Final Destination: Bottomless Pit Let´s be honest, the fundamentals are just too bad and rejection after just breaking up super weak. My bets are on Ether here...
The daily as well as the strong support in 2050-2100 area provide strong indication. Sidelining until a decision, which will most likely be depending on the question if bitcoin (chart in comments) can breakup.
Short on medium term, long on long term. ime will tell! What do you think?
I think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( ...
...doesn´t see a proper pump here any time soonish now, it´s over. Will the ponzi continue or finally meet its destiny?
Last time i saw a set up but it doesnt triger , lets see if this Set Up Breaks out nicely
BTCEUR Seems like we are in the mittel of the Range
A triangle is a well known pattern. More often than not it is a continuation pattern which would seem logical in this case. Falling volume while nearing the apex confirms. Fundamentals would also justify a bullish position, turmoil on the currency markets isn't over yet (look at Brazilian Real for example) and leads people towards Bitcoin.
XBTEUR at Kraken down - compared to BTCCNY Thank you Draghi
This chart presents trend signals for 8 Bitcoin exchanges, using the daily chart. If price were to move to the entries on chart before the daily close, it'll be a very high probability trade, considering the recent failure to move up, more than once, and the increased volume present on the profile distribution. Good luck if taking any of these trades, and remember...
If we exclude the 10,000 BTC stop run on Bitfinex and use a floor of $220, a cup formation becomes evident. After recently going parabolic, a healthy pullback of 1/3 the depth of the cup would set us up for a C&H continuation pattern. Now if the pattern resolves bullishly, a target of $375 is achievable. Good luck and happy trading!