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Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 145. (Read 540250 times)

LZ
legendary
Activity: 1722
Merit: 1072
P2P Cryptocurrency
Okay. For example: sellers may take 80-86 bid orders and try to buy at 80,
buyers may take 88-90 ask orders and try to sell at 90. But it will work only
if buyers and sellers will be active together. Or maybe I am not farsighted...

Ideas?
legendary
Activity: 2100
Merit: 1000
Hi lzsaver, can you explain a bit more? I am not sure I understand.
LZ
legendary
Activity: 1722
Merit: 1072
P2P Cryptocurrency
So many buyers... And where are sellers? This is an excellent platform for trading in the range 70/80-90/95. Smiley
legendary
Activity: 2100
Merit: 1000
legendary
Activity: 2100
Merit: 1000
LZ
legendary
Activity: 1722
Merit: 1072
P2P Cryptocurrency
legendary
Activity: 2100
Merit: 1000
A rare fundamental addition from my p.o.v: The bitcoin economy needs new investors to support the next rally. Otherwise, there is a risk for negative investment sentiment which could harm the overall bitcoin economy. We already see less mining and investor interest.


As promised here is tonight's bitcoin technical update. As some of you might have realized, I have moved to a Monday & Thursday rhythm for the technical analysis. In case the market starts again to be more dynamic and I get some of your support via donations, I might move to a shorter rhythm again.

http://www.forexfactory.com/showthread.php?p=4470542#post4470542

I post updates in the forexfactory to keep interest up and as the mtgox blog is not active any more since ownership changed.

legendary
Activity: 2100
Merit: 1000
legendary
Activity: 2100
Merit: 1000
Just realized we crossed the 10,000 viewer mark of this Bitcoin Technical Analysis thread.

Thanks to all of you for reading. I will be trying to keep it useful for you.
legendary
Activity: 2100
Merit: 1000
As promised here is tonight's bitcoin technical update. As some of you might have realized, I have moved to a Monday & Thursday rhythm for the technical analysis. In case the market starts again to be more dynamic and I get some of your support via donations, I might move to a shorter rhythm again.


http://www.forexfactory.com/showthread.php?p=4462083#post4462083
legendary
Activity: 2100
Merit: 1000
Hi Everyone,

and especially hi and thanks to all who have been donating!

Over the past 2-3 weeks, donations have declined from a good level to almost 0. I still want to continue the BTC analysis, but need to move to a less frequent update (2x per week), as otherwise I can't support it any more.

I will see how it develops and depending on feedback, keep 2x / week or ultimately move to a different system.

Your S3052
legendary
Activity: 2100
Merit: 1000
Hi Everyone,

not a lot of trading going on,  no changes to the outlook.

Your S3052
legendary
Activity: 2100
Merit: 1000


Analysis

1. Longterm outlook:

BTC/USD continues to be BULLISH longterm, as long as the 0.4-0.5 $  area holds (strong longterm horizontal and trendline resistance).




2. Short term update

The most probable scenario is a break above 0.95 $ as the kick off to a further BTC/USD rally.

Short term, we see the following key levels:

a) Resistance:

* 0.95 $: Downsloping trendline from the 1.1 $ all-time-high.

* 1.0 $: Round number resistance

* 1.1 $: All time high

b) Support

*0.8 $: Strong support: 1) lower Bollinger band, 2) horizontal support.



Next update: Friday, 4th.

Your S3052

legendary
Activity: 2100
Merit: 1000


Last update said: "The TREND is DOWN for BTC/USD towards 0.8$, and potentially deeper. (no change vs. last updates, the forecast is on track)"

Prices indeed continued down and went down to 0.85 $. However, BTC/USD did not go down as deep as 0.8 $.

Afterwards, prices caught a bid by one big 16k $ order and is now close to the upper trendline.
If this trend (0.975 $) broken, a rise to 1.0 $ is likely.

As said before, a strong rise above the 1.0 - 1.1 $ area brings the bull back into the lead.



Next Full Update Wednesday, March 3rd.



Your S3052
legendary
Activity: 2100
Merit: 1000
And again, it is Monday and I have reset the market sentiment poll.


Up?
Same as now?
Down?
I don't know?

click on the poll above

Please VOTE
legendary
Activity: 2100
Merit: 1000


The TREND is DOWN for BTC/USD towards 0.8$, and potentially deeper. (no change vs. last updates, the forecast is on track)


Only a strong rise above the 1.0 - 1.1 $ area brings the bull back into the lead.


Your S3052
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