Bitcoin can fall up to $9k or rise up to $17k - which one will happen. - page 4.

goinmerry

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Quote from: Juggy777 on August 23, 2020, 04:47:22 AM

Lastly I know that it’s really difficult to predict where bitcoin prices may head, but what are you’ll opinions on this article and which prediction do you think we will witness in the short term?.

Reading analysis even how good it was or came from a known good trader isn't the thing I always follow. There are several predictions with a good explanation that didn't happen lots of times. But I'm taking those as a reference at some of the cases.

I'm going with the flow whether the price will crash or not. But as always, I'm with the positive side.

The article shared was a good read. It looked out at some pointers that are close to happening if a certain condition will be met. Good to act as a basis on deciding what to do next especially on those newbie speculators.

Twinkledoe

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Quote from: milewilda on August 23, 2020, 04:59:17 PM

Quote from: KTChampions on August 23, 2020, 10:50:08 AM

This is another forecast in the series "the price may fall and may rise". Nothing useful )
As far as my opinion is concerned, both directions are equally probable, but the 9k level is much closer, so if I had to choose, I would bet on moving to this level.

Actually a tiring up thing already where you do hear up these calls commonly or these media outlets just do post up something just for them to get some attention but actually these articles doesnt really give out something new but just a typical speculation on where an average joe can able to do so.Slipping to 9k wouldnt really be that far and to think that price would always have the tendency on crashing even way more lower that anticipated.
If it drops then buyback but is it really as it sounds? No. and now the price is tanking below 12k level but we wouldnt know on what would be the next movement neither it would go below 11k and head down to lower levels
or would simply break that 12k and go forth or would just retest this resistance one again? those are probabilities on next movement and as a trader then you should be smartly utilize it.

So bottomline, either way, one should be prepared for what's gonna happen because no one can accurately predict for what's gonna happen in the market. One good news and we will find ourselves staring how the price shoots up but if another crisis is in the corner, we will start seeing again its downfall. So we should always have contingencies in both scenarios and not trap for what is being laid to us because you have no choice on that matter.

milewilda

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Quote from: KTChampions on August 23, 2020, 10:50:08 AM

This is another forecast in the series "the price may fall and may rise". Nothing useful )
As far as my opinion is concerned, both directions are equally probable, but the 9k level is much closer, so if I had to choose, I would bet on moving to this level.

Actually a tiring up thing already where you do hear up these calls commonly or these media outlets just do post up something just for them to get some attention but actually these articles doesnt really give out something new but just a typical speculation on where an average joe can able to do so.Slipping to 9k wouldnt really be that far and to think that price would always have the tendency on crashing even way more lower that anticipated.
If it drops then buyback but is it really as it sounds? No. and now the price is tanking below 12k level but we wouldnt know on what would be the next movement neither it would go below 11k and head down to lower levels
or would simply break that 12k and go forth or would just retest this resistance one again? those are probabilities on next movement and as a trader then you should be smartly utilize it.

KTChampions

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This is another forecast in the series "the price may fall and may rise". Nothing useful )
As far as my opinion is concerned, both directions are equally probable, but the 9k level is much closer, so if I had to choose, I would bet on moving to this level.

Jating

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Quote from: GreatArkansas on August 23, 2020, 07:10:41 AM

For me, breaking below $11, 000 can be the trigger for fall upto $9 000 or below.
That is really scary, any FUD later this month could be a reason, especially we are about to close on monthly candle.
But whatever happens, either we see $17,000 or $9,000 first, we still lot of time to accumulate more.

I don't think that we were more scare when we see the price going to $3k, and not only scary but we got all nervous and majority panic.

Well, as the saying goes, takes one step backward to go two steps forward, so it doesn't matter if you area long term holder or if you have been in the game for so long that you understand how the market moves and there's no such thing as parabolic rise. So it we are going to test $9k again so be it, I'm sure we're going to bounce back again. And I'm sure it will be another perfect opportunity for even average joe to accumulate and whales would love to see that as well. So still a win-win for us in the end.

Slow death

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Quote from: Juggy777 on August 23, 2020, 04:47:22 AM

However it’s pertinent to note that if bitcoin prices slip from the support level of $11.2k, then there’s a high probability of bitcoin prices slipping back to $9k levels.

today it's been a very bad day with the price constantly struggling to stay above $11500, it dropped to 11516 and then managed to rise to $ 11594 but it shows that in the next few days the price will start to fall if it doesn't break $12000 because people get impatient when the price is stagnant for a long time. Anyway, we will see in the next few days what the price will be

Quote from: GreatArkansas on August 23, 2020, 07:10:41 AM

For me, breaking below $11, 000 can be the trigger for fall upto $9 000 or below.

would still have to break $10500 where in the past it was difficult to break so I think it must have become a good support now

GreatArkansas

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For me, breaking below $11, 000 can be the trigger for fall upto $9 000 or below.
That is really scary, any FUD later this month could be a reason, especially we are about to close on monthly candle.
But whatever happens, either we see $17,000 or $9,000 first, we still lot of time to accumulate more.

reliable

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It can fall a bit but do not expect that there should be any panic in the market. It will rise back again so on falls if it happens be ready to grab as it is the time to buy as per me and quickly it will be back again to 12k levels. So, some profits could be made in this times and traders do look for this type of opportunity when there is some volatility in markets.

Tytanowy Janusz

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Whales trapped bulls after breaking 12k resistance perfectly. After that event bitcoin looks weaker and weaker with every hour. I expect bitcoin to test 10-10.5k before even trying to go up.

Testing this trend line (and even fake breaking it to trap bears this time) is very possible. After that bitcoin can continue to grow.

Juggy777

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According to this Cointelegraph article (link below) Bitcoin prices have the potential to reach either up to $17k levels or fall back to $9k levels, and it all depends on whether bitcoin prices can breach the $12k level mark or no, because if bitcoin prices manage to breach those levels then it has the potential to rally upwards and reach up to $17k levels.

However it’s pertinent to note that if bitcoin prices slip from the support level of $11.2k, then there’s a high probability of bitcoin prices slipping back to $9k levels.

Lastly I know that it’s really difficult to predict where bitcoin prices may head, but what are you’ll opinions on this article and which prediction do you think we will witness in the short term?.

Source:

https://cointelegraph.com/news/bitcoin-price-risks-dropping-below-10-000-if-this-support-level-fails

Topic: Bitcoin can fall up to $9k or rise up to $17k - which one will happen. - page 4. (Read 637 times)