Here is our forecasting report on BTCUSD (BitCoins) for 2 February 2018. Based on our forecasting techniques, it would appear that USD3,500 is possible for Bitcoin. Will it happen? Let's monitor this very closely.
Good trading
NinjaSingapore
2 Feb 2018
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Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Good trading
NinjaSingapore
2 Feb 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Trade active:
BTCUSD hit the low of 7625 on 2 Feb (which is $225 above our forecast S1 level) and since then it's been rebounded and currently is trading at $8,300. It seems so near and so far away but this is what forecasting is about.
We will continue monitoring the price movement of BTCUSD and provide a further update.
We will continue monitoring the price movement of BTCUSD and provide a further update.
Trade active:
BTCUSD hit our S1 on 5 Feb. We are watching it closely to see if it will test our S2 and provide our update again.
Trade active:
As of 5 Feb, we are just $200 above our forecasted S2. The near-term downward bias continues. We will continue tracking this counter and provide a further update on this.
Trade active:
I just got an alert that S2 has been achieved. Will BTCUSD really go to S3? Let's see.