Get started

Outlook

This could be the end of Bitcoin's 2014 downtrend! Part IIAfter months of decline Bitcoin has found a bottom at $275 and is trying to move back into the uptrend area at $400 since taking the plane () and after testing the bottom at $315 (). Here is some guidance of where the price is moving in a larger scale right now on a daily chart. Next resistance is $403 and $418. Strong support is at around $338-$339. P.S. If you like my charts, you can leave me a tip: 1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg Thanks!
BITSTAMP:BTCUSD
by ChartArt
10
This could be the end of Bitcoin's 2014 downtrend!After months of decline* Bitcoin is arriving at a bottom. I see the momentum change to become bullish this week in this area above the Fibonacci retracement where Bitcoin is starting to create a double bottom pattern, if you only consider the real body of 1d candlesticks without the lower shadows (wicks). And BTC is currently at my scenario "B": meaning if the price bounces here it would be a strong signal. If not, then we are in for a new tragic slow downtrend for another couple of months in 2015. * () P.S. If you like my charts, you can leave me a tip: 1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg Thanks!
BITSTAMP:BTCUSD
by ChartArt
6
Bitcoin Winter 2014/2015 Outlook: Important price areas to watchNew version! I looked at all the original information from MtGox which is still available on TradingView and noticed that my last chart using Bitstamp prices and pivot dates wasn't aligned perfectly with the real pivot price data from MtGox (which shaped the price from 2010 until the melt down in 2014). BTC has still a high risk too fall even more. The pink Gann fan line is now aligned higher than before, above the current price. And I added a three year average price, also in the color pink. As visible in the chart we are already in the red Fibonacci area behind the blue 1.382 Fibonacci trend line. P.S. If you like my charts, you can leave me a tip: 1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg Thanks!
BITSTAMP:BTCUSD
by ChartArt
4
Back to square one in a few weeks-- UPDATE -- This long-term this risk is still there, but as long as we keep on slowly going up (earlier ) since the massive correction down to $275 then this chart scenario posted here is going to be proven invalid. ----------------- The precise rules of Bitcoin price bubbles vary but it usually involves traders hopping from square to square, missing out the square containing their thrown targets. They go from one to (usually) eight or ten and then back to square one.
BITSTAMP:BTCUSDShort
by ChartArt
2
Bitcoin price doom analysis: Why Bitcoin might crash to $85-$110BTC could go as low as $250 and even $85-$110 is possible. Here is why: My original chart which I made one month ago had the title: "Bitcoin price doom analysis - Why Bitcoin might crash to $333" Sadly BTC is falling even faster than anticipated. BTC is now below a two year moving average price (EMA 720 - the red line) which was at $369! Therefore I'm lowering my most bearish target price from $333 to $100. Everything is possible now. But I hope that BTC bounces at $285-$320 P.S. When I published the chart the price was still higher and I originally wrote: "BTC could go as low as $300-$320"
BITSTAMP:BTCUSDShort
by ChartArt
25
Predicting the next Bitcoin bubble with Stoch RSI and DMI StochObviously the Bitcoin price is currently in oversold territory - meaning the price can still sink a few US Dollar lower, but the price dive shouldn't be as dramatic anymore like it was from $683 to $442 or previously from $1163 to $339. Using two Fibonacci Time Zones interestingly the Coppock curve might reach a low area where the second Fib Time Zone (which started in Summer 2013 at the $63 pivot point) indicates a reversal point on September 14, 2014 (time zone line no. 3). The Directional Movement Index Stochastic and the Directional Movement Index Stochastic Extreme indicators both currently signal a buy cross during the time this chart was published (price at chart creation was $475). P.S. The DMI Stochastic was adapted for TradingView by user TheLark () and user ucsgears changed it to the Extreme version ()
BITSTAMP:BTCUSDLong
by ChartArt
7
The real reason Bitcoin is doomed in Summer 2014It’s been a happy couple of weeks in May, June and July 2014 for Bitcoin enthusiasts like me. Sadly we didn't break out of the overall downtrend since falling from around 1200 US Dollar per Bitcoin in December 2013 so far. I was very enthusiastic in June 2014 that the yearly price increase pattern (bubble) repeats very soon. But 600 US Dollar is only the 50% retracement from the last all-time-high, which opens the risk possibility that the BTC price goes lower than the 0.5 retracement in the coming weeks. The recent move from 560 US Dollar to 607 US Dollar (Bitstamp price) was a bull trap and will therefore turn out as a dead cat bounce on the way down (UPDATE: The price has already fallen from 592 down to 585 since I published this chart 4 hours ago). The Stoch RSI indicator already shows the beginning of a larger downtrend. Lacking bull power, if the Bitcoin price doesn't break out above 700 US Dollar that would mean that the price is in a position to continue the downtrend in the summer. And if Bitcoin stays below 600 US Dollar (current price is around 590 US Dollar) then I expect the price to test the last support area, which is around 400 US Dollar (maybe we bounce of 425 US Dollar or 450 US Dollar). If you need another reason for the current downtrend then check the volume. Here is an example by TerryKinder: The next Fibonacci retracement at 0.618 (61.8%) would mean the BTC price visits 500 US Dollar again. The following lower Fibonacci retracement at 0.764 (76.4%) would bring very critical Bitcoin price support at 350 US Dollar. My analysis is based on many indicators besides the Stoch RSI, maybe I will post all the other signals I found so far as updates in the comments of this chart. However the Stoch RSI alone is very reliable in the weekly chart. I once made a comparison for myself with the MACD vs StochRSI and I would have made much more money (around double the amount) using only the Stoch RSI as indicator in the weekly chart to determine entry and exit since 2012 than if I had used only the MACD. Bullish outlook: If the price goes only down to 500 US Dollar and some very good news brings in much more new Bitcoin users - in that case the downtrend might reverse into a uptrend. Based on the (hypothetical) very good news we could see a new Bitcoin price rally, when we finally break the resistance at 700 US Dollar. That uptrend would then bring us back to test 1000 US Dollar. But we are not there yet. First the price has to clean up in the Summer the overall downtrend from the last all-time-high at 1200 US Dollar. I created this chart as response to the bullish chart created by ItisCalvin: Make sure to visit "related ideas" (see below) where I added my last downtrend corresponding charts. --------- "The point about a prediction is not that it’s true. A prediction is either a warning or a hope. Predictions should never claim to be true. But you can claim they are possibilities that there is something you ought to think about.” - Freeman Dyson
BITSTAMP:BTCUSDShort
by ChartArt
35
A possible path of a big Bitcoin correction (4xForecaster chart)Bitcoin can go both ways - bounce of $600 again or finally make a larger correction and go below $600 US Dollar. Thereby creating the sell pressure to dive down further before it then bounces of somewhere between $585 to $525. Here are my thoughts how the bounce might look like, if Bitcoin makes a large pullback and bounces of $525 and then resumes the uptrend in October, November and December (Q4 2014). This is my adaption of 4xForecaster's bullish Bitcoin outlook. Original version of this chart with his thoughts can be found here: I have added related Bitcoin charts that contributed to my thinking.
BITSTAMP:BTCUSD
by ChartArt
4