NEWS UPDATE: Paypal (eBay) to accept Bitcoin. Paypal division Braintree (Uber, Airbnb) "plans to announce that its customers can start accepting Bitcoin" recode.net ----------------------------------------------------------- We reached a new intra-day bottom or even the new bottom for this week? The lowest price was 456.3 US Dollar on Bitstamp The "Short-term...
this is the 3 most likely bottoms from reviewing other ideas and linking all the powerful low pivot points. notice how all 3 predict the last low of 443$
Many things are confirming a short raily as depicted in the chart.
The fat red brownish line is the Gann fan trend line from the last swing low (July 2013 at $63) to the last swing high (November 2013 at $1163). This is the line which - surprise - happened to be the current low at $442. And it's the line where I hope Bitcoin is nearing the bottom of the current downtrend channel which started at $597. Maybe the BTC price stops...
Reversal at Bat's completion is confirmed by the double bottom.
I see a bounce happening at 443$ if you ignore a few flash crashes and bouble peaks then this triangle has a lot of touching points and successfully predicted the last bottom. I would like to counter the many bears hoping for 100-200$ bottom, people are greedy and will be buying at the 448$ as it will be a double bottom and bottom of this very long term trend....
GOGO is forming the following bullish setups: 1) Head and shoulders bottom, but not yet completed 2) Pullback in a strong bull trend 3) Broke out of trendline, and breakout failed, thus pulling back perfectly to the trendline 4) Price is at a 50% retracement level from the $20 swing high 5) Bull channel and trend in progress This looks like a good setup for a...
The 50 support has held up before and today's close may indicate that it won't breakout short. I think the best the bulls can get now is a trading range while the bears may begin to cover at support (50). There has been very little buying pressure for the past month. Longs also resisted 68-70. Shorts (which have ruled for a month) are indecisive based on the doji...
Price is oversold on D1 chart and RSI is giving buy signal.
Double bottom formation on previous support and RSI being over sold.
I am long SBUX at the moment and expecting it to retest and subsequently exceed the 2013 highs imminently, especially after Starbucks posted earnings of 67 cents per share on $4.15 billion in revenue versus the expected 66 cents on earnings on $4.14 billion. The stock currently has an average rating of “Buy” and an average target price of $87.33 (Via the ticker...
-- UPDATE -- Prediction failed. We didn't get into the uptrend channel and returned to the drawn downtrend channel. We have found a bottom at around 600 US Dollar and are slowly leaving this price area. Here is my idea how the uptrend channel may look like.
This cloud-service company looks ready for another leg higher. Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback to $46 which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. I was bullish on it since Reversal on 15 of May (check my thoughts in...