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 $.
Comments
smellymoo
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nah. bet 8btc against you, went up.
ChartArt
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An update of this chart would be awesome, now that the target was hit :)
geometricThinking
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My curiosity is fueled by the fact that using this index you have forecasted the same approximate time and price as I have {low ~ 320 ~12/8/2014) ... (By the way, smellymoo, I think we are trading different time frames. You could be correct also, if you are trading shorter time bars, as it appears you likely are.)
ZarNegar
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It is exactly.
We're in the wave 4 and wave the next few months will be complete.
I mean the index. The EMA indicator was
I believe the important news from the economy of the United States in September.
And the news is depressing effect on gold and currencies.
I'm trading in gold. And I expect gold to fall to 1155 levels.
Also on BTC. Down to 250$ is not surprising.
Also, I think. 2015 will be a bullish year.
geometricThinking
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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?
geometricThinking
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I am inclined to agree with your assessment.
ZarNegar
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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.