BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
865 21 14
Here is the text of the forecast:
"July 22, 2014
Sell signal setting up ONLY IF
Bitcoin             drops under 607.
Bitcoin             failed to rally to the
upside target and therefore
implies some weakness in the
market. The stop is placed above
the previous weekly high at 633.
(Time @ Mode Methodology)"

BTCUSD             was holding steady and not declining and wtih today's action seems to bring this forecast back to life. Downside targets are still outstanding. Stop losses can be placed at the high of this week around the $590 level after entries on the short side under $607.

Tim 10:51AM Wed, Aug 13, 2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Hi Tim, how much time does bitcoin has to reach 450? I mean, I understand that similarly to your other prognosis, if this target will not be reached at predefined time, it will be a bullish signal? TIA
we just flash crashed to 451 on Bitfinex!! Had my buy at 565!! Now question is if in 1 week we will see a rally to the 600s or not
Asterix BitcoinGuru
I would guess not
Asterix Asterix
I mean, I will gues we will not rally
timwest BitcoinGuru
The lowest weekly high was $452.67 on the week of May 11th, so that is the best target to look for in this decline. There is downside tendency for 7 weeks, and that is from 5 weeks ago. So, time is closer to out for the market to decline.
Muwa timwest
Target has been hit, at least on one major exchange (bitfinex).

BTCUSD finally made it. The aggressive trade is to go long at 450. The stop can be pretty tight 430 perhaps.
+1 Reply
so u doubt we could see 340? were still in a very bearish territory right now.
timwest BitcoinGuru
The low volatility area back in May should be a sign that massive fundamental buyers are lurking in that area around $450. So, I think it makes sense to trade against that level and go long. If $450 breaks and holds under $450 for 3 hours, then it is a sign that level is irrelevant and the market could head much, much, much lower.
+2 Reply
excellent thank you Tim
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out