Filed under Finance

It wasn’t Elliott, at least not yet… Further speculation on the price of Bitcoin

December 11, 2014 2:17 pm Published by Leave your thoughts

No Elliott in sight In my last post about Bitcoin I was fairly convinced that we have entered the final stages of the Elliott wave theory, but looking at the charts today it’s clear that it wasn’t exactly true. The market started going sideways in the last few days of November and continued to do so for an entire week of December until on the 8th of December the bears finally gave up and bit the bulls in the ass hard. As I saw it unravel I tried to get rid of the coins I was holding, but I wasn’t... View Article

Bitcoin price likely to increase as we have entered the Elliott 5th wave

November 24, 2014 2:31 pm Published by 1 Comment

Elliott 5th wave This screenshot shows a trend line that I drew from the lowest point moving upwards. So far so good! The last two bullish candles indicate the 5th wave in the Elliott Wave sequence and according to that logic we can expect the price to move higher than the highest bullish candle that you can also see on the screenshot. This could mean that in the near future we might reach the $450+ area. Other aspects of my technical analysis are also showing a green light. Let’s take a look!       MACD seems to be crossing... View Article

Was the recent Bitcoin rally just temporary?

November 20, 2014 12:10 pm Published by Leave your thoughts

Is it over already? The last week’s rally was simply awesome. Congrats to anyone who got a chance to ride the wave along with us. The price started to gain momentum from $320 days before the actual jump took place, but the signs of it happening were all over the place. In just a few days we went from $320 to almost $460 so a correction was bound to happen. In my previous Bitcoin price prediction article I estimated the price to linger in the $410 – $420 area for a few days and then proceed to gain strength once... View Article

Introducing virtual currency called VidCoin that you can earn by watching fun videos

November 19, 2014 11:56 pm Published by Leave your thoughts

What is VidCoin? VidCoin is an experimental online e-currency that can only be earned by watching short videos on the official VidCoin website. There is no registration form! VidCoin uses your unique Facebook identity to securely log you into the members area where you can find videos to watch. Upon logging in for the first time VidCoin will ask for your Bitcoin wallet so that we can make payments to you in the future. Make sure to enter your valid Bitcoin wallet because it can only be changed manually by the administrator later on.

Correction in the Bitcoin price and what to expect later this month

November 13, 2014 5:39 pm Published by 1 Comment

I underestimated the market Guess I have underestimated the buyers potential and also the significance of the recent hidden service raid that FBI conducted earlier this week. Just look at that wonderful green bullish candle 🙂 There’s clearly a connection between the raid and the price movement here because last time FBI closed one of the biggest darknet marketplaces and confiscated millions of dollars in Bitcoins the price skyrocketed exactly the same way just a few days later. After they put those coins out for auction the price obviously fell and now we can see the same thing happening all... View Article

Riding the Bitcoin bulls – Not too late to enter

November 12, 2014 2:48 pm Published by Leave your thoughts

Riding the bulls The last few days have simply been amazing. On the 9th of November I published a short article about the bullish movement of Bitcoin and just three days later the price has reached $400 USD. So what now? If you look at what happened on the 11th and 10th of November then you can see a great struggle between the bulls and the bears. The market was unsure how to react, but it is clear to everyone now that bulls have won this battle. At least for the moment. Depending on how today’s candle will close we... View Article

The long waited confirmation for bullish Bitcoin

November 9, 2014 2:28 pm Published by Leave your thoughts

It’s happening! First of all check out how well the support level (black horizontal line on the chart) has been holding. The price bounced right back up after hitting it the second time with a significantly lower selling strength. This means that the buyers are slowly gaining strength and it’s well known that all the prices anywhere tend to go up much slower than when they fell. That’s why the bulls are always more patient traders and bears try to bite it quickly.   Let’s check out MACD When we add the MACD (moving average convergence/divergence) indicator to our charts... View Article

Bitcoin… oh Bitcoin, what are you up to now?

November 5, 2014 3:10 pm Published by Leave your thoughts

Bitcoin price trend   When you look at the overall chart you can clearly see that the price of Bitcoin has gradually declined since June 2013. However, the lowest point of around $280 was reached in October and it hasn’t been touched any more. It seems to me that there is a great potential for trend reversal especially because the last three days have closed higher than the previous.   We have to wait a little longer to confirm this, but things are looking rather good in my opinion. Remember 10 days ago where I didn’t recommend opening a position... View Article

Bitcoin price acting as expected. Is it time to open a long position?

October 26, 2014 11:06 am Published by 1 Comment

More than a week ago I made a bold prediction about the Bitcoin price and suggested that it would probably touch the $400 mark, maybe even $420 before going down again. Guess I was right! A few days later the price moved up to $420 and gradually started falling until yesterday, the 25th of October, we finally met our first support level around the $350 area. So… now what? There is definitely room for the price to move further below all the way up to $280 which seems to be a very strong support level. Then again our current position... View Article

Behold! The Bitcoin bulls have returned and prices are now on the rise

October 14, 2014 12:52 pm Published by Leave your thoughts

 The bulls have returned Just three days after I published my bold Bitcoin price prediction the price has behaved exactly as predicted. After gently touching the $280 area the price held steady on $350+ for a few days and later climbed to $400. In my previous article I mentioned how media can influence buyers and sellers: ” I wouldn’t be surprised when in about a month Bitcoin will receive more media coverage and everyone would be saying that it’s the perfect time to buy more coins due to the relatively cheap price compared to what it was 6 months ago.... View Article