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

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Author Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?  (Read 540158 times)
Vladimir
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July 14, 2011, 04:10:06 PM
 #1041

The worse, the better, unless you have no fiat to pay the utilities. I guess.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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brocktice
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July 14, 2011, 04:10:53 PM
 #1042

The worse, the better, unless you have no fiat to pay the utilities. I guess.

At this price it's still highly profitable. Smiley

http://media.witcoin.com/p/1608/8----This-is-nuts

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July 17, 2011, 10:27:06 AM
Last edit: July 17, 2011, 10:57:24 AM by proudhon
 #1043

A close above $15 on heavy volume would probably result into a nice rally. Although I'm looking for a pullback to $11-$12 for a better low risk entry point.

That was last week. You missed it. Tongue

I'm looking to buy more at those levels Tongue

ROFL. Don't we all. I just don't expect to ever see $11 again.

I see $11.19 on the depth table now, and it doesn't look like this downward movement is abating.  So...

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
kiba
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July 17, 2011, 11:06:21 AM
 #1044


I see $11.19 on the depth table now, and it doesn't look like this downward movement is abating.  So...

Here's hoping that my dwolla transfer making it in time for me to start buying bitcoin on the cheap.

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July 17, 2011, 11:32:24 AM
 #1045


Here's hoping that my dwolla transfer making it in time for me to start buying bitcoin on the cheap.

I know, right? It takes a week for me to transfer funds and make a trade.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
brocktice
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July 17, 2011, 01:53:49 PM
 #1046

I see $11.19 on the depth table now, and it doesn't look like this downward movement is abating.  So...

I wonder where it'll stop.

http://media.witcoin.com/p/1608/8----This-is-nuts

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YoYa
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July 17, 2011, 04:59:56 PM
 #1047

I see $11.19 on the depth table now, and it doesn't look like this downward movement is abating.  So...

I wonder where it'll stop.


MINUS! 9000!11!!! People will be paying to you to take their bitcoins as the streets run red with Blood!
proudhon
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July 18, 2011, 05:48:18 PM
 #1048

So, about those bullish indicators...

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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July 18, 2011, 06:22:43 PM
 #1049

http://money.cnn.com/video/technology/2011/07/18/t_bitcoin_currency.cnnmoney/

OMG SELL SELL SELL...food!

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cloon
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July 18, 2011, 08:15:28 PM
 #1050

this video is very positive for bitcoin!

ps: i hate all these BUYBUYBUY/SELLSELLSELL shouters! everyone should make his own opinion

donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
Bitcoin Swami
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July 18, 2011, 08:28:08 PM
 #1051

this video is very positive for bitcoin!

ps: i hate all these BUYBUYBUY/SELLSELLSELL shouters! everyone should make his own opinion

yeah its great when even the moderator is one of those people.  Roll Eyes
MKW2012
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July 18, 2011, 08:47:07 PM
 #1052

I'm waiting to see if $11 holds as support and brings buyers in. Otherwise, we could $10 in no time. If there is buying with good volume before current support comes into play I might consider taking a small position.
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July 18, 2011, 08:48:07 PM
 #1053

this video is very positive for bitcoin!

ps: i hate all these BUYBUYBUY/SELLSELLSELL shouters! everyone should make his own opinion

yeah its great when even the moderator is one of those people.  Roll Eyes

Did you READ my post? I suggest you try it. Smiley

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July 18, 2011, 08:49:32 PM
 #1054

this video is very positive for bitcoin!

ps: i hate all these BUYBUYBUY/SELLSELLSELL shouters! everyone should make his own opinion

yeah its great when even the moderator is one of those people.  Roll Eyes

Did you READ my post? I suggest you try it. Smiley

Sorry didn't get it.  Just so sick of seeing the SELL SELL BUY BUY crap.  Didn't look past it.

My bad man. Smiley
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July 18, 2011, 08:54:26 PM
 #1055

Sorry didn't get it.  Just so sick of seeing the SELL SELL BUY BUY crap.  Didn't look past it.

My bad man. Smiley

I hate those posts too. I couldn't resist making a little fun of them. Smiley

My own personal opinion of Bitcoin's long-term value is

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Chris Acheson
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July 18, 2011, 09:17:52 PM
 #1056

I hate those posts too. I couldn't resist making a little fun of them. Smiley

My own personal opinion of Bitcoin's long-term value is


Your opinion of Bitcoin is "why would they do that?!" ?  Wink

We need a nice popular and user-friendly futures exchange, so that we can direct both the "SELL SELL SELL" and "BUY BUY BUY" types there and tell them to put up or shut up.
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July 18, 2011, 09:20:39 PM
 #1057

I hate those posts too. I couldn't resist making a little fun of them. Smiley

My own personal opinion of Bitcoin's long-term value is


Your opinion of Bitcoin is "why would they do that?!" ?  Wink

We need a nice popular and user-friendly futures exchange, so that we can direct both the "SELL SELL SELL" and "BUY BUY BUY" types there and tell them to put up or shut up.

More like "Bitcoin bears get trampled, gored" Smiley So yeah, why would they do that?

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S3052 (OP)
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July 18, 2011, 09:54:53 PM
 #1058

Agree that it is not helpful to get this thread spoiled.

And this is why I return to technical analysis.

As analyzed for the subscribers often over the past days, BTCUSD has respected the trendchannel and may have finished this consolidation at today's low.

Back to rally mode  unless the 9.5 - 10 $ fails. More detailed buy and sell triggers in the subscription reports.

S3052 (OP)
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July 19, 2011, 09:40:16 PM
Last edit: August 04, 2017, 07:03:32 PM by S3052
 #1059



here is the link to view the charts: http://bit.ly/q3UQ9W

Longterm: UP.

Midterm: UP as long as the 9.5 $ - 10 $ range holds

Shortterm: UP from the 12.5 $ low and down sloping channel resistance.


 

Overall, the forecast about a bullish consolidation and subsequent breakout to the upside has materialized. While the very short term pattern turned out somewhat different to the option presented in last analysis here (bullflag extended further to the downside), the overall direction was correct. Bitcoins are back in a bullmarket on all timeframes.



 Technical analysis

It is always important to look at the longterm picture before falling into the trap of drawing too short term (and often wrong) conclusions. In German language, we call this "you don't see the forest when you stand  in the middle of the trees".

Both, the long and mid term trend are clearly up. The chart below shows that the move down from the all time high of 31.9 $ is corrective, not impulsive. Based on chart analysis tools,  Elliott Wave patterns (not shown) and volume patterns, this view is the preferred scenario.

For example, both, the chart pattern and the volume development indicate that the entire move down from 31.9 $ is a consolidation with the most likely resolution to the upside and new highs in weeks/months.





Shortterm, and as predicted especially in the subscription service (http://bit.ly/mjP1Rh) , a big rally came last night with strong volume. Most of the 12 day downward consolidation was retraced within just 3 hours, a strong bullish move.

BTCUSD are now consolidating this move and likely will move up into the 17 $ - 20 $ area.

The BitBulls are in control now, as long as the 12.5 $ low 7 down sloping lower channel line holds. But even if this channel support falls, there is much more support in the 9.5 $ - 12. 5 $ cluster, as short and midterm support levels run in this zone.

 

Trade Bitcoins well!

Your S3052

 

Disclaimer: Please always do your own due diligence, and consult your financial advisor. S3052 owns some bitcoins.  Never invest unless you can afford to lose your entire investment.

brocktice
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July 20, 2011, 07:03:04 PM
 #1060

Looks to me like we're still in the downsloping trend channel.

http://media.witcoin.com/p/1608/8----This-is-nuts

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