ondapc
Long

BTCUSD Projected for Jan 2015 to Apr 2015

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
686 3 2
Overall bullish to the 600'ish level. Assumed a massive AB=CD pattern as the end goal of the first phase.
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:



Reply
Why didn't you make the chart in log scale?
Reply
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.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out