Short-term buying opportunity above 460 US Dollar

Bitcoin / U.S. dollarBitstamp

Description

⋅ Sep 17, 2014 8:35 AM

$456 on Bitstamp could be the low for the day or week. It was $453 on BTC-E and $462 on Bitfinex so far.

UPDATE: While the USD market had already been stabilizing, China wasn't happy and started dumping bitcoins which caused the USD market to follow and break the very fragile bottom we had established when I published this chart. I was thinking about making another chart about the incoming extended crash based on the CNY trend before it happened with USD a few hours ago, but dismissed it because it's obvious based on the tight stop loss shown here.

Here is how my last forecasts turned out:

-- 25 days ago -- Short-term selling opportunity below 500 US Dollar
tradingview.com/v/zbxAnWvZ/

-- 12 days ago -- Short-term selling opportunity below 485 US Dollar
tradingview.com/v/CJvSsuZd/

-- 8 days ago -- Short-term buying opportunity above 465 US Dollar
tradingview.com/v/nol27cKH/

-- 2 days ago -- Short-term selling opportunity below 483 US Dollar
tradingview.com/v/wZbLzE1D/

Comments

FluidicFX

⋅ Sep 17, 2014 5:55 PM

Congrats on calling the fall! :)

ChartArt

⋅ Sep 17, 2014 7:05 PM

Actually I was thinking about making another chart about that before it happened a few hours ago, but dismissed it because it's obvious based on the stop loss shown here.

ChartArt

⋅ Sep 17, 2014 7:09 PM

You could say I called the fall for example here:

tradingview.com/v/HpzyRUJI/

or here

tradingview.com/v/7mPxsnSP/

or much earlier here

tradingview.com/v/wRFOPTbL/

BTC_Daily.Pips

⋅ Sep 17, 2014 11:07 AM

Indeed, agree with the tight stop loss, but can't see BTC reaching 480 again soon, before going deeper, this week BTC has gone to a dangerous zone...

ChartArt

⋅ Sep 17, 2014 11:28 AM

Danger! Danger! High Voltage! When We Touch ... ;-)