xSilas

Big movement ahead! + - 1. August 2014

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
At the end of the Volumetrendline we will see a big movement in either direction. (01.August)

The direction will be defined at this point for the next 4-6 month.

Now we have two possibilitys.
1) Three drive pattern is already done, good news overall (point X second drive?) liftoff at the end of the triangle 1000$ (i would preferr that way)

If the three drive pattern isnt complete so far, china will ban bitcoin             (or similar) at the end of july to get the price to the downsite target 265$.

Targets: 1000$ | 265$



Silas is a god.
Reply


0.236 from top is 270$ ;)

I published a similar idea (but you called it first )
Reply
doTheBounce doTheBounce
Reply
Updated View with Volumeindicatorline
Reply
I agree with your analysis. We are in a very pivotal situation right now in terms of where the price moves the next weeks and months. The longer we stay above $625 the higher the chance that a new uptrend establishes. But if we fall below $600 then we might see a month long correction downwards.
Reply
Why rule out it bouncing off the red line?
Reply
xSilas BitcoinErrorLog
im thinking of a three drive, and it normally have to make a new low (265 white trendline) to be legit, thats why i think the red line wont last for long. But it could be a good spot to watch for a 50 dollar bounce :)
Reply
xSilas BitcoinErrorLog
good that we talked about the red line :) +1
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out