ChartArt
Long

Best time to buy Bitcoin is February 2015. New rally in March!

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
This is the dawn of a new Bitcoin beginning. I hear the bears' margin calls of tomorrow calling. Don't believe me? Just watch!

The Bitcoin price is very low, but stabilizing and ready for a big uptrend starting above 1600 CNY             . This major new rally begins in late February / early March 2015, when we finally break out of the long-term downtrend. Big green lines are yearly trend S1 / pivot prices.

Price climbing today means price will be stable tomorrow. That means your average lagging indicator will start to show an uptrend in two days. Which in turn means people are going to buy a lot in three days. This will mean we will break the triangle to the upside. Finally this means we will break out of the one year downtrend and therefore we will see a very big rally in March.

And also check out my recent Bitcoin price technical analysis from January 2015 with more green moon rockets from the bottom.

// Chart posted on February 19, 2015 around 3pm UTC, while the price was 1473 CNY             (around 236 USD)
Update: Wednesday, February 25, 2015

The trend is still strong. I expect a breakout at least beyond 1550 CNY - 1600 CNY until the end of this week.

snapshot
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Your triangle has a lot of room for more downside. 256 will see a retrace to around 240. Then we may see direction. Back above 260 from 240 & the Bulls can get excited.
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We could consider also that trenline has been already broken and we are sliding above (break-out on 12th Nov rally)
snapshot
+2 Reply
Publish one bearish and one bullish chart and I bet one will be spot on.

Also, $50 is not major new rally, we had it few days ago and even bigger weeks ago... You look a bit too confined after bears didn't dump more yesterday.
-1 Reply
ChartArt frisby
I look at all time-frames, from monthly over weekly to days and hours and we are here at the start of a big uptrend. Just because most people can't see it in their technical analysis doesn't mean it won't happen. They will simply be surprised.

Price climbing today means price will be stable tomorrow. That means lagging indicator will start to show an uptrend in two days. Which in turn means people are going to buy a lot in three days. This will mean we will break the triangle to the upside. Finally this means we will break out of the one year downtrend and therefore we will see a very big rally in March.
+1 Reply
This.
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Or..... The price climbing today, means the price will be stable tomorrow. And the lagging indicators will show bullish, and people will buy more in 3 days, perfectly timed to squezze them during the low volume weekend, and 100%retrace back to 230.
(It can't crash if it doesn't climb)
(I can't sell if people won't buy)
(I can't profit if people don't bet)
... Right now *COULD* be nothing more than shaping the structure, to encourage betting..and pausing long enough to allow the bets to add up without changing future outcome(downtrend)
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frisby ChartArt
I agree with a breakup, but it won't happen so soon, this auction set as again in waiting room and more time for some dumping...
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I have been saying this for a month to anyone that will listen. The bears are slowly getting the picture: the only way to make money in BTC now is by going up.
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ChartArt rivet.popper
Yes, the price doesn't seem to go down anymore as usually, there are now always buyers in this $200 region. Here are my last bearish forecasts, both did not play out (whereas all my last bull forecasts did play out):

bear 1
Better call Saul!

bear 2
Back to chop
+1 Reply
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