Will Bitcoin Price Continue To Fall In 2019? (Sharing my thoughts) - page 3.

BitHodler

legendary

Activity: 1526

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Quote from: adaseb on December 31, 2018, 03:28:36 AM

If it breaks the $3000 support and keeps heading lower then it might create more panic and cause another bearish year.

That's exactly how I see it. It will be similar to what happened when we broke the $6000 mark, and I'm sure that this will be the last push the last couple of bag holders and ICOs need to unload their stashes.

I'm however facing the same thoughts about the market as we had before we broke $6000. People were overly bullish and the market did the opposite. People right now seem overly bearish, which also may lead to an opposite move.

Markets in general don't follow the logic of the mass, and there is enough incentive for market movers to hedge that mass. I'm glad that I don't actively trade the market but just average my way in. No tough decisions to be made.

gentlemand

legendary

Activity: 2590

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Welt Am Draht

I think our falling is not concluded yet.

I was sceptical of those bubble psychology charts that were rolled out relentlessly in the past but they turned out to adhere closely to the previous bubble and this one is following a similar trajectory. There's still too much hope, though that may seem hard to believe in certain quarters.

We're not in the boring dead phase which is when you know it's fully played itself out. Every move is still followed too closely for signs of recovery. That needs flushing out.

I don't care what price it bottoms at. I just want a bottom.

aalfadhala

member

Activity: 86

Merit: 10

Hey!

Quote from: adaseb on December 31, 2018, 03:28:36 AM

It depends.

If it breaks the $3000 support and keeps heading lower then it might create more panic and cause another bearish year.

However I am thinking we will trade sideways for a bit and maybe slowly start ascending back up. However the $5800-$6000 is going to be major resistance to break-thru.

I totally agree with you - $5800-6000 will be a rough area to break out from.
This resistance (which was once a strong support zone) was used to distribute so many of the whale's bitcoin bag.

adaseb

legendary

Activity: 3808

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It depends.

If it breaks the $3000 support and keeps heading lower then it might create more panic and cause another bearish year.

However I am thinking we will trade sideways for a bit and maybe slowly start ascending back up. However the $5800-$6000 is going to be major resistance to break-thru.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: aalfadhala on December 29, 2018, 02:22:51 PM

I have just published my idea and analysis on Bitcoin and what's ahead of us in 2019. I mostly cover market cycles and what reversal signs we should be looking for.

I am also believing in to the cyclic nature of markets. If we are going to repeat what we have experienced it in the recent-past by the times of 2015 and 2016. If you look into bitcoin markets by those years, you can find that at most of the times, market was trading sideways and slowly recovering from the downfall with had happened in 2014. As per my several days of analysis, I have concluded that market will not continue its fall down in 2019.

Quote from: exstasie on December 31, 2018, 12:29:28 AM

Lots of traders try to call bottoms over and over and they bleed away their capital by "catching the falling knife" instead of patiently waiting for an obvious reversal.

Who knows ? We might be going to see that again and again in 2019 also. But, buying at every dips must be a good strategy of trading so that you will never miss out an exact bottom. But, you will be enforced to wait more. When your capital allows, why not you just go for assuming every dip as a bottom ?

Kemarit

legendary

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Quote from: aalfadhala on December 30, 2018, 11:09:02 PM

Quote from: greeklogos on December 29, 2018, 05:25:21 PM

All predictions are coming to the same conclusion: maybe it will or maybe it will not. Nobody knows as I see, but everybody hope for better result Cheesy

Lol thanks for your reply - but this was never my conclusion, or at least the conclusion I wanted to deliver to readers. What I was trying to say is that the market will not recover until we see an accumulation phase. A phase that should take at least 3 months to develop

Exactly, although I believed that the accumulation phase has started already, however, I also think that we haven't reached the bottom so there's a lot of time for us to slowly steady the market and slowly accumulate as we go along. I'm thinking that accumulation will tend to go more than 3 months. It can even go as long as a year. The lesson here is that crypto investment is a long journey, and if you can't wait long enough for the market to recover then this market is not for you, or at least not for everyone.

exstasie

legendary

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Quote from: tdrinker on December 29, 2018, 03:42:35 PM

Quote

To conclude and answer the headline question, Bitcoin price will continue to fall as long as it does not show us major reversal

Seems like a pretty obvious conclusion you've come to but I do agree with a lot of the analysis.

If it's obvious to you, you're ahead of the curve. In bear markets, a lot of people indiscriminately "buy the dip" a few times and get burned before learning anything about price trends and market cycles. It's something you see in trader chat groups too. Lots of traders try to call bottoms over and over and they bleed away their capital by "catching the falling knife" instead of patiently waiting for an obvious reversal.

Quote from: aalfadhala on December 30, 2018, 11:09:02 PM

Quote from: greeklogos on December 29, 2018, 05:25:21 PM

All predictions are coming to the same conclusion: maybe it will or maybe it will not. Nobody knows as I see, but everybody hope for better result Cheesy

Lol thanks for your reply - but this was never my conclusion, or at least the conclusion I wanted to deliver to readers. What I was trying to say is that the market will not recover until we see an accumulation phase. A phase that should take at least 3 months to develop

Yep, in fact I think it'll take longer than that, maybe 6-9 months.

Instantode

newbie

Activity: 8

Merit: 0

Quote from: greeklogos on December 29, 2018, 05:25:21 PM

All predictions are coming to the same conclusion: maybe it will or maybe it will not. Nobody knows as I see, but everybody hope for better result Cheesy

I think with the increased user base, the price will rise gradually.

aalfadhala

member

Activity: 86

Merit: 10

Hey!

Quote from: greeklogos on December 29, 2018, 05:25:21 PM

All predictions are coming to the same conclusion: maybe it will or maybe it will not. Nobody knows as I see, but everybody hope for better result Cheesy

Lol thanks for your reply - but this was never my conclusion, or at least the conclusion I wanted to deliver to readers. What I was trying to say is that the market will not recover until we see an accumulation phase. A phase that should take at least 3 months to develop

greeklogos

full member

Activity: 658

Merit: 152

All predictions are coming to the same conclusion: maybe it will or maybe it will not. Nobody knows as I see, but everybody hope for better result Cheesy

GymClassHeroes

jr. member

Activity: 92

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If there is one thing I have come to learn in the last 12 months about bitcoins and cryptocurrencies in general is that things can get crazy and market momentum can change significantly within a short time.3K to 6k can happen in 10 days. Everyone seem to have an idea of how crazy things can get, so any trigger can shoot price to the moon and people begin to FOMO and you then have the herd crashing in, I believe we have bottomed out at 3000$ and we will see some price action, principally due to fundamentals, not TA

Bitcoinwaist

copper member

Activity: 228

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most are thinking/saying the price will go lower to under $3k then sideways for a year then bull run into the halving. i am a contrarian, and I think we go on a bull run next year. everyone is waiting for a capitulation bottom but we might have had it at $31xx.

ask yourself this: right now at $3850 would you fomo if we went up to $5k in one day?

semobo

full member

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Quote from: aalfadhala on December 29, 2018, 02:22:51 PM

Hello,

I have just published my idea and analysis on Bitcoin and what's ahead of us in 2019. I mostly cover market cycles and what reversal signs we should be looking for.

Read: https://coinlu.com/will-bitcoin-price-continue-to-fall-in-2019/

Thoughts?

I don't think the prices will fall more in this cycle anymore since we already reach bottom of $3000 in recent times but at this level strong resistance for bitcoin prices which means there are enough people who are ready to hold their bitcoins at this level too.

tdrinker

full member

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Join FlipNpik Telegram : t.me/flipnpikico

Quote

To conclude and answer the headline question, Bitcoin price will continue to fall as long as it does not show us major reversal

Seems like a pretty obvious conclusion you've come to but I do agree with a lot of the analysis. I think we'll get stuck in a sideways movement for a long period before we see any significant signs of reversal. That could be in this range or after further falls, but a recovery at this moment in time seems to me unlikely.

aalfadhala

member

Activity: 86

Merit: 10

Hey!

Hello,

I have just published my idea and analysis on Bitcoin and what's ahead of us in 2019. I mostly cover market cycles and what reversal signs we should be looking for.

Read: https://coinlu.com/will-bitcoin-price-continue-to-fall-in-2019/

Thoughts?

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