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As you can see, we are sitting on the support once again and the shape in green is pretty much the same as in June. We're gonna hit the red line and fall somewhere near 200 USD. But before - why not earn some money? Stoch RSI is oversold.

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Whales are not eager to bid in the bitcoin auction. It is not a good sign at all. www.coindesk.com This surely won't help us to go up again. Because we are at the end of the yellow triangle, the only reasonable result of the news is a downward movement.

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Three months ago I published an idea (see: Related ideas) which is still very possible. I added more bad news that I googled. I updated the bats to be more precise, but my prediction of C in the second bat was perfect. Let's see what about D. Have a look in RSI - it looks very bullish (yellow lines). We shouldn't have much to worry about.

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the chart is self-explainable. Check out the other updates of my most successful Bitcoin analysis.

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Target: 440

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The Update #1 of my idea was another success. Here is my next prediction.

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Isn't it too perfect to become true? Don't be shy - share your opinions in the comments section!

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Everything worked as I had predicted (see the related idea). At present, there should be a correction after the failed breakout of the main resistance line (green). If you zoom, you will see an evening star forming, so there is a great possibility of short-term downward movement. Moreover, the bat like this is a signal of downward reversal:...

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A month ago I published an idea called Bitcoin Bubble Retracement: The Most Probable Scenario. Have a look at related ideas. Everything has already become true, but a bit sooner than I expected. Another two succesful ideas were called Update #1 on Bitcoin's Reversal: BITCOIN BULL FLAG and Bats + Bad News + RSI + Support => Reversal? What can I say about this one...

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Thanks to MoonTrader I implied a descending wedge into the bitcoin bubble retracement analysis. Here you have two different possibilities on how bitcoin can behave in future. I am bullish and I guess I am not the only one. Have a look at the picture: oi60.tinypic.com The chart shows the sudden increase of the price followed by sudden return to the same lavel....

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I've been thinking on my latest prognosis and something couldn't let me go. I was wondering, whether my bullflag was a correct way of thinking. I knew the triangle theory a bit, so I googled triangles and found this: www.stock-trading-infocentre.com There are many ways to draw, what you want to see. But I know that the best ideas are usually the simplest ones....

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Two weeks ago I predicted the reversal following bad news from Russia (check the related idea). In this chart I have implemented the green bull flag. We are very close to the end of the flag, which is a strong signal for next high. I am short in the short term: Target: 300 USD

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As we touch black support line, I've found that the last time we bounced off it was correlated with bad news from China. Do you think that we can observe a repetetive scenario?

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What else can I say?

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This is the continuation of my idea called Bitcoin Bubble Retracement (link below). I've published also more bullish ideas since this one. However this seems to become true. Target: 260 $

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I continue my analysis and have found some interesting bats. It would be a fair ground for the hopefully upcoming green channel. The green channel is the reason, why I drew an alternate bat. Have a look also on the RSI. It may have just fullfilled my latest prediction based on the head & shoulders idea. Below you can check my earlier charts with ideas that seem...

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I've just came up with the idea of H&S in RSI and look - there was no clear downward head since July 2013. Is this sign strong enough to buy?

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First of all, thanks for your feedback. On the left side of the fibo flag you have the price borders. It looks like 270 USD should be our last stop before going up. What do you think?