BTC-e 11 April' s Prediction There is very strong support at 310 level. After the fall from 589 (26
Mar 2014) to 342 level (today), the worst seems to be over now.
Market is likely to regain 550 level in next 20-25 days.
14 April' s Prediction After 1000 hrs, market should be above 408 level, otherwise can fall to
380 level. With the current conditions, its most likely that, BTC sees an
upper breakout to 435 level, around 2100 hrs, if 418 resistance is broken.
14-15 April 's AnalysisMarket largely remained above 408 level, and had an upper breakout as predicted on 14 April. Market moved, upto 545 level (within +/- 0.9 % of the value predicted on 11 April 2014) -------------------------------------------------------------
Bitstamp 12 April 's Prediction 450-460 band is acting as resistance now. Market must break this
resistance band before, 0000 hrs 14 April, to move up to following
resistance levels -
1. 1st Resistance Level – 480
2. 2nd Resistance Level - 520
14-15 April 's AnalysisMarket remained bullish on 14 April, and went to 1st resistance level of 480, which worked on 14 April. Around 2200 hrs, 15 April 2nd resistance level of 520 was also achieved. High – 548 (0800 hrs, 16 April)
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BTC-e 13 April' s Prediction There is a chance of falling down to 391 level.
13 April 's AnalysisBTC fell to 382.4 (within +/- 2.23 % of yesterday's predicted value) level (1700 hrs). Day High – 411 (2000 hrs) -------------------------------------------------------------
Bitstamp 13 April 's Prediction With the current short-term bearish trend, it can fall to 395 level.
13 April 's AnalysisBTC fell to 397.16 (within +/- 0.55 % of yesterday's predicted value) level (1630 hrs). Day High – 418.2 (2330 hrs)
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BTC-e 12 April 's AnalysisBTC traded absolutely flat, after 0900 hrs. Moving between 408 to 425 range. Day High – 440 (0400 hrs) -------------------------------------------------------------
Bitstamp 12 April 's AnalysisBTC traded absolutely flat, after 0530 hrs. Moving between 413 to 429 range. Day High – 439.5 (0430 hrs)
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Every four years a miner needs to exert double the virtual effort to create the same amount of coins, which means he'll be constantly demanding higher prices to compensate for his costs. Which also means that bitcoins won't generally be spendable. Why? Because only an idiot spends a currency which he is certain its price will double within 4 years, effectively granting him about 19% real annual interest--significantly better than any bank or mutual fund.
Great! I hear you say, free money for everyone, right?
Wrong.
Just as it's futile to create and distribute free extra coins to anyone already owning them "to make everyone richer", built-in deflation won't be helping anyone on the long term. That free money will encourage people to hoard BTCs forever or until another wishful investor buys them, fueling speculation and price bubbles. Bitcoin will ultimately be regarded as a phony investment with no real value, just like the good ol' Pyramid (Ponzi) Scheme where everyone purchases a ticket just to sell it to someone else later for a high profit until the whole system collapses when it runs out of new victims.
Every word of this 4-year old post is holding true and if nothing changes, bitcoin faces the danger of the conclusion of this post.
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BTC-e 11 April' s Prediction After the fall from 589 (26 Mar 2014) to 342 level (today),
the worst seems to be over now. Market is likely to move
up now.
Long term Signal Buy Stop signal - open price : 367 - Take profit : 409 expiry - 24 April 2014 UTC
11 April 's AnalysisBTC achieved 409 level, as predicted in yesterday's signal. Day High – 435 (1900 hrs) 11.44 % profit in yesterday's signal !!-------------------------------------------------------------
Bitstamp 11 April 's Prediction Strong resistance is present at 370 level, breaking it could lead to 405 level.
Long term Trading Signal Buy Stop signal - open price : 360 - Take profit : 432 expiry - 5 May 2014
11 April 's AnalysisBTC broke 370 resistance and, went to up, to 432 level(1230 hrs,11 April), exactly as predicted yesterday.Heavy buying has happened, just as anticipated. 20 % profit in yesterday's signal !!
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Wait. how many hours before the crash have you predicted it?
22 hours before the crash
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BTC-e 10 April' s Prediction If the current trend continues, then market can reach lower levels.
10-11 April 's AnalysisMarket reached 342.8 (2300 hrs, 11 April). BTC moved within +/- 6.06 % to the given undisclosed target. -------------------------------------------------------------
Bitstamp 10 April 's Prediction If the current trend prevails, then, it would lead to 352 level.
10-11 April 's AnalysisThere was a huge fall of 17.9 % from 414 to 339 level. Market went down to 339.8 level (within +/- 3.46 % of the predicted value yesterday, and achieved yesterday's target)
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BTC-e 7 April' s Prediction Bearish sentiment could take bitcoin to previous low of 410 level.
But, if market holds the current level of 454, after 1400 hrs, then,
movement till 489 level is possible.
8-10 April 's AnalysisMarket came below 444 support level, and fell to 402.7 level (0800 hrs 10 April). Target of 410, predicted on 7 April 2014, was achieved. -------------------------------------------------------------
Bitstamp 5 April 's Prediction With the small recovery from 417 to current level of 445, market
is trying to break the bearish trend for the 2nd time(First attempt
was on 1 March, by going till 510 level). To continue this uppish
trend market should break 460 level, after 0400 hrs, 7 April 2014.
Current market confidence is comparable to 400 USD level on
25 Feb 2014.
8-10 April 's AnalysisBreaking 446 barrier lead the market, to plunge to 400 level (exactly as indicated on 5 April’s prediction)
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How about this:
We break 465 in 72 hours. 430 will hold.
Bitcoin need just one big news to go to 600 level, its been really strange, how it has been held in the current range of 400.
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BTC-e 7 April' s Prediction Bearish sentiment could take bitcoin to low levels. But, if
market holds the current level of 455, after 1400 hrs, then,
bullish movement is possible
7 April 's AnalysisMarket largely stayed below the resistance of 455 level, and went down to 438 level. Market has been very stable (High - 462 & Low – 438). -------------------------------------------------------------
Bitstamp 7 April 's Prediction Market stand on a very shallow support, downward movement to
lower levels is easily possible.
7 April 's Analysis463 resistance worked , market moved in a very small range of 446 to 461. Day Low – 446 (1600 hrs)
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BTC-e 6 April' s Prediction Moving above 475 level can take it to higher levels.
6 April 's AnalysisMarket moved to 471.2 level, but did not reached 475 level, and went down to 450 level. -------------------------------------------------------------
Bitstamp 6 April 's Prediction Resistance at 463 level is very strong.
6 April 's Analysis463 resistance worked very well, market moved in a very small range of 446 to 465. Day Low – 446.5 (1600 hrs).
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BTC-e 5 April' s Prediction Market must break 454.5 level after 1430 hrs today, to move
up-to 470 level.
5 April 's AnalysisMarket crossed 454.5 level and went to 470 level, exactly as predicted as yesterday. -------------------------------------------------------------
Bitstamp 5 April 's Prediction Resistance has come down now to 461 level. If market
could not cross it, then fall could to lower levels.
5 April 's AnalysisMarket has reached 460 level as given in yesterday’s signal.
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BTC-e 30 March' s Prediction Decrease in positive volume is constantly continuing since 18 March.
Further continuation of this trend would lead to 430 level, before 3 Apr
2014.
2-4 April 's AnalysisMarket went to 498.5 at 1000 hrs, 2 April, and fell to 410 level (0600 hrs, 3 April). Market achieved the target of 430, predicted on 22 March 2014. Its been stable since 1600 hrs, yesterday moving in small band of 440 to 450. -------------------------------------------------------------
Bitstamp 30 March' s Prediction Market had missed first chance to be stable, so further downfall
is indicated since 2000 hrs 28 March. Falling below 466 level can
lead to 419 level.
2-4 April 's AnalysisMarket fell 15.6 % from 494 to 417 within 18 hours (from 1200 hrs, 2 April to 0600 hrs, 3 April 2014). BTC fell below 466 level, and went to 417 level (within +/- 0.48 % of the predicted value on 30 March 2014). Bitcoin has been stable around 440 to 450 level, for the last 12 hours.
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BTC-e 1 April' s Prediction Resistance has come down now to 465 level. BTC may
be still in the bearish trend for long term, and is touching
new lows everyday.
1 April 's AnalysisOn crossing 465 level, market jumped to 500 psychological level in just 3 hrs(around 0600 to 0900 hrs UTC) -------------------------------------------------------------
Bitstamp 1 April 's Prediction Resistance has come down now to 461 level. If market
could not cross it, then fall could to lower levels.
1 April 's AnalysisAround 0600 hrs resistance 461 was broken, and market jumped 459 to 510 in just 3 hrs (exactly as predicted on 31 March). 31 March 2014 - PredictionDownward trend is continuing, although, market can go till 510 level.
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BTC-e 31 March' s Prediction There have been short-rise from 461 to 486 level,
but it seems like market is in hurry to reach lower
levels, as predicted before.
31 March 's AnalysisMarket went down till 446 level around 0700 hrs. Day High – 486.5 USD (0200 hrs) -------------------------------------------------------------
Bitstamp 31 March' s Prediction Downward trend is continuing, although, market can
go till 500 level.
31 March 's AnalysisMarket went up to 469 level, but could not cross it. Day Low – 438 USD (0600 hrs)
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BTC-e 30 March' s Prediction Decrease in positive volume is constantly continuing since 18 March.
500 level will act as heavy resistance.
30 March 's AnalysisMarket is continuing its journey on the downward incline and went down to 450 level (1600 hrs). -------------------------------------------------------------
Bitstamp 30 March' s Prediction Market had missed first chance to be stable, so further downfall is
indicated. Falling below 465 level can lead to lower levels.
30 March 's AnalysisMarket went below 466 level, and fell to 436 (within +/- 4 % of the predicted value). Day Low – 436 USD (1600 hrs)
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BTC-e 29 March' s Prediction Price movement above 510 level, can lead to higher levels.
29 March 's AnalysisMarket could not cross 510 level, and went down to 485 level. Day High : 506.9 USD (0500 hrs UTC) -------------------------------------------------------------
Bitstamp 29 March' s Prediction Today, breaking up 507 could lead to higher levels, this could
happen around 1000 to 1200 hrs.
29 March 's AnalysisBetween 1000 to 1200 hrs, bitcoin went to 506.4, but cloud not cross 507 level (as predicted yesterday), and fell to 480.
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