Short Term Bitcoin Forecast Update This is to update on our bitcoin forecast from yesterday: Yesterday, we stated: “Combined with our latest bitcoin forecast that we issued yesterday to premium members, we can now say with 65% confidence: We will see a bitcoin price breakout or breakdown in the next hours. Most probably, we will see at least a 10 $ move up or down.” Bitcoin Chart from January 31, 2015 Bitcoin Chart from February 1, 2015 And below we can see what happened. In fact, just a few hours later, bitcoin prices dropped like a stone: From, 232 $ down …
Bitcoin Forecast January 31, 2015: Breakout or -Down In The Next Hours
Short Term Bitcoin Forecast Alert We are at the end of our FREE WEEK. Over the past week, we have been issuing frequent free forecasts for various cryptocurrencies: The bitcoin forecast, monero forecast, litecoin forecast, ripple forecast, stellar forecast and Nxt forecast. Today, we provide a little snapshot of our typical premium coverage. In the very short term timeframe, the one hour chart, we can clearly see the Bollinger Bands shrinking to extreme lows. Combined with our latest bitcoin forecast that we issued yesterday to premium members, we can now say with 65% confidence: We will see a bitcoin price breakout or breakdown …
Bitcoin Forecast Review: It Was A Ride!
How The Bitcoin Forecast Was Nailed in 2013 It is Saturday and cold outside. I have been sitting on the couch for a while. Then, I started to look through some of the bitcoin forecast history. Then, I stumbled over the volatile 2013 period. Finally, I decided to share some of this history with you. You will see in the following an interesting string of charts. This shows that technical analysis can avoid the confusing emotions during big rallies and declines. (Apologies for the various different chart layouts. But at that time, bitcoin charting was quite tedious. Often, charts had to …
Bear Markets are Difficult, Especially for Bitcoin
Originally published in the BullBear Analytics Weekly Report released on 1/28/2014. Partial excerpt only. Written by @AKWAnalytics. As much as many readers will be displeased to hear that there is still substanial near term risk to the downside, take solace in the notion that there appears to be a light at the end of the tunnel, just now barely peeking through the darkness. Patience. Bear markets are tough, especially ones that are not subject to the whims of central bankers, yet are subject to the full range of human emotions and our good ole friend ‘supply and demand’. A commodity market …
The Looming “Hard Fork Missile Crisis”
Originally published in the BullBear Analytics Weekly Report released on 1/21/2014. Partial excerpt only. Written by @AKWAnalytics. We will leave the price talk to the analytical sections below because this week we want to discuss a pressing and existentially important issue facing bitcoin at the present time. Few are aware of this potential crisis, which is why we are highlighting it here. First, let us start by saying that this is in no way meant to induce panic, or any other emotion for that matter. We simply want to inform our readers. So what’s going on? What is now being referred …
Bitcoin Predictions Review: How To Outperform Buy & Hold
Written by S3052. Bitcoin Predictions Review We want to review the bitcoin predictions over the past two years. First, it is clear that bitcoin prices are in a severe bear market since the early 2014 top at 1175 $ (basis bitfinex prices). At currently 194 $ when writing this article, Bitcoin prices are down -83.49%. There are a few services in the bitcoin sphere who tried to predict the bitcoin price at that time. Most of them actually predicted a further rally. And on the bitcointalk forum, the bullish sentiment was even more excessive: See example here: “reach far more than 10,000…”. The …
2015 Bitcoin Predictions
Originally published in the BullBear Analytics Weekly Report released on 1/2/2015. Partial excerpt only. Written by @AKWAnalytics. Bitcoin 2014 was a year of beneath the surface progress that had little impact on people’s willingness to buy and/or hold bitcoins. Additionally, we saw a large influx of new merchants accepting and coverting bitcoin, and miners being able to ubiquitously use ASIC’s for the first time in bitcoin’s histoy. The relatively stable demand picture combined with the increasing in supply created a glut in 2014 that put pressure on prices throughout the year. While we do not expect much more downside in price …
Can Technical Analysis Give A Good Cryptocurrency Forecast?
It is very clear that technical analyses of the bitcoin markets work very well. The clearest evidence is the outperformance of our Bitcoin BullBear Forecast: +1,662.93% more profit than buying and holding bitcoin during the same period. Recently, a few people asked us: “does your technical analysis also work for other cryptocurrencies”. Well, let’s review this. In September 2014, we have started to cover other cryptocurrencies forecasts. Specifically, we gave a BUY rating for Ripple when it was trading at 0.00000986 BTC = 986 Satoshis. So what happened then? Indeed, Ripple broke out to new highs and is now trading …
Bitcoin Price Craters as 2014 Comes to an End (Finally)
Originally published in the BullBear Analytics Weekly Report released on 12/18/2014. Partial excerpt only. Written by @AKWAnalytics. Bitcoin has had one of its roughest weeks in quite some time as global macro events have finally bled into the price action. While catching falling knives is not what we specialize in, we do think at least a short term respite is coming as the new year approaches. There is no doubt that bitcoin is currently in the doldrums of international financial instruments, espcecially if you were to judge progress solely by the barrage of negative press coverage this week. We have seen …
Bitcoin Price Flatlines Ahead of Silk Road Auction
Originally published in the BullBear Analytics Weekly Report released on 12/3/2014. Partial excerpt only. Written by @AKWAnalytics. As we all know by now, the USMS will be auctioning off another 50,000 bitcoins that were acqured by the US government in the Silk Road bust last year. While the initial announcement spooked the market momentarily, it seems that traders are taking a “wait and see” approach. In our opinion, the growth in the maturity of the bitcoin market is impressive and is exemplified by the muted reaction leading up to what would seem to be a seminal event (auction). This apparent evolution …