There will be volume, and a price. Because.
Okay, volume is going to be around 125K, and pricing will stagnate. Then, on Friday the volume will pick up slightly as people sell getting ready for the weekend, but others will anticipate this and buy. So price will drop a bit then go back to where it is.
Topic: BTC next 48 hours... what do you think the value will be? and why? (Read 986 times)
in my expert opinion, bitcoin will be koo koo bananas (repeat every 48 hrs)
I think since tuesday a lot more money has come into gox and they haven't bought the price up but they have kept it from falling. I think this means another surge to 130+
i'm still going to be cautious though
i'm still going to be cautious though
I'm just posting one chart, my conclusion is based on many different charts/indicators/time spans/data sets.
EMA indicates upward movement
Money Flow is neutral, leaning more towards positive buying pressure, however magnitude on a downtrend.
Volume on a downtrend
Red circle marks failure to breakout for reversal indicated by fractal analysis (it should also be said that the expected downtrend marked by second black that should have happened Tuesday also failed to reduce down to the expected strike, when it should have been ~100, it rarely went below 110). This is the strongest warning sign.
DC width indicates future downtread approaching
BC width indicates stability with lack of price movement which can be attributed to lack of activity, also a sign of bad health with regards to this commodity.
RSI is neutral, also not a good sign when EMA is on an upward trend.
Based on these indications and a couple other indications, I believe we are still due for a correction which should be coming soon. Expected direction in 48 hours is down.
I believe 1 BTC will be 1 BTC in 48 hours.
I'm no expert. But within 25 dollars of $100 either way. Up or down I mean.
I expect a downtrend, however, within 48 hours I think will be in this range maybe.
I expect a downtrend, however, within 48 hours I think will be in this range maybe.
it will be > $0
Expert input needed
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