Bitcoin analysis – The coming weeks

[cryptocoinsnews]

Bitcoin has experienced an incredible journey the last couple of weeks. It started with a statement: “China’s State Press Calls for ‘Building a de-Americanized World’“, then the follow up by Baidu, the so called Google of China: “Breaking news: Baidu (NASDAQ:BIDU) accepts BITCOIN!“. After a few quiet days, the Bitcoin price suddenly shot to the roof leaving all other cryptocurrencies behind. “Btcn CNY hits the top of bitcoinwatch’s trade volume charts” explained the dramatic shift from the west to east as someone explained it: “China has woken up”.

We early saw the clear signs that Alt-Coins could be devalued real fast with the Bitcoin price roar and sent out our analysis to the members of Cryptocurrency Investment Club, and later posted our update here.

We have earlier explained our beliefs that “Bitcoin is stabilizing and could face a major downtrend – This could be the time to buy back into Alt-Coins“. We want to do another analysis to try and figure out what will happen with the Bitcoin price in the coming weeks.

Read our analysis here:
http://www.cryptocoinsnews.com/2013/10/24/bitcoin-analysis-coming-weeks/

[BadAss.Sx]

It is getting serious business now and people are trying to look where they stand. It is just like stocks...the downtrend of today is simply a panic reaction.

Altcoins are surely an important player in the future, but it need a year or two to become mature next to Bitcoin. It is also normal that the altcoins devaluate when the Bitcoin rises. Everyone who are on altcoins exchange their altcoins for btc's when the price goes up. Now they take their profit and go back to altcoins. Plain and simple.

[cryptocoinsnews]

:-)

[acoindr]

Isn't it a conflict of interest purporting to be a news site, but openly pushing coin investment advice? From your About page:

CryptoCoinsNews was started to get a common site for all news about cryptocurrencies. We want to build a trustworthy, objective and well fed news site with both articles, analysis and other information that will help you stay updated. We are on the lookout for contributors...

Bold emphasis mine.

Think I'll stick with CoinDesk

[Zangelbert Bingledack]

Conflict of interest is a foregone conclusion in Bitcoin. That's just the nature of the beast. You think the Coindesk writers don't own bitcoins?

[adamstgBit]

what do you think of FTC?

[Zangelbert Bingledack]

Coming weeks:

Week 1 - Neutral/dippy as we take a breather from the overboughtness
Week 2 - UP
Week 3 - UP

[NamelessOne]

Coming weeks:

Week 1 - Neutral/dippy as we take a breather from the overboughtness
Week 2 - UP
Week 3 - UP

This is my gut feeling and hope.

[BitPappa]

Not sure if this was your goal, but I subscribed to your newsletter. Hey, it's free! And now we can sit back and see how accurate your crystal ball is.

I do get a bit confused by predictions based on chart analysis. I mean, in a bubble, they might have meaning. But I think news about major Bitcoin-related events, plus whale traders pushing up and down on the market, are something that looking at a chart of past prices ignores.