ChartArt
Short

Bitcoin price doom analysis: Why Bitcoin might crash to $85-$110

BITSTAMP:BTCUSD   Bitcoin / Dollar
BTC             could go as low as $250 and even $85-$110 is possible. Here is why:

My original chart which I made one month ago had the title: "Bitcoin price doom analysis - Why Bitcoin             might crash to $333"

Sadly BTC             is falling even faster than anticipated. BTC             is now below a two year moving average price ( EMA 720 - the red line) which was at $369! Therefore I'm lowering my most bearish target price from $333 to $100. Everything is possible now. But I hope that BTC             bounces at $285-$320

P.S. When I published the chart the price was still higher and I originally wrote: "BTC could go as low as $300-$320"
12:09 UTC
Tuesday, November 18, 2014
Current price $374

Bitcoin is below the 1 year exponential average price and barely above the 2 year exponential average price and still inside this downtrend channel.

snapshot
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We pierced April 10th, 2014 support. What now?
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The correlations in that downwards Gann fan are most depressing.
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FluidicFX PRO FluidicFX
Make that from an investor/owner point of view.
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ChartArt FluidicFX
Yes. Sadly my old chart doesn't lie:


3 months ago -- BTC Future Outlook To Summer 2015 (Spiral, Fibonacci, Pitchfan)




snapshot
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timwest PRO ChartArt
The 3 month ago chart said nothing and wasn't a forecast - so I'm not sure why you would quote it as a forecast?
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ChartArt timwest
You can see in my 3 month old chart that BTC is back in a large downtrend channel since August. This dark blue area. As long as we stay in that area I expect the BTC price to keep on falling.
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timwest PRO ChartArt
To quote you "This isn't a forecast, it's more of a study".....
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ChartArt timwest
ok, ok

It wasn't a forecast. You are right. My wording is wrong.
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timwest PRO ChartArt
I don't like "unclear" comments on "unclear charts"
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