ChartArt

This could be the end of Bitcoin's 2014 downtrend! Part III

BITSTAMP:BTCUSD   Bitcoin / Dollar
Very very high risk, but it could turn out that this was the lowest price area after the second rally peak at 453.92, therefore I publish this chart to be able to claim that I forecasted this bottom area :)

Part I (https://www.tradingview.com/v/skfrVrQ2/)

Risk is 90% and chance is 10% that this here at currently $355 is the bottom based on current chart data.

Especially look at my chart "Bullish Bitcoin Pattern Seeks Confirmation"
Bullish Bitcoin Pattern Seeks Confirmation
ChartArt
2 years ago
15:05 UTC
Thursday, November 27, 2014, week 48
Current price: $372

Since my initial analysis from 5 days ago that the "risk is 90% and chance is 10% that this here at currently $355 is the bottom based on current chart data" the price increased 11% from $355 to $395 where it peaked and is currently in either a pullback or a correction at around $363-$370 (https://www.tradingview.com/v/0o8IBDDc/).

Interestingly the market is in a new Fibonacci time zone right now since November 25.

snapshot
+1 Reply
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