Bearish Bitcoin TA - Be careful everyone ... - page 3.

Dave1

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Quote from: Poker Player on September 17, 2021, 11:56:01 PM

Quote from: WePiggy on September 17, 2021, 03:09:10 PM

If history repeats itself we could see a drop down to the thirties again.

Blah, blah, blah. Technical analysis is about probabilities, not certainties, and it fails constantly. Yesterday or the day before yesterday I saw an analysis saying that as we cross the golden cross, we are going to start going up to $200K or thereabouts. I look at technical analysis for entertainment, but as a long term investor it doesn't affect me. I know that Bitcoin in 5 and 10 years is going to be much higher than it is now, so what it does in the next month doesn't matter to me.

In short, long term holders are not affected by this so called experts because, obviously, they just invest their money and look at it in 5-10 years. Others might have forgotten that they have invested after all.

I'm saying a good run today though, very weird, it's weekend, it's supposed to be slow day but the price goes to $48,500. Another indication that it's hard to call the market even at short term.

traderethereum

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Vave.com - Crypto Casino

Thank you for reminding us to be careful in this situation, as we do not know for sure what will happen to bitcoin.
Yes, we could only be careful with anything, especially if the bitcoin price is down to use that time to buy more bitcoin.
But hopefully, the price will not go down too deep and only stay at above $40,000 or it will sideways for some time until the bull run is coming.
The chance for bitcoin to go up or down will be the same because we can make predictions about where bitcoin price will be and from the @OP image, the price can directly going down if the price can not get more support.
Yes, be careful will be the thing that we must concern.

Tessnik

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This is just base on probability and this analysis is base on the previous market conditions, in my prediction Bitcoin will go in the opposite direction, we are not going to see any fallback soon but a rise in the price of Bitcoin before the end of 2021 we will see Bitcoin breaking a new all time high.

Poker Player

legendary

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Quote from: WePiggy on September 17, 2021, 03:09:10 PM

If history repeats itself we could see a drop down to the thirties again.

Blah, blah, blah. Technical analysis is about probabilities, not certainties, and it fails constantly. Yesterday or the day before yesterday I saw an analysis saying that as we cross the golden cross, we are going to start going up to $200K or thereabouts. I look at technical analysis for entertainment, but as a long term investor it doesn't affect me. I know that Bitcoin in 5 and 10 years is going to be much higher than it is now, so what it does in the next month doesn't matter to me.

cryptomaniac_xxx

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Quote from: eth9888 on September 17, 2021, 05:55:06 PM

Yes. I was exactly thinking about this these few days.
TA looks bearish but onchain analysis looks bullish.
Wonder which one will play out.

So it means we are somewhat in the middle? And it's obvious that by looking at the chart So significant movement, volume is not that high, pattern is sideways.

So it's really hard with pattern will play out, which one gets invalidated by it. So I do agree that we should be careful or at least be for a look out of a break out run on neither side.

electronicash

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have no idea what OP's chart is as it's not candles. the chart is very deceiving, zooming in and out only made me confuse which way the market will be going weeks.
you know it's tether time when the market goes down. if you see it coming, don't ask anymore just sell for tether.

eth9888

full member

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Quote from: adaseb on September 17, 2021, 04:20:31 PM

What is this? Elliot Waves? From most of the TA that I used in the past, Elliot Waves was the least reliable one. It looked good when trading in hindsight however you have no idea which wave you are currently in the present. You might react too early or too late and the trade won't work out.

I think BTC will trade sideways for most of Sept and in Oct/Nov I see it making a big move. It will either be up or down, I don't see it trading at near $50K for long. $50K is still a great price and if it doesn't move soon, alot of the people who bought in the $20-$30K area will take their 100% profits and sell and move on to something else.

No.,.. this is obviously NOT Eliiot Waves....
If you don't even know what Elliot Waves look like, I wonder how useful your opinion on Elliot Wave could be.

eth9888

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Yes. I was exactly thinking about this these few days.
TA looks bearish but onchain analysis looks bullish.
Wonder which one will play out.

adaseb

legendary

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What is this? Elliot Waves? From most of the TA that I used in the past, Elliot Waves was the least reliable one. It looked good when trading in hindsight however you have no idea which wave you are currently in the present. You might react too early or too late and the trade won't work out.

I think BTC will trade sideways for most of Sept and in Oct/Nov I see it making a big move. It will either be up or down, I don't see it trading at near $50K for long. $50K is still a great price and if it doesn't move soon, alot of the people who bought in the $20-$30K area will take their 100% profits and sell and move on to something else.

WePiggy

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“In Piggy, We Get Rich!”

If history repeats itself we could see a drop down to the thirties again.

On-chain news is positive, but TA charts look grim ... Time to tether?

Topic: Bearish Bitcoin TA - Be careful everyone ... - page 3. (Read 386 times)