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The resistance at 8500 was breached after some trouble, as expected.
I think it will go now to about 10,000 usd and then crash for at least 7 days in order to make at a minimum a weekly negative candle. We can even do a negative zig-zag: weekly down, weekly lateral/up and weekly down. And then drag around 7000/8000 for weeks.
It's hard at this time to say what will be the bottom for this expected crash. We could repeat the crash we had on the week of 26/10/2015-2/11/2015, that went from 500 to 300 usd, on the beginning of the recovery and start of the move to 20,000.
But we took some time to breach 8500, therefore the crash might not be this heavy. One thing is shore, once we reach 10,000 we will have had a great rally. Don't expect this will go on to 20,000 without a big correction.
But even if this crashes like I'm expecting, I think that eventually it will breach 10,000. I don't see fundamental reasons that can be an obstacle for this to happen.
I'm too lazy to post a chart. Just doing this for fun.
As usual don't trust me. I earn money, but many times the technical signs are so contradictory that I don't have a clue about what is going to happen next. And when the signs are very clear, better suspect about the outcome. This isn't a recommendation. Do your homework.
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I just want to inform you not to rely on the forum when it comes to tackling scam related activities. The forum doesn't moderate scam.
Safeguarding yourself from scam related activities should be your priority don't ever think it's that of the forum.
Shouldn't the forum be a part of a solution with an easy measure? Your words can be read as intending to see the trust system as irrelevant or unnecessary. It already has a punishment which involves banning the culprits, leaving red trust isn't necessary. Just report with valid evidence to moderators. Trust system should be used for issue relating to trades especially when it has to do with the negative feedbacks
Trust ratings have been used also against plagiarists. On cases of partial plagiarism an automatic ban can be too harsh. you need to differentiate plagiarism from scam, they have somewhat different intentions
scamming is a crime while committing plagiarism is an ethical offense
https://www.checkforplagiarism.net/plagiarism-law"university rules for student conduct sometimes say that plagiarism is an academic offense, not a legal offense. That statement is not correct." "Plagiarism is fraud." There are several countries where plagiarism is a crime. OP doesn't add any new point.
I searched but didn't find that thread. But it has about 8 months and I raised different points. Then check their feedback before you do business with anyone. We can't be responsible for babysitting everyone.
The goal of the trust system is to be a part of the solution. It isn't perfect but it's what we have. Why not use it to the full extent? |
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I know this question was raised before but I want to try to add some new details.
I think trust ratings should be visible on all boards for these reasons.
A) Most scammers promote their scam on their signature. Consequently any of their posts is potentially dangerous if their tag isn't visible.
B) Many scammers create threads and directly or indirectly promote their "business" under misleading topics on boards where trust ratings don't show up. On some local boards this is very frequent because there are less boards. Many scammers use translated ads to promote their scams on local boards.
C) Plagiarism is a form of exploration of other people's work for personal gain that deserves to be qualified as a scam that can be exploited on any board.
D) On the local boards, trust isn't active on many commercial/scam relevant boards:
On the English board trust is active in all alt coins boards, because they are easily promoted on any topics and are a typical scam domain. But on many local boards trust isn't active in alt coins boards. Example: Indonesian, German, French, Croatian, Korean, Italian, Portuguese, Greek, Turkish. It's active on the Indian or Polish.
Even the Spanish and Turkish Market boards, the Italian scam board or the German Project development don't have trust visible.
On the English board trust is active in the mining board, but not on many similar local boards: German, Indonesian, French, Romanian.
Just my two cents.
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Don't take this as a recommendation but there seem to be some indications that the bottom might have been made, contrary to my expectations that bitcoin could go to 2000 (see OP and other posts). I don't think that bitcoin is going to go up seriously during 2019, but perhaps it will start a painful recovery that will take more than one year to go back to 10,000. It was something like this that happened in the past every time we had a major crash.
I still expect a fall to at least 3930 perhaps even 3600, but the risk/reward might worth taking a small position with a long term perspective, at least at those values. In order to increase it as the price breaks 4250 and then 4500.
As usual don't trust me. This isn't a recommendation. Do your homework.
As I wrote on this post, about 45 days ago, I think that the crash is over. That we are going to repeat the slow recover of 2016. This means that this time seems to be different and that we won't have a full year like on 2015 of simple consolidation. But I suspect that we are going to have a hard time breaching 8500 and then 10000 usd. Since this is going to be a slow recovery, expect some falls. It won't be an easy ride. But if I'm right, it's time to buy and hold. It might take more than 1 year, but if we break 10000 usd, we will go up, perhaps to test the all time high. As usual don't trust me. This isn't a recommendation. Do your homework. |
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Don't take this as a recommendation but there seem to be some indications that the bottom might have been made, contrary to my expectations that bitcoin could go to 2000 (see OP and other posts). I don't think that bitcoin is going to go up seriously during 2019, but perhaps it will start a painful recovery that will take more than one year to go back to 10,000. It was something like this that happened in the past every time we had a major crash.
I still expect a fall to at least 3930 perhaps even 3600, but the risk/reward might worth taking a small position with a long term perspective, at least at those values. In order to increase it as the price breaks 4250 and then 4500.
As usual don't trust me. This isn't a recommendation. Do your homework.
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Put the name Kryptono on the title of this thread or this won't get indexed by google as relating to this exchange.
You should post also a scan of your balance or a link to the deposit transaction as evidence.
Have you contacted them?
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I'm also expecting that the price will go to at least 2430, because of the ascending long term support line crossing there now on the weekly graphic. But I wouldn't be surprised if it went to the next support ascending line now at 2100.
Buying at those values and holding long term might be a smart move, but only with a part of the capital.
Because if these two lines are breached, we can have a flash crash to values below 1500. There are very long term lines on the weekly graphic passing at around 1400 and 1150.
At these values, we will see real panic. Usually, the best moments to buy and hold.
Because forget about guessing the right precise best moment to buy. Waiting for that means losing all opportunities. These are always risky decisions. It's just a matter of balancing risk and reward.
One thing is probably right: even if bitcoin was heading to its end, it wouldn't go down without at least a final strong rally which would fail to make a new high, but would be a powerful movement, most likely above 10000.
But don't trust me. This isn't a recommendation. Do your homework.
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The long term ascending line shown on my OP graphic, now passing on about 2100 is still a very strong possibility. There is however a second ascending line passing now at about 2430 that might also be a long term support.
Buying at current value is a very risky business. The trend is still bearish. Fight it at your risk.
But don't trust me. This isn't a recommendation. Do your homework.
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Bitcoin To Drop As Low As $1500 This Year, Wall Street CIO Predicts
"I wouldn't be astounded if throughout the following year it's down to $1,500 to $2,500,"
Is this going to be genuine or not?
I trust that,
Everybody has the privilege to make a supposition and divider road is generally a standout amongst the most capricious money related instrument for a considerable length of time.
Despite the fact that they exchanged offers of genuine organizations whose profits are significantly more unsurprising, they for the most part experience air pocket and adjustment times where rich speculators get the benefit to the detriment of little ones. Furthermore, talk has been one of the significant weapons.
I doubt bitcoin will go to 1500 this year. But I'm expecting it to go to about 2000 on the next months, because the line passing now at about 1888 (crossing on the weekly charter 754 and 890) looks as the only support. |
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If they are ready to scam amounts like yours it seems they are full time scammers. The fake teams are a major source of suspicion.
I just gave them negative feedback, but I doubt it will make a difference.
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If I had any doubt about this being a scam, this summary removed it.
I hope you recover your money.
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Good charts, but don't forget that the price went down on those crashes and stayed down for about one year.
And I can't see any support at current prices. Only at about 2000 USDs.
IMHO, more down to come, after a bounce to make a three day green candle.
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Probably the market will make a three day green candle, since bitcoin was oversold. But this seem to be a short-term movement. An opportunity to close long positions. Because after we'll have more down. The trend is bearish, don't fight the trend by buying because you thinking the prices are very cheap. A price only is cheap when it's about to go up, but this doesn't seem to be the case.  |
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OP this was a good catch, since the wallet seems to be a clear danger. His new account should be banned and the announce removed in order to protect forum members. I already posted on his threads warning and calling attention to this thread.
I also gave him negative feedback.
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seen from the history of btc prices per year, it always rises significantly. will 2019 btc prices rise like the year before? investors have been waiting for this moment for investment. From 2009 to 2013 the Bitcoin exchange rate reached 12,000 times the increase, which is up to the price of $ 1,200 / 1 BTC (around Rp. 15.8 million / 1 BTC). Then in the third quarter of 2017, the price of Bitcoin came to an all-time high of $ 6.194 / 1 BTC (Rp. 81.7 million / 1 BTC). If we look at the total increase from 2009 to 2017 (within 8 years), the price of Bitcoin has risen by 61,940 times / 6,194,000%, a truly fantastic growth
Actually its really hard to predict what will happened in the future because its sad to hope for something we did not happened and for the plans that did not succeed. Though its not bad to hope but manage your expectation, just go with the flow or process and you will see you can make it. We all knew that Bitcoin is price is volatile and all of we said is all prediction based on the previous years when the bitcoin rise before the end of this year. Even though 2018 is not good for bitcoin price because its always downfall and its hard for it to rise again still who knows that before or after this year the price would change. Technical analysis and past events can give us a blink on the future. After the top at 1140 on 2013, we had a bear market of about 2 years next. And the recovery was very slow and took bitcoin two more years to be able to make a new high. Be prepared for about 6 months more of crashing and then 6 months at least of consolidation at very low prices. I can't be shore of nothing, but I already lost hopes on 2019. But don't trust me. This isn't a recommendation. Do your homework. |
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Bitcoin breached two ascending support lines and barely managed to keep above a descending support line, after actually breaching it (it's passing at about 4500 usds).
It's on free falling and the probability to reach about 2000 usds on the next months increased a lot. There is an ascending support line on the weekly charter passing 754-890 and currently on 1888 that should offer a support.
If this line can't hold long term, the next one is passing below 1000, now at about 650!
A long term buy at about 2000 might be a good move, but not with all your capital, because if it stands, the price will be around this value for months, before slowly going up.
But a flash crash below this line for a quick drop to the next support line now at 650 can't be ruled out.
At least, this is the story that past major crashes tell us.
But don't trust me. This isn't a recommendation. Do your homework.
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I still think that this was just a short term reaction and, as such, an opportunity to sell. The trend is still bearish. Even if the breach of the 7415 was unexpected. But the rapid move down seems to confirm this opinion. But I'll be very attentive if this makes a new high above 7721.
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Bitcoin is not bullinsh or bearish right now it is just constantly moving in the range of $6000 to $7000 for few months
It's all personal in the end. If you look at the longer term picture then the market has definitely a bearish tint to it, the problem however is that people automatically think it's negative while it's part of the market and actually healthy. The thing with markets is that you can make them look as bullish or as bearish as you like, it all depends on the time frame of the charts you're interested in. It's not worth disagreeing with just because you don't see it as such. Based on the range you stated it indeed seems like the market has a firm range it's the most comfortable with. There is enough buy support to keep it above $6000 and there is plenty of selling pressure dumping it below $7000 again. There is a consensual technical definition of bear market: a drop of more than 20% from the 52 week high. We are way below that. |
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