Enter YOUR assumptions and see what the price could be
http://techcrunch.com/2013/06/02/calculating-the-long-term-value-of-a-bitcoin/
Topic: Previous high $260 to be tested by Saturday ? (Read 2528 times)
Have some fun with this link if you have not seen it before
Enter YOUR assumptions and see what the price could be
http://techcrunch.com/2013/06/02/calculating-the-long-term-value-of-a-bitcoin/
Enter YOUR assumptions and see what the price could be
http://techcrunch.com/2013/06/02/calculating-the-long-term-value-of-a-bitcoin/
Ok so we got the new ATH which currently is showing 272.52. Tissues to all those that need them.
Last trade Mt gox as I post $260
Futures off the highs at $260 as well.
When futures and trades are approx the same this indicates reduction in price pressure so Consolidation or retracement SHORT TERM is the question to be answered.
How do we decide which is most likely?
a) Volumes
Big 3 137K China 135K so china volumes are flat while Big3 volumes have doubled since yesterday .Indicates consolidation /range bound prices in China..price pressure building in the rest of the world
b) pricing bid /ask
Big2 Bid 254-258 Btc-E 246 Ask 254-260.2 Btc-E 247.3
conclusion slight upward pressure range bound pricing Big 2 250-270
china Bid 262-265 Ask 263-266
Conclusion ..consolidation range bound 262-270
These refer to short term ( 2-4 days)
What about medium term 1-3 months +
Harder to evaluate but certainly will push upward eventually a possible (arguably ) indicator is elliot wave theory
zazuli has a chart posted yesterday at the bottom of this link that shows a possible $500 price by xmas
http://www.rugatu.com/questions/19230/elliott-wave-analysis-and-forecast-for-bitcoin-dollar-btcusd-price-history
Of all the wave charts out there these are the ones that most closely match my own and where I took a position last APRIL that long term by Oct 2014 I would have a price target of $400
This Chart was posted 8 days ago
https://www.tradingview.com/v/vIGjP5kR/
This was posted 22hours ago
https://www.tradingview.com/v/EGGBOeOJ/
Last trade Mt gox as I post $260
Futures off the highs at $260 as well.
When futures and trades are approx the same this indicates reduction in price pressure so Consolidation or retracement SHORT TERM is the question to be answered.
How do we decide which is most likely?
a) Volumes
Big 3 137K China 135K so china volumes are flat while Big3 volumes have doubled since yesterday .Indicates consolidation /range bound prices in China..price pressure building in the rest of the world
b) pricing bid /ask
Big2 Bid 254-258 Btc-E 246 Ask 254-260.2 Btc-E 247.3
conclusion slight upward pressure range bound pricing Big 2 250-270
china Bid 262-265 Ask 263-266
Conclusion ..consolidation range bound 262-270
These refer to short term ( 2-4 days)
What about medium term 1-3 months +
Harder to evaluate but certainly will push upward eventually a possible (arguably ) indicator is elliot wave theory
zazuli has a chart posted yesterday at the bottom of this link that shows a possible $500 price by xmas
http://www.rugatu.com/questions/19230/elliott-wave-analysis-and-forecast-for-bitcoin-dollar-btcusd-price-history
Of all the wave charts out there these are the ones that most closely match my own and where I took a position last APRIL that long term by Oct 2014 I would have a price target of $400
This Chart was posted 8 days ago
https://www.tradingview.com/v/vIGjP5kR/
This was posted 22hours ago
https://www.tradingview.com/v/EGGBOeOJ/
If only BTC ATHs gave me orgasms I'd have this week with a happy ending.
BTC ATHs don't give you orgasms?
If only BTC ATHs gave me orgasms I'd have this week with a happy ending.
here it comes
Mini-crash. Remains to be seen how mini.
I think we will test the ATH very soon. I hope we do get a bit of a sell off, and move back down and consolidate for a while (but staying above $200). Build a nice base just below $266 and let the pressure build for a while before we finally bust through, then just let it fly!
yah yah we all heard the same crap..... wish it dips so i can buy it lower then FLY!!!
Problem is everyone wishes the same thing so dips can never happen!
I don't have any money to buy more so it doesn't really matter to me if it dips. I just think we'll get a better rally if it at least consolidates for a while before we break $266.
The price is increasing so fast, usually indicate bubble is going to pop soon.
But ATH will be done today hopefully
But ATH will be done today hopefully
I think we will test the ATH very soon. I hope we do get a bit of a sell off, and move back down and consolidate for a while (but staying above $200). Build a nice base just below $266 and let the pressure build for a while before we finally bust through, then just let it fly!
yah yah we all heard the same crap..... wish it dips so i can buy it lower then FLY!!!
Problem is everyone wishes the same thing so dips can never happen!
I think we will test the ATH very soon. I hope we do get a bit of a sell off, and move back down and consolidate for a while (but staying above $200). Build a nice base just below $266 and let the pressure build for a while before we finally bust through, then just let it fly!
Volume high on all exchanges. All of that fiat flushed into the system over the last week is becoming eligible to purchase BTC. It should take at least a week before it slows down and corrects.
Normally I would agree totally. the big unknown which may alter that is how much promotion/exposure of bitcoin is ongoing in China. Not being able to understand the Mandarin sites leaves me guessing with the only indicators for me being monitoring futures and volume/price action in the chinese markets.
in other matters such as stock market HOT shares they seem to keep pushing and pushing the price ( more money than sense??) bitcoin could be affected in the same manner. We will soon know.
Thanks for the link. I hadn't seen that site before.
The volume on the Chinese exchanges is frightening. 130k in all versus only 70k for the Big Three.
Volume high on all exchanges. All of that fiat flushed into the system over the last week is becoming eligible to purchase BTC. It should take at least a week before it slows down and corrects.
Normally I would agree totally. the big unknown which may alter that is how much promotion/exposure of bitcoin is ongoing in China. Not being able to understand the Mandarin sites leaves me guessing with the only indicators for me being monitoring futures and volume/price action in the chinese markets.
in other matters such as stock market HOT shares they seem to keep pushing and pushing the price ( more money than sense??) bitcoin could be affected in the same manner. We will soon know.
How about today?
Today as we post
Mt gox high $250 current bid ask is 244.01/ 245.06
BTCChina High $248.86 bid/ask is 244.32/244.79
Futures
High $256.89 Bid ask 245.5/ 259.5 ( TOP and Bottom)
current 255.99
$300 today or even by Saturday most unlikely
Today, before you posted, we hit $257 on gox.
Just checked mt gox. you are correct..showing high of $257.594..weighted average 242.415 last trade 251.076
i refreshed the http://btckan.com/price site where I got my original data and it now has caught up and shows mtgox high$257.595
Things just move Sooooooooooooooooooo Fast
Volume high on all exchanges. All of that fiat flushed into the system over the last week is becoming eligible to purchase BTC. It should take at least a week before it slows down and corrects.
How about $300 today?
I would like to see this but there is a problem with day traders who thinks, that if they won't dump now then someone else will do this and here we go back again at $200 ...
How about today?
Today as we post
Mt gox high $250 current bid ask is 244.01/ 245.06
BTCChina High $248.86 bid/ask is 244.32/244.79
Futures
High $256.89 Bid ask 245.5/ 259.5 ( TOP and Bottom)
current 255.99
$300 today or even by Saturday most unlikely
Today, before you posted, we hit $257 on gox.
How about today?
Today as we post
Mt gox high $250 current bid ask is 244.01/ 245.06
BTCChina High $248.86 bid/ask is 244.32/244.79
Futures
High $256.89 Bid ask 245.5/ 259.5 ( TOP and Bottom)
current 255.99
$300 today or even by Saturday most unlikely
How about $300 today?
How about today?
Probably within the next hour at the rate we're going.
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