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 - crash below $600 or finally make a breakout and go above $700 US Dollar.
Here are my thoughts how a breakout might look like, if Bitcoin bounces of $600 and then resumes the uptrend in October, November (Q4 2014).
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...
Facebook will rally before earnings possibly to the $68-69 range before earnings and will add another 10% after the earnings, taking out the lifetime high and will hit $75+ before September 2014.
Based on the last 3-4 Bitcoin price spikes, the next one is coming very soon, around August/September of 2014.
The price also appears that it will reach above $5,000 with the next spike, possibly as high as $6,500. After that it will sharply decline in correction as historically has always happened after each spikes. But it will settle to a new high, possible...
Based on the last 3-4 Bitcoin price spikes, the next one is coming very soon, around August/September of 2014.
Note: For some reason the top of the purple parallel lines is way too high. It should be touching the top of each spike. I am new to tradingview graph tools and I couldn't seem to make it remember my setting for some reason. The bottom of the purple box...
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.
This isn't a forecast, it's more of a study I will be able to refer back to in the future. It's a combination of golden ratio spirals, fibonacci retracements and multiple pitchfans on a Bitcoin chart from Winter 2013 until the Summer of the year 2015.
In 4H Chart, we see formed bearish butterfly pattern (RED one) and in the other hand, we still waiting for the formation bullish cypher pattern.. if we look at 15m, we can see bullish crab formation confirmation around 101.920.. so in my opinion, if the price go down , it will go down to 101.920 then we will see bull action will hit my 1st tgt (i will post my 15m...
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.
Buyers came in on the volume spike at "support" , then institutions drove prices below all retail support so they could buy at lower prices. This is the nature of silver before it rallies
![BTCUSD: [ SIDEWAYS ] - Fibchannel + Timefibs](https://s3.tradingview.com/j/JxbyuYhA_mid.png "[ SIDEWAYS ] - Fibchannel + Timefibs")
