Bitcoin Forum

Hey

See this news :- https://www.tradingview.com/chart/BTCUSD/BVf3A4dJ-BITCOIN-Golden-approaching-on-3D-Will-history-repeat-itself/ (https://www.tradingview.com/chart/BTCUSD/BVf3A4dJ-BITCOIN-Golden-approaching-on-3D-Will-history-repeat-itself/)

Bitcoins is actually down right now and the people are actually saying how it is down and won't be able to make it again to 20k and things like that , one should understand that there is always 2 sides of the situation and we can always see some good news.

Might me interesting for everyone since it states how there is this golden cross that the investors are calling it , after crossing it , it will straight away rise higher and higher.

That is not news! that is technical analysis of someone on a TA website called tradingView!

you mean the same people who when price was in $3k range were saying price won't go up again and will instead drop to $1000?

i am not really a big fan of TA when it comes to bitcoin but at least this one is among the better ones although i still wouldn't count on it.

We have saw this rule a million times in this forum so here it is.

The golden rule when bitcoin drops on a cheaper price.

https://i.imgur.com/5kCPllj.jpg

Yes, history will repeat itself and its too impossible for bitcoin not to reach the level of $20k again, its just a matter of time and more good news for sure. We don't need to panic, just wait for the bottom and do your best to buy more because whales are also doing that so it means we can do that too. I'm one of those waiting for the bottom if ever. :D

Technical analysis alone is not reliable info about the price evolution.
It's not the first time this year when TA gave "certain info that Bitcoin will rise" to <enter value here>. OK, Bitcoin should rise from the golden cross. But that doesn't mean it will only rise from now on. And certainly the next high value is not known.

IMHO technical analysis is another kind of price speculation activity, it's just fancier and more convincing than saying "I think Bitcoin will be worth $X". I don't see science in that, and at best it's slightly better than a random set of predictions. It can self-fulfill its prophecy, though, since many people are convinced by TA. So when they read that Bitcoin will start growing in price, they experience FOMO, and Bitcoin actually starts to grow. So yeah, I am happy that technical analysis is a thing, and that it is promising the bright future to Bitcoin long-term. The first picture, though, offers another bearish year, but I hope it won't come to that.

Yes definitely, Bitcoins is sure down right now but it will most probably hit 20k by Christmas. This is what is the most accurate prediction out there.
We should hope for this good news to be True.

That's a tradingview site mate. That's definitely not a news. I hope what the analysis says become true but I would certainly not depend on it.
Predictions in crypto market is like shooting a bullseye with eyes closed. You may make it, but it's all a luck. I have seen many predictions gone wrong some times in a positive while the rest ending up too bad.
So never depend on any predictions, instead prepare for the worst while hoping for the best.

Agree, it's only analysis from someone about the comparison of the bitcoin chart with the previous year, some charts look the same as the previous year but a new chart will be formed that cannot be predicted with certainty, making it just a reference

Bitcoin is down because India has going to make a law that will make bitcoin trading illegal and criminal, with prison for the ones who are doing it.

1.5 Billions of People and the Economy that has the most grow in the world (9%) out of the crypto, that's huge, even if 99% doesn't know what a Bitcoin is.

But a good news will come soon, you can trust Trump to scare the world with WWIII again in a psycho twitter bullet posting. Just wait a couple of days...

Seeing these kind of news does really give some boost up and hope but when it comes to technicals I don't really believe too much.It isn't precise anytime.Moving averages that crosses out on a specific time frame do give out either golden cross or death cross.There would be only two ways,it might repeat or just simply to the opposite way.

Who doesn't like for bitcoin to run bullish ones again?We miss those green candles but hopefully it wont really be that fast.

the "news" has been saying India is banning bitcoin for nearly a year now and nothing has happened yet. not to mention that these types of news have gotten old already, they repeated it so many times for China that nobody cares about it anymore.
as for the 1.5 billion people, since they weren't trading on regular exchanges and were either trading OTC or in their own Indian exchanges, their existence in the market and their absence won't affect the price at all.

The trading analysis chart shows the growth pattern, and this isn't a big news that could pump the growth of bitcoin. Experts predict according to the market situation prevailing around, and this doesn't mean that the predictions will come true. Even if some form of price crash happens the trading analysis and the predictions will change accordingly.

We're still not so sure about that. We are already in the middle of 2019 and yet the price of btc is not making significant changes. The current price of btc up to this moment is $9.6k+. Well, the climbing movement of the trend is a pretty good but the question is how long will it last? So I guess expecting that btc will gain its ATH or even just equalizing it before tge year ends remains uncertain.

I also believe that every case has two sides, it doesn't matter at all when the price is falling down or levelling up.
every coincidence could bring a good shape for every case. people have a lot of prediction about the future of Bitcoin and they are doing actually what they are catching up based on the present scenario. But for the shake of future purpose, We have to look forward to the market assumption of many experts. so there is a lot of opportunity in this Bitcoin platform for the future purpose.

I have seen atleast a hundred of Technical Analysis about the same issue but yet basic still happens and that is volatility and the supply and demand so what can we expect about this?

Losers will always lose and winners are those who’re willing to risk

Bitcoin investments is a roller coaster ride if you are not ready to fall down then don’t attempt to go up simple as that

Although the situation this year is different compared to the bullrun of 2017, bitcoin still have the ability of reaching $20k again within three months at the starting price of $8k to $9k. If the present trend of the bitcoin improves more in the remaining three months of this year, there is a big chance of another ATH before the year end unless future negative events stops the bitcoin in reaching it.

We will have to see how it goes, I also said in the previous thread that we are fast approaching this so called golden cross and it could bring a new positive vibe around the market. But then again this is just TA and it's no guarantee, so we might as well be attentive and cautious and at the same time take advantage of every opportunity this market brings.

Please, stop thinking that bitcoin will move to $20k again, we should be doing some strategy on what going on to present..

I read of this analysis yesterday and it is some how explaining what we expect to happen The yesterday closing candlestick has form a bottom and we should expect a very strong bullish trend that should get bitcoin above $20,000. For those that are still selling out of panic you should expert to regret because bitcoin is better now than last weeks. Remember USA interest cutting is also coming by Wednesday and at that you should expect dollars weaken against bitcoin.

When the price drops is the best time to buy bitcoin, so I see no reason to worry about it

Correction is necessary and I already saw what I expected to see, it's something that is not worth to panic because if we will look at the bigger picture here,  price is still up and we know bitcoin is capable of giving us a surprise pump.

Though I have a little doubt with the way the price moves, but I would not underestimate bitcoin capacity reaching $20,000 this year.

When btc was 20k nobody believed it was going to 3k.when it was 3k nobody believed it will be 10k again.thats the psyhcology and its key to win.

There's always been a big difference between news and technical analysis. This kind of technical analysis are pretty much common and maybe traders like to follow those news . If tomorrow any new countries government make an announcement or press release that bitcoin will be accepted legally on their under their ministry of finance than you can call that a perfect news for bitcoin.

Although sometime this kind of analysis add some extra pace to bitcoins price run. Honestly every single thing depends on investors movement.

This is just a review of what a certain individual feels might happen to bitcoin which is why it is called technical analysis. Analysis like this is common from several bitcoin analysts, some use it to spread fud while others use it to attract newbie to the ecosystem. If this was to be a news then it would have been for the betterment purpose for all. But still nothing can be predicted in the crypto space.

Hope you're right. I'd like to see BTC reaching $15k or even more.

Any growth of Bitcoin directly depends on the actions of whales that manipulate the market. Unfortunately, Bitcoin is volatile and the manipulation of big players drastically changes the market situation. Just wait, I think that to the end of August traders have a chance to see growth.

Be patient, bitcoin will still be an idol. Not just about price but also popularity. The current price of $ 11400, it's been pretty good since January 2019. Thank you.

maybe I feel that what has been analyzed by many people and observers who understand bitcoin is already a lot. but seeing the experience of 2018, none of them can accurately predict. now whatever is said is an encouraging spice so that we are not bored with crypto, at least there is hope that lies ahead of the progress of bitcoin.
all possibilities can happen and of course it is a positive thing.

Great words. We need to stay positive, there are equal odds that Bitcoin could rise or fall.

"Golden Cross" I have heard this word here much time, can someone please explain what exactly it is? Because only after that I might be happy with this news.

This is just a mere talk, they are not seeing the hand writings on the wall that nothing can stop bitcoin from hitting $20k this year. Let's fold our hands and see what happens next. Bitcoin is on her up to shock the doubters