My forecast is that we can't expect some bigger changes. The price will move back or forth for couple hundred dollars but all in all by the end of the year I don't think the price will reach 6000$ again or more. So, nothing from the big pump.
Anyway, have patience and don't give up, don't panic sell. Market will recover and the price will go up but not just yet. At least not before the begininig of the next year.
Topic: Short term forecast (Read 383 times)
I don't expect positive news to trigger another rally, we're gonna need a lot more than that to actually see 7k again.
BAKKT opening their doors on Jan 24th.....Maybe!
I don't see real bounces now. IMHO not the best to rely on fast recovery and growth.
I am on other side of the coin where I think that market will recover and regain to 7k easily in Dec itself and we are seeing some buying is already happening and it has reached 4150$. So some upward movement has happened where it had fall to 3500$ range or so. So may be Dec will give some good news as far as bitcoin is concerned.
I don't expect positive news to trigger another rally, we're gonna need a lot more than that to actually see 7k again.
Short term forecast - Trading in the $3,000 - $5,000 range until at least the New Year. I can’t really be any more specific but that’s what it is, we have strong buy support in the low $3,000’s but resistance at around $4,600.
I don't see real bounces now. IMHO not the best to rely on fast recovery and growth.
I am on other side of the coin where I think that market will recover and regain to 7k easily in Dec itself and we are seeing some buying is already happening and it has reached 4150$. So some upward movement has happened where it had fall to 3500$ range or so. So may be Dec will give some good news as far as bitcoin is concerned.
That's the problem with short term predictions. They rarely hit the spot. Back when btc was running chill at 6.5k most people were bullish. Few expected we'd go below 4k in under 2 weeks. We've bounced from that 3.5k point but instead of making bold predictions, better to prepare for any sudden drops again.
I don't see real bounces now. IMHO not the best to rely on fast recovery and growth.
I am on other side of the coin where I think that market will recover and regain to 7k easily in Dec itself and we are seeing some buying is already happening and it has reached 4150$. So some upward movement has happened where it had fall to 3500$ range or so. So may be Dec will give some good news as far as bitcoin is concerned.
After a long period of decline in Bitcoin, I would like to ask, if there is an increase of more than 5% next week, what is the strategy behind it?
I think there is no point of price going up right now. The Bakkt got delayed and until 29th of december SEC doesn't need to tell what they think about this which would probably only affect the price during the early days of 2019. So in the shortest term, 2018 will probably end like this unless some major stuff happen. Now don't forget that no one really knows what will happen in bitcoin world because it is always a shock when something new happens but the main point is this ; either we will stay like this if nothing changes, or someone will come up with some new huge thing and we will start making money. That's the whole gist of it to be honest. There are not a lot of bells and whistles on bitcoin news, whenever something huge happens either going up or down, it is quite easily explainable. 
I don't see real bounces now. IMHO not the best to rely on fast recovery and growth.
After a long period of decline in Bitcoin, I would like to ask, if there is an increase of more than 5% next week, what is the strategy behind it?
A weekly 5% increase won't signal any change in the downtrend. For that to even be considered there would have to be an increase of 30% or more (in my opinion). Or a number of weeks with a 5% increase one after the other. Short term I think that the recent bottom will be tested again, and it will either be broken and another bottom found shortly after or we'll move back up towards $5000.
I think we will start to see a small rise.
Everyone will be very cautious when stepping in.
I myself am buying small quantities (phased buy in)
Everyone will be very cautious when stepping in.
I myself am buying small quantities (phased buy in)
Unfortunately, the expectation was always below $ 4000. And after weeks of price decline, it is now difficult to estimate the price. I don't have a vision for myself right now.
Market is showing good sign of recovery which could also mean that it will bounce back strongly and quickly. SO we can easily expect considering the volatility as market fall so it will rise as well and 6 to 7 k in quick weeks time could be easily possible. Which also means that 2 or 3k profits right away on just 1 btc. Nothing better you could ask for it.
5% isn't really considered an "increase" it is mostly considered as daily fluctuations and it doesn't really need a reason. it has been happening for years within small ranges below 10% and is always ignored.
a short term increase is when price goes up more than 10% and as you can see it has happened since the price drop was sudden and big which pushed the limits of how much they can lower the price in this round of dumps.
a short term increase is when price goes up more than 10% and as you can see it has happened since the price drop was sudden and big which pushed the limits of how much they can lower the price in this round of dumps.
Let the trend be your friend and since fees were allowed to hit $55 per transaction that trend has been down because
trust got up and left the room.
Much as Bitcoin is the number one cryptocurrency, If this is your kind of reasoning then why are other promising crypto like Ethereum, EOS with much lower transaction fees dropping too?trust got up and left the room.
I would think in these case... if people lost trust, Bitcoin drops the other promising protocols like Etheruem, NEO or EOS rise.
My strategy now is to keep bitcoin and not to sell. Bitcoin continues to fall and small bounces up can turn into huge drawdowns. Therefore, short-term trading is a big risk.
We can't even be sure if we'll see a 5% increase by next week, how then can we determine the strategy or reason behind the supposed increase..
I've quit monitoring the price in the last few days, as honestly it doesn't seem to be moving up anytime soon
I've quit monitoring the price in the last few days, as honestly it doesn't seem to be moving up anytime soon
I kept trying to use logic when it came to the price of gold/silver but they went down when they should had been going up and up when logic said they
should be going down.
Simply put logic does not work in a fixed market but it's easy to fix digits and paper, easier still with Bitcoin but that's what you are seeing here
I suspect, you know you cannot trust them after fees hitting $55 and such misleading information about the Lightning network that turned out to be
a network of mini banks so it would be logical to conclude that these guys will string you along and drain you dry if you let them.
We can't even be sure if we'll see a 5% increase by next week, how then can we determine the strategy or reason behind the supposed increase..
I've quit monitoring the price in the last few days, as honestly it doesn't seem to be moving up anytime soon
I've quit monitoring the price in the last few days, as honestly it doesn't seem to be moving up anytime soon
After a long period of decline in Bitcoin, I would like to ask, if there is an increase of more than 5% next week, what is the strategy behind it?
with a very drastic decrease every day, it seems like it is possible for a 5% increase, I also see that in some channels there are scalping with 30h timeframes and getting approximately 6% profit on ethereum coins. Indeed, a market with such conditions is quite dangerous if it does not have a good strategy. I recommend, it's better now to save assets in the form of FIAT, and buy after the new year, the best moment seems to be there
Unfortunately, the expectation was always below $ 4000. And after weeks of price decline, it is now difficult to estimate the price. I don't have a vision for myself right now.
Some big predictors too are in silent mode now, no one has the idea about where the downfall will stop. Never thought the value of cryptocurrencies will go for such a low, last quarter need to shine like always but crypto has different thoughts.
Let the trend be your friend and since fees were allowed to hit $55 per transaction that trend has been down because
trust got up and left the room.
if they can fix the number of BTC to 21m then they could had fixed the max price for "Virtually free fees" but they got greedy instead and
now we, not they are paying the price for the greed.
Paid puppets here will still be telling people to buy on the dip if prices go below $100 per coin but that's where I see things going.
trust got up and left the room.
if they can fix the number of BTC to 21m then they could had fixed the max price for "Virtually free fees" but they got greedy instead and
now we, not they are paying the price for the greed.
Paid puppets here will still be telling people to buy on the dip if prices go below $100 per coin but that's where I see things going.
Strategy behind that increase? I'll plainly say that there's no need to think for any other strategy than HOLDING. Many bought higher than the current price and is still holding hoping for a better price soon.
5% is a great gain for the day traders so if you are saying that you are going to have this strategy, then apply the most common method of buying low and selling high. But for most of the holders, 5% isn't that much TBH.
5% is a great gain for the day traders so if you are saying that you are going to have this strategy, then apply the most common method of buying low and selling high. But for most of the holders, 5% isn't that much TBH.
Unfortunately, the expectation was always below $ 4000. And after weeks of price decline, it is now difficult to estimate the price. I don't have a vision for myself right now.
After a long period of decline in Bitcoin, I would like to ask, if there is an increase of more than 5% next week, what is the strategy behind it?
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