Bitcoin Forum

https://www.tradingview.com/chart/BTCUSD/zFhitc5B-Posible-next-price-BTC-4861-1USD-or-you-can-buy-Now-and-sell-669/ (https://www.tradingview.com/chart/BTCUSD/zFhitc5B-Posible-next-price-BTC-4861-1USD-or-you-can-buy-Now-and-sell-669/)

Posible next price BTC -2.66% 4861.1USD
using fib we can see btc -2.66% 80% Bears market
the next price can be 4861.1
we need a superpump up to >9407 to make a new All time high
for now btc -2.66% and cryptocoins go to crash more.
im buying btc -2.66% using ollinger band theory
so you can buy now and sell in 6700

use bollinger bands and m15 timeframe

https://i.imgur.com/AUr0Sal.png

Personally, I see in the picture a bunch of all delirium ;D
Where even the price is not visible ;D
It is foolish to hope that the Bollinger channel, which was created for the stock market, will correctly show the motion of Bitcoin ;D ;D

months ago there was a guy in the tradingview who swore that bitcoin price would drop to $1000 and after 4 months the price of bitcoin rose to more than $19,000, I'd like to see his face. Then there was another guy who swore that the ripple price would drop to $0.19 and months later the price of ripple rose a lot to $1. these guys are the kind of person that we should not take their predictions as if they were 100% guarantee and we should not trade based on the data they provide


Is another prediction that only spreads more fear in people

Another prediction to possibly trigger a selloff from the weak hands? Honestly, most of these bearish predictions I see on the site indicated don't ring true, and if some of them does, it's only short-lived and not as worse as what's in the predictions are. I've been a follower of the site for nearly 2 years now, and so far, these bearish predictions weren't on point even from the start. One thing's for certain, though. Once $5000 support levels are breached, we're in for another deep dip.

Here we go again, another trickery images and speculative prices that might starts to become the most sources to all of those weak hands. I wonder what this guy thought that maybe he could turn back the old times were Bitcoin price ranging from $100 - $300? That was 5 years ago and with a lot of changes through Segwit hard fork, prices won't go back to that time. Anyway, I do agree that if the $5000 barrier were going to breach then there would be probably a deep dip and i wonder how many months we could suffer from this bearish season.

Too much information on the chart, and I believe even newbies will not fall on this trap. TA might good to use not all indicators work in cryptomarket, and i believe the price will not reach $4k level again, probaby at $6k level and it will finally bounce again.

Reading his prediction and with all those TA graphs all over, I will surely dump my coins in a heartbeat. But the difference is that I'm no longer a newbie and I don't look at those so called experts here (which is a lot) calling for bitcoin's bottom but then they are proven wrong many many times.

So it gives me a chuckle, and for those who have been reading this, just used your common sense and not be swayed by all the FUD or predicting the downfall of bitcoin. It has many support levels and I think that it is holding at the moment. And if ever it was broken, I'm sure that we knows trading will simply buy at this dip to either hold long term or do daily trades.

I have the same opinion, the first impression is "chaos," but in theory it's certainly interesting, if you understand. But it seems to me that bitcoin can be bought for $6000 and for $7400 to sell, this range of waves is already observed for a couple of days, there is an opportunity to take advantage of it.

I'm not really able to read what it is and I only see bitcoin prices based on what might make the request change, for example there's recently an issue that twitter ban crypto ads after the news is heard in bitcoin dropping.

I agree, well but at least this post has some technical analysis in it(whether or not you think TA actually works on crypto) and not just some sort of dartboard guess.

But yea, some people who do TA thinks we're going lower and some thinks we're going higher. Pretty much a coin flip in the end anyway.

Haha, truly I am also not able to grasp anything from that graph. However 4.6K USD or whatever it is OP predicting, I dont think its even possible in my horrible dreams.  ::)

Come on man we have come so far with the bitcoin and we cant even see some good stuff in it. The graph will be edited in the opposite direction and people will start saying that yeah this Bollinger shit which predicted that prices will be going up and up. Lolz. This doesn't work buddy, what works is people's wallets, their buying and selling volume and news around us. Tell that to Bollinger also.  :P

I'm never trusting a painting like this with 10000 of stops and indicators... applied to Bitcoin.

This is not a Forex and I don't believe the price to fall under $5000 anytime soon.

Bollinger bands are not one of the reliable technical indicators. It fellows the market trend and so obeys to its commands. Therefore, it is not reliable as such like news and social media hype.

This reminds me of people like this guy that are on the opposite side of the fence:
https://uk.tradingview.com/u/CoreTrade/

On March 28 he predicted the price would go down to 7600 and reverse to possibly 9k. Then on March 30 he predicted that in the beginning of April we'll go down to 6000 then back to 6500 and finally again to new lows around 5600. His analysis is like tea leaf reading, with the difference that tea leaf reading is sometimes right :D

Here's another pro:
https://uk.tradingview.com/u/winsoar/

On April 4 he thought we are going lower and according to him we should be at 6500 at this moment and falling, but the price went up, so he made another ANALisis predicting that from this point we'll go up to around 7k USD. We can only hope that he's right this time, because he's mostly wrong. Like on March 25 he predicted that we'll go up from 8k and in the following week we had a serious of dumps that took us to 6400. So he was overshot by 2k USD :D Those tea leaf readers are funny at times.

We cant really avoid those people who do make analysis towards bitcoins price speculations would still come every now and then since people do have knowledge into trading field specially for those who came from stocks and forex and now they applied it on bitcoin market which we know predictions would either go that way or not using technical analysis but its much better compared on having no analysis at all.We might hit up 4k price when the support line would be break out.