Topic: Short term predictions for BTC price? (Read 815 times)
You can also try other cryptocurrencies not only bitcoin, who knows maybe you can earn more in a certain crypto you've chosen and I also think that short term predictions is too risky instead of growing your own coins you might end up losing it.
I think if you intended to sell then you so late to the party you might as well come back next week. I dont know it wont drop further but theres fair reason it could rest in this area. Usually with bitcoin Im surprised how fast it came back or why its so negative and then later theres some news to explain why. Generally its volatile and heading off in either direction at great pace. I will probably wait and see, I did expect a bounce but I think alot of selling is to do with taxes etc. So thats till mid next week
I don't know how much time you consider short-term, but World Cup Russia can helps Bitcoin to rise again if the publicity is done rightly. I have seen some hotels will accept Bitcoin as payment method. If more services follow the trend, we can see demand increasing fast in a small time interval. There is a lot of potential on it, many different countries involved, all the world focused on it... I think there will be enough strength to boost BTC to $10.000 again.
There's good news and bad news here. Good news first. There's still a good possibility that the leg down from $9,177 is corrective. The potential C/III wave is shallow, making a III wave unlikely unless we see a real selloff soon. That means the $7,240 low could still have been the start of a corrective wave up to new highs > $11,800 (bull trap).
The selloff was brutal, and obviously the above scenario was invalidated. There's not much point generating any more bullish hypotheticals right now. Not until bulls show some signs of life. They look completely battered. The coins I didn't hedge....feeling the pain right now!
We need to take out the $9,177 high to breath life back into this chart... not sure how likely that is right now.
Hi guys , does anyone have any good short term predictions for Bitcoin? or should we move to other cryptocurrencies?
Yeah, some investors invest short time and they've got profited. Especially last year, bitcoin price got high amount and rises fast like a rocket, so that a lot of investors gain profit in just one click. 
Hi guys , does anyone have any good short term predictions for Bitcoin? or should we move to other cryptocurrencies?
Yeah, some investors invest short time and they've got profited. Especially last year, bitcoin price got high amount and rises fast like a rocket, so that a lot of investors gain profit in just one click. 
Hi guys , does anyone have any good short term predictions for Bitcoin? or should we move to other cryptocurrencies?
it's hard to predict the current bitcoin, the market is so not conducive. let alone some restrictions being one of the trends that degrade crypto market. bitcoin is very sensitive to rumors. because in it there is a lot of panic from investors who have not experienced. so, I guess I can only monitor market movements before assuming and speculation
For the short term.. it looks like it's not ensuring/promising high profit, I think is more suitable for the long term. Anyhow this time it seems that the price movement looks still stuck and slowly by the various things that affect it. We just don't take a riskier or less promising decision if the circumstances telling to the other decision rather than we take.
Price is still slow bleeding and stair-stepping down. Unfortunately, I'm noticing a lot of bullish/hopeful sentiment and also a lot of knife-catching calls. A lot of seasoned altcoiners also (finally) proclaimed that alt season was upon us. Sentiment-wise, none of this bodes well for bulls right now.
As I said the other day, the picture isn't bullish until and unless bulls take $9,000. Zoinky (an old hand from these parts) puts it at $9,500. Now he's looking for $3,900. He also says:
All in all, things look very grim. It's possible that bulls come in and show strength, but I've yet to observe any yet.
As I said the other day, the picture isn't bullish until and unless bulls take $9,000. Zoinky (an old hand from these parts) puts it at $9,500. Now he's looking for $3,900. He also says:
Quote
Officially under quarterly future's multi-year support trend. 50 MA is under 200 MA. Algos may start kicking.
All in all, things look very grim. It's possible that bulls come in and show strength, but I've yet to observe any yet.
Things are still looking pretty grim.
Normally I don't like to do EW on short-term charts, but I think we have enough here to make some educated guesses.
There's good news and bad news here. Good news first. There's still a good possibility that the leg down from $9,177 is corrective. The potential C/III wave is shallow, making a III wave unlikely unless we see a real selloff soon. That means the $7,240 low could still have been the start of a corrective wave up to new highs > $11,800 (bull trap). The lower degree Wave 4 is a pretty clear running triangle, indicating a penultimate move. We should be finding a local low soon.
The bad news..... the 1-week and 1-month charts look like shit. We're below trends and MAs that have acted as support for two or three years. If we make new lows < $7,240 then the above scenario becomes unlikely (expanding flats, etc. are rare). In that case, things could get stay very ugly for a while.
Heres a short term call, bottom out on channel and upside target of 8000. Nothing bullish required to get this really. Longer term there are different perspectives to draw on like the 200 daily moving average which is still a positive trend. Its neutral sideways to negative short term, main trends are based on confidence and deleveraging of credit in BTC market I think. There are other trends based on the actual utility but they may be alot slower to form support
https://i.imgur.com/lDkj8BR.png
https://i.imgur.com/lDkj8BR.png
The market is quite unstable for now because of bitcoin's recent spike-and-plunge of its price. I just hope that bitocin will be coming back for good so we can see a normal market too. If i have to predict, bitcoin will come back again at the end of 3rd quarter.
In the hull of every sunken ship....is a room full of charts. What a bunch of amateur of drivel. Also, that childish little term "HODL" is the most ridiculous term on earth. Makes you sound like a bunch of babies. I doubt many people will take someone seriously that says "HODL". Maybe just stuff a pacifier in their mouth.
Very difficult and a high one as we can hardly see simply holding in down market is a test for patience. However, no one can really say what can happen or not since we would not have thought, bitcoin would even get lower than $10000 and a lot of experts even thought that $10000 will be a strong support but there we go brewing past it like it was nothing and then we kept rolling down.I am just hoping we do not end up seeing more range bounds happening, thinking of a bounce back at the current $8000 levels so that bitcoin may keep attracting more new investors in long run.
In the hull of every sunken ship....is a room full of charts. What a bunch of amateur of drivel. Also, that childish little term "HODL" is the most ridiculous term on earth. Makes you sound like a bunch of babies. I doubt many people will take someone seriously that says "HODL". Maybe just stuff a pacifier in their mouth.
Not more than $10,000 in a short term.
I believe in a short rise, but this is nothing special over it.. maybe there are good resistances on the $9000 level (i am checking it on my charts)
but there is not a "solid" ceiling over it.
Just wait, sit down, and enjoy the ride.
maybe need a shock news that builds a huge demand and that can be done with positive news about bitcoin. I'm sure when there was a big newspaper preaching about the benefits of bitcoin or the government that started legalizing bitcoin, it will make a big explosion in the market and make the demand rise high, but for the near term this is nothing special? yeah maybe we should be patient for longer to wait higher price I believe in a short rise, but this is nothing special over it.. maybe there are good resistances on the $9000 level (i am checking it on my charts)
but there is not a "solid" ceiling over it.
Just wait, sit down, and enjoy the ride.
It will not be accurate. It is a gamble.
Even the pro traders do have a hard time predicting where bitcoin will go that is why they switched to a cheaper coin where they can play with market.
Anywhere it goes it will still be a prediction and no one can tell if it will happen. Better just leave it as it is and just HODL.
Very well said. No one can really predict the volatility of the prices in crypto world. The main key here for success is a lot of PATIENCE or else we will all ended up with weak hands and lead the blockchain market to crash down. Even the pro traders do have a hard time predicting where bitcoin will go that is why they switched to a cheaper coin where they can play with market.
Anywhere it goes it will still be a prediction and no one can tell if it will happen. Better just leave it as it is and just HODL.
As a strong believer of bitcoin therefore i would suggest all the holders to still wait and hold. Anyway, first trimester is almost over. So by then bitcoin prices will be starting to pump again.
wow, what an erection on the BTC chart! was that little plunge below $8000 just a total bear trap?! awesome to see that price has already shot up past the last bounce area, so there's probably a lot of bottom shorters to squeeze.
it's a beautiful sight to behold after all the blood this weekend:
it's a beautiful sight to behold after all the blood this weekend:
nice chart but i think this is because the difference between supply and demand In some periods dump of today is not strong like other , generally the dump dominate on price so btc will test support 7300 again then the price will rise to 8000 and stabilizes there ; then another dump will return again ;i still think that prices are expensive
wow, what an erection on the BTC chart! was that little plunge below $8000 just a total bear trap?! awesome to see that price has already shot up past the last bounce area, so there's probably a lot of bottom shorters to squeeze.
it's a beautiful sight to behold after all the blood this weekend:
it's a beautiful sight to behold after all the blood this weekend:
Unfortunately, bulls were unable to take $9,000. We got a stiff rejection at the neckline, and a pronounced bearish engulfing on the 4-hour chart:
That area was tested three times before the selloff. Surprising weakness from the bulls.
I hate to say it. But this is beginning to look like the inverse H&S failure on the daily chart we saw during the first week of March. That preceded the crash to the $7,200s.
We recently got a TAM downtrend signal on the 1-week chart, and it's still in force for another week or so. Maybe we just need some more time to build a base. Or maybe this will turn bearish....
That area was tested three times before the selloff. Surprising weakness from the bulls.
I hate to say it. But this is beginning to look like the inverse H&S failure on the daily chart we saw during the first week of March. That preceded the crash to the $7,200s.
We recently got a TAM downtrend signal on the 1-week chart, and it's still in force for another week or so. Maybe we just need some more time to build a base. Or maybe this will turn bearish....
Price is still slow bleeding and stair-stepping down. Unfortunately, I'm noticing a lot of bullish/hopeful sentiment and also a lot of knife-catching calls. A lot of seasoned altcoiners also (finally) proclaimed that alt season was upon us. Sentiment-wise, none of this bodes well for bulls right now.
As I said the other day, the picture isn't bullish until and unless bulls take $9,000. Zoinky (an old hand from these parts) puts it at $9,500. Now he's looking for $3,900. He also says:
Quote
Officially under quarterly future's multi-year support trend. 50 MA is under 200 MA. Algos may start kicking.
All in all, things look very grim. It's possible that bulls come in and show strength, but I've yet to observe any yet.
it is on its consolidation phase i think from $8k to $9k until it breaks out probably few months from now, but it will continue to consolidate long term. just my cents though
the price at a level those numbers which you have named will last very long. Perhaps really before the end of this year. The fact is that always demand creates supply in the market. But today Bitcoin offers a lot and the lack of demand makes the situation today very tense. 
it is on its consolidation phase i think from $8k to $9k until it breaks out probably few months from now, but it will continue to consolidate long term. just my cents though
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