Let bitcoin continue to decline and those that still believe in it will continue to acquire more and more. What I can always count on is that Bitcoin's price will eventually increase, regardless of how much it drops.
So what other reason do I have to be concerned about the current price decline than a chance to buy more.
However, all of my Bitcoin investments, are made for the future rather than the present. That has been my driving force to use the bear market as an opportunity to buy additional bitcoin rather than worry too much about it.
Topic: BTC broke bottom of triangle. Deep crash ahead. (Read 603 times)
The market looks hard to go up, if we have big capital strength then now is a good time to buy, i believe in 2 or 3 years the price will reach $100k or more means more than 300% increase, no investment gives 100% profit % in a year and bitcoin opened up the opportunity.
It seems like we can't really make use of it until 2021, and I would rather stay in my comfort zone. I will make sure to have enough funds to invest in BTC than risk all of a bad fall.
Bitcoin investment is a smart choice that will make us rich people, if 10 years ago we missed buying then we have to buy now and hold it for another 10 years, I'm sure 10 years from now the price of 1 btc is equivalent to $ 1 million or more.
People always love to do FUD, it's easy way out. I support bitcoin through tick and thin and I will keep on buying if it is 15k tomorrow or 40k tomorrow and that is how bitcoin grows. If you have an undying support and love for bitcoin and if every price is the same for your support then that's fine, there is nothing to worry about and that should be fine.
I trust that there is nothing to worry about, it is important to focus on the fact that you are going to be able to actually provide something that is decent, otherwise it makes no sense. I will keep on buying because it is bitcoin, and all these triangle stuff to me are bs and not real. Just keep on buying and holding and it will go up, that is my only truth for bitcoin and nothing else.
I trust that there is nothing to worry about, it is important to focus on the fact that you are going to be able to actually provide something that is decent, otherwise it makes no sense. I will keep on buying because it is bitcoin, and all these triangle stuff to me are bs and not real. Just keep on buying and holding and it will go up, that is my only truth for bitcoin and nothing else.
It's not just a matter of avoiding a bitcoin pessimist. The issue is that this user who started the topic, has been participating in this forum since August 2010, that is, he already has 13 years of knowledge about the solidity of BTC and about the fundamentals. The user participated in the active era, in the beginnings of every project. And yet this user has the ability to be bearish on BTC. Unbelievable. I don't know what the point of being so pessimistic would be.
Actually, this pessimistic thing is not worth concluding now with him because apart from that user who has been in this forum for a long time, he has also not been active in this forum for a very long time. The last time he was active in this was on February 25 2018 which was the year that Bitcoin experienced a huge price drop after increasing a lot at the end of 2017, so it's only natural that at that time he was pessimistic even though it didn't exist it means to him. 
It seems like we can't really make use of it until 2021, and I would rather stay in my comfort zone. I will make sure to have enough funds to invest in BTC than risk all of a bad fall.
Bitcoin investment is a smart choice that will make us rich people, if 10 years ago we missed buying then we have to buy now and hold it for another 10 years, I'm sure 10 years from now the price of 1 btc is equivalent to $ 1 million or more.
It seems like we can't really make use of it until 2021, and I would rather stay in my comfort zone. I will make sure to have enough funds to invest in BTC than risk all of a bad fall.
This is what I got from my own analysis, the target for this break out is towards $30800, However we have point of control on before the target at 30360 approximately, Where I do expect sellers to come in to try to push the price down, failure to do so and the price break above that level, the bulls now have to fight hard to sustain the price by turning $30360 into a support, in order to further push the price to a new level which is $35k.
This is why I'm not a fan of symmetrical triangles as continuation patterns, as they are generally quite unreliable patterns. They rarely meet their targets and often create a double top/bottom prior to moving in the opposite direction, as has happened in this case. I only really acknowledge ascending or descending triangles personally, as these have more clear cut increasing/decreasing support with horizontal resistance.
Anyhow, despite the breakdown towards $28K price is right now at the 5 weeks accumulation zone which price has a good chance of finding support from:
Failing to hold this level and returning to $27K will likely see price slide back down towards $25K support imo, especially now moving averages are crossing bearish on short-term time-frames.
Not only by people who know BTC and hold onto BTC for the whole world, so they will be investing more in bitcoin and holding for longer, and I say it will take more time and bitcoin will get back up and down so fast that it will be hard to hold and also the last 100 days is far from the end of crypto.
Reading your entire post history, I can see how wrong you were in your Bitcoin analysis. Even though you've been here since the beginning, it seems like you never really believed in Bitcoin. Too bad it stopped publishing before the high and the price it is today. I would like to know your opinion today if it remains pessimistic like your last analyses.
There is no need to pay attention to someone who still feels pessimistic about Bitcoin, because it can make your concentration of trust disperse in Bitcoin. So from now on try to avoid people who are still pessimistic about Bitcoin and let them determine their own way for everything and even if one day he will like Bitcoin, let it happen based on his own desires and thoughts without having to involve yourself in it. Because this is about someone's belief in something without any coercion from others.It's not just a matter of avoiding a bitcoin pessimist. The issue is that this user who started the topic, has been participating in this forum since August 2010, that is, he already has 13 years of knowledge about the solidity of BTC and about the fundamentals. The user participated in the active era, in the beginnings of every project. And yet this user has the ability to be bearish on BTC. Unbelievable. I don't know what the point of being so pessimistic would be.
This is what I got from my own analysis, the target for this break out is towards $30800, However we have point of control on before the target at 30360 approximately, Where I do expect sellers to come in to try to push the price down, failure to do so and the price break above that level, the bulls now have to fight hard to sustain the price by turning $30360 into a support, in order to further push the price to a new level which is $35k.
When many say that if the price can pass $ 30k it will continue to rise but it turns out that the prediction seems to fail, prices are difficult to go higher due to many factors, and in my opinion the global economic conditions which are still in recession make investors prefer to look for safer investments than cryptocurrencies.
People can say what's on their mind but it does not mean that it's true because we still can't predict the future. Maybe it's true that we are still in a recession because many companies lately are reducing their employees. Even the gambling business which are known to be a booming industry are also affected because many crypto casinos recently are cutting their bonuses by a lot of folds.Investing can be said to be one of the ways to survive a recession and it does not matter if what type of investment it is. Each investment has their own pros and cons so don't say that cryptos are very risky when in fact they are also highly profitable when the right time comes.
When many say that if the price can pass $ 30k it will continue to rise but it turns out that the prediction seems to fail, prices are difficult to go higher due to many factors, and in my opinion the global economic conditions which are still in recession make investors prefer to look for safer investments than cryptocurrencies.
One factor that is quite influential at the moment is the FED's decision to still raise interest rates by 25 basis points at the upcoming May 2-3 FOMC session. Then the Fed will keep interest rates stable for the rest of 2023.
This increase was made to suppress US inflation in order to touch the 2% mark, in accordance with the commitment of the Fed chairman, Jerome Powell.
https://www.forbes.com/advisor/investing/fed-meeting-preview/
Bitcoin finally corrected and also the Bitcoin market also looks saturated after successfully breaking the $30k price.
But this is a good condition for Bitcoin because Bitcoin is slowly transitioning from a bearish market to a bullish market.
The 2023 Bitcoin price increase is a sign for the beginning of the rally towards the next bull market which is likely to occur after the Halving occurs, based on previous cycles.
When many say that if the price can pass $ 30k it will continue to rise but it turns out that the prediction seems to fail, prices are difficult to go higher due to many factors, and in my opinion the global economic conditions which are still in recession make investors prefer to look for safer investments than cryptocurrencies.
Reading your entire post history, I can see how wrong you were in your Bitcoin analysis. Even though you've been here since the beginning, it seems like you never really believed in Bitcoin. Too bad it stopped publishing before the high and the price it is today. I would like to know your opinion today if it remains pessimistic like your last analyses.
There is no need to pay attention to someone who still feels pessimistic about Bitcoin, because it can make your concentration of trust disperse in Bitcoin. So from now on try to avoid people who are still pessimistic about Bitcoin and let them determine their own way for everything and even if one day he will like Bitcoin, let it happen based on his own desires and thoughts without having to involve yourself in it. Because this is about someone's belief in something without any coercion from others. 
Yesterday we closed well under the 100 day average.
Today we move even further away from it while breaking through the bottom of the triangle.
We've broken major support and nothing is stopping a deep fall.
Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.
Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol
Down we go guys, you've been warned.
Today we move even further away from it while breaking through the bottom of the triangle.
We've broken major support and nothing is stopping a deep fall.
Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.
Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol
Down we go guys, you've been warned.
Reading your entire post history, I can see how wrong you were in your Bitcoin analysis. Even though you've been here since the beginning, it seems like you never really believed in Bitcoin. Too bad it stopped publishing before the high and the price it is today. I would like to know your opinion today if it remains pessimistic like your last analyses.
Lol, this guys is historically perma-bear. Not sure if he is still active though, but during his time here and you can read his post history, that he always downplay bitcoin every time and he has become Legendary in this community for being like that.
Anyway, since know that you are aware of it, there could be other members are well similar to him right now and I will say that you just have to ignore them whenever you can.
Yesterday we closed well under the 100 day average.
Today we move even further away from it while breaking through the bottom of the triangle.
We've broken major support and nothing is stopping a deep fall.
Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.
Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol
Down we go guys, you've been warned.
Today we move even further away from it while breaking through the bottom of the triangle.
We've broken major support and nothing is stopping a deep fall.
Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.
Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol
Down we go guys, you've been warned.
Reading your entire post history, I can see how wrong you were in your Bitcoin analysis. Even though you've been here since the beginning, it seems like you never really believed in Bitcoin. Too bad it stopped publishing before the high and the price it is today. I would like to know your opinion today if it remains pessimistic like your last analyses.
I don't think that this pattern is valid. price is above the bottom and this will lead us to hit over 10000$ in few weeks.
I think rise is going to be very slow due volume is not high. but i don't think that its going more down from here
I think rise is going to be very slow due volume is not high. but i don't think that its going more down from here
My post was intended as a joke anyway
. It was only making fun of kwukduck's everlasting bearish stance throughout all the bull market. Disclaimer: I have no prejudice against kwukduck even though he seems to have one against bitcoin for some reason. Also, it's true that he's left us without any news since he disappeared into thin air after that post.
Don't take what I said too seriously and don't try to find any future prediction in there because there is none.
EDIT : Oh, sorry, I've just realized you weren't replying to me, but instead were replying to the first post (or maybe even just the thread's title because it's too hard to read further than that?). Well sorry but the first post is about an old triangle, ans I very discourteously decided to bump it today on a whim
. No point in replying to it now: said triangle has already proven valid. (And also, there have been two full pages of posts in between the title of the first post and my own 
). 
I don't think that this pattern is valid. price is above the bottom and this will lead us to hit over 10000$ in few weeks.
I think rise is going to be very slow due volume is not high. but i don't think that its going more down from here
I think rise is going to be very slow due volume is not high. but i don't think that its going more down from here
Yesterday we closed well under the 100 day average.
Today we move even further away from it while breaking through the bottom of the triangle.
We've broken major support and nothing is stopping a deep fall.
Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.
Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol
Down we go guys, you've been warned.
And so did everyone's favourite bull-market-top-calling duckbear disappear off the face of the board. One minute of silence please. Legend has it that he imploded after being right for the first time in his life.Today we move even further away from it while breaking through the bottom of the triangle.
We've broken major support and nothing is stopping a deep fall.
Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.
Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol
Down we go guys, you've been warned.
and altcoins remain stable or even raise significantly.
Well... half right...Quote
Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol
Less than half right, alright. Still, a little right anyway, and enough to implode, it would seem.To be continued...
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