BITFINEX:BTCUSD   Bitcoin / Dollar
269 4 2
---- EDIT: Title should say "BTC" not "BCT" ---- Here's a simple fan chart following trend from Jan which shows target to 250 level by mid-Summer. There are just too many bag holders at this time and level to give any hope until Despair mode is over. Again, look to short any bounces and/or go long any dramatic down-swings... but be careful holding anything long for long.
Whats BCT??
Reply
Kubera pumapunko
Thanks... title should say "BTC".
Reply
What is the statistical basis for your labeling? Tough to buy your argument when your argument essentially is "believe what I say cause I said it".
Reply
Kubera AKWAnalytics
This is not so much a statistical analysis... but more a feeling for investor psychology and history. Charles MacKay's 1841 "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" -- audio book: https://www.youtube.com/watch?v=mzAFF9gZQ9M -- is probably the best and earliest work -- http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds -- Of course, anything can happen, say Paypal adds Bitcoin as a payment option and we're back on our way to 10,000. I hope this happens soon... but it more likely that between now and then we'll see more downward movement to fulfill the historical asset bubble cycle.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out