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:
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%...
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...