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Bitcoin at $160 or $1160? what do you think? and why? Chart by ZarNegar by joseph

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· @joseph ·
$12.92
Bitcoin at $160 or $1160? what do you think? and why? Chart by ZarNegar
ZarNegar is a pro TA, he just predicted a $500 move for bitcoin, either down to $160 or up to $1160, with $1160 being the more likely move.  What do you think Bitcoin's next big move will be? what is your time frame for such a move? 

I do not follow TA much, but I believe bitcoin will hit new high, end of 2016 - beginning of 2017.

You can find Zar's charts on tradingview: https://www.tradingview.com/u/ZarNegar/

https://i.imgsafe.org/f2b926d4bc.png

@joseph
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@bleujay · (edited)
Thank you for posting @joseph.  Higher......and higher.....and higher.  Why...why not...national currencies are depreciating, ie. pound sterling, yuan and others...the populace are looking for a way to retain value, BTC will be a contender as traditional hard assets can be hard to come by.  Notice each time the yuan is devalued, BTC has gone up in price.  For now the buyers are in the one percent....wait until it becomes better known in China.
👍  ,
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@stranger27 ·
Totally agree with it.
👍  
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@stranger27 ·
I expect 820-1000 till the end of the year , then price will go down, and in spring - new uptrend. The reason - fundamental news (segwit, Wilkinson's fund, etc) and TA by Elliot Waves.
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@anotherjoe ·
Have you done the EW on this?
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@maarnio ·
I have. You can check my blog.
👍  , , ,
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@stranger27 ·
it is in my mind. I see it, looking at chart.
👍  , , ,
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@serejandmyself ·
Lets hope its the upper end
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@saramiller ·
Obviously everyone who has bitcoin wants the price to go up, plus it looks like a desirable alternative to standard fiat currencies as does silver & gold, but higher price will increase trading volume. Is the block size increasing? How will that be supported?
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@pollux.one ·
I expect BTC this year at a minimum of 750. The 1160 will be reached early next year. 

Why: The Fiat System is so much fckd up to a point of no return, that either it will collapse  (wich will rocket BTC into never expected hights), OR BTC will be limited by difficulties imposed by states to conserve their power over currencies. This will slow down growth, but still I guess, it will be very difficult to stop BTC in the position it is atm.
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@hanamana ·
Thanks for upvoting my new sales career post.  Upvoted this.
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@michaelstobiersk ·
☆☆☆☆☆
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@steemokto · (edited)
I expect 800 - 900$ until December. Litecoin will probably show the same tendency. For steem I expect a slow drop to 0.10$ over the next year because there are too dominant whales and not enough big fish. Also curation shows a tendency to be more corruption-driven rather than quality based. Quantity seems to produce a higher value over all than quality content.
Dash and Monero will probably drop slowly in value. Startcoin, Namecoin and bitShares will gain
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