noscopeprofit

noscopeprofit

We're too news-driven to properly predict prices. We're currently in an area of historical support/resistance, so barring further news I expect us to go sideways until at least the 13th. I feel like it will break down, below 760 where it will trade.

noscopeprofit

So we bounced off 0.5 instead of 0.618 like I predicted. Depending on movement in the next 3 hours, we'll either break out of the triangle upwards or continue the triangle downwards. I'm more towards the second as it would take major news to break the 650-570 resistance. I've set a buy order for 615 which coincides with a 0.5 retracement, and will (hopefully) sell...

noscopeprofit

I've highlighted 2 possibilities which I think are most likely to happen, and charted the first which would be my choice for the next 15 days. We just bounced off the 61.8% fib retracement, which coincides with very heavy resistance (it's been support/resistance for the past month), and barring any bad news, bitcoin is currently not likely to make new lows or even...

noscopeprofit

The daily log scale is what works for bitcoin. Everytime there's been a major run up, it goes back down eventually. The run up this time has been really fast, and the bull trap is very evident on this scale. I'm looking at 500 before March.

noscopeprofit

To me it's going to go down.