Hello guys... Decreasing to 800 or little above... increasing will continue in less than 2 mounts...
No one can know what will happen in the coming days. But I expect the price fall to 6800 ~ 7000 cny.. Let's see.
last time when #bitcoin to #gold ratio was near 1 to 1 bitcoin dropped more than 50%
Bitcoin 159 days of sideways ahead. Price will bounce between that levels $984 and $728. Happy new Year!
Bitcoin is heading to 1000$ everybody knows this, thats why this trade is risky. The cloud is my protection; my stop loss Hope you enjoy the upcoming fun.
From the fib and the iteration the path seems to be clear – I expect another leg down near 500$ (510$ mid sept.) with a good run up around new year and spring 2017 (750$+ jan. 2017) a year from now we gonna see the next run to scratch 1000$ (boom) time will tell =)
Short at the .786 PRZ with stops above new highs. Take some profit / move stops to break even at the .382 retracement and close the remainder at .618. I enjoyed this short video on this pattern . Simplified image via Google search . If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to...
Bitcoin has found a support at these prices and we must test new highs now If we break previous top then this will go until 800s If we fail to break it then we may go down again sideways much more or dump more.. (Blue Arrow) This stop loss should be tight around 645-640 Be safe
Lets see how accurate this can be lol!
Just something to think about.
BULLISH DIVERGENCE IS INDEED DEVELOPING , SHALL WAIT AND SEE :) . As seen on the chart we are in a downwards channel. (POSSIBLE OPPORTUNITY TO SHORT HERE ?) There is a lot of uncertainty and I prefer to not have any positions ATM. If it is indeed a bullish divergence , prices should bounce back up after reaching the blue box region. IF YOU THINK IT MIGHT GO...
To some the pullback from $315 to $270 (or ~15%) might seem excessive but in the volatile world of bitcoin the pullback came up short of expectation. Those that follow my work at BraveNewCoin or Twitter @Tone_LLT would have noticed double parallel up arrows placed on the chart two days ago. The optimal situation would have been for the price to fall a little...
Well, Elliot wave theory on monthly chart with log chart says bitcoin is going into 5th wave of Elliott. We all know(maybe not all) that Elliott 5th wave is the highest. The 5th Elliott wave on bitcoin can go between 10k and 10M, so who knows? Due to scarcity, economic collapse probability, uncertainty and manipulation in current economic system, there's a small...
It's not a perfect shape in the making but definitely something to keep in mind. Symmetric Triangles can break one way or another and picking a direction is a dangerous assumption that could cause tunnel vision on expectations, but here is the rational for the forecast. The Symmetric Triangle is forming after a significant down move from the $300+ area. The trick...
follow me on twitter @flibbr Improved design / readability on my previous chart