We seem to be going up....
Topic: We are about to hit 8K and below...soon (see charts) - page 5. (Read 4031 times)
That's what happens if you use your full-ass instead of half-ass for predictions...
We seem to be going up....
We seem to be going up....
No way we are breaking positive from this descending triangle IMO.
Fake news!
How can some people expect a bearish season with these sort of price movements? *sigh*
I have said this in one of my reply recently that may people who are clamuring or spreading FUD for Bitcoin to fall are all doing so because they have missed opportunity to buy bitcoin when its value was cheaper as compared to what it is today and that is why they are trying one way or the other to spread FUD and create panic sell on the part of Bitcoin holders which will invariably lead to price decline but will not work for them.
I have said this in one of my reply recently that may people who are clamuring or spreading FUD for Bitcoin to fall are all doing so because they have missed opportunity to buy bitcoin when its value was cheaper as compared to what it is today and that is why they are trying one way or the other to spread FUD and create panic sell on the part of Bitcoin holders which will invariably lead to price decline but will not work for them.
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?
No way we are breaking positive from this descending triangle IMO.
Fake news!
That's a clear descending triangle and its primarily a bearish pattern
Yeah but it's not the most reliable bearish pattern. I won't be surprised if the descending trend line gets broken.
There was a small selloff after tagging the trend line yesterday, but we're still hovering right below it. Bears haven't been convincing, and the mystery trader on Coinbase who market buys into dump attempts was active earlier today:
That's a clear descending triangle and its primarily a bearish pattern
Yeah but it's not the most reliable bearish pattern. I won't be surprised if the descending trend line gets broken.
There was a small selloff after tagging the trend line yesterday, but we're still hovering right below it. Bears haven't been convincing, and the mystery trader on Coinbase who market buys into dump attempts was active earlier today:
Be very cautious people. We will see 8K within the next few weeks. Not by sept 5th. But soon.
Sentiment feels negative. This thing is breaking down soon...on its way back to 20K.
No way we are breaking positive from this descending triangle IMO.
Sentiment feels negative. This thing is breaking down soon...on its way back to 20K.
No way we are breaking positive from this descending triangle IMO.
Why we cant break positively out of this triangle? Any reasons? At end of triangle in November we could simply make a leg up. And until then price should stay between $9500 and $11000. Seems totally possible to me.
Why are you trying to calculate bear all the time though? I mean you do know you can predict bull as well right?
First time you got it right and we dropped under 10k on the nose so I would give you the benefit of the doubt but at the same time you said today was the day we would go down and we didn't which means maybe you shouldn't have went for back to back bears, now you are doing back to back to back bears.
I mean I am not saying 8k is not possible, it is quite possible because we go down under 10k all the time and it just stops at 9.4k or whatever so we can just lose another 500 dollars and I wouldn't be shocked about it but at the same time I would say we will go above 10k once again after that so that is my own prediction which is a bull one, you can make those too.
First time you got it right and we dropped under 10k on the nose so I would give you the benefit of the doubt but at the same time you said today was the day we would go down and we didn't which means maybe you shouldn't have went for back to back bears, now you are doing back to back to back bears.
I mean I am not saying 8k is not possible, it is quite possible because we go down under 10k all the time and it just stops at 9.4k or whatever so we can just lose another 500 dollars and I wouldn't be shocked about it but at the same time I would say we will go above 10k once again after that so that is my own prediction which is a bull one, you can make those too.
That's a clear descending triangle and its primarily a bearish pattern but the thing is before even we predict that it will fall down we must know that it will breakdown first and until now both the bulls and bears are out in favor on this cobsolidation stage since we have seen the trading volume greatly decrease. This conso might even overextend and make the triangle invalid when it starts picking up steam again. Nothing is set in stone just because it is now forming a descending triangle.
Isn't it the Bakkt will start it's warehouse deposit today?
I think this is a good news so I doubt that $8k is going to be the next price level.
It's tomorrow, but yeah, that's what i said in my previous (that such news could trigger some upward movement). With all the news coming out this month, I don't know why some people still have a bearish mindset thinking that we're gonna go back to levels we haven't seen in over 3 months. If anything we should all be prepared to enter a bull season that''s about to start in Q4. I think this is a good news so I doubt that $8k is going to be the next price level.
Op,I'm sad that you are using your whole ass,because it's obvious that your are making price predictions with your ass,not with your brain.
The bitcoin price is moving back and forth in the 9.5-10.5K USD window during the last few weeks.It's common sense to expect that it might crash to 8K USD,because it's obvious that it doesn't have enough support for a big increase.
The bitcoin price is moving back and forth in the 9.5-10.5K USD window during the last few weeks.It's common sense to expect that it might crash to 8K USD,because it's obvious that it doesn't have enough support for a big increase.
There is support for an increase however there are also forces holding it back.
The forces holding it back could also be people selling off big amounts of bitcoin slowly so they get the $10k they crave.
IMO it is a correction however not by lowering the price but by waiting for Bitcoin to get back into its "glide" path.
Op,I'm sad that you are using your whole ass,because it's obvious that your are making price predictions with your ass,not with your brain.
The bitcoin price is moving back and forth in the 9.5-10.5K USD window during the last few weeks.It's common sense to expect that it might crash to 8K USD,because it's obvious that it doesn't have enough support for a big increase.
The bitcoin price is moving back and forth in the 9.5-10.5K USD window during the last few weeks.It's common sense to expect that it might crash to 8K USD,because it's obvious that it doesn't have enough support for a big increase.
Isn't it the Bakkt will start it's warehouse deposit today?
I think this is a good news so I doubt that $8k is going to be the next price level.
So market sentiments is good today, let's see how it will affect the price in the next few weeks to really invalidate that descending triangle and break for a new trading pattern after this one.
I think this is a good news so I doubt that $8k is going to be the next price level.
So market sentiments is good today, let's see how it will affect the price in the next few weeks to really invalidate that descending triangle and break for a new trading pattern after this one.
According to Coindesk....
On Sept 6, our Warehouse will begin offering secure storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Daily & Monthly Futures when they launch on Sept 23
Strangely nothing on their site and twitter ....
Isn't it the Bakkt will start it's warehouse deposit today?
I think this is a good news so I doubt that $8k is going to be the next price level.
So market sentiments is good today, let's see how it will affect the price in the next few weeks to really invalidate that descending triangle and break for a new trading pattern after this one.
I think this is a good news so I doubt that $8k is going to be the next price level.
So market sentiments is good today, let's see how it will affect the price in the next few weeks to really invalidate that descending triangle and break for a new trading pattern after this one.
and this is just as unlikely as the previous time since again you are making the same guess as i said it in your other topic too but this time you included some pictures to add some weight to that guess.
last time around it was damn near impossible since he only gave a 48 hour time window. this time he gave himself a month. on that basis alone, he's got a much better shot.
right now the market sentiment is not bearish to expect such drops. and on top of that because the last drop ended up with a reversal of going back to above $1.5k that means day traders no longer expect big drops so the buy support this time is going to be stronger than last which makes any further drops that much more unlikely.
bitcoin also fell $3000 over the course of august. ($12.3k to $9.3k) i see strong moves in both directions. i want to see the upper bound of that triangle convincingly broken before assuming the bulls have won.
Why are all the, "We are about to crash soon" topics good to hear? Because by the dip, and HODL, that's why.
Thank you, OP. Is this topic representative of the time extension you needed?
Thank you, OP. Is this topic representative of the time extension you needed?
and this is just as unlikely as the previous time since again you are making the same guess as i said it in your other topic too but this time you included some pictures to add some weight to that guess.
right now the market sentiment is not bearish to expect such drops. and on top of that because the last drop ended up with a reversal of going back to above $1.5k that means day traders no longer expect big drops so the buy support this time is going to be stronger than last which makes any further drops that much more unlikely.
right now the market sentiment is not bearish to expect such drops. and on top of that because the last drop ended up with a reversal of going back to above $1.5k that means day traders no longer expect big drops so the buy support this time is going to be stronger than last which makes any further drops that much more unlikely.
That is not even call for alarm for me, because I will be one of the happiest person if we see $8k again, I would just see it as an opportunity that was specially designed for me to buy this coins at a cheaper rate. Bitcoin dip is always a blessing for those who knows how to play the game, I remember many people complaining bitterly recently when the price of bitcoin fell over to $9000, while they were complaining, I was busy looking for extra fiat to use to buy the $9k price, and till now, I am happy that I made that decision, as we can see that the price grew which I have taking my gain with the little goal that I set for it.
I am not expecting us to get anything lower than this anyway, but I think people will still adjust without panic selling and just use it as medium to get more of the coin pending when the price rebound gain.
I am not expecting us to get anything lower than this anyway, but I think people will still adjust without panic selling and just use it as medium to get more of the coin pending when the price rebound gain.
We will see 8K within the next few weeks. Not by sept 5th. But soon.
When?? Inquiring minds want to know.10 days ago: https://bitcointalksearch.org/topic/huge-drop-happening-within-48-hours-update-btc-price-on-sept-5th-5179242
that is why i don't get the point of opening a new topic for the same discussion. the obsession OP has with this specific number is very strange too. even if you have buy orders wanting to be filled at that price it still is strange to obsess over it this much in this market which is unpredictable!
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