BITSTAMP:BTCUSD   Bitcoin / Dollar
There's no way that can be right! It can't!
I found out three days ago that we are in the same situation as in the end of January, early February 2014 - just before falling down very deep for months. It's so very sad that I didn't publish a public chart here, because I love Bitcoin. But now that several people came out on TradingView with their doomsday scenarios I will contribute mine soon.

New target that seems realistic is $450. Maybe even $250 or $125 if it gets very bad.

Back to Bear

When it rains, it pours. Taking historical look back at crosses
+1 Reply
ChartArt ChartArt
It seems that we just delayed in May and June the downtrend from the all-time-high and it's still intact. I found signals for that weeks ago when creating monthly charts, but I always dismissed them that they can't be real.

Here are some old ideas from ronfkingswanson. Maybe we test the untested price zone next:

November bubble has yet to finish correction, trend unchanged

Strong breakout from Nov. bear triangle, but no moon just yet
HerSerenity ChartArt
Thanks for those two, haven't stumbled upon them yet. Especially the second is interesting, but we'll most certainly see another full-flegded faster impulse wave before reversing, that's why I doubt it's going stop anywhere above 300.

Looking forward to your scenario btw, I'm gonna be disappointed if the candles won't be completely covered up by fibo circles!
HerSerenity ChartArt
I got supsicious when the last bubble ended at a double top because that's certainly not how I got to know Bitcoin, looking back at the last three big crashes. Assumption confirmed in March by the 3rd impulse wave.
Though I doubt anything can really change its natural course (Silkroad? $85?? Screw that, let's go for 1k instead!), and yes, including love :p

I for one am going to hop in at every pitchfan line in my chart; yesterday the first bump happened right there, leaving me a bit surprised as I didn't see any actual support lines -- well, until now.
ChartArt HerSerenity
The last bubble rally went too high and happened way too fast. Maybe it's better if Bitcoin cools off for some time to start the next - even larger - rally from a lower price point. Hopefully without rolling over the overall uptrend which was established in 2011-2012.
+1 Reply
BitcoinGuru ChartArt
good job and I agree on your Chart work ChartArt, I think were due for a crash down to the 300-400s.
Also if we go down to those levels I know few people who would buy in. They were waiting for the price to come down so they can invest :)
MoonTrader BitcoinGuru
All this fear is making me greedy ;)
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