Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 150. (Read 540250 times)
December 08, 2010, 05:15:14 PM
1
December 06, 2010, 06:36:15 PM
December 06, 2010, 04:38:32 PM
Doubtful. Most likely it is the result of the combination of the market effects of the QEII news wearing off, the ongoing base expansion of Bitcoin, and normal market fluctuations. Truth be told, no one can really say for certian until after the fact; which is also generally true with the stock markets. Those market pundits that get paid so much money to go on news shows to explain the twists of the markets are really just offering up an educated guess, but aren't going to display their own uncertainty, because outward confidence is what much of their own income is dependent upon. Elliot wave theory doesn't depend on causes, but simply makes predictions based on analysis of the market price movements.
Exaclty. This Elloitt wave principle, coupled with other technical analysis and sentiment measures proved to be successful for me over the past decade, in all the bull and bear markets.
December 06, 2010, 04:27:43 PM
Both events coincided with the fraud.
Better start to focus on the https://www.bitcoinmarket.com/ too, because as far as I know there is no newbies due to the closure of registration
Better start to focus on the https://www.bitcoinmarket.com/ too, because as far as I know there is no newbies due to the closure of registration
December 06, 2010, 04:26:27 PM
Any idea about the cause? Is it related to the remark of mtgox, that if they didn't have the dark pool, the price would be around $0.06?
Doubtful. Most likely it is the result of the combination of the market effects of the QEII news wearing off, the ongoing base expansion of Bitcoin, and normal market fluctuations. Truth be told, no one can really say for certian until after the fact; which is also generally true with the stock markets. Those market pundits that get paid so much money to go on news shows to explain the twists of the markets are really just offering up an educated guess, but aren't going to display their own uncertainty, because outward confidence is what much of their own income is dependent upon. Elliot wave theory doesn't depend on causes, but simply makes predictions based on analysis of the market price movements.
December 06, 2010, 03:50:03 PM
Mtgox comment came while the price has also reached 0.185, so no, it is not related to his comment.
It's just a logical consequences of less buying volume than selling volume. Unless this changes prices will not rally. And secondly, the market technicals (price direction, volume trends, technical indicators) are quite bearish. In those cases, traders and investors are typically not recommended to "cathc the falling knife".
This condition can persist quite some time, without finding fundamental reasons for it. It's herding....
Lastly, sentiment is still too bullish for a persistent rally, most people in this forum "talk the market up" which is not a good sign. (recall how people said at prices reaching 0.1 $ that the rally from 0.06 is too steep.. prices rallied much more (+500%) before reversing.
It's just a logical consequences of less buying volume than selling volume. Unless this changes prices will not rally. And secondly, the market technicals (price direction, volume trends, technical indicators) are quite bearish. In those cases, traders and investors are typically not recommended to "cathc the falling knife".
This condition can persist quite some time, without finding fundamental reasons for it. It's herding....
Lastly, sentiment is still too bullish for a persistent rally, most people in this forum "talk the market up" which is not a good sign. (recall how people said at prices reaching 0.1 $ that the rally from 0.06 is too steep.. prices rallied much more (+500%) before reversing.
December 06, 2010, 03:17:30 PM
Any idea about the cause? Is it related to the remark of mtgox, that if they didn't have the dark pool, the price would be around $0.06?
December 06, 2010, 03:56:31 AM
Typically in the technical analysis, "technically worse" means bearish and "technically better" means bullish. But I agree it can be misleading. Because for short sellers, DOWN means it is positive for them.
But I have corrected my wording to make sure it gets even more unbiased.
But I have corrected my wording to make sure it gets even more unbiased.
December 06, 2010, 03:39:43 AM
The technical situation is getting worse.
Worse for whom? For the early adopter aristocracy? I'm gonna cry my eyes out...
For us newcomers it's finally a chance to get hold of some bargain Bitcoins too.
December 06, 2010, 02:44:52 AM
break down below 0.20, currently at 0.185 $.
It is quite probable that we are in a sell off towards 0.10-0.11 $.
Sentiment is highly bullish which is a contrary indicator, confirming the direction is DOWN.
This development again confirms that investors should never become complacent and ignore that both , huge rallies and also crash type declines are always possible, with all investment vihicles, including bitcoins.
Full analysis tonight.
It is quite probable that we are in a sell off towards 0.10-0.11 $.
Sentiment is highly bullish which is a contrary indicator, confirming the direction is DOWN.
This development again confirms that investors should never become complacent and ignore that both , huge rallies and also crash type declines are always possible, with all investment vihicles, including bitcoins.
Full analysis tonight.
December 04, 2010, 11:25:54 AM
The technical situation is getting more bearish.
MACD and RSI point downwards (see attached charts)
There is still a risk for a deep sell-off towards 0.11-0.14 $.
MACD and RSI point downwards (see attached charts)
There is still a risk for a deep sell-off towards 0.11-0.14 $.
December 03, 2010, 03:54:11 PM
tonights update is very brief for two reasons:
first, I don't feel well and second, more importantly, because prices are still rangebound.
Unless buying volume rises massively, BTC/USD remains stuck between 0.24and 0.28.
it requires approx. 30,000 $ to take out resistance between 0.28 and 0.35/0.40.
who dares to add funds and buy???
first, I don't feel well and second, more importantly, because prices are still rangebound.
Unless buying volume rises massively, BTC/USD remains stuck between 0.24and 0.28.
it requires approx. 30,000 $ to take out resistance between 0.28 and 0.35/0.40.
who dares to add funds and buy???
December 02, 2010, 09:12:15 AM
The new funding option for Mt. Gox should influence prices in a positive direction. It is now much easier for people in the Euro-zone to get money into Mt. Gox, and buy bitcoins there.
New funding option? Did I miss something?
Add Euros
This process is done by bank transfer with minimal fees but is still manual. Send us an email.
December 02, 2010, 08:48:12 AM
I restarted the poll again to determine the "BITinvestor" sentiment again.
So please vote again!
So please vote again!
December 02, 2010, 08:16:23 AM
The new funding option for Mt. Gox should influence prices in a positive direction. It is now much easier for people in the Euro-zone to get money into Mt. Gox, and buy bitcoins there.
New funding option? Did I miss something?
December 02, 2010, 08:10:57 AM
to help make the past support lines clearer:
December 02, 2010, 04:58:57 AM
The new funding option for Mt. Gox should influence prices in a positive direction. It is now much easier for people in the Euro-zone to get money into Mt. Gox, and buy bitcoins there. The coins can then be transfered to BCM and sold for PPUSD there at a higher price, or sold in other markets. The price gap between PPUSD and LRUSD will lower, since european PayPal users can withdraw their PP funds to their bank account and buy more bitcoins at Mt. Gox for a low fee. This will ultimately push the price at Mt. Gox upwards, and access to bitcoins is getting easier for everyone.
December 01, 2010, 03:24:53 PM
November 30, 2010, 08:44:58 AM
November 30, 2010, 08:36:32 AM
I don't care about others, it is just funny to see panic at first hand.
Careful guys, he's with the Government.
:p
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