AS YOU CAN SEE I JUST COUNT WAVES. I FIGURE OUT THAT PRICE IS MAKING A 5TH WAVE AND THIS WAVE HAVE AN 5 WAVES STRUCTURE TOO. NOW PRICE IS MAKING THE 4TH WAVE OF THE 5 WAVE SEQUENCE THAT IS INTO THE BIG 5TH WAVE. THIS 4TH WAVE IT SEEMS TO BE AN ABCDE PATTERN. SO I WILL BE LOOKING FOR THE BREAK OUT TO GO LONG. MAYBE IN LOWER TIME FRAME. WHAT DO YOU THINK ABOUT...
If INTC (Intel) wants better intel, they need to buy CRM (Salesforce). Who can call the CEO's, send me a few shares for the idea, and make this deal happen? Who would you rather build the future, humans or artificial intelligence?
the up trend has been broken, so price might start a down trend. However, as you can see in the chart there is a posible H&S. In the 15min chart, you can see how price is breaking a corrective structure to make a posible down impulse. WTI should go to the neck of the H&S and then break it and go to the 56$. The trade should be completed by the end of next...
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:
The chance that this is the long awaited uptrend is growing. This is an update of my original chart, which I created 1 month ago: In this update I optimized several indicators to better reflect the current trend. Overall it's looking good. But 2014's downtrend has not finally been broken as of today. That's why I post this as a neutral outlook.
Here is a land of imagination, hopes and dreams. Magic and make-believe are reborn and fairy tales come true. Fantasyland is dedicated to the young at heart, to those who believe that when you wish upon a star your dreams do come true. Each Fantasyland has several gentle rides.* Using the RSI (Relative Strength Index) indicator with a 12 week period (equal to...
New version! I looked at all the original information from MtGox which is still available on TradingView and noticed that my last chart using Bitstamp prices and pivot dates wasn't aligned perfectly with the real pivot price data from MtGox (which shaped the price from 2010 until the melt down in 2014). BTC has still a high risk too fall even more. The pink Gann...
-- 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. ----------------- 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...
A couple of things to watch out for at the moment: OVERSTOCK CEO PATRICK BYRNE PROMISES “INTERESTING ANNOUNCEMENTS” AT LAS VEGAS BITCOIN CONFERENCE insidebitcoins.com NEW YORK (InsideBitcoins) — Promising some “interesting announcements” regarding Bitcoin on Twitter (see below), Patrick Byrne, CEO of Overstock.com, will deliver the final keynote for the Inside...
Fibonacci numbers (blue vertical lines) and ratios (purple) applied on time. In case of failure, we break 450, and should expect 260 (last bubbles top) If we keep climbing up and break top resistance expect rally up to 3000 - 4000. Infact targets like 10k for the next bubble are unreasonable. The next bubble will be more like a last breath of the bulls, before a...
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 the Bitcoin price is currently in oversold territory - meaning the price can still sink a few US Dollar lower, but the price dive shouldn't be as dramatic anymore like it was from $683 to $442 or previously from $1163 to $339. Using two Fibonacci Time Zones interestingly the Coppock curve might reach a low area where the second Fib Time Zone (which...
Using Fibonacci time zones it is possible that the peak of the next Bitcoin bubble might occur after Fall 2014 and before Spring of 2015. The Gann fan shows that in order to make this forecast come true the price needs to start increasing by November 2014. "Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X...
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...