Topic: What happens to BITCOIN next ? - page 2. (Read 341 times)

@Youghoor that’s the problem these analysts never take bitcoins volatile nature into their calculations hence they never get it correct. Another problem with these analysts is that they often rely on the past bitcoin prices as a base for their predictions, and they fail to account for the possibility of any positive or negative news which may change the course of bitcoin prices. It’s pertinent to note that many here including me don’t purchase or sell based on analysts predictions, and I would advise you’ll also not to rely on thier predictions.

good analysis and calculation I appreciate the op effort. but we know that bitcoin has high fluctuations that are very difficult to predict even if we use technical analysis. because sometimes the price of bitcoin can be manipulated by the pope and also influenced by FUD. so I don't think anyone knows for sure what happens to the next bitcoin?
we can only predict and that can be true or false.

Pretty nice analysis and prediction there. I mean, most if not all of us hope that BTC would break out in the year 2020, with how the halving is in place and all, but there's always the possibility that it doesn't. But in the end, I'd doubt most would trust or 100% believe predictions and analysis since they are missing out on few bits of information e.g. this only discusses about BTC price chart throughout the entire map, but doesn't take into account the possible effects of the halving. Still, could be used as a nice reference.

I don't care about how chart and analyze of bitcoin, but I am waiting what will happen with bitcoin during bitcoin halving coming soon, when bitcoin keep with lower price maybe loss hope with bitcoin have higher price, if bitcoin halving four months later can give effect to make bitcoin keep with higher price I will re investing with bitcoin and altcoin again.

From the fact that the price has been rejected from moving under around 7.1k I would say we have quite strong support at around 7k to 7.2k region and massive resistance at 7.5k which we cannot break decisively for quite a while now. Besides that I'm pretty sure you meant $73xx resistance not support as the price constantly gets rejected from it.
If we manage to break the 7.3k resistance and then the overwhelming resistance at 7.8k I would take that as a sign of confirmation that we're in a bull market and long the corn.

In case price dips at that certain level, that's also a bigger opportunities for investors who still planned to venture with bitcoin. Tools like fibo always have the capability to do the basic trading as well, first of all as you take control of that decisions made; our personal principles will be the first priority. When we seek for other options, just take the opportunity of your alternative resources which you can use at any random state.

Predictions are not all bad at all some are useful things that you can use if you are having confusions with the market but it is called predictions for the reason that it can or may not happen at all so we have to be ready always of whatever outcome and don’t rely mainly on predictions of others because it might just disappoint you. The market trend in bitcoin is way unpredictable that even the smartest can’t predict it right most of the time so just do what you think is best for you and be always prepared of the worst.

Why only consider the SUPPORT 1 = $ 64xx, there are support line before it?

The Fibo certainly works differently to the forex platform fibo so I'm not sure how the trading fibo tool to be accurate at pointing out which supports are stronger.  But to me $73xx and $69xx are considered to be support already as we break it. That means the battle again will continue when prices dips that level.

Of course, it's nice to learn something new and try to apply it. But technical analysis is not something well-respected. It's just a strategy of making predictions, not a strategy of telling the future. And I believe one can do all sorts of things to come up with numbers and stuff, but at best it can lead to a probabilistic conclusion (like, for instance, it seems way less likely that tomorrow Bitcoin will be $10k than that it will be $7k. And if someone says it's gonna be $100k, it's even less likely. So maybe technical analysis can help to narrow down the options and make the figures more precise when it comes to specific probabilities, but I don't think it can do more than that. After all, if it was that easy to learn this and earn money, lots of people would do that and succeed.

interesting thing from the analysis made, but there is no blame for making analysis and prediction at least there is a mixture that can be held and can be a reference. but it must be remembered also that bitcoin is very difficult to predict and many have done it but nothing can be right and make sure how bitcoin will move.
this is the advantage of bitcoin which is very difficult to predict, makes people really miss and save and take follow-up actions precisely and accurately and not panic when they want to sell or buy.
I strongly believe that bitcoin will still be a reference and target for everyone because it is very tempting and unique.

It's good to use analysis by people to predict the next market value of bitcoin but there is always one thing people need to understand. This is that, the entire bitcoin market and ecosystem is 80% unpredictable and do not really follow the analysis made by experts. You just have to be open minded in order to understand some aspects of the bitcoin market...

hello guys...
I just learned about technical analysis of BITCOIN

Indikator:
1. FIBONACCI FAN (MANUAL)
2. FIBONACCI RETRACEMENT
3. TF 4H

Picture 1st


Picture 2nd


"Conclusion"

In the 1st picture, it can be seen that BTC still tends to stagnate in FIBO (0.50)
and trying to BREAKOUT and above,
BTC is now trying to get out of the FIBO line (0.5) and the next target if BTC succeeds BREAKOUT will go to FIBO (0.618)
can be seen for more clearly in the second picture.

In the second picture at least the BTC must BREAKOUT around the price of $ 74xx and the next target BREAKOUT is $ 79xx and go to fibo (0.618) in this phase if the BTC is stable there will be a PUMP and DUMP between $ 74xx to $ 79xx and the next BREAKOUT determination will be at the $ 76xx line and if it works BREAKOUT it will continue to $ 81xx (fibo 0.618) and you could say BTC starts showing TRENDBULL if this happens

BUT if BTC is currently unable to break through BREAKOUT it will go down at around $ 68xx and if this support is unable to hold it will continue down to SUPPORT $ 64xx like a few days ago and also from the second picture shows that the SUPPORT test is 2x and doesn't rule out the possibility will test for the 3x (HOPE THIS DOESN'T HAPPEN) and next to SUPPORT $ 44xx and if this condition occurs then GET READY we are going to TRENDBEAR year hopefully this does not happen because it will greatly affect the level of trust of the BTC TREADER itself..

RESIST 1 = $ 81xx
RESIST 2 = $ 93xx

SUPPORT 1 = $ 64xx
SUPPORT 2 = $44xx


That's what I can explain, hopefully can provide benefits and useful information
Remember this is just a picture of all returning again to our beliefs that each is not always true
But at least it can give us an idea of ​​where this BTC is going
thank you

NOTE "Always believe in yourself ...." ^^