Was $17.5K the low? - page 3. | Bitcointalksearch.org

buwaytress

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Quote from: dragonvslinux on July 08, 2022, 10:41:55 AM

Quote from: boltz on July 07, 2022, 10:55:17 AM

It Bitcoin breaks the 22.5k$ , then we have a pretty decent chance to move towards 30k again but personally I have big doubts that this sudden small rise in price could be another bear trap that won't break even the 22k range and it just go back under 20k$. Besides this , Bitcoin should break 21.7$ mark that happened in June 26th and yet again , the charts looking more like bearish than bullish...

Very true, for many waiting for a Weekly close above 200WMA will be the better long-term confirmation, whether this be at $23K or $25K becomes irrelevant. While price did get rejected by $22.5K in the short-term, the bullish momentum remains in tact and there are definitely buyers continuing to push prices higher right now. Temporary rejection between the 200WMA and 50 Month MA was to be expected.

Saw your RSI chart, definitely looks promising if Bitcoin does leave oversold area but it does need to close AND conclude consecutive weekly closes above that 200wma for confidence to pour back in. The volume, which is usually what helps me see the light, is actually the more encouraging point. However, there are enough warnings for a fakeout as well... Not least the exchange inflows preceding.

dragonvslinux

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Quote from: boltz on July 07, 2022, 10:55:17 AM

It Bitcoin breaks the 22.5k$ , then we have a pretty decent chance to move towards 30k again but personally I have big doubts that this sudden small rise in price could be another bear trap that won't break even the 22k range and it just go back under 20k$. Besides this , Bitcoin should break 21.7$ mark that happened in June 26th and yet again , the charts looking more like bearish than bullish...

Very true, for many waiting for a Weekly close above 200WMA will be the better long-term confirmation, whether this be at $23K or $25K becomes irrelevant. While price did get rejected by $22.5K in the short-term, the bullish momentum remains in tact and there are definitely buyers continuing to push prices higher right now. Temporary rejection between the 200WMA and 50 Month MA was to be expected.

boltz

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It Bitcoin breaks the 22.5k$ , then we have a pretty decent chance to move towards 30k again but personally I have big doubts that this sudden small rise in price could be another bear trap that won't break even the 22k range and it just go back under 20k$. Besides this , Bitcoin should break 21.7$ mark that happened in June 26th and yet again , the charts looking more like bearish than bullish...

BuNga_cute

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Quote from: Smack That Ace on July 06, 2022, 10:16:31 AM

Quote from: FlamingFingers on July 04, 2022, 12:06:54 PM

If you are the type that always like to long, rather than shorting, my advice to you would be that you should consider more shorting this time around because we are in the bear market, for now the whales are destroying almost every technical analysis with their manipulation, I strongly have the belief in my opinion though that bitcoin will definitely go below 17.5k, that's not the low, you guys should be watchful of the ending of this month July, its really gonna be a huge blow for those who long, new all time low for the year is coming, don't over leverage!

There are those who predict bitcoin will drop below 17k or even 15k, but no one is certain about the outcome.
At this point if we are still waiting and not buying is not a good idea, for me bitcoin has dropped more than 70% in value is suitable to start buying. DCA is a method that always works in any bear market so my advice is to buy now and dca every time bitcoin price drops more.

Everyone is free to determine the lowest price of Bitcoin, but no one is 100% sure that his prediction will be correct. Because the reality is that
the price of Bitcoin is difficult to predict, and Bitcoin often moves not according to our predictions. Therefore we should not delay buying Bitcoin
just because Bitcoin has not reached the lowest price target according to our predictions. If that's the case, we will definitely regret missing
the opportunity to buy Bitcoin at a low price, if the Bitcoin price is suddenly bullish.

Because if we understand that our predictions are not necessarily correct, then we have to buy Bitcoin from now on, which is where the actual
Bitcoin price is now very low. Because Bitcoin is down by 70% like you said, although there is actually a possibility that the price of Bitcoin will
still fall even lower, therefore the best solution is to buy Bitcoin gradually. This means that it is better for us to buy Bitcoin every time the price
drops, rather than buying Bitcoin at a certain price with all the capital we have.

Minecache

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Quote from: Tomohisa on July 04, 2022, 11:10:37 AM

Quote from: wxa7115 on July 03, 2022, 12:22:18 PM

Quote from: fzkto on July 01, 2022, 08:10:52 AM

It seems to me that there is no point in guessing where the bottom is now, because if it hasn't happened yet, there will probably be a rebound soon. It is unlikely that bitcoin will suffer the fate of the dotcoms, so I don't think the price will return to very low levels. Even if we have to see 10k, I am sure it will not be long and will be a very good opportunity to buy more bitcoin.

I agree, bitcoin is the Google or the Amazon of the dot com bubble, they went down in value during that time but then they recovered, and if we take a look at the charts of those two companies the dot com bubble now seems like nothing but a small drop.

So the same will happen with bitcoin, however it is going to take some time before the recovery begins and since that is the case then we need to take advantage of the circumstances and buy bitcoin as long as it is available for such a low price.

Yes, I think we might see Bitcoin drops more but this isn't over for Bitcoin. If anything we've learned over the crypto market, dip and hard correction is a normal part of its cycle. If today we're bear then one or two more years, we'll back to bear. Those who see the market now, feel disappointed and rage quit are missing a big chance. 17.5K is the lowest now, maybe it will go lower than that but everyone has to agree there is a high chance it will back to higher in the next few years.

The prediction of the bottom of bitcoin is useless, and in the worst case scenario bitcoin will probably fall to 10k during this bear season, but what is important is to not give up and not to sell, even if the price of our assets is dropping dramatically. As a general rule, bullish and bearish markets are immutable laws of the financial markets and the greater the decline in a market, the greater the increase in the market. Holding is the only key to success.

Sebas.tian

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I hope so, if the price drops again below $ 17k then the opportunity to fall more deeply, maybe it will drop below $ 10K and so on, today the market drop is more than 3% and I hope that it will not be below $ 20k, this is which sometimes makes investors impatient and choose cut loss.

I don't think, the price will drop below $20,000 in this season because the green light is about to remain stable through out this year 2022. I believe, is never too late to buy a huge amount of Bitcoin because the price is still low for any investors to buy and hold for the price to hit back $45,000 before you can sell to make a passive incomes. I think, many has used the opportunity to buy bitcoins when the price dropped down to $17,000 few months ago to hold and watch when the price will increase higher in the market before they can release them for sale.

Smack That Ace

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Quote from: FlamingFingers on July 04, 2022, 12:06:54 PM

If you are the type that always like to long, rather than shorting, my advice to you would be that you should consider more shorting this time around because we are in the bear market, for now the whales are destroying almost every technical analysis with their manipulation, I strongly have the belief in my opinion though that bitcoin will definitely go below 17.5k, that's not the low, you guys should be watchful of the ending of this month July, its really gonna be a huge blow for those who long, new all time low for the year is coming, don't over leverage!

There are those who predict bitcoin will drop below 17k or even 15k, but no one is certain about the outcome.
At this point if we are still waiting and not buying is not a good idea, for me bitcoin has dropped more than 70% in value is suitable to start buying. DCA is a method that always works in any bear market so my advice is to buy now and dca every time bitcoin price drops more.

Jating

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Quote from: nicedreams on July 03, 2022, 02:36:00 PM

Since it was not sitting at $19k, only shy a little more away from $17.5k, I say it going to break that price and set a lower price. Though, $19k seems like the resistance point for BTC right now. Keep seeing any time it hit lower than $19k, strong buying to drive the price back up. Maybe someone DCA at that point? What would happen when it finally breaks the $19k?

DCA is one of the best strategy you can implore in this kind of situation. Regardless if we are going down below $17,500, you can make a lot of profit in the future, just go long or at least have the mentality to hold as long as you can. It might be tough for some of us, but definitely doable.

Yes, there is a possibility that it can really drop in the coming months, but it doesn't mean that bitcoin is going to die or something to that effect. Again it's going to be a mental game going to the next bull run.

FlamingFingers

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If you are the type that always like to long, rather than shorting, my advice to you would be that you should consider more shorting this time around because we are in the bear market, for now the whales are destroying almost every technical analysis with their manipulation, I strongly have the belief in my opinion though that bitcoin will definitely go below 17.5k, that's not the low, you guys should be watchful of the ending of this month July, its really gonna be a huge blow for those who long, new all time low for the year is coming, don't over leverage!

Tomohisa

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Quote from: wxa7115 on July 03, 2022, 12:22:18 PM

Quote from: fzkto on July 01, 2022, 08:10:52 AM

It seems to me that there is no point in guessing where the bottom is now, because if it hasn't happened yet, there will probably be a rebound soon. It is unlikely that bitcoin will suffer the fate of the dotcoms, so I don't think the price will return to very low levels. Even if we have to see 10k, I am sure it will not be long and will be a very good opportunity to buy more bitcoin.

I agree, bitcoin is the Google or the Amazon of the dot com bubble, they went down in value during that time but then they recovered, and if we take a look at the charts of those two companies the dot com bubble now seems like nothing but a small drop.

So the same will happen with bitcoin, however it is going to take some time before the recovery begins and since that is the case then we need to take advantage of the circumstances and buy bitcoin as long as it is available for such a low price.

Yes, I think we might see Bitcoin drops more but this isn't over for Bitcoin. If anything we've learned over the crypto market, dip and hard correction is a normal part of its cycle. If today we're bear then one or two more years, we'll back to bear. Those who see the market now, feel disappointed and rage quit are missing a big chance. 17.5K is the lowest now, maybe it will go lower than that but everyone has to agree there is a high chance it will back to higher in the next few years.

Sebas.tian

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Today the market gets a big test, the price of Bitcoin is $ 19K and the opportunity to fall again is very large, but if you look at the previous trend then I am optimistic that the price will not drop below $ 17.5k, maybe tomorrow or the day after tomorrow will enter $ 18k but I'm sure soon soon go up again and return to $ 20k.

We are still in the bearish market, which many people are still finding it difficult to understand in this season. I think, the price will not drop more than $17,000 before it will hit back to $50,000 for people to start earning from their investment. I believe, this is the last time we are going to experience bear market because there are still opportunity for people to buy more of bitcoins and hold for the price to move higher before the end of this month before they can earn well from the market. Bitcoin price will definitely increase higher before the end of this year 2022, for people to stop panicking about the bear market that is causing people losses in the community.

nicedreams

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Since it was not sitting at $19k, only shy a little more away from $17.5k, I say it going to break that price and set a lower price. Though, $19k seems like the resistance point for BTC right now. Keep seeing any time it hit lower than $19k, strong buying to drive the price back up. Maybe someone DCA at that point? What would happen when it finally breaks the $19k?

wxa7115

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Quote from: fzkto on July 01, 2022, 08:10:52 AM

It seems to me that there is no point in guessing where the bottom is now, because if it hasn't happened yet, there will probably be a rebound soon. It is unlikely that bitcoin will suffer the fate of the dotcoms, so I don't think the price will return to very low levels. Even if we have to see 10k, I am sure it will not be long and will be a very good opportunity to buy more bitcoin.

I agree, bitcoin is the Google or the Amazon of the dot com bubble, they went down in value during that time but then they recovered, and if we take a look at the charts of those two companies the dot com bubble now seems like nothing but a small drop.

So the same will happen with bitcoin, however it is going to take some time before the recovery begins and since that is the case then we need to take advantage of the circumstances and buy bitcoin as long as it is available for such a low price.

fzkto

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It seems to me that there is no point in guessing where the bottom is now, because if it hasn't happened yet, there will probably be a rebound soon. It is unlikely that bitcoin will suffer the fate of the dotcoms, so I don't think the price will return to very low levels. Even if we have to see 10k, I am sure it will not be long and will be a very good opportunity to buy more bitcoin.

barbara44

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Quote from: tygeade on June 30, 2022, 06:35:07 AM

I hope for the same thing, in fact I am 99% sure that everyone who holds bitcoin right now probably hopes for the same thing as well. However, just in case that it doesn't happen, we should also realize that the best thing to do right now would be getting ready for a big drop, not that we would want it to happen but we need to be ready if it happens.

I personally stashed some BUSD aside, not a lot but good enough to enter one more time which means that if it ever drops then I would be there to get in, and drop my average a bit more down. If it doesn't happen then I already have a good chunk of btc, which means I would be profiting from the increase anyway.

That is the better method for sure. There are tons of people out there who think that they could do as well as they imagine with the drop they could get a huge amount right away now and they would get a huge profit right away. If they could instead sit down and just think, they will realize that being ready for any case would be a better method.

I personally live all my life as a calculation of investments, what would happen if I do this, what would happen if I do that. It's like chess to me, and yes sometimes I lose, and that's normal because you can't win them all but usually if you are ready for everything then you are going to end up winning.

Wong Gendheng

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Today the market gets a big test, the price of Bitcoin is $ 19K and the opportunity to fall again is very large, but if you look at the previous trend then I am optimistic that the price will not drop below $ 17.5k, maybe tomorrow or the day after tomorrow will enter $ 18k but I'm sure soon soon go up again and return to $ 20k.

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Quote from: Silberman on June 29, 2022, 01:35:52 PM

Quote from: Ultegra134 on June 26, 2022, 03:19:00 PM

Quote from: boltz on June 23, 2022, 07:22:05 AM

so we need to exercise caution and hold our coins no matter what, as right now it does not make sense to sell our coins at all.

You end up 2 years of suffering if you didn't do cut loss if you want to trade to gain on current market condition. Waiting for next halving while your money stuck is so hard especially if we don't have enough money to spend to use upon buying more cheap bitcoins. I prepare to sell when it needed and plan for the next action because from this we will get a high chance of recover especially if we buy the top tier coins listed in the market.

tygeade

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Quote from: ethereumhunter on June 29, 2022, 10:06:11 AM

Quote from: Mario Yamasaki on June 29, 2022, 01:02:32 AM

I hope so, if the price drops again below $ 17k then the opportunity to fall more deeply, maybe it will drop below $ 10K and so on, today the market drop is more than 3% and I hope that it will not be below $ 20k, this is which sometimes makes investors impatient and choose cut loss.

Hopefully, the price doesn't drop below $20k and stays at $20k. Hopefully with the decline in bitcoin prices this time it won't make investors panic and choose a cut loss and can survive in this situation. There is much more hope that we would like to convey that the market doesn't fall too deep because if that happens again, there may be people who will sell their bitcoins quickly because they don't want to see the value of their investment drop any further.

I hope for the same thing, in fact I am 99% sure that everyone who holds bitcoin right now probably hopes for the same thing as well. However, just in case that it doesn't happen, we should also realize that the best thing to do right now would be getting ready for a big drop, not that we would want it to happen but we need to be ready if it happens.

I personally stashed some BUSD aside, not a lot but good enough to enter one more time which means that if it ever drops then I would be there to get in, and drop my average a bit more down. If it doesn't happen then I already have a good chunk of btc, which means I would be profiting from the increase anyway.

Silberman

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Quote from: Ultegra134 on June 26, 2022, 03:19:00 PM

Quote from: boltz on June 23, 2022, 07:22:05 AM

In my opinion , the end of the summer should decide the next cycle of Bitcoin price as usually it was like this on the previous bear periods so in this case 2 scenarios can happen :

1. Bitcoin will drop at the end of the summer under 15k and most likely keep dropping for the rest of the year.

2. Bitcoin will maintain the current price of 20k$ at the end of the summer and most likely will drop during the winter and beginning of the new year.

Now , you might ask yourselves, why 2 dump scenarios ? I really cannot see Bitcoin moving up in price this year and even more , I do see Bitcoin going down even in 2023. Will it recover ? I have no doubts that bitcoin will surpass at some point the new ATH that we have right now but.

I also share a similar view with you. I find it hard to believe that $17.500 was actually the bottom, and expect Bitcoin to crash even further in the near future. Likewise, I can't predict nor say when that'll happen, but I'm pretty positive that it will. Secondly, it's highly doubtful that we'll see any positive change within the next few months or even a couple of years, things aren't going to change for the better if the situation doesn't improve (high inflation, continuous war etc.).

Taking into consideration that bitcoin went through a bull run when we were in the most difficult part of the pandemic then I think that it has the potential of growing even during an economic crisis, however for that we need the halving and since such an event it is not going to happen until 2024 then we still have at least one year or one year and a half of difficult market conditions we need to endure, so we need to exercise caution and hold our coins no matter what, as right now it does not make sense to sell our coins at all.

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Quote from: Mario Yamasaki on June 29, 2022, 01:02:32 AM

I hope so, if the price drops again below $ 17k then the opportunity to fall more deeply, maybe it will drop below $ 10K and so on, today the market drop is more than 3% and I hope that it will not be below $ 20k, this is which sometimes makes investors impatient and choose cut loss.

Hopefully, the price doesn't drop below $20k and stays at $20k. Hopefully with the decline in bitcoin prices this time it won't make investors panic and choose a cut loss and can survive in this situation. There is much more hope that we would like to convey that the market doesn't fall too deep because if that happens again, there may be people who will sell their bitcoins quickly because they don't want to see the value of their investment drop any further.

Topic: Was $17.5K the low? - page 3. (Read 989 times)