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Topic: The trend of prices is still upward, any hope for downward? - page 4. (Read 529 times)

legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
The current pattern on the daily kinda matches the last one too so there's a chance we go to $15k, extremely slim though and probably quite unlikely (you'd be better off selling at 20k if it did)...

this is a very strange statement that surprised me after seeing an old user making it.
if anything the recent pattern solidified the next rise. if price were capable of such a huge fall yesterday when they were dumping it hard should have gone lower than $29k or at least lasted there for longer than an hour or so!

but when price jumped back up like a yo yo it indicated that price doesn't want to fall and $30k remains a very strong support.

to OP always remember that they are printing a TON of money specially during COVID time. there is no way to see any price decrease anywhere, in bitcoin, stocks, groceries, rent, utilities,... all are going up.
hero member
Activity: 1778
Merit: 722
Leading Crypto Sports Betting & Casino Platform
The current pattern on the daily kinda matches the last one too so there's a chance we go to $15k, extremely slim though and probably quite unlikely (you'd be better off selling at 20k if it did)...

Dude if I see bitcoin price at 15K price level I would sell even my underwear to buy more bitcoins. Grin
In my idea, even if we see prices such as 15K, there will be a show touching the price level for less than a second because many people are waiting for lower prices to increase their bitcoin amount.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
I abandoned most of my long at about 33500. I imagine we could be due a drop but I don't know how far, perhaps to 29k or something (we could reach 42 before then though too). I want something a little more sustained around the 30k level - if we don't get that and go up we're still pretty bullish imo but it'd be nicer to get an extra confirmation.

The current pattern on the daily kinda matches the last one too so there's a chance we go to $15k, extremely slim though and probably quite unlikely (you'd be better off selling at 20k if it did)...
newbie
Activity: 14
Merit: 1
COVID 19 enriched majorities while the minorities suffer.
The current increament in the cost of commodities in the market is alarming bad yet the majorities who are representative of the minorities (politicians) seem to pay less concerned.
This increament before now was tag to be as a result of Covid 19 which interrupted importation and exportation of good and services.
It is expected that with the decrease in the Covid 19 spread I thought their will be a corresponding decrease in prices of price the reverse is the case.
My question remains is their any hope for price decrement.
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