The fall will be inevitable.

BTCE:BTCUSD   Bitcoin / Dollar
398 7 8
Bitcoin is a new phase began in the chart.
Now, we are at the beginning of this
This step. 2 or 3 months and will continue until the end of 2014.

Expected 40% drop in the price of value there. And the price would be 330 $.
I am inclined to agree with your assessment.
ZarNegar JimFred
This index. One of the best methods for chart analysis.

BTCUSD has entered a new cycle of time. And the cycle will continue at least until December.
And the cycle would be reduced.
+1 Reply
nah. bet 8btc against you, went up.
+1 Reply
I also agree with your time frame. I believe we are in an elliot wave 4 which will (perhaps) meander it's way down to the low 300s ~ early December. Then a bull run wave 5 would ensue of course, making 2015 another great year for btc bulls. I am curious - you said "this index"... What index are you referring to?
My curiosity is fueled by the fact that using this index you have forecasted the same approximate time and price as I have {low ~ 320 ~12/8/2014) ... (By the way, smellymoo, I think we are trading different time frames. You could be correct also, if you are trading shorter time bars, as it appears you likely are.)
ZarNegar JimFred
It is exactly.
We're in the wave 4 and wave the next few months will be complete.
I mean the index. The EMA indicator was
I believe the important news from the economy of the United States in September.
And the news is depressing effect on gold and currencies.
I'm trading in gold. And I expect gold to fall to 1155 levels.
Also on BTC. Down to 250$ is not surprising.
Also, I think. 2015 will be a bullish year.
An update of this chart would be awesome, now that the target was hit :)
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