Looks like the final decision will be on first of august. I am definitely bullish, how about you guys?
Here's some thoughts on bitcoin, I used fib circle and it bounced right on spot, with trend divergence, now we are in another up trend. Both my upper trendline and fib circle are suggesting that we will be seeing $3500 very soon. Although all the above requires it to break out of the resistance area(blue), what interesting is that the recent triangle has broken...
i may participate if there will be another bitcoin party later later / another year but Half the people went home already. Decrease/reversal also happens exponentially. "party" - i mean secondary, third, fourth hype cycles: now it may looks less crazy than2013. But parties are also not rational. you still cant defeat the time. i dont feel like giving exact...
nice reversal head and shoulder = pumping until when ? break out is the next moove ?
Descending Trianlge, decreasing momentum in major timeframes. Price may rebound up and then head down to around 1800 Eur per BTC
As a technology Bitcoin may be more mature than the dirty update/blocksize politics try to make the public fear Yet maybe less mature as a market? consolidation / "echo" / bull trap may happen now or to "finish head and shoulders"? March buyers may want to sell the rest? If positive i may buy some bitcoin again near $2000. Else trailing stop. For the new low ...
Nice Head and Shoulders Pattern. Several robust indicators support this hypothesis. I am in long 5x ;)
bitcoin rising wedge reversal remember last time, end of mai
If btc break resistance trend line (the top dotted line) it will launch, absolute moon... then most like fall, as it did last time. If btc bounces off resistance trend line (bottom dotted line), it will fall back down to the support.
The BTC EUR should hit the price target of 2830 EUR per BTC by the end of the week. Currently in strong momentum, the price broke the triangle resistance and the break is backed by several robust indicators.
See related idea for more insight.
See related idea for more insight.
I'm expecting a huge dump from now to shortly after 2k, if it even hits. Lets see how it plays out!
The trend is going up for now but: 1. Don't buy now. Its too risky to pick tops. 2. Take your profit and wait for another breakout out of a flag to go long (look at the related idea). 3. The trend is still going up so don't short unless the support level of the latest high is broken to prove that the trend is broken. 4. Sometimes doing nothing is the right choice....