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I think there is a little more to bitcoin than you have suggested. There is so much money being invested into the bitcoin market at the moment. Take the Coinbase $75m capital raise for example. http://www.wsj.com/articles/coinbase-raises-75-million-in-funding-round-1421762403 Yes there have been a few setbacks though the positives far outweigh the negatives. Stripe are now accepting bitcoin and there has been 100% user adoption growth year on year with Blochchain reporting its 3 millions bitcoin wallet. |
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We think the bitcoin price has taken a slight hit this week as a result of the bitcoins that were stolen from Evolution Marketplace customers last week. The price however seems to be picked up.
March 26th Bitcoin Trading session
We predicted the bitcoin price would test 240 as its strong support level. The aforementioned level had previously incited a strong bullish rally and therefore was hinting as a reliable downside risk after the previous upside correction towards 250. We also feared that that the bitcoin value was extending its downward momentum and retesting the presumed bottom near 236. The latter however didn’t happen, thanks to favorable buying pressure near the 240-242 area that helped stage a wonderful recovery.
The Bitcoin price unexpectedly broke out from the bearish range towards 236 and started to move upwards, setting its resistance break just near 248. The market started to move and the price managed to pass above the psychological upside risk near 250, forming a daily high near 252.
At press time, the bitcoin price is hinting to extend its bullish correction, and is hoping to retest 258 as its next upside target.
What to Expect Today?
As you can see in the chart above, the bitcoin price is trending below the 50H SMA, while the RSI has just crossed above 50 to establish a neutral scenario. Meanwhile, the MACD blue curve has also moved right above the saffron signal curve, though is currently situated in a negative territory. The technical indicators indicate a near-term bullish scenario, waiting to be shaken by a single large sell-off.
As price holds itself above the 250 support level, we can expect a smoother ride towards the initial upside target of 258, or a value just shy of it. We therefore recommend our readers place their long positions just below the aforementioned level (you can also wait for a better entry point in case smaller corrections appear, though make sure the entry point remains above 251).
If the price attempts a reversal from the current channel, price is expected to retest the 240-242 area once again. Setting your stop loss near 245 will ensure a timely exit with a nice risk reward.
Conclusion (On Daily Charts)
Current Mood: Bearish
Moving Averages: Neutral (6 Buy 6 Sell)
Technical Indicators: Strong Sell (1 Buy 7 Sell 3 Neutral)
Where do you think the price will be at the end of March?
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In my previous analysis, I predicted the bitcoin price would try establishing new higher high towards the psychological upside risk near 300. This proved to be correct as the price shot up to the lower 290s, while testing the highs near 303. The wild optimism inside the bitcoin market is invoked by a series of good events that has taken place over the last few weeks. Wall Street investors are speculated to be quietly buying bitcoins and the media seems to be supporting the market – great news for bitcoin. Read on for today’s bitcoin price analysis. March 10th Bitcoin Trading Session The BTC/USD opened at 296, right inside the overbought area awaiting corrections. There was little pullback possibly due to traders exiting the market to cover near-term gains. The bull-run however continued to extend while targeting 300 as its next upside risk. The price neatly attempted to cross above the 300-level in between the 8th and 12th hour, marking a higher high near 303. The volatility meanwhile adjusted to strong buying momentum, creating new buying thresholds and indicating a further extended bull-run for near term. What to Expect Today? The 4H Bitfinex chart illustrates the technical indicators pointing towards a strong bullish scenario. The price is clearly above the 50-, 100- and 200-H MA, while the RSI is floating near the overbought threshold at 70. At the same time, you can notice the MACD blue curve flying inside the positive territory, while staying notably above the saffrons signal curve. Once again, the near-term bullish dynamics are sighting 300 as its next pullback point. The aforementioned higher highs have been corrected today and are expected to hold the price from entering an even stronger bearish bias. If this occurs, a similar pullback will be expected at the forthcoming upside risks. However, a pullback will not disturb the prevailing bullish bias as the price will test 294 as its new support, with a downside risk near 287. This area will be good enough to enter the market, while awaiting an upside move towards 296, the initial upside target. A stop loss around 290 will ensure a timely exit. Conclusion (On Daily Charts) Current Mood: Strong Bullish Moving Averages: Strong Buy (12 Buy 0 Sell) Technical Indicators: Strong Buy (9 Buy 0 Sell 2 Neutral) Trade bitcoins using Kimba as the invitation code at www.coinarch.com and receive free brokerage for 7 days. |
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No yet... 300$ are comming but we must wait
It's so close, touching 295 in the last 24 hours. Not sure if you are interested in trading though if you are visit www.coinarch.com and use Kimba as the invite code for free brokerage for 7 days. |
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WHO KNOWS ??
MAYBE? MAYBE NOT?
ALL DEPENDS OF THE TRADING ...
That's why this post is posted in the Speculation board.  But I believe that it will somehow see $300 within the coming weeks. If we keep this thread long enough it just may happen, right  To me it seams that there is too much resistance to go lower, so the obvious thing that should happen is to go up, these good news in the last month or so also pushed us alot. cheers Very true - this thread might see it pass the 300 mark! :-) It seems so close to #00, touching 295 in the last 24 hours. Not sure if you trade though if you are interested visit www.coinarch.com and register using Kimba as the invitation to get free brokerage for the next 7 days. Good time to go loooooong. |
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$300 level is nearly due. I'm quite sure it won't be within 24 hours. Give it 7 days.
After having hit $300 there might be a small dump again by traders who are taking profits.
Within now and a month there will be very strong buy support at $300 which might help us advance even higher.
You were right, we are so close to $300! If you think the bitcoin price will continue to rise you should trade using leverage. If you're keen to trade register at www.coinarch.com using Kimba as the invitation code and receive free brokerage for the next week. |
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Next week I think we'll see 300+
I think you might be correct. Great time to go long if you think it will surpass the 300 mark. Visit www.coinarch.com and use Kimba to receive free brokerage for the next week. :-) |
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I am hoping that we may reach at $300 in the next 24 hours but my gut tells me that it will not be and will require more time to settle at a higher floor to finally reach that mark.
You were right, it might need a couple more days. Great time to go long with leverage. |
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It is not rocket science why markets move, but it seems like it listening to some of you. Volume moves price. Big volume (by whales) moves the price big time. They are usually the only reason for price changes, and you can see it right on the charts. The volume bars do not lie, except on no-fee Chinese exchanges. Even then, it is still relative. If coins for sale (let's call it "floating supply") are removed from the market and demand remains equal, the price will rise. Conversely, if floating supply is introduced into a market (as it always is at market tops) prices will fall as there is not enough demand to meet it. Think about market crashes: Panicky, high-volume, despair-laden market crashes. Why do they not crash further? Because of buyers. This is logical. Do these buyers hope to sell at prices lower, equal to, or greater than current market price? Greater. Also, logical. Sometimes much greater if the buyers are part of professional syndicates. Crashes allows them to accumulate a huge amount of coin at rock-bottom prices while the herd panics and sells. As "floating supply" decreases after a crash on high volume and demand remains the same, gradually the market begins to act bullish as it is today. Also, logical. "But what about the DPR auction coins?" you ask. The answer is simple. Even if dumped on the market today (which is highly unlikely), they might move the price a little, but because whales are bullish they will absorb the selling. They get to move the market, not DPR auction winners, and will easily support certain prices levels if need be. It would be an opportunity for them. Also, they can take the brakes off the market and push it very high, which is what they will do in the future, and less floating supply makes it easier (and cheaper) for them to do this. Higher prices will attract more attention from the media, and eventually the herd will begin buying again, as they always do and always have done when presented with an opportunity to profit. To answer the question, YES, we will see $300 soon and higher, we are already on our way. The crash has set us up for it by removing a great deal of floating supply. Whales and smart traders have been accumulating this whole time and in the future, after the price mark-up, will distribute to future weak hands as the cycle begins again.  Good analogy and diagrams |
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Well bitcoin didnt surpass 300 and is currently sitting around 275. In my previous analysis, I briefly discussed the bitcoin market’s bearish corrections. I mentioned the high buying pressure in the 260-267 area, a factor that played out during the weekend trading session. The bitcoin price tested 268 successfully as its temporary support and pulled back from its prevailing downtrend by a small margin. It is now consolidating within a notably stiff trading range, while the market’s volatility seems to be decreasing. Read on for our daily bitcoin price analysis. March 7th-8th Bitcoin Trading Session After successfully floating above the 268-support area, the BTC/USD opened near 277 during the March 8th trading session, while testing the next upside risk near 280. As you can see in the chart below, the low volatility squeezed the Bollinger Bands together. During these hours, the bitcoin price touched 280, though this didn’t last long with the price quickly pulling back towards the south. Traders appear to be exiting near the 278-279 mark. At press time, the BTC/USD is attempting to float above its daily moving average near 275. The market is still in its correction mood and thereby consolidating in absence of enough buying/selling volume. What to Expect Today? Whenever the market encounters tightening of the Bollinger Bands, the price has faced $10-15 breakouts. As for now, the price is clearly refusing to break the support near the 265-267 area, while setting its bull target near 280. This is a new consolidation area we are expecting if the BB’s continue to squeeze. The technical indicators meanwhile are suggesting a near-term bearish correction where the price once again targets the 268-270 area as its next support. The last two green candles are visibly thick, indicating the marginal difference between the selling and buying orders. It’s also worth noting that the RSI is positioned in the neutral area, while the market is near 52. The MACD blue curve, despite staying in a positive territory, has its head below the saffron signal curve. Once the price retests 270, or before the psychological support near 275, the price will once again move towards battling the 280-resistance which, at this time, will hold price to create any further bull targets. It would be best to exit the market near 279 if the current situation is considered. On the downside, a stop loss near 268-270 area will be a good trade. Conclusion (On Daily Charts) Current Mood: Bullish Moving Averages: Buy (11 Buy 1 Sell) Technical Indicators: Strong Buy (10 Buy 0 Sell 1 Neutral) See my blog here: https://www.coinarch.com/Info/Blog?Page=2015/03/daily-bitcoin-price-analysis-8th-march/ |
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The bitcoin price continued to rally north amid a little adjustment. We initially expected the price to form a downward sloping channel once peaking through the 290ish point. However, the constant occurring temporary supports made sure the price remained in a bullish bias state. Read on for our daily bitcoin price analysis. We have recently seen the bitcoin price climb daily which points to the recent fundamental upgrades in the bitcoin arena. The inclusion of the Bitcoin Investment Trust, followed by the launch of Tera Exchange into the mainstream investing markets has literally acted as a rocket fuel to the digital currency’s value. Traders are expecting a notable Wall Street adoption in the future. Therefore, we wouldn’t be surprised if the price extends above the key resistance levels in the coming days. March 4th Bitcoin Trading Session The BTC/USD opened near 279, after being dumped at the intraday peak of 294. The routine price correction woke up a few bears, who briefly attempted to break below the psychological support around 275. An equal effort from the upside lovers made sure that price continued to stay in its prevailing bullish momentum. As a result, the bitcoin price once again moved a little north and validated its bullish bias. At press time, the BTC/USD is being valued near 282. What to Expect Today? It is too soon to determine whether the bitcoin price is in the mood to break above the ultimate peak near 315 to confirm a long-term bullish bias. For near-term however, the technical indicators are screaming “bulls” at the top of their lungs. As you can see in the 4H Bitfinex chart above, the bitcoin price is clearly sitting above the 50H SMA, while the RSI has dropped to 64 in the name of correction. The MACD blue curve is also pointing towards the saffron signal curve, therefore validating the little sell-offs happening in the market. Read more analysis here: https://www.coinarch.com/Info/Blog?Page=2015/03/daily-bitcoin-price-analysis-4th-march/At the same time, the 275-support has proven to be stronger today and is hoping to hold the price from falling into a bearish slope. If it fails, it will end up validating the downside target near 270. However, if price manages to float above the 275 level, it will further validate an upside movement towards the 285-resistance mark. Conclusion (On Daily Charts) Current Mood: Strongly Bullish Technical Indicators: Strong Buy (8 Buy 0 Sell 3 Neutral) Moving Averages: Strong Buy (12 Buy 0 Sell) |
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Coindesk recently published an article explaining that the average bitcoin enthusiast thinks the current bitcoin price is undervalued. ALFAcoins recently launched their Fair Bitcoin Price indicator which values the bitcoin price at $518.59. “The price aims to illuminate what it considers the true value of bitcoin by factoring for the cost of bitcoin mining, or production of the commodity itself”.
We don’t know how such a prediction would inspire traders to hold on to their investments, but it surely paints a picture to where this digital currency is headed long term. Read on for our daily bitcoin price analysis.
March 3rd Bitcoin Trading Session
In our previous analysis, we predicted the market to test the 280-mark and explained how this position would be a profitable exit point. As it turns out, we were nearly correct, as the bitcoin price clearly attempted a bearish correction near 281, and later dropped to 267. However, good buying pressure near yet another new support inspired the market to continue its prevailing bullish trend.
Amidst all such corrections, the BTC/USD opened near 273 while adjusting to the market’s volatility. At the same time the pair tested 267 as its new and temporary support point. Somewhere in the 12th hour, the market once again skyrocketed in hopes to break more resistance levels, the next near 295. The trading volume meanwhile also saw a huge surge, adding further to the prevailing bullish momentum.
At press time, the BTC/USD is being valued around 284, right above its 61.8 retracement level at 283.
What to Expect Today?
The price is now targeting older resistance levels. We have zoomed out the chart so you can see the red dotted horizontal line of 297. You will notice how this particular point is almost symmetrical with the 76.4 retracement level, while at the same time has influenced a sharp pull back towards the dangerous bottom near 165 (between January 9th and 14th this year). We are not saying this point could repeat itself, however it still holds as an important upside risk that could slow down the prevailing bullish momentum.
Meanwhile, there seems to be a lack of resistance between the current price and 297, so if the price manages to stay above 283, we might see a smoother rally in the next few hours/days.
On the downside, the 267-support will continue to hold the price barring the case of manipulative sell-offs.
Conclusion (On Daily Charts)
Current Mood: Strong Bullish
Moving Averages: Strong Buy (12 Buy 0 Sell)
Technical Indicators: Strong Buy (7 Buy 0 Sell 4 Neutral)
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Bitcoin started on a bad note this week with the price failing to sustain itself after falling during the February 22nd trading session. Experts blamed the fall on impatient traders who closed their positions before the bitcoin price was able to build the necessary momentum.
As we predicted yesterday, the 232-234 area received strong support and kept the price from testing the new bottom of around 227.
As sellers disappeared, traders started entering the market, subsequently initiating a slow rally towards the next resistance level.
The BTC/USD opened right near the oversold threshold around 235 and continued to dip in the next few hours. For a brief time, the pair remained below the lower Bollinger band and was soon followed by a price correction. The upward movement however influenced other traders to enter the market, probably to make near-term profits. The overall movement, at press time, is consistently reaching higher lows.
What to expect today?
The slow uptrend is inspiring and a volatile rally is hopeful but unlikely. The market has formed a new consolidation range after breaking away from the previous support level around 210.
As per the technical indicators on the 4H Bitfinex chart, support near the 234 mark has been formed and the price is validating 240 as its next target. As you can see on the chart above, the price is still trending below the 50H MA, while the RSI continues to remain near 40 – with its head towards the north. The near-term market sentiment is clearly bearish.
Tip: It is recommended that traders go short if they notice slow momentum near or before 240 mark.
Conclusion (On Daily Charts)
Current Mood: Bullish
Moving Averages: Buy (8 Buy 4 Sell)
Technical Indicators: Buy (4 Buy 0 Sell 7 Neutral)
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They're dropping like flies, gentlemen. Obviously, anyone that put their money into scam exchanges knew what would happen. Not Bitcoin's fault. It IS bitcoin's fault if the protocol attracts an endless stream of scams and fraudulent service operators. I do agree with you that anyone who would put their money into bitcoin at this point is a fool, since history has shown us that essentially every bitcoin exchange or service will fold after a few years (at best). I disagree. Scammers existed before bitcoin existed and continues to exists. Merchants in US are losing aprox $190 billion a year to credit card fraud. Does that mean that anyone who uses a credit card is a fool? http://www.forbes.com/fdc/welcome_mjx.shtmlTo say that every bitcoin exchange or service will fold after a few years is ridiculous. Coinbase just secured $75m in capital investment from the likes of the New York Stock Exchange. Bitcoin is being recognized and backed by heavy hitters. The pro's far out weigh the cons. Just like anything that operates online, there is always going to be security concerns - it's a part of life. |
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After enjoying a volatile rally towards 268, the bitcoin market once again became the victim of its own hype. Huge selling pressure at the aforesaid peak crashed the price to around 227. February 16th Bitcoin Trading Session After dropping to 227, the bitcoin value attempted a reversal towards the north as traders once again began to take long positions. As a result, there was a small rally towards the near-term 50% Fib retracement mark around 239. The price managed to float above the aforesaid level, but quickly dipped a little in later hours. Though the impact of the sell-offs were not clearly visible and the price began to trend upwards due to strong buying pressure. At press time, the BTC/USD is valued around 236 and has dropped nearly 2% in the last 24 hours. What to Expect Today? It seems that the price is recovering from the previous p-n-d effect. The last three green candles in the 4H Bitfinex chart indicate a near-term bull flag, which may extend up to the 61.8% mark around 242. Coincidentally, this point is also the daily moving average, above which lies a slightly powerful bullish area. As per the technical indicators, the overall dynamic of the 4H BTC/USD market is bullish. The RSI is clearly heading towards north, hopeful to enter the buying area upon jumping over the 55 mark. The bull-run meanwhile will only be extended if the RSI crosses above the 60 mark. But price is likely to lose fuel before attempting to touch this level. We encourage you to focus on 242 before playing your short or long calls. You could take a long position towards the 248-255 area once this level has been crossed. However, if the price breaks near 226, it would be a good time to short your holdings and buy back near the 210-support. Conclusion (On Daily Charts) Current Mood: Bullish Moving Averages: Buy (11 Buy 1 Sell) Technical Indicators: Buy (5 Buy 0 Sell) Read further analysis here https://www.coinarch.com/Info/Blog?Page=2015/02/daily-bitcoin-price-analysis-16th-february/ |
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Bitcoin can short terms go up or down but in long terms i bet it will hit seven digits. I dont think shorting is smart on bitcoin as you cant never tell ir it will climb and never get back.
Leveraged trading is not a buy and hold strategy. margin should only be used as a short term trade to maximize profits for the smaller moves. Your 7 digits won't happen over night, so relax, an multiply your holdings. Agree |
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Another day in a standstill market – the last 24 hours were no different from the last few weeks. The price continued to bore traders with sideways action, while forming a congestion pattern.
In a way, congestion comes as good news for those who want to see volatility. At this point, it is clear the bitcoin price is unattractive to most traders. In order to offset their positions, they will either have to pay a high premium or sell their BTC at a lower value. The game thus belongs to those who have major holdings, who will be able to move the market towards any position they like. A little volatility will see every small trader back in the game again.
February 12th Bitcoin Trading Session
As stated above, the BTC/USD continued to move sideways during the February 12th trading session. The pair started the day at around 219 and continued to trail along with little buying volume from order books. The price took baby steps upwards though failed to create volatility due to lack of trade volume.
At press time, the BTC/USD is valued around 221 on Bitfinex.
What to Expect Today?
The technical indicators, for the ninth time this week, are indicating a near-term bull attempt. Some short green candles have begun to appear in the last few hours. These upward movements are at least changing the near-term landscape in this overlong bearish market.
While staying within an uptight Bollinger band, the price is currently moving below the 50-, 100- and 200-hour SMA. The RSI meanwhile is around 51 – a neutral-bullish zone. However at this time, one must not get too excited as congestion forms. It simply means that support and resistance levels are approaching towards each other in absence of enough trading volume. This could actually translate the prevailing sideways movement to a breakout towards either side.
Watch out for 210 as the main support level. If the price drops below this point, we will be sighting this year’s bottom at around the 165 mark.
The BTC/USD however could extend its current, and small, bull run if it breaks above the 233 resistance level. There, the 210 support will be of less concern and price will smoothly move towards the next resistance around the 248 mark.
Conclusion (On Daily Charts)
Current Mood: Bearish
Moving Averages: Sell (2 Buy 10 Sell)
Technical Indicators: Strong Sell (2 Buy 7 Sell 2 Neutral)
Do you think it will drop below 200 or rise past 235 in the coming days/weeks?
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Shorting only makes sense if you do leverage, which at the same time leverage never makes sense because you can get on debt if things go against you.
Basically never short. Buy and hold. You require too much luck to win shorting. I dont believe in predicting the market, let alone small market noise.
I have a small 6 btc stash I trade futures with on okcoin @ 20:1 which I use for day trading. I have my long position on Bitfinex. I do agree you can get yourself into deep shit if your on the wrong side, but in this market currently it's to easy to make trades and gain a profit. I take profits out and funnel them back into Bitfinex. If you watch the market closely it's very easy to make gains. I think the main issue with leverage (I used to do this) is holding on to long and not taking profit. Before entering a position you need to establish when your going to get out and when the time comes you need to follow through with your exit. In some cases it's better to hold longer (coinbase pump is a good example). Also never go all into a position, I usually build my positions slowly constantly averaging out. You seem to know what you are doing. Using a stop loss feature also helps as you can set the price you are comfortable with without having to watch the bitcoin price every minute. Are you interested in giving Coinarch a try? I can give you free brokerage for 7 days so you get a feel for the system. Email me at kimberley.silva@coinarch.com if you are keen. Thank you for be offer, but currently I will have to decline. In the future if Coinarch comes out with an iOS app I will give it a shot. The main reason why I use Okcoin is because of the iOS app. I hate the web interface and I am always on the go so it makes things convenient for me. Careful with stop losses though. You don't want your stop loss to trigger just before the market starts to go in your favorable direction. Basically if you know what you are doing you don't need stop losses since you only margin trade when you are sure about what's going to happen next. I never know how high or how low it will go but the direction it is going I know 95% of the time. Also always take profits when you start to feel like a god. This is likely the moment before things get worse.  I don't use stop losses and I found them to cause more losses than gains. If I think there might be a huge market correction against me, I just will wait it out or trade very very small positions. As stated previously I think the main issue with leverage is people's greed. If you get to greedy you could wipe your gains in a heartbeat. Always have an out planned before you enter, or take profit at a certain % gain Thanks for the feedback - The team are currently working on an iOS app. Valid comments. In respect to the stop losses, I completely understand and it's all about what works for the user. Not everyone has time to watch the market 24/7 so it is good for the traders who dont have the time. Those that do have the time to watch the market don't need the stop loss feature though it is there in case. |
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I don't even know what stop loss is yet. I try to limit myself to very few trades per MONTH. And all of them done manually, I dont leave open orders when I go to sleep and stuff like that. Too much stress.
A stop loss is a really cool feature. Basically if you were to open a long position with 10x leverage in the hope the bitcoin price would increase you could setup a stop loss so you don't have to watch your trade. For example, let's pretend the bitcoin price is $220 and you're happy to close your position once the bitcoin price gets to $235 (6.8% increase). You can setup a stop loss for $235 and your position will automatically be closed out for you. You don't even need to be logged in. This makes trading really easy. Create an account with Coinarch using Kimba as the invitation code and I will give you free brokerage for a week to help you get started. Email me at Kimberley.silva@coinarch.com if you have any more questions |
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Shorting only makes sense if you do leverage, which at the same time leverage never makes sense because you can get on debt if things go against you.
Basically never short. Buy and hold. You require too much luck to win shorting. I dont believe in predicting the market, let alone small market noise.
It's impossible to go into debt with Coinarch, hence the reason why they are different from other trading platforms. Obviously, if you guess the correct bitcoin movement i.e. if you think it will increase and it does, then you profit. If you guess incorrectly you only lose what you invest. You don't have to invest anymore. So if you invest $10 and leverage 10x it basically means you have 100 worth of bitcoins. If you guess incorrectly you will only lose $10 as opposed to losing $100. Though if you guessed correctly and the price moved 10% you would reap the rewards, you would profit $10, doubling your money. Does this make sense? You should give it a try - sounds like you could make a lot of money. |
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