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UnknownUnicorn34873
Sep 14, 2014 2:50 PM

possibru :)  Long

Bitcoin / U.S. dollarBitstamp

Description

daily mfi .. whenver it went below 20 . and came back up.. seemed to be a good buying spot over last 2 years.
cmf : seems drawing some trend lines on it.. give a good indication. .. look at blue things.. once that trendline is broken.. it looks iinteresting for bullish case.
rsi: kinda hava a reverse h&s going on .. not sure what it means.. but also here trendlines work often.. and we are just breaking out up on rsi.. which again indicates bullish :) ..

Comments
AndrewGrennan
Hi moonwonkey, I want that volume bar on the right side so bad! I've been trying to get it from everybody's charts, but every time I load one up, the indicator has an error, it's label is in red writing, and it does not show up. If you have some time, could you help a guy get that indicator? Is there another means?
UnknownUnicorn34873
wait a bit.. and refresh webpage if it ceeps giving errors.. -> contact support
AndrewGrennan
I meant order book. I guess I'll have to contact support. I hope it's not a feature of the higher pro version or something. We'll see. Thanks.
TheReasen
Seems the new bubble start ?
UnknownUnicorn34873
lets just see if we can get to 730 :) then a big retrace.. and if we can then break 800.. then i'd call it bubbly times .. we can still go fullon bear if we bounce down on 730 ish down .. but i hope not ofcourse. i'm realy tired of this bear trend
Patladj.
My prediction for bitcoin is very bearish. It's been such since new year, and yet confirmed. There are nobody big enough to buy more coins and rise the price, there are only buyers on dips, but they expect big rise and then sell when they do dissapoint to see no big rises come. This is going to be the situation for now. Now dollar will rise. This has been my prediction from new year, and yet it comes out correct. It's based on google trends special keywords watch. The fear of dollar collapsing has gone, and for now the FED won the race against monetary stimulus sceptics. And this will not change quite soon. Yes, there will be a second round of fiat money disappointment, but it may not come for years. My prediction for the Bitcoin price immediate price moves is the following:
Still some lingering downward movement, with some dips buying, but when the dip buyers get tired to see that the price does not move up, they will not buy anymore, and there will be a big slide with no supporting from dip buyers, or at least very little, combined with panic selling by the oldest BTC owners. This may drive the price down to $10-$30 for a very short moment, then it will recover and stabilize between $80 and $100. I would not buy bitcoins even when the price drops so dramatically, because I do not think bitcoin will ever rise again this heights as it was last year. It may be replaced by another crypto or god knows what. I would buy silver as it will drop even more now, as the dollar will rise against everything -> silver will also drop even more. Silver will recover after that for sure and will be heavily undervalued in this moment. It may drop down to $10. I would buy silver on this price. I am expecting this final drop and buy some silver. I'd suggest you look more the fundamentals, not only tech. analysis. Also play a little bit with google trends. Put your money on the right place, act rationally, not emotionally.
UnknownUnicorn34873
lol nice try i must admit ;)
Patladj.
It is not a try to do anything. It's just my view as this is a tradingview :)
Ofcourse I'd like it to be correct, as anyone else wants his/her view to be the correct one :)
Time will show.
ChartArt
Money Flow Index (MFI) is bearish:

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