I think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( ...
BTC/USD: On the monthly charts, we are in a range. Price was rejected at the 437 level, this puts 295 back in view.
On the weekly we are ranging.
On the daily we are ranging, and price appears to have broken out of a triangular range on Friday.
A Tier 1 long to 437 region is possible. Trade management: take some off at 437 on reversals. If the 437 region...
Sonner or later, but the target its the same. If we brake 500$ in the next days, I spect reaching 1k before spring, for an approach to 3-4.7k before the year ends. If the last support drops (blue one), We may see again prices near 300$, even 250, for a longer rally in 2017.
Bitcoin traded through the descending channel, which was completed on the selling purge through $280. Although the spike created large positive volume, price action outside the channel remains weak. This is likely to to a "buy on the dip, sell on the rip."
Price action is thought to remain between a larger sideways zone between support of $357.21 and resistance...
We saw several attempts tu push us below 607 level, what would end with testing 603 or even 593 support. Yesterday we bounced - I'am not sure if Dell news are important, but we started after them - and leaved downtrend started 1.07. Now we are struggling upward, 625 resistance becomes an support, we will see if it is a weak one or good enough to help us climb...
The longer term prospect for bitcoin is still not to hopeful and my "big arrow" remains in place. Based on my analysis alone, I will put up with all possible scorn from folks who just offer opinions which as I say are penny a dozen. However seriously as outlined in my last live session, I was looking for 50% retracement on BitStamp to 550-540 zone was duly met in...
