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NeuroticFish

legendary

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Quote from: Symmetrick on October 04, 2022, 05:06:13 PM

Q3 2022 closed in the red zone. 2022 was the first year with 3 consecutive red quarters:

Well, if you count the quarters in the same year, you're right. Still, Q3/2014,Q4/2014,Q1/2015 for example were also consecutive red and, if we look like that even 4 consecutive red quarters did happen.
Plus, these 3 months were not as bad (in percent) like the 2018-2019 reds.

Quote from: Symmetrick on October 04, 2022, 05:06:13 PM

What are your expectations for the end of this year? In what price zone do you expect this year to close?

30-35k is a good range for the end of the year. Even maybe a bit optimistic.
I expect the bear market end in this Q4 and the price start slowly rise. Depending on how early or late the reversal happens, the price may get to only 25-30k, or to a better 30-35k.

Quote from: _act_ on October 05, 2022, 01:28:32 AM

Nonetheless, it is good to hold now.

That's correct. All the charts tell we're in HODL/buy zone (pricewise).

_act_

legendary

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Lightning network is good with small amount of BTC

It is quite surprising that the first three quarters this year all closed with the bears prevailing, but the first and the third quarters were not that volatile, but the second quarter was very volatile. When I calculated the three volatility, not up to 50%, not up to those of the previous times, this still make me want to believe that we still have the best year of less volatility if compared to other years.

Fourth quarter is much more in favour of the bulls, but the low volatility still make me to be confused. Where bitcoin price is for now, it is confusing if the market may fall or not, maybe the consolidation would be at lesser price around $10000 to $15000, or if the price will increase or not.

But what I think about this is that the price of bitcoin may not increase above $30000 until next year. If not increase to that price till next year, that means we may begin next year with bull run that can increase bitcoin price up to half of all-time-high which is around $35000 or slightly more.

Nonetheless, it is good to hold now.

Fundamentals Of

sr. member

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I don't expect that the entire four quarters of 2022 would all be in red. That would be too much. The first three quarters, they could be expected as the macro conditions of the whole global economy are in bad form thanks to the pandemic and all the economic response of countries. It definitely doesn't help that Russia attacks Ukraine and causes instability to the whole of Europe and even the rest of the world. But things are getting better now. So I'd expect Bitcoin to get better as well. Also October and even December are good months for Bitcoin. We will see if they repeat this time.

crwth

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I believe that what would happen with the price in the short term is it would still stay in the range of 13500 ~ 16000. A lot of people might be expecting that there would be a bull run since it's the holiday season, and a lot of people would have money. With the end of the year, it could still be in the 20k range or maybe lower.

It's not supposed to be a big deal to have consecutive quarters on the red since it happened with the green. It can occur in the red as well. It's optimistic to see it in the longer term, but it wouldn't be for a short time.

Dave1

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Quote from: Symmetrick on October 04, 2022, 05:06:13 PM

What are your expectations for the end of this year? In what price zone do you expect this year to close?

Probably just the same as the previous bear market of 2018-2019, not that much run, but probably just above $20k.

In December we might see an attempt to move at $25-$30k, but we might failed after several attempts and end the year around $20k-$22k.
And I don't see any lower lows, so it's good at least because there is a prediction that we might feel to a new floor price. But the price seems to be stabilizing just above $20k and this might be the case up to the end of the year.

cryptoaddictchie

legendary

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Quote from: Symmetrick on October 04, 2022, 05:06:13 PM

What are your expectations for the end of this year? In what price zone do you expect this year to close?

I think on Months of November and December it will start to bounce. Based on the past, these are the months that usually go up. Im noy expert on technical analysis but basic graph shows that its on consolidation and there will come a time it needs to break those hard resistance that weve been seeing these past few months. Of course Im not sure but accumulating now is good while everything is down. Well Im hoping for a good time it could recover and if not this year maybe in the next 2 yrs prior to bitcoin halving.

STT

legendary

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This whole year has been a revision of prior pricing from the very top top back to the lows. The only thing to debate now is have we finished the lowest prices or does it need to explore all of the prices in the teens before we are done.
I do think we can end the year higher at green if not a large magnitude move but I wouldnt want to bet on it until I see this next move complete or fail. This is the 50 day average, I just need to see us trade above it convincingly for some time then I believe the whole quarter will be green and that too will be a confirmation of price action. Ultimately we benefit from BTC being more solid and sure of its own pricing under stress not just hype, buyers who leave etc.

milewilda

legendary

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Quote from: Symmetrick on October 04, 2022, 05:06:13 PM

What are your expectations for the end of this year? In what price zone do you expect this year to close?

Hopefully it would be already green for the last quarter or few months of this year.If we do look on the technical aspect then it had already formed that descending triangle which we could really presume
out that this might be the bottom line for possible reversal or change trend but we cant really be always sure and do still have those doubts.Even myself doesnt really expect nor being that too hopeful
when it comes to this because you cant really be able to tell if the price would be making out that breakout on that strong support.
Expect the unexpected as always and the most important is placing up yourself on the bottom, if not then do DCA as always.

Symmetrick

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