BTC could go as low as $250 and even $85-$110 is possible. Here is why: My original chart which I made one month ago had the title: "Bitcoin price doom analysis - Why Bitcoin might crash to $333" Sadly BTC is falling even faster than anticipated. BTC is now below a two year moving average price (EMA 720 - the red line) which was at $369! Therefore I'm lowering...
A couple of things to watch out for at the moment: OVERSTOCK CEO PATRICK BYRNE PROMISES “INTERESTING ANNOUNCEMENTS” AT LAS VEGAS BITCOIN CONFERENCE insidebitcoins.com NEW YORK (InsideBitcoins) — Promising some “interesting announcements” regarding Bitcoin on Twitter (see below), Patrick Byrne, CEO of Overstock.com, will deliver the final keynote for the Inside...
Fibonacci numbers (blue vertical lines) and ratios (purple) applied on time. In case of failure, we break 450, and should expect 260 (last bubbles top) If we keep climbing up and break top resistance expect rally up to 3000 - 4000. Infact targets like 10k for the next bubble are unreasonable. The next bubble will be more like a last breath of the bulls, before a...
This Gann fan is hitting so many pivot price points (marked in blue rectangles) that it seems to be worth watching the coming weeks. It makes forecasting easy. Either we stay above the 9/1 Gann fan which started in Summer 2013 and slowly start a new uptrend in Winter 2014 - or the price falls much much lower.
Obviously the Bitcoin price is currently in oversold territory - meaning the price can still sink a few US Dollar lower, but the price dive shouldn't be as dramatic anymore like it was from $683 to $442 or previously from $1163 to $339. Using two Fibonacci Time Zones interestingly the Coppock curve might reach a low area where the second Fib Time Zone (which...
Using Fibonacci time zones it is possible that the peak of the next Bitcoin bubble might occur after Fall 2014 and before Spring of 2015. The Gann fan shows that in order to make this forecast come true the price needs to start increasing by November 2014. "Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X...
Obviously, Bitcoin's price is still inside a uptrend channel. Accumulation is increasing so far, too. Please also take a look at my other related chart. I forgot to add it as link:
We are above WMA 100 (weighted moving average period 100) in the long-term chart and the GANN price channel is larger than I expected. We might be at a bottom. If and when the SAR trend indicator goes positive we have the start of a new rally. But if we go below the red WMA line the BTC price could fall down.
A long-term Bitcoin chart (weekly time-frame) shows most indicators signal a large downtrend. But the price might still bounce at $450. Otherwise the price might fall much lower. Current price is below $500. ------- MACD (Moving Average Convergence/Divergence) shows the begin of a downtrend ROC (Rate of Change) shows currently a downtrend Stochastic Oscillator...
Huge risk that Bitcoin falls much lower than $450. Here is the past value increase trading range and resulting future value decrease possibility in this Bitcoin price channel. Look at the "related ideas" to find more bearish ideas in my previous charts, especially this one:
Bitcoin is at the crossroads - again. Are we finally staying on this level above 550 US Dollar and slowly going up again. Or is this just the start of a much larger downtrend? At least the accumulation/distribution indicator is showing an uptrend and the Keltner channel and weighted moving average shows we might get stable and could still bounce - before we face...
It’s been a happy couple of weeks in May, June and July 2014 for Bitcoin enthusiasts like me. Sadly we didn't break out of the overall downtrend since falling from around 1200 US Dollar per Bitcoin in December 2013 so far. I was very enthusiastic in June 2014 that the yearly price increase pattern (bubble) repeats very soon. But 600 US Dollar is only the 50%...
Less is more. The two last major important circles show that they are crossing in July 2014.
Maybe in the future we see patterns emerging based on the last Bitcoin price peaks - all being connected with Fibonacci circles.
Seeing is believing. The Fibonacci circle clearly shows that we are at a new pivot point in July 2014. We are entering a new phase. It's the second chart that shows this. Here is another one: The next direction depends on if Bitcoin can stay above the 200 day moving average (new uptrend) or if we fall below this critical area (downtrend). Price in USD in...
This isn't a forecast, it's more of a study I will be able to refer back to in the future. It's a combination of golden ratio spirals, fibonacci retracements and multiple pitchfans on a Bitcoin chart from Winter 2013 until the Summer of the year 2015.