ChartArt

Bitcoin Price Trend - A Macro Outlook For Summer-Winter 2015

BITSTAMP:BTCUSD   Bitcoin / Dollar
1682 9 17
After several weeks with a very strong uptrend the BTC price has hit an important area where the direction for the next months is going to be decided.

Breaking above $300 would signal that the uptrend is here to stay and that $400 is in reach. Falling below $250 might mean that the downtrend resumes one last time until $200 is confirmed as bottom.
nimbus
a year ago
Bravo for your analysis.
It seems the validity of the recent cup with handle pattern is vanishing. And which side do you think the market will choose, break upward or stay low.
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ChartArt nimbus
a year ago
Too early to tell, but most likely dripping lower, if there is not a strong bounce this Friday.
Reply
nimbus ChartArt
a year ago
it seems a double bottom handle is forming. waiting for the break.
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ChartArt
a year ago
A longer term trend:

snapshot
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ChartArt ChartArt
a year ago
The medium term trend:

snapshot
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ChartArt ChartArt
a year ago
Bitcoin is far outside the longest trend direction using BTC China data since 2012

snapshot
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nimbus ChartArt
a year ago
How did you draw this tunnel?
I see no important price point of this tunnel's upside resistant ceiling and downside support bottom line.
Reply
bbrox nimbus
a year ago
Agree the tunnel looks pretty random.
Reply
bbrox bbrox
a year ago
except the midterm downward tunnel.
Reply
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