Check out these charts I made. I'd appreciate feedback.
I'm using the exponential trendline that BTC seems to have been following. Also, I have a 1-hr and 3-mo extremes Fibonacci retracement (ignore the first one).
I'm speculating that BTC will reach between $304 and $377 by anywhere from the end of the month until mid-January, and then bounce back up conservatively.
Here's an overview:
Detail:
and a projection of $1700 by the end of 2014 and over $10,000 by 2016:
Gimme some good critique!
I'm using the exponential trendline that BTC seems to have been following. Also, I have a 1-hr and 3-mo extremes Fibonacci retracement (ignore the first one).
I'm speculating that BTC will reach between $304 and $377 by anywhere from the end of the month until mid-January, and then bounce back up conservatively.
Here's an overview:
Detail:
and a projection of $1700 by the end of 2014 and over $10,000 by 2016:
Gimme some good critique!
OK. All that money people were spending on Christmas presents in December, they'll be back to buying bitcoin in January. So highly unlikely that we drop to $300 when we didn't even do that when China fully outlawed bitcoin.
Bitcoin's not a stock so it won't follow the kind of analysis you put in your charts.
Unless you have inside information that the EU is going to outright ban bitcoin in January, then maybe.