Bitcoin Bottomed out ? TA analysis. | Bitcointalksearch.org

Arkann

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Quote from: MCobian on February 28, 2021, 06:41:04 PM

I think Bitcoin support is very strong at $ 45k, falling several times to $ 44k but it doesn't last long to get back to $ 45k again. It is likely that
the Bitcoin price is now at its bottom and the recommendation to buy Bitcoin is now. I am optimistic that in the next few days the Bitcoin price
should go up to a price of $ 50k, if this is achieved I can be sure the Bitcoin price will continue to go up to a price of $ 58k. So now is the perfect
time to buy Bitcoin.

In any case, Bitcoin is an alternative and quite valuable asset compared to other assets and the constant attraction of large capital strengthens the position of bitcoin. I am sure that the owners of large investment portfolios are not interested in the fall of bitcoin and will use all kinds of leverage to support this asset. Therefore, I am sure that the only way for Bitcoin is upward direction, of course allowing small corrections.

STT

legendary

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Bit of a legendary thread this one, good timing call and yea that was a nasty period around end of 2018. The lows could have lasted alot longer in theory, my current TA is we are consolidating and recently beat a negative trend Highs are capped in aspirations but seems best to remain optimistic so long as we remain above 48k and you are right not everyone likes TA but its a good guide not an absolute yes or no more probable outcomes imo.

MCobian

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I think Bitcoin support is very strong at $ 45k, falling several times to $ 44k but it doesn't last long to get back to $ 45k again. It is likely that
the Bitcoin price is now at its bottom and the recommendation to buy Bitcoin is now. I am optimistic that in the next few days the Bitcoin price
should go up to a price of $ 50k, if this is achieved I can be sure the Bitcoin price will continue to go up to a price of $ 58k. So now is the perfect
time to buy Bitcoin.

mapsfly

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Quote from: fadhilz123 on February 28, 2021, 01:29:57 PM

Big correction for Bitcoin and Altcoins, but I don't see any new analysis from you. I think your thread will so helpful for many people.
When you will update about the condition of the market?? I prepare to buy now, but I think more bearish will come, What do you think?

really?
It can go down to 40k or up to 100k soon

its at 44k and your super worried about some small downside from here when there is massive upside ahead.

you should be happy you had cash on the sideline and can now enter here

fadhilz123

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Big correction for Bitcoin and Altcoins, but I don't see any new analysis from you. I think your thread will so helpful for many people.
When you will update about the condition of the market?? I prepare to buy now, but I think more bearish will come, What do you think?

fadhilz123

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Quote from: mikeywith on February 20, 2021, 07:11:44 PM

I almost forgot I made this bitcoin bottom analysis more than 2 years ago, It has been a wild journey ever since, I believe in a few months I shall be posting another analysis on how bitcoin has likely topped, interesting times ahead, I take this chance to praise everyone (myself included Grin

) for staying strong when the majority of people were in panic mode, it's easy now to look back and say, oh, it was obvious and simple! since 2 years have passed and the price moved from 3k to over 50k, but it was certainly not easy then.

Those who were strong enough to enter when all the media and 90% of everyone around them was telling them BTC was going to zero, congratulations you deserve to own bitcoin when everyone wants to buy it for 50k.

I join in Cryptocurrency in 2017 and start to buy my First Bitcoin, When Bullrun comes and my asset grow to a value that I could never imagine then I believe that this coin is a future investment and the price will continue moon

Because I don't have enough knowledge and my mind keeps saying "will to the moon", so I keep hold it until I regret my decision. After that, I start to learn about the chart and I know that we cant to always moon, Big correction will happen after Bullrun

Keep sharing your prediction and knowledge sir, I will be faithfully waiting for your predictions

mikeywith

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I almost forgot I made this bitcoin bottom analysis more than 2 years ago, It has been a wild journey ever since, I believe in a few months I shall be posting another analysis on how bitcoin has likely topped, interesting times ahead, I take this chance to praise everyone (myself included Grin

) for staying strong when the majority of people were in panic mode, it's easy now to look back and say, oh, it was obvious and simple! since 2 years have passed and the price moved from 3k to over 50k, but it was certainly not easy then.

Those who were strong enough to enter when all the media and 90% of everyone around them was telling them BTC was going to zero, congratulations you deserve to own bitcoin when everyone wants to buy it for 50k.

exstasie

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Quote from: WinslowIII on July 08, 2019, 11:55:08 PM

Quote from: exstasie on July 08, 2019, 09:08:06 PM

Quote from: WinslowIII on July 08, 2019, 07:15:08 PM

You spend way too much time studying technicals and not enough time understanding how GD fucked the fiat based economies have become.

What good would it do me to dwell on that?

I make a living off trading. Riding the waves puts bread on my table so TA is much more interesting to me. I've already reached all my BTC accumulation goals so I'm not selling away my future by trading. I'm just here trying to churn out them dirty fiat profits.

You gamble for a living then? short term bitcoin trading might as well be playing blackjack at the casino.

I would liken it more to playing poker than blackjack. I'm taking other people's money in EV+ situations, not playing against the house with bad odds. You might consider it gambling but I've been successful at it for several years. To each his own.

WinslowIII

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Quote from: exstasie on July 08, 2019, 09:08:06 PM

Quote from: WinslowIII on July 08, 2019, 07:15:08 PM

Quote from: exstasie on July 08, 2019, 07:09:18 PM

The gravestone/shooting star setup was worrisome but the market never established a real reversal signal, since we never closed below the body of the doji. The dip below the 20-day MA was bought up hard. Now we've formed a higher high to break the short term downtrend too.

I could see the market chopping around for a couple weeks longer before going into full bull mode again, but this all looks very constructive for bullish continuation.

You spend way too much time studying technicals and not enough time understanding how GD fucked the fiat based economies have become.

What good would it do me to dwell on that?

I make a living off trading. Riding the waves puts bread on my table so TA is much more interesting to me. I've already reached all my BTC accumulation goals so I'm not selling away my future by trading. I'm just here trying to churn out them dirty fiat profits.

You gamble for a living then? short term bitcoin trading might as well be playing blackjack at the casino.

exstasie

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Quote from: WinslowIII on July 08, 2019, 07:15:08 PM

Quote from: exstasie on July 08, 2019, 07:09:18 PM

The gravestone/shooting star setup was worrisome but the market never established a real reversal signal, since we never closed below the body of the doji. The dip below the 20-day MA was bought up hard. Now we've formed a higher high to break the short term downtrend too.

I could see the market chopping around for a couple weeks longer before going into full bull mode again, but this all looks very constructive for bullish continuation.

You spend way too much time studying technicals and not enough time understanding how GD fucked the fiat based economies have become.

What good would it do me to dwell on that?

I make a living off trading. Riding the waves puts bread on my table so TA is much more interesting to me. I've already reached all my BTC accumulation goals so I'm not selling away my future by trading. I'm just here trying to churn out them dirty fiat profits.

mikeywith

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Quote from: exstasie on July 08, 2019, 07:09:18 PM

I could see the market chopping around for a couple weeks longer

I won't be surprised if that happen, by looking at start of the rally of 2015, after the first mini rally and right after we broke above the ichimoku cloud price went into a sideways market for nearly 200 days, but evidence show that this year momentum is faster (we ignored the second bottom) we tend to fast forward a few movements, so 200 days might not be it for this run, but a few weeks of sideways makes a lot of sense, it also gives the trend a lot more health/power to run further.

WinslowIII

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Quote from: exstasie on July 08, 2019, 07:09:18 PM

Quote from: mikeywith on July 08, 2019, 07:44:37 AM

The possiblity of breaking this channel to the upside is more likely than not, my only concern as of now is that gravestone doji, it clearly shows that the bears are very strong from 12k to 14k , a dozen of sell orders must be there, it is unlikely that we can break it on first attempt.

The gravestone/shooting star setup was worrisome but the market never established a real reversal signal, since we never closed below the body of the doji. The dip below the 20-day MA was bought up hard. Now we've formed a higher high to break the short term downtrend too.

I could see the market chopping around for a couple weeks longer before going into full bull mode again, but this all looks very constructive for bullish continuation.

You spend way too much time studying technicals and not enough time understanding how GD fucked the fiat based economies have become. The debt crisis is coming - bitcoin would have zero value if the world economies weren't in serious trouble. This was Buffet's mistake, he was assuming that we weren't fucked. If he were right, his conclusions would have been spot on.

exstasie

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Quote from: mikeywith on July 08, 2019, 07:44:37 AM

The possiblity of breaking this channel to the upside is more likely than not, my only concern as of now is that gravestone doji, it clearly shows that the bears are very strong from 12k to 14k , a dozen of sell orders must be there, it is unlikely that we can break it on first attempt.

The gravestone/shooting star setup was worrisome but the market never established a real reversal signal, since we never closed below the body of the doji. The dip below the 20-day MA was bought up hard. Now we've formed a higher high to break the short term downtrend too.

I could see the market chopping around for a couple weeks longer before going into full bull mode again, but this all looks very constructive for bullish continuation.

mikeywith

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Quote from: STT on July 08, 2019, 06:44:52 PM

generally when they are wanting to ban BTC its completely ironic and a sign of its growing usage

Technical analysis aside, if you want to be on the winning side, avoid everything the news tell you, when the news are bad, it's a great chance to buy bitcoin, I can almost exactly predict where this rally is going to stop, the new ATH will be right about when everyone and their grandmother start talking about ETF and how the world is just about to adopt BTC and get rid of all the dollar bills , when you hear that shit, go short Roll Eyes

, as of now, the news are not so great, which is a very bullish sign as you mentioned, but also they are not as bad, so this rally might be a bit slow.

STT

legendary

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I agree its better to go with a bullish bet with a trend that has clearly resembled upwards for so long, its not the first time I've heard that over the years. Expecting a trend break is going against the odds. You might well be right going on this news which I just spotted, generally when they are wanting to ban BTC its completely ironic and a sign of its growing usage

Febo

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Quote from: mikeywith on July 07, 2019, 08:00:38 PM

so, Has Bitcoin Bottomed out ? or are you still waiting for 2k? Grin

Some are still waiting. But they dont even expect it this year but only mid next year. It almost sounds like trolling. https://bitcointalksearch.org/topic/m.51741555

mikeywith

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The possiblity of breaking this channel to the upside is more likely than not, my only concern as of now is that gravestone doji, it clearly shows that the bears are very strong from 12k to 14k , a dozen of sell orders must be there, it is unlikely that we can break it on first attempt.

The other problem is, the next sell-off might continue a bit lower, but overall on an up trend like this one, it is always wiser to bet on the upside.

STT

legendary

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I was thinking also its something of a crossroads, not a time to really stand in the way whichever way it breaks. Btw 200 weekly and 50 monthly should be fairly close as there is roughly 4 weeks in a month, they are quite near to similar price averages

I'm waiting for daily channel to break, as of yet its mostly threatened to break upwards not downwards; July 2nd low was the best attempt. It cant be called a failure but at least some of the people in the price were wanting more to build when its only waved up and down for over a fortnight, just that can lead some to sell. I dont know it leads to a sell but thats really the power move I would expect rather then upwards directly from here.

Any trader wants volatility for the profit of the movement, but dont think thats a reason by itself. If it were then 6000 would be a good move and its the year average and very familiar bottom pricing to previous sells

mikeywith

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so, Has Bitcoin Bottomed out ? or are you still waiting for 2k? Grin

meanwhile, I am watching for a break out on this triangle, gotta be a good move I suppose, don't miss out !

mikeywith

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Quote from: figmentofmyass on April 11, 2019, 04:01:30 PM

you think we have formed the top of this rally? looks like we're gonna close with a bearish engulfing on the daily. Undecided

i was hoping to tag at least $5600 but we're at the point where this is liable to dump at any time. it's been a good ride into this resistance.....

not sure if you are following my other thread > https://bitcointalk.org/index.php?topic=5125728.40

I have mentioned that we were going very likely going to have a rally to the 50SMA which we almost hit , only 2.77% off.

i have also mentioned this

Quote from: mikeywith on April 02, 2019, 08:30:00 AM

if you entered at the weekly close then you are now at decent profit, move your SL to break even, and start taking profits slowly.

we can very likely test 5600$ but i would exist all long positions and probably enter short positions at 5450$.

price went to as high as 5490$ , 5450 was the perfect place to at least close long potions if you are not into shorting.

we can very likely still touch the 5600$ mark or even have a wick through to 5700$ but the problem with this area in particular is the lack of support. 4600$ is the nearest reasonable support therefore it makes no sense to risk 800$ on the way down for that 150$ on the way up.

but as i type price is at 5080$ so that risk wise is almost equal, if i was still in any long positions a close below 4590$ would be my SL and the last top 5490$ would be my TP.

i am in shorts potions now, entered at 5450$ , slowly locking in profit despite the fact that the signs are leaning towards a bigger correction to the downside.

Topic: Bitcoin Bottomed out ? TA analysis. (Read 1720 times)