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:
We might have a bottom at $500. Then a new uptrend might grow based on the eBay news and test at least the last resistance at $550 or $570. Stop loss $497 - Ebay's PayPal Subsidiary Braintee in Talks with Coinbase to Accept Bitcoin www.reuters.com www.nasdaq.com online.wsj.com www.coindesk.com
(UPDATE) Didn't happen... ----- Current price is $522. New small uptrend might grow very fast and test at least the last resistance at $550.
(UPDATE) Didn't happen... After one hour the uptrend stopped way too early. Now I expect much more down. ----- Current price is $546. New small uptrend might grow very fast and test at least the last resistance at $556 or $571. China is waking up (it's 6:30am there) and they seem to buy at OKCoin and Huobi, BTCChina. And Bitfinex, Bitstamp are already following...
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...
This is a chart for the Bitcoin bulls. I highly doubt that we are staying in this very old price channel. But if we do - there is room left for a new Bitcoin price increase in the last quarter of 2014. This is my customized version of the very popular chart from emanance (). I changed the upper trend channel line to be aligned with the oldest price peak and I...
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%...
Apple is at the crossroads between reaching a new all time high or facing a larger pullback. I highlighted in blue some interesting correlations with the Fibonacci circle (which connects the all time high of 2012 with the start of the rally in 2014). Some traders want to avoid the double top risk and are starting to sell before $100.00 is reached and then plan to...
-- UPDATE -- Prediction failed. We didn't get into the uptrend channel and returned to the drawn downtrend channel. We have found a bottom at around 600 US Dollar and are slowly leaving this price area. Here is my idea how the uptrend channel may look like.
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...
Bitcoin can go both ways - crash below $600 or finally make a breakout and go above $700 US Dollar. Here are my thoughts how a breakout might look like, if Bitcoin bounces of $600 and then resumes the uptrend in October, November (Q4 2014).
Bitcoin can go both ways - bounce of $600 again or finally make a larger correction and go below $600 US Dollar. Thereby creating the sell pressure to dive down further before it then bounces of somewhere between $585 to $525. Here are my thoughts how the bounce might look like, if Bitcoin makes a large pullback and bounces of $525 and then resumes the uptrend in...
I see a retest of the last peak around 97 US Dollar. At that point the stock either breaks the all-time-high of the year 2012 and resumes the uptrend and goes above 100 US Dollar or starts a large downtrend, because Apple is facing the risk of a double top in the monthly charts. Until then I expect everyone to bet for the price to go up again, because of the...
Bitcoin is still facing a larger correction, as I pointed out in a previous chart, since the price dropped below $616 to $608. Either the BTC price will move down to 595-600 US Dollar as only a quick pullback. Or we will see a medium size test of the last 550-585 US Dollar bottom area and then we will stay above this price level this year. Worst case there is...
I am truly amazed by the precision of this "Fibonacci circle". All I did was that I connected with it two points: a) the end of the downtrend from June 11 (LOW) with b) the high of the uptrend from June 30 (HIGH). And suddenly the last peak of $683 from May 31 and the beginning of the uptrend starting at $441 from May 19, as well as the bounce of the resistance...
------------------------------- UPDATE (August 24) ------------------------------- Here is what happened so far this since my "Bitcoin is facing a larger correction" forecast 1 month ago. Since I said "I was bullish on Bitcoin until we breached the 610 US Dollar price area" Bitcoin fell down to $442. My short target was...