significant long term pull back happen after we reached 350. Perhaps a short term pull back to 310 but will not last longer than mere days. A large wave is coming faster than I anticipated (although I think I must've made a typo and meant april 2016 above) I think we will see over 4000 by February.

Hold on, folks!

I have been a long time hidden lurker on this thread. I do find it interesting to see how we can correlate some things to others and attribute others to some things.

I'm not saying your wrong, and i am completely bullish as well. I am curious to hear your opinion on why we expect to see 350, or even 4k? What is the dynamic that will cause the price to blow up and hit the moon? Is it because we are encountering a halving? Or are we setup for some other type of financial movement from fiat to BTC?

I guess the other question is, what is causing the demand in price right now?

 

[stuntman stoll]

I have been a long time hidden lurker on this thread. I do find it interesting to see how we can correlate some things to others and attribute others to some things.

I'm not saying your wrong, and i am completely bullish as well. I am curious to hear your opinion on why we expect to see 350, or even 4k? What is the dynamic that will cause the price to blow up and hit the moon? Is it because we are encountering a halving? Or are we setup for some other type of financial movement from fiat to BTC?

I guess the other question is, what is causing the demand in price right now?

No one has the slightest clue how much bitcoin is worth. I'm bullish being that I see it as the perfect currency. However, the value is completely subjective and is determined by how may people use is as a money now, and by speculators speculating how many people will be using it as money in the future. Also, no one has a clue how many people will be using it as money in the future. It relies on the network effect, so it may never catch on with the general public if it doesn't reach a tipping point. If it does hit a tipping point, its use will spread like wildfire.
So I think bitcoin is worth either about $100 each or $50,000 each; I'm just not sure which one

 

[presence]

6h scale...

ltcbtc deeply depressed
ltcusd in very tight consolidation

huobi just peaked 2014 btccny; that's like $320

if ltccny holds over 20.20 for about 36 more hours we have a ltccny green dragon

the usd chart has negative slope on 12h ma30; it needs to hold over 3.04

This is a very pivotal ltc consolidation. it will break soon and hard. The cny markets say we're breaking bull. USD markets are more bearish.

 

[Crashland]

China has just been going bonkers this month, always leading the rallies. US markets are just along for the ride lol

 

[fatjohn]

I have a request for the forum members. Does anyone know of a service that will send warning emails if bitcoin reaches certain price points?

@chowdan I am very busy, will reply more extensive later. But the main reasoning behind it are. 1) depressed price, 2) good news out of china and EU 3) increased news coverage 4) most importantly, the price action and my belief that whales are using these earlier points to paint the graphs into a new wave. This early weeks look very similar to the early weeks of the april 2013 bubble.

 

[presence]

I have a request for the forum members. Does anyone know of a service that will send warning emails if bitcoin reaches certain price points?

You can do this with tradewave with a basic subscription. You can also get emails for indicator crosses as well.

 

[kfarnan]

You can do this with tradewave with a basic subscription. You can also get emails for indicator crosses as well.

Coinsetter will send alerts to any device. Although, not sure how reliable.