Devastating signal: bear market, 6.4k support, 12.4 resistance

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: Bossian on November 24, 2019, 10:22:45 AM

I actually bought at 6870 USD so the price did went below 7k but for a very short time.

Anyway I think it gets close to 6.5k soon, but after that there should be a nice bounce back towards 9k (see fractal published by NebraskaGooner on Twitter).

It's just touched $6,500 few hours ago , daymn ... I need to prepare more cash on this.

Will follow the drop price until even fall further to $3,500 just like what I did back in March this year Grin

. Up for 250% and for now a slight negative 30 to 40 percent, still in the safe line.
Now loading my bag with some coins ..

Quote from: Lucius on November 24, 2019, 10:37:37 AM

Quote from: EdenHazard on November 24, 2019, 08:05:33 AM

Wake me up if my support at $7,000 has been broken Grin

.

Well, that actually happened, the very same day I wrote my last post here, you seem to have slept through, which is actually good for you Wink

I should remain awake when that does happens Grin

.

Wexlike

legendary

Activity: 1473

Merit: 1086

Quote from: Lanatsa on November 24, 2019, 11:25:42 AM

Quote from: Clement Kaliyar on November 24, 2019, 11:20:22 AM

Quote from: Yaunfitda on November 20, 2019, 08:31:59 PM

At least the OP has open our eyes that $6k-$7k is now in the radar and I do hope that with this warning, traders specially newbies will learn and adjust their strategy. To be fair, there are a lot of TA's floating around months ago that we are in the entering a bearish trend, but that artificial pump (because of China news) put that on hold, but now we are back and this is the reality, no more artificial pump.

Now the support of 6,4K support seems real as the market is floating around 7k and it is not looking great as the market can go down further from this stage and for the market to break a couple of support level is alarming in a normal market but i am just guessing how the market will end this year.

6900+ at the moment and reaching out that support wont really be that far.Seems like there would be more pressure to put the price down on going for the preparation of
halving event.We don't know if this is part of the plan with big players but who knows? Price manipulation is inevitable.They are just making the movement go too slow just
for the public wont notice such motive. (just my speculations though). Grin

I would be surprised if we make new lows at the end of a year after the devestating end of 2018. Sub 7000$ levels make me a little shaky tho. At least that region is a nice base level for the next bull run at some point up until 2021.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: Clement Kaliyar on November 24, 2019, 11:20:22 AM

Quote from: Yaunfitda on November 20, 2019, 08:31:59 PM

At least the OP has open our eyes that $6k-$7k is now in the radar and I do hope that with this warning, traders specially newbies will learn and adjust their strategy. To be fair, there are a lot of TA's floating around months ago that we are in the entering a bearish trend, but that artificial pump (because of China news) put that on hold, but now we are back and this is the reality, no more artificial pump.

Now the support of 6,4K support seems real as the market is floating around 7k and it is not looking great as the market can go down further from this stage and for the market to break a couple of support level is alarming in a normal market but i am just guessing how the market will end this year.

6900+ at the moment and reaching out that support wont really be that far.Seems like there would be more pressure to put the price down on going for the preparation of
halving event.We don't know if this is part of the plan with big players but who knows? Price manipulation is inevitable.They are just making the movement go too slow just
for the public wont notice such motive. (just my speculations though). Grin

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: Yaunfitda on November 20, 2019, 08:31:59 PM

At least the OP has open our eyes that $6k-$7k is now in the radar and I do hope that with this warning, traders specially newbies will learn and adjust their strategy. To be fair, there are a lot of TA's floating around months ago that we are in the entering a bearish trend, but that artificial pump (because of China news) put that on hold, but now we are back and this is the reality, no more artificial pump.

Now the support of 6,4K support seems real as the market is floating around 7k and it is not looking great as the market can go down further from this stage and for the market to break a couple of support level is alarming in a normal market but i am just guessing how the market will end this year.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: EdenHazard on November 24, 2019, 08:05:33 AM

Wake me up if my support at $7,000 has been broken Grin

.

Well, that actually happened, the very same day I wrote my last post here, you seem to have slept through, which is actually good for you Wink

Quote from: Bossian on November 24, 2019, 10:22:45 AM

Anyway I think it gets close to 6.5k soon, but after that there should be a nice bounce back towards 9k (see fractal published by NebraskaGooner on Twitter).

It seems that way, we see a few attempts for $7500, but it always bounces back close to $7000 which indicates that another drop will (can) occur. I'm not an expert on TA, although I think some things can be learned from that, which is also evident in some of the speculation here on the forum.

I would like to see $10k before the end of this year, simply for some psychological reasons and to break FUD about "price is going to $3000 again".

Bossian

member

Activity: 450

Merit: 59

Quote from: EdenHazard on November 24, 2019, 08:05:33 AM

Quote from: Lucius on November 22, 2019, 06:33:16 AM

Quote from: EdenHazard on November 22, 2019, 12:21:55 AM

I would mad if by the end of this month my support break below $7,000 , jeez.

Only those who have no idea how Bitcoin has behaved in the past can think the way you and the vast majority think. Halving will happen in May 2020, and it is very likely that it will have almost no effect on the price increase, as was the case in the past. Most small investors invest in the short term and are not ready to wait even half a year to profit. They are in a panic sale now, even at a loss - but a lot of small ones have to lose, in order for a small number of big players to get rich. This is the only game that is played incessantly.

Before the end of the month? Your support may be broken even today...

Wake me up if my support at $7,000 has been broken Grin

.

Luckily it stays above $7,000 in the last two days i guess ... still believe this is the very thin support line that will last for at least a couple weeks from now , I expect this.
Or else if the scenario of bear run continue and even more aggressive to go down I'll be glad to load my bag with more bitcoin!
It's always been a win win situation for me all this time. No Matter where it moves ... I win! I lose nothing!

I actually bought at 6870 USD so the price did went below 7k but for a very short time.

Anyway I think it gets close to 6.5k soon, but after that there should be a nice bounce back towards 9k (see fractal published by NebraskaGooner on Twitter).

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: Lucius on November 22, 2019, 06:33:16 AM

Quote from: EdenHazard on November 22, 2019, 12:21:55 AM

I would mad if by the end of this month my support break below $7,000 , jeez.

Only those who have no idea how Bitcoin has behaved in the past can think the way you and the vast majority think. Halving will happen in May 2020, and it is very likely that it will have almost no effect on the price increase, as was the case in the past. Most small investors invest in the short term and are not ready to wait even half a year to profit. They are in a panic sale now, even at a loss - but a lot of small ones have to lose, in order for a small number of big players to get rich. This is the only game that is played incessantly.

Before the end of the month? Your support may be broken even today...

Wake me up if my support at $7,000 has been broken Grin

.

Luckily it stays above $7,000 in the last two days i guess ... still believe this is the very thin support line that will last for at least a couple weeks from now , I expect this.
Or else if the scenario of bear run continue and even more aggressive to go down I'll be glad to load my bag with more bitcoin!
It's always been a win win situation for me all this time. No Matter where it moves ... I win! I lose nothing!

Bossian

member

Activity: 450

Merit: 59

Quote from: Bossian on November 18, 2019, 11:16:13 PM

With a sudden move down to 8.1k area, would not be surprised to see a fake recovery towards 8.5k-ish.

But the trend is still clear towards the 7k area.

I would advise to still sell at 8.2k and buy back below 7.5k.

Just 3 days ago... hope you followed my recommendation Tongue

not it's not over yet, I just placed an order at 6900 USD waiting for my order to be executed, and most importantly we will need a bounce back but I think we bounce back to 9k (not this year though).

Bossian

member

Activity: 450

Merit: 59

Quote from: Lucius on November 22, 2019, 06:33:16 AM

Quote from: EdenHazard on November 22, 2019, 12:21:55 AM

I would mad if by the end of this month my support break below $7,000 , jeez.

Only those who have no idea how Bitcoin has behaved in the past can think the way you and the vast majority think. Halving will happen in May 2020, and it is very likely that it will have almost no effect on the price increase, as was the case in the past. Most small investors invest in the short term and are not ready to wait even half a year to profit. They are in a panic sale now, even at a loss - but a lot of small ones have to lose, in order for a small number of big players to get rich. This is the only game that is played incessantly.

Before the end of the month? Your support may be broken even today...

The real support is not at 7k but around 6.4k (see post #1 in this thread). I think it probably holds this support of 6.4k.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: EdenHazard on November 22, 2019, 12:21:55 AM

I would mad if by the end of this month my support break below $7,000 , jeez.

Only those who have no idea how Bitcoin has behaved in the past can think the way you and the vast majority think. Halving will happen in May 2020, and it is very likely that it will have almost no effect on the price increase, as was the case in the past. Most small investors invest in the short term and are not ready to wait even half a year to profit. They are in a panic sale now, even at a loss - but a lot of small ones have to lose, in order for a small number of big players to get rich. This is the only game that is played incessantly.

Before the end of the month? Your support may be broken even today...

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: Lucius on November 21, 2019, 10:38:14 AM

Quote from: EdenHazard on November 21, 2019, 09:11:50 AM

The fact that everyone expecting a warming up .. counting down the halving day ahead , the price should move up step by step gradually but here we are stuck at $8,000 even could get lower due the trends shows we are in bad vibes to go down further.

Whoever expects "warming up" these days is lives in total delusion, how time before halving should be considered as a time for something big? Are you aware that the accumulation is still ongoing, and that the big players' intention is that the price goes down, not up? What you and many others expect now, can only be expected next year at this time, or maybe in 2022.

What you see as misery, to someone is just good business opportunity, and not only for big players.

This is more to a game of psychology now ...

Thinking just like the majority (hoping for the bull run kicked off) would drag you to a frustrating situation all the time during this 'waiting for the halving day' , let's try to think and analyze things in different way , to think and analyze against public opinions .... against the media.
I did it since few years ago (not everytime) but several occasions , this method works well especially in an uncertain situation like this.
I would mad if by the end of this month my support break below $7,000 , jeez.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Lucius on November 21, 2019, 10:38:14 AM

Quote from: EdenHazard on November 21, 2019, 09:11:50 AM

The fact that everyone expecting a warming up .. counting down the halving day ahead , the price should move up step by step gradually but here we are stuck at $8,000 even could get lower due the trends shows we are in bad vibes to go down further.

Whoever expects "warming up" these days is lives in total delusion, how time before halving should be considered as a time for something big? Are you aware that the accumulation is still ongoing, and that the big players' intention is that the price goes down, not up? What you and many others expect now, can only be expected next year at this time, or maybe in 2022.

What you see as misery, to someone is just good business opportunity, and not only for big players.

Things that should be realized on and people should switch up on the way they do think.Its just normal for those people who do try to suppress the price first and then accumulate as they can with cheap coins or does simply say that they do buy when others are still in doubt.Majority would just tend to buy up with confidence when the price is
booming up or shall we say a little bit late and these are the things which they do like for those people who bought on the earlier time.They do really took advantage of it.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: EdenHazard on November 21, 2019, 09:11:50 AM

The fact that everyone expecting a warming up .. counting down the halving day ahead , the price should move up step by step gradually but here we are stuck at $8,000 even could get lower due the trends shows we are in bad vibes to go down further.

Whoever expects "warming up" these days is lives in total delusion, how time before halving should be considered as a time for something big? Are you aware that the accumulation is still ongoing, and that the big players' intention is that the price goes down, not up? What you and many others expect now, can only be expected next year at this time, or maybe in 2022.

What you see as misery, to someone is just good business opportunity, and not only for big players.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: FanEagle on November 20, 2019, 12:42:45 PM

I guess that is not really "devastating" signal, it says there is a good support near and a great resistance at a way above the current price. It would be bigger move going to $6.4k or going to $12.4k? I would say going to $12.4k would be a way bigger move. Hell we just recently touched $7k and went back to above $9k so the support is way above what it looks like here on the charts because there is a "psychological" support as well which is basically keeping the price above the current levels. We could always drop further and further but that doesn't mean that it will happen right away.

I would say "a bit down first but higher later" has always been said and whenever that is said I have seen it go higher directly without going down, so I say it will go up soon without going down.

The fact that everyone expecting a warming up .. counting down the halving day ahead , the price should move up step by step gradually but here we are stuck at $8,000 even could get lower due the trends shows we are in bad vibes to go down further.
This situation could attract some big players to drive the price down instead moving up , you know they love making money through our misery.

$7,000 is my current updated support point and $11,000 is the resistance, let's hold it on $7,500 for a while .

Wexlike

legendary

Activity: 1473

Merit: 1086

Quote from: Yaunfitda on November 20, 2019, 08:31:59 PM

$8k now, all signals are now pointing to a bearish trend in the coming months.

At least the OP has open our eyes that $6k-$7k is now in the radar and I do hope that with this warning, traders specially newbies will learn and adjust their strategy. To be fair, there are a lot of TA's floating around months ago that we are in the entering a bearish trend, but that artificial pump (because of China news) put that on hold, but now we are back and this is the reality, no more artificial pump.

Really, what kind of signals are pointing for a bear ?

Yaunfitda

hero member

Activity: 2870

Merit: 594

$8k now, all signals are now pointing to a bearish trend in the coming months.

At least the OP has open our eyes that $6k-$7k is now in the radar and I do hope that with this warning, traders specially newbies will learn and adjust their strategy. To be fair, there are a lot of TA's floating around months ago that we are in the entering a bearish trend, but that artificial pump (because of China news) put that on hold, but now we are back and this is the reality, no more artificial pump.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Slow death on November 19, 2019, 07:20:33 PM

did you think it was only natural to rise from $ 7400 to $ 9000 in such a short time? it was in the face that it was the old pump and dump phenomenon

It was mostly a huge short squeeze. It pretty much means that shorters are forced to buy at any price to cover their positions, which causes these overly exaggerated moves. In that regard, it's not surprising to see the price fall back because it wasn't a pump based on actual long term demand, but just based on very short term demand.

The coming days will be very important for the mid to longer term price action, because if we don't hold $8000 I'm afraid that the price will fall a few grand lower, possibly even lower $5000's. However, people are currently so bearish that I do expect a nice bounce up pretty soon (most likely before friday). If we can close some daily candles above the 200MA (~$9400) that will make me a bit more bullish.

FanEagle

legendary

Activity: 2884

Merit: 1117

I guess that is not really "devastating" signal, it says there is a good support near and a great resistance at a way above the current price. It would be bigger move going to $6.4k or going to $12.4k? I would say going to $12.4k would be a way bigger move. Hell we just recently touched $7k and went back to above $9k so the support is way above what it looks like here on the charts because there is a "psychological" support as well which is basically keeping the price above the current levels. We could always drop further and further but that doesn't mean that it will happen right away.

I would say "a bit down first but higher later" has always been said and whenever that is said I have seen it go higher directly without going down, so I say it will go up soon without going down.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

Quote from: Bossian on 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.

I say bitcoin always has a surprise at the end or at the beginning of the year, if this is a bear market they should have fallen below $ 6500 yesterday but unfortunately that is not the case, because the bears are dead now there are only big players taking the game taking cheap is an opportunity taken at the moment, I'm not sure it will return below $ 6500, prices will continue to stabilize or go up above $ 10k whether it's late this year or early next 2020

daarul50

legendary

Activity: 1596

Merit: 1034

Quote from: Wexnident on November 18, 2019, 12:01:24 PM

Quote from: daarul50 on November 18, 2019, 11:45:43 AM

people need to understand that the latest spike from $7000 to $10000 was mostly is not organic move.

THIS. People overestimate how BTC ran from 7k to 10k in a matter of a few hours, and only that. They didn't see how the market was unsatisfied with its sudden run, so they made it go back down, no matter how slowly it was. If the run back then didn't occur, I'd expect a similar price as of now which is around 8.5k tbh.

Quote from: Bossian on November 18, 2019, 10:00:41 AM

Yep. Bearish or +- stable until end of 2020. If big run happens won't be before end of 2020.

Bearish, please. I wanna enter more investment into the scene so I might as well wait for that possibility.

here we go again looking to get back to $7000 now hehe

it has been a week since the first signal that this gonna be a bear run, down for 5% and a little bit correction of 1% up and so on it seems pretty clear we are going nowhere but sit back at the $7000 or $6000 for long until the halving occured.
i am a little bit doubt to holding at $8000 in this situation , the pressure day bay day getting higher.
once again i wish i was wrong , targetting a bounceback to $10000 or crazy $20000 is a mission impossible , it could indedd happened but let's re-check the facts around , all of them did not support it unfortunately.

there is no harm to saving some cash for further drop possibility.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: gabbie2010 on November 19, 2019, 07:09:43 AM

I hope the price reach $10K before the end of this year.

The price is falling every hour and day, without good news capable of creating a great demand, the price will not reach $10,000. I told someone that the price had risen from $7400 to $9000 because of the president of china's comment about blockchain, now that people are seeing the reality that china has not changed its position relative to bitcoin they are selling their bitcoin . More likely to end this year at $7400

Quote from: barbara44 on 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.

did you think it was only natural to rise from $ 7400 to $ 9000 in such a short time? it was in the face that it was the old pump and dump phenomenon

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: Febo on November 17, 2019, 11:21:27 AM

Quote from: Bossian on 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.

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.

Many different factors go in a bull and a bear other than looking at 2015 and how that played out. We wont have the exact same market conditions every 4 years. Can we use it as a guide..meh possibly. 2015 felt so different than today and it's a whole different group of people coming in and out of the market than in 2015.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: ?? on ??

Quote from: gabbie2010 on November 19, 2019, 07:09:43 AM

Quote from: tabas on November 19, 2019, 05:28:11 AM

You have an interesting analysis. I seem to believe that we're still on the bull market but looks I'm wrong with that.

Quote from: Bossian on November 18, 2019, 11:16:13 PM

But the trend is still clear towards the 7k area.

$6.4k - $7k as the support still looks great. What's your analysis at the end of this year?

I hope the price is rejected at that $6.4K to $7K support that is the last hope for the price else we may see more bearish movement to $5K although based on daily chart the price is already showing bearish exhaustion thus a likely upward movement is imminent I hope the price reach $10K before the end of this year.

So ping/pong in that specific price range ?

Just as usual but i cant figure which one would be the support neither staying up on 8k or would able to go down further in $7500.
These fluctuations arent really that surprising and i dont know why people do still be being shook with these movements.
Still hesitant on accumulating now.

cryptoangel

sr. member

Activity: 700

Merit: 250

Quote from: gabbie2010 on November 19, 2019, 07:09:43 AM

Quote from: tabas on November 19, 2019, 05:28:11 AM

You have an interesting analysis. I seem to believe that we're still on the bull market but looks I'm wrong with that.

Quote from: Bossian on November 18, 2019, 11:16:13 PM

But the trend is still clear towards the 7k area.

$6.4k - $7k as the support still looks great. What's your analysis at the end of this year?

I hope the price is rejected at that $6.4K to $7K support that is the last hope for the price else we may see more bearish movement to $5K although based on daily chart the price is already showing bearish exhaustion thus a likely upward movement is imminent I hope the price reach $10K before the end of this year.

This year everyone expecting the good hype on Bitcoin, But current dump loose the hope for many peoples so today drop is really change the people expectation. I hope Bitcoin will cross more than 10k USD on this year, at the same time we can buy more in this dump because market fluctuations is slowly recovering so we can invest current dump we make good profit on end of this year.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: tabas on November 19, 2019, 05:28:11 AM

You have an interesting analysis. I seem to believe that we're still on the bull market but looks I'm wrong with that.

Quote from: Bossian on November 18, 2019, 11:16:13 PM

But the trend is still clear towards the 7k area.

$6.4k - $7k as the support still looks great. What's your analysis at the end of this year?

I hope the price is rejected at that $6.4K to $7K support that is the last hope for the price else we may see more bearish movement to $5K although based on daily chart the price is already showing bearish exhaustion thus a likely upward movement is imminent I hope the price reach $10K before the end of this year.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

You have an interesting analysis. I seem to believe that we're still on the bull market but looks I'm wrong with that.

Quote from: Bossian on November 18, 2019, 11:16:13 PM

But the trend is still clear towards the 7k area.

$6.4k - $7k as the support still looks great. What's your analysis at the end of this year?

Bossian

member

Activity: 450

Merit: 59

With a sudden move down to 8.1k area, would not be surprised to see a fake recovery towards 8.5k-ish.

But the trend is still clear towards the 7k area.

I would advise to still sell at 8.2k and buy back below 7.5k.

boltz

legendary

Activity: 3360

Merit: 1203

Looks like we have another bear market with low buying support building around 6.5k~ area which is not good as I was hoping the bear was done and moved away but it was just silent so a BIG drop could happen anytime now with a flash drop in 7.8k$ and from then slowly going towards 6.5k$. Selling Bitcoin as a speculator involves a lot of risk so why take it ? And why not simply buy more on lower price ? But yea , if you're a master in trading and you can read the patterns well , you have a chance here to increase your Bitcoin's.

STT

legendary

Activity: 4102

Merit: 1454

Correction can occur over time as well as price, that is something I have heard traders operating in markets for years saying more then once. I think many would like the more exciting route of something like a rollercoaster but it could just be a quieter drift over months also. I think anyway we tend to operate in a price range and just bounce between the lowest point and high in that box, occasionally we change the range a bit. The safest bet is to be in the market when its in a clear trend, we dont have that right now.

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: Bossian on November 18, 2019, 10:00:41 AM

Quote from: fabiorem on November 18, 2019, 08:45:08 AM

Market looks bearish right now.

There is a spam of threads talking about six digits.
The more I see of these threads, the more I'm convinced we will have six months of a secondary bear market.

Yep. Bearish or +- stable until end of 2020. If big run happens won't be before end of 2020.

Actually, its the same thing.
Bearish does not always means it is going down to three digits or some other apocalyptic scenario. It can also means a hybernation: the price tanks between 5k and 8k, for several months, and thats it.
People expecting six digits next year will sell out of impatience.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Interesting. Just a few days ago I've read an analysis telling that if Bitcoin drops more it has a good chance to shoot over 12k quick.
Now suddenly there's bearish market.

I don't know. I think that's really hard to predict what happens next. I surely hope OP is wrong, I'd like to see Bitcoin over 10k before the end of the year.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: barbara44 on 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.

Oof moment to that. Though it is the trend back then when BTC went down to 7k then spiked to 10k. Though unlike the downtrend when it was 7k, we could see the current market finding a stable position to stop. With it going up and down a few 0.0 something percent every time, I really hope it finds its way back once more.

Quote from: daarul50 on November 18, 2019, 11:45:43 AM

people need to understand that the latest spike from $7000 to $10000 was mostly is not organic move.

THIS. People overestimate how BTC ran from 7k to 10k in a matter of a few hours, and only that. They didn't see how the market was unsatisfied with its sudden run, so they made it go back down, no matter how slowly it was. If the run back then didn't occur, I'd expect a similar price as of now which is around 8.5k tbh.

Quote from: Bossian on November 18, 2019, 10:00:41 AM

Yep. Bearish or +- stable until end of 2020. If big run happens won't be before end of 2020.

Bearish, please. I wanna enter more investment into the scene so I might as well wait for that possibility.

daarul50

legendary

Activity: 1596

Merit: 1034

Quote from: buwaytress on November 18, 2019, 10:18:09 AM

I wouldn't call 6.4k devastating, really. Seeing the price teally fighting on the weekend (and failing) takes us closer to that reality, sure, but let us contend with 7.4k first, which is where we were a month ago.

6.4 would be a heck of a drop, but still over 100% more than the 2019 low, so hardly a devastating price.

Buyers setting sights there will be filling orders though. 10k as we can see is achievable in a day.

people need to understand that the latest spike from $7000 to $10000 was mostly is not organic move.

what i mean is that was a temporary hype as a response on china move treating bitcoin differently , actually they mention it as a blockchain support in china will get accelerated. that was a moment where manipulators -whales- takes full advantage on it as if the market in the bull run heading the halving event with a lot of positive sentiments which it still in doubt , as a proof we are struggling now keeping the support unbreakable at $7000 , the trends over the week shows it continue goes down.

nothing we can expect during this month until the end of this year possibly even until early 2020 -i wish i am wrong-

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

I wouldn't call 6.4k devastating, really. Seeing the price teally fighting on the weekend (and failing) takes us closer to that reality, sure, but let us contend with 7.4k first, which is where we were a month ago.

6.4 would be a heck of a drop, but still over 100% more than the 2019 low, so hardly a devastating price.

Buyers setting sights there will be filling orders though. 10k as we can see is achievable in a day.

Bossian

member

Activity: 450

Merit: 59

Quote from: fabiorem on November 18, 2019, 08:45:08 AM

Market looks bearish right now.

There is a spam of threads talking about six digits.
The more I see of these threads, the more I'm convinced we will have six months of a secondary bear market.

Yep. Bearish or +- stable until end of 2020. If big run happens won't be before end of 2020.

s1lverbox

legendary

Activity: 2324

Merit: 1039

Thanks to BTC dropping many ALTs will fly. Dominance drops also.
Beside you can always hedge 1:1 on any leveraged exchange
. Nothing is lost . Money can be made both ways.

fabiorem

sr. member

Activity: 1400

Merit: 347

Market looks bearish right now.

There is a spam of threads talking about six digits.
The more I see of these threads, the more I'm convinced we will have six months of a secondary bear market.

Bossian

member

Activity: 450

Merit: 59

Quote from: smyslov on November 18, 2019, 07:58:03 AM

Quote from: Bossian on November 18, 2019, 04:57:10 AM

Quote my message in 1 month sista, we will get below 7k for sure. Doesn't mean I am not optimistic for 2020/2021.

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) Grin

Hopefully we will not go down to $7 k anymore, we have the momentum right now I'm looking at $9 k before the end of the year and then everybody will go positive and go buying spree January onward, this is a much better scenario, I'm not saying yours is bad because coming from your words, you are optimistic, we all are, we just have to carry our optimism going to the much awaited halving.

Which momentum? The price has now lost 1k in less than 2 weeks time, the momentum is for a downtrend clearly. Always the same:
-lower low
-lower high
-lower low
-lower high
etc
What I love with Bitcoin is that it's much easier to trade than a stock. Bitcoin trading is a gold mine. If one day Bitcoin becomes stable in terms of price we'll be missing the 2017-19 period.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: Bossian on November 18, 2019, 04:57:10 AM

Quote my message in 1 month sista, we will get below 7k for sure. Doesn't mean I am not optimistic for 2020/2021.

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) Grin

Hopefully we will not go down to $7 k anymore, we have the momentum right now I'm looking at $9 k before the end of the year and then everybody will go positive and go buying spree January onward, this is a much better scenario, I'm not saying yours is bad because coming from your words, you are optimistic, we all are, we just have to carry our optimism going to the much awaited halving.

Bossian

member

Activity: 450

Merit: 59

Quote from: UnDerDoG81 on November 18, 2019, 06:42:38 AM

So you sold all your Bitcoins then?

Yes I did, the trend is clearly bearish now. Won't be too difficult to buy back at 7k-ish.

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

So you sold all your Bitcoins then?

Bossian

member

Activity: 450

Merit: 59

Quote from: barbara44 on 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.

Quote my message in 1 month sista, we will get below 7k for sure. Doesn't mean I am not optimistic for 2020/2021.

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) Grin

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Bossian on 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.

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.

barbara44

hero member

Activity: 2548

Merit: 605

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.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Bossian on 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.

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.

Quote from: Bossian on November 14, 2019, 08:02:35 AM

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.

Bossian

member

Activity: 450

Merit: 59

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.

Topic: Devastating signal: bear market, 6.4k support, 12.4 resistance (Read 650 times)