BTCUSD - Head and Shoulders. 160 price target.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hard not to see the latest head and shoulders on the Bitcoin             / USD chart.

Distance from top to neckline is approx $70 which places the target at 160 which (by no coincidence to technicians) is a support level of the prior low.

Caveat / disclosure - I was long Bitcoin             a few months back out of belief in spite of the chart. I am long no longer and figured I'd get back in when goes under $100. As an electronic payment system (rather than a currency) I estimate it has an intrinsic "book" value of $38 (based on the size of the network servicing it and the dollar based transaction capacity of the Bitcoin             in circulation - ultimately the blockchain will eliminate Visa/MasterCard debit cards imo             ) so all of that may color my thinking.
Good idea mate.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out