Breakout Bitcoin Price

[Huobi-USD]

In the currency pair BTC/CNY we can see there is a triangle in DAY CHART, it looks like the triangle is already filled, since my view 2 more days and the breakout will be appearing. What do you think that would be the direction for the breakout, I mean the price will go up or down?

[hector3115]

The trend has been up since january. Number one rule in trading, don't fight the trend.

[avw1982]

The trend has been up since january. Number one rule in trading, don't fight the trend.

Price will go up only dude. you can see bitcoin rate which is according to U.S. dollar rate is increasing from the past 4 days. It will touch to the good value after November only I think due to the festival season gonna start in all European countries.

[Snorek]

The trend has been up since january. Number one rule in trading, don't fight the trend.

Price will go up only dude. you can see bitcoin rate which is according to U.S. dollar rate is increasing from the past 4 days. It will touch to the good value after November only I think due to the festival season gonna start in all European countries.

It is not so easy to predict. We must wait for a trend to emerge and once we see it then it will be clear if price will be rising or market still need some corrections before the next bubble will appear.

[WorldCoiner]

For me it’s really the 400 $ and staying there at least one week. If this is done this will be the basis for further increases.

[trafficolaa]

This time to go up up and up only i am feeling great about price hoping to see $400 very soon maybe this will happen this trend is going positive.

[randy8777]

i hope the price will go up of course, but i think the price will remain fairly stable at the $310-$340 price levels for some weeks.

[NorrisK]

We have seem to be stabalizing at the current levels quite well after the insane rise earlier this month.

I guess we will see another breakout once we hit 370+ again, basically it would be the same as last run, but than at a 100 usd higher baseline value.

[Proxiebuier]

In the currency pair BTC/CNY we can see there is a triangle in DAY CHART, it looks like the triangle is already filled, since my view 2 more days and the breakout will be appearing. What do you think that would be the direction for the breakout, I mean the price will go up or down?

we must waiting "godd news"
after issue terorism use bitcoin and European Union to crack down on Bitcoin post Paris terrorist attack
Im not sure we will go up soon

i cancel my speculation about blackfriday will be up

[QuintLeo]

"Technical speculation" on something as news-driven as Bitcoin is a joke.

 Without any new news to drive it, Bitcoin pricing will continue to drift down for the rest of the year and into next year, with a new runup starting a month or two before the halfing (which counts as news, it's just not "NEW" news).

 I'd bet on under $300 and likely more like $250ish by the end of the year, when the current "settle back down to the real support floor" move should be finished.

 I'm still laughing at that one idiot poll that STARTED at $600 and went up from there on options.

[MaxTax]

"Technical speculation" on something as news-driven as Bitcoin is a joke.

 Without any new news to drive it, Bitcoin pricing will continue to drift down for the rest of the year and into next year, with a new runup starting a month or two before the halfing (which counts as news, it's just not "NEW" news).

 I'd bet on under $300 and likely more like $250ish by the end of the year, when the current "settle back down to the real support floor" move should be finished.

 I'm still laughing at that one idiot poll that STARTED at $600 and went up from there on options.

Lol! Those people who do that are just dreaming. Let them. They're not thinking realistically.

I think it will either reach $400 around the holiday season or stay around $300

But then again, this is just speculation, nobody really knows

[1Referee]

"Technical speculation" on something as news-driven as Bitcoin is a joke.

 Without any new news to drive it, Bitcoin pricing will continue to drift down for the rest of the year and into next year, with a new runup starting a month or two before the halfing (which counts as news, it's just not "NEW" news).

 I'd bet on under $300 and likely more like $250ish by the end of the year, when the current "settle back down to the real support floor" move should be finished.

 I'm still laughing at that one idiot poll that STARTED at $600 and went up from there on options.

Bitcoin is not really news driven anymore when it comes to good news. Bad news however still affects Bitcoin considerably.

It's all about supply and demand. If we go back to the $250 level, then there is simply no real demand which means the fair price is $250 if we indeed reach that level. I wouldn't mind buying a few more coins at that price level.

[Ayle56]

In the currency pair BTC/CNY we can see there is a triangle in DAY CHART, it looks like the triangle is already filled, since my view 2 more days and the breakout will be appearing. What do you think that would be the direction for the breakout, I mean the price will go up or down?

we must waiting "godd news"
after issue terorism use bitcoin and European Union to crack down on Bitcoin post Paris terrorist attack
Im not sure we will go up soon

i cancel my speculation about blackfriday will be up

I don't think the trend will be up until after we find out what the EU plans to do to bitcoin. If the EU decides on a far reaching crackdown I think the trend will head down, especially if the US decides to join in on an EU crackdown.. Unless the EU decides to leave bitcoin alone I don't think the trend will be up for months.

[disclaimer201]

THE EU and Bitcoin won't do shit. Noone cares. Cash is far worse in that respect. If the price goes down again fine by me. I will buy more because BTC is unstoppable. This is the actual intention of everyone talking down BTC at the moment. Fine. Go ahead.

[mixan]

It is time for it to go only up. If it gets any lower people will start to sell off then we will back to square on from the beginning of the year.
If past experience has said anything of when china prices go up so does the price of bitcoin. So all we need to do is wait and see by Monday.

[makeacake]

If the price goes down again fine by me. I will buy more because BTC is unstoppable.

YOU'LL NEVER STOP ME, PATHETIC REGULATORS!
https://i.imgur.com/WUQXmZf.gif
YOU'RE WEAK!

[mirana12345]

The error most of you are making is trying to analyse bitcoin market with logic, but it's way beyond that. Every single piece of news you are reading on crypto related
news sites is over exaggerated at best, only to sell you news, but the problem is that people in many cases believe everything they read, so you get market movement out of nothing.

Reality of current situation is that we are not going up, that's sure, and i don't think we will nosedive either (no real reason to, that EU-bitcoin thing is just exaggerated), so in next
month or so i'm expecting us to see either same 320, or a small return to lower ~300 range.

When x-mass comes people tend to spend much more than usually, so there's a chance for rise then, but not before, there's no real reason to.

[Zaun]

The analytics don't apply for this market. Yes we have candlesticks and charts but the price is influenced by a third party whom posses so much money they can pump, or dump it.

I think they predicted a longer 400 USD price, but perhaps ran out of money.

When the bitcoin market is adult, we will can the candlestick and fibonacci again.

[manis]

In the currency pair BTC/CNY we can see there is a triangle in DAY CHART, it looks like the triangle is already filled, since my view 2 more days and the breakout will be appearing. What do you think that would be the direction for the breakout, I mean the price will go up or down?

The date with the breakout seems to have been missed.
We still seem to be range bound. 

[piloder]

The breakout price of bitcoin is around $450. If it breaks out that price, the price will go to at least $600. The price might come down again and consolidate there.