afbitcoins

afbitcoins

Self explanitory

afbitcoins

Fun projection of bitcoin future price based on history repeating

afbitcoins

I have followed this modified schiff fork for a while now but havent published until now. So far support and resistance seems to be obeying lines on this fork remarkably well. There has been one touch of the mid line of the fork so far. It looks possible there may be a price decline which paints a pattern looking like a dead cat bounce from the $500 spike . I...

afbitcoins

I'm seeing a lot of bearish analysis out there at the moment for bitcoin so thought I'd throw this idea out there as a contrary opinion. In log price chart there is a well defined bull channel, shown in green which goes back to 2012 (and possibly earlier if MtGox data were available). Recent spike up to $500 ended exactly on midpoint of the uptrending channel...

afbitcoins

Throughout 2015 bitcoin has been held in a horizontal range between $320 and $200. But this now looks like breaking to the upside. Buying volume appears very high especially in China, this bull will have legs. Looking to upsloping channel to see where bull might go, not hard to imagine quite quick rise above $500 from here which would be to middle of that channel.

afbitcoins

Gold Silver Ratio is showing that Silver is a better bet than Gold at the moment. Looks very likely the smaller channel will break downwards unable to break above the larger channel and ratio could end up near bottom of this range in mid 20's This may be a clue that bull trend in precious metals is about to resume.

afbitcoins

It looks like damage to the bull is now done, like just after the iceberg hit titanic for a while everything seemed like it would be normal. Stock market is overvalued, recovery in the economy was all faked. Rebound is failing to get back into this fork, they won't be able to keep this bubble inflated.

afbitcoins

Bitcoin is challenging the bearish trend on log price scale and looks poised to finally push up above. In several other exchanges particularly in China and Europe the corresponding trend is already broken to the upside. With capital controls in Greece, Chinese stock market collapsing and the West not far behind. This could be historic low point in...

afbitcoins

Nearly time for the plunge protection team to step in. Lol

afbitcoins

Its been a fantastic ride for those in the share market but is the end in sight? Here is a view of S&P Index on log price scale stretching back 30 years or so. Each candle is one month. We can make a large bullish channel from the 2 main lows. How much of this bullishness is really just the purchasing power of the dollar falling? But regardless, price is...

afbitcoins

I'm looking to see these trendlines being validated. In fact there already seems to be some evidence they are active looking at lowest trendline in particular. Gold looks like it is obeying the bullish slope of this Andrews ptichfork and if so could be set to continue where it left off in 2011 on a new multi year strong bull run which will probably finally come...

afbitcoins

This multi year projection is based on the break up from the downsloping channel which appears to look like a bull flag continuation pattern. Note that the price scale on this chart is log. From start of golds bull run to peak in 2011 was a roughly 680% increase in price. Similar increase from todays level looks at a target of towards $9000 per ounce. Those...

afbitcoins

The gold market is so full of smoke and mirrors, lies and manipulation of expectations its hard to know what the heck is going on most of the time. THe finance 'industry' and media constantly attempts to dampen enthusiasm for the monetary metal but are they going too far in their attempts to supress its rise against fiat which is being printed by the TRILLIONS!...

afbitcoins

With price falling sharply bitcoin price has reached a trendline which goes back a long way on log scale. For bullish scenario you want to see rebound off that line from hereabouts. Be wary of conceeding support as broken too soon though, small spike below that line would not be surprise. A run back up to top the channel could be on the cards. If line fails to...

afbitcoins

Primarily this is a bitcoin chart but in order to manage to include historical data from MtGox I have to choose a symbol with long time period as such I've chosen gold. Thanks to munkeefonix for help understanding how to do this in TradingView. I am however interested in comparison of bitcoin and gold which can both be seen on this chart and are both forms of...

afbitcoins

Spot price of silver keeps going down but looking at bullish divergence in momentum, shown with pink lines, this cannot continue forever. At some point price is going to rebound sharply leaving bears feeling a lot of pain. Downside risk is very small compared to huge upside potential. Buy physical silver not phoney paper derivatives

afbitcoins

I published a bitcoin chart earlier today showing expected range of trading for bitcoin in december being constrained within a wedge formation. This log chart expands on that idea and gives a bigger picture of my thoughts on bitcoin. First thing to note is the rising channel. I don't have MtGox data in this chart (which is a project for another day) but if I did...

afbitcoins

Since the low in October price is finding a rising channel, however the big challenge for bulls is getting through the red upper resistance line. Bottom of the channel and upper resistance will very likely constrain price for rest of this month. As always expect plenty of volatility. I feel the resistance line will win out, however I will be suprised to see price...