|
Title: Where is the bottom for BTC? Post by: AICoin_Official on January 23, 2018, 01:39:03 PM As you can see, BTC has tested the 10K for many times, where is the bottom exactly??
An original analysis from a Chinese analyst Kuang Ren about BTC: BTC has been extremely weak in price move in the past 2 sessions, we can’t even see a decent rally after dipping from high level. The strength of bears is weakening as we can see on daily chart and price will find a strong support near $10,000. A short-term rally, which will only open the door to test the bottom and does not mean a reversal in trend, is possible as price will be safe around $10,000 in the next few hours. Still, price is forming a head and shoulders pattern from a bearish perspective, the fact that right shoulder is lower than the left one indicates an extremely weak momentum from bulls, making it unwise and subjective to treat current price as the all-time bottom. To be fair, even though price has lost 50% of its value compared with the all-time high around $19,000, it’s hard to say that price has reached to the bottom if we can take a close look at the chart. My suggestion is that you should keep your bullets till the very moment comes. Original by Kuang Ren, translated by AICoin Jami. You can check the full analysis here: https://www.aicoin.net.cn/article/11427.html Title: Re: Where is the bottom for BTC? Post by: Morecoin Freeman on January 23, 2018, 01:46:20 PM In a couple of days people will regret not buying at $10,000. It has always been like this. Buy the dip.
Title: Re: Where is the bottom for BTC? Post by: codebread on January 23, 2018, 01:48:03 PM The bottom or support line nowadays is around 8k, is where everyone has placed their buy orders. 10k is where the market founds it stable, meaning there is a little buying and selling.
Title: Re: Where is the bottom for BTC? Post by: Lucius on January 23, 2018, 01:59:53 PM As you can see, BTC has tested the 10K for many times, where is the bottom exactly?? An original analysis from a Chinese analyst Kuang Ren about BTC: BTC has been extremely weak in price move in the past 2 sessions, we can’t even see a decent rally after dipping from high level. The strength of bears is weakening as we can see on daily chart and price will find a strong support near $10,000. A short-term rally, which will only open the door to test the bottom and does not mean a reversal in trend, is possible as price will be safe around $10,000 in the next few hours. Still, price is forming a head and shoulders pattern from a bearish perspective, the fact that right shoulder is lower than the left one indicates an extremely weak momentum from bulls, making it unwise and subjective to treat current price as the all-time bottom. To be fair, even though price has lost 50% of its value compared with the all-time high around $19,000, it’s hard to say that price has reached to the bottom if we can take a close look at the chart. My suggestion is that you should keep your bullets till the very moment comes. Original by Kuang Ren, translated by AICoin Jami. You can check the full analysis here: https://www.aicoin.net.cn/article/11427.html Which is the reason for opening new thread with identical title like you open yesterday : https://bitcointalk.org/index.php?topic=2804127.0 Do you have problem to find what you wrote yesterday or you just like to spam with completely meaningless analysis? Title: Re: Where is the bottom for BTC? Post by: akiash on January 23, 2018, 06:01:18 PM As you can see, BTC has tested the 10K for many times, where is the bottom exactly?? An original analysis from a Chinese analyst Kuang Ren about BTC: BTC has been extremely weak in price move in the past 2 sessions, we can’t even see a decent rally after dipping from high level. The strength of bears is weakening as we can see on daily chart and price will find a strong support near $10,000. A short-term rally, which will only open the door to test the bottom and does not mean a reversal in trend, is possible as price will be safe around $10,000 in the next few hours. Still, price is forming a head and shoulders pattern from a bearish perspective, the fact that right shoulder is lower than the left one indicates an extremely weak momentum from bulls, making it unwise and subjective to treat current price as the all-time bottom. To be fair, even though price has lost 50% of its value compared with the all-time high around $19,000, it’s hard to say that price has reached to the bottom if we can take a close look at the chart. My suggestion is that you should keep your bullets till the very moment comes. Original by Kuang Ren, translated by AICoin Jami. You can check the full analysis here: https://www.aicoin.net.cn/article/11427.html Seems like now it is passing 11k line. I believe price will continuously grow from this point Title: Re: Where is the bottom for BTC? Post by: Oceat on January 23, 2018, 06:17:21 PM Since Bitcoin is rapidly rising last year you can't rarely see the price correction when it is being hyped that's why after the hype, price correction did it and as a result it is now being dip. As we can see in the chart 8k to 20k has not been hype yet therefore it will be the next target of the price correction. After these price corrections expect that there is another fork is coming and it is the time that Bitcoin will slowly rising again. This is just all of my opinion if are wondering where i do get this.
Title: Re: Where is the bottom for BTC? Post by: BrewMaster on January 23, 2018, 06:33:54 PM The bottom or support line nowadays is around 8k, is where everyone has placed their buy orders. 10k is where the market founds it stable, meaning there is a little buying and selling. every time that bitcoin price takes a dip there are people who place their orders way too lower than the real support line because they think this is a gambling game which they need to get lucky to win instead of using their logic to make a correct move and win based on that.... Title: Re: Where is the bottom for BTC? Post by: greeklogos on January 23, 2018, 06:39:30 PM Mathematical bottom would be a zero, but I doubt bitcoin will reach it so soon, only in the case if the project will loose every possible support and demand. I have heard in the beginning of the year that bitcoin will drop to 10k$, well, it happen, I didn't expect to see see it so soon, but currently we definitely can call it as bitcoin's bottom.
Title: Re: Where is the bottom for BTC? Post by: btctalk123 on January 23, 2018, 06:45:46 PM Exactly, for me, it is easily going to touch less than $8000 and then it will bounce again and go up like if nothing happened in there ;)
This happened before and it seems that no one remembers that In a couple of days people will regret not buying at $10,000. It has always been like this. Buy the dip. Title: Re: Where is the bottom for BTC? Post by: pereira4 on January 23, 2018, 07:06:31 PM Has anyone seen the recent surge to $11500? I just look at Bistamp and we've gone up again, with a bottom of $9222 for this year which happened in January 17th. The last bottom was $9941.
If we keep making higher bottoms, we could consolidate an uptrend at least in the short term, and this could be the beginning of the recovery for a new all time high, but we must get past the former $13,089 peak (by Bitstamp prices). |