Bitcoin Forum

I read somewhere that Bitcoins according to trading investors generally gives off parabolic signals which marks increase before the actual event.
Right now if we go according to them, it have just given a parabolic signal for increasing tremendously for a 5th time now , no one knows how high it will plunge, but it will be followed by a huge sell off in the market ( offcourse since many are here for short term gains ) thus the price may then plummet to where we all started from , what do you think ?
Will it go that low, after the price surge ?
Please share your views.

I don't think so, even it's possible. Please take a look from fundamental side, Bitcoin will have its block reward halving in next year and it can be a sign that Bitcoin price will grow more, perhaps it can surpass all-time high and create a new one. Do you think Bitcoin price will dump so hard while it will have a big event? It is possible too, but take a look of historical data somewhere, what happened when Bitcoin had this halving event, the price was increase significantly and dump never happen at that event.

It's normal to see Bitcoin has price correction side way, but it's just for a while. Long-term investors don't really need to be afraid of FUD, there will be a time when everything goes up and make sure you are not the one who are too late to join its flight.

The consensus is that we have just entered a bull market and are in an accumulation phase. Traditionally bitcoin rises sharply before and after the halving, so the market is very bullish right now. After the parabolic rise, we are bound to crash, but we will not reach the lows reached previously, most likely.

One thing I can see with this, the possibility that the price will pump is high but the holders will sell their coin immediately once the price reaches the 10k mark, I read about it that their target selling price is 10k so it will be hard for bitcoin to direct towards the bull run because it will be pulled by the holders.

we may have had a similar price rise and fall once before but you can't rely on that to be repeated the exact same way. but if it is repeated then you can expect it to be like this: an initial price rise which takes some month followed by a bigger rise where price shoots up and finally the bubble somewhere around $100k and then bubble burst down to $50k.

no, you can't say that for sure. just the same way you can't tell ow high it will go you can't predict whether the "correction" after it is going to be "huge" or not.

no it won't because that would need bitcoin to be a pump and dump coin which bitcoin clearly is not. and as you can see even though some of the drops in the past like 2017 were huge but the final result was still way higher than where be started from.

Can you share with us the source of that info?Some article?
If it was so easy to predict the bitcoin price behaviour(using those "parabolic signals")every trader would make a lot of money pretty easy.In reality,it's not that easy to predict the short term bitcoin price patterns.

Well, we expected that BTC will struggle for some time close to $8000 levels. Same is likely to be once we get to $10000 level. We are speaking about psychological barriers and fear/greed factor before the hype train is going to departure.

Bitcoin doesn't follow a specific pattern. If it were to follow a specific pattern then many would know it and then would sell at the exact high price and then buy at the bottom.
If everybody would do this then it would simultaneously change that pattern by itself. So patterns and predictions are something that bitcoin doesn't follow.

I am not getting your point about bitcoin 5^th signal. To be honest we are meeting with few new words when bitcoin start up trend rally. Whatever saying your technical analysis all of them are depending on new investors. Its like a rotation, investors following technical analysis, chart etc etc. But mainly chart is created by investors/traders, bitcoin just following the trend and that's why I believe on trend much than technical analysis.

At this very point, i doubt anyone can specifically tell the direction which btc price will go judging from the predictions some experts have made previously and the direction the price has taken, lots of people expected btc to correct down to $6500 after that sudden run, but still haven't done that, who knows if it will even touch $6500 or below, still waiting to see what will happen.

A parabolic signal? No, I don't think we've seen that yet. I don't think we're even close to that stage of the market cycle. We're probably still many months or years away.

A good analogy for where we are might be October-November 2015. We've exited the bear market and trapped bears in the long term bottom range. But it'll probably take many months of consolidating and slowly grinding upwards before we go vertical like in 2017.

As for the next selloff.......it's anyone's guess at this point. I would say to be prepared for a 30-45% pullback in value. A pullback from $10K to the $6K area would match the 2015 chart almost exactly.

Aren't we already on a minor pull back ?
What I think is it's right time to buy Bitcoins and save them , because soon enough the bull ride is going to go again .

Yes it's going slowly but at the same time this slow change isn't bad at all , on the opposite hand it's proving to be tremendously dominant over the low price fall off in the past that always happens when it suddenly increases.

I think slow growth is proving to be better than a can of coke , you shake it hard and all the frizz comes out but again dies down fast , it's better like a tea , takes time to boil but at the same time it will take time to cool... More than the frizz for sure.

No more price fall below $7000 again as per some predictions and that followed by the bitcoin as well for a while.After the bull run started we may not see the price fall too much or too often so the signal might be predicted too early which are supposed to happen lately.

A minor one, yes. This was only a 20% decline. I believe this is only a shorter term pullback before another wave higher towards the $10K area.

The major pullback is probably still coming.....later. I think a blow-off top similar to November 2015 followed by a few months of ranging is pretty likely.

Their speculations can be used as reference but overall, it's still a "speculation".

Rather than be a concern on what will happen next, try to analyze a strategy that will adapt any scenarios that might happen. A strategy that might become an advantage whether the price will increase or decrease the next day.

There are lots of failed strong and well-detailed analyzation last year so I'm not really buying into someone's speculation today no matter how professional they are. Instead, I need to focus on things that I might use whatever scenario will happen.

Not sure wich hodlers you mean but I hodl since 2013/14, never sodl and wont sell until minimum of 50k.

It could possibly reach $10k but I'm sure that there will always be a pullback since some holders would sell their coins. After a pullback would be another correction which could lead to a higher increase. Nothing is impossible and we should not underestimate Bitcoin. It will always surprise us.

I doubt that many are on it for short term, right now. I believe people are buying and taking it out of the exchanges, thus decreasing the supply available. When the halving kicks in, then people might start selling, but this is one year from now.

If it's anything like the 2016 halving, we'll see a run-up into the event and a big correction afterwards. The June-August 2016 correction was a 40% pullback, though that one may have been intensified by the Bitfinex hack.

Like 2016, I would expect the decline to be retraced relatively quickly (within a few months). Looking back, it'll be just another pit stop.

Going back to $3000 is somewhat a daring move for the bulls should this be the next target before massive pushes happen. By then, many people would surely lose interest, and any increases following the plunge would only be regarded as a dead cat bounce (just like what happened a few years back). Anyway, $6000 is a likely and easy target for a retrace before ahooting higher scores. Halving is just a few months from now and I'm pretty sure we're set to cover good gains by then.

If we are expecting a big pull-back, it should be around $5800-$5900, but so far we haven't seen that trend as the price is fairly trading on a sideway patterns for now, $7700-$7900. I agree with you that we should be saving bitcoin for the long haul, if we are expecting a bullish run leading up to the 2020 bitcoin block halving.

But right now, it will be a long grind to at least $8400 and the probably we will see a retracement once again.

I think if we go to test $6000 it will fall apart effortlessly just like how we blasted through the 2018 support effortlessly this year. $5000 is still possible in my opinion and it would be a higher low on the charts.

Nothing is certain here, but I would dare to say that $3xxx prices won't be seen anymore if Tether doesn't implode taking the whole crypto market down with it. That's the only risk I see in the mid term.

Short term speaking an implosion of Tether will turn this market in a war zone, but in the long term it will add more credibility to the ecosystem and we have gotten rid of a massive point of failure on top of it.

Another benefit is that you're granted another chance to buy at much lower prices. :)

Tether will implode but i don't think it is going to do that any time soon, it seems like they are just getting warmed up and nowadays people seem to be trusting these centralized high risk exchange coins more every day for some reason that i can't yet figure out.

as for price, i don't see any reason for a drop, specially that big to $6k! and even if it happens it will be one of those sharp drops with a sharp recovery that look comical on the charts.

No, I think it will not going to go down low since the btc market price has surges fast meaning that only a group of people or individual had pump the market and thus cannot sell if they could not earn huge. It is a big investment they made so for sure they should be getting enough when selling and that will going to happen when BTC reach to 10-12K USD. Probably this is the set target that they could earn huge but if they wishes more then they could wait up to 16K-20K usd depending on how BTC market price moves.

Now we see the price still trying to increase higher after it was down yesterday and now I see the price was moving so fast in the market.
That means the price was trying to break the higher price and there is a strong demand at the market to buy bitcoin at a price now.
I hope that $7k will be the lowest price of bitcoin from now, so we don't have to see that price will appear again in the future ;D

Moving forward and set another barrier will be much better, if the pumped which is ongoing again will build a strong holds and begin to rises high now, we will see that $7k will be the lowest before the expected halving will take place and make another good way up.

Yes, if the price can move to the higher price, then we will see a chance to break the higher price even we will see it will break $8500-$9000.
But we need to watch closely at the market so we can know what exactly is going on in the market so we can make a decision.
The green candle itself still on the progress to go to the highest price before and I see we are in a good way to go that price.

you could clarify when you say that the price can go very low? low is something very vague. what we are seeing is that the price is not able to break the resistance that have in the $8300 and each time that tries to break this resistance the price falls to $7800 to $7450. today the price reached  $8094 and fell to $8040, we will need to wait in the next few weeks to see how the price will behave

if this were a pump then we should have reached $3000 by now because pumps are not sustainable, they are ALWAYS followed by a dump of nearly equal size. you can look at altcoins for that matter, they get pumped and people think it can go on forever but then they get dumped on and price goes back to nearly where it started from.

we are in a bull market here and this is a rally or a rise not a pump. and because of that it is sustainable. as you can see the momentum is not being stopped either, another barrier was broken today and we are headed for the next one.

I think even if are some signs and are similar as on past, there is something and always differs from what happen on past, now we are on the start of bull market but somehow is growing with stable range.

The recent market was growing good so no one is compare to signals range because it was growing and little drop at suddenly so surely it was prove the future pump. So right now bull market is occur at the same time we didn't see the continuous pump so we must monitor the future uptrend.

Parabolic increase would be nice for short term trading, but I don't like to see it if the next price movement would result to a huge correction.
As if we did not learn in the last bull run, what happened is we saw a parabolic increase because people got FOMOd but after that, big dumps after big dumps happen, and that is very discouraging as most of us are not expecting that time to see some big dump.

that kind of "increase" happens because the market is still small despite the big numbers you see as volume and market capitalization. and being small means order books on exchanges are not that packed to be able to resist against big changes for example when there is a huge number of newcomers starting to buy bitcoin with fresh money price shoots up and that is inevitable.

Technically, there's still a chance this is a bull trap. In that case, we won't just be heading for $3K in the other direction; we'll be heading much lower. Until we form a higher lower and solidify the uptrend on the long term charts (and that could take several months from here), we can't rule out the bull trap scenario.

Personally I think we're in a new bull market but I can't rule that out yet. Either way, I think there's going to be a hard crash similar to November 2015 that's going to leave everyone wondering if we're really in a bull market yet.

I think that as long as there will be good volume of demand for bitcoin then after even a crash it will eventually push back though sometimes this process can take a lot of time just like the last winter which occurred for months before we have the bullish movement...right now. As of the moment, bitcoin is hovering at $8,700+ and if things can go right this can eventually overcome the $9,000 zone soon. As far as bitcoin is concerned, the way I am seeing it is that it is just following its own history though there can always be peculiarities from time to time. Next year, we are expecting the halving and who knows ETF can be approved soon...these factors can push bitcoin upwards like never before.