Doom before moon. I expect a short lived drop after the price wasn't able to make a bullish breakout beyond the last 241 high neither today and nor this week so far as I expected. Short target: 235 and down to 233 and lower Short entry: 238.3 or higher Stop loss: 239.3
Entry: 1200 (I discovered the bottom and uptrend a day too late, current price is already 1209) Stop Loss: 1196 Target: 1240 RSI confirms the uptrend already and MACD is going to cross bullish soon
End of the downtrend? Bears were not able to break the uptrend. It could still happen, but the probability is decreasing with each more day above 1400 CNY. The uptrend could start with baby steps around Wednesday Feb 25 to Thursday Feb 26 and a bullish breakout could begin to happen on Friday Feb 27 or during the weekend. Gold is also in a bullish start position...
(zoomed out version) BTC/USD is consolidating between $200 and $250 and the overall trend is strong if the long resistance of $256 (Fibonacci pivot for the year 2015) gets again a breakout above. On the downside long-term support is around $192-$197. Prices below will drag Bitcoin much further down till $133, maybe even $65. Weekly resistance is around $250...
BTC/USD is consolidating between $200 and $250 and the overall trend is strong if the long resistance of $256 (Fibonacci pivot for the year 2015) gets again a breakout above. On the downside long-term support is around $192-$197. Prices below will drag Bitcoin much further down till $133, maybe even $65. Weekly resistance is around $250 and a break above will...
This is the dawn of a new Bitcoin beginning. I hear the bears' margin calls of tomorrow calling. Don't believe me? Just watch! The Bitcoin price is very low, but stabilizing and ready for a big uptrend starting above 1600 CNY. This major new rally begins in late February / early March 2015, when we finally break out of the long-term downtrend. Big green lines...
The correction on Sunday, February 16 was too strong to allow the uptrend to resume. We we will see several days of choppiness until we could be fully back in the despair trend. The last uptrend was way too fast: Update: It looked like the moon dream is over, but my chart showed my I was wrong.
If and only if the bulls win this and the following two weeks it would be very bullish. On the monthly chart I discovered a new bull case potential, against all bearish odds. Any breakout in any direction would very strong.
For the last two days I was expecting the price to finally fall. I gave it another chance and then another chance to show me that I'm wrong. But now I expect the downtrend to finally start. Because of three reasons: The price is trending down inside the Bollinger Band & is below the red angled trend line & is below my brown Fibonacci line.
Potential short-term bottom here based on Fibonacci and Fractals. After this extra leg down I expect that most people have already sold and the first are going to buy back. Also with the start of a new month we have fresh money which can flow in the market. There also two interesting technical ideas. We have a "Up fractal of January 16" at 1359.9 CNY and a...
Too much hope is lost. Back to despair:
The downtrend is not over. I expect a drop down to the last lows to form a real bottom before we can return to the mean. For more detail please look at my zoomed in version of this chart:
(30min chart of support versus resistance) A pure bulls versus bears battle.
Could go up next days based on last price action, Draghi QE news and current local low.
We have a bottom. And a high chance of a trend reversal if the price stays above $192 on Bitstamp. () Starting in late January to early February 2015 I expect the start of a strong uptrend, when fresh money from salaries arrives around the world and average people start to see the trend change on the chart and buy. The good thing is that most weak hands got shaken...
Long and Short Setup in one chart. Depending on which way we go.
152 US Dollar per Bitcoin could be the bottom of the year 2015. A bottom which will be tested in the coming days. Let's see what Fibonacci has in store for us. P.S. Also please look at my older chart: and
Bottom?! (while I was busy creating the chart I did not notice the new pivot low at 1015 CNY becoming the launch pad for the uptrend) www.youtube.com