Topic: btc's possible next moves - page 4. (Read 832 times)

not random actually, im trying to find possible scenerios on weekly graphics.i told that before, i may be wrong, im not a market maker but all i know is even whales moves are following the trendi mean they dont make moves ramdom, so im trying to catch that points.and i dont sell bitcoin, i didnt sell even the prediction i did before.

I keep on seeing people talk about support at $2,800. I'm not saying that this is impossible but let's move on on higher level and expect more to the market. I'm sure that the market has bottomed out and it's no longer going to bottom anymore, this is my opinion guys.

I know that possibilities are there but I don't want to look at that very low moment. We've been on drought season for a year now and it keeps on going. And now that the market shows positivity, people who have missed buying at the lows keeps on giving that negative thought.

Such a scenario is of course likely, but now I would still not risk selling my bitcoins, even if the price subsequently drops to the level of 3500, compared to the risks that I will have if a sudden increase starts - this is not such a big problem for me. I'd rather wait some more.

We hope so too that btc will give a good price this coming months and all suffer is will end. But I think this time the price is good now in 4k and hopefully it will not drop again. Let just observe the volatile market so we are ready to whatever will be happen.

I am assuming you just made some random guess and you got lucky to predict almost nearby values. Come on, anyone can do that. Post some facts with your predictions. Justify your assumption. We have seen even well known people making predictions but most of  them failed as they were just predicting based on nothing (or the market is actually quite unpredictable).
And if you are so confident about your predictions, you might be really rich by now since you know when to invest and when to exit.

I am requoting my last post because it looks like we might be aproaching an important $4K bitcoin breakout. A few days back I mentioned that BTC was lagging by LTC and ETH moves. It was starting to look toppy until last night.

Basically there was a huge dump on both LTCUSD and ETHUSD and support actually held, this is very bullish. So I am thinking that LTC and ETH will start to lead the rally first and then we should see BTC clear the $4K major resistance.

I am looking at $141 and $160 breaking with conviction on ETH and the $62 (Binance chart) breaking on the LTC chart.

Bitmex interest is at record highs... usually it means that there will be a crazy fast move... just don't know direction.
Also 6% of Bitfinex shorts have closed in the last 24 hours.... probably assumed that the bottom is in.

It is a very possible scenario, in fact, it can happen, but apart from the prediction, at this moment it is better to wait to see how the market reacts, it can generate a zone of liquidity, however, the bearish scenario of 2800 usd I do not have it contemplated.

At some point in my analysis reach that number, although I do not think it can go below 2800usd if the movement is given, because there are many operations that will decrease and its volume would go in decandence. And they would practically kill many illusions of people who are entering the market, they would be eliminating their castles in the air, which as Malkiel Burton speaks, auto of "A random walk by Wall Streeth"

The most optimistic approach to the next move we could have is going up a lot but we should stop focusing on radical moves and start focusing on how small changes could make big affects on bitcoin price. For example the biggest case is the 4200 price, we have hit 4200 prices many many times but I do not remember going above 4300 too many times and certainly not 4500, so maybe instead of asking the question "when will we hit 20k again ?", we should start asking "when will we be 4500 again" because we can't really skyrocket to bull run right away, we have to first make sure we are breaking the resistance and going up one by one, if we move above that level than we can go uncontested all the way up to next resistance and next time we fall back it won't be the last support, it will be the thing we call resistance now, so instead of 4200-3800 range, we could have 5100-4600 range which is what we should aim at.

Lol. You think that at that price range, there will be massive panic selling? I don't think so. We've been through quite a lot starting last year and a drop from here to the sub 3k levels, i think won't hold that much gravity. Especially when majority of those that are still here can hold for long term.

people who say bitcoin price won't go lower because of miners have no understanding of how bitcoin or its market work. they are making up excuses for the guesses they have made.
price could not fall below $6k simply because of the very strong buy support at that level which would have resisted if the BCH attack didn't happen against bitcoin.

Panicking won't help you at all instead of thinking like that, find a way that is positive to encourage you to trade not only on btc but on altcoins too. The problem is you focus too much on BTC because it harbours a good amount money and can gain you lots of money effortlessly. That kind of thinking won't do you any good, as the wise man says don't focus on a single one if you have many of choices. Possibly the bitcoin's price for this year might be higher than last year and not enough to recover what it has lost in it's prime.

ofcourse i can be wrong.i said that because that time people were saying the same: its not possible under 6k because of miners.no its not.for a while, mining is under control by companies so if thwy want price under 3k, they can.and its not a big deal for them.we cant know whats their plan.

It might not necessary create hard crash because people that will panic sell are the baby investors, and as they chicken out of the market, a lot of people are out there actually waiting for price fall in other to take advantage of it and buy more.

Using myself as an example, I still bought some BTC at the current price which I am still holding in my wallet and at the same time hoping for the price to crash so I can buy more to secure future. There will be lots of people who will prevent it from hard crash by accumulating more BTC at that 2800 price.

Just because you managed to "predict" the price correctly before doesn't mean you will predict it correctly again. Let's take this into two parts of why you "could" be wrong, of course you could be right that is not disputed, when you predict something like "bitcoin will go up" or "bitcoin will go down" you have 50% show of being right but since you talked about why you could be correct and flexed your previous correct guess lets tackle why you could be wrong.

First part is why you were right the last time, you have made a prediction of bitcoin going down like it was a chart thing about resistance and support yet the only reason why bitcoin dropped that fast was Craig Wright selling thousands of bitcoins all at the same time, it wasn't REMOTELY about resistance or support, "why" you think bitcoin will go down was 100% wrong, you just got lucky because Craig sold a bunch of coins at the right time for your prediction.

Moreover, why bitcoin wouldn't go under 3000 is the breaking point at around 3100, there are way too many miners who are not willing to sell anything under 3000 because that would cost them money to mine and that is not how it works, so they will keep it above that level as hard as they can and as long as there is no more Craig wright to sell thousands of coins again miners will keep it above those levels.

It certainly think that it's possible that in the short term, the dominant bearish sentiment could push prices lower than the price floor that we had previously seen. And that could potentially mean a dip below $3k, as you suggest.

Though, it's not looking very likely to happen right now. The $4k resistance seems to be potentially broken at this point (the market's still moving sideways so it's difficult to tell), and if it is, then expect this momentum to push prices closer to the $5k region.

The question is how big the correction will be by the time this rally finishes up. I simply don't think that it's possible for bitcoin to go under $3k for an extended period of time, in the worst case scenario, because of how much institutional demand is present within the market for coins at that level.

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Now that you posted this thread, people will start buying and holding btc until 11k is hit and then a massive dump will again follow. But as I was reading this, I don't believe it because this is unpredictable at all for the price of btc. The only people who can move btc are whales from my view.
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if anyone buy/sell bitcoin by thought of anyone, they are better dont play this game.
and about whales, their all moves are planning long before.they dont say, lets pump xxx today.

The price of bitcoin just kissing $4000 on many exchanges for the last two days but still didn't manage to break that point so if the prices again reached $4000 or above it will give mentally a boost to the investors that we are going to the next level.But I am not expecting now until the next havlening where we could experience the real price growth just we are just at the first step for the bull run to begin.

We are too positive for that but not in a way that we expected to much in a short period of time. There is actually a right moment for the market will recover and showing its potentiality. Indeed, we are nearly to pass over $4k  but we can't be to much confident that it will continue for flew, it is better to prepared anytime.

We are all expecting bear market was ended in current scenario. But future market will never known so anytime it will going to dump or pump. I hope bull run will start soon because majority of the peoples are said bear market was ended so we are all waiting for next jump.

Possibly bitcoin will go forward reaching $4200 at the earliest, this time as the value stands above $4000 for a longer time period we might experience $4500-$5000 before the end of the month. If the growth continue as the present, we can expect at least $6000 by the end of second quarter 2019.