ChartArt
Short

Take Care: More Bitcoin Bear Scare

BITSTAMP:BTCUSD   Bitcoin / Dollar
Summary: Expect falling prices.

The BTC price is below the monthly S1 pivot price and the slow MACD with settings three month moving average compared to half year moving average is also starting to show a downtrend with the first red bearish bar, while the faster one month compared to two month moving average is still bearish . The 10 day vs 20 day moving averages are also bearish . Unless Monday, December 29 brings some unexpected major positive news - the downtrend is going to continue.
Nice title :)
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What's that 2EMA indicator? I can't see the full name
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ChartArt MarvinMartian
a colored EMA cross indicator:

Example of Code for Moving Average Cross - Changing Colors
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Yeah, I don't know why I confused that... what I meant, what are those R1, P, S1?
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FluidicFX PRO MarvinMartian
Those are Fibonacci pivot levels for the period, P=Pivot or 50% Fib line, R1=Resistance 1, S1=Support 1
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ChartArt FluidicFX
Yes, this is a build-in TradingView indicator with the name "Pivot Points Standard", where I changed the setting to 'Fibonacci' and 'month'.

Here is an explanation of these S1, S2, R1, R2 support and resistance levels based on Pivot Points:
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:pivot_points
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Awesome, thanks.

Hey, the 5 control panel, reset, movement etc... it disappeared from the bottom of my charts. Is there a on/off somewhere I hit?
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FluidicFX PRO MarvinMartian
You can find almost everything under your right mouse.
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Ok, I found it... the R1, S1, P now go R2, R3 as well. Did you customize yours in code or are you using the built-in?
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ChartArt MarvinMartian
I didn't customize it. I did what I explained here:

"I changed the setting to 'Fibonacci' and 'month'"
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Setting actually at DeMark?
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Chart from earlier today:

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ChartArt ChartArt
Tuesday, December 30, 2014

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The Winklevoss twins just updated their Bitcoin ETF. This news is not yet priced in. It could have some bullish impact:
http://www.reddit.com/r/Bitcoin/comments/2qx1sz/winklevoss_bitcoin_trust_files_to_sell_201/

14:03 UTC
Wednesday, December 31, 2014
Current price $313

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Maddie ChartArt
Thanks for sharing the great news! :D
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BitcoinGuru ChartArt
im goin long from here today we might have bottomed for now
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Happy New Year 2015 ! :)

We had as expected a short spike yesterday thanks to the Winklevoss Bitcoin ETF news. Peak was $321 on Bitstamp. Now it looks like the downtrend resumes. Current price: $314

00:43 UTC
Friday, January 2, 2015, week 1

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The downtrend is still there, but there is a growing chance that it might reverse if the price stays a few more days longer around $315.

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01:26 UTC
Saturday, January 3, 2015
Current price $316
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sammantic ChartArt
it's now 306 and falling!
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ChartArt sammantic
Yes. I was expecting it, that's why I was posting this "Take Care: More Bitcoin Bear Scare" chart 5 days ago.

But since the market kept on being choppy at $313-$316 there was a chance that we don't drop if the level could be held. But China cut through the choppiness with selling when they woke up to Saturday after the price hit the resistance of 1950 CNY confirming the downtrend. That happened like 2 hours after I updated my chart here.
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sammantic ChartArt
Yeah...hopefully we get much needed capitulation and panic selling to flush it....
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12:47 UTC
Saturday, January 3, 2015

The choppiness and very tight squeeze is finally over. A new direction has been found. As expected 5 days ago (hence the chart title "take care" & "bear scare") it's going down. Last low was $298.89 on Bitstamp. I expect a bounce here for a day or a week before it goes down below $298

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I expected the downtrend. But I also expected a bounce at $297. That didn't happen. New low so far $288.88

20:47 UTC
Samstag, 3. Januar 2015

Current price: $291

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We are below the monthly Fibonacci S2 and the monthly S3 pivot point is around $258

00:41 UTC
Sunday, January 4, 2015

Current price: $282. Last low: $277
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ChartArt ChartArt
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Quite the bear scare today...

Last low $255. Current price $268.

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ChartArt ChartArt
00:51 UTC
Monday, January 5, 2015
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Qiuness ChartArt
So still down a leg. 241?
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ChartArt Qiuness
I doubt it. $255 is a solid area which I anticipated. Sadly I was traveling while it crashed so hard therefore I can only publish this in hindsight:

Bitcoin at Yearly Fibonacci Support 1
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ChartArt jangseohee
I can also find much lower targets... But for the next hours it seems oversold.
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Bear Scare is getting a bit weaker and then Bitstamp got hacked to fuel the panic again...

02:31 UTC
Tuesday, January 6, 2015

Last Bitstamp price data is from yesterday. Last price before shutdown: $276.66

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15 days later! New low $225 on Bitstamp.

11:46 UTC
Tuesday, January 13, 2015, week 3

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This could get bullish next weeks.

18:17 UTC
Wednesday, February 11, 2014
Current price $222

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