Bitcoin Forum

This afternoon I tried to predict the movement of the Bitcoin, using the candle and indicators that I could and the prediction will run in real time at tradingview. here I only share screnshot if you want to know my predictions can be seen in the link below in real time.

https://www.tradingview.com/chart/BTCUSD/ynGK1V16-find-out-the-dangerous-zone-and-the-best-point-to-buy/

If you think my prediction is correct? or any suggestions for me

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

https://i.imgur.com/yswPfR6.png

If this local move is an impulse wave (the blue scenario) then your prediction may be right.

I'm beginning to wonder if we'll form a larger sideways formation like a triangle though. The $7,200-$7,300 area might be a good zone to watch in that case.

The red count, or something like it, is definitely my preferred route. A good few days of sideways here could easily propel this chart to $10K.

I think that in general it’s still quite a realistic forecast, and with a high degree of probability this is exactly how events will develop in terms of the price of Bitcoin in the next two to three months. In general, I support this forecast because I myself think that now Bitcoin will not fall below the $ 7,000 mark.

It is now easy to predict bitcoin price because of the condition of the market currently. We are seeing many speculation this days from both posting and articles and everyone is pointing to a bullish trend in someday or months to come.

I assume that the bitcoin price will calm down and there's will be 2-3 months of the price moving in between 7K and 8K USD.After that period,we will see if it has enough support to jump to 9-10K USD.
This is my point of view(it might be wrong) and I don't rely 100% on charts and technical analysis.

But no one can say exactly what will happen so we can't simply believe their words for investing our money.

With how the support react when the market do the sideways and fall back, I also assumed that $7k can be the next support level, from here, if the market showed some flat movements and continue this current value, maybe next month some good things will follow this market and value will be
lift up, more adoptions will bring new positive growth.

Nowadays no one is simply believing because they are all monitor the market and buying more crypto in bear market. This year market is going to moon so Bitcoin is the perfect choice for crypto investment. The continuous improvement is make some dump and again it will move forward so Bitcoin is the good zone for this year.

This can be what I am wishing actually so that we can see bitcoin stabilizing at this level or its volatility can play within this parameter before going forward with $10,000 as the goal. So if we give this around 3 months, we are almost in September with that which is nearing the start of the last quarter of the year. Hopefully, bitcoin can see $10,000 before the year ends.

I think the best buy in we will not see again and we need to wait more, but i think now is still a good option to buy now and to hold for longer because 7000$ we can't see again soon and if is red zone is better to hold for a bull run.

We don't get to know when there will be some form of forward growth or downtrend in the market. At this moment I believe every dip can be considered as a point to buy. Quite often there will be continued price fluctuation, but it is hard to find the low bottom. Doing your own self analysis about the market and making the investment helps with better earning through the growth.

Buying all in if it drops to $5800? Why would you do that? If it drops that low right now it would mean a trend change, it would likely be a weekly trend change as well, seems like a random zone. The first zone seems like a better zone to buy all in, placing a stop loss at the low of it.

it's not a random zone. even if we broke through it relatively quickly on the way up, it's a major support/resistance level on the long term charts and lots of volume was exchanged there throughout 2018.

we also consolidated there for a week in early may so it's basically the first obvious short term support area if this breaks down again.

that's still unpredictable and i guess some people have already created a similar pattern at the first wave of this bullish trend. You should put the possibility of to worst to happen too.
I can't say if that's correct because fundamental must be involved in this case too. I wanna try to say if that's more than 50% accurate.

5800 $ is the worst possibility if the first zone is broken, because in the first zone I predict using fibonation where fibonation lies 0.61. so in my opinion the zone is the most dangerous zone, if you don't want it to 5800 $.

The market has shown its strength for the past few weeks, but you cannot be sure about how the market will behave, we might see a big correction before the big rally, there is a plenty of time till the next halving and during those period anything could happen in the market, the recovery process was really fast and i felt like the market recovered too fast for my liking, i was having my plans and calculations but the fast recovery halted some of my plans.  ;D

Nice graph it simply shows how the btc market price could move. Yeah this may happen as it seems the graphs show realistic approach of how btc market price moves from the past. But, I could disagree on the title of the thread started by OP about the dangerous zone and the best point to buy BTC for we know that if one is a long term holder then buying BTC now would not affect on one to earn. The BTC market price moves upwards over the period of time so it is a guarantee that one can earn in the future though it may have bigger risk compare to when you buy BTC smartly.

That is why I don't believe in predictions too much because there are tons of predictions, almost all of the crypto users are predictors with different ideas where bitcoin will land. I buy bitcoin whenever I have spare money, I also bought at last ath but that doesn't mean I regret it because I stop my loses already when it was declining. The predictions that only I believe is my own, and what e ver the outcome at the least case will happen I won't be blaming other people aside from myself.

First of all everyone should know that you can create charts that predict any movement at any time at all, give me a tradingview blank chart and I can show you 3 different scenarios of bitcoin going down, bitcoin going up and bitcoin staying the same. So, charts literally mean nothing.

Nonetheless, even with that said I think anything under 6 thousand dollars could be seen as all in price because I doubt it will ever go in that low or even if it does then it will have ton of money in fiat to regroup and rebuy so it can skyrocket even faster, that is why the buy all in zone could totally be agreed. However that could also create a wave of sells that drop the price even more so who knows which one will happen, we can only assume and none of it means anything unless it actually happens.

If charts meant nothing people wouldn't be able to trade this market. Traders just go with the most likely scenario, and if you follow the trend, you'll end up doing well.

In some cases there isn't much that you can do if the demand is so strong that it ignores resistance levels as if they don't exist, but these cases are exceptions rather than frequent occurrences.

I think people's problem with TA comes from how news outlets and so called experts have turned it into a meme due to how often they end up being wrong. Based on that I don't blame people for thinking TA sucks, but doing your own research and actually learning TA yourself would quickly expose their silly predictions. ~95% of everything you read related to TA is noise. Finding the other ~5% of useful TA is quite a task if you don't know what to look for.

Not sure what you mean exactly by dangerous zone but I can tell you that waiting on the sidelines for the "best point" to buy Bitcoin is exactly that: dangerous. When Bitcoin (yes, when, not if) eventually returns to its ATH and beyond, you won't look back much on the "savings" you made getting into Bitcoin at $7k instead of $8k. Dollar cost average sounds fancy for a lot of people but it's really just simple and it works.

Get in when you can, and keep adding to it, anyone who's done this regularly even over the last 2 or 3 years (2016 is when it started for me and that's fairly recent) won't feel the bite and will not be less happy than someone who primed and got lucky at the bottom.

I don't understand these charts and I never followed one
You guys have to consider this is not an exact science, it's all related to trends
It's hard to buy BTC at the price chart shows if BTC is in a really bad trend for example

As volatility took place during price surges, I think it's dipping lately. That's the best time to buy and hold another portion of bitcoins which you're going to have. Don't miss the biggest chance before we will experience the best market that might show up randomly. I knew it's kind of mysterious after such quicker rise and then suddenly back to $7k. Price corrections is somewhat so hard to predict, but we need to focus and don't mind those FUD and FOMOS behind because they've caused a lot of resistance on bitcoin price recovery.

Honestly, most people are terrible at applying TA. This goes hand in hand with the idea that the vast majority of retail traders fail and lose money.

Trading and practicing TA successfully requires rigorous application and also the ability to control emotions under financial stress. Most people just aren't cut out for it. Most newbies use TA to confirm their biases, then they ignore risk management basics and trade emotionally........then they blame TA for their failures.

If you really want to make money from the cryptocurrencies market or any trading assets then you should take the " trend as your friend". Buying at the low price and selling at the top is the cycle of the best investors and you really have to follow those cycle if you wish to be part of successful traders.

Yes, I follow the trends, not any chart
But it's almost impossible to do the "buy low, sell high", because who knows the dip and the highest price?

I follow trends, when prices starts to increase due to a good trend, I probably buy, little by little
When the trend is bad and the price start to decrease, I wait a little and sell in parts

It's easy if you're buying into Bitcoin believing in its long term potential, but that's completely different for most people here because they don't know the difference between Bitcoin and an ordinary shitcoin.

People aren't investing or trading, but gamble with nothing but hope being their main driver. It's not for nothing that a lot noobies here rehash the same nonsense where they point at positive thinking being the most important factor.

I wish it was that simple. I would be a millionaire if positive thinking was the path to success.  :D

It's hard to rely on this technical analysis since the market has been really unpredictable. This might only cause us confusions. It's better to have our own observation and apply the basic strategy with less complication to make firm decisions when trading.

I don't think if one buy bitcoin at this time is a dangerous time, unless it's for a short term which means the person intent is to trade the coin and not to hold, but if the intention is holding, then I don't see any need for one to be concerned at which time they make purchase of the coin since they are not ready to sell off until the moon in price begin, so I believe this concerns should just be for traders and not for everyone in the crypto community, so I think this topic should be moved to the trade section of the forum.

His prediction could be true as we know that everything could happen in the cryptocurrency. But I see that he write about buying all in the second lower price and I don't agree with him. There still a possibility for the price to break the low barrier of the chart and if you were buying all in with all of your money, then you cannot buy more bitcoin at the lower price IF the price is down deeper than your price.

So, you would rather rely on intuition to predict coin right? This is what usually make some of us who are profit takers find it very difficult in making decision on when to buy and when to sell because we don’t follow analysis.

The best way and most effective way of really knowing the next direction of bitcoin is when you use your analytical tools to predict, Technical analysis is very reliable when it comes to predicting the movement of these coins in a short term trade, but for a long term prediction, fundamentals analysis works perfect because from news and some factors around, you will be able to know how people will react to the market.

It's extremely hard to see bitcoin falling back to $5-6k any time soon given how the sentiment has shifted recently. But if it ever does, I certainly think that it's an excellent accumulation zone.

I personally still believe that this bull market is only in its infancy, if you look at how long bull markets last historically as well as when they usually peak out in relation to the timing of the halving.

Given that we're only around four tenths of the peak of the last bull market, I think that dollar cost averaging over several weeks or month still makes a lot of sense for long term investors that are willing to hold for extended periods of time.

If your a long term believer and have no faith in the FIAT money system, then every opportunity you have to spend that FIAT for BTC= a good time to buy, especially when we are hoovering in these under 5-digit prices, these are dream numbers in term of buying BTC

Did you have to drag me down to reality? I mean, I sort of know, we all sort of do, but every now and then we want to see the world in a slightly brighter light =p

I've seen this before, really. Long before Bitcoin. Think I even saw MLMs eat people up the same way when I was a kid. It's all the same messages, same methods, same arguments... shame they can't see Bitcoin actually isn't the same.

And yea, on positive thinking. Think the only people to gain anything of tangible value from that are those motivation gurus. Wish I could make money like that, peddle a little blockchain here and a sprinkle of Bitcoin there. Problem is not being able to keep a straight face...

Maybe this can help you:

By looking only at the yearly lowest dollar value you'll see that Bitcoin is always  more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Source: https://www.youtube.com/watch?v=5TMygwWv4dc

Right attitude wrong plan. I know all of us here who aren't able to catch the train have this kind of mindset now but the thing is BTC is on a dangerous point to be bought right now. If you really don't know what to do you might end up losing and carrying BTC as a loss in a long time. If you do value your money you must have believe in Bitcoin when it was not going up, and that was during BTC being in the 3,000$ level, having that kind of thinking now will only put your money in danger.