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Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 147. (Read 540250 times)

legendary
Activity: 2100
Merit: 1000
**** Quick Alert ****
BTC/USD Prices have again broken 1$ and the overall picture looks very bullish.
We may be just ahead of another significant rally, now that parity is cleared again after some consolidation over the past few days.
legendary
Activity: 2100
Merit: 1000
sr. member
Activity: 292
Merit: 250
Apparently I inspired this image.
Based on logscale trendline analysis (see Monday's log scale chart), next big targets are in the 1.5$ to 1.7$ range, which is significant more upside (almost another 100%).

I agree that the recent consolidation is bullish, but there are 38,000 BTC in sell orders on Mt. Gox (not including dark pools) separating us from USD 1.5.  Where will all the demand come from to overtake this?  Or will the sell orders be withdrawn and re-entered at a higher price once traders get whiff of another rally?

I'm no expert, but it could happen if (a) the growing interest I'm seeing on twitter, etc continues and (b) sell orders also move up as you suggest.
hero member
Activity: 726
Merit: 500
Based on logscale trendline analysis (see Monday's log scale chart), next big targets are in the 1.5$ to 1.7$ range, which is significant more upside (almost another 100%).

I agree that the recent consolidation is bullish, but there are 38,000 BTC in sell orders on Mt. Gox (not including dark pools) separating us from USD 1.5.  Where will all the demand come from to overtake this?  Or will the sell orders be withdrawn and re-entered at a higher price once traders get whiff of another rally?
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 again!
legendary
Activity: 2100
Merit: 1000
legendary
Activity: 2100
Merit: 1000
legendary
Activity: 2100
Merit: 1000
donator
Activity: 826
Merit: 1060
...In case sth materially changes...

Heh, while you were composing that, it materially changed!
legendary
Activity: 2100
Merit: 1000
legendary
Activity: 2100
Merit: 1000
Let see what the current sentiment is:

I have reset the poll again. So, folks, tell us what you think: Up, same or down?
legendary
Activity: 1386
Merit: 1097
What is next?

Correction. Price is almost at 0.5, so many people begin to withdraw their bitcoins because they don't believe it will cross over 0.5 easily. Same situation as you highlighted @ 0.3 level...
legendary
Activity: 2100
Merit: 1000
The most likely outlook from a charting view is a continued rally .
once 0.5-0.51 is broken substantially to the upside, the rally may accelerate towards 1$
LZ
legendary
Activity: 1722
Merit: 1072
P2P Cryptocurrency
legendary
Activity: 2100
Merit: 1000
I posted this also in a new thread:
In our efforts to grow the bitcoin idea, it would be useful to show laymen that Bitcoins are the best investment vs. most other financial instruments.
To show that effectively, comparative charts of BTC / USD vs. Gold, Silver, DJI, other commodities would  be brilliant.

Who has the technical capability to add this into some existing bitcoincharts sites?

thanks for leting me know.

I would like to add this perspective ideally regularly into my Bitcoin Analyses.
legendary
Activity: 2100
Merit: 1000
corrected.
The link works now.

And in the meanwhile, prices already fulfilled the shortterm forecast , reaching 0.445
sr. member
Activity: 322
Merit: 250
Do The Evolution
Hey the link is broken. Thanks for the update. Cheesy
legendary
Activity: 2100
Merit: 1000
legendary
Activity: 2100
Merit: 1000
legendary
Activity: 2100
Merit: 1000
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