We are about to hit 8K and below...soon (see charts) - page 4.

Hamphser

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Quote from: Russlenat on September 11, 2019, 01:53:11 AM

Forget about the chart, we will not again hit $8K anymore, the growth is good for now and we are stable at $10,000, probably that would be the least price we will see before the end of the year. There are some down trend, it's expected but I never saw in the past months that there are signs we will be bearish and go back to that price again.

Anyway, just like you ,it's just my opinion based my analysis, so I'm just hoping that you are wrong with your prediction.

I'm a little worried about it since the price of Bitcoin is starting to decrease each day and now it stop at $10,000. But if the price keep decreasing each day, the possibility of reaching $8,000 again is not impossible. How long does the market would act like this? Instead of breaking new resistance it's keeping its stable price between $10,000 and $11,000.

South Park

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Quote from: bitgolden on September 10, 2019, 08:55:14 AM

Quote from: South Park on September 09, 2019, 12:12:24 PM

Because each time we see that is becoming harder and harder for the price to bounce back, the price is producing new lower highs, the volume is going down and the volatility is going down as well, so when you take all of this into account I do not see how the current price can be sustained, as such it is completely reasonable to expect a decrease in the price of bitcoin during the next months, but do not worry it is not going to be a crash or anything like that, however there are good reasons to be bullish about the prospects of bitcoin during 2020.

All the time that we have seen bitcoin increase, the volume has never really been an indicator for us, we see huge increase, and we see that volume is still like almost the same and only climbed by little, so in bitcoin increase, anything could really happen at any time, but with all the development that is n ground, and the bakkt that is expected to be released this month.

I am not sure that we will see anything that will drag us low to $8000 again; we might still be seeing some corrections that will drop up a little bit down to the range of $9000 but will never cross the path of $8000 again. Very soon, most of the projects that has been developed will start playing its part in the increase of bitcoin when they are being released gradually into the market.

We are at a point in the market where the only thing we can do is to wait and see what happens, I understand your points and they make sense but I see the charts by myself and I think I have a point as well so the market is giving mixed signals, however I still believe that any chance of a bull run during the next months is extremely low since the market is showing more and more weakness after each decrease in the price and as soon as the bulls pressure diminishes the bears will take control of the market.

greensheep

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Long term bullish, but I think we need to go a bit lower to be able to get higher.
Buy back reactions (around 9,5) have each time been less strong.

I have the feeling most people are bullish.
Zooming out there was parabolic (3k - 13k) rise which not a lot of people expected. (certainly not me)
Maybe there will be a longer correction than expected.
with BTC expect the unexpected.

Nobody knows exactly but with the halving coming up, this is al noise.

Russlenat

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Forget about the chart, we will not again hit $8K anymore, the growth is good for now and we are stable at $10,000, probably that would be the least price we will see before the end of the year. There are some down trend, it's expected but I never saw in the past months that there are signs we will be bearish and go back to that price again.

Anyway, just like you ,it's just my opinion based my analysis, so I'm just hoping that you are wrong with your prediction.

pooya87

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those seeing Triangles in the current chart and expecting big falls should really check out the recent "Triangles" that we had that led to many expecting the same thing. the part is in between December 20 (2018) to February 7 (2019) when people were expecting $1000 just because some lines on their charts told them so. guess what happens on February 8?

exstasie

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Quote from: crashoveride54902 on September 10, 2019, 01:07:17 PM

We are in a descending triangle. We are safe as long as we don't break bellow $9300 and I think the support there is strong enough. So I think it's more likely that Bitcoin will break the triangle upwards. Anyway, all will be decided soon - before October 10th.

Triangles are prone to head fakes before the real breakout occurs. I wouldn't be surprised if there is a wick/stop run below that level or even into the $8,000s to shake out weak longs and trap shorts.

On the weekly and monthly charts, this looks like an obvious bullish consolidation, a bull flag of sorts. I'm confident we'll be breaking upwards by October, but it's hard to say what will happen in the next couple weeks. It could just be more boring sideways.

Mahanton

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Quote from: Wilhelm on September 04, 2019, 01:33:11 PM

NostraAnus the $8k prophet of BTCears Shocked

Thanks for making my day. Grin

Quote from: crashoveride54902 on September 10, 2019, 01:07:17 PM

We are in a descending triangle. We are safe as long as we don't break bellow $9300 and I think the support there is strong enough. So I think it's more likely that Bitcoin will break the triangle upwards. Anyway, all will be decided soon - before October 10th.

When btc price plummets this current day going sub 10k price.I thought that we would already gradually heading down to 8k.
I had able to read up other threads of OP but that one didnt able to have that full precise prediction and now he had set up
some unknown timelines for him not to be bashed.lol

STT

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All the behavior I observe is where I expect it to be selling off. It can act differently but so far I just think it should confirm that downside, meet support if any and then make an attempt to rise possibly. I dont think right now its going to turn positive until sellers are satisifed and perhaps some shorts close out/buyers come speculating on a rise again.

This is just the daily chart for a few days, simple take would be to at least expect 10,000 and check reaction when we get there. 10.5k is roughly 50 day, on other time frames also I think some pullback is reasonable. For bigger moves down we have to zoom out and take a longer look.

crashoveride54902

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We are in a descending triangle. We are safe as long as we don't break bellow $9300 and I think the support there is strong enough. So I think it's more likely that Bitcoin will break the triangle upwards. Anyway, all will be decided soon - before October 10th.

romero121

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Based on the twenty and fifty days moving average there is more chances for good growth, and bitcoin at present seems to get traded around $10400. The two hundred day moving average seems to form a down triangle, where the market RSI is predicted to break the down triangle and grow. This might reach upto $15000. If this happens surely there is more chances for the price of bitcoin reach its new ath.

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Quote from: Reid on September 09, 2019, 09:29:05 PM

Quote from: shield132 on September 04, 2019, 10:48:35 AM

By the way that chart doesn't mean that it have to create straight 45 degree angle.
Maybe I want to be positive because otherwise it will be really, really bad, another fall and even below 8K? After so many months we still fight to reach higher than 10k, hit 13k sometimes and then fall on 9k, I think it's time to let this scenario end because otherwise positive feelings will go down too.
Idk, maybe we will see 8k but it sucks.

I agree.
And he didn't even tell when it will happen.
It could be in the next 5 years. So no need to worry at all.
Plus this is just a prediction, anything could happen in the crypto world. Besides, if it does happen sooner then it will give a great opportunity to some buyers to come in at a cheaper price.
I might buy at that price seeking some profits afterwards. Grin

Obviously this is more safer thread than what he had in the last month when he predicted that we will be dropping by September fifth yet he fails .so now he created a new one and with much safer thread

Quote from: RodeoX on September 06, 2019, 01:47:32 PM

PRO-TIP: all bitcoin TA and speculation is just guessing. Nothing more to it than that. Wink

It is literally impossible to account for enough of the economic activity in crypto to generate any meaningful numbers. There is still nothing wrong with it. Guessing is fun.

And that’s the reality mate speculations are guessing and nothing can be truthful until it happen(in which very rare to happen and only once in a million who predicted rightfully)

bitgolden

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Quote from: South Park on September 09, 2019, 12:12:24 PM

Quote from: tomahawk9 on September 06, 2019, 06:43:01 AM

LOL it's Friday and the price is going up, as expected from the majority of users. If the trend continues we'll hit 11k in a few hours Cool

How can some people expect a bearish season with these sort of price movements? *sigh*

Because each time we see that is becoming harder and harder for the price to bounce back, the price is producing new lower highs, the volume is going down and the volatility is going down as well, so when you take all of this into account I do not see how the current price can be sustained, as such it is completely reasonable to expect a decrease in the price of bitcoin during the next months, but do not worry it is not going to be a crash or anything like that, however there are good reasons to be bullish about the prospects of bitcoin during 2020.

All the time that we have seen bitcoin increase, the volume has never really been an indicator for us, we see huge increase, and we see that volume is still like almost the same and only climbed by little, so in bitcoin increase, anything could really happen at any time, but with all the development that is n ground, and the bakkt that is expected to be released this month.

I am not sure that we will see anything that will drag us low to $8000 again; we might still be seeing some corrections that will drop up a little bit down to the range of $9000 but will never cross the path of $8000 again. Very soon, most of the projects that has been developed will start playing its part in the increase of bitcoin when they are being released gradually into the market.

Reid

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Quote from: shield132 on September 04, 2019, 10:48:35 AM

By the way that chart doesn't mean that it have to create straight 45 degree angle.
Maybe I want to be positive because otherwise it will be really, really bad, another fall and even below 8K? After so many months we still fight to reach higher than 10k, hit 13k sometimes and then fall on 9k, I think it's time to let this scenario end because otherwise positive feelings will go down too.
Idk, maybe we will see 8k but it sucks.

I agree.
And he didn't even tell when it will happen.
It could be in the next 5 years. So no need to worry at all.
Plus this is just a prediction, anything could happen in the crypto world. Besides, if it does happen sooner then it will give a great opportunity to some buyers to come in at a cheaper price.
I might buy at that price seeking some profits afterwards. Grin

South Park

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Quote from: tomahawk9 on September 06, 2019, 06:43:01 AM

Quote from: N0sferatu on September 06, 2019, 02:29:52 AM

Quote from: DrBitcoin on September 04, 2019, 10:04:52 AM

No way we are breaking positive from this descending triangle IMO.

Fake news! Grin

LOL it's Friday and the price is going up, as expected from the majority of users. If the trend continues we'll hit 11k in a few hours Cool

How can some people expect a bearish season with these sort of price movements? *sigh*

Because each time we see that is becoming harder and harder for the price to bounce back, the price is producing new lower highs, the volume is going down and the volatility is going down as well, so when you take all of this into account I do not see how the current price can be sustained, as such it is completely reasonable to expect a decrease in the price of bitcoin during the next months, but do not worry it is not going to be a crash or anything like that, however there are good reasons to be bullish about the prospects of bitcoin during 2020.

peter0425

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After f the September 5th prediction now we have new one,but this is more safer than before because atleast now we have no specific date so whenever it happens the prediction will comes reality 😂

When I read your first thread I come to think of selling part of my bitcoin for safe keep but lucky that I did not act too fast because maybe I regret the action today(I’m not saying that I don’t believe or trust you mate I was just being true here)

Anyway still looking the market from time to time so I will be updated Incase what you’ve said will happen

Quote from: Wilhelm on September 06, 2019, 07:04:11 AM

That's what happens if you use your full-ass instead of half-ass for predictions...

We seem to be going up.... Wink

Many of us believe that we really are in Bullmarket and anytime soon Growh is what we will having 👍👍👍

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Quote from: exstasie on September 06, 2019, 02:18:51 PM

Quote from: RodeoX on September 06, 2019, 01:47:32 PM

PRO-TIP: all bitcoin TA and speculation is just guessing. Nothing more to it than that. Wink

It is literally impossible to account for enough of the economic activity in crypto to generate any meaningful numbers. There is still nothing wrong with it. Guessing is fun.

There are guesses and there are educated guesses. Good TA practitioners fall in the second category. They acknowledge that markets are unpredictable, for exactly the reason you mention: markets are composed of millions of variables and no one can account for them all. But I strongly believe (as someone who has traded successfully for almost a decade) that rigorous application of back-tested TA methods can achieve success > 50% of the time. Over the long run, that will equate to a sustainable win rate for traders who employ proper risk management.

The mentioned back-tested strategies are based on the strategies which generated after analyzing the price patterns. If the market repeats the cycles and bull-bear zones are crossed several times in a year, having a long term trading strategy is not enough in this case. The market bias happens at the every opportunity caused by the weakness of the bulls or bears. If there is no bias exploring market strategy, choosing the timeframe for short/long term trading will not help the trader. Just my 2 cents.

exstasie

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Quote from: RodeoX on September 06, 2019, 01:47:32 PM

PRO-TIP: all bitcoin TA and speculation is just guessing. Nothing more to it than that. Wink

It is literally impossible to account for enough of the economic activity in crypto to generate any meaningful numbers. There is still nothing wrong with it. Guessing is fun.

There are guesses and there are educated guesses. Good TA practitioners fall in the second category. They acknowledge that markets are unpredictable, for exactly the reason you mention: markets are composed of millions of variables and no one can account for them all. But I strongly believe (as someone who has traded successfully for almost a decade) that rigorous application of back-tested TA methods can achieve success > 50% of the time. Over the long run, that will equate to a sustainable win rate for traders who employ proper risk management.

RodeoX

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PRO-TIP: all bitcoin TA and speculation is just guessing. Nothing more to it than that. Wink

It is literally impossible to account for enough of the economic activity in crypto to generate any meaningful numbers. There is still nothing wrong with it. Guessing is fun.

exstasie

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Quote from: DrBitcoin on September 06, 2019, 06:23:37 AM

Predicting something will go down isn’t necessarily FUD.
Value goes up, value goes down.
Nothing goes up in a straight line.

I believe Bitcoin will hit 60-100K in a few years.

But first I think it will hit 8K.

How is that FUD?

Of course it's not. But you're talking to emotional investors with deep set biases. For some of these HODLers, any prediction of lower prices is "FUD" and anyone dumping on the market is a "manipulator." There's no helping these people. They don't know the first thing about markets.

Quote from: Wilhelm on September 06, 2019, 07:04:11 AM

We seem to be going up.... Wink

Not yet. Bears are still defending the descending trend line as the OP expected. Tongue

sana54210

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Now, if you are FOMO about bitcoin enough to call it 60-100k one day, and you still think it will reach 8k soon that means you believe in the fact that bitcoin has to go up by closing all the gaps bottom first before it can go upside. That has been said by many chart wizards before and you guys keep believing that and I can respect that.

However, do not forget that bitcoin moved from 3k to 20k in 2017 and during that time it didn't closed anything, now you can call the reason for dropping so fastly was not closing the gaps while going up or you can call so much fast going hurts us in the long run but that doesn't change the fact that it happened, that is why I think we don't have to go down to 8k to go back up, it would be better but we do not "have to" do it.

Topic: We are about to hit 8K and below...soon (see charts) - page 4. (Read 4031 times)