the bitcoin market is not the same as the forex market, bitcoin is more difficult to predict than forex, technical analysis is less effective in bitcoin trading, I often try technical analysis for bitcoin predictions but often meet with false signals.
Not all the time mate. It is somehow quite effective it may be you deal with it in a wrong way. Well, bitcoin market do go side ways but sometimes those alts are partially dependent to bitcoin. I agree that bitcoin trading is quite tough, but with proper techinical analysis with proper dealing with it would lessen your greater loss than not. 
Topic: Warning! Here's Why BTC is Set To Fall To 3000 or Lower! - page 2. (Read 603 times)
Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.
the point of all is not having knowledge, many people panic so they don't know what will happen next. limited funds also sometimes make me want to sell when prices will go down, for fear that if it goes down deep enough and can't buy when the price is very low.
Although you get tempted to sell be aware that price goes both ways, up.and down, so when the price falls that doesn't mean it will last forever. It's important to know to make the difference between correction or dump that might last a while and needs to be followed by some actions. Just don't ever panic, that will make you do reckless decisions.
of course, if we look at the history of price movements down and up it is certainly common because, in the end, I am sure it will go back to the top, it can even go higher and that is due to several factors to come, such as mass adoption, halving and others. so as long as many developments have positive values, it is certain that prices will continue to increase in the future.
I think technical analysis is most useless for such a prediction.
Technical analysis always subject to be overridden. It means when deciding factors change, those support and resistance levels need to be adjusted accordingly. I am not seeing any possibilities for prices to break again its recent low which is around $6500 levels. It means we may not see any prices which are lower than $7k levels here after. At the same time, bitcoin may not enter into bullish mode directly. It may remain sideways at least for short to mid term.It means we cannot expect to have new ATH in short term. We might need to wait till beginning of 2021 for new ATh most probably. Again, no speculation is final as market reserves all the rights to change anything at the final moments
. But, current markets are good to buy more without any hesitations. 
Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.
the point of all is not having knowledge, many people panic so they don't know what will happen next. limited funds also sometimes make me want to sell when prices will go down, for fear that if it goes down deep enough and can't buy when the price is very low.
Although you get tempted to sell be aware that price goes both ways, up.and down, so when the price falls that doesn't mean it will last forever. It's important to know to make the difference between correction or dump that might last a while and needs to be followed by some actions. Just don't ever panic, that will make you do reckless decisions.
Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.
the point of all is not having knowledge, many people panic so they don't know what will happen next. limited funds also sometimes make me want to sell when prices will go down, for fear that if it goes down deep enough and can't buy when the price is very low.
Get ready to buy then !
You won't get this 2nd chance anymore in fact I suggest to start now. Sell your organs and start buying.
You won't get this 2nd chance anymore in fact I suggest to start now. Sell your organs and start buying.
It's a nice hyperbolic statement, i wonder when there is a person who read this really did this
If those prediction is really happen so we better to wait for lower price, but i'm not sure btc price will fall that deep because the demand is still strong and the halving is getting closer.
.in a serious note , when you see there is an opportunity like this , where the price dropped to the very low during the past 1 year i think it could be a worth betting if you sell some stuff that you don't really need it for now , for example if you have two cars , sell it one now and make it three in the next few months , a simply math on taking risk actually.
but of course you need to becareful making this kind decision, i never come to make any financial advice. but when it comes to see a bitcoin price drop to $3000 where big event held ahead in 2020 , this is a very rare opportunity to make a high yield invesment.
Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.
Get ready to buy then !
You won't get this 2nd chance anymore in fact I suggest to start now. Sell your organs and start buying.
You won't get this 2nd chance anymore in fact I suggest to start now. Sell your organs and start buying.
It's a nice hyperbolic statement, i wonder when there is a person who read this really did this
If those prediction is really happen so we better to wait for lower price, but i'm not sure btc price will fall that deep because the demand is still strong and the halving is getting closer.
If the market goes to $3K, it's not stopping there. Too much time has passed for a proper double bottom. We've trapped too much supply at much higher prices. Like xxxx123abcxxxx, I would be aiming closer to the $1K-$1,200 range near the 2013 highs.
I'm still favoring a bullish outcome though. I see this June-November correction as similar to the November 2015-May 2016 correction. We may need to ride out this bearishness until the halving pump next quarter though.
I'm still favoring a bullish outcome though. I see this June-November correction as similar to the November 2015-May 2016 correction. We may need to ride out this bearishness until the halving pump next quarter though.
Thanks for your insight, Yeah I've seen similarities as well so I guess we just need to keep grinding day to day. I mean I'm not here duding the 2015-2016 correction so it might have been painful for those who have witnessed it. But I guess they keep their mentality intact and that's why they are rewarded by the 2017 bull run. So just ride out this bearish trend and long term term, bitcoin block halving in 2020.
Today is today and tomorrow is tomorrow, let the yesterday be a history.
You must be happy whenever the price fall , there's no better time to buy more bitcoin at the current cheap and cheaper price, don't miss out.
People need to set a two sides strategy, one to expecting price to go low as you want to buy a lot of bitcoin with discounted price and the other is expecting the bitcoin halving in 2020 would make a significant price move as you hold bitcoin already to gain its value since long time ago.
There is tons of analysis pointing bitcoin wont come near $3k. I understand you put a lot of thought into it, but TA in crypto is more just a dart at the board at this point. When singular organizations can manipulate up or down the price all TA goes out the door. If the forces to be wanted this to love up that's what will happen same the other way around on the downside. How about if you believe in bitcoin and cryptos longevity just incrementally buy, hold, and not care what the current price of btc is or it's short term moves.
Even for long term you cant still have that kind of assurance to put up on your mind and be confident on future years to time.There would be people whom would prefer on doing shorter trade on using up TA's most of the time.Just as said where its just like doing dart where those technicals would hit or miss.We cant say its totally wrong nor not possible but to think that going
that low wont surely happen as of these days.We dipped down but not able to break those lower supports.I wont be surprised if later on there would be some analysis saying breaking the ATH on next weeks to come.lol
Yeah I know there is nothing that is guaranteed long term but short term trading is merely gambling, all the TA in the world wont help short term trading in crypto markets. To many random pumps and dumps for no rhyme or reason that does not follow any TA. Especially with anything other than bitcoin due to volume and the ability for one group to manipulate alt markets.
There is nothing to believe about OP's speculation cause he's totally out from crypt, in fact, he would like to invite everyone for their telegram just to educate us and tried to make a scam. As noted by Plagiarism, I think we don't have to believe his statement and even thinking that there is no reason to believe having a huge fall of bitcoin price. In fact, we are seeing now that Bitcoin price recovers slowly and put it in my insights that we get back to $10k before we end up this year.
If the market goes to $3K, it's not stopping there. Too much time has passed for a proper double bottom. We've trapped too much supply at much higher prices. Like xxxx123abcxxxx, I would be aiming closer to the $1K-$1,200 range near the 2013 highs.
I'm still favoring a bullish outcome though. I see this June-November correction as similar to the November 2015-May 2016 correction. We may need to ride out this bearishness until the halving pump next quarter though.
I'm still favoring a bullish outcome though. I see this June-November correction as similar to the November 2015-May 2016 correction. We may need to ride out this bearishness until the halving pump next quarter though.
Thanks for your insight, Yeah I've seen similarities as well so I guess we just need to keep grinding day to day. I mean I'm not here duding the 2015-2016 correction so it might have been painful for those who have witnessed it. But I guess they keep their mentality intact and that's why they are rewarded by the 2017 bull run. So just ride out this bearish trend and long term term, bitcoin block halving in 2020.
There is tons of analysis pointing bitcoin wont come near $3k. I understand you put a lot of thought into it, but TA in crypto is more just a dart at the board at this point. When singular organizations can manipulate up or down the price all TA goes out the door. If the forces to be wanted this to love up that's what will happen same the other way around on the downside. How about if you believe in bitcoin and cryptos longevity just incrementally buy, hold, and not care what the current price of btc is or it's short term moves.
Even for long term you cant still have that kind of assurance to put up on your mind and be confident on future years to time.There would be people whom would prefer on doing shorter trade on using up TA's most of the time.Just as said where its just like doing dart where those technicals would hit or miss.We cant say its totally wrong nor not possible but to think that going
that low wont surely happen as of these days.We dipped down but not able to break those lower supports.I wont be surprised if later on there would be some analysis saying breaking the ATH on next weeks to come.lol
There is tons of analysis pointing bitcoin wont come near $3k. I understand you put a lot of thought into it, but TA in crypto is more just a dart at the board at this point. When singular organizations can manipulate up or down the price all TA goes out the door. If the forces to be wanted this to love up that's what will happen same the other way around on the downside. How about if you believe in bitcoin and cryptos longevity just incrementally buy, hold, and not care what the current price of btc is or it's short term moves.
I do prefer charts as said above ^^ I dont use EW myself but I dont disagree with the idea of phases to price changes. Charts are just more accessible and I believe use a different part of the brain and to some extent we can all spot a pattern, a feasible trend but plain numbers or words can be more cryptic.
Some hate charts I know, partly thats unfamiliarity like the Japanese Candlesticks for example is actually a great aid and its plain data. I'll help anyone go through candlesticks if they want and it will help you every day to see data more quickly, I used to prefer line charts long ago.
TA is about probabilities, so its a bit of a dark art as they never state definites and people always want the absolute knowledge. We dont ever get certainty unfortunately and the judgement remains personal, partially from experience and recognition of previous price action.
I do need to see his chart but to be fair that is not a wall of text, he went to the trouble to punctuate and split his points into paragraphs.
I remember in the spring people saying its extremely unlikely to break the 200 week moving average, its not done this before. Hence the idea if we goto 3k then we are likely subject to a further reset, that fits.
Some hate charts I know, partly thats unfamiliarity like the Japanese Candlesticks for example is actually a great aid and its plain data. I'll help anyone go through candlesticks if they want and it will help you every day to see data more quickly, I used to prefer line charts long ago.
Sorry to say so, but I think technical analysis is most useless for such a prediction. It doesn't ring a bell to me that OP attached a link to promote something of his own after such a long wall of text that mostly consists of nonsense. Fake it till you make it. 
TA is about probabilities, so its a bit of a dark art as they never state definites and people always want the absolute knowledge. We dont ever get certainty unfortunately and the judgement remains personal, partially from experience and recognition of previous price action.
I do need to see his chart but to be fair that is not a wall of text, he went to the trouble to punctuate and split his points into paragraphs.
I remember in the spring people saying its extremely unlikely to break the 200 week moving average, its not done this before. Hence the idea if we goto 3k then we are likely subject to a further reset, that fits.
halving comming ; some traders does not know that prices can rise to over 75 percent in one day because of halving . people who learn about bitcoin know that bitcoin will reach 50000 usd per btc at latest by 2020 . but other dont love bitcoin for this reason they talk about crash
If the market goes to $3K, it's not stopping there. Too much time has passed for a proper double bottom. We've trapped too much supply at much higher prices. Like xxxx123abcxxxx, I would be aiming closer to the $1K-$1,200 range near the 2013 highs.
I'm still favoring a bullish outcome though. I see this June-November correction as similar to the November 2015-May 2016 correction. We may need to ride out this bearishness until the halving pump next quarter though.
I'm still favoring a bullish outcome though. I see this June-November correction as similar to the November 2015-May 2016 correction. We may need to ride out this bearishness until the halving pump next quarter though.
Looking at this weekly log chart of Bitcoin , you can CLEARLY see that BTC has printed five impulse waves up. The first wave began at it's creation, and the fifth wave ended at the high of 2017. Since then, BTC has clearly been in an ABC correction phase. I mentioned this as a possibility in the past, and here we can see that it really seems to be playing out.
it would really help if you shared your chart, for visualization purposes. we also can't tell if your wave count follows the rules/guidelines, so we can't tell how likely it is to be correct.
our resident EW analyst has a preferred count that puts us in primary wave 5: https://bitcointalksearch.org/topic/m.53171045
You may be wondering why the regression arc is so important. In my view, it's the primary technical formation projecting that BTC will rise to the hundreds-of-thousands range. If it is broken and not recovered, BTC may never reach those lofty targets of common belief.
why? in a wave 2 pullback, one would expect the trendline in wave 1 to be broken.
Well, I didn't start making use of Bitcoin because of the fact that I'm making money from it, my first reason was using it as a method of transaction and I also lol the technology. So even if I should wake up and the price of Bitcoin has dropped down to $0.00, as long as I can make a transaction with it, I will still continue to make use of it. The only time I will stop making use of cryptocurrency is if they happen to say that there is no more using it for transactions.
There are people who make use of stable coins (myself included) and they don't even bother about prices going up or not. Imagine the Libra project was a success, do you think people would use it for profit? No, they will use it for transaction. That's the same mindset we need to have when it comes to bitcoin. When I invest in Bitcoin I always invest what I can risk, so if there happens to be loss I'm sure it is something I can deal with.
There are people who make use of stable coins (myself included) and they don't even bother about prices going up or not. Imagine the Libra project was a success, do you think people would use it for profit? No, they will use it for transaction. That's the same mindset we need to have when it comes to bitcoin. When I invest in Bitcoin I always invest what I can risk, so if there happens to be loss I'm sure it is something I can deal with.
Lmao. All you have done is speculate without any evidence, yet you make it seem like you're some all knowing wizard of the charts 
Perhaps BTC will drop down to $3k momentarily. However, with the improved fundamentals as a result of the LN and cheaper transaction fees that it brings, I doubt that any price level that low will be sustained for a significant amount of time.
There's no reason to panic so hard or to say that BTC won't see five digits again. That's just pure FUD.
Perhaps BTC will drop down to $3k momentarily. However, with the improved fundamentals as a result of the LN and cheaper transaction fees that it brings, I doubt that any price level that low will be sustained for a significant amount of time.
There's no reason to panic so hard or to say that BTC won't see five digits again. That's just pure FUD.
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