I'm looking for an obvious breakout. Breaking and closing below $11,100 should do it. After that, I'd be looking for $9,600.
but it looks like your prediction is right, now the price is at 10,200 where you mentioned the breakout at 11000. likely a price to 9600 will occur.and now my assets are min above 40%  is there any possibility of a deeper drop after the 9600 point? Yes, absolutely. My theory is the March-August rally is Wave 1 of a larger bullish impulse. Wave 2 pullbacks can be quite sharp and severe. A 61.8% retrace to the low $7,000s would be pretty typical. However, I would first expect a sizable bounce off the $9,000s given all the consolidation there during June-July. That is not to say Wave 2 must go as far as the 61.8% fib. It could also be a complex, sideways correction that doesn't go below the 38.2% in the $9,000s. We'll have a better idea in a couple weeks as more price action comes in.  ok yesterday btc went down to 9960 and went back up to the range of 10000 and since then I haven't seen a decrease again after that it was just between these numbers. so if next week the market starts with an increase then the possibility of it going down to the range 9000 will disappear or will it still be? since I started to see my portfolio increase I hope it will continue to go up, even though the reality will still be difficult. please say something that makes me happy  |
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not for now, we will see BTC in the range of 9000, maybe it will be deeper if the next resistance can be broken.
I'm sure people will think that too because right now the market is in a deep downturn.
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1.BTC
2.ETH
3.XRP
4.POLKADOT
5.LINK
because it only lasts for the next 1 year so my prediction is still the same as it is now, in such a short time I don't think it will have a big effect.
and about other coin you mentioned, i still doubt it can reach at least top 10.
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but overnight for a while bitcoin and alt fell enough to make everyone panic for that moment.
I think it will be a quite deep decline as it is going very fast and will drop below 10k $, but the resistance is strong holding so it makes the price bounce back to 11300 -11500, after dropping quite a lot to 11000 from 12000.
The decline is still continuing but it probably won't be long and the bitcoin price will stay at the same level, people are panicking for sure to sell (CL) and it's not a good decision I'm sure the pumping will happen again but we'll see in our analysis what this is. was there an increase after this decrease? The resistance is strong enough and it will continue and probably won't pass below 10k$ as investors have full faith in the cryptocurrency.  It looks like the resistance is not strong enough to hold it and has dropped below 10000, after that it did go up again but I think in a few hours it will go down again. maybe what is predicted in the 9600 area will happen. |
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do you mean that this week it will drop to 9600? hmm, I did see a very fast decline last night where all the alt also fell, some even fell above 15% in just a few minutes.
but a few minutes after the btc dropped to 11000 right, then it went back up and stayed in the range 11200-11,500.
No, I don't mean that. I'm looking for an obvious breakout. Breaking and closing below $11,100 should do it. After that, I'd be looking for $9,600. Yesterday's ~$1,000 dump brought us to the lower bounds of the range, but BTC is technically still just ranging. Don't want to jump the gun here. but it looks like your prediction is right, now the price is at 10,200 where you mentioned the breakout at 11000. likely a price to 9600 will occur.and now my assets are min above 40% is there any possibility of a deeper drop after the 9600 point? |
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Very ugly daily price action. This big bearish engulfing built out the right shoulder of a potential H&S:  Still holding the daily BB squeeze though.  Time to pay attention. We could see another rejection of the bears and grind back up. All this time spent in the lower half of the bands and the stiff rejection today have me leaning towards the bearish scenario though. Holding below the lower band around $11,200 and the $11,100 pivot low will signal a downtrend. I could see a daily downtrend running to the weekly BB basis in the upper $9,000s, or filling the weekly CME gap around $9,600. do you mean that this week it will drop to 9600? hmm, I did see a very fast decline last night where all the alt also fell, some even fell above 15% in just a few minutes. but a few minutes after the btc dropped to 11000 right, then it went back up and stayed in the range 11200-11,500. |
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but overnight for a while bitcoin and alt fell enough to make everyone panic for that moment.
I think it will be a quite deep decline as it is going very fast and will drop below 10k $, but the resistance is strong holding so it makes the price bounce back to 11300 -11500, after dropping quite a lot to 11000 from 12000.
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thank you for your advice and the advice this might help some people to predict the market price.
but I think people also don't really expect to pay just for a prediction where other people can also make their own predictions.
do not be offended, people also have the right to choose and there is nothing wrong with promoting yourself.
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I'm not sure but it looks like it would be fine if I want to try and do something, and also because the conditions in other fields are down, making the crypto market go up again because some of the new funds coming here are quite large or is it just the hype being used at this time.
just remember this word:
You may never know what the results come of your actions, but if you do nothing, there will be no results.
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because the economic crisis is decreasing but does not make the market continue to decline, it is evident that after the mass decline in March now market conditions have started to improve, it indicates that investors believe that the economy will grow after this crisis.
and isn't that so, after the crisis the economy will grow even bigger.
to be fair one way of looking at the current situation is that price just came back to normal and what we had recently was not a rise or market conditions improving, instead it was simply a (reverse) correction of an unreasonable crash due to the pandemic which had nothing to do with bitcoin. remember that price was around the current price before the pandemic and it was actually rising trying to enter above $12k-13k levels. indeed there is no relationship but when the market goes down in other sectors, then they will look for new ways or new fields, and maybe put funds in crypto.then a project with defi became the trend in the midst of an economic crisis like this, I'm not sure if this is true, or is it the hype that someone else is deliberately taking advantage of because the situation is right to do it. |
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What I find surprising is that even if bitcoin is not gaining a lot of adoption
since there is no way to actually measure adoption you have no way of knowing how much adoption bitcoin is gaining. Right, same thing as we don't know how many are traders/investors/bitcoin holders because all we can see in wallet addresses which can be duplicates. It seems that investors are losing confidence in the way governments are managing the crisis, it seems investors no longer trust that printing huge amounts of money are going to be the cure for the economic problems we are facing, and they are right, as the next crisis is probably not only going to be precipitated by printing currency but it will also be the main reason of the crisis itself.
I wouldn't say people are losing confidence, but perhaps we are looking for other ways to mitigate the risk without waiting for the government's help. Printing money is another thing and in the long run it won't be the solution, and this bailouts can only go further and only big companies are going to benefit from it. And since we have crypto as somewhat an option for us to somewhat hedge our wealth against the looming crisis. because the economic crisis is decreasing but does not make the market continue to decline, it is evident that after the mass decline in March now market conditions have started to improve, it indicates that investors believe that the economy will grow after this crisis. and isn't that so, after the crisis the economy will grow even bigger. |
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My opinion is that from the first point to the fifth point, these five points affect the price of bitcoin which can go up or down. but to get to 100k in the next 2 years I don't think it's possible.
There's a lot of indicators to be consider and even if there's a good news when there's no demand, the effect of it is low and its hard to push the price up to $100k in the next two years considering the people is just recovering from the big fall this year. More pump is coming, but I think we will just see the price of $30k in the next two year. Well, DeFi project already made a pump up to $30k in just a short period of time (YFI Token), Let's see if the price will hold on that level and go for more peak. I hope Bitcoin is next and made a good run again, just like this aside from the hype.  yes I agree, maybe if you look at the price who will reach 100k $ first, it is yfi because he made a new history of dicrypto as the highest priced coin, breaking the highest btc record around 19600 $. If you look at the comparison with the current BTC, the ratio is 1 in 3. |
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some people still holding bitcoin since last bull 2017 and cannot sell them at this time cause still lose, i dont mind if bitcoin reach new ATH at this year or next year. but it will not effect many to me, because im only holding crypto in small amount. |
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there are still a lot like YFI coins, some new coins mimic YFI's name, so the conclusion is that these coins will also experience Fomo like YFI even though we don't know whether there is a relationship or cooperation from the team. the hypenya is very high, many people take advantage of this moment.
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believe me other countries also experience the same thing, but the situation in my country is now a little better, I am sure Trump can overcome this.
I am not American but I believe he can handle this.
it's just that the pandemic problem is making the economic situation in America worse.
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everyone has their own predictions, so reading the article or not actually has no effect on market conditions only adds to other people's thoughts on recommended coins. I predict Bitcoin will still be stable at tens of thousands.
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even to 20000 $ i still doubt that. however, if market conditions remain stable until the end of the year it is not impossible that bitcoin will achieve a new attitude. If you look at the last bulls in 2017, the next prediction will occur in 2021.
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not really, when all the markets fell in march, btc and altc also experienced a decline so everything will be related to each other even though different fields of investment type.of course the main reason is this pandemic, warren buffets say this is the greatest crash or crisis in history because the economies around the world go down simultaneously.and this pandemic is the worst than the previous one, even though it only claimed a few casualties, the economic effects it caused were very damaging.
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I think socialism can make our lives better, where everyone helps each other for a better life. This can be a solution when life starts to deteriorate, such as during the current pandemic. by helping each other in the life between communities and with the government's attention, hopefully it can be better.
of course if helping each other creates a harmonious atmosphere, the problem is that some people who are accustomed to being helped think that they can regret their problems by asking others for help, so are more like beggars. so nothing will be truly beautiful in a long time despite its good intentions. |
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Despite having the most favorable landscape that is not tormented by natural disasters, they are lacking behind in term of development. They are endowed by lots of natural resources but hardly traceable to their mode of living, infact they are categorized as underdeveloped countries. Yes, indeed they are, due to the lack of the following:
I don't think Africa is a cursed land. The landscape might be beautifulm but it is definitely not favorable for growing things. There is a lot of heat and desert in Africa, which makes agriculture for basic food very difficult. It might be good conditions for Tea, Coffee or Bananas, but just he basics flower or rice is very difficult to grow. Just look at Egypt and how the people where only settle close to the Nil river thousands of years ago. The most important thing to develop Africa would be investments into education and infrastructure. the problem is corrupt leadership and will continue for the next generation, if the chain is broken maybe we can see the development of Africa in the next few years.if indeed some of the plants like you said cannot grow, then they should be able to import it provided they also export quite a lot. but in reality now people in Africa have minimal knowledge because of the actions of corrupt, selfish, and similar leaders. |
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