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"
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"
Yolos
2 years ago
Very interesting. I had almost the same exact bounce range: 285-317 was what I came up with by simply comparing this downward impulse to the last one, from 470 to 380. If there are big margin calls (which I am expecting sub 340) then it may change this dynamic somewhat.
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ChartArt
2 years ago
Here are screenshots with current prices based on all my last bearish charts which I linked in "related ideas":
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ChartArt ChartArt
2 years ago
63 days ago -- The real reason Bitcoin is doomed in Summer 2014

The real reason Bitcoin is doomed in Summer 2014



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timwest PRO ChartArt
2 years ago
Try taking those trades with those wide stops... not possible... In the pink box too there is a losing trade (hard to see) where you stopped out of the long and maybe went short and stopped out of the short too (hard to tell = Major ouch) Then you stop out of the short in October 2013 at 180-ish after being short from 60 or so (a loss of 200%, short from 60, cover at 180) and then go long at 180'ish with a stop at 50-ish (ouch)...... It looks nice in hindsight on this chart but it is BRUTAL in reality....
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ChartArt timwest
2 years ago
Those boxes weren't showing precise entry and exit points, but based on the StochRSI areas where a trader should have considered buying or selling.
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timwest PRO ChartArt
2 years ago
I'm looking at the little blue "+" signs... I wasn't referring to your boxes.
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ChartArt timwest
2 years ago
That is the SAR indicator with the default setting as provided by TradingView. The SAR is always a lagging indicator. Someone has already done long-term backtesting based on BTC price data with the SAR indicator and his results showed that the SAR is not useful if you would use it with a bot as only indicator.
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timwest PRO ChartArt
2 years ago
Thanks. I'd be very curious to see the exact trades suggested by those crossovers on stochastics. The boxes highlight the extremes or best case scenarios, but not the crosses.
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ChartArt ChartArt
2 years ago
52 days ago -- A new Bitcoin bull market or the beginning of the end

A new Bitcoin bull market - or the beginning of the end



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ChartArt ChartArt
2 years ago
27 days ago -- The easiest way to decide to buy or sell Bitcoin

The easiest way to decide to buy or sell Bitcoin



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ChartArt ChartArt
2 years ago
30 days ago -- Bitcoin price doom analysis: Why Bitcoin might crash to $333

Bitcoin price doom analysis - Why Bitcoin might crash to $333



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ChartArt ChartArt
2 years ago
15 days ago -- The Bitcoin Economy Is Collapsing With No Sign of Recovery

The Bitcoin Economy Is Collapsing With No Sign of Recovery



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ChartArt ChartArt
2 years ago
14 days ago -- xxx

Strong Fibonacci support for Bitcoin at $85-$110 and $300-$320



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ChartArt ChartArt
2 years ago
The title of that chart is:

"Strong Fibonacci support for Bitcoin at $85-$110 and $300-$320"
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ChartArt ChartArt
2 years ago
12 days ago -- Bitcoin Price Analysis: Bubbles of the Past and Future

Bitcoin Price Analysis - Bubbles of the Past and Future



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FluidicFX PRO
2 years ago
The correlations in that downwards Gann fan are most depressing.
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FluidicFX PRO FluidicFX
2 years ago
Make that from an investor/owner point of view.
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ChartArt FluidicFX
2 years ago
Yes. Sadly my old chart doesn't lie:


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

BTC Future Outlook To Summer 2015 (Spiral, Fibonacci, Pitchfan)



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

It wasn't a forecast. You are right. My wording is wrong.
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timwest PRO ChartArt
2 years ago
I don't like "unclear" comments on "unclear charts"
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MarvinMartian
2 years ago
We pierced April 10th, 2014 support. What now?
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ChartArt
2 years ago
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.

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