Topic: Bitcoin is going for a Big correction - page 2. (Read 684 times)

Dear investors,

I have been analyzing bitcoin price during past five and a half years and I can spot patterns and price trends (both upward and downward trends), before they start, with much accuracy. I used to own more than 50 Bitcoins at one time.

I can tell you with full confidence that bitcoin (and other major cryptocurrencies) will be some of the best-performing assets in the world for some years to come.

Now I can tell you with full confidence that a medium term price CRASH is coming and this will be spread over several days (possibly weeks) to come!

I have used more than one analytical methodologies that have been proven accurate  and correct in past and all of my technicals and fundamentals are screeming very loudly that CURRENT PRICE LEVEL OF $9400+ IS THE MEDIUM TERM TOP OF THE CURRENT RALLY which has been taking the price upwards since December 2018.

I can tell you with full confidence that right now the Bitcoin is in a hugely overbought condition (for the medium term).

My analysis clearly tell me that this upcoming downward trend will most likely start someday during the current week, the week which has started today, on Monday June 17, 2019 or during the next week and this downward trend will be spread over many days (possibly weeks) to come. Before this downtrend begins, there can be some upward price movements which should be taken as opportunities to sell at a higher profit.

So I would advice the investors to sell your cryptocurrency holdings at price jumps during this week, while you can. Do the profit taking now and then wait for the next bottom.

***************************************
The good news is that my Analytical techniques will also tell me when the next bottom will be near. So those of you who would like to benefit from my consultancy to find the bottom at that time will be more than welcomed.

Mark this post (and my words) for future reference. The future is not very far!
***************************************

You guys have to stop thinking about these things, whales will always be where money is, if they have a lot of money and want to dump BTC, what's the problem? It's not illegal

It's about protecting it from quantum computers, if needed. You don't understand any of this so you don't get to create any valuable opinions. There are very good reasons why it should be done and even more very good reasons why it shouldn't be done; therefore, to say that it "doesn't make any sense" is just being stupid. None of this has any relevance to the current price nor this thread.

Yawn. You are dishonest and malicious. Nobody should listen to baboons like yourself.

Recently I read a discussion in reddit about suppressing Satoshi's wallet

This is the worst idea I've ever heard here, it doesn´t make any sense

Bitcoin fell $1500 in a matter of hours, from 9k to 7.5k, once more proving the market is manipulated by few actors, and adoption will be hard due to it.

If we have another correction like that, it will just prove, one more time, the need to control the exchanges.

Recently I read a discussion in reddit about suppressing Satoshi's wallet. Its a constant source of FUD, we know, but it his private property, so Im against such kind of action, it would undermine the trust people have in bitcoin. There are other whales with similar quantities, should we suppress their wallets too? Of course not, its their private property, and its their right if they want to sell it or not.

Instead, I propose to control the exchanges through some kind of private comitee, because if someone want to sell too many bitcoins, theres the OTC market for that. You can cry me a river about freedom and liberty for corporate interests, I dont give a fuck.

If the exchanges have limits for dumping in a extended period of time, any kind of FUD would have less impact and more people would buy bitcoin. Institutional investors would flow in, without needing the dinossaurs from governments taking measures for them. And no, this would not be a two-way control, only on the way down, because bitcoin is not a ordinary asset, it was meant to be a reserve currency in the first place, so it needs worldwide adoption. People only buy it because it increases value fast.

So, correction or not, TA will be useless against the capricious movements of a few individuals. The centralized exchanges are accomplices to that. Judging only by TA, I dont believe we will have a correction below 8k.

too many people are bearish for the price to crash

@MegaAnalysis if you’re so confident on your analysis how come you haven’t been rich till date, or famous as the man who was always spot on about Bitcoin price analysis everytime he made a prediction?. I don’t mean to be rude but I am not convinced about your analysis, as you have not posted concrete evidence to back it up. Also what is the proof of you holding 50 bitcoins, again you have not shared any images to back up your claim.

Dear investors,

I have been analyzing bitcoin price during past five and a half years and I can spot patterns and price trends (both upward and downward trends), before they start, with much accuracy. I used to own more than 50 Bitcoins at one time.

I can tell you with full confidence that bitcoin (and other major cryptocurrencies) will be some of the best-performing assets in the world for some years to come.

Now I can tell you with full confidence that a medium term price CRASH is coming and this will be spread over several days (possibly weeks) to come!

I have used more than one analytical methodologies that have been proven accurate  and correct in past and all of my technicals and fundamentals are screeming very loudly that CURRENT PRICE LEVEL OF $9400+ IS THE MEDIUM TERM TOP OF THE CURRENT RALLY which has been taking the price upwards since December 2018.

I can tell you with full confidence that right now the Bitcoin is in a hugely overbought condition (for the medium term).

My analysis clearly tell me that this upcoming downward trend will most likely start someday during the current week, the week which has started today, on Monday June 17, 2019 or during the next week and this downward trend will be spread over many days (possibly weeks) to come. Before this downtrend begins, there can be some upward price movements which should be taken as opportunities to sell at a higher profit.

So I would advice the investors to sell your cryptocurrency holdings at price jumps during this week, while you can. Do the profit taking now and then wait for the next bottom.

***************************************
The good news is that my Analytical techniques will also tell me when the next bottom will be near. So those of you who would like to benefit from my consultancy to find the bottom at that time will be more than welcomed.

Mark this post (and my words) for future reference. The future is not very far!
***************************************

it's amazing---the head and shoulders calls fail and immediately the bears start calling for a double top!

too many people are bearish for the price to crash. everyone seems to think they can buy back lower. meanwhile, shorts have skyrocketed since the $7500 bottom. i think people like the OP are getting bear trapped and are gonna end up fomo'ing back in above $10k.


used to. that's what being too bearish gets ya. how many can you buy now?

Wrong. Any idiot can occasionally be right after a million predictions. Either it goes up and continues going up or it goes up and reverts back down. You have a 50% chance to be right on this if you only believe that it will first go up.

https://i.imgur.com/n8sUWAE.jpg

IMHO, Price will first go up, maybe touch or exceed $10000 (or even 11000) and then the Big correction which will be spread over many days will begin. The current fall of a few hundred dollars from 9450 to 9050 in last 10 hours DOES NOT LOOK LIKE THE BEGINNING OF THE NEXT CORRECTION TO ME.  PRICE SHOULD FIRST SURGE-UP AND THEN CORRECTION SHOULD BEGIN. This ongoing dip close to $9000 looks like a short term BUY OPPORTUNITY to me. DON'T PANIC GUYS. IT MAY EVEN DIP BELOW $9000, BUT IT WILL BE JUST A DIP.

Mind you, it takes more than a random guess to get all the chain of events right.

He's a random pajeet that has no idea what he's talking about. If he ends up being correct, it's going to be due to sheer luck like most TA conmen.

This is the reason why, or he's trying to short right now. Either way, both reasons are dishonest and malicious.

Dear OP, nice to hear that you have had a lot of accuracy with your readings, but do you mind telling us why you didn't have an account here already? Why did you choose right now to make a grand entrance, after 5 long years with a lot of success? Where is the proof of your 50 BTC? Sign an address and we know you're not taking a dump on us;)

You need to at least become a Jr Member to be able to attach screenshots/images to posts.

Just try to enclose them inside [img][/img] tag now and it will be posted as links.
The images will be displayed after ranking up (30 activity & 1 merit); or buy a copper membership to lift your newbie restrictions.

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On topic FYI, correction are always expected after a price surge, care to be more specific and detailed?

I used to own more than 50 Bitcoins at one time.