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Topic: Bearish Bitcoin TA - Be careful everyone ... - page 3. (Read 337 times)

hero member
Activity: 1330
Merit: 536
September 18, 2021, 03:51:08 AM
#10
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.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
September 18, 2021, 03:29:47 AM
#9
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.
member
Activity: 336
Merit: 16
September 18, 2021, 02:49:47 AM
#8
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.
legendary
Activity: 1372
Merit: 2017
September 18, 2021, 12:56:01 AM
#7
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.

hero member
Activity: 1344
Merit: 540
September 17, 2021, 07:28:39 PM
#6
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.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
September 17, 2021, 07:23:12 PM
#5

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.
full member
Activity: 291
Merit: 105
September 17, 2021, 06:57:56 PM
#4
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.
full member
Activity: 291
Merit: 105
September 17, 2021, 06:55:06 PM
#3
Yes. I was exactly thinking about this these few days.
TA looks bearish but onchain analysis looks bullish.
Wonder which one will play out.
legendary
Activity: 3738
Merit: 1708
CoinPoker.com
September 17, 2021, 05:20:31 PM
#2
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.
member
Activity: 71
Merit: 12
“In Piggy, We Get Rich!”
September 17, 2021, 04:09:10 PM
#1
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?

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