Based on the news (btc-e has/had issue's / ddos attacks other exchanges?) i don't think we would hit 500 soon. My guessing is first the market will dump - price will go down to 330/340 and then buy. But i'm waiting to break the trendline and then join the move.
What do you think?
Based on my experience, bitcoin market very often pumps and then corrects itself. Usually there are moves in like 20-40 USD and then correction half the way. I see the price rise for last few days, I expect it to reach like 425, maybe 430 and then I expect correction to like 410-400 range. I think this cycle will happen until sunday/monday. You should prepare...
The 02/23/16 downfall might have a 40-50% retracement before the end of the day . followed by a little fall and then we are back on the uptrend . i don't see any reason for any more falling under 2750 CNY . the Uptrend of last week is not dead but it need to breathe a little. we need some good news this week concerning bitcoin world , and some bad news concerning...
Head and Shoulder Formed in MFI Which Signals Moving Down, it Also Shows a Bearish Divergence, and The Last
It was at This Level was the Previous ATH.
MACD is About to Cross Down.
While I Remain Bullish in Longterm as Always, I'm Bearish for Now Because if it Wants to go Higher from Here it has to Gain Momentum Which Obviously Doesn't Have it for Now
Bitcoin indeed needs more time to consolidate & correct the sharp rise during autumn..
My ascending triangle was too optimistic. I adjusted the triangle.
The 200-MA is rising and will need to create a floor below the prices before Bitcoin can move on and breakout above $500..
Super critical support around $320-$300. I don't want to see this zone being broken on a...
Also another sell setup
1. price has come to previous structure and shown a huge bearish candle
2. price put in a bearish engulfing candle
3 price is downtrending
4.previous candle was a doji
on the daily previous candle was a bearish hammer sign of more sellers in the market :)