Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?

[smoothie]

Is the current state of bitcoin charts similar to 2011???.
http://bit.ly/qJDsYw

looks very similar, and not totally improbable.

this does not mean that this IS the future outlook, but there was similar skepticism and bears crawling out of their hole at around 3 $ and 6-7 $ in spring 2011 - and then prices quadrupled again in the next 4-5 weeks.

"spring of 2013"?

In spring 2013, after about one month of sideways move of the bitcoin rate, the above bitcoin chart shows that bitcoin prices exploded after 2-3 consolidation periods.

Are you from the future? 

[S3052]

Is the current state of bitcoin charts similar to 2011???.
http://bit.ly/qJDsYw

looks very similar, and not totally improbable.

this does not mean that this IS the future outlook, but there was similar skepticism and bears crawling out of their hole at around 3 $ and 6-7 $ in spring 2011 - and then prices quadrupled again in the next 4-5 weeks.

"spring of 2013"?

In spring 2013, after about one month of sideways move of the bitcoin rate, the above bitcoin chart shows that bitcoin prices exploded after 2-3 consolidation periods.

Are you from the future? 

yes, how did you know. I just bought I time machine last week with a few bitcoins :-)

thanks for spotting the typo..

[ArticMine]

Is the current state of bitcoin charts similar to 2011???.
http://bit.ly/qJDsYw

looks very similar, and not totally improbable.

this does not mean that this IS the future outlook, but there was similar skepticism and bears crawling out of their hole at around 3 $ and 6-7 $ in spring 2011 - and then prices quadrupled again in the next 4-5 weeks.

One can also make a case for a drop to say 9 USD or 10 USD followed by a rise to say 600 USD by making comparisons to 2010 and 2011. There were two bear markets a 64% drop in November - December 2010 and also a 47% drop in February - April 2011 to set the stage for the massive bull run that followed. Of course those that held tight while their Bitcoins dropped in value from 0.5 USD to 0.18 USD and then from 1.10 USD to 0.58 USD were richly rewarded in the bull market that followed.

[S3052]

Is the current state of bitcoin charts similar to 2011???.
http://bit.ly/qJDsYw

looks very similar, and not totally improbable.

this does not mean that this IS the future outlook, but there was similar skepticism and bears crawling out of their hole at around 3 $ and 6-7 $ in spring 2011 - and then prices quadrupled again in the next 4-5 weeks.

One can also make a case for a drop to say 9 USD or 10 USD followed by a rise to say 600 USD by making comparisons to 2010 and 2011. There were two bear markets a 64% drop in November - December 2010 and also a 47% drop in February - April 2011 to set the stage for the massive bull run that followed. Of course those that held tight while their Bitcoins dropped in value from 0.5 USD to 0.18 USD and then from 1.10 USD to 0.58 USD were richly rewarded in the bull market that followed.

this is 100% fair.
And that's why I said that this is just one set of charts to look at.
I always follow many different bullish and bearish chart options in parallel in the subscriber service and make bear or bull calls in an agile way. at least always trying my best

[S3052]

SHORT TERM UPDATE ISSUED TO SUBSCRIBERS

And: a couple of hours to go for the special 0.99 BTC per month subscription offer (max 3 months for first time subscribers). Until the end of day of Jan 31, 2013 you can still register with me.

http://www.bitcoinbullbear.com/forecast-subscriptions.html

Thanks already for the many new subscriber registrations!!!

[S3052]

new bitcoin forecast issued to subscribers

[S3052]

weekly newsletter for bitcoin, stock markets and precious metals issued

plenty of opportunities...

[Grouver (BtcBalance)]

The one you send me is from 9. Aug 2012.
Not sure if you know this?

[oakpacific]

Is there still a bitcoin analysis only subscription?

[CurbsideProphet]

The one you send me is from 9. Aug 2012.
Not sure if you know this?

I got that too but also a separate email with the correct newsletter.  According to my email, they were sent roughly 19 minutes apart.

[ArticMine]

The one you send me is from 9. Aug 2012.
Not sure if you know this?

I got that too but also a separate email with the correct newsletter.  According to my email, they were sent roughly 19 minutes apart.

Same here. They were sent 18 minutes and 19 seconds apart. 

[S3052]

The one you send me is from 9. Aug 2012.
Not sure if you know this?

I was just checking whether you read it.

Just joking. I am very sorry for that mistake. It it the only time it happned in 2 years, but still, I don't like it.
Now all is fine with the current version.

[S3052]

forecast has materialized again. thanks to my subscribers for the great trust.

and for new subscribers, we still have some trial slots for March:
www.bitcoinbullbear.com

[oakpacific]

it is difficult to predict timings, but in terms of price, I predict bitcoin will have exceeded 32 $ within the next 12 months.

What are you basing this prediction on?

wave 1 + fibo

Not impressed.

This call also materialized.

I want to say thank you S3052, although I still could not forget about the days before the 2011 double bottom, but without your advice I probably would not have bought so many bitcoins during the downtrend and the bottom.

[S3052]

it is difficult to predict timings, but in terms of price, I predict bitcoin will have exceeded 32 $ within the next 12 months.

What are you basing this prediction on?

wave 1 + fibo

Not impressed.

This call also materialized.

I want to say thank you S3052, although I still could not forget about the days before the 2011 double bottom, but without your advice I probably would not have bought so many bitcoins during the downtrend and the bottom.

thanks for the feedback. always trying my best.

and by the way, the poll is reset, so feel free to VOTE.

over the near future, I will publish again a sentiment study based on those results

[Bimmerhead]

S3052, we seem to be spiraling hiring on steady volume.  That is, the same amount of voluming is causing bigger and bigger dollar jumps in price.  It **feels** like our foundations are getting thinner.  Or is that only because I am looking at absolute dollar change and not percentage change?

Does Elliott Wave speak to this issue?   

[phatsphere]

Or is that only because I am looking at absolute dollar change and not percentage change?

I don't know which indicator this is, but here you go:



https://github.com/bitcoinaustria/btc-relative-diffs

[S3052]

S3052, we seem to be spiraling hiring on steady volume.  That is, the same amount of voluming is causing bigger and bigger dollar jumps in price.  It **feels** like our foundations are getting thinner.  Or is that only because I am looking at absolute dollar change and not percentage change?

Does Elliott Wave speak to this issue?   

Typically, it is better to look at currency volume vs. number of shares or bitcoins in this case (as long as tge currency is rather stable.. and at least for now, the USD is rather solid, despite all the doom sayers)

[molecular]

S3052, we seem to be spiraling hiring on steady volume.  That is, the same amount of voluming is causing bigger and bigger dollar jumps in price.  It **feels** like our foundations are getting thinner.  Or is that only because I am looking at absolute dollar change and not percentage change?

Does Elliott Wave speak to this issue?   

Typically, it is better to look at currency volume vs. number of shares or bitcoins in this case (as long as tge currency is rather stable.. and at least for now, the USD is rather solid, despite all the doom sayers)

One question from an ignorant subscriber: The possible triangle, what are the probabilities of that resolving up or down respectively?

[S3052]

S3052, we seem to be spiraling hiring on steady volume.  That is, the same amount of voluming is causing bigger and bigger dollar jumps in price.  It **feels** like our foundations are getting thinner.  Or is that only because I am looking at absolute dollar change and not percentage change?

Does Elliott Wave speak to this issue?   

Typically, it is better to look at currency volume vs. number of shares or bitcoins in this case (as long as tge currency is rather stable.. and at least for now, the USD is rather solid, despite all the doom sayers)

One question from an ignorant subscriber: The possible triangle, what are the probabilities of that resolving up or down respectively?

typically, triangles appear at the end of a wave pattern (wave 4 of an 5 wave impulse upmove). in this case, I'd say that probabilities to break out higher are 60-80%  for bitcoin.
That said, we do not see a triangle forming any more at this stage