Wednesday, 26 February 2014

Bitcoin vs. The Federal Reserve - Andreas Antonopolous and Stefan Molyneux

Excellent discussion between Andreas Antonopoulos and Stafan Molyneux. MtGox's demise has nothing to do with the Bitcoin technology or the future of cryptocurrencies. One bad driver is not enough to blame the whole car manufacturing industry...

The RSI index points, once more, to an increase in the price of Bitcoin

Sunday, 23 February 2014

Tuesday, 11 February 2014

Bullish doji star on Bitcoin's daily charts? (Morning doji star)

I checked the hourly daily Bitstamp chart and saw a morning doji star. I am not a cundlestick expert but this pattern shows an imminent increase in the price of Bitcoin. 

The RSI also points to an increase in the price.


Feel free to share your thoughts if you like technical analysis.

Friday, 7 February 2014

Did social media sentiment analysis predict the recent decline in the price of Bitcoin?

According to the top chart, we observed a major decline in the sentiment for Bitcoin (major bear signal) on 28 January 2014. The decline in the price of Bitcoin started a few days later, on 5 February 2014.

Historically, we prediceted a similar decline on 5 December 2013, which led to a decline in the price for Bitcoin on 18 December 2013.

The conclusion is that major shifts in the sentiment of Bitcoin possibly indicate an imminent change in the price of Bitcoin. We will keep collecting data for more accurate forecasts.