ondapc
Long

BTCUSD Projected for Jan 2015 to Apr 2015

BITSTAMP:BTCUSD   Bitcoin / Dollar
681 3 2
Overall bullish to the 600'ish level. Assumed a massive AB=CD pattern as the end goal of the first phase.
Patladj.
2 years ago
warn: This thing's gonna sink to the bottom. It looks very suspeciously like Gold/USD at Apr-2013. Unlike Gold, the difference with BTC is that it may never recover after that. The fundaments points to rising dollar now. Dollar's going to explode at any moment, and this thing here -> is gonna sink to the bottom. I've got this feeling and feel obligated to warn you, believers. There's no fundamental reason for BTC to rise now. Really there's no fundament. Investors are totally shifted / zombified towards QEs of central banks, rising and falling stocks. There is a big interest in stock and bond markets now as it is on the verge of something, and newly printed money has been pouring there for years now. There are alot of expectations for profit there now and a save move "out" of these markets would only make dollar benefit.
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Maddie
2 years ago
Why didn't you make the chart in log scale?
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ChartArt
2 years ago
It seems you simply added the Gann fan to some random point in the past. It looks good enough, but of you pick key pivot points the entire chart changes. Here are two examples:

snapshot


snapshot
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