Bitcoin - The appex of the cone is pointing to zero.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
3586 103 17

Unless Bitcoin             manages a lasting break above 300, the apex of the descending cone points to 40 by year end.

The band is becoming very narrow. to achieve this would mean a lowering in realised volatility which would mean an acceptation of the new price paradigm (a slow death in other words).

I like watching bitcoin             only because for me it is a great case study of human behaviour (more than other indices that have macro forces affecting the price too).

Other indices do have macroeconomic forces that are quite complex, but is it correct to conclude or assume that there are no macro fundamentals affecting BTC? I ask this question because I would like to know how to analyze BTC beyond technical analysis if that's possible.
The last swing should be shorter than the previous 4 I think...we'll see though.
150-129 comes next.
Kind of following the path so far.
If the projection is right, this is where it accelerates down.
I know that there are a lot of bitcoin fans here but i completely agree with this idea. Sell all bitcoins you have and forget.

What a passion. The bitcoin fanatics are very emotional... Ignoring negative views would be more efficient.

You have really to be short of arguments to become personal.

Yes Bitcoin has a value like tulips have a value too.

The fair value of bitcoin could be lower though and without taking risk i was just saying the trend is down and remains so as long as it stays below 300. This is just a statement that is so factual that it should not be challenged. You can tell me you think it will break 300 (which i did not challenge). If you can't accept this statement, you have nothing to do in the market where by essence, there are different opinions.

Please give me as many "minus" as you like, it strengthens my point.

Best of luck with your bitcoin wealth,
+2 Reply
Stop trying to contort the issue. We gave you "minus" signs because your chart was constructed incorrectly from a technical perspective, as was already pointed out to you. And you knew that before you released it, you're not stupid. So it points to brazen dishonesty. If the above comment gets any more "minus" signs, now you know why.
-1 Reply
YaKa rbarnes1337
+2 Reply
So you're saying there will be absolutely ZERO demand whatsoever by October?
+1 Reply
"The idea is to take part in the market during the primary movement, and when it is violated, get out" - http://www.bitcoinprice.mobi/2014/10/dow-assumptions-analysis-long-term-chart/
I wish I had more hands.. so I could give this shit 4 thumbs down. Look.. those of you who have commented about mining have a fundamental misunderstanding of how it works. Bitcoin can go back to being mined on CPUs and be no less secure than it is now. As to the sustainability of mining and the rest of those comments, I just have to laugh at how disconnected you are from reality. Regarding the chart, we've already broken out of the downtrend as per ChartArt and others. And to the rest of you who say all the money has already left bitcoin: it's apparent you've missed those big green bars. That's ok, there will be more of them to come. But go ahead, convince yourself that's not real money buying bitcoin and that it's still going to zero, irrespective of price. Seriously, go jump in the lake.
+2 Reply
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