Here is why I think BTSX will go down to $0.025 and then up above $1.00

Started by bitmeat, August 27, 2014, 04:27:07 AM

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Akado

I think this is a good opportunity for BitShares to detach itself from Bitcoin price-wise. I just hope this new bottom can finally end the bear market and everyone goes on a buying spree.
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santaclause102

Quote from: jae208 on October 24, 2014, 07:51:36 AM
will the SuperDAC increase its valuation faster than BTSX?
if investors would not be rational yes :) long term markets are rational...


jae208

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jckj

Chances for bitshares, btc will go down below $400 ~$100 then up. So bitshareers should cath these chances for changing the world.

bitmeat

Quote from: bitmeat on August 30, 2014, 06:51:34 PM
Quote from: liondani on August 30, 2014, 12:40:36 PM
+5% bitmeat for your analysis/prediction.

I want more often to read your predictions and thoughts  ;)
Could you post in regular basis your thought for the market behavior?

Thanks in advance  ;)

You never know what's going to happen, but looking at Fib levels I see this from the sell off to the last bottom:

Start      0.000126
End      0.000039
Diff      -0.000087
38.2% Retr   0.000072
50% Retr     0.000083

61.8% Retr   0.000093
127.2% Ext   0.000151
161.8% Ext   0.000180

So, my expectation, even if we are about to continue downtrend, to resume to 38.2% at least.

In fact all of these are good targets on the way up.

83 target got reached next is 93, then 151 :)

Akado

[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Method-X

Quote from: jsidhu on September 04, 2014, 04:06:17 AM
Quote from: pioneer on September 03, 2014, 11:57:22 PM
Quote from: MeTHoDx on September 03, 2014, 07:49:03 PM
Quote from: changematey on September 03, 2014, 07:07:57 PM
Quote from: bitmeat on September 01, 2014, 06:41:44 PM

I might re-enter at these levels, I expect it to go down.
Awesome charts. Which site?

http://www.sosobtc.com/kline/btsx/btc38.html

Anyone know if this code is open source? I'll host an english version if it is.

I prefer cryptrader any day: https://cryptrader.com/charts/bter/btsx/btc
They use Tradingview's API, and thus have many different indicators for technical analysis.

soso is only better because of the volume... someone should port soso over to english.. i do the javascript trick to get prices in bitcoin but would be better if it were english.

Is the code open source?
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cygnify

Quote from: MeTHoDx on September 03, 2014, 07:49:03 PM
Quote from: changematey on September 03, 2014, 07:07:57 PM
Quote from: bitmeat on September 01, 2014, 06:41:44 PM

I might re-enter at these levels, I expect it to go down.
Awesome charts. Which site?

http://www.sosobtc.com/kline/btsx/btc38.html

Anyone know if this code is open source? I'll host an english version if it is.

Please do, with prices in btc by default! :)

jsidhu

Quote from: pioneer on September 03, 2014, 11:57:22 PM
Quote from: MeTHoDx on September 03, 2014, 07:49:03 PM
Quote from: changematey on September 03, 2014, 07:07:57 PM
Quote from: bitmeat on September 01, 2014, 06:41:44 PM

I might re-enter at these levels, I expect it to go down.
Awesome charts. Which site?

http://www.sosobtc.com/kline/btsx/btc38.html

Anyone know if this code is open source? I'll host an english version if it is.

I prefer cryptrader any day: https://cryptrader.com/charts/bter/btsx/btc
They use Tradingview's API, and thus have many different indicators for technical analysis.

soso is only better because of the volume... someone should port soso over to english.. i do the javascript trick to get prices in bitcoin but would be better if it were english.
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delegate: dev.sidhujag

pioneer

Quote from: MeTHoDx on September 03, 2014, 07:49:03 PM
Quote from: changematey on September 03, 2014, 07:07:57 PM
Quote from: bitmeat on September 01, 2014, 06:41:44 PM

I might re-enter at these levels, I expect it to go down.
Awesome charts. Which site?

http://www.sosobtc.com/kline/btsx/btc38.html

Anyone know if this code is open source? I'll host an english version if it is.

I prefer cryptrader any day: https://cryptrader.com/charts/bter/btsx/btc
They use Tradingview's API, and thus have many different indicators for technical analysis.

Method-X

[url="https://edabit.com"]https://edabit.com[/url]

changematey


mf-tzo

I feel that we will stabilize here for a while...I don't expect further downtrend and the next wave will surpass litecoin..
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kisa

Quote from: bitmeat on September 02, 2014, 12:36:22 PM
Quote from: kisa0145 on September 02, 2014, 12:29:44 PM
normal yes, but i thought crazy buying hype was some 10 days ago, and crazy profit taking was some 5 days ago... so i expected the daily volume to stabilize around 200K since the price was hovering at current levels for a few days now.... But the volume kept high, so I was wondering about the timing for this reduction. whatever. one can probably artificially increase the volume shown just by churning BTSX holdings on some exchanges via a bot, no?

It was also extended weekend - holiday in the US.

+5%

Quote from: Riverhead on September 02, 2014, 12:38:55 PM
Ya, you can sell coins to yourself but you'd get killed by transaction fees doing it for very long.

Quote from: xeroc on September 02, 2014, 12:35:21 PM
Trading usually costs fee .. unless you have too much money trade back and forth like crazy doesn't make too much sense

agreed