Bitcoin Forum

From what little I have learned from trading is that there are fractals and you can guide one with them, could it be the next scenario? ..... If so, 2019 is for purchase of BTC and Hodl

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It's possible I think. But the fundamental for 2019 is quite good (as long as it did happen). Bakkt, ETF, etc can bring new positive sentiment for the market, after that the halving will happen. I believe the timeframe would be shorter than the previous cycle, but who knows? As long as you don't spend all of your money hoping for this scenario to happen, I guess it's good to try.

I think it should because, bitcoin is really holding a strong resistance around $3,800, and I did get some few charts prediction of bitcoin making a big run soon.

Very possible. The fundamental analysis is looking very good at the moment, long bearish periods are usually Bui blocks to support a potential pump in the market, and 2018 was a year for building a community. There is also a couple of projects to look forward to this year.

If the Technical analysis also looks positive, we could be in for a very promising tear.

I agree with you we should not expect too much on this market and I do believe that 2019 is going to be a sideways trend.  That means we should buy and hold for a very long time.  It is going to be a purchasing moment as those that can hold for long-term are going to make money.  Investment into cryptocurrencies market is a game and you should understand your risk before putting in money.

This year will be the best time to buy as much bitcoin as you can but you must know that you don't have to use all of your money to buy bitcoin because it still too risky, no one will know what happen with bitcoin later. So if you want to buy bitcoin, at least you know how much money you will use and don't use the money without thinking about the worst scenario. That scenario could be happen in the future and this year will be the lowest bitcoin price ever because in the future, bitcoin price will be too expensive.

You have draw really great trend. If the rally follows the past then we hope, the trend will be like which you draw. So, we should wait, no need to be panic.

Possible but not a guaranteed thing specially that no tools or indicators would really give out 100% precise prediction on where would price possibly go.Crypto or Bitcoin price itself is really
unpredictable.It can go to the price that we least expect and go below that we didn't even believe to go but having these predictions isn't really bad at all or shall we say not a valid thing because
each of us do have basis or inputs on where price can possibly go on this year.

The idea of chart reading is very irrelevant in crypto most of the time. The main reason for that is the volatile and fragile unregulated nature of bitcoin. Could this be reality and we can see 45 thousand dollar bitcoin? Sure why not but in reality it all kind of depends on the news that will come and not the chart.

If all the trio (nasdaq+sec+bakkt) things we expect happens than there is a chance bitcoin can go soaring high one day however if none of that happens we can sit here all year and even fall eventually. Hence, the reality is that bitcoin is not really a trading that allows charts to be really involved too much. That is why you do not see any single chart that has been consistently right for the past 1 year. All charts that show the future and correct previously are done after the fact and no chart has been correct for future with the same way past has been.

Aint the price staying in this little amount already a go signal for buying bitcoin?

I do think it is already a premonition for investors to buy and you also included.
It will just be regret that will be left if we dont do it and then a sudden pump comes.
Go deeper into meditating and maybe you will find the answer.

There is a chance to be and this is just a prediction. I would like to believe that everything in the volatile market will be as easy as on this chart, but most of the time it is not. As if there is a big change in every price, a new trend begins and it is not known when and how the next change will take place. On the other hand, if we consider that stability is far from BTC, we should accept it as normal.

Everything comes with a risk, Bitcoin (from a non biased perspective) more than other assets, but we all want to have the best possible allocation of funds yielding the best returns. I honestly would say that investing in Bitcoin at this stage is less risky than investing in US stock with how they are screaming don't buy me. It's almost like how people thought it was a great time to buy the dip around $15,000 last year. Don't touch a falling knife.

If I was given the choice to pick a basket of US stocks worth $100,000 or a basket of Bitcoin worth $50,000 that I had to hold for 5 years straight without touching them, I would go for Bitcoin without having to think it through.

Yes, this 2019 should be the period of accumulation and wait for 2020. We might see another all-time-high by that time, But then again, everyone can make 'wild and educated guesses' based on TA but we should be aware that its past performance is not a guarantee for future successes so we should also be assessing our risk and only invest what you can afford to lose.

So sit tight and see how everything will turn out in the next 2 years. Also, be flexible and make necessary adjustment so that you can mitigate your loss.

Sometimes I don't believe with technical analysis, some cases happened differently from analysis. So, I assume it is just a usual prediction about the future market. There are many factors that may change the market trends, who knows if 2019 can be the time to sell BTC and not to purchase as you said.

Now that the price of Bitcoin is within the range of #3k is when investors should buy to store for hodling in the next months to come. With the view I'm seeing it, this year may be the year of pumping and does who don't have will start storing as a result of FOMO. Sometimes, analysis may not work with cryptocurrency, anything can happen unexpectedly .

I like your comments, and that is a fact. the market is very unpredictable and easy to change.
no one is able to ensure that this year is the time to buy bitcoin and continue to hope for the following year. This is a kind of prophecy and I don't believe in divination.

All of these statistics analysis and predictions of people out of nowhere will remain as it is because bitcoin will go on a different path and not on what we have expecting. We may see such patterns but it doesn't matter if it will not going to happen and the closeness of how positive it will happen is very slim, though may have busted the myth before when they start to check every ATH and bottoms but that doesn't mean it will happen to what we have expected too.

Price will literally increase. But maybe the next scenario for the bitcoin will down again. But this year and next coming few years we expect the value become high for the second time and we can earn money for the second time too.

If you will add historical charts of Bitcoin price, everything would look even better. This is a technical analysis that works well in much more stable markets. Bitcoin is still niche for financial markets and unfortunately this may be a mistaken assumption. However, there is a probability of such a scenario.

for me yes it's time to accumulate more and hold. because it's been  while now since the market always fluctuate and suffer in bearish season . And indeed market now already found the final bottom stage so there's a high  possibility that it will make a good run  very soon .

thanks for your comment ..... And I forgot to say that if also elliot waves are true. :)

Honestly I do not need any technical analysis for making myself to buy more bitcoins for holding. Yes, I am already in plan to buy bitcoins as much as I'm able to, by adjusting my all other budgets, so that I will be having more bitcoins than actually I have planned. After the yearlong fall-down, anyone could easily predict what will happen with bitcoin markets. Yes, this is the right time to buy more with long term plans. I'm not suggesting to anyone to go for buying more bitcoins right now without planning to hold them for longer period.

For this reason alone I keep suggesting to everyone to plan for long term. Because, in short-term bitcoin market may come down again but it will not hold in lower levels for long time. So, it will be bouncing back after some time. Buying bitcoin and holding them for years will be more profitable than any other investment plans.

You may be correct with this statement,but the major reason why most traders favor short term/active trade is lack of huge capitals to engage in long term trade
Because in my opinion for one to make profits from long term hodling,you will have to use a substantial amount to purchase the coins,so at least a double of your investment price would be worthwhile for you

But with Little capital,it will be best to trade actively,probably arbitrage trading and rack up little profits overtime,as the ROI comes quickly,the little profits wouldn't matter that much

What is little in your definition ? Trading actively is suggested only when you are equally capable to a professional trader but honestly there will be no matter of  your capital is huge or small, it is always safer with bitcoin if you go for long term based. I'm not sure about why you are considering arbitrage trading because it is a rare opportunity and most active traders may not bother arbitrage opportunities as it needs lot of attentions to spot out.

Overall, I understand you are having very good opinion about active trading but I'm afraid that you may not experience in real life similar to your opinion. I agree quick ROI is possible with active trading whereas long-term holding does not, still if you consider the risks involved in active trading, probably you may avoid it for ever. I guess with small capital you are planning for active trading still I'm suggesting regardless of your capital size, it is always better in all circumstance to go for long term, in my opinion too.

About buying bitcoins, it is good to buy bitcoins but we should not invest all of our money. We should have a plan where we can allocate right amount of capital to make investment. Our money is not safe here in the market due to the high risks..

From what I know chart analysis on a multi-year or long term chart is mostly inaccurate mainly because their are external factors involve that cannot be included in the chart like news, government actions, and banning which all of this can affect your 7 year price prediction. I know a lot of people here likes the idea of a long-term hodl but fractal anlaysis like this one is extremely inaccurate as you are just basing it on the current chart only.

I agree with you, a lot of traders have shared their prediction based on the analyzing the chart but it didn't happen.
Now, I am more reliant to external factor just like news or speculation because this is a big factor that will move the price, just getting more matured in the market will help us make a timely decision, but I still appreciate what OP has shared, those information are also vital.

I do not expect that the price of bitcoin could rise so high in 2026 but at least our crypto market will grow very high this year. Bitcoin prices will no longer appear under the price of $ 4,000, so this is a good time to buy BTC.

That's why I think the opposite. I think that 2019 will be a year for btc pumping thus the right time for selling. So let's make the most of the bear market while it lasts — buy as much as possible.
Me too, I only set news, chart analyses and predictions as a guide and not my full basis when making decisions. I just keep my eyes on the market and use my intuition every time it changes, it seems less technical but at least it is simple and besides that's where I am comfortable with :).

I hope so but can this technical analysys can actually predict a bull market coming? if yes then why did not also analysed the bear market last year and we still not recovering from here, I wonder many predictions last year that did not actually happen but what happens is the opposite.

Correct again, this should have predict the bear market so were able to dump our coins on time and get out with a profit.
The problem last year are those people who are good in sharing their TA based on the graph are still bullish and they only turn bearish when bitcoin was obviously going down. I noticed last year that one of the reasons why we dump is because of the expected news like ETF approval that didn't happen.

Everything is possible but we must also see from fundamental method, meaning is there any news can support your theory?. Technical must combine with fundamental because market is unpredictable, as long we can see the trend it will easy to make strategy even using small money. Many people already left bitcoin market but if your scenario success they will come back again, let's hope it will happen.

It is hard to tell that there will be positive market movement for this year as we have already a whole year bad market experience in which even famous experts in prediction are became foolish because of this bearish market which is still in effect right now. Therefore, lets just wait and see as we all knows that crypto currencies movement are really unpredictable.

Technical analysis gives glimpses and signal that could give us sense of direction of where the market is heading,  though we may not get accurate data but the guidance receive can be very valuable and useful.  I think 2019 is accumulation year for those that want to profit greatly from Bitcoin in 2020!

In case you have not noticed, from the general traditional market that has been traded for years even to this one, everything is all a game of probability for retail traders, it is just how you are able to strategize, anticipate, manage risks and make the better judgement in your trade that would matter at the end of the day. One thing I always do though is never to think of what could be a possibility for how far a market would go or how low, I just basically allow trend and time to do the talking. I feel over time, that has suited me a whole lot better.

I agree with most of the opinions of people here that 2019 is the right time to buy as much crypto as possible, starting now before it runs out of time, but within safe limits of course.

I'm glad that everyone is very optimistic for this year, our bad experience last year should not affect our focus this year, we should put in mind that this bear market will end and a new life in crypto will be born which is a bull run again. Once bull is here, everything will be corrected at the price that it should be, bitcoin and the rest of good altcoins should rise again but I'm just waiting for the right factor to drive it because until now, seems like it's still bearish.

We don't loss our confidence in crypto, we've survive in the past and I'm we are stronger now.

You maybe are correct but the best thing to to do when bear season is still holding on regardless of technical analysis or even simple analysis is HODL if you have huge capital in the market but if you have less capital to take to the market short term and not HODL is the best thing to do for traders.

I would go for bitcoin too as you because I don't know anything about stocks, it's too risky and dangerous for me. We need to always search for the news because the stocks depend on what will go on in the country and the company. But for bitcoin, I don't mind to hold for 5 years or so because I believe that the price will increase higher in the future. I want to buy more and more bitcoin when the price is on the dip so it will be the best chance for everyone too.

Maybe I will wait until the price can reach down at $3000-$3300 or if the price can down less than $3k, then it will be the best time to buy bitcoin. This time we don't have much time to think about how much bitcoin price can get down because if we think like that, we can be too late to buy and we will miss the price.

Anything is possible in the cryptocurrencies market, remember Bitcoin is a speculative asset. We cant trustfully to a technical analysis since it is just an indicator to help us, but cryptocurrencies always make us amazed so, any scenario has a chance to become true. One thing I know for sure is that Bitcoin and cryptocurrencies have a bright future.

Little capital or huge capital, what is important is to understand what you are doing. However, no matter how little you think your capital is (at least to you), you have to realize that profitability is by choice and that is based on how you are able to find knowledge, stick to a pattern you are cool with and trade it accordingly. People tend to think trading should be an easy money making venture, but you have to realize that even with your little or big capital, you can still quickly blow it all away within a short period if you are ignorant.

Yes, it is the time of buying not only bitcoin but also some altcoins. And it is finally happening. Reading charts, drawing some lines that is possible resistance breakout and etc. is very important. Bullish trend is happening and I was glad that I bought some coins. At last, profits are coming on my way.

I think it's not possible to have an accurate prediction like this on long term. It's already hard to predict what will happen to crypto currency market on short term, now imagine how hard it can be on long run. There are several events that will impact the market positively or negatively.
And sometimes there is no way to know what events are these until they happen!

Usually, long term predictions are very positive, their goal is to increase investors confidence and trust on the market, not necessarily to predict a real scenario.

For sure we are going to hit another bull run soon after seeing the market condition for the last few weeks,it breakout $3000 and keep going for the next resistance level probably there will be a huge psychological win if can reach $6000 in few months.

when seeing the previous development of Bitcoin the comparison between today and the previous thing will be same like that if you hold right now in this situation there will be a cute possibility of multipletimes  of development in available.

It is possible to have such action in the future, but the certainty is very small. Because, bitcoin still could not live to fit the chart. It is still new and more likely that it will step out of the chart.

Yes, anything would be possible in cryptocurrency as we know it was still in early development on which there are many possible ups and downs happen anytime because of its limited supply and good project that encourages investors to invest and hold to make the price huge in a long-term.

Everything is possible, especially on crypto market. So there is probability that your scenario could be realized.

It that case, we expecting more price movements in the coming days as investors giving trust again with crypto. The used of crypto will nearly be into the realization period where many individuals considering this as a currency aside from being in form of investment. It will be more valuable if people will take a look into this and accept crypto.

This is a very bullish scenario and one I wouldn't mind coming true, I believe BTC will turn parabolic bull this year again around the end of it.

Yes, some levels of the chart appear to be possible. Of course, as this market has a volatile nature, some deviations may occur at specified times or times but I think the price levels mentioned are not overrated. Maybe it will be a little later, maybe a bit later, but the Bitcoin price will surely push the $ 50,000 limit in the coming period and will exceed this limit after a point.

Actually that might can happen. Maybe if a lot of people start to adopt bitcoin, and then get help from next halving event. It means demand will increased so do bitcoin price. Or maybe if good news keep coming bitcoin price can increased too.

I believe that technical analysis works, but in this situation I don’t really believe in such a scenario of price movement. Moreover, the market situation often changes and there are many external factors that affect the market. Moreover, it is difficult to predict how events will develop from a fundamental point of view. This can not be ignored because if regulators in different countries adopt a loyal to Bitcoin legislation, it is quite likely that by the end of 2019 we will already see new historical price highs. Or everything can only get worse if regulators begin to tighten their policies in relation to cryptocurrency.

It may of course. The possibility is always there for any scenario. Though some ta's from specific traders tend to have bigger chances of hitting the closest to the outcome. I just wouldn't want to stick to any ta's for my trades since historically, i made better when i stick to my own game plan.

this chart look quite interesting because when will be lots of availability in this development so that its must have lots of options to make their trading field more a world with the buying of Bitcoin in today situation I hopefully it will be more developed at the end in the future of this year.

Its not impossible mate because you have to keep it on mind that its "Bitcoin" which got a supreme power to change the whole scenario anytime. As a crypto user I have my trust on BTC completely and the current situation is giving us signals for something big. Honestly no one can't say exactly about the upcoming scenario but we can hope that it will be on favor of crypto universe.

My self prediction about BTC isn't too far from your one but not expecting something over magical.

As traders we must know if we must follow our instinct. Because if we follow others, we wouldn't know how to solve if problem happens. Even loss or profit, trade by ourself is make us grateful

Well it looks like we forgot one important factor here, which is supply and demand. Obviously is there is more demand for bitcoin then the price could go up, regardless of what the graph or TA is saying. We shouldn't make things complicated, from the look of today's market, there are more demand, the volume is going up which make the price spike.