Topic: Bottom is in !! - page 9. (Read 23432 times)

one thing that i have experienced throughout the years with bitcoin is that whenever i see a lot of manipulation where the drop is because of it, that has always meant high unpredictability. so calling bottoms, using things such as moving average,... becomes meaningless because it is manipulation that is dominant and deciding the price hence the bottom. that is also why i always prefer staying away at times like this unless i already have some free money which i would make sure to dump and buy bitcoin instead.

I don't believe in some predictions and forecast anymore. If the famous experts are mostly becoming foolish for so many times before due to bearish market then how much more for the ordinary crypro users like us. I will steak to wait and see scenario as Bitcoin and Crypto market are proven unpredictable.

i think it's a dead cat bounce. buying volume isn't too impressive, and there's no V bottom to be seen.

the S&P 500 is also threatening a pullback. the last 4h close is a bearish star doji. it looks like the stock market is about to test the theory that we made a double bottom; the same could be true for BTC. while i don't believe there is a direct causal relationship with bitcoin, like masterluc i believe they are correlated because of a larger market cycle.

I really hope that is not the case, the price going down even further will be probably the breaking point of many investors, while many will be happy with those investors leaving the market that will decrease the adoption and it is likely that someone that has lost so much money with cryptocurrencies will prefer to not invest again in them, so the small recovery we are seeing even if it is not much gives those investors at little bit of more calm and they could decide to keep holding.

Probably all of use who are still around believe that bitcoin will do good in a long term, otherwise we wouldn't be around anymore


The thing is that yes, this really looks like some kids drawing. I could have used much more time to make screenshot look much more sophisticated, but outcome would have been the same. A,B,C scenarios would have been the same.
You could, and you can draw some lines and say A, B or C...nobody is stopping you from doing it. If you can argument the logic behind it you are good to go...
Too many people thinks that someone doing TA will simply give them the magic numbers which will stick. This ain't gonna happen. TA is all about recognising patterns, and anticipating what might happen, and with what probability... But nothing and never anything is certain untill it happens. Bottom line, the only one who you need to trust is yourself, all kind of TA and other "drawings" you can find online is just another info you need to critically analyse.
And FYI I am not an expert of TA...

Btw I still believe we are going to see A scenario...


If you believe yours is better, than stick with yours!
What kind of calculation do you have in mind? How I get those numbers?
I don't want anyone to strictly stick with what I anticipate... those numbers are very lax, so don't look at exact hight of my curve, because I draw it very superficial.
We might go up to 5400$ in next few weeks, and in beginning of 2019 drop down to 3300 for ex... and I will still say that we have seen A scenario.
What I want to predict here is short-mid term cycles good for trading... I don't care about exact numbers, I don't care where exactly will bottom be, because I know I will never hit it... but in between I can make alot of money if I get short-mid term cycles right...

You have good prediction but I don't know your calculation, so I can't compare with mine. I lost hope with crypto because already reach my stop loss, I should cut loss all activity. Maybe I can use yours but I think mine is better. Your scenario is good and maybe when this situation happen again I can use it. Many strategy came in this situation but I see all fails, good luck with your scenario.

Currently the price is now over $4000 so which break all the resistance?

Actually no one can aswer that where is the real bottom,everyone have their own view while predicting the prices but there is no need that history will repeat again so the analysis are just for the reference but it may or may not happen now.

I would rather chill to actually see the trend change with the market developing before claiming a bottom is in. Sure, we can see the price action in a way that the market could have a short term rally but I have not seen the expected volume yet. I would not be surprised to see a final drop towards $3000 before we see any possible reversal, but that is something we will leave for time to decide. Right now, I would rather chill and wait to see how the EMA200 will be reacting in the daily time frame. Psychologically, $3000 would be a good psychological support at this stage, but the truth is anything can happen when it comes to going even lower than that.

Is it just me or does this literally just look some kid drew a few rectangles and some squiggly lines? I'm not saying there's no logic behind this but when so many different forms of TA all look the same how can you really trust any of them. I could just as easily draw some lines and say A, B or C will occur.

We still don't know that yet if it is really the bottom for now and would not go further down., but I do know that Bitcoin will survive and will run up again.

The fall has been going on since January. Every time I hope that there is nowhere to fall below, but the price of Bitcoin surprises again. I have already stopped hoping that this is the bottom, I am a long-term investor, when this fall stops and growth begins

the current price has moved from $ 3000 to $ 4000 and this is good progress even though the altcoin still can't go up high but this is a positive trend going forward. My prediction is the price will be sideway in the range of $ 4000 to $ 5000 until the end of 2018 and will skyrocket in the following year because crypto already has a lot of good integration at that time

I initially thought that the bottom will be about $3500-$3600 but I have to re-adjust so I'm also on the $3000 lows as seeing the final bottom. Currently though we haven't reach that price, as the price is really on a swing right now and hitting as high as $4300. But as you can see its too much of psychological barrier. So I guess we are still far from the bottom and we might see some sell-offs again pushing the price below $4000.

Well of course nobody is able to give you exact namber where bottom is going to be... All is just guessing according to diffrent indicators...


A.) I expected bounce from 4200$, in fact we want down to 3600$, but this doesn't change anything... bounce should go definitely above 5000, close to 6000 is possible. And than another big selling next year all the way down to new lows..
B.) We go down to 3000 - 3200$ without having any significant bounce before that... after we go back above 5000, 6k is possible, and next year we have another big selling down to new lows, in 1300 - 2000$ range...
C.) like B. we go down to 3000 - 3200$ without having any significant bounce before that, and in next 6 months we are somewhere in 3500 - 6000$ range, but we don't make new fiat lows...


I agree with you on volume indicator, we haven't seen enough volume to be confident...which in my opinion means we haven't seen the bottom yet...


Everybody who is still interested in crypto is trying to identify bottom, and wants to buy as soon as one important support is reached, this gives the bounces into green... on the other hand someone is very much interested to drive price down, and to shake off all weak hands, create panic ... this gives us huge drops... It is just usuall market psychology... But of course nobody knows at which level bulls will overpower bears and vice versa


And I also agree with you very much on this market emotions observation... but I believe we will have one significant bounce, before final sell off and absolute bottom....

Nah man, there's still way too little despair in the air. The streets need to run red with the blood of traders and hodlers alike as everyone loses their hope and feels their investments turn to ash. There's no bottom as long as people even dare calling the bottom.

The bottom is yet unknown at this point. Many have called varying numbers, while some have happened, some are yet to materialize. We're at this point grossly oversold on most timeframes, yet supports get broken. So the bottom is vague for now

I totally agree with you, as i have also see when ever their is some selling pressure and market goes down , their everyone comes and tell that this is bottom or else take more 500 $ down and tell it as bottom resistance. and when it is broke another down target as resistance. So it is clear that nothing id bottom.

3000 is the bottom, below this is deeps of hell

since it started the bitcoin cash war, it was a hell for all cryptos


The answer to that question has become the goldmine for many people, people have begun to focus on guessing where the bottom will be because if they hit it, they will have the chance to become famous. The problem is that every day people fail to say where is the bottom


I can not see well, in this image in your opinion what is the bottom? $3600?


this reminds me when the price was  $900 and I ran to the bank even raining, I ran to the bank because I had to deposit the money in my bank account to buy bitcoin. this price drop is something very painful

The market is making some insane moves. Going down by -20% in a 24h period and the next days we see a +10-15%. Any prediction for the short term seems unreliable as the market itself seems don't know where to go. People are calling $3,000 the bottom, and when we will be in they will say $2,000 is the bottom and so on.