[2018-08-18] Breakdown Over? Bitcoin Indicators Suggest Price Is Improving

gentlemand

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Welt Am Draht

Quote from: cryptofonia on August 17, 2018, 08:08:18 AM

Arthur Hayes of BitMEX believes $50,000 of Bitcoin until the end of this year.

Arthur Hayes makes truckfuls of money no matter what the actual price does. His job is to keep attracting saps to his casino so he can relieve them of their money so any prediction of his is going to be coloured by that.

People should be treating this nowhereland as an opportunity to get on with other aspects of their lives. Unlike 2014/15 when there were moments where it really did feel like things could dwindle to nothing, Bitcoin long term is looking stronger than ever.

There may be higher prices in the near future, there could well be much lower ones. It's all going to be in the 'noise' category so the only people who should be paying close attention are the degenerate gamblers on leverage.

Ridwan Fauzi

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Quote from: Unikol on August 17, 2018, 07:01:13 PM

Quote from: Nebula Crook on August 16, 2018, 01:38:04 PM

Over the past few days bitcoin has managed to stay around 6K and now moving in the range of 6200-6500 USD mark.

It could break 7k in the next month.

Seeing market sentiment, bitcoin prices will rise again to $ 7000 prices before next month, it means in the next few days the price of bitcoin will reach $ 7000 again. Because now bitcoin arround $6.533 base on coinmarketcap, and we have 14 day to reach $7000 and that will come.

blnsh

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Quote from: AXELNetwork on August 16, 2018, 12:54:23 PM

There's a lot of negative views about the market out there but this article shows us that things are not as grim as they seem and a bounce back is likely:

https://www.coindesk.com/breakdown-over-bitcoin-indicators-suggest-price-outlook-is-improving/

yes, actually bitcoin is the only crypto currency without official "developers team", actually decentralized digital currency and in long time, only BTC will stay alive.
also whole world would probably trust more BTC than any other, I mean generally
in that case BTC gonna be alright Cool

don't panic, just collect your amounts

Unikol

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Quote from: Nebula Crook on August 16, 2018, 01:38:04 PM

Over the past few days bitcoin has managed to stay around 6K and now moving in the range of 6200-6500 USD mark.

It could break 7k in the next month.

BitHodler

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Quote from: cryptofonia on August 17, 2018, 08:08:18 AM

Arthur Hayes of BitMEX believes $50,000 of Bitcoin until the end of this year.

He also stated that Bitcoin would need to bottom out before it pumps (his predicted bottom is $5000). If his predictions hold any value, the price would first need to drop far below people's precious $6000 mark.

That being said, I'm quite bored with all "expert" predictions nowadays. It has become more noise than actual signal, and when that happen you mostly know it's pure desperation.

All the crypto funds have to act overly bullish to not let their clients lose hope and withdraw their capital, but when they are wrong time on time again, people will eventually take their losses and move on.

Accepting losses is way easier than waiting for the market to reach $20,000 this year as experts keep pointing to, which isn't going to happen. Taking your capital out also means no more stress.

cryptofonia

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Quote from: AXELNetwork on August 16, 2018, 12:54:23 PM

There's a lot of negative views about the market out there but this article shows us that things are not as grim as they seem and a bounce back is likely:

https://www.coindesk.com/breakdown-over-bitcoin-indicators-suggest-price-outlook-is-improving/

Arthur Hayes of BitMEX believes $50,000 of Bitcoin until the end of this year.

AXELNetwork

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Quote from: darkangel11 on August 16, 2018, 03:55:23 PM

He's right about that. 1d chart looks very much like the end of a short term sell pressure and the price getting ready for a small bounce back. Just note that since we are still in a bear trend this bounce could (and probably will) end below 7000 USD, that will again show that we have a lower high and are ready for another leg down. We shall see, I'm still full of hope that we can end this bear market without going to 5k.

You're probably right, it won't go that low. Some believe it will still be at 10,000 USD by the end of the year when it's all said and done.

darkangel11

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Don't let others control your BTC -> self custody

He's right about that. 1d chart looks very much like the end of a short term sell pressure and the price getting ready for a small bounce back. Just note that since we are still in a bear trend this bounce could (and probably will) end below 7000 USD, that will again show that we have a lower high and are ready for another leg down. We shall see, I'm still full of hope that we can end this bear market without going to 5k.

Nebula Crook

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Over the past few days bitcoin has managed to stay around 6K and now moving in the range of 6200-6500 USD mark.

AXELNetwork

member

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There's a lot of negative views about the market out there but this article shows us that things are not as grim as they seem and a bounce back is likely:

https://www.coindesk.com/breakdown-over-bitcoin-indicators-suggest-price-outlook-is-improving/

Topic: [2018-08-18] Breakdown Over? Bitcoin Indicators Suggest Price Is Improving (Read 174 times)