I Need Your Opinion On My Bitcoin Price Analysis

[viremia]

Hello everybody,


I know that bitcointalk.org hosts the most experienced people on the planet on every aspect of bitcoin and the blockchain technology.


I am writing daily bitcoin technical analysis and I know that I can benefit from your opinions and guidance to help me become a better writer.

I would appreciate if you could read my today's analysis and criticize it and be harsh as you could be, I don't mind:

http://www.newsbtc.com/2015/03/05/bitcoin-price-technical-analysis-532015-bulls-chained/


Thanks in advance guys

[najzenmajsen]

i'd reccomend putting this in the economic part of this forum , they are alot better when it comes to stuff like this.
in my own opnion its looking pretty good. i personally think price is not the matter tho , adoption is.

[viremia]

Thanks very much for your advice and I am sorry for the posting it on the wrong place and yes I agree that adoption is more important.

[Possum577]

The analysis looks good and we could definitely use a regular update on technical analysis...once the moderator moves this to Economics I suspect it will be a frequently viewed thread.

Your main chart is confusing to read though. It's hard to tell which line is the BTC price and which lines are the 10, 30, etc. trend lines.

Additionally, I'd consider creating some charts that specifically call out whether you believe BTC is over bought or over sold at any given time and points to the trend line that supports your analysis. Most of us can't look at a chart and pull out the relevant details, so you need to tell us what the answer is and and provide the factual support if any of us want to evaluate your answer. Over time, (If you're correct) many people will just take your answer at face value.

[viremia]

The analysis looks good and we could definitely use a regular update on technical analysis...once the moderator moves this to Economics I suspect it will be a frequently viewed thread.

Your main chart is confusing to read though. It's hard to tell which line is the BTC price and which lines are the 10, 30, etc. trend lines.

Additionally, I'd consider creating some charts that specifically call out whether you believe BTC is over bought or over sold at any given time and points to the trend line that supports your analysis. Most of us can't look at a chart and pull out the relevant details, so you need to tell us what the answer is and and provide the factual support if any of us want to evaluate your answer. Over time, (If you're correct) many people will just take your answer at face value.

Thank you very much for your help. I think your advise is very helpful.


 

[DeboraMeeks]

The thing you should always remember:
Never try to go for different people's opinions if you are to do any analysis of the markets, as you are likely to get different flavors in their opinions and I don't think you might come to a conclusion with that.

P.S.: I am bullish on Bitcoins as the selling side seems a bit thew-less.

[viremia]

The thing you should always remember:
Never try to go for different people's opinions if you are to do any analysis of the markets, as you are likely to get different flavors in their opinions and I don't think you might come to a conclusion with that.

P.S.: I am bullish on Bitcoins as the selling side seems a bit thew-less.

Thanks for your advice

[Snipe85]

The analysis is bullish. This I can accept
But seriously, good job it was detailed and it actually looks like the price is on course with your prediction.

[virtapayseller666]

Thank you you are serious about the bitcoin. but your analysis is not good but its acceptable. i can accept 
good job. in future bitcoin price will go up surely

[Ibian]

I can't wait for the xkcd guy to start doing strips about bitcoinchartists. The dude loves his charts.

[Brmaster]

I think you should refer to more exchange markets

due to
1. one market will have great limitations
2. bitfinex has the most volume, yes, but for its leverage. single markets, such as lakebtc or bitstamp has a better price source.

[Q7]

I'm really terrible and lack the skills when it comes to analysis and statistic. I think you have a done a quite comprehensive analysis on yours. If what you say it's true, then we are looking for another major bull run provided that there is no other external factor coming in to disrupt the trend. I do agree that the slight drop from the 280 high is more towards market correction and hopefully we can see the uptrend resuming next week.