Bitcoin: A Longterm Outlook

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It might take a couple years before another rally.

The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230.

The 800-900 target is derived from meassuring the distance at the widest place within the triangle, and projecting that same distance (150%) from the (expected) breakout point upwards.

Comment: This forecast is rendered invalid if the red trend line is broken prematurely (e.g. the next couple months) So don't hold to your shorts after (both) red trend lines break.
perfect job
Very impressive!
Very well, that only the first target in 2016
the 2016 forecast is complete nonsense -
after the blocksize solution and the blockhalving event the incentives for prices over 1000 are very strong, especially in a situation where the pos/neg news ratio flips completely to pos
it's about to break both trendlines. any updates?
It's not even close to breaking the first line :D
BitcoinGuru MagnusTradingGroup
looks like some blood incoming im expecting a steep mega bear trap down to 275-280 (could stop at 300) then back up to 400s
+2 Reply
BitcoinGuru BitcoinGuru
$275 target in progress - using time node analysis.

You know I like so much your chart, in fact your chart matches with my OKCoin chart. ;)
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