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

BITSTAMP:BTCUSD   Bitcoin / U.S. 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.

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

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

timwest 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?
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.
timwest ChartArt
To quote you "This isn't a forecast, it's more of a study".....
ChartArt timwest
ok, ok

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