What if the whales decide to wreck both bears and bulls in the next coming weeks? At the time of this post, Bitcoin is trading a bit above $9700.  Now we are well aware of the big resistance at $10500, placing a short with a stop loss at $10600 sounds too easy, too obvious? Whales could destroy all those bears and liquidate all these stop losses. Then everyone would turn bullish because the resistance has been officially broken. Whales now can destroy these bulls, go to $11795 area to fill the gap on the future exchange. Coincidentally, our Fibonacci gives us $11765 (Fib 100) since the last $8600ish bottom  Would be amazing if this happens. This way, the whales ruin both bears and bulls. Our lovely downtrend is back from $11.7k to go below $7000 for a first take profit target (that would be around $6700).  The move from $11.7k to below $9.5k needs to be quick, similar to June 2019 when we touched $13.8k then dropped very fast from there (gravestone doji).  A quick drop is necessary so the monthly candle of June 2020 doesn't close above $9.7k, this is necessary to stay in the bearish triangle that started since December 2017. Best way to benefit from such possible move is to wait for $11600 and short the market from there, with a tight stop loss above $11.8k. Wait and see  tl;drWhales troll the market, pump to $11.7k then dump with a possible crash to $3.1k area. A more boring version is we reached our top for 2020 already and Bitcoin will not break the $10.5k resistance. More boring but also more expected at this stage.
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^^ Next 30 years are critical... Okay 20-30 years 
 Let's not fool ourselves. Bitcoin will no longer be in 20 years from now. In a world where ecological awareness is growing everyday, the idea that Bitcoin, a disaster for the environment, will still be there is very naive. For now I love trading it, and plan to buy 2 more BTC at 5k soon, to sell 100% of it at the next bubble top (85k) that should occur before 2025 (and this answers the poll's question too) but Bitcoin in 20 years? Dream on my friend. Even the most voracious financiers of London's square mile agree that a greener world is the only way (source: https://www.youtube.com/watch?v=qWdL5VtFCxQ ). Bitcoin will be among the first to fall. 2020 is showing already that a new world is coming, and that will be without Bitcoin. We will be lucky enough if we can cash out at 85k in the next four or five years my dear friends. |
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Week-end comes and strange things happen sometimes during week-ends. Will this mean a drop? Maybe (not convinced, but anything can really happen). But sub-6k, I highly doubt it. However, you are calling for sub-6k drops too often and this will make you lose credibility. And it won't even matter if such a drop will happen or not. Read about the user kwukduck and his predictions  Usually we have some liquidation as during weekends. But it doesn't mean that bulls are resting, they can still push the price if they wanted to. How many times did we say that the market is going to be bearish, but after 24 hours, the bulls remain on top of the game? Almost all perma-bears have lost their credibility here, even those so called 'expert's. $6k? I'm not really sure if we can go that low again, unless there are some FUD. Triple top around $10,500, this is absolutely bearish.  More info: https://www.investopedia.com/terms/t/tripletop.asp |
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It's one thing to take a set out of Rafael Nadal on clay, but as the match goes the distance, you know you are screwed unless maybe you are Novak Djokovic (the 2009 loss to Robin Soderling doesn't count due to injury and parents divorcing). Connor McGregor thought he was fooling anyone when firing all cylinders during 5 rounds but Floyd Mayweather winning was never in doubt. A triple top (October 2019, February 2020, June 2020) isn't good for the bulls. Now maybe there is a slight chance we see 12k as there is a CME gap at 11.9k but once this is done, no reason to be bullish. We know 10.5k resistance is strong, breaking above and yet returning back to 6k would be a big troll job and it wouldn't surprise me at all. No one is expecting it. Time will play in favor of the bears. Rafael Nadal in 4 sets (max). As usual   |
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So if I see well, the top line considers the wigs of the candle, while the line just below considers the body of the candles. I thought the latter was more relevant (wigs are not really meaningful) when looking at long term trend. And now that we noticed there is a CME gap at 11.9k, it wouldn't surprise me if Bitcoin price peaks around 12k for 2020 and goes bearish again to finish the current cycle. Not the scenario I see as the most likely but possible. Most likely IMO is getting rejected at 10.5k just like in October 2019 and February 2020. Exciting times regardless |
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Looks like we will again get rejected at 10.5k? Or... go to 11.9k because there is a CME gap at this price?  previous gap at 9.8k was filled, so you never know, 11.9k could be achieved before filling another gap at a much lower price, 3.5k would mean 12k is the top for 2020 even though I am still confident we will not get past 10.5k, could be wrong though, wait and see. |
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2 or 3k is very welcome, even though I am bullish in long term. Have some fiat I want to get rid off before the covid crisis hits.
Be careful what you wish for. If the market goes to $3K, there's little doubt in my mind it's going much lower. Too much time has passed and too much accumulation has occurred for a double bottom. If $3K, then this becomes a decent possibility: Yes, his target is $771. Triple digits. I don't think $3K is likely at all however. I'm not worried about that scenario until and unless the market is trading near $5K or below. A Fibonacci retracement that far will be a warning that the March-May bull market has terminated. Contrary to what many here, I never ruled out the possibility to see Bitcoin at $1000 again, this is still the most important price of Bitcoin history, the price stay belowed $1000 for longer than it stayed above. I don't believe in $771, I haven't taken the time yet to look closely at the chart you posted but I believe $1000 is a very important and very strong support, though there would be huge panic among long time holders, but many newbies would buy at this price. Hi, Both scenarios look possible. I would prefer to see a double bottom at 3.1k area (same low an January 2019). That would be very good for a trend reversal in the long term (2022 and beyond). I would finally become a bull! I saw famous analyst masterluc predicted a lower low around 2k if the downtrend continues  unfortunately looks possible as well. What is the most likely scenario, and why?  Why do you think that the Bitcoin price might crash to 3K USD or below 3K? Why do you think that both scenarios looks possible?Can you post your analysis here? It seems to me that you are one of the guys,who just wait for the Bitcoin price to crash badly,so they could start buying cheap Bitcoins.You are too lazy to learn crypto trading and too afraid to take action and buy Bitcoin now,so you just wait.Am I right? I don't know anything about the "famous analyst masterluc" and I don't know why he is famous.Can you share more of his analysis? 3.1k = double bottom (January 2019). 2.5k is more of a random number, just a lower low. |
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Imagine Bitcoin price floating between 9k to 9.8k for the whole month? That would be the biggest troll job of the history. But there is hope, there is a gap around 9.8k to be filled, once the CME fills this, perhaps the fall can begin for good? |
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I am ass licking
lauda newer was kindest and helpful you just another stupid ass licking asshole and all your story is fake Seems like you didn't read my post in full |
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I think Lauda deserves a pass here. When I joined this forum, not long ago, I quickly noticed Lauda was one of the kindest and helpful posters around. Always very polite, always ready to help, I also saw she has a nice sense of humor. Most newbies I discussed with were very happy to receive Lauda's help, overall there seemed to be a consensus that Lauda was one of the pillars on this forum, and one of the reasons why bitcointalk became very popular over the years and a very successful community Honestly Lauda should stay and is here to stay, one of the best posters I have ever seen since I first got Internet and seems to be a genuinely beautiful person. Just kidding. Ban this shit fly. |
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A very good analysis .. Bitcoin Breaks Key Hurdle: Here’s Why It Could Revisit $10,000It is testing the 23.6% Fib retracement level of the recent rally from the $9,108 low to $9,624 high.  Technical indicators:
Hourly MACD – The MACD is slowly reducing its current bullish slope.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 60 level.
Major Support Levels – $9,350 followed by $9,300.
Major Resistance Levels – $9,650, $9,800 and $10,000. Source: https://www.newsbtc.com/2020/05/29/bitcoin-btc-could-revisit-10000/Good chart. Agree with the resistances mentioned, if everything goes as planned Bitcoin is on his last leg for an heroic effort to touch $9750 before crashing for good (to 6.8k area, first "easy target" before going lower). Please note that $10100 would invalidate the downtrend but this price looks very unlikely, $9800 resistance should be too strong as the bulls are missing the firepower |
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Bears are still in control, bulls are sweating There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we make a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!  Best of luck Although your "desired" (?) trend line is downwards, the market went up in the last ~24h. Not much, but still.. let's be honest and admit that the bears are sweating too Surely a bit of a stretch to consider bears in control in these times, but hey dreamers are gonna dream. Indeed my friend, "in control" may not be the best word to describe the situation but you get the idea. I will be a bull when I need to be but not now, there are enough signals in the charts for a big crash coming in 1 or 2 weeks once May closes under 9.4k. This should be quite devastating and it is better to be prepared. @nutildah: usually don't care about this kind of news to be honest, but thanks for posting |
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Wow look who's back. Bears are still in control? Muahaha, made my day... bears were in control last time back in 2018! Corona dump wasn't planned it was caused by force majeure and weak hands (mindrust reference goes here). P.S. And get your BTC ready to pay to LFC for your lost bet (I doubt that you have any and/or that you're planning to pay).  Rejection again at 10.5k in February and 10.1k in May means bears have the upper hand. It's crystal clear Bears are still in control, bulls are sweating There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we have a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come! Best of luck We've already had our double bottom - DEC'18, MAR'20 - in parallel alike, prior to the 2016 halving. But please, suit yourself, WO would love to see you FOMO-in @$15k. Next time Bitcoin is trading @ 15k, it will still be a great opportunity to buy, in my model Bitcoin price can reach 85k if it gets past 10.5k and consolidate for a month above this price, but for the model to be valid, Bitcoin needs to go down to 3.1k first for a double bottom, then we can see 85k for 2023-2024. But still no point in buying now if you can buy at 3.1k later this year. Well I would say 3.1k is likely but to be safe, buy more coins at 5.5k which is extremely likely to happen by July No financial advice, do your own research. By the way you have one of the coolest usernames here. |
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Bears are still in control, bulls are sweating There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we have a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come! Best of luck |
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Wow. I would laugh hard at anyone trying to short this back to $5k haha, OP must be thinking a brand new global pandemic is gonna hit as this one starts winding down in the next few months. But hey I'd love to see the OP put his money where his mouth is, sure he'll lose a bunch of money but if you're gonna make a ludicrous prediction (and call it obvious no less!) you should follow through with it!
Gotta love when people draw random lines on a chart to say there will be a massive sell off for no reason.
Just a few posts above there is your proof, post #26. Time of this post: BTC trading @ $9067. Today, we saw a Bitcoin @ $9002, from this point, my use of the Elliott Wave theory indicates a possible bounce back to $9442 (using Fibonacci). Of course this doesn't go against my middle term bearish target. I probably won't open a quick long just for this (too tricky) but curious to see if this plays out. Then from $9442 area we should finally consolidate below $9000 to continue the downtrend, the drop in end of May/beginning of June should be much sharper than what we witnessed during the last few days. $7800 should be reached in a few weeks. 4 days ago I posted about this 9.4k target, right now Bitcoin is trading at 9.2k, and there is clearly a last bullish trap to liquidate all shorts up to maybe 9.8k? 9.8k is still possible, or 9.4k (depends which Fibonacci figure we trust), after that the real crash should begin. Hold tight |
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$2k is the most likely scenario, due to bullish expectatives in relation to the halving. The bulltard cultist works for the bear.
People ignore that in the previous halving, the derivatives markets didnt have a influence in the bitcoin price. You didnt have Bitmex liquidation engine gambling against bitcoin. Derivatives, futures, paper speculation, its always there to destroy "safe haven" assets. It happened with gold and silver.
Then you have the plandemic to worsen the situation, as bitcoin is correlated with the stock markets, so anything which affects the fiat system, will affect bitcoin as well. And, in the case of the plandemic, there will be one each year, until 2030.
$2k is likely to happen in the second half of this year, with a low of $700-900 by the end of the year.
Adoption of bitcoin is unlikely to happen, as on-chain transactions are extremely slow this year, taking up to one hour for the first confirmation, even with the highest fee.
My fear is if ethereum or ripple takes the place of bitcoin. This would likely to make them targets for the liquidation engine. I would prefer these assets to unpeg from bitcoin price, and take their own path, but without becoming the "first coin" in terms of market cap. A modest development is the best course of action for these projects, without making too much hype.
"bulltard" I like that word, never heard before, makes perfect sense when you read threads like this https://bitcointalk.org/index.php?topic=178336.538080Coincidentally I have some Ripple and some Ethereum too, "just in case" and really not much but you never know. Bitcoin remains my favorite coin but only for trading purpose. On a side note, signature campaigners are doing a magnificent job in this thread, keeping the topic alive and kicking! |
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A key price for the bulls is 9.4k. If I was a bull I would be praying Bitcoin price can close this month at 9.4k (or over), but as the above chart shows, the chances of this happening are quite slim. Still confident we go down from there, only fear I have at the moment is there seems to be (almost) a consensus among traders that Bitcoin price will go down for the whole year, and I hope the whales won't play with us and wreck our stop losses  |
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