4xForecaster

Update: Week In Review/Forecast | #BTCUSD #Bitcoin (Bitstamp)

BITSTAMP:BTCUSD   Bitcoin / Dollar
1764 4 5
Friends,

In its overall aspect, this BTCUSD             ( Bitstamp ) chart is predominantly bearish . It earned an upgrade from "Bearish" to "Neutral" when we looked at internal strength and other complicit BTCUSD             exchanges (BTC-e and MtGox), where the underlying strength favors a bullish outlook (Here is one update we just finished in BTCUSD-Gox: https://www.tradingview.com/v/N8bJLOag/).

While this chart indicates that the underlying asset could roll at any moment, a closer look through out predictive analysis has generated mixed signals in favor of bulls. For this reason, we decided to qualify the market direction as "Neutral" for the time being, while digging into the forecasting - Here is where we started:
Predictive Analysis & Forecasting | #BTCUSD #Bitcoin
.

A structural analysis of the chart should keep bulls on the alert, as structure lows at 765 might test their sentimental tolerance. However, a cross-and-close below 725 will likely prove that bears remain the dominant players.

For bulls to win the crackling heart of our system, a break above 834 might probably be the sine qua non condition in this chart.


OVERALL:
Bears are lurking at the edge of the woods, but bulls have come out to roam in new pastures. The outlook remains too uncertain to emit one directional bias over another, hence the "Neutral" qualifier. More on this intriguing chart once a clear direction declares a sentimental penchant for the bovine or the ursine species.

Cheers,

David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
Denver, Colorado
USA


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Disclaimer from Bob Lobb Law: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from a licensed professional and enter the market at your own perils - 4xQuad, LLC.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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We don't call it "bearstamp" for nothin'.
Reply
ilya.oleynick
2 years ago
From my pint of regular bitcoin user, the life is like - I mine bitcoins, but when I need som more I go to btc-e to get BTC, because its the cheapest there// then when I need cash - I go to bitstamp and sell them for fiat and then withdraw via bank and it takes about 4 days to get them on my bank, but not the month from mtgox.. alot of users in europe and russia do just that.. not TRADERS, just users who BUY on BTC and SELL on BITSTAMP for fiat regardless all trading methods :)
Reply
4xForecaster PRO ilya.oleynick
2 years ago
Does not sound like a very liquid asset if it takes all that to move that money around.
Reply
ilya.oleynick
2 years ago
for now just how it is for the regular user ..when it will be something like ONE BTC index like something thaey have on CoinDesk.. so it wont be chipper on one exchange then on another// and I will buy and sell at BITSTAMP
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