Bulls are no longer fresh and will run out of gas

buwaytress

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Quote from: Bossian on June 05, 2020, 12:46:49 AM

It's one thing to take a set out of Rafael Nadal on clay, but as the match goes the distance, you know you are screwed unless maybe you are Novak Djokovic (the 2009 loss to Robin Soderling doesn't count due to injury and parents divorcing).

Connor McGregor thought he was fooling anyone when firing all cylinders during 5 rounds but Floyd Mayweather winning was never in doubt.

A triple top (October 2019, February 2020, June 2020) isn't good for the bulls. Now maybe there is a slight chance we see 12k as there is a CME gap at 11.9k but once this is done, no reason to be bullish. We know 10.5k resistance is strong, breaking above and yet returning back to 6k would be a big troll job and it wouldn't surprise me at all. No one is expecting it.

Time will play in favor of the bears.

Rafael Nadal in 4 sets (max). As usual Kiss

Lols about Djoko's loss in 2009, I didn't know the background of the mama papa divorce!

But while I'm a huge fan of Rafa's buccaneering (as I was during Liverpool's rampant run to the top of the league prior to Gerrard's slip), I think we can always admit we'd rather settle for a slightly more boring Fedex cruise (or Liverpool's controlled finish to this season without blowing away scoring records).

So yeah, in full agreement here. But plenty of people are expecting the 6k and lower trolling (I definitely am). That almost helps the 10200 levels get stronger with every breach.

BVB's swagger-punch for now, but Bayern to lift the trophy when all's said and done :*

exstasie

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Quote from: fabiorem on June 07, 2020, 02:00:55 AM

Moon launch means $20k will be reached by January or February.
This will not happen if bitcoin fall again back to 5-6k.

It needs to go up and breaks $12k in the next two months, then consolidate the 12-20k range in the second half of the year.
Else the bear market will be permanent.

Where do you come up with these rules? What difference does 2 months make? The market has already been sideways for 2 years.

Quote from: fabiorem on June 07, 2020, 02:00:55 AM

Mike Novogratz said he will be capitulating by the end of the year if bitcoin wont go up. I dont think he is alone in it. A massive capitulation of institutional funds can bring the price to three digits easily.

That's hilarious, thanks for pointing it out. I was unaware Novogratz said that but apparently it's true. I for one would love to see him capitulate. Sideways through the end of the year, then leave him behind in 2021? Let's do it. Tongue

fabiorem

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Quote from: fabiorem on June 07, 2020, 02:00:55 AM

Moon launch means $20k will be reached by January or February.
This will not happen if bitcoin fall again back to 5-6k.

It needs to go up and breaks $12k in the next two months, then consolidate the 12-20k range in the second half of the year.
Else the bear market will be permanent.

Mike Novogratz said he will be capitulating by the end of the year if bitcoin wont go up. I dont think he is alone in it. A massive capitulation of institutional funds can bring the price to three digits easily.

I am not sure if the price can break $12k in the next two months, but it could be possible as we know that the price can go anywhere. We need to break $10k first, and then $11k, so then the price will have a chance to increase more and then it will break $12k. But $20k will be difficult to reach in a short time, and maybe that price will come in the last Q4. But if the bitcoin fall again to $5k-$6k, then we will need longer to break the $10k because the price will hard to increase high.

If memory serves, in December 2017 the price increased by $2k in just two days.
I only wish we could have a more organic, gradual rising, not these sudden rises which can prompt crashes.
Especially when the exchanges allow trade bots.

fabiorem

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Moon launch means $20k will be reached by January or February.
This will not happen if bitcoin fall again back to 5-6k.

It needs to go up and breaks $12k in the next two months, then consolidate the 12-20k range in the second half of the year.
Else the bear market will be permanent.

Mike Novogratz said he will be capitulating by the end of the year if bitcoin wont go up. I dont think he is alone in it. A massive capitulation of institutional funds can bring the price to three digits easily.

exstasie

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Quote from: DeathAngel on June 06, 2020, 07:56:49 AM

Bulls are quietly & slowly accumulating ahead of a likely moon launch in 2021. The effects of the halving haven’t been noticed yet. Always keep your mind open to all possibilities, don’t become a permabear & refuse to see the chance of a massive pump because you’ll majorly regret it.

If the moon launch is coming in 2021, what's going to happen in the next 6 months? I assume we won't be trading in the $9,000s for half a year.

My speculation for quite a while now has been that remaining in the 2018-2020 range implies a drop from here, maybe to the $6,000s or so:

If on the other hand $10.5K is broken in the near future, that will break the bearish structure since June 2019 (first higher highs in a year). I could see a bull run developing very quickly (maybe this summer) in that case.

SquallLeonhart

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How much gas does the bulls have will never be known because there is nothing that can stop the bulls and potential of bulls having a lot of money to get into bitcoin is unlimited basically.

What I mean is there is a certain amount of bitcoin in the world right now right? If you remove all the owned by people who keep it and not coming back (like Satoshi Nakomoto for example, has a huge amount but never will use it) and if you remove all the lost ones that can't be reached, we are talking about probably about 15 million bitcoins.

The maximum amount of bitcoin you can sell to drop the price is 15 million, now let's be honest obviously 15 million bitcoins will not be sold all at once, but that is the max cap there. Buyers do not have that, there are 100+ trillion dollars in the whole world, all of it could be spent, then governments could print another 100 trillion and can use that too. There is no cap on that.

LFC_Bitcoin

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Bossian, get that 0.05BTC ready, it’s got my name written on it.

whyrqa

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Quote from: DeathAngel on June 06, 2020, 07:56:49 AM

Bulls are quietly & slowly accumulating ahead of a likely moon launch in 2021. The effects of the halving haven’t been noticed yet. Always keep your mind open to all possibilities, don’t become a permabear & refuse to see the chance of a massive pump because you’ll majorly regret it.

Keep buying!

I believe that one should not expect a very quick effect from the halving that happened in May of this year. If you analyze the historical performance of previous halving, you should expect almost at least one year after the event before the price of Bitcoin shows its best results.

DeathAngel

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Bulls are quietly & slowly accumulating ahead of a likely moon launch in 2021. The effects of the halving haven’t been noticed yet. Always keep your mind open to all possibilities, don’t become a permabear & refuse to see the chance of a massive pump because you’ll majorly regret it.

Keep buying!

exstasie

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Quote from: Bossian on June 05, 2020, 12:46:49 AM

A triple top (October 2019, February 2020, June 2020) isn't good for the bulls.

Double tops (or triple tops) are topping patterns that appear at the end of uptrends. $10.5K is resistance in a long term downtrend. Big difference. The lower lows in between those peaks rule out any sort of topping structure like that.

Triple tops are unicorns anyway. I've never seen them work before. Usually it's just a temporary consolidation before a prior double top is broken to the upside. Wink

justdimin

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Okay what the hell did I read? Nadal? Mcgregor and Mayweather? What's going on here? I can see the chart and I can see the prediction, which interestingly I do agree with as well it looks like we are a bit tired on the bullish side but the bears are not attacking so it doesn't mean we will go down, it just means it may take some time before we can go up, but how does it tie to Nadal and Mcgregor at all?

About the troll job, going above $12k and coming back down to $6k wouldn't really be a shock, I am not expecting anything like that very quickly, it is going to take a long time before that happens, but I am 100% sure that even if it happens it will be like price going above $12k first during August or September, and going down to $7-8k range during December January, and going to $6k levels by march next year, so we still have a long time to get ready for it.

smyslov

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Quote from: suchmoon on June 05, 2020, 11:21:03 AM

Why do we need multiple threads about this? I get it, Bitcoin is going down. The problem with bear trolls is that when they're proven wrong they're nowhere to be found robbing the bulls of the opportunity to ridicule them.

Not really the best time to post something like this, I thought this kind of thread is over after we get back after the massive dump after the news of the pandemic, when we've reach the $1500 people will still posting this kind of stuff I'm ok with it because the market always prove them wrong.

bitbunnny

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Quote from: NeuroticFish on June 05, 2020, 05:45:28 AM

Week-end comes and strange things happen sometimes during week-ends. Will this mean a drop? Maybe (not convinced, but anything can really happen). But sub-6k, I highly doubt it.
However, you are calling for sub-6k drops too often and this will make you lose credibility. And it won't even matter if such a drop will happen or not. Read about the user kwukduck and his predictions Wink

Yes, weekends sometimes bring strange activities in the market. Currently it seems that weekend might bring us slight price rise. However, this will probably not last and another corrections might happen.
No matter to.that I don't believe that the price will go.all the way to 6000$ or under, this is not likely scenario. As far as such predictions are concerned, as long as they are not backed up with something solid I put that into pure guessings.

suchmoon

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Why do we need multiple threads about this? I get it, Bitcoin is going down. The problem with bear trolls is that when they're proven wrong they're nowhere to be found robbing the bulls of the opportunity to ridicule them.

gentlemand

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You'd come over as much more manly if you gave up the self moderation. That's the move of an insecure pencil neck who quivers when the real deal wanders into view and whacks his johnson down on the Xmas dinner table.

Bossian

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Quote from: Jating on June 05, 2020, 07:58:59 AM

Quote from: NeuroticFish on June 05, 2020, 05:45:28 AM

Week-end comes and strange things happen sometimes during week-ends. Will this mean a drop? Maybe (not convinced, but anything can really happen). But sub-6k, I highly doubt it.
However, you are calling for sub-6k drops too often and this will make you lose credibility. And it won't even matter if such a drop will happen or not. Read about the user kwukduck and his predictions Wink

Usually we have some liquidation as during weekends. But it doesn't mean that bulls are resting, they can still push the price if they wanted to. How many times did we say that the market is going to be bearish, but after 24 hours, the bulls remain on top of the game?

Almost all perma-bears have lost their credibility here, even those so called 'expert's. $6k? I'm not really sure if we can go that low again, unless there are some FUD.

Triple top around $10,500, this is absolutely bearish.

More info: https://www.investopedia.com/terms/t/tripletop.asp

Jating

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Quote from: NeuroticFish on June 05, 2020, 05:45:28 AM

Week-end comes and strange things happen sometimes during week-ends. Will this mean a drop? Maybe (not convinced, but anything can really happen). But sub-6k, I highly doubt it.
However, you are calling for sub-6k drops too often and this will make you lose credibility. And it won't even matter if such a drop will happen or not. Read about the user kwukduck and his predictions Wink

Usually we have some liquidation as during weekends. But it doesn't mean that bulls are resting, they can still push the price if they wanted to. How many times did we say that the market is going to be bearish, but after 24 hours, the bulls remain on top of the game?

Almost all perma-bears have lost their credibility here, even those so called 'expert's. $6k? I'm not really sure if we can go that low again, unless there are some FUD.

NeuroticFish

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Week-end comes and strange things happen sometimes during week-ends. Will this mean a drop? Maybe (not convinced, but anything can really happen). But sub-6k, I highly doubt it.
However, you are calling for sub-6k drops too often and this will make you lose credibility. And it won't even matter if such a drop will happen or not. Read about the user kwukduck and his predictions Wink

jackg

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I don't have reason to be bullish or bearish at this stage. A lot of purple are calling for a drop, a few bulla are still out there but I have no idea what might come - I'm leaning downwards but im not fully initiated landing sequence yet 🤣.

I think the 3 tops was already a massive troll anyway so what's to say it can't happen again... I've always wondered whatll happen if we fall below 1k a coin too... Since we flashed down to 3.8k last time the prospects of going even further with even more dispair could be on thee cards. But we could also stay around here for quite some time and then push in either direction.

Bossian

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It's one thing to take a set out of Rafael Nadal on clay, but as the match goes the distance, you know you are screwed unless maybe you are Novak Djokovic (the 2009 loss to Robin Soderling doesn't count due to injury and parents divorcing).

Connor McGregor thought he was fooling anyone when firing all cylinders during 5 rounds but Floyd Mayweather winning was never in doubt.

A triple top (October 2019, February 2020, June 2020) isn't good for the bulls. Now maybe there is a slight chance we see 12k as there is a CME gap at 11.9k but once this is done, no reason to be bullish. We know 10.5k resistance is strong, breaking above and yet returning back to 6k would be a big troll job and it wouldn't surprise me at all. No one is expecting it.

Time will play in favor of the bears.

Rafael Nadal in 4 sets (max). As usual Kiss

Topic: Bulls are no longer fresh and will run out of gas (Read 692 times)