Topic: Bottom is in !! - page 4. (Read 23452 times)

Obviously, it can even go as low as $1500 as others have predicted.


It's just part of the market and we have seen that bitcoin is very volatile that's why you need to be very careful here. FUD will be around so just learn how to trade and take advantage of every situation wherein you can buy cheap bitcoins and either short it or hold for long term.

The distortions in the market could always make the price to go that low but if it does that price will not last long, this is why I am positive about the future of bitcoin since it is very likely the only direction the price can take from now on is up but this is not something that can be noticed that easily now but in 6 months that trajectory should be obvious.

I think that once we break 3000 we will go significantly lower... 2500 or even 2000$.

Once price breaks 3000 there will be again alot of fear... so most people will be looking to sell, not to buy. The only people who are interested to buy once fear comes to the market are people with good technical and fundamental background, and they will position their buy orders at significant strategic price levels, and those might go down as far as 1300...

And it looks like the price is steady above $3500 now up to the end of the year so I doubt that we will see a new bottom. But if the price goes below $3K then I doubt that it will stay on that levels for so long because that's another perfect time to accumulate so I wouldn't be scared when I see the price like that. I'm sure that everyone will start to pick up a lot of bitcoins that time that will ultimately cause the price to spike easily.

That's the logic I arrive as well.
Price already at dip now based on my analysis so I am aggressive with buying the coins and tokens I like to keep.
No one can predict when is the bull run will start but with these price on the floor, it's hard to resist as we can easily make profit for short trade.

The price does not really have too much room to keep going down, if the price keeps going down then we are going to reach prices before bitcoin even activated segwit and that doesn't seem possible to me because thanks to segwit bitcoin has improved considerably and it is a better coin because of it so it doesn't make a lot of sense to see prices lower than that.

No one can really said this is were the bottom is as this market is highly unpredictable and one cannot really said the current price is the bottom as the saying bottom has not been holding for several times.  Last February many speculators were saying the bottom is at $10,000 and in March we see a good drop that push bitcoin to around $8750! In September and October when bitcoin was stable for sometimes many people said $6000 was the bottom and this has also failed.  I think something significant has to happen before we can said this is the bottom and that thing may not happen this year again.

I wouldn't dare to overlook history, as pointed out by others in this thread, Bitcoin has dropped 90% and even 95% from ATH before recovery. It barely touched 3k this time around, so it was only 85% drop, so we shouldn't be surprised if it doesn't drop even further.

Not saying history is sure to repeat, but if we believe another ATH is coming, then we must believe the super low is also coming.

Too soon to call the bottom I believe.

It seems like we are in a wave up to 5-6k$ for BTC at the moment... Bigger alts like ETH, XRP, BCH have already increased in price alot, BTC seem to be a step behind, but I still see it at at least 5k, which would kind of confirm my prediction...
I don't see much chance for 6k to be broken on the upside, maybe just for a short spike above, and close down below, this would be nice reversal candle and would probably mean more weakness and selling...
I am still 80% convinced that bear market is far from over, and I expect retest of previous lows, there is also possibility of breaking those lows, and the possibility is not that low actually.
The only bigger crypto that in my opinion might have already reached fiat low and might not retest it is BCH, at around 73$ ... the reason for that is that drop was extreme, from above 4200 in Dec2017/Jan2018 down to 73$ = 98,3% drop. From November 7th 2018 till December 15th 2018 it dropped from 639$ to 73$, due to bear maker of course but especially due to fork and hash war... After this hash war is resolved, probably already is, I just don't see BCH that weak again...

If you are interested to play those short/med term swings than start preparing yourself to sell your cryptos, cuz we are not far from another crash... Just think about it...
If you are long term investor than just hodl and forget about crypto for a year or two....

B and C options both still seem valid...

that's right, there are some charts that can't be expected, but in my opinion the bottom has happened because at this time bitcoin has broken the first resistance line

Nice chart forecast. your scenarios seems accurate to what the market currently happen and hopefully the 3k Bottom would be the final bottom before the bullish market came in. strong buying of bitcoin are currently experiencing in the market this may be a good sign that we can end this year even at 5-6K4 level.

Exactly, just in the last 24 hours, bitcoin recorded another spike to $4200, I thought that its a big psychological barrier but it was broken anyways. But let's not get comfortable as anytime the market can succumb to any negative news although what we have witnessed its very promising and hope that the bear cycle is finally over.

I guess with the little improvements we've been having,the bottom isn't actually in,at least just yet, it's been a terrible year with the bitcoin flooring most supposed experts and their factless predictions,further proof that we have no grip on the market movements or what's gonna happen next

As you mentioned the unpredictable, it is true that it is really hard to predict what will happen to the next movement of every coin. The thing that we can only do is to follow that market and adjust our current strategy to fit in the new situation. 

We can only discuss here all of these options, man. In reality, we cannot change anything. The market can fall or go up at any moment. 2018 has become the most unpredictable year for the cryptocurrencies.

Here we go... Did I just literally give you the perfect entry poin a day before rally started?


Now sit back and relax


Options B and C both still seem valid...

People have been saying that "X" price point is going to be the bottom all year. Lets get real. 2017 was a bubble where the market was built on hype. People got excited about the soaring price and how quickly they were seeing their portfolios increase. Then January rolled around and every snapped back to their senses and realized that crypto is worthless if the only things you can buy with it are drugs online or the occasional Starbucks coffee.

I'm still skeptical, but, I've been wrong so many times in the past, that who knows what we are in for. I previously wrote off 2018, and figured the bear market would last until next year (and possibly the year after).

Guess we will see how the next few days go though.

The price has already gone up, but we are still waiting for a much larger increase in the entire market capitalization, more and more news about the use of digitization technology, it's a matter of time

How sure are you about this? Maybe it will even go below the $3150, I’m thinking the price might still drop to around 2k or so. The price has been quite unpredictable this time around, so we don’t really know what follows next. Yesterday the price was $3150 which was a drop of about 5% or so, and today is already up by 3.3%, around 3,300.