xPredict™ - Multi exchange Prediction Service Result

[spndr7]

Good calls you made on this thread. How low and for how long do you believe the downward movement may go?

Downward movement may continue till 553 level, if market keeps falling for next 6 days.

If it happens then bounce like previous crash would be difficult and will take more time.

Hey Op, what program are you using for your analysis?  Are those Fibonacci indicators something you added, or are they already in the software?

All done manually on my experience,thinking to code automatic signal generation  soon.

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[windjc]

Good calls you made on this thread. How low and for how long do you believe the downward movement may go?

To 553 level if market falls within next 6 days.

If it happens then bounce like previous crash would be difficult and will take more time.

Hey Op, what program are you using for your analysis?  Are those Fibonacci indicators something you added, or are they already in the software?

All done manually on my experience,thinking to code automatic signal generation  soon.

What do you mean by "to 553 if market falls within next 6 days?"  I assume you are saying that if the market continues going down over the next 6 days we are headed towards 533?

If so, then what happens to that theory if we don't go down over the next 6 days?

[spndr7]

What do you mean by "to 553 if market falls within next 6 days?"  I assume you are saying that if the market continues going down over the next 6 days we are headed towards 533?

If so, then what happens to that theory if we don't go down over the next 6 days?

Corrected my post. If that does n't happen, then market may regain stability, and could also achieve 950-960 level again. But its probability is very low.

[spndr7]

Market volume is becoming bearish.If market breaks 750-760 support in next 4-5 hours,then will next support will be only at 553 level.

[hennessyhemp]

With more news coming out of China, we may see some of the 550 support evaporate, what's the lowest point you would set buy orders at?

[MAbtc]

With more news coming out of China, we may see some of the 550 support evaporate, what's the lowest point you would set buy orders at?

I play it bounce by bounce. I suspect we may see 300s, eventually, but I have no orders at that level currently.

[e521]

lowest will be in the $500, double of the previous ATH
going back up beginning of the year

[Honeypot]

spndr7 your predictions were again on the money. It has given those of us who are just investing with small amounts a great example of how to observe the markets.


In your opinion, how long will this crash last, and if possible, what time in the future do you believe the BTC value will begin another bounce or at least stabilize? 1 week? 2-3 weeks?

I am personally predicting fall to 500-550 level, from which, barring a great upset on part of governments and banks, it will relatively stabilize along that price range within 4 weeks at most with occasional minor bumps (holiday seasons, people cashing out, possibly many new people who got into this game at the bubble news (end of nov) beginning to invest cash after finally being verified/having time during the holidays).

However, it seems in coming weeks and months, government announcements and businesses reacting to bitcoin will be a major factor in market swings. I believe some deflationary pressure and regulatory force will keep the values lower, at least until cryptocurrency can be more or less co-opted into the financial system in a regulated and 'leashed' manner.

Your thoughts?

[spndr7]

After 10th October 2013 (when the markets were at 124 ),for the first time the uptrend has reversed.If the market breaks 553-447 support band, within next 3 days from now, then it could fall to 212 USD/BTC level.

(previously 180 to 293 was roughly estimated by me at start of this thread)

[spndr7]

In your opinion, how long will this crash last, and if possible, what time in the future do you believe the BTC value will begin another bounce or at least stabilize? 1 week? 2-3 weeks?

With more news coming out of China, we may see some of the 550 support evaporate, what's the lowest point you would set buy orders at?

I think I answered this in today's predictions.

I believe some deflationary pressure and regulatory force will keep the values lower, at least until cryptocurrency can be more or less co-opted into the financial system in a regulated and 'leashed' manner.

World govt. are trying to control a thing which was  never created to be controled. Now as we see that, bitcoin has hit main stream media,they will try everything to discourage use of bitcoin and keep it low.The realization of bitcoin's worth, for governments, may take 2-3 years.

[Honeypot]

In your opinion, how long will this crash last, and if possible, what time in the future do you believe the BTC value will begin another bounce or at least stabilize? 1 week? 2-3 weeks?

With more news coming out of China, we may see some of the 550 support evaporate, what's the lowest point you would set buy orders at?

I think I answered this in today's predictions.

I believe some deflationary pressure and regulatory force will keep the values lower, at least until cryptocurrency can be more or less co-opted into the financial system in a regulated and 'leashed' manner.

World govt. are trying to control a thing which was  never created to be controled. Now as we see that, bitcoin has hit main stream media,they will try everything to discourage use of bitcoin and keep it low.The realization of bitcoin's worth, for governments, may take 2-3 years.

Right. I do believe crypto has a place in the world finances and economic one way or another. Now that you said what you said, it might not take more than a year

Someone posited an interesting theory that US government and PRC government are engaged in a continuous campaign of control over the market, with arrest of DPR and seizure of his bitcoin fortunes as the opening salvo. Who knows?

Also, my question was specifically about the amount of TIME it would take for this to stabilize at the point you referred to, and also your 'possible' prediction on when you think it may begin to rise against steadily (or another bubble). Maybe that's reaching too far, but we would definitely appreciate your input.

Thanks again for this thread. Speculation is not a simply practice for many, and they easily allow fear to cloud their vision.

[hennessyhemp]

Anyone else think the fees on BTC China are a big contributing factor to the fall?  No more free bot trades inflating volume...it's probably a very good thing long term, but definitely seems like it's helping curb China's insatiable appetite for BTC lately, the volume is dropping rapidly on those exchanges.

[Honeypot]

Slowly crashing down to possibly 300-400 level. I will make the call on 340.

[spndr7]

Last two days saw huge movement in the markets. But as given earlier, the bearish movement could not break the support band of 553 to 447, for a long time. For only 1.5 hours, it was below 447 level  (went to 420 level), but quickly bounced back above 447.

The bounce back shows great confidence in bitcoin.If the price remains above 645 level,then market can reach to 750-760 level, in next 52 hours.

[Argwai96]

are you analyzing btc-e? why do that when it just follows gox and btcchina?

[spndr7]

are you analyzing btc-e?

Yes just analyzing BTC-e.

why do that when it just follows gox and btcchina?

It does n't matter, as long as predictions are precise and accuracy is good.

[spndr7]

After 13 dec 2013 (when market was at 895 level),the down-trend seems to reverse any-time now.

The rise will easily achieve 746 level.

[Honeypot]

After 13 dec 2013 (when market was at 895 level),the down-trend seems to reverse any-time now.

The rise will easily achieve 746 level.

...spoke too soon? It just started to go down to 610. Unless, you were referring to how high this bounce could go. The overall pressure seems to indicate a downward trend.

[T.Stuart]

After 13 dec 2013 (when market was at 895 level),the down-trend seems to reverse any-time now.

The rise will easily achieve 746 level.

...spoke too soon? It just started to go down to 610. Unless, you were referring to how high this bounce could go. The overall pressure seems to indicate a downward trend.

Bitcoin is manically depressed at the moment

[spndr7]

As said earlier,if the price stays below 645 - 660 level for next 4 days (till Christmas) from now,then major fall to 215 to 240 level is very likely.