Our new contrarian indicator? It was only last month when Vinny Lingham has said that bitcoin could still crash below $3000. It pumped, however. In this latest article he said that I am now bullish on bitcoin. It might dump hehehe!
Lingham tweeted a thread stating "What part of - "I'm bullish on Bitcoin if it breaks and holds $6200 for 24-48 hours" is ambiguous? Yes, I'm now bullish on Bitcoin.
Lingham admits that it is "likely that we are at the start of a recovery". He expects that bitcoin will test new highs, saying "It might take a year or so, but we're going to test $20k again at some point in the near future."
Source https://www.chepicap.com/en/news/9661/vinny-lingham-on-btc-we-re-going-to-test-20k-again-.html
Topic: Bitcoin could still crash below $3000 - Vinny Lingham (Read 13610 times)
Maybe he was right since the market is not yet in the bullish stage there is still a tendency that it would back to where it wanted since the price right now maybe some kind of a bull trap.
At these price levels it doesn't feel like there's that much conviction around at present. I could easily see it falling back into the $3000s. Going below the previous low though would have to wade through an awful lot of orders to get there. Things can turn in an instant so it's possible but it's going to take some effort and it won't be for a while.
Anything can happen, however, easily back to $3000? I reckon it might be harder for bitcoin to fall back into the $3000s than flying over $6000s. No one is dumping their bitcoins anymore, only their altcoins hehehe.
Maybe he was right since the market is not yet in the bullish stage there is still a tendency that it would back to where it wanted since the price right now maybe some kind of a bull trap.
At these price levels it doesn't feel like there's that much conviction around at present. I could easily see it falling back into the $3000s. Going below the previous low though would have to wade through an awful lot of orders to get there. Things can turn in an instant so it's possible but it's going to take some effort and it won't be for a while.
Anything can happen, however, easily back to $3000? I reckon it might be harder for bitcoin to fall back into the $3000s than flying over $6000s. No one is dumping their bitcoins anymore, only their altcoins hehehe.
Considering the volatility of bitcoin anything can happen, but the actual situation doesn't seem that bad, as the whales have started returning to the market and the volume is increasing, so i don't think that bitcoin would reach that low in near future. If it can't go up immediately then it would remain stable for some time.
We are getting some big people to entertain us with their words! This man is like a true hater of the Bitcoin, he always loves to make downtrend prediction for the bitcoin price. He is like a foe for the Bitcoin and after Craig Wright, we need to ignore this man. I will stop trading Civic coin from now, we have many good options to trade but they have only us! If we refuse these guys from the crypto, the crypto market will be much better than now, though sometimes we would miss their entertainments 
Maybe he was right since the market is not yet in the bullish stage there is still a tendency that it would back to where it wanted since the price right now maybe some kind of a bull trap.
At these price levels it doesn't feel like there's that much conviction around at present. I could easily see it falling back into the $3000s. Going below the previous low though would have to wade through an awful lot of orders to get there. Things can turn in an instant so it's possible but it's going to take some effort and it won't be for a while.
Me too, I think that we may expect a retest of 3k-3.8k range after the 5.8k rejection. Also the positive sentiment that brought us to the 5k level seems to be vanished.
In any case I have some more leveraged buy orders to fill in that scenario.
Maybe he was right since the market is not yet in the bullish stage there is still a tendency that it would back to where it wanted since the price right now maybe some kind of a bull trap.
At these price levels it doesn't feel like there's that much conviction around at present. I could easily see it falling back into the $3000s. Going below the previous low though would have to wade through an awful lot of orders to get there. Things can turn in an instant so it's possible but it's going to take some effort and it won't be for a while.
Maybe he was right since the market is not yet in the bullish stage there is still a tendency that it would back to where it wanted since the price right now maybe some kind of a bull trap. Although i've seen it moving from 5K to 5.3K and it is stable just like the previous stable price of 3.8 to 4k. But i don't think Bitcoin would get back to the bearish market since the movement of Bitcoin seems going up since it is done going bottom.
I don't think it can happen very soon! Bitcoin price ups and downs will continue, but the Bitcoin price chart is heading forward right now! Anytime we can see a good pump, even Binance research said Bitcoin is set for a bullish run and the bearish ends confirmed! But Vinny Lingham has enough points to make this statement! Bitcoin price still can crash at 3K USD, But personally, I would not agree with him.
Do you know what I was thinking about? People are not interested anymore to know what caused the recent rise. They're just happy with the money, how that comes doesn't matter 
That being said, it would be nice if the bullish trend continued at least until the end of the month but I'm not sure that's an option when the whole market is red today.
That being said, it would be nice if the bullish trend continued at least until the end of the month but I'm not sure that's an option when the whole market is red today.
Vinny Lingham has no idea what he's talking about. He is a complete joke imo.
Haha, may be he was druken at the time he said this. People were speculating bitcoin dumped to 2k again when the market blooming over 4.5k USD but now bitcoin has proved its worth and market reached the 5.5k value now.
We may ignore such value speculation and keep on moving with the investment amount we have.
Hmmm we cannot guess his state but there is no possibility for BTC to go below 3k. Now BTC is performing good and values are increasingly slowly which is the positive result for crypto market hence don't go for some low amount prediction. BTC will going to increase in the upcoming years.
If you want to be bearish in this bullish market, you should have some reasons for this. Let me help you to support your position providing bearish signals one by one.
What if the market forms a double top? This chart pattern belongs to a reversal group of patterns and it can confirm a trend reversal or a correction as a "light version".
The double top will be confirmed if the price can break the local swing low. For this, the price will have to break 5000.00 support level .
The other bearish signals are provided by MACD lines and histogram. This indicator supports the downward movement.
RSI is not far from the overbought zone. The line dropped from the zone, moved upward and probably soon, we will see a new falling from 70 level.
Vinny Lingham has no idea what he's talking about. He is a complete joke imo.
Haha, may be he was druken at the time he said this. People were speculating bitcoin dumped to 2k again when the market blooming over 4.5k USD but now bitcoin has proved its worth and market reached the 5.5k value now.
We may ignore such value speculation and keep on moving with the investment amount we have.
Hmmm we cannot guess his state but there is no possibility for BTC to go below 3k. Now BTC is performing good and values are increasingly slowly which is the positive result for crypto market hence don't go for some low amount prediction. BTC will going to increase in the upcoming years.
Seriously? Dropping to 1700? Like even if that is possible which it is not the support is at 1900 not 1700, anyone who checked out the resistance and supports would have known this, dude must be just making up numbers as he is going along and just putting them on news.
Bitcoin will not drop that much, I can tell you that much, bitcoin is going above right now and even with a correction the price is set at 4400 right now for support and will not go below believe me. I think the real reason these people want bitcoin to drop is that they have purchased a heavy amount of bitmex shorts or cme shorts so if bitcoin goes up all their money will go to waste and they will lose it. They want bitcoin to drop to 1700's so they could potentially profit a lot from that move.
Bitcoin will not drop that much, I can tell you that much, bitcoin is going above right now and even with a correction the price is set at 4400 right now for support and will not go below believe me. I think the real reason these people want bitcoin to drop is that they have purchased a heavy amount of bitmex shorts or cme shorts so if bitcoin goes up all their money will go to waste and they will lose it. They want bitcoin to drop to 1700's so they could potentially profit a lot from that move.
Well lets be happy if this comes reality as i will sell all.my bitcoin now same as altcoins to buy on that $3,000 dip again.but i am afraid this wont come because the bull is just around the corner and waiting for the big strike.we have waited so Long and most of us cannot afford another dumps .but we have no choice as whales is the only way for the market to grow again just like what they did in the last quarter of 2017 when they pumped the prices to more than hundreds multiplied. Maybe we can help the market for not sharing this kind of negativity to the community because we are tired of seeing same thread over and over when the price of bitcoin starts to grow
It pisses me off because they are doing that on many many crypto websites and news, a bunch of random people that have some idea about technical analysis throw a bunch of technical words here and there and keep ''predicting'' idiotic prices, it just gives the whole thing a bad name imo.
Well the person is right, he is stating the possibility not 100%. We all know cryptocurrency is very volatile so setback is very possible and probable. Don't be wronged, I am on bullish BTC but taking the logic on what the person stated, there is really a possibility but it is slim at the current sentiment of the market.
Yeah well no shit, what kind of logic is that? I can then say bitcoin will be 10 million dollars in 102 days and you will defend me saying, hey, bitcoin is volatile so it's possible. Everything is possible to an extent, however these people aren't saying, hey, bitcoin might go to 25k in 2021 with a 0.04% chance of happening, they are saying bitcoin WILL be xx in xxxx essentially saying that they know with an 100% certainty that bitcoin will do that. It's misleading.
Vinny Lingham has no idea what he's talking about. He is a complete joke imo.
Haha, may be he was druken at the time he said this. People were speculating bitcoin dumped to 2k again when the market blooming over 4.5k USD but now bitcoin has proved its worth and market reached the 5.5k value now.
We may ignore such value speculation and keep on moving with the investment amount we have.
Vinny Lingham has no idea what he's talking about. He is a complete joke imo.
It is very easy to predict about the bitcoin price and I am not ignoring his prediction. Because it's crypto and here anything can happen within a minute. I never forget how fast bitcoin price was increased and how fast it went to down! But personally, I think Bitcoin price will cross 6K USD before the next bear run!
I'm pretty sure we will go above 6,000 USD - We have just has an accumulation phase - we haven't had any selling pressure even though the big spike.
We have the whales who clearly want us to go to 6,000 USD and above due to the huge liquidity pool, where they have the opportunity to stop hunt and squeeze, and make become richer. Also the fact, that BTC will geta comeback in the media, which will attract retail investors, who have bought the top (5th wave).
Hereafter we will go below 6k again after we have been crusing around 6k for a while.
If you stare at the charts you might see why he is saying what he is saying. Basically the $6000 is a very strong resistance area, there is a good chance it will reach that area and turn around and head back down. Now we got some support at $4200, but if it doesn't hold then the next support will be at the $3100 area which was the prior low. We also got that 200W MA which is probably higher up by now but there is a chance it might not hold this time.
Hence he could be correct but shorting right now makes no sense, its better to just short at $6000 if we get there or if we go to $6000 and start heading back down, then short then. But right now if you should you might get lots of pain if it ends up jumping $1000 in a single day again.
Hence he could be correct but shorting right now makes no sense, its better to just short at $6000 if we get there or if we go to $6000 and start heading back down, then short then. But right now if you should you might get lots of pain if it ends up jumping $1000 in a single day again.
However, one analyst, Murad Mahmudov of Adaptive Capital, is predicting ...
these are literary random people on the internet making random guesses.
my theory is that at least 90% of them are "gambling" (with their statements not with investment) which means they make the bet to make an outrageous prediction like this one here. there is only two possible scenarios with the "reward" being a lot more than the risk.
1. this bullshit guess never comes true. the result is that the bullshitter is just another idiot among thousands who made bullshit claims and be forgotten easily.
2. the bullshit although unlikely, actually comes true. the result is a quick raise to fame overnight as a "prophet" in the market who predicted it correctly! this will last a short time though since their subsequent "bets" never win
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