Robinerd

Robinerd Updated 

Price seems struggling at the current level around 10500 and since we had a big increase yesterday we might see a correction in the near-term. I think many analysts will predict this to trend down to new lows as many said previously. However, I think the correction will be short-lived and fomo will be big. Also keep your eyes open for any news about US bitcoin...

Robinerd Updated 

Lots of people seem to wait for a deeper correction before a "clean start" up. I think BTCUSD will go against the masses and surprise us with a sudden spike up to above $10k in the coming days or less. After that it's still possible to get a deeper correction, but we'll see.

Robinerd

This is a repost of a long-term channel I posted about in June, at My prediction was a bit off, but it seems that we're once again back in that channel. Depending on the market we have several upwards triangles on the weekly chart where price could break out, ending at 30 nov 2016, 20 feb 2017 and early june 2017, approximately. If none of these hold I'd concude...

Robinerd

Seeing that volumes are decreasing while prices are crawling along the lower edge of the shorter triangle makes me think we'll see a correction, down to the previous resistance around $700 which should now act as a first support level. If this drop is enough for new investors to buy the dip, we'll possibly enter a more long term triangle facing upwards. We could...

Robinerd Updated 

I believe we're in an upwards facing triangle in the shorter perspective. Although upwards triangles tend to break to the positive side, looking at the daily chart we're also at a big up-spike right now which could increase the chances for a correction downwards. Should the triangle be broken downwards with strong volumes, be cautious since it could be the start...

Robinerd Updated 

Just my guess on how things could evolve if the positive sentiment keeps on. If things proceed like this, another major upswing could begin at the end of the triangle.

Robinerd

If the current upward trend continues we may break-out from the channel. If so I'm guessing we'll have a strong correction from around the previous top at 680, down to somewhere in the middle of the channel I've drawn, which also happens to be a previously strong support/resistance level. After that we might climb up again if the positive sentiment stays. If not,...