ZarNegar
Short

The final fall

BITSTAMP:BTCUSD   Bitcoin / Dollar
2456 14 28
Now. BTC             is in the final stage.
I think it will fall below $ 100. And afterwards. A new chapter begins.
Now. BTC is in the final stage.
I think it will rally past $300. And afterwards. A new chapter begins.
+2 Reply
ChartArt ChartArt
My chart:

+1 Reply
BitcoinGuru ChartArt
you will not see $300 anymore imo for 1 year at least imo. no new money coming in on the exchanges other than the same people trading over and over. unless we see some major news that will bring bitcoin to the average joe / consummer.
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ChartArt BitcoinGuru
The Wall Street Journal is pumping Bitcoin hard almost once every week.
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ChartArt ChartArt
http://blogs.wsj.com/moneybeat/tag/bitbeat/
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BitcoinGuru ChartArt
pumping it to who? average joe still has no easy access to bitcoins. Also average joe will not buy bitcoin at triple digits even smart institutions will bring down to double digits before they start buying for real and going long. imo mass consummer adoption will occur at double digits. :)
This news is the worst for bitcoin: http://www.coindesk.com/most-mt-gox-bitcoins-were-gone-by-may-2013-report-claims/
+1 Reply
ZarNegar ChartArt
Good... But I think ...


snapshot
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ChartArt ZarNegar
The great thing about trading is that in 3 months we will irrefutably see who had made the better analysis :)
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@ZarNegar,

your last 2 analysis didn't come even close, looks like you're better at analyzing high volume & high market cap commodities or forex markets... check DanV's analysis for clues.. as for long term bitcoin going to double digits is a real possibility as it's still on its way to discover its true price in correlation with true demand..
+1 Reply
ChartArt ZarNegar
Fair enough. You could be right. I did a new analysis today and found out that there is a last partial down wave lurking in the recent price movement:

snapshot
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