This was proven to be a very weak area of support. We are now below 7400 that you were describing as bullish area.
Most people will now prefer to wait it out because going back to 7k is very much a possibility now after failing to reach 8k and then again failing to hold 7400.
By the looks of it people are trying to keep price low before the halving. I don't expect any big moves up before the new year.
Topic: Bitcoin Bottom Has Passed, Delphi Digital Says (Read 715 times)
Its not easy, its only ever probability and it comes in stages of confirmation. Right now I think we are quite positive going into this weekend and I'll keep that opinion so long as we close above 7400 for this weekly bar.
I base that confidence on the way we are moving between negative trends, its possible for it to reverse but if we do confirm above that previous negative trend then we have reflect that positive sentiment by expecting further gains to occur overall.
So blue line is 2 day average, its held that and it is purely a short term measure of a positive move. Its reasonable to take a trade when we hold that, 7900 is next target and I guess just holding this area is quite positive. Anything from 7600 to 7400 seems where to watch for price acting positively.
I base that confidence on the way we are moving between negative trends, its possible for it to reverse but if we do confirm above that previous negative trend then we have reflect that positive sentiment by expecting further gains to occur overall.
So blue line is 2 day average, its held that and it is purely a short term measure of a positive move. Its reasonable to take a trade when we hold that, 7900 is next target and I guess just holding this area is quite positive. Anything from 7600 to 7400 seems where to watch for price acting positively.
I dont understand how it is easy for anyone to state the bottom of this market. It could be distracting or confusing for some member, seeing the parabolic price movement. The greed level has not touch the bottom of the swing.
It's very easy and the rule is to look at % correction. Whenever Bitcoin loses 50% or more in a correction it's always a very good time to buy. Thi is not a golden rule because one time it can be falling because of some hack or weakness in the system but this is why you have to read the news and watch the charts at the same time.
Even now we had a 50% correction from 13800 to 6500 and it again was a good opportunity to make some money.
I dont understand how it is easy for anyone to state the bottom of this market. It could be distracting or confusing for some member, seeing the parabolic price movement. The greed level has not touch the bottom of the swing.
Just don't rely on such predictions or make decisions based on them. No one can't really know where is the bottom and how deep the correction will go this time. Recently some said that 7000$ was the bottom but the price is even lower now and there is possibility that it will fall under 6000$, who knows. Just wait for couple of days and be patient.
It seems that at least for now the danger that the price will go even lower than that has passed, but we cannot relax because the current growth is still too weak to try to give an absolute answer to the question of whether or not we have reached the bottom, since it is likely that the bears have taken a little rest before they try to make the price to go down again and if that is true if that trend begins now to the price is much lower I think we could hit 6000 again.And if that happens there is the possibility that many of the investors that are still holding their coins are going to panic and this will make the price even lower than what many of us could anticipate.
Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.
The chances that BTC will drop too low again is a little chance as many tries to hold their btc as much as possible till it increase again, but since we all have different attract in every market condition we cannot guaranteed what the decesion others will create. But as of now till halving happens next year it will not fall too much below Sep or Oct price. If Yes we will look deeper, many bad bitcoin sentiments come, from Google, China etc., making prices have not stabilized, be careful
if I analyze it should be able to go up to $ 8593 in the next few days, but true, still be careful in trading
We're going to witness how the price going to recover on this level of values, and more will be given an opportunity to own bitcoin at lower price. It's kinda boring to watch the repeated trend but it's the norm of the market, which everyone didn't expect to happen. I am hoping to see another huge spikes that could trigger massive adoption this coming December.
Just don't rely on such predictions or make decisions based on them. No one can't really know where is the bottom and how deep the correction will go this time. Recently some said that 7000$ was the bottom but the price is even lower now and there is possibility that it will fall under 6000$, who knows. Just wait for couple of days and be patient.
Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.
The chances that BTC will drop too low again is a little chance as many tries to hold their btc as much as possible till it increase again, but since we all have different attract in every market condition we cannot guaranteed what the decesion others will create. But as of now till halving happens next year it will not fall too much below Sep or Oct price. If Yes we will look deeper, many bad bitcoin sentiments come, from Google, China etc., making prices have not stabilized, be careful
if I analyze it should be able to go up to $ 8593 in the next few days, but true, still be careful in trading
Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
We will be able to test that theory during the next days, the bears are trying to push the price of bitcoin outside the range of 7000 and if they are successful they may create panic among investors and the price could begin to go down even faster than the way it has been going down recently and if that happens then we will reach another market bottom and we have no idea how long it would take us to recover from it.https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
And what it is interesting about all of this is that the volume is kind of low, there is not a lot of activity in the markets and yet the price is declining in a consistent basis and this can only mean one thing and that is no one is buying bitcoin.
Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.
The chances that BTC will drop too low again is a little chance as many tries to hold their btc as much as possible till it increase again, but since we all have different attract in every market condition we cannot guaranteed what the decesion others will create. But as of now till halving happens next year it will not fall too much below Sep or Oct price. If Yes we will look deeper, many bad bitcoin sentiments come, from Google, China etc., making prices have not stabilized, be careful
Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.
The chances that BTC will drop too low again is a little chance as many tries to hold their btc as much as possible till it increase again, but since we all have different attract in every market condition we cannot guaranteed what the decesion others will create. But as of now till halving happens next year it will not fall too much below Sep or Oct price.
Bitcoin bottom definitely passes, what people mean by bottom is the current rallies lowest point and highest point.
We have already passed a whole rally where the price was around $7k and then $9k, right now it is doing a whole new stagnant stage. So, if you mean bottom as in "the lowest it can reach" there are "prices" that are not as much as other ones honestly because we will never see 100 bucks per bitcoin ever again right? If you think there is a chance I would highly suggest you leave bitcoin asap.
There are also "periods" like I mentioned where you have a bottom and a top and then you move into a new stage or a period, we moved beyond a period of volatility and now waiting for the next volatility so the bottom of that period has passed. Whichever you chose there are always bottoms that will never be.
We have already passed a whole rally where the price was around $7k and then $9k, right now it is doing a whole new stagnant stage. So, if you mean bottom as in "the lowest it can reach" there are "prices" that are not as much as other ones honestly because we will never see 100 bucks per bitcoin ever again right? If you think there is a chance I would highly suggest you leave bitcoin asap.
There are also "periods" like I mentioned where you have a bottom and a top and then you move into a new stage or a period, we moved beyond a period of volatility and now waiting for the next volatility so the bottom of that period has passed. Whichever you chose there are always bottoms that will never be.
Hard to be confident when the market is not stable yet or its still struggling.
I dont consider the marker is struggling in the $8,800 figure. This is just a correction after the btc jumps over 30% in just 24Hours. Maybe if the btc will fall below $7,000 level bearish will most likely a trend when that happens. As we are close to the btc halving I dont see any further pull back of the price. Btc might jump to above $10,000 anytime soon. I'm looking forward for another pump on december.
to your investment. Keep observing and assess if you can trace the right path to succeed from this venue of business.
In the world of cryptocurrency there is no better thing than being optimistic and positive at all times no matter what the market trend is. For not too long you will be able to make enough profit when you are patient enough to wait for your projected price mark. No one will lost money if they have not doubt btc at the very beginning of their investment.
Bitcoin bottom doesn't pass, bitcoin bottom can always happen to depend on a market. No one can say the exact thing will happen even the bitcoin bottom. Bitcoin market depends on us especially big investors, they can affect the market by buying and selling a huge amount of bitcoin.
I' not sure such conclusions could be made. It's good to be optimistic but it's not good to forget Bitcoin volatility and how easily market can react and change. Speculations could be tricky and mislead you so be careful with making decision. Corrections are always possible and to my opinion Bitcoin hasn't reached the bottom price yet.
Myself too has the same thinking that the low bottom isn't achieved. From the market's growth pattern there is large scale price increase as well decrease. By the time there is no big move with the marketcap, it serves to stand with little decrease and becomes stable. It was predicted that a drop in value low to $7500 would make the market experience its low bottom of $5500 which is purely the view of experts. This way I believe we haven't reached the low bottom and if that's been achieved and further it's time for growth I'm happy for it. 
Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
Common words that we do commonly see when theres a price pump where either these personalities/companies/groups do tell
that the bottom price had already passed but when the price tends to pullback even more lower on what they are talking then
these fellas becomes silent. Price is always been volatile since and theres no such thing about bottom because anytime Bitcoin
can break out anyones hopes and analysis that been made.
There are actually some very interesting charts which explain that the volume moved mainly to the future and options markets rather to the counter price trade that we plebs usually do. So the common charts of bitcoinwisdom.io don't really tell the whole story anymore when looking for volume trends.
I' not sure such conclusions could be made. It's good to be optimistic but it's not good to forget Bitcoin volatility and how easily market can react and change. Speculations could be tricky and mislead you so be careful with making decision. Corrections are always possible and to my opinion Bitcoin hasn't reached the bottom price yet.
Many people said it already has reached the bottom but some people said it's not. But i think it will depends on the whales who controlled the price i think if they broke the price again, people will lose hope with crypto currency especially bitcoin and they will not interested anymore with bitcoin. So i think the whales are not gonna do that because if they lost crypto people they can't make money again. So i think the price is already bottomed out and we just need to wait to the price recovery
I' not sure such conclusions could be made. It's good to be optimistic but it's not good to forget Bitcoin volatility and how easily market can react and change. Speculations could be tricky and mislead you so be careful with making decision. Corrections are always possible and to my opinion Bitcoin hasn't reached the bottom price yet.
Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
A few days ago the price dropped to $8500
[i m g]https://i.imgur.com/RBtgm2v.png[/img]
If the price falls below $8500, then we can probably see the price falling below $8000 (it seems to me that the $8000 zone is a strong psychological zone and if fall below to $8000 we will see the price back to $7800)
i don't think you can really speculate based on these types of drops that are sharp and bounce right back up. specially when you are looking at the hourly charts.
you see the market is still pretty small, such sharp small drops (1.7%) could easily happen with a small size sell specially on in tether market that involves altcoin exchanges that everyone is trading altcoins and a smaller percent have any open orders in bitcoin/tether order books.
which we cant conclude nor applied that we might see some low prices soon. Supports can be break out anytime though but
pointing on where prices would go and telling where the bottom is does sounds a never ending speculation.
Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/
A few days ago the price dropped to $8500
[i m g]https://i.imgur.com/RBtgm2v.png[/img]
If the price falls below $8500, then we can probably see the price falling below $8000 (it seems to me that the $8000 zone is a strong psychological zone and if fall below to $8000 we will see the price back to $7800)
i don't think you can really speculate based on these types of drops that are sharp and bounce right back up. specially when you are looking at the hourly charts.
you see the market is still pretty small, such sharp small drops (1.7%) could easily happen with a small size sell specially on in tether market that involves altcoin exchanges that everyone is trading altcoins and a smaller percent have any open orders in bitcoin/tether order books.
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