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BTCCNY

Bitcoin likely breaks $1,000 - PT is $1,030 SKY IS THE LIMIT!!Call this premature but hey, Santa just keeps on giving! Positive karma and white rice carbohydrates will fuel this sucker past $1,000! Congratulations to all of us who have held firmly in our love and use of the ONLY REAL CURRENCY CLASS LEFT ON THIS PLANET!!! Yes, I am assuming it breaks $1,000 BUT HEY, if you doubt it now, you aren't paying attention!! Using rough measure rule next price target is $1,030 but really anything can happen... ... we will dip, and we will rally, but this time next year you will dream of a chance to buy three digit bitcoin!! If we dip now, so be it, after all you must seperate the wheat from the chaff!
BITSTAMP:BTCUSDLong
by Kantardziski
1
Updated Bitcoin Price Targets ~ Is Santa Staying for New Years?Price Target #1(Link to Original Below): $952 Price Target #2: $958 Price Target #3: $962 The variability comes from various (subjective) nuances, not least the small pennant that formed Dec 27 (0-7am EST).. This target shouldn't reflect my bias, it is merely a use of the measure rule... Good Luck and Happy Trading P.S. If it isn't obvious, all purple lines = same, and all green lines = same The purple is 52ish The green is half that... ish
BITSTAMP:BTCUSDLong
by Kantardziski
BTCCNY: Intraday update, short term dip during ChristmasChinese traders typically perpetrate some strange moves during public holidays, and today is no exception, we already saw a sharp decline after yesterday's strong advance. This dip is a short term buying opportunity, so, thank you OKCoin. Let's buy over the next 3 days, gradually. I already bought 15% at 6375 and will add 15% more around here, and looking to add the remainder of my position if we go lower ideally. The buy zone is highlighted in green on chart. I don't reccomend setting stop loss orders, simply size the trade to reach a maximum of 80% of your capital once your position is full. That should keep you out of harm 99% of the time. That said, we don't want to see price drop under 6102.29, if it does, it could go a tad lower and test weekly support levels below. If we don't hit 7047 before the week closes, we might see price go sideways, but, for now, we need to focus on the present, which is screaming buy (gradually). Good luck and Merry Christmas, Ivan Labrie.
BLong
by IvanLabrie
17
Bitcoin - Super Breakout - Next Target $880 USD - Measure RuleThe time has finally come! I have been waiting for a near vertically rally, and likely so have you! Our patience has been rewarded with a strong breakout! Using the measure rule I give a new PT of $880 USD... Momentum has been huge, since June it is the third strongest, the second being in August.... Good luck and soon we will be in the four digit range --- I don't know about you but I won't be looking back anytime soon! Pink verticals are the same length, duh!
BITSTAMP:BTCUSDLong
by Kantardziski
1
Bitcoin Megabull Cycle - Starts in Less than 24 HoursNote: The chart after publishing narrowed done the annotations. Press "+" to zoom in and see the chart as it meant to be seen. Here is my update on the current impending Bitcoin Megabull Cycle. Annotations are on chart! The breakout day as I pointed a month ago is on December 7-8, the fractal I have been using is on par with that thinking. If you have been following me on twitter, I have pointed that the fractal last mini handle we currently are in is close to completion and the current Bitcoin market overlaps beautifully with the blue bars of the fractal. Please set a stop loss at the 1D Bollinger Band Midband currently at 5260cny or $745 USD in case this trade fails for any reason From there we will be able to continue our journey way higher as we head to the "moon". Once we hit $1,137 USD (previous ATH), Bitcoin will exponentially rally higher due to increased media coverage and more interest / hype that will bring new money in to the market. We are already seeing Bitcoin adoption in several worldwide countries: Venezuela, Africa, India due to failing fiat economies due to inflation and other issues. It is very important to know as a trader that based on the 235 Days Bitcoin cycle, Bitcoin will reach the final ATH / Top on February 16 2017 (so make sure you sell Bitcoin and close your longs on or few days prior) Potential ATH Targets are: $2,661 USD $4,200 USD $5,276 USD $8,720 USD $14,000 USD The final ATH target on February 16 2017 depends on how steep (slope) the uptrend is** ** I will re-evaluate the chart and targets during the megabull and provide an update on a possible final target Check out my profile for my social media links and website. Your support via donations would be very appreciated / helpful, as all the material on my website is free to you! I am here to help. Feel free to ask me questions or Private Message me directly.
BITSTAMP:BTCUSDLong
by BitcoinGuru
18
USDCNY: The trend that keeps on givingI'd like to bring your attention to the $USDCNY monthly chart here. If we examine previous levels of support and resistance, and analyze price action using Tim West's methods, we could conclude that the uptrend in this pair, and logically, the one in Bitcoin, has still ample upside in its future. It would be logical to observe 19% more upside in $USDCNY, and 760% more in $BTCCNY, if we maintain the current uptrend speed, which is yet to be seen. For now, we can look to fade short term and intermediate term selloffs in these instruments, with considerable comfort, and a rather high win rate. My preference is to hold bitcoin positions, but we can speculate on both instruments, and also in smaller timeframes. Good luck, Ivan Labrie.
Long
by IvanLabrie
3
Miner Revenue / BTC Price DisequilibriumPost halvening obviously miners revenue takes a big hit. Looking at this chart, Bitcoin Price has not yet responded to bring the two back into equilibrium. Assuming Demand can sustain a price of around $970 my target is adjusted here on this economic basis alone. Supply will be limited to an appropriate price and fees will rise to cover costs. There will be serious fireworks if the price isnt supported by demand. This is just a theory and isnt advice but it supports why we are seeing a steady rise going against some technicals which would suggest a pull back.
BITSTAMP:BTCUSDLong
by filbfilb
4