A Classical Tale Of "Told You So"? | $BTC #Bitcoin #Litecoin
Friends,
This past December 2013, we forecast the following targets:
1 - 15 DEC 2013
BTCUSD (MtGox): TG-1 = 270.61 at a time when price was about $954.00 - See chart and replay the price action by clicking several times over the right arrow in the chart:
-
2 - 13 DEC 2013:
BTCGBP (MtGox): TG-1 = 170.89 at a time when price was about $561.00 - Here too, see chart and replay the price action by clicking several times over the right arrow in the chart:
-
In fact, while the bitcoin market gained resiliency, our system offered alternative bullish targets, but only TWO were ever reached dead on:
1 - $989.27
and
2 - 1028.75
In fact, in that same chart we had already defined a "Potential Conversion Line", which if crossed, would cause price to collapse and convert that intermediate bullish market into a bearish market. What ensued was exactly just that: price crossed, reached towards our first bearish target at 797.02, and never looked back.
In fact, price kept on going and going all the way to a consolidation ... where to? Well, exactly right at the December 15th bearish-most target at 270.61.
Feel free to replay once more and reminisce:
-
BTCUSD - Bitstamp:
Looking at the other exchange, and once we decided that the market had turned, we shared with traders our bearish directional bias. While most of the bitcoin traders with whom we shared these charts remain quite dubious as to our methodology and rationale, we were only able to convince them of the accuracy of our forecast, but not of the continued bearish strength which would bring price to ever abysmal levels.
Here for instance, on February 10th 2014, we gave our first bearish target, "TG-1 = 449.89", which got hit before price rallied in relief:
-
In this subsequent chart, we also offered a lower target on February 22nd, as "TG-Low = 385.95 - 2 FEB 2015":
-
Replaying this last link above shows a sustained relief rally into a newly defined "cloud" or pink-colored zone we had defined and explained as a trading strategy we had developed in the years of trading, called "EAGLE".
(Conclusion made in comment area following chart)
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & forecasting
-----------------------------------------------------
Follow our forecasts, signals and analyses on Twitter
Alias: @4xForecaster
-----------------------------------------------------
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
This past December 2013, we forecast the following targets:
1 - 15 DEC 2013
BTCUSD (MtGox): TG-1 = 270.61 at a time when price was about $954.00 - See chart and replay the price action by clicking several times over the right arrow in the chart:
-
2 - 13 DEC 2013:
BTCGBP (MtGox): TG-1 = 170.89 at a time when price was about $561.00 - Here too, see chart and replay the price action by clicking several times over the right arrow in the chart:
-
In fact, while the bitcoin market gained resiliency, our system offered alternative bullish targets, but only TWO were ever reached dead on:
1 - $989.27
and
2 - 1028.75
In fact, in that same chart we had already defined a "Potential Conversion Line", which if crossed, would cause price to collapse and convert that intermediate bullish market into a bearish market. What ensued was exactly just that: price crossed, reached towards our first bearish target at 797.02, and never looked back.
In fact, price kept on going and going all the way to a consolidation ... where to? Well, exactly right at the December 15th bearish-most target at 270.61.
Feel free to replay once more and reminisce:
-
BTCUSD - Bitstamp:
Looking at the other exchange, and once we decided that the market had turned, we shared with traders our bearish directional bias. While most of the bitcoin traders with whom we shared these charts remain quite dubious as to our methodology and rationale, we were only able to convince them of the accuracy of our forecast, but not of the continued bearish strength which would bring price to ever abysmal levels.
Here for instance, on February 10th 2014, we gave our first bearish target, "TG-1 = 449.89", which got hit before price rallied in relief:
-
In this subsequent chart, we also offered a lower target on February 22nd, as "TG-Low = 385.95 - 2 FEB 2015":
-
Replaying this last link above shows a sustained relief rally into a newly defined "cloud" or pink-colored zone we had defined and explained as a trading strategy we had developed in the years of trading, called "EAGLE".
(Conclusion made in comment area following chart)
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & forecasting
-----------------------------------------------------
Follow our forecasts, signals and analyses on Twitter
Alias: @4xForecaster
-----------------------------------------------------
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster