Bitcoin Bottom Has Passed, Delphi Digital Says - page 3.

carlfebz2

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Quote from: 1Referee on November 05, 2019, 06:25:16 AM

Quote from: CryptoBry on November 04, 2019, 10:56:14 PM

We are just waiting for an avalanche and the dam will soon be bursting, figuratively speaking.

What bull run do people expect now? From $9000 to $100,000 before the end of 2020? That's unrealistic because there is so much heavy on volume historical price activity between $10,000 and $20,000 that an attempt to touch the current all time high is the most we can expect before 2020 ends.

Most of the major moving averages on the weekly time frame will take a long time before they finally pass the $10,000 level to support the price would it retest them (which will happen eventually).

The 200 weekly moving average that supported the price in december of last year around $3200 currently hovers around the $4800 level. It took almost 11 months for that moving average to climb up $1600 and it only did so because of the run to $14,000 we had this year. It's great and all to be bullish, but it's also important to not forget the technicals.

Not new to see those unrealistic numbers without even reviewing or considering on what are the past movements of the price.It would really takes time for us to reach higher numbers and we should think first on how to reach up or break ath than considering or do talk about hundreds of thousands price.This is why technicals do exist since we can presume on what would be the possible movement and i do much prefer on having a slow pace of movement than on a very fast increasing ones.

The Sceptical Chymist

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Quote from: error08 on November 04, 2019, 12:48:03 AM

Obviously, the bottom was $3000, bitcoin price increase more than 200% to date.

Sure, that's what it looks like in hindsight, but I've been into bitcoin long enough to know that anything can happen--even a drop from $9300 back down to $3000 or even below that. Do I think that's going to actually happen? Not really, but it absolutely could.

I don't know anything about Delphi Digital. They could be the smartest people on the planet, but I'm still going to take their assertion with a gigantic grain of NaCl. Even if bitcoin didn't crash all the way back down to $3k, it could easily fall to somewhere in the $7k range and I'm not sure where the "bottom" even is. Is it the lowest price bitcoin got to after the crash from its ATH? The lowest since Mt. Gox? This is why I generally hate predictions and prognostications put out by professionals. They're usually vague and often mistaken.

boltz

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Indeed bottom has been long passed. The bottom was at 3k$ and that was it. Since then we should be glad that we had this small dips in price giving us the opportunity to accumulate Bitcoin again and even the carts point in this direction as we're still in a strong accumulation zone so I would expect the price to stay above 9k$ and under 10k$ until the end of the year.

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If that is true then thank God.
But rare cases still happens.
One is before the halving. A manipulation might be seen before that. We don't know how this whales think.
We might see a great dump but won't take long. That is my own speculation though.

Better to be also be ready for that. Trading might not be much profitable now but with FUD and FOMO then the wave could go wild.

1Referee

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Quote from: CryptoBry on November 04, 2019, 10:56:14 PM

We are just waiting for an avalanche and the dam will soon be bursting, figuratively speaking.

What bull run do people expect now? From $9000 to $100,000 before the end of 2020? That's unrealistic because there is so much heavy on volume historical price activity between $10,000 and $20,000 that an attempt to touch the current all time high is the most we can expect before 2020 ends.

Most of the major moving averages on the weekly time frame will take a long time before they finally pass the $10,000 level to support the price would it retest them (which will happen eventually).

The 200 weekly moving average that supported the price in december of last year around $3200 currently hovers around the $4800 level. It took almost 11 months for that moving average to climb up $1600 and it only did so because of the run to $14,000 we had this year. It's great and all to be bullish, but it's also important to not forget the technicals.

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Quote from: momchilandonov on November 03, 2019, 05:26:32 PM

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.

Afaik they've been saying in May that bottom has passed and they were right. Good.
But why are they telling the same after 5-6 more months?! Although somewhat reassuring, this is not news.

CryptoBry

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Quote from: momchilandonov on November 03, 2019, 05:26:32 PM

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.

That can be big positive news to all of us here in the world of Bitcoin and cryptocurrency. Bitcoin is the leader of the pack and so alts tend to be following the cue of Bitcoin most of the time. Will this mean that Bitcoin is in the best position to make a good jump especially in December? That can be a big possibility though nobody can totally take away that risks of it getting back to the $8000 zone. Anything is possible from here on and all we can do is just wait and share the positive aura to the whole market.

Quote from: blckhawk on November 04, 2019, 12:29:52 AM

I also foresee things coming together as early as now, and there's no sign of a bearish market. There are quite a lot of positive news that's coming to Bitcoin, or cryptocurrency in general. There's the news about Starbucks opening support to crypto through Bakkt, and the nearing halving of bitcoin generation that would impact the supply, and given the continuous or much more demand, would make the prices soar.

Maybe the bear is finally pushed back to the woods and he can finally have the best time enjoying his vacation there. We are definitely in a bullish period of Bitcoin and hopefully this bullish energy can be leading us to the BULL RUN time which I am predicting can happen within the months of 2020. There is now a very visible growing interest with Bitcoin as institutional money is now starting to take a good notice. We are just waiting for an avalanche and the dam will soon be bursting, figuratively speaking.

hugeblack

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The above report listed how Bitcoin rose to that value but did not analyze the reasons for the rise or show the charts that may lead to predicting prices in the future.
Stability at 9,200 represents only the exclusion of reaching $ 6,000 levels in the event of a collapse, but that does not mean it will not happen.
Historically, the price tends to stabilize or rise to levels above current levels, so it is likely that the price tends to rise to levels above $ 10,000 because the end of the year is characterized by increased spending, which means that demand for currencies will increase.

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Quote from: Lucius on November 04, 2019, 06:31:07 AM

I know some people who want to invest in Bitcoin but they are constantly waiting for a good opportunity, maybe not $1000, but something close to that number. No one can say for certain that the price will not go below $5000 again, and what I say to such people is that it is possible, their money, they decisions.

the funny thing is, these types of people never actually buy anyway. when price is going up, they're always waiting for a dip. when price is going down, they're too scared to buy.

i don't waste any breath anymore. some people just aren't cut out for speculation.

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Quote from: momchilandonov on November 03, 2019, 05:26:32 PM

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/

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.

BrewMaster

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this dude is now nearly a whole year too late to talk about the "bottom"! lol.
price continued falling for an entire year during 2018 and then it reached the bottom. then price went even lower and reached the final stage at $3100 on December 2018. now after 11-12 months this dude is stating that the "bottom has passed". no shit, price has been on the rise for nearly the entire 2019 now and we are $6000 above that bottom or in other words price has gone up nearly 200% from the bottom.
i don't know where the news sites find these people...

Lucius

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It is easy to be smart now, but I also buy BTC during 2015 and trade them for some small profit. I am quite sure that it will never happen again that I can buy 5BTC for $1000, and then sell them for some $1100. What kept repeating in those years is that everything under $1000 is cheap, almost as a gift, which completely came true.

Today I share the opinion of many people that everything under $10 000 is cheap coins, no matter how lucky we are to buy at some dip. In the long run there are only two options, 1BTC will be worth a fortune ($100k+) or it won't be worth anything.

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Quote from: Lucius on November 04, 2019, 06:31:07 AM

I know some people who want to invest in Bitcoin but they are constantly waiting for a good opportunity, maybe not $1000, but something close to that number. No one can say for certain that the price will not go below $5000 again, and what I say to such people is that it is possible, their money, they decisions.

I mentioned to pal of mine that he should think about getting some BTC at $250 in 2015. He said he'd wait. He finally called me up in 2017 looking to buy $3 XRP.

The mindlessness of people never fails to boggle my mind.

Lucius

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Quote from: gentlemand on November 04, 2019, 05:56:10 AM

I presume there are plenty of 'hyperwave' tossers who are still sitting around waiting for $1000 and will be for the rest of their lives.

I know some people who want to invest in Bitcoin but they are constantly waiting for a good opportunity, maybe not $1000, but something close to that number. No one can say for certain that the price will not go below $5000 again, and what I say to such people is that it is possible, their money, they decisions.

It a very tricky to speculate about bottom/s, especially at times like these, when the price can drop by 20% in one day or go up by 40%. The title may be misleading, even in article author say that we should not expect "a permanent recovery of sentiment".

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Quote from: Getmon on November 04, 2019, 05:10:05 AM

I think the bottom is always one step away with the unpredictability of cryptocurrency.

There has to be one at some point, and the people who insist it's yet to come are the ones who get left behind. No one knows it's the bottom until long after it's been and gone. I presume there are plenty of 'hyperwave' tossers who are still sitting around waiting for $1000 and will be for the rest of their lives.

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Quote from: momchilandonov on November 03, 2019, 05:26:32 PM

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/

I cannot count with my hands the times I have read this kind of news. Bitcoin has bottomed out. Bitcoin has reached the bottom. Market has left the bottom. And in a few days later, the price is falling once again. This news is just another initiative to spread good vibes in the market hoping that it will cause a little FOMO in the biggest number of people possible. I think the bottom is always one step away with the unpredictability of cryptocurrency.

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Quote from: Questat on November 04, 2019, 03:38:17 AM

Whoever said that, even the most popular personality in crypto, I still won't believe it's guaranteed.
The point is once the market is unpredictable, it will remain unpredictable and therefore we might see another bottom before it pump or we will just see a one sided pump, we really don't know, what I do is I just believe and remain optimistic that time will come that BTC will have a new ATH again.

Even I don't belive in any speculation even though it feels good to see so many positive posts about Bitcoin's bull run from the same users who were whinning about bitcoin couple of months ago but the bottom line remains the same as once unpredictable will always remain unpredictable. It's better to go with the flow and make the right moves as per pump or dump rather than making decisions based on predictions and posts from people who have same knowledge about bitcoin as we do.

Questat

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Whoever said that, even the most popular personality in crypto, I still won't believe it's guaranteed.
The point is once the market is unpredictable, it will remain unpredictable and therefore we might see another bottom before it pump or we will just see a one sided pump, we really don't know, what I do is I just believe and remain optimistic that time will come that BTC will have a new ATH again.

Herbert2020

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i don't honestly see any significance in this article nor in the person they are quoting. it is the classic move by newbies who want to pretend in predicting bitcoin price make. they jump into things as soon as there is a small change. a week ago the same people were saying price is going to continue falling until next year!
the fact is that price has still not broken the major resistance at $10k to go above that and remain there. and although i don't expect any more big drops but they are still possible until we go above $10k and start the actual rise not the correction of an unrealistic drop.

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seriously? that random site again as your source?

Quote from: leea-1334 on November 04, 2019, 01:50:07 AM

This is most welcome, to see volume boost, but it is still too low to have anything taken seriously, especially in the range of 9k to 10k, why things move so quickly there as we saw last week instant almost move to 10300, is because almost no orders in the range.

I would not say market bottom is behind. We still needed to see longer stays in the deep 6000.

we will go nowhere but in the range $7000 to $8500 , even when a lot of media building an opinion feel like the bullish run is formed for the next few months heading to $15000 even over $20000 at the halving 2020 later.
that is the most popular speculation around the circle lately.
i am pretty sure everytime people think that it is bullish , those whales is ready to move trying to make money out of it by playing the trading game against the trend which of course the reality is instead move up to $20k , it moving down to the unexpected bottom level . just like in the early 2019 people expecting too high wanted the price to surge to over $10000 but it moved towards the lowest level at $5k. think about it.

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