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BTCUSD: Trend is up, only a matter of timeThe Bitcoin chart is one that speaks volumes when you read it utilizing the methods devised by Tim West. If we look closely we can see that the monthly and weekly trends are up, and that we have potential for a breakout in the coming weeks. Right now, the weekly is in a triangle consolidation but the breakout should happen relatively soon. We have 3 inside months in a row after the huge rally we had last year. I will update the chart when the rally is confirmed, technically, the weekly might trigger first, to then confirm the monthly uptrend which could fire an explosive rally, and possibly a new all time high for Bitcoin. With the block reward halving approaching, I suspect that might be the trigger for this rally. Disclaimer: I'm holding long term long positions initiated from lower levels, as well as holding ethereum as a fixed % of my holdings. I have shared these entries with my signals group privately. See my profile for more information. Cheers, Ivan Labrie.
BITSTAMP:BTCUSDLong
by IvanLabrie
9
Bitcoin longterm 2016 forecastI think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( trade-test.com ) as they have introducet bitcoin trading lately and have very good conditions for it. If you are smaller investor, it is even cheaper to trade at eToro than using Bitstamp.net. Bitstamp is only cheaper if you have already some volume discounts.. if you have standard 0.25% commission account, then trust me, eToro is cheaper. I have switched to this platform personally because of BTC trading. Tell me what do you think about bitcoin prediction for 2016, do you have same opinion on it?
BITFINEX:BTCUSDLong
by Tradingisparty
2
It's Like Deja Boom All Over AgainJust thought it was time to publish this update to my earlier 'Fun with Time Fibs' series. Basically it's a study of a recurring time scale pattern in the Bitcoin price structure that harks back to the beginning. According to the pattern we are fast approaching a significant turning point toward a new all time high, with almost as many days between the previous all time high & the January 2015 bottom; And that same bottom to where we are now. What the current blue & orange timefib zone signifies is due to the extremely long drawn out bear market, relatively speaking, we have been in for the last 2 years, we should be in for a massive multi year bull run toward this next all time high that I calculate will happen sometime in July 2017. This coinciding with major bear markets developing in the share indexes & commodity prices, bodes well to the safe haven nature of Bitcoin, as a 'digital gold'.
BLong
by UnknownUnicorn59736
BTCCNY: Resuming the monthly uptrend? - Minimal downside riskBitcoin has been in a monthly uptrend for some time, but still hasn't reached the target. Currently the weekly chart had given signs of a potential decline, but said decline is now failing to confirm the downside, giving way to a potential long trade. I'll be looking to enter longs by the weekly close, aiming for a 58% to 100% upside, risking more or less 20% from my entry. Currently there is a possibility to trigger a weekly time at mode uptrend continuation signal, which would suggest price could reach 3720, or even 5097 in 9 weeks or less. My group will be entering this and the potential uptrend continuation trades today, and we will continue to exploit this juncture if we get confirmation of monthly uptrend resumption. Currently, price has to move above 2955 to give way for further upside, but I think it's highly likely that this happens in the near short term. For more information on joining my private trading group or if interested in mentoring, contact me via pm here, skype or QQ. Good luck! Ivan Labrie.
BLong
by IvanLabrie
11
Possible Scenario - Falling WedgeThis is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume there will be a significant amount of chop and and squeezing within this wedge. Good luck!
BITFINEX:BTCUSDShort
by Turco
2