Prices continue to advance at a good pace, on the left there is a daily chart of Bitstamp exchange. The reaction from the VWAP has been strong and i think there is a possibility to reach a new target at about $ 475 where there is the second deviation of the VWAP that has now shifted upwards from $410 of the previous update up to $475. Even calculating with my method the price target for the end of the month i have about the same level of resistance at 475$ using a conservative volatility factor , instead using the historical volatility of the bitcoin (that is much higher), price target for this month is higher at about $ 525; hardly the prices at Bitstamp will exceed $ 525 this month.
The support zone is always the same and it goes from the VWAP ($ 295) down to the first negative deviation ($ 210), these two levels define the range of prices where i think you will see a very aggressive buying activity in case of a strong drop.
Hello Enky.
I really appreciate your support here on the site.
I am a beginner and my head goes from the past
Can ever expect to fall? This is diabolical rise. Quitting in the orient.
Enky, once at 475 resistance should a similar retrace as last one at 410 be expected
The price seems so stable these days. 475 reached
i predict 1000 usd for the end of the year
Now that it’s 560 on gox, and 493 on stamp… what are your thoughts?
Well … Look at BTCChina … it is even higher than Gox … don’t you think that Bitstamp is just “behind” at bit?
Even BTC-e is higher than Bitstamp right now?
Regards
What do you think this article will do with the price? http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html. I’m still waiting for a drop, but i’m not so confident any more that that will happen soon.