Bitcoin is Cheap Until April, We’ll Never See Price at $3,000 Again: Trader - page 2.

STT

legendary

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Quote from: buwaytress on March 15, 2019, 07:39:17 AM

God damn it but I have not seen this term before. Reverse bubble.

Reverse bubble would be the reaction after a fall where its travelled too far without really trading those price ranges. So I think of it as a kind of vacuum in the price, alot of movement but not alot of volume occurred there meaning its quite likely we find our way back to this area as its low resistance if you see what I mean

Where I'm thinking of this area right now is the window 4500 to 6000 where it fell quite rapidly. As said above, the price otherwise has moved quite slowly since December. I will add I think its been accumulating not really average or sideways but positive

pixie85

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I also think this is the final bottom for bitcoin. I'm not saying we won't see a drop or a double bottom but it won't be something similar to that break below 5000 dollars followed by a panic selling. Bitcoin is looking strong especially now when stock prices are jumping up and down and wall street doom preachers are out predicting a big bear market.

fasdorcas

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Quote from: pooya87 on March 15, 2019, 12:33:23 AM

Quote from: LeGaulois on March 14, 2019, 12:17:40 PM

From December 2018 (date on which Bitcoin gradually losts value from ~$6k to ~$3,5k) to March 2019 the Bitcoin value has remained around $3,500 with small up and down here and there.

"gradually" for this particular price drop is the understatement of the year Wink

from $20k (the top of the bubble) down to $6k (bottom of the bubble burst) tool more than 7 months and that is 70% drop.
then we stayed there for more than 6 months building up a solid bottom.
the drop from $6k down to $3k (>50%) only took 12 days which is actually why i never considered it a real drop and i call this state we are in right now a "reverse bubble".

This your analysis shows that trend does not come to play in the price movement of bitcoin or other Cryptocurrency, for the fact that it followed a particular trends from the past doesn’t mean the trend will repeat itself.

I also see BTC touching the price of $3k if many investors pull out there funds which I really doubt they are willing to do that now and since the price has already touched the bottom now, I expect many buy this period to sell. The high ratio of buy to sell will definitely keep BTC on the upward trend and not vice versa.

LUCKMCFLY

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There is a basic principle that every market speculator must take into account, if the Market Makers want to bring the price of bitcoin at any price, they can do it whenever they want, the reason is because they have the money to do it.

The fact that it will not fall back to $ 3,000 can occur, although I have studied the possibility that it could fall even to $ 2,800, I study the market based on Wyckoff's theory, and I can probably correct those prices.

The reason why the bitcoin is now rising and then falling suddenly, is because they want to buy cheap, it is normal, always Strong Hands will buy cheap, never expensive, if they do expensive it is normal that they risk losing, and these people do not take those unnecessary risks.

It seems cool to me that you have managed to reach the conclusion that in April it will be the last chance, if that happens, you really have a different market vision and you see trading in another way, which is great.

omonuyak

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I do agree with op view and for some of us that has be in this market for long we can easily agree with op that this is how bitcoin circle works. If the next bull commence it must create another new high and after that full deeply again and rise high.

magneto

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Quote

Despite being down 80 percent from its all-time high, a fairly large number of investors are still cautious and shorting bitcoin in a low price range.

Bitcoin shorts achieved a 3-week high earlier this week, demonstrating a lack of confidence of investors in the cryptocurrency market in the near-term performance of bitcoin.

I don't know whether this is logical for the market to do, because it certainly seems like that bitcoin has already bottomed. I don't think that in the near future we'll see anything lower than what the bottom has currently been established by, so these shorts could certainly result in a short squeeze in the short term.

Regarding this person's prediction about bitcoin being cheap until April, I wouldn't jump to conclusions about when the rally or breakout will happen. It might not even happen in this half of the year for all that we know.

All that we know at the moment is that there is relatively low probabilities the value of BTC will drop significantly in the short term. -75-80% seems to be the range where most bear markets that bitcoin has experienced have seen its floor, and we've already been through that phase. Unlike some others, I think that it is pretty much impossible for prices to drop below $2.5k at minimum, let alone go to three figures like some people fear it will.

el kaka22

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I agree that 3000 dollars is just way to little for bitcoin from now on. We have managed to make so many improvements on bitcoin and on crypto that if we could increase ever again we can sustain higher prices and that was the biggest trouble last time around, we did increased but that increase was unsustainable.

Bitcoin is "cheap" right now for sure but that doesn't mean it will go up right away, there is definitely difference between buying now and waiting 6 months until we make a decent profit and buying 6 months from now just before the increase and than make profit the next day. So all in all we know we are in a great price right and buying from this price is smart but we just don't know when the next increase will be so we are all either buying today or waiting until we are really close for that bull run and buying right before that moment.

buwaytress

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Quote from: pooya87 on March 15, 2019, 12:33:23 AM

Quote from: LeGaulois on March 14, 2019, 12:17:40 PM

From December 2018 (date on which Bitcoin gradually losts value from ~$6k to ~$3,5k) to March 2019 the Bitcoin value has remained around $3,500 with small up and down here and there.

"gradually" for this particular price drop is the understatement of the year Wink

from $20k (the top of the bubble) down to $6k (bottom of the bubble burst) tool more than 7 months and that is 70% drop.
then we stayed there for more than 6 months building up a solid bottom.
the drop from $6k down to $3k (>50%) only took 12 days which is actually why i never considered it a real drop and i call this state we are in right now a "reverse bubble".

God damn it but I have not seen this term before. Reverse bubble. Absolutely does not make sense (bubbles burst) but I can sort of imagine an inverse bubble, sort of like a contained implosion into a new dimension within space.

Yes, I can see myself using this inverse bubble term one day, in 2021 maybe when we're back to the normal bubble, maybe ask someone to do a nice graphic of the bubble and its inverse! A new kind of TA chart!

P.S. My life also has had a gradual pattern of decline... in the same way as Bitcoin sheds 50% value in a fortnight!

mirakal

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How about until March?

I like that analysis, seems like experts are now bullish with BTC and they believe BTC has already bottomed.
I'm very much excited seeing bitcoin pump again, granting that the analysis is correct, may I know what possible price will be the high this year?

pooya87

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Quote from: LeGaulois on March 14, 2019, 12:17:40 PM

From December 2018 (date on which Bitcoin gradually losts value from ~$6k to ~$3,5k) to March 2019 the Bitcoin value has remained around $3,500 with small up and down here and there.

"gradually" for this particular price drop is the understatement of the year Wink

from $20k (the top of the bubble) down to $6k (bottom of the bubble burst) tool more than 7 months and that is 70% drop.
then we stayed there for more than 6 months building up a solid bottom.
the drop from $6k down to $3k (>50%) only took 12 days which is actually why i never considered it a real drop and i call this state we are in right now a "reverse bubble".

thecodebear

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Basically the guy is just saying the obvious, at some point in the near future Bitcoin will rise out of the $3000s permanently. That is the start of the next bull run. I think April is a bit early, I'd say more like August, but yeah Bitcoin is cheap now and if you wait too long you'll miss the bottom which has already been going on for 4 months.

BitHodler

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Quote from: Dreamchaser21 on March 14, 2019, 04:59:13 PM

The market should be more active this time, we need to see bitcoin on top again but we have to wait for that.

When it's active people want it to be stable, and when it's stable people want it to be active. I think Bitcoin is doing fine where it is right now--everything is better than another major leg down.

People will only have appreciation for current "boring" price when it dumps 50%, just like what happened last year. The lack of activity was what people complained about, and here we are today....

I'm happy to accumulate some more coins at current levels, but I'm buying small chunks each time just in case we do get another leg down. I doubt it will drop much further, but you never know.

Romanianz

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Quote from: Dreamchaser21 on March 14, 2019, 04:59:13 PM

Hopefully, because bitcoin is down for so long but this is not guaranteed since many speculations that stating bitcoin will have its another dump before it finally go up. The market should be more active this time, we need to see bitcoin on top again but we have to wait for that.

I don't think anyone can provide a guarantee that the price of bitcoin can return to expensive if you don't support buying bitcoin, because you have to know to be able to make the increase in the price of bitcoin there must be someone who buys a lot of bitcoin.

Dreamchaser21

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Hopefully, because bitcoin is down for so long but this is not guaranteed since many speculations that stating bitcoin will have its another dump before it finally go up. The market should be more active this time, we need to see bitcoin on top again but we have to wait for that.

Harlot

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The word “never” is something we actually cannot expect to happen even though we can retest the 3,000$ level now it doesn't mean that we won visit it for another time. The charts or any future possibility does not remove the fact that 3,000 $ is something we could visit even after a bull run happens. A lot of traders or known individuals in the past make bold statements before similar to what Galaxy said that it won't touch this certain levels anymore but every single one of them are wrong as the crypto market is really unpredictable especially when you looking at long term projections.

vintages

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OP, what you stated above is just the usual prediction, nothing more. I don't even know who is this 'Galaxy'. But his prediction is no different from what we have been seeing before. It's okay to predict though, but just bear in mind that you shouldn't act on any predictions. The market can fluctuate anytime.

exstasie

legendary

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Quote from: Kemarit on March 14, 2019, 12:24:48 PM

LOL, who is this Galaxy?

Yet another nobody. These publications are so desperate for content.

A few years ago, you had to prove yourself as an analyst for anyone to pay attention to your charts. Now all you have to do is buy a few followers on Twitter and make a provocative prediction like "BTC already hit the bottom!" or "BTC to $1,000!" and these trashy news sites will publish your analysis.

Anyone banking on the bottom being in already is assuming that on the basis of fractal analysis which is just about the least respected form of TA in existence. Most traders rightly view it like reading tea leaves.

Ayiranorea

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As same as the Eliot wave chart on the BTC/USD the predictions have come to reality similar to that of the chart from the peak margin. Same as in the chart the market fell low closer to $3000, when the market indication shows around $4200 by that particular time period. Same as that once again a drop point is seen over the market in the upcoming days which is around the $3000 mark. In this regard I believe there will be price falls close to $3000 before a big pumping.

iv4n

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Quote from: 1Referee on March 14, 2019, 10:03:32 AM

Analysts and possibilities. Roll Eyes

After this we don`t need to say anything more, this explains every possible prediction about bitcoin price. Even thou it`s explained many times, people still ask same questions, people still believe in everything they see, without thinking. Bottom line, don`t believe in any bitcoin price prediction, just relax and follow the market, have a plan for every possible scenario and don`t bother too much with a way to optimistic or pessimistic predictions.

buwaytress

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I'm still sticking to my guns. More lows for 2019, possibly even creaming off 3k and threatening 2k. After all, Bitcoin wouldn't "complete" the cycle without shedding 90% of its ATH, now would it? I was prepared to feel terrible and I suppose my expectations haven't been met yet. This isn't the capitulation I was readying myself for:P

I'm warm and fuzzy either way. Wonderful period for earning in Bitcoin, and every month we stay in the doldrums is another month I get to grow my BTC.

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