It is time of rising.
Yesterday Bitcoin Reached Our Forecast , and its price dropped.
Now in long term Bitcoin Siganls Positive , Lets See Charts.
Daily Chart:
in Long term , First Target is ~ $2600 , but we need Shorter Term , so lets see next charts.
30 Minute Chart:
Bitcoin Will Go up , But maybe after another drop.
As you can see , second Point (c) Could Go lower.
Another Alternative :
and Another low probability Alternative about going down :
bitcoin will go up , but not now. it goes down.
[Important] price base : btc-e.com
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*use this data on your own risk.
**please let me know if you want another cryptocoins Analysis.
I like this. Bitcoin has to go back up. Remember a couple months ago it dropped down to 900. I imagined it would go lower, but it shot up to a new ath. When bitcoin becomes worth tens or hundreds of thousands of dollars, I don't expect it to fluctuate by 100 or 200 dollars. I expect people to be able to hop at a 10 or 30 thousand dollar dip and watch their money pile up...in a perfect world I guess. One can stay hopeful.
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Unlike stocks and other fiat currencies, cryptos are probably the only thing that technical indicators will work because it is not manipulated (fingers crossed).
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Thanks for the analysis. Upvoted resteemed and following
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thank you too :)
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might there be a possibility that it will drop and then stagnate as it evaporates into the other coins?
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i think no, not now.
bitcoin supported by china,.... and i think it will stay strong.
but everything is possible , chart is not all part of the market.
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We should be bottoming from today through the 18th. After the 20th, we start heading back up toward new highs. < == not trading advice.
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