ChartArt
Long

ESPN was paid in Bitcoin - Bullish MACD crossover in daily chart

BITSTAMP:BTCUSD   Bitcoin / Dollar
Less bearish and more bullish signals in the 1-day chart. And we have positive news thanks to a Bitcoin payment service:

- BitPay Reveals it Paid ESPN Bitcoin for Sponsorship
http://www.coindesk.com/bitpay-espn-bitcoin-bowl-sponsorship/
http://www.bizjournals.com/tampabay/blog/2014/08/bitpay-exec-we-paid-espn-for-our-sponsorship-in.html

ESPN's slogan: "The Worldwide Leader In Sports". They are a U.S.-based global cable and satellite television sports channel. BitPay executive chairman Tony Gallippi announced that his company paid for its upcoming college football bowl game sponsorship in Bitcoin .

"The sponsorship's price was undisclosed, but it likely came in at about $500,000 a year over the course of the three-year contract." Tampa Bay Business Journal has estimated that its full contract with the broadcaster is estimated at roughly $1.5m over the course of three years.

Last high today was $515 after a $487 low several hours ago. We are above a two year weighted moving average .
(In the background of my chart are multiple Gann fans from 2011, 2012, 2013.)
I think you should avoid mixing news with technical analysis, otherwise you'll trade with biased perspectives.
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ChartArt J.Livermore
2 years ago
Bitcoin prices are largely driven by news.
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J.Livermore PRO ChartArt
2 years ago
Ok, you're THAT guy ;)

Price might be driven by news (sometime), it's set technically.
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ChartArt J.Livermore
2 years ago
Long answer:

A: If the market is technically long-term in a bad shape, in that case bad news drives the market much more down.
B: If the market is technically long-term in a bad shape, in that case good news has almost no immediate effect.
C: If the market is technically long-term in a good shape, in that case good news drives the market much more up.
D: If the market is technically long-term in a good shape, in that case bad news has almost no immediate effect.
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J.Livermore PRO ChartArt
2 years ago
I agree on that one, so in short answer: adding subjective interpretations of news doesn't add almost any value. But it's a long debate. Have a good week !
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ChartArt
2 years ago
Chart from Monday, August 25 - 7:00am (EST, New York Time zone)

snapshot
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BuyBitcoin.WS
2 years ago
I enjoy your charts, but I think u should not post so many charts in 3-4 days span between bullish and bearish ones it gets confusing. I think wait for confirmations, then post 2-3 charts and that's it.
also news lately unfortunately did not drive the market as it use to, so that piece of news will not do much sadly.
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energizer BuyBitcoin.WS
2 years ago
Heh... Glad to see that not only I'm have spotted that. Unfortunately, a lot of so call traders in here post millions of charts. And more of that if the price is going up they see Moon almost immediately, if the price is going down they think it will break the floor. Confirmation? Why? If you can make new charts, and if someone will say your predictions are not accurate, just say that was an idea.
+1 Reply
ChartArt energizer
2 years ago
Thank you for your comments. I agree that I was posting quite a few charts the last days. There are basically two reasons for that:

I was very very bearish. I saw the price falling since 1 month ago when we broke $610 . Therefore I posted my short targets (and they have been met). I expected the price to bounce at $550 to $500 at least a little bit, but it didn't happen. The price was falling and falling with no signs of stopping and I got so bearish that I posted my chart "Bitcoin is doomed" chart . And "Bitcoin price doom analysis - Why Bitcoin might crash to $333" . That was the peak of my bearishness.

The only reason why I posted a few bullish chart ideas with titles like "One Secret Chart Of Bitcoin Bulls" or "A new Bitcoin bull market?", "Short-term buying opportunity" was that I wanted to keep a balanced view. So my overall view was extremely bearish, despite posting bullish charts.

But when I finally noticed some buyers at around $440 I got more and more bullish again. Each time I found more reasons to be bullish I posted another chart. On top of that I experimented with more ways to do technical analysis. Since I didn't keep those experiments to myself and because the market got much sooner less bearish and more optimistic than I expected - all of this resulted in the many charts I posted lately.

If you only want to watch one of my charts right now - please watch this one :

New York extends comment period. Long above 528-535 US Dollar




Bitcoin is facing a larger correction

3 Bitcoin short targets and a Buddha quote

The real reason Bitcoin is doomed in Summer 2014

Bitcoin price doom analysis - Why Bitcoin might crash to $333

New York extends comment period. Long above 528-535 US Dollar
+1 Reply
ChartArt ChartArt
2 years ago
:( I linked all charts in my text with a bracket. But TradingView deleted the brackets in my text. Those charts at the end are the ones I mentioned in my text.
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BuyBitcoin.WS ChartArt
2 years ago
dont get me wrong lol i enjoyed all of them. what u could do is post 1 bearish and 1 bullish chart and let us choose. in the end nobody knows where the market is going all the time, so putting different scenarios for bulls and bears makes sense. keep the good job. i do like the fibonacci circles u do. very accurate thanks!
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ChartArt energizer
2 years ago
"Confirmation? Why? If you can make new charts, and if someone will say your predictions are not accurate, just say that was an idea."

Ok, therefore instead of posting all my ideas to the public once I have them you recommend me to keep my ideas private and then just "boom" come out with the chart when it's a very high chance that the forecast will come true. Yes, that could make me look like I'm more accurate.

But the downside is that I can't say I saw this coming very early, before other people noticed the changing trend, when I wait for so much confirmation that it's a boring prediction everyone shares already, when I publish my chart after a long delay to have more confirmation of the trend.
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energizer ChartArt
2 years ago
That is just what I think and I didn't mean to offend you. Really, all I need need to know is when to enter the market and when to leave, and it is good to see some background around predictions. That's it. As I said, that is just me, maybe there are a lot of guys here who are really excited reading all this ideas.
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MoonTrader ChartArt
2 years ago
I think you should post as many damn charts as you want. I like reading charts.
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FluidicFX PRO MoonTrader
2 years ago
+1 - Interpretations are welcome too.
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Avatarhash ChartArt
2 years ago
I like your charts, there is no harm to change your opinion while you are seeing the market is leaning over the other side. so far, your analysis was useful atleast for me. keeping doing what you do
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ChartArt
2 years ago
UPDATE: 3 days later (August 28).

We are getting bearish. The bulls run out of steam:

snapshot
+1 Reply
BuyBitcoin.WS ChartArt
2 years ago
excellent thank u for the update :)
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ChartArt
2 years ago
UPDATE: 7 days later (September 1):

As I previously said in my last update from August 28:
"We are getting bearish. The bulls run out of steam."

Now we had the (start of the) anticipated correction. Time will tell if we bounce around $450 or if we fall deeper, rendering this overall bullish idea invalid. The MACD is still bullish. The StochRSI is very bearish as of today.

snapshot
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ChartArt
2 years ago
UPDATE: 20 days later (September 14):

We are still dancing on the edge between going up and down a lot:

snapshot
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