BTC/USD to 100k by 2021This chart that overlays an analysis (from wizsec) of how much hot/cold BTC Mt. Gox had in the years leading up to their closure, while they were in the process of having coins stolen. It shows that there was definitely an overlap in potential Mt. Gox theft activity, bot activity, and the mega bubble.
i.imgur.com
At the bottom of the same chart, you can also compare with /u/_supert_'s price prediction model which is based on tx growth. Notice the model has a major divergence during the period where the Gox thieves would be unloading 100s of thousands of coins, but then it settles back into it's original growth slope.
Conclusion: The mega bubble was driven by fraudulent/inorganic activity and we should not expect a repeat. However, fundamentals are strong and adoption continues to grow. It may be wise to take a multi-year outlook.
I believe we're still low on the S-curve of technology adoption, and thus there's no reason to believe that we will cease exponential growth yet. See " Speculative Adoption Theory " for a great read.
Near term, we could go as low as 1600 while remaining bullish. Long term, we should see $50k or even $100k coins by the end of 2020.
BTCUSD1W
Decision Week HypothesisThis idea pertains to futures contracts and how they may or may not be a leading indicator in a given quarter and merely correlative.
Hypothesis: The week following the opening of a new quarterly contract signals sentiment for the quarter and therefore price direction.
(Null hypothesis: The week following the opening of a new quarterly contract has no effect on price direction. No way to truly test this without a control of some kind.)
I think the bullish reversal in June was quashed due to the blockchain size FUD, ie an issue with the fundamentals of Bitcoin. Had that not occurred, price would have likely broke the $300 ceiling much sooner than the end of October. Currently, the debate continues to be an open question with no clear resolution.
Because of the limited data stored on TradingView, I only have 4 data points, but I believe OKC quarterly contracts only began around August 2014 anyway.
Some scenarios to consider
Decision week has a:
Higher Close = bullish continuation for the quarter
Flat Close = reversal, such as what occurred in September 2015
Lower Close = unlikely to happen if we are truly in a bull market, but would also signal a reversal
There is also a giant cup which has formed on the since the last high at $540, the handle should form throughout the week and then finish higher, likely around settlement. The target would be ~$580 to complete that pattern, likely between 12/18-12/25.
Get the futures vs spot indicator here pastebin.com
Long Term Bull: Big Head and ShoulderRight now we are in the middle of a big H&S. I believe there will be a good opportunity to short this week with a PBoC announcement around the corner, probably compulsory KYC regulations for Chinese exchanges.
After that, close mid 800's and buy in long for the moon.
Crystal Ball Projection: BTC going to 5k in '17 then 40k in '18We're approaching an historical convergence – between the active bull trendline and the current all-time-high. Price will either break through the bull trendline and initiate a bear trend, or it will bust through the yellow line to form a new all-time-high.
I've entertained the idea that Bitcoin might be over it's high-volatility days, and that may very well be the case. But the more you think about it, if you believe will grow to $100B+ market cap, there will have to be more hype cycles and volatility on the way. EVERYTHING CHANGES once we hit new highs.
LONG TERM BULL PARADEThis will be the most epic bubble ever seen in Finance History.
Althought I'm an early supporter and actual supporter of BTC & Blockchain tech, and I weight its value far away upper from the actual price in the magnitude of thousands and thousands dollars, all the big players are in and 2017 will be a crazy year for BTC and #bitcoin holders.
Long term Bull is confirmed until the green trendline is not broken downwards in a continuateive trend. (But i strongly suppose this will not happen so easily, very small probability of reaching this scenario)
Have fun and HODL!
(Also don't trade what you cannot afford to lose and set a proper SL, ALWAYS!!)
long on Bitcointhe entyr area descibed
enter when the price down to 775
then buy again at 750 and 725 if the price catch it
your target is 1072
then wait for price action , i belive that the price will be 1100 , if the price reach this level ,trust me you can buy again targeting 1800 usd
i will be here for more infomations and updates .
see you at the next trade .
Rip Van Winklevoss?As many of you know crypto is not my field and I would rather leave this to the experts, after many requests from previous btccny idea (see below) falling just shy of 100 cny from out 9k target we came close but no cigar.
On the macro side CNY buyers have put the moon path on pause for the second half of January - 5841.68 is the flip, if we don't put our fists through this then expect another test of 4898.12 and possibly 4442.33 before any further relief.
To date, 4898.12 held giving more meaning to our next attempt at punching through 6897.18 and 7009.13
Gl guys, please comment your views and if the levels helped give the idea a thumbs up, cheers!
BTC All time HighIt has broken all time high and new targets are as follow according to Fib Extensions.
1st 1400$
2nd 1980$
The red arrow shows the possibility of stopping below 1400$ and bringing the panic sellers which bought higher than 1000$
Fundamentals:
Following weeks will start blowing the news of Kim and his promised Bitcache and Megaupload 2.0
that should drive the buying.
As always Be safe.
Time to short the bitcoinGreat opportunity to short the bitcoin right now, risking only 0.75% to get 20%+
btc/$traders,
as most of you saw the previous btc short got stopped for a cool 25k (related ideas)
still covering from 720, and added again at 623, if this fails will close 720 for small p and wait for kneejerk up to flibbr's infamous 1000 level to go HAM loading up on S again
no mass adoption... no B2B transaction capabilities.... no proprietary moats.... incoming competing coins
all = lower btc price
gl
Likes and comments always appreciated thanks guys.
#moneylong
LTC & BTC Multi-Idea I'm not convinced that BTCUSD has finished shaking everyone out before it continues trend, it may not dip so low but I think it will dip below 540. Same goes for LTCUSD but 3.335 would be a hard stop for the litecoin.
With LTCUSD retaining its value and BTCUSD losing more value, LTCBTC pair will likely return to mean approximately the same price it was before BTCUSD rallied.
There is Bullish Divergence on LTCBTC and OBVs for all 3 correlate with predicted price action. BTCUSD and LTCUSD are still long term bullish, there's no indication as of yet that they aren't.
Pullback TimeAgain Higher High in Price and Lower High in MFI Clear Sign of at least a Pullback or Reversal to Lower Red,
StochRSI is Overbought and Price is at Important Cross of Two Significant Lines.
BTC | The final countdown.Big dump from 3015 and now retracing that dump, it'll retest the structure, fail and drop.
Once it begins to drop, depending on market sentiment it could floor to 2800 or bounce at 2850 support.
After ~2 days consolidation from the point it hits, it will fly up to resistance and test for the third time with a breakthrough.
Shorting the bounce then longing the bottom.
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?