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Topic: BTC to $304-$377 by mid/late January - page 2. (Read 2853 times)
It's a possible scenario, the price bounced off the 100-day MA yesterday, but if it's a major correction, like the one we had in April-July, the price could go close to the 200-day MA, which will be around $300 in January.
I don't completely agree with your Low; but your trend description looks accurate...
thanks. the 304-377 low is assuming there's a Fib retracement.
if it breaks through the 1yr .764 point, then i'd say it's likely to hit a 150-200 low sometime in February.
i did this quick, but something like this:
https://www.tradingview.com/x/q7vfgA36/
eggran, good analysis overall, but I think it's more likely that we'll bounce around in a narrow trading range of $400 to $700 for the next few months. I don't see another huge downward move in the near future, since I think the bad news from China is already priced in by now.
To save completely new investors a lot of potential heartache and bitterness, this is a good demonstration of Bitcoin's price evolution.
But deep down I think a little conservative.
But deep down I think a little conservative.
I don't completely agree with your Low; but your trend description looks accurate...
Technical analysis in cryptocurrencies is worthless, it is a very young market with a great space for manipulation, e. g. now you need "only" 1000 BTC to market 10% which is a lot. When you look at the last bubble and examine its lows after burst thoroughly you will see that those 420-450 from yesterday is a total low for a long time. If BTC succeeds you will probably nevery see those prices again
All I know for sure is that the instant it hits $150 per coin I'll convert every USD I can find into BTC.
If it doesn't get that low I'll use a more conservative investment strategy because I believe the potential market price cap on BTC is non-existent.
If it doesn't get that low I'll use a more conservative investment strategy because I believe the potential market price cap on BTC is non-existent.
If tomorrow China removes the ban of bitcoin then the price will reach back 1250 in a day or two.
Childish technical analysis don't apply to bitcoin especially if you dont take in account the actual events that shaped the price so far.
Childish technical analysis don't apply to bitcoin especially if you dont take in account the actual events that shaped the price so far.
see what i mean eggran about ppl on here being totally clueless? anyone who thinks technical analysis is "childish" is an idiot. and anyone who thinks china will remove the btc ban tomorrow is even more of an idiot.
bahaha! point taken
A general understanding of technical analysis and Fundamental analysis is never a bad thing. A good trader will trade using the sum of both. Sometimes just using your gut feeling is all that is needed too.
I think BitCoin will fall a little bit harder and bounce a little bit higher. BitCoin is at a stage where "any media coverage is good media coverage."
Most of those already involved with the BitCoin market understand the risk and probably have a "buy" price in mind right now... Everybody else is just waiting for the first sign of a trend reversal to flood the market once again.
Most of those already involved with the BitCoin market understand the risk and probably have a "buy" price in mind right now... Everybody else is just waiting for the first sign of a trend reversal to flood the market once again.
If tomorrow China removes the ban of bitcoin then the price will reach back 1250 in a day or two.
Childish technical analysis don't apply to bitcoin especially if you dont take in account the actual events that shaped the price so far.
Childish technical analysis don't apply to bitcoin especially if you dont take in account the actual events that shaped the price so far.
see what i mean eggran about ppl on here being totally clueless? anyone who thinks technical analysis is "childish" is an idiot. and anyone who thinks china will remove the btc ban tomorrow is even more of an idiot.
If tomorrow China removes the ban of bitcoin then the price will reach back 1250 in a day or two.
Childish technical analysis don't apply to bitcoin especially if you dont take in account the actual events that shaped the price so far.
Childish technical analysis don't apply to bitcoin especially if you dont take in account the actual events that shaped the price so far.
i'm well aware of the events and i'd hardly call technical analysis childish. explore the speculation forum and you'll see others with similar ideas..
eggran, don't waste your time posting stuff re fibonacci retracements and technical analysis on here. 99% of the ppl on here are totally clueless just guessing when it comes to entry and exit points for their btc buys and sells. totally trading on emotion.
this is true, however i'm trying to break noob status and at the same time appeal to those users that are actually engaged in TA.
i think though in any market, there's always a percentage of traders that make moves based on emotion, so there is legitimacy to exploring TA, PenAndPaper.
This might be an educated guess.
However, the market is just too unpredictable.
However, the market is just too unpredictable.
I don't know much about those graphs but it looks pretty well constructed.
If tomorrow China removes the ban of bitcoin then the price will reach back 1250 in a day or two.
Childish technical analysis don't apply to bitcoin especially if you dont take in account the actual events that shaped the price so far.
Childish technical analysis don't apply to bitcoin especially if you dont take in account the actual events that shaped the price so far.
eggran, don't waste your time posting stuff re fibonacci retracements and technical analysis on here. 99% of the ppl on here are totally clueless just guessing when it comes to entry and exit points for their btc buys and sells. totally trading on emotion.
Gimme some good critique!
I dont understand this stuff well, but I dont believe in graphs without triangles
Ha!… i can't tell whether you're serious..
Let's see if i can draw some triangles...
Gimme some good critique!
I dont understand this stuff well, but I dont believe in graphs without triangles
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