Bitcoin Bullish Scenario - Minimum will reach $75000 - page 3.

Baofeng

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Quote from: Doell on December 28, 2021, 09:21:51 AM

Quote from: StreakW on December 28, 2021, 07:02:36 AM

Quote from: TheEconomists on December 16, 2021, 01:58:33 PM

Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.

Actually, Bitcoin price analysis can be done by anyone. The most important thing in making an analysis is understanding the basic concepts. In my analysis, each candle stick represents a specific price movement, according to the time frame. Therefore, let's see in the future whether this bullish scenario occurs. You need to know that in a bitcoin bullish or bearish scenario, nothing has been proven accurately. may happen may not happen.

somehow I believe bitcoin will hit 75K like the analysis you made ! 2022 could all happen seeing the price in the last few weeks strong at the level of 40K up to 51K ,hopefully in two weeks from now coinciding between this year and next year bitcoin will remain at that level ,because 75k should be able ! ah hope the wind doesn't turn far from where it is too in 2022

We are not below $50k, so as I have said, the run up to $51k is a fake breakout to be honest.

However, we have still the New Year, so I'm expecting the price to still go up a bit and a shade above $50k at the end of the year.

But that could be the last push we are going to see as we might see a bad 2022, just saying.

Maybe it will be the start of a bear season.

Doell

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Quote from: StreakW on December 28, 2021, 07:02:36 AM

Quote from: TheEconomists on December 16, 2021, 01:58:33 PM

Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.

Actually, Bitcoin price analysis can be done by anyone. The most important thing in making an analysis is understanding the basic concepts. In my analysis, each candle stick represents a specific price movement, according to the time frame. Therefore, let's see in the future whether this bullish scenario occurs. You need to know that in a bitcoin bullish or bearish scenario, nothing has been proven accurately. may happen may not happen.

somehow I believe bitcoin will hit 75K like the analysis you made ! 2022 could all happen seeing the price in the last few weeks strong at the level of 40K up to 51K ,hopefully in two weeks from now coinciding between this year and next year bitcoin will remain at that level ,because 75k should be able ! ah hope the wind doesn't turn far from where it is too in 2022

btc_angela

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Quote from: StreakW on December 28, 2021, 07:02:36 AM

Quote from: TheEconomists on December 16, 2021, 01:58:33 PM

Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.

Actually, Bitcoin price analysis can be done by anyone. The most important thing in making an analysis is understanding the basic concepts. In my analysis, each candle stick represents a specific price movement, according to the time frame. Therefore, let's see in the future whether this bullish scenario occurs. You need to know that in a bitcoin bullish or bearish scenario, nothing has been proven accurately. may happen may not happen.

And you don't need to be an expert on it or make TA, everyone can make a educate guess as to where the price will go, either short or long term. But if you want to go and be specifics then yeah, learning TA and plotting graphs will help a lot in predicting a bearish or bullish scenario. But currently the way I see it, we are still in the middle and there is no break out run. Hopefully, we are still in the bullish phase in the start of next year and maybe even reaches a new all time high.

StreakW

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Quote from: TheEconomists on December 16, 2021, 01:58:33 PM

Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.

Actually, Bitcoin price analysis can be done by anyone. The most important thing in making an analysis is understanding the basic concepts. In my analysis, each candle stick represents a specific price movement, according to the time frame. Therefore, let's see in the future whether this bullish scenario occurs. You need to know that in a bitcoin bullish or bearish scenario, nothing has been proven accurately. may happen may not happen.

Silberman

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Quote from: SquallLeonhart on December 26, 2021, 02:01:20 PM

Quote from: justdimin on December 25, 2021, 04:01:41 PM

I wouldn't say it was the halving that caused all of this right away. I mean sure it had an impact there is no denying that but so many things happened in the same year that I would say all played a part.

Still, halving must be the primary trigger. I mean that you might have forgot bitcoin by getting busier in your business of anywhere even you got a plans to accumulate more bitcoins and when times move on and you are only up to your plan up level, then halving might give you an alarming signal to execute your plans with respect to bitcoin investments (this definitely might have happened with many individuals and institutions as well).

I believe this is the exact reason why MR. Satoshi included halving rather than reducing the supply on each block. When something happen after lots of anticipation then that will play a definite psychological role which must be more important for convincing anyone in money related thing.

I have never thought about it but I think you have a point, it would have been possible for satoshi to simulate the effects of the halving in a more subtle manner by each block having a slightly smaller amount of bitcoin each time a new one was mined, but instead he decided to go for a system that was way more sudden and impactful, this meant that people will take actions before the halving to put themselves in the best position to take advantage of it, which explains the four year cycle we have seen so far in the bitcoin market.

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Quote from: justdimin on December 25, 2021, 04:01:41 PM

I wouldn't say it was the halving that caused all of this right away. I mean sure it had an impact there is no denying that but so many things happened in the same year that I would say all played a part.

Still, halving must be the primary trigger. I mean that you might have forgot bitcoin by getting busier in your business of anywhere even you got a plans to accumulate more bitcoins and when times move on and you are only up to your plan up level, then halving might give you an alarming signal to execute your plans with respect to bitcoin investments (this definitely might have happened with many individuals and institutions as well).

I believe this is the exact reason why MR. Satoshi included halving rather than reducing the supply on each block. When something happen after lots of anticipation then that will play a definite psychological role which must be more important for convincing anyone in money related thing.

justdimin

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Quote from: cryptomaniac_xxx on December 25, 2021, 05:53:22 AM

It's because of the halving in May 2020 that pushed the price to a new all time high in 2021. Not once, but twice we achieved it in a year.

I wouldn't say it was the halving that caused all of this right away. I mean sure it had an impact there is no denying that but so many things happened in the same year that I would say all played a part.

For example, the whole "gamestop stock" thing played a role, because there were a lot of people who bought crypto and that stock and brought a lot of those people here as well, dogecoin and Elon musk played a role, and sure halving played a role, covid played a role, high inflation played a role, covid relief payments to people which was basically free money paid a role. I could name more stuff but you get the gist. It was never really one thing, it was multiple things that caused the price to go up if you ask me.

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Quote from: molsewid on December 22, 2021, 05:20:41 AM

Quote from: BuNga_cute on December 21, 2021, 10:36:59 PM

As long as the bearish trend lasts in December, the price of support is very strong, therefore the price of Bitcoin is still above the price of $45k.
But unfortunately several times the price of Bitcoin tried to rise, but always failed to rise above the price of $50k. And based on the results of
my analysis, the price of Bitcoin will not fall below the price of $40k, therefore I have bought more Bitcoin. I hope that near the end of the year
the price of Bitcoin can at least rise above the price of $50k, if it can be achieved the price of Bitcoin rises above $50k. Beginning of 2022
the price of Bitcoin could enter a bullish trend and the price target of $75k is very likely to be achieved. But because the price of Bitcoin is difficult
to predict, then we have to prepare for the worst case scenario, so I totally agree using the stop-loss feature is important to do.

Yeah, several times bitcoin tried to rise but failed to rise above $50k but what the good thing is the strong resistance of bitcoin's market price of $45k is still in the line so I would like to think positively this time that maybe we will gonna see a good market value of bitcoin this coming holidays or even before the year 2021 ends. I do hope for a good market value of crypto today however I do also prepare myself for any worst-case scenario and my stop-loss technique were always on the rescue whatever the situation may happen.

Bitcoin finally made it to $50k on Christmas Eve this year, that's a very good sign in my opinion, and the possibility of returning the price of
Bitcoin to the price of $50k is a bullish trend that will come soon. A few more days this year is coming to an end and I'm quite satisfied with
Bitcoin's performance in 2021, hopefully 2022 will be even better and I believe Bitcoin's performance will experience significant development in 2022.
It seems that the minimum target of $75k is most likely to be achieved in 2022, not even impossible in 2022 Bitcoin can reach a price of $150k.
It is very profitable to be Bitcoin as a long-term investment.

cryptomaniac_xxx

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Quote from: Baofeng on December 25, 2021, 04:30:17 AM

Quote from: bitgolden on December 24, 2021, 04:09:35 PM

In a bullish scenario this is quite possible. Anyone who comes in here and talks about "how would we know if this will happen???", well this is a "scenario", go look up what it means. It is obvious that there is no guarantee that it will happen, all we have right now is what we can imagine as possible, and in a bullish possible scenario price will hit 75k. This is just the way market moves, we keep going up and down and keep doing that forever.

It could be 40k, it could be 70k, both are quite possible and in the scenario where it goes up instead of going down, the price will reach a new ATH and that is quite easy to predict. This is why people who hold bitcoin for long term usually end up profiting.

And yeah, usually it's on a bull run that we see a lot of price increased, from $3k in 2020 pandemic to $68k last month? that's. really a huge rally to begin with.

It's because of the halving in May 2020 that pushed the price to a new all time high in 2021. Not once, but twice we achieved it in a year.

Quote from: Baofeng on December 25, 2021, 04:30:17 AM

So it's possible to still hit $75k based on OP's TA, but it might take a lot on us. As we goes down to $50k, so we need a lot of money to pour on the market again. And it can be done if there is FOMO or hype next year.

That is a conservative estimates, most pundits is still looking for $100k this year.
Although its obvious that it won't happen, we still have 2022 to push that agenda in the 1st quarter of the year. Money is not the problem, a lot of institutions and governments are willing to take the risk and invest, it's the sentiments of the retail though that is important here. If retails still thinks that 6 digits is possible, then maybe we can get it to.

Baofeng

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Quote from: bitgolden on December 24, 2021, 04:09:35 PM

In a bullish scenario this is quite possible. Anyone who comes in here and talks about "how would we know if this will happen???", well this is a "scenario", go look up what it means. It is obvious that there is no guarantee that it will happen, all we have right now is what we can imagine as possible, and in a bullish possible scenario price will hit 75k. This is just the way market moves, we keep going up and down and keep doing that forever.

It could be 40k, it could be 70k, both are quite possible and in the scenario where it goes up instead of going down, the price will reach a new ATH and that is quite easy to predict. This is why people who hold bitcoin for long term usually end up profiting.

And yeah, usually it's on a bull run that we see a lot of price increased, from $3k in 2020 pandemic to $68k last month? that's. really a huge rally to begin with.

So it's possible to still hit $75k based on OP's TA, but it might take a lot on us. As we goes down to $50k, so we need a lot of money to pour on the market again. And it can be done if there is FOMO or hype next year.

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Quote from: StreakW on December 16, 2021, 03:52:17 AM

From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.

If this scenario occurs then the current buy the dip will be very profitable.

Then this scenario does not come to happen, because obviously the trend change course and with 6 days remaining that won't happen that fast so expect a slower movement this before the Year 2021 ends.

Quote from: rahmatrf331 on December 24, 2021, 07:09:47 AM

Actually this case is like this selling bitcoins to pay taxes, buying gifts and selling bitcoins for the year-end holidays it is only a few percent or no more than 10% of the total coin holders but this is often used by trading players' strategies to sell their assets with assumptions will buy back after the price correction peaked, therefore bitcoin often plummeted before the new year.

this does not take effect lol, only 2k usd added in Bitcoin price this December 25. so meaning any moment this will turns out to dumping

Dave1

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Quote from: TheGreatPython on December 25, 2021, 03:42:36 AM

Quote from: StreakW on December 16, 2021, 03:52:17 AM

If this scenario occurs then the current buy the dip will be very profitable.

I have never seen a scenario where buying the dips worked differently. It is profitable always.

Of course, there is no secret formula in buying the dip, it's always a win-win situation and profitable if you look at it long term.

Quote from: TheGreatPython on December 25, 2021, 03:42:36 AM

But, your projected price levels up to $75k seems like into lower side compared to what we have seen people speculated for months. Basically I am also confident about getting into $100k levels in coming months but anything below to that seems not acceptable personally.

Maybe this is just a conservative estimates for now, as we all know 6 digits is the projected price everyone is looking. Unfortunately, we didn't even get close to it, and we are very happy to see it crossing $50k at this time. But I'm not seeing this holding and sustaining though. Sorry to sound like a little gloomy this Christmas.

TheGreatPython

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Quote from: StreakW on December 16, 2021, 03:52:17 AM

If this scenario occurs then the current buy the dip will be very profitable.

I have never seen a scenario where buying the dips worked differently. It is profitable always.

But, your projected price levels up to $75k seems like into lower side compared to what we have seen people speculated for months. Basically I am also confident about getting into $100k levels in coming months but anything below to that seems not acceptable personally.

bitgolden

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In a bullish scenario this is quite possible. Anyone who comes in here and talks about "how would we know if this will happen???", well this is a "scenario", go look up what it means. It is obvious that there is no guarantee that it will happen, all we have right now is what we can imagine as possible, and in a bullish possible scenario price will hit 75k. This is just the way market moves, we keep going up and down and keep doing that forever.

It could be 40k, it could be 70k, both are quite possible and in the scenario where it goes up instead of going down, the price will reach a new ATH and that is quite easy to predict. This is why people who hold bitcoin for long term usually end up profiting.

Poker Player

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Quote from: pooya87 on December 24, 2021, 01:51:09 AM

Quote from: adaseb on December 23, 2021, 11:09:14 PM

others are expecting people to sell at beginning of Jan for the new tax year.
where people are selling to pay their capital gain taxes.

I always find this type of speculation very weird (selling to pay taxes, selling near holiday to buy presents, selling to go on holiday,...). They make no sense to me, even though some may very well do it. Because why would people sell what they have painstakingly accumulated to pay for something you can pay otherwise.

Yeah, doesn't make much sense to me either, at least as adaseb puts it. In the stock market, it is well known that people who manage portfolios of stocks usually remove those they consider weaker at the end of December to offset gains of other sales of shares made during the year and pay less taxes, but selling at the beginning of the year? Never heard of it but I'm not saying that some people don't. You sell in January and don't pay until 15-18 months later.

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Actually this case is like this selling bitcoins to pay taxes, buying gifts and selling bitcoins for the year-end holidays it is only a few percent or no more than 10% of the total coin holders but this is often used by trading players' strategies to sell their assets with assumptions will buy back after the price correction peaked, therefore bitcoin often plummeted before the new year.

pooya87

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Quote from: adaseb on December 23, 2021, 11:09:14 PM

others are expecting people to sell at beginning of Jan for the new tax year.
where people are selling to pay their capital gain taxes.

I always find this type of speculation very weird (selling to pay taxes, selling near holiday to buy presents, selling to go on holiday,...). They make no sense to me, even though some may very well do it. Because why would people sell what they have painstakingly accumulated to pay for something you can pay otherwise.

There is also so many exceptions to this kind of speculation that makes it invalid. It also doesn't explain why price always rebounds after those times where the drop occurs because if people really sold to pay for something they wouldn't have money to buy back and for the price to jump back up again.

adaseb

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Wonder how the start of next year will go. Most likely till the end of the year will be chop and then in January it’s going to be hard to predict.

Some are assuming a repeat of Jan 2021 where it went up exponentially and topped at $60K and others are expecting people to sell at beginning of Jan for the new tax year.

Then as we get closer to April tax time, it might be a repeat of 2018 where people are selling to pay their capital gain taxes.

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Quote from: Fundamentals Of on December 21, 2021, 08:57:46 PM

The current buy the dip will always be profitable. In fact, not just that, what I want to say is that all buy the dip signals are profitable. Actually, not even that, one only needs to take a look at the overall chart of Bitcoin since its inception and it is enough to realize that even buying the ATH is profitable. But it takes time of course. But there's the point, if buying the ATH is profitable how much more does buying the dip? If the next projected price target is $74,000-$75,000, buying anytime is profitable.

And without a doubt you are right, even if someone followed the opposite strategy to buy the dip and instead bought their coins at each new ATH this person will still become very wealthy if they invested enough capital.

However this is a difficult thing to do, we must recognize that the volatility of bitcoin can be very extreme and as such it is difficult to see your investment losing 20% or even 30% in a day as it happens when we have an important crash, this is why people have so much problems implementing a strategy like buying the dip despite how profitable we know it can be.

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Quote from: molsewid on December 22, 2021, 05:20:41 AM

several times bitcoin tried to rise but failed to rise above $50k but what the good thing is the strong resistance of bitcoin's market price of $45k is still in the line so I would like to think positively this time that maybe we will gonna see a good market value of bitcoin this coming holidays or even before the year 2021 ends. I do hope for a good market value of crypto today however I do also prepare myself for any worst-case scenario and my stop-loss technique were always on the rescue whatever the situation may happen.

We just feel confused whenever these type of things happens. I mean we feel very happy that we are seeing that 45k support being so strong and not allowing the price to drop too much, that is a great thing right? But we also see that bitcoin is not doing that well on going higher to 50k+ as well so we are sad about it. We are just stuck between 45k to 50k range and that will have to pass one day. Which direction it will pass? We do not know, but let's hope that it will be to a 50k+ price range and break another ATH because it allows everyone to earn money (aside from people who short bitcoin).

I have to say that bitcoin looks better lately, but it doesn't look like there is going to be a bull run, it just feels like some people accumulated and turned that into profit but it is really not that big and we should not be really too hyped about the current situation, at least not yet.

Topic: Bitcoin Bullish Scenario - Minimum will reach $75000 - page 3. (Read 785 times)