I buy a few coins every couple weeks to accumulate to a long-term buy and hold position. Instead of just hitting the buy button I set up limit orders at potential bottoms. This typically saves me $10-20 regardless of direction. My next buy will be in 300-340 area
-- UPDATE --
This long-term this risk is still there, but as long as we keep on slowly going up (earlier ) since the massive correction down to $275 then this chart scenario posted here is going to be proven invalid.
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The precise rules of Bitcoin price bubbles vary but it usually involves traders hopping from square to square, missing out the...
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...
Plans for both sides for the next year.
The upside is more likely in my opinion and has the potential to continue beyond my target of 1522.
The downside is limited. If it continues going lower from 830,
you can assume we are in a gold crisis or something like that.
Anyways, once the current correction down from 1900 is over,
you can expect a steep reversal and...
After looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours.
This is a pretty simple High probability trading set up and should be a really good trade.
Trigger!
Doom, doom, doom. I want you in my room...
Sadly the long-term indicators weren't lying. I pointed out one month ago that Bitcoin is doomed with many charts in the comments here: and this week my most bearish doomsday scenario of $333 triggered
So instead of publishing more charts as comments I give you my Bitcoin doomsday dashboard. The only reason why I...
As you can see the Stoch RSI is in oversold area, the Money Flow Index (MFI) looks like it's going up and the Coppock Curve is at a low momentum.All of these correlations don't mean that the price can't fall lower, but it can mean that there is soon room for growth from this low starting point. Interestingly we are at Fibonacci Time Zone 3 based on last Summer's...
As we can see on a weekly time frame, this pair is completing a cycle (low-to-low) trending slowly up within a channel. For trading purposes though, it is actually trending down. Currently this pair is in one of the strongest down trends of all the majors. The NZD is the weakest currency, while the USD is the strongest one. That's why I expect further continuation...
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, 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:
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UPDATE:
Short-term shorting opportunity below 500 US Dollar
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Positive news:
- New York Extends Comment Period for BitLicense Proposal:
www.coindesk.com
- Ben Lawsky: New York Can’t Risk Getting Bitcoin Regulation Wrong
www.coindesk.com
The risk that the price might fall is even below $550 starting to get lower around $525-$535 Below $490 is a large...
GBPUSD has corrected for several weeks now. The momentum indicators are in oversold zone and the price action suggests the correction is over for now and we can see a small rally to 1.6930/80 zones where it could find resistance and start its down trend again. A small rally would also create a bearish head & shoulders patterns and the minimum target towards...
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:
USDJPY has been channeling on the daily chart making lower highers and is pointing with 50 moving avg filling as structor so i don't see no reason why we wont have a nice drop out of this channel down to 90-85 area from back to a uptrend to 120 in 2007
Following current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming.
I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in.
The resistance arcs are more for...
