Bitcoin Forum

Latest Bitcoin market update is now out. I talk about the significance of the level Bitcoin just lost, my strategy from here and take another look at the BTC-Gold Fractal and what that might look like if it plays out.

https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-24-2019

At this point, the price of Bitcoin has dropped below 7k and is still on a downward trend. This is a sharp decline and we still haven't seen the final bottom, most likely this discount will last until the end of 2019.
Taking this opportunity, people who dislike Bitcoin and sharks are constantly releasing adverse news for Bitcoin in order to lower the price of Bitcoin to the maximum extent possible and force investors to sell Bitcoin. But I still believe in Bitcoin and its recovery so I bought some Bitcoin when it went down to 7k, if Bitcoin went down to 6k5 I would buy some more.

It's a nice opportunity given to HODLers to average out their buying price which we may not see again in future! With Black Friday around the corner and Christmas approaching next month, it's no wonder that the market is seeing some heavy dumping! And the result is sharp decline.

However, I personally see no reason to worry because at the current price level of $6700, bitcoin looks really attractive!

I don't think this sell-off has anything to do with people selling their cryptos to buy Presents for Christmas or Black Friday. Most likely its the typical over-leveraged longs being liquidated and causing these huge price declines. I also think we went up from the $3200 area to $13800 rather very quickly, it created FOMO and people are stuck in their $10K long positons and they are probably being liquidated everytime we hit a new low.

Also keep in mind that generally this time of the year was very bullish for Bitcoin historically. Besides 2018 and 2019, it was generally a very bullish month, hence the theory of people selling Crypto to buy presents just isn't true in this extend.

The only time in my opinion when Crypto selling could of had an effect was maybe the April 2018 time because people needed to sell alot of Crypto to pay huge capital tax gains from 2017 trading. This is probably why we had a relief rally in April 2018 shortly after tax date was due.

Well, at the moment, it seems like BTC has regained its lost ground, albeit temporarily. Plus, it seems like searches for BTC after its drop to 6k spiked. We can assume from this that a lot of people have been actually waiting for this moment to come, for BTC to drop to 6k before they start buying, hoarding and hodling once again.

Bitcoin has passed $ 7,000. I believe there will be an improvement in the next few days, but what strategy is used today is that we look at market movements and then analyze the techniques on the charts and what happens well to buy bitcoin at this time is still good because there is still hope for the best suggestions good from me.

I think it won't have an improvement in few days, i think bitcoin is not reach it's dip yet this year. But most of people predictions bitcoin will recover next year and it will create a new price high because of the halving effect. I think the whales are creating this condition make bitcoin look like low price but in fact they want to buy bitcoin in low price so they can get much profits

I am impressed by the opinion that I will give below:

Big factor to consider with these digital investments is the holiday season especially on december since christmas is approaching. Deep dive is heavily anticipated with the symptoms I see right now. I checked its price, gladly it comes back +$400 than its price early in the morning. I don't mind this at the moment, It is bitcoin, top rank of the market, why would people be anxious about it.

Me too, Only if I could just have some spare money for this I'll probably put it in, with the long time bitcoin's price moves on a short price range and sudden decline is an opportunity at front to grab.  Price is really attractive at the moment and everything could happen one month before this year ends.

Think we run to 7600, maybe 7800 then back down

Thanks, I think we have defended $7k, although there are some slipped in the last 2 days, but the price seems to go back to $7k-$7300 at least. So that's a good sign that people are still investing and the panic that happen is a great opportunity for most of us to buy at this dip. I'm expecting the price to at least breach $7500 in the coming days.

that's not how taxes work. anyone who has significant gains throughout the year but waits until the following april to pay taxes will face big penalties. there are 4 tax payment deadlines throughout the year. april 15th is just one of them. https://www.irs.gov/faqs/estimated-tax

i don't believe in any of these "bitcoin always rises in x month and falls in y month" theories. let's see how that data looks in 100 years. :)

The market is back green now bitoin has grown 4% so the expectation to $ 7500 is very close it will probably reach it in a few days, this is still worth investing bitcoin prices are still low even though it's green too, but I analyze bitcoin will soon touch $ 8000 in a few Sunday.
So this is a good start for entering December which is expected to rise.

Well, bears are still fighting back though. Price still going steady within the 7.2k range and after the comeback from 6500, BTC hasn't seen any chances to fight back for a higher place. Well, we'll see how it goes. If bulls are able to fight back towards 7.4k, there's a chance it may continue onward with its pace.

We're witnessing an all too familiar scenario for those who have been involved with bitcoins for a couple of years now.
The further the price drops or stabilizes at a bearish price range, the more people lose enthusiasm and FUD gets generated. The current price range may hold for a when or it may drop further and be the launch to higher grounds, possibly hitting our current ATH.

now is recovering a bit and improving after yesterday saw a great battle, I only see we are above $ 7k and if it continues until tomorrow we will see an increase in the next few days and the next few weeks, I don't think it will push to the price of $ 3000, there is still buy support at $ 5500 - $ 6000, so let's look at that in the next few days

the price has a recovery to 7300 should be 3000 it will not happen. but I'm not sure yet, is it possible that history will repeat, if you look at the last year December 2018 the price really touched 3170. So it is possible if not this month, next month prices can still fall below 4000?

history might indeed be repeated but I never mention about the month of bitcoin in 2020, the peak is 2021, but most other experts say everything is in 2020, but I still say the peak is 2021, well I know the current price is almost the same as the end in 2018, if the lowest price of bitcoin at the end of 2018 $ 3,000 to the beginning of 2019 soar, if at the end of 2019 this is a low of $ 6,000 and at the beginning of 2020 soar we don't know, let's just look at it later in a matter of weeks and months

History will definitely repeat itself why I say that because in 2020 a lot of updates will be developed, moreover many will preach the adoption of blockchain in the future.
Bitcoin may at this time still be low and can be said to be unstable and tend to continue to fall, but in 2021 many people will know what bitcoin is actually and there is where more and more bitcoin users are turning sky high.

renewal and adoption of what is being developed, if you can provide a source link, I said that historical events could have happened do not need to predict something that is not certain will come about future development, currently there is a lot of market manipulation so silence is better to prevent whales change the direction of the clock, at least let's see it later, just save what you want to say after 2021

I can't be sure what the lowest bitcoin price for this year is $ 5500 - $ 6000. It's still not predicted yet, but I strongly say bitcoin will last at $ 7,000 and the highest in the next few weeks is only $ 8,000 but we have to be aware of that. it could happen worse because at the end of this year there are always bad and encouraging surprises.

Given that the past lowest level was around 3000, it can be assumed that given all the common expectations, getting to this level again will not happen.
Large market players do not do the same things twice, because of this, the new bottom may be higher by several levels, which is consistent with the forecast of 5000-6000.

The bottom is in. Up we go.

I think that was the previous year's news, currently, there is no news about adoption. everyone is more focused on halving, because it can repeat history that makes prices rise higher and can even make new ATH. so don't speculate about the news that will come if there is no certainty.

Looks like the new bottom was at 6515 and this could be a trend revere point. One week lasting resistance at 7400 was broken easily and we could go above 8000 soon.

It is definitely being very agitated days in the crypto market, the price is having a great volatility, something very strange because usually the price increases a lot and then comes the correction, and is stable for some time. but what I see these days is completely different, the price rises a lot out of nowhere, and then back down a lot out of nowhere, and then back up a lot. It is looking like that someone is buying a lot to dump a lot just to play with the market

It looks like the price of $ 7000 is the end of the price decline this month, I don't think the price will drop again below the price of $7000 because I see that at that point there is 0.61% fibonation. if the fibonation is passed then the price of bitcoin will drop again so maybe it will be up to $4000. but I hope not

it shouldn't have happened, because at the moment bitcoin breaks 7500, because when the line doesn't break 7500 and support at 6500 breaks it can go down even further. but let's look at the next few weeks or next month because anything can still happen moreover the chart is a bit similar to the end of 2018. but I hope it's really stable above 7000.

overnight price increases at least holding above $ 7000 is the right decision for all traders to this day, will we see another $ 8000 soon? I am still waiting for the next few days to make sure everything is okay, I still want to see 1 more day tomorrow for the price development to make sure the bull doesn't go away

2019 almost over, all bull hopes for this year is gone. I think it tells us to practice and load more patience maybe next year is the real good year for Bitcoin, but 4 digits price is still a good bargain we mightnot see this prices again in following years (maybe).

when a few months ago I made a technical analysis and tried to determine the price from mid to late December, and I saw that in mid-December the price of Bitcoin could reach $8050. Do you also have a technical analysis for the price of Bitcoin?

If you’re really sad about it, just realize the buy and hold cryptocurrencies to quick profit meme is over.
Trade for your profit in the now, just like everyone else is doing. Having the means to bet against something and profit from a downside (aka shorting with leverage) is and will always be the killer of any idealism.
You can believe in the tech. You can fantasize about how it can change the world. But you can’t change that people will bet against it. Either buy it all up at any price and prove them wrong or trade in the now for your own profit.

You are using the dollar cost averaging method with your weekly buy yet you call yourself a "bottom caller" in your article which completely is the opposite point of using DCA, you are looking for shorts and bearish reversals and you have mentioned dca which made me believe that you really don't know what you are talking about and the main point of your article is just to promote your weekly subscription for 60$ which I personally don't think is even worth it for our money. You even fail to connect the "Gold fractal" you mentioned to any kind of movement BTC will have because of it, you literally just ended your article with your readers figuring it out on their own.

prices bitcoin can rise above level 10000 usd fast ; all traders need pacience and hold then if prices reach above 8500 usd per btc it is easy for prices continue the bullish trend ; who do not remmember the last rise from 7500 to up 10000 usd per btc in less then 2 hour i think

The darkest hour is just before the dawn, in terms of selling and that chart showing us just moving downwards.   I agree it can look bleak but its fair to take the price as moving with more elastic motion then simply one direction only so there is a trend possible with bias either to upwards or negatively but it will never move simply in one single direction even while it might be in a negative phase.    It would be far too simple to only do one thing, we could all short a negative price and easily gain I wish it were as uncomplicated but its always a mix and thats a real market so a good thing overall.
   I can easily draw that conclusion now some days later as we have risen from that low point so its become obvious we do have buyers available and the market even if negative becomes exhausted to just selling.   Shorts if operating in a price also serve to be future buyers as they must rebuy the borrowed Bitcoin sold.

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

If we take a broad simple view just going on the idea we have a channel downwards.   At certain points we should look for positivity and excuses to be involved as buyers then other times sell after we have had some gains.   I try to be in sync with that repetition if it proves true, so target roughly now is about 8000 seems like.   Thats just a guess and hopefully Im awake and remembering that bias for that moment and in the noise of the market.
  Also 50 day close by

but keep in mind that every bitcoin price increase needs to go through several processes in it, not as easy as you think. as of now, prices in the range of $7300 do look close to reaching $10,000. I think to reach the price of $10,000 if there are no two supporting factors such as Fundamental and Technical Analysis it will be difficult.

Latest weekly update is now up: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-12-01-2019

I also don't understand the current bitcoin movement. going up a little and then going down again I think the bear market hasn't started yet and right now we're still in the bear market. bitcoin prices are very volatile under these conditions i think the best decision is to stay hodl. Bitcoin investing does require patience because sometimes the market doesn't move according to our expectations. we can only pray and wait until next year bitcoin starts entering the bull market.

It will be difficult if we will about reaching that in short period of time maybe we cannot experience that to be reached by this year but provably in next year we will see those things come up since the price prediction for next year is quite positive and maybe we can surpass only $10k or even more since halving is a plus additional strong fact and for sure other things will come out  as soon it will hit the grounds.



Bear market continuously affecting us right now that's why we can see more downfalls and stability hopefully by next year we will get out on this shit and earn from our bag holds.