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
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
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.
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 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
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
This live stream of our planet was activated on board of the International Space Station in April 2014 as an experiment to see how well cameras and similar equipment handle the harsh space environment. Just look how peaceful everything seems from up there. If you don’t see anything it just means that the International Space Station is currently on the dark side of the planet. (the area with no sunlight). To read more about the experiment visit the High Definition Earth Viewing page (link missing, sorry).
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
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
I didn’t have anything better to do today so I decided to learn a little bit how to communicate with MYSQL databases using PHP. With this wonderful tutorial to help me I was able to construct a very basic guestbook script in about 4 hours. I know it shouldn’t take that long, but please keep in mind that this is my first ever attempt to create something like this with MYSQL and PHP. Here’s a screenshot of the actual guestbook in action: As you can see it’s very basic, nothing fancy. You might notice that the title of my guestbook... View Article