ChartArt
Short

Bearish Bitcoin price outlook for June 2015

BITFINEX:BTCUSD   Bitcoin / Dollar
519 12 3
Unless a major positive news emerges in the next 14 days, this is the direction I see for the Bitcoin price in June. Why? Because the volume is peaking right here this week and all reliable and fast price indicators start to decline, like the StochRSI shown as only one example. Maybe I post a few more later today as screenshots below as an update.

Support is around $221-$222 (green line) and resistance around $241-$243 (pink line). If the price does get a good pullback and does not start a larger downtrend then I expect the pullback to happen at $225-$226 (orange line)
user100000
2 years ago
Have you seen my cycles chart? It's impossible to be bearish; atleast for me
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ChartArt user100000
2 years ago
Have you seen LazyBear's chart with Ehlers very advanced cycle indicators which are based on digital signal processing? (http://www.mesasoftware.com/ehlers_books.htm) It's impossible to be bullish; at least for me. Because I came to the same conclusion with my own indicators.

Ehlers cycle indicators on a daily chart
snapshot
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user100000 ChartArt
2 years ago
No, haven't seen it. Software based? I wouldn't trust it
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MoonTrader user100000
2 years ago
It's always impossible for you to be bearish. That's the problem. Don't you realize that?
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user100000 MoonTrader
2 years ago
I have no problem to be bearish at tops. I find it strange to be bearish when the market is basing (accumulating) for the past 5 months
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MoonTrader user100000
2 years ago
You've been bullish for much longer than that. You've been bullish even before it crossed $300 the first time and subsequently crashed to $152. You post nothing but bullish ideas and they never come true because you always draw hockey stick graphs that are completely unrealistic.
+1 Reply
rivet.popper
2 years ago
You change your mind from bearish to bullish every couple of hours. Hard to take that seriously.
Reply
ChartArt rivet.popper
2 years ago
Do you mean me or user100000?

I have published bearish charts since 11 days ago - with a brief interruption 5 days ago - and then after the unexpected large whale dump on Memorial day only bearish charts since 4 days ago:

11 days ago
Bearish scenario if the price stays below 240 USD

4 days ago
Yet another chance for bears, if the price stay under 240 USD

3 days ago
Bearish more likely with today

1 day ago (chart above)
Bearish Bitcoin price outlook for June 2015


If we hadn't gotten so close to a bullish breakout on Sunday May 24, I would have stayed bearish the entire time.
+1 Reply
rubenthin PRO
2 years ago
Until we break below 220/1365 I think it could still be this:
snapshot
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rubenthin PRO rubenthin
2 years ago
Or if we break it, then maybe this:
snapshot
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blackswan
2 years ago
the only thing that keeps this price range afloat is lack of substantial negative news and GBTC euphoria once that excitement subsides and something negative happens there will be a controlled price dive that should easily take us below 200.
+1 Reply
Xman
2 years ago
looks like bear won, yeah!!
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