Topic: Devastating signal: bear market, 6.4k support, 12.4 resistance - page 3. (Read 650 times)
November 18, 2019, 06:42:38 AM
So you sold all your Bitcoins then?
November 18, 2019, 04:57:10 AM
Do you know why I like the first paragraph of OP? It is because I am expecting bullish trend anytime soon because the moment that we have lots of bearish prediction in the market that is when bitcoin make the opposite direction move.
When the value of bitcoin was around $7k and many people predicted that it could fall to $6k, we were just preparing for this when bitcoin suddenly made a very big surge for $9k + and I think that it is about repeating itself again as there has been too many fud prediction for some day now that looks similar to your first paragraph, but as for me, I think that I will be holding on to the second paragraph which I think that is where bitcoin will be heading towards from now on and make a stop at that by the end of the year.
Quote my message in 1 month sista, we will get below 7k for sure. Doesn't mean I am not optimistic for 2020/2021. When the value of bitcoin was around $7k and many people predicted that it could fall to $6k, we were just preparing for this when bitcoin suddenly made a very big surge for $9k + and I think that it is about repeating itself again as there has been too many fud prediction for some day now that looks similar to your first paragraph, but as for me, I think that I will be holding on to the second paragraph which I think that is where bitcoin will be heading towards from now on and make a stop at that by the end of the year.
7k in December, bounce back to 9.5k in February 2020, we just need to remain above 6.4k, that's all.
Why I would buy more above 12.4? Simply because this resistance is very strong and if we pass this, the sky is the limit.
One of the rare situations where I would sell low (below 6.4) and buy high (13k)
November 17, 2019, 11:21:27 AM
After a death cross we officially entered another bear market.
There is still hope, if it is a fakeout (happened once) but most likely we are in bear market, and the price to monitor is 6.4k. If we hold that price we are good, if we go below 6.4k it will be a disaster, with probably a price going below 3k in 2020 or 2021.
However, if one day we go above 12.4k it will be an incredible signal to buy, overtaking 12.4k would mean reaching 20k again (and above).
Let's see how it plays out.
There is still hope, if it is a fakeout (happened once) but most likely we are in bear market, and the price to monitor is 6.4k. If we hold that price we are good, if we go below 6.4k it will be a disaster, with probably a price going below 3k in 2020 or 2021.
However, if one day we go above 12.4k it will be an incredible signal to buy, overtaking 12.4k would mean reaching 20k again (and above).
Let's see how it plays out.
If you look at past cycle in 2015. There was golden cross, death cross and golden cross and then bull market really started. And when you talk about golden and death cross you need to explain what day average crossed. People use different daily averages. So it might be death cross for you but not for them.
November 17, 2019, 09:44:08 AM
Do you know why I like the first paragraph of OP? It is because I am expecting bullish trend anytime soon because the moment that we have lots of bearish prediction in the market that is when bitcoin make the opposite direction move.
When the value of bitcoin was around $7k and many people predicted that it could fall to $6k, we were just preparing for this when bitcoin suddenly made a very big surge for $9k + and I think that it is about repeating itself again as there has been too many fud prediction for some day now that looks similar to your first paragraph, but as for me, I think that I will be holding on to the second paragraph which I think that is where bitcoin will be heading towards from now on and make a stop at that by the end of the year.
When the value of bitcoin was around $7k and many people predicted that it could fall to $6k, we were just preparing for this when bitcoin suddenly made a very big surge for $9k + and I think that it is about repeating itself again as there has been too many fud prediction for some day now that looks similar to your first paragraph, but as for me, I think that I will be holding on to the second paragraph which I think that is where bitcoin will be heading towards from now on and make a stop at that by the end of the year.
November 14, 2019, 03:25:44 PM
After a death cross we officially entered another bear market.
There is still hope, if it is a fakeout (happened once) but most likely we are in bear market, and the price to monitor is 6.4k. If we hold that price we are good, if we go below 6.4k it will be a disaster, with probably a price going below 3k in 2020 or 2021.
There is still hope, if it is a fakeout (happened once) but most likely we are in bear market, and the price to monitor is 6.4k. If we hold that price we are good, if we go below 6.4k it will be a disaster, with probably a price going below 3k in 2020 or 2021.
Definitely an important level. $6,300 was the sweet spot I was aiming at for quite a while. There are numerous reasons to stop at the low $6,000s: the 0.705 Fibonacci level of this year's uptrend, the apex of the 2018 triangle, a major volume gap, etc.
However, if one day we go above 12.4k it will be an incredible signal to buy, overtaking 12.4k would mean reaching 20k again (and above).
I think we could spike to that level and still stay stuck in a range for months. Breaching the yearly high will be confirmation.
November 14, 2019, 08:02:35 AM
After a death cross we officially entered another bear market.
There is still hope, if it is a fakeout (happened once) but most likely we are in bear market, and the price to monitor is 6.4k. If we hold that price we are good, if we go below 6.4k it will be a disaster, with probably a price going below 3k in 2020 or 2021.
However, if one day we go above 12.4k it will be an incredible signal to buy, overtaking 12.4k would mean reaching 20k again (and above).
Let's see how it plays out.
There is still hope, if it is a fakeout (happened once) but most likely we are in bear market, and the price to monitor is 6.4k. If we hold that price we are good, if we go below 6.4k it will be a disaster, with probably a price going below 3k in 2020 or 2021.
However, if one day we go above 12.4k it will be an incredible signal to buy, overtaking 12.4k would mean reaching 20k again (and above).
Let's see how it plays out.
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