Bitcoin Forum

Looks like he is right.

BTC price.

But I think it will go up again..
https://twitter.com/crypto_ed_nl/status/907669388236673024 (https://twitter.com/crypto_ed_nl/status/907669388236673024)

https://pbs.twimg.com/media/DJiwfdzWAAIe8y6?format=jpg&name=large

It's pretty much arbitrary.  There's no one way of recognising how exactly the price will go and what trends exist, especially when the fundamentals (like the November hard fork) can change rapidly without very much warning.

This guy might have trading experience, but so do shitloads of other people who don't all think the same thing as him either.  Ultimately it's about what fancy lines you can draw and technical indicators you can use.

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His opinion is going to change regularly with each new development, so there's no point in the public following the signals which are inevitably going to be at least a little bit delayed in the first place.

Why are you taking it in a negative way and why do you think it's going downside?
Maybe this is not a break, maybe it's going for a "W" which means it may show a butterfly pattern and then boom again?
Charts are unpredictable and may go where our thoughts can't even reach. Those who are predicting it to be more than 15k this year and above 25-30k in the next 5 years are heavily invested into this and aren't stupid to say such things, they must be having something important in their minds to say such things right?

I have already sold few of my bitcoin at above $4300 so right now just waiting for some more dip to buy some cheap coins. All this dump is just a correction after a huge price rally we have seen few weeks ago and this correction is even getting worst by all the fake news and fud coming out form china.

I don t like this chart... But seems true that under 4100 next step could be 3500 :-[

Well, it's beautiful, but do not pay attention to this is just a correction, eventually it will stabilize and go up, but now it will naturally fall, sell a lot. And to predict exactly how the price will go and what trends exist impossible.

Whatever goes with bitcoins now or its either a correction but aslong as the price didn't reach for 2k $ then the current rate of bitcoins is pretty fair and better we shouldn't let ourselves to get panic in this situation since there's major comeback will be happen in future if issues will fade away.

You have sold at the right price because now btc has one below 4000$ and might still go down. Hope so we hear some good news from somewhere which will lead to rally in the prices else the dip in coming time seems more likely. I am also planning to buy from further dips and then hold it for future

it was a prediction,
from a thousand charts we will see a correct one obviously for the moment,
what he created is the movement of the price of the Bitcoin itself.
you can find a lot of people drawing a chart like that in tradingview.com,but do not put to much your attention into it.
just make sure that you buy it around $4000 sub or around that,do not aim $3500 or something like that because if you fail to buy it in there,
the price will be retracing back very fast,and because of that you will FOMO'in.you will not get the cheap one but instead the expensive one.
use it as a prediction and market movement for your strategy

Traders are reacting to what jp morgan has said about bitcoin, the same jp Morgan that was ball out by government severally  is now calling bitcoin a scam. They could not get in early and when we see this kind attack coming from people like this we should know that it is a  sign that bitcoin has started to do the work it is established to do. I see from twitter how people are selling their hold because of the comments and to me another opportunity to buy low.

drawing random lines on a chart and posting it on twitter doesn't make it correct "prediction" neither an "analysis".

right now price is being pushed down with negative news and FUD which is causing panic. there is no analysis that can factor in this type of pressure on the market. he can draw all the lines he wants on the charts but none of them will show the fact that all the social media is now attacking bitcoin in full force.
the "China ban bitcoin" thing was the start of the FUD, now they are also talking about bitcoin on national TV and calling it things such as "fraud" even (https://bitcointalk.org/index.php?topic=2172126.0).

this is obviously an orchestrated assault on bitcoin, possibly they have even heavily invested in making money from bitcoin during its drop too.
truth be told i wouldn't be one bit surprised to hear JP Morgan has been shorting bitcoin in the past 24 hours.

I'm sure the price will go up again..
Don't get me wrong. I'm a huge fan of blockchain.

BTC price going down should not really be a cause for alarm as far as I am concerned. It is not like this is the first time such a huge downward trend will happen. I even always see this period as the best time to stash up even more. If you are a trader, you will know why this feels good most times. However, the news these days most especially from China has not really favoured the market but we all know that a huge downward trend like this from experience always bring about a huge upward trend. So, don't be scared or sad mate and don't also believe every word that comes out from the mouth of JP Morgan! I am sure he is also looking for a better price and he is trying to use the media to create panic selling.

I believe theres always a possibility for it to goes high, once Chinese issues resolve it will be back on increasing price. It just seems China ways to buy btc in cheaper amount. Once everypne get panics it will be our lose.

Right. China should stop on making these kind of actions because these affects the market of crypto badly. BTC is just doing good in the past weeks and here they are making many people panic.

I think the damaged has been done already and they are just putting the icing on the cake. Let China ban bitcoin for all we care. Their government has suddenly make that decision and turn its back on bitcoin. But I'm pretty sure that most of us here believe that bitcoin can recover from all of this FUD or negatives news coming from China. Right now the price might go below $4000 again. But I'm expecting that a lot of investors would flock the market again to buy and join the hype train once again. So expect the unexpected tomorrow.

China has not banned bitcoins only ICO's FYI.
This is pretty good to do some arbitrary in exchanges like polo ... many traders are making big bucks, people should read both sides of the story.

If you draw the lines from a little sooner, they'll point up instead of down...

But maybe he is right. And it is fine. I feel that there are lots of people waiting for a correction to come into bitcoin (which would make it rebound up). It'll be higher again probably

A lot of FUD has been expressed by FUDER'S on the since bitcoin born and it has never died, because a new FUDER came to the light you guys think is gonna be the end ?

It will go back in its Ath and have a new price afterwards, I don't thinks he's right i am not an expert trader but he only puts a downtrend line is it a serious ? I can put also an upward line on it or elese you wanted to join the Fudders campaign. Goodluck.

I was following him for a month. I think he knows how to make a good chart

He does really know on how to make use of technical analysis which i do really see that those trend lines do really matches on the things that is happening as of now we did see theres a strong resistance on 5k usd price which it reverse its price and now heading to the bottom but i was amazed that technical analysis on crypto movements is already effective and can really get some basis.

It may have dropped down now but I'm sure it will try to regain back from where it left off. And the price fluctuations had been going on ever since so I'm not really sure why everyone is making a fuss out of it.

That just a correction. BTC should be able to go higher up to 2x in value.. I really do not see a cap to it. Look at totally supply also Bitcoin use in banks for major transfer and as assets in publicy traded index funds.. it is only going up long term.

not that im not trusting or trying to believe someone ideas but do you guys really think that the line above created by some sort of fortune teller or people with supranatural power to predict future. it's all speculation and there's no strong reason of why the line created that way. no offense but it's just doesn't make sense.