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%...
GOOGL reported good earnings and has no reason for stock prices to decrease any further. Based on recent trends, it should continue rising in a similar manner (as shown). As such, it will most probably continue rising past the resistance line drawn.
Possible change in trend since support has been reached, with a potential breakout once resistance is reached followed by a steady bullish trend.
Indicators moving in opposite direction to price, indicating a possible pullback based on previous behaviour. Momentum decreasing as price moves towards ATH. Predicted movement drawn in black.
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...
Carefully adjusted fibchannel and timefibs. Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments) 0.618 - 0.764 time fibs mark a potential breakout area. Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways. So moon rally likely to start in august.
2H Chart: Today, I'll be observing this pair and waiting to see which direction she wants to go. Looking at the BoE fundamentals I see nothing promising to show a increase in the pair, minus USD. If I see USDJPY hit 101.6 I'll be shorting this to 101.8
1D Chart: After a few recent developments in the Crypto currency, I believe we will see a lot more action heading towards the new support BTC needs. here as you can tell i'm speculating about the same time-spam that we saw starting on May 15th ending around June 10th. I believe we will find a new support around 630 by mid July and plausibly seeing a stretch to 760...
4H Chart: of BTCUSD - here I believe we'll see steady dip down to 574 and back up to 584 in the next 2-4 hours. Once we see it nearing 600 expect a few whales to execute some sell positions. any 15-25 BTC sell orders are good indicators to a possible break.
Here's a possible prediction based on levels, liquidity and seasonal timing. I want to see some breakout buyers come in, then prices falling quickly to take their stops with huge volume spikes on Pin bars in the buy zone.
*** See the first comment below for full snapshot. For some reason, the chart didn't publish properly **** I see a flurry of price predictions being published daily. Some are logical, some are "hope we go to moon" types. Here's my crazy 2cents, I will let you decide which category this belongs to. :) I noticed that that the run up fibs from ~7 to 259 bounced off...
As everyone knows, except for in the most cataclysmic of circumstances, long-term trend signal always trumps short-term fluctuations, in a stochastic dynamical system. If that rule is being violated, the reasons are likely psychosomatic. •Empirically, there has been an exponential, global, lower bound of support buffeting Bitcoin's long-term uptrend against...