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Question: Bitcoin Forecast: What do you expect BTC/USD prices to do in the next 4 weeks?
Up
Down
Same as now
I don't know

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Author Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?  (Read 535652 times)
ribuck
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January 23, 2011, 09:49:59 PM
 #201

New all time closing high at MtGox.

"Closing price" seems a pretty arbitrary notion for an exchange that's open 24 hours per day. One could equally look for the "highest all time 2.03pm price at MtGox".
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S3052
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January 23, 2011, 10:06:48 PM
 #202

Fair point. I considered that and waited 3 days before publishing it (we are now 3 days above 0.4$, meaning that for sure one turn of the earth was covered).

Closing prices are always difficult for currencies since they are traded 24/7.

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January 23, 2011, 11:41:04 PM
 #203

What method is used then?

The last price as-of 11:59:59 PM using NAT (Nome -Bering Time) -- a timezone that is GMT-11 I believe? http://www.timezonecheck.com/

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January 24, 2011, 10:45:16 AM
 #204

Maybe there should be some norm that the closing price is at 00:00 GMT.

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January 24, 2011, 11:29:25 PM
 #205

1

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January 24, 2011, 11:38:59 PM
 #206


New chart here:
http://mtgox.com/blog/?p=203

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January 26, 2011, 10:06:27 PM
 #207

1

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January 28, 2011, 10:40:09 PM
 #208

1

fabianhjr
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January 28, 2011, 11:28:05 PM
 #209

Hey the link is broken. Thanks for the update. Cheesy

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January 28, 2011, 11:57:04 PM
 #210

corrected.
The link works now.

And in the meanwhile, prices already fulfilled the shortterm forecast , reaching 0.445

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January 30, 2011, 07:45:28 PM
 #211

I posted this also in a new thread:
In our efforts to grow the bitcoin idea, it would be useful to show laymen that Bitcoins are the best investment vs. most other financial instruments.
To show that effectively, comparative charts of BTC / USD vs. Gold, Silver, DJI, other commodities would  be brilliant.

Who has the technical capability to add this into some existing bitcoincharts sites?

thanks for leting me know.

I would like to add this perspective ideally regularly into my Bitcoin Analyses.

LZ
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January 31, 2011, 07:05:29 AM
 #212

What is next?


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January 31, 2011, 07:19:33 AM
 #213

The most likely outlook from a charting view is a continued rally .
once 0.5-0.51 is broken substantially to the upside, the rally may accelerate towards 1$

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January 31, 2011, 09:16:37 AM
 #214

What is next?

Correction. Price is almost at 0.5, so many people begin to withdraw their bitcoins because they don't believe it will cross over 0.5 easily. Same situation as you highlighted @ 0.3 level...

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January 31, 2011, 12:24:15 PM
 #215

Let see what the current sentiment is:

I have reset the poll again. So, folks, tell us what you think: Up, same or down?

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January 31, 2011, 09:27:59 PM
 #216

1

ribuck
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January 31, 2011, 09:35:36 PM
 #217

...In case sth materially changes...

Heh, while you were composing that, it materially changed!
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January 31, 2011, 09:37:11 PM
 #218

That's life  Smiley

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February 04, 2011, 07:12:17 PM
 #219

1

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February 07, 2011, 09:26:28 PM
 #220

1

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