Price Target 1 or 2 --- Voting LOCKED --- NEW CHART AS OF 8/15/15 (Post #21)

[natewelt]

PLEASE SCROLL THROUGH TO FIND THE MOST RECENT CHART TO VOTE ON CORRESPONDING TO THE "NEW CHART DATE" WHICH WILL BE UPDATED EVERY TIME I POST A NEW CHART AND POLL


                         Past Prediction History

Bitcoin Forum Community (including my 1 vote) -----------     2/3
          
natewelt (op) ----------------------------------------------------    2/3


These predictions are updated once one of the two price targets are hit. Technically, you all (forum posters) should be able to beat me considering you can continue to vote as the price moves closer to one of the two targets. Also, it's possible I get busy and miss locking the votes at the correct time. Prices are based on the exchange in which the latest chart is posted.

GOOD LUCK! PLEASE VOTE AND COMMENT WITH YOUR THOUGHTS!


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Please choose your near-term price target by voting! It would be great to see what sentiment is right now.

Below is a chart for you to draw inspiration from.

[Patatas]

i'll go for 2 : 300 - 310 , i always want bitcoin price to rise

[shane]

Iam sure bitcoin will be up again 300-310 $
accumulation 280-290$ for 2-3 week after it will be up to 310 320 330 $

[natewelt]

80 views and 2 votes. Man this is a sorry forum these days. How hard it is to vote? I'd like to actually see enough votes for it to mean something.

[natewelt]

I'm a bull in the intermediate term, but personally think we break below trend towards the 265-275 before we go back and climb above 300.

Momentum has really dried up and I don't see a lot of bid raising going on.


I guess I will vote too even though I didn't plan on it initially.

[Denker]

I voted that we will go up. But it's just wild guess and I know it can go down as well.However I like to think positive and I'm sure until the end of the year we will have been through this 300 barrier.

[srgkrgkj]

I voted that we will go up. But it's just wild guess and I know it can go down as well.However I like to think positive and I'm sure until the end of the year we will have been through this 300 barrier.

lol true I think weve gone done far enough and had a period of stagnation which weas probably the longest in bitcoin history so a short growth is well overdue lol

[Dilla]

Probably 1 then 2

[LFC_Bitcoin]

Both realistic possibilities, either could happen if we attach no bias to our decision. I went for Price Target 2 - 300-310. I think we're due the next leg up, I'm basing that on pretty much nothing, just a hunch.

[randy8777]

my vote goes to $300-$310 as that doesn't sound that unreasonable, but the other option of price going down is also possible. i think a rise to over or near $300 is more likely.

[spiderbrain]

I think we'll break 300 again more convincingly once we've had some bargain hunting around 270 on good volume. In that case all the people who would otherwise be selling at 299 would have sold in fear already

[spazzdla]

We're going back to 220-240 for a VERY VERY long time.  Apple style long time.  I hope you have your 10 year holding pants on boys.

[SmoothCurves]

We're going back to 220-240 for a VERY VERY long time.  Apple style long time.  I hope you have your 10 year holding pants on boys.

I'm Ok with this.

[ThatDGuy]

Could see back down in the $270 range for a bit, but this trend will continue slowly marching upward.

[Derrike]

I vote for 1 because there is currently no great news regarding Bitcoin.
So in my opinion 1 is correct.

[gentlemand]

275 is a piece of piss to reach. That's my vote.

[natewelt]

I'm a bull in the intermediate term, but personally think we break below trend towards the 265-275 before we go back and climb above 300.

Thanks for all the voting. It seems like the forum community is split in the near-term which is neither bullish nor bearish. I'd be worried if everyone was bullish, but we aren't so that is mildly positive imo.


Technical Update: It appears we barely broke into the 265-275 range when we hit 274 today. We bounced hard off of that level which is bullish. The question from here on out is whether we can get back above 286. That would break both the recent downtrend trendline as well as give us a higher high which we haven't seen since the break above 300.

I will likely put up another chart once we see some more trading action over the next few days.

[natewelt]

I'm a bull in the intermediate term, but personally think we break below trend towards the 265-275 before we go back and climb above 300.

Thanks for all the voting. It seems like the forum community is split in the near-term which is neither bullish nor bearish. I'd be worried if everyone was bullish, but we aren't so that is mildly positive imo.


Technical Update: It appears we barely broke into the 265-275 range when we hit 274 today. We bounced hard off of that level which is bullish. The question from here on out is whether we can get back above 286. That would break both the recent downtrend trendline as well as give us a higher high which we haven't seen since the break above 300.

I will likely put up another chart once we see some more trading action over the next few days.

Looks like we firmly landed in the 265-275 landing zone that I originally predicted as well as many others predicted. Although overall the voting was slightly more bullish than bearish so most voters were wrong.

Like I said above, I will likely be putting up another chart once we get more chart data.

[coinableS]

I was surprised it ended up being target 1. $270 seemed like a stable bottom that we wouldn't break, what will happen next? Back up, further down or will be move sideways for a while? I guess you never know with bitcoin!

[natewelt]

Alright folks we've had a breakdown. I've decided to give the charts a sooner look than expected as you can see below.





I bought 1.4 BTC a moment ago @ $262. I did so for two reasons.


1. I finally saw what looked like a stable bid wall on Finex and Stamp
2. As my chart shows, we have pulled back between the 50% and 61.8% fib retracement levels. From my experience over the years in the stock market, I've learned that stocks often give back about 50% of their gains off of huge moves. I believe BTC trades as technically or even more technically than stocks so I applied the same judgement here.


Once again I will create a new poll and you can vote on whether you believe the next move will be to Target 1 or Target 2.

Personally, I am voting for target 1 and I believe we get back up to 270+ in short order and test the current resistance line that has been holding us back since 318.