ChartArt

This could be the end of Bitcoin's 2014 downtrend!

BITSTAMP:BTCUSD   Bitcoin / Dollar
After months of decline* Bitcoin             is arriving at a bottom. I see the momentum change to become bullish this week in this area above the Fibonacci retracement where Bitcoin             is starting to create a double bottom pattern, if you only consider the real body of 1d candlesticks without the lower shadows (wicks). And BTC             is currently at my scenario "B": meaning if the price bounces here it would be a strong signal.

If not, then we are in for a new tragic slow downtrend for another couple of months in 2015.

* (https://www.tradingview.com/v/7mPxsnSP/)

P.S. If you like my charts, you can leave me a tip:
1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg

Thanks!
14:00 UTC
Thursday, November 20, 2014
Current price: $358

The Bitcoin price is now below the new pink line, if it goes back up above it the uptrend is going to resume:

snapshot
Reply
Haha, the small announcement popup for followers cut off this chart's title to: "This could be the end of Bitcoin..." :D :D
And I agree with you, bottom test @315$ and possible change to bullish until end of November.
Reply
ChartArt Grinny
"the small announcement popup for followers cut off this chart's title to: 'This could be the end of Bitcoin...'"

LOL! But sadly we only know for sure if this WON'T be the case, if we don't fall below $275 and instead keep on recovering here nicely above $315 ($300), before all hope is lost. Meanwhile Chinese traders already tried yesterday (unsuccessfully) to manipulate the Bitcoin price down again with massive sell walls on Chinese exchanges.
Reply
I also think this is the bottom for now. Already long and waiting.
+1 Reply
Where is the bottom test for you, if you are starting to lean bullish? I agree with you its in this area, and volume has been very low as well.
Reply
ChartArt sammantic
Current bottom test for me would be $315. If the price falls below $315 the next really strong resistance would be $300-$305.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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