Bitcoin Bear Flag has formed! Brace yourself!

[morozo]

If you read on Cointelegraph you will notice that this dip is purely news related, 4 exchanges are under investigation and the market saw a sell off when this article got published.

[aragom]

If you read on Cointelegraph you will notice that this dip is purely news related, 4 exchanges are under investigation and the market saw a sell off when this article got published.

this fall was not related with investigations.

it is about coinrail hack, and the small investors panic sells.

it is hard to recover again

[jonaire99]

Hodl if you believe in bitcoin's ability to recover and invest more while the price is still lower. The bearish market is also time to buy some good altcoins for term hold. The latest hack of South Korean crypto exchange may bring down the crypto further but that is only temporary and all you had to do is wait and be patience.

[jamesashmore1964]

this thought turned out to be a pity that btc has begun a sharp decline in the case that all estimates can be in the form of 6k.

6K is what people are saying. Uptick to 7200 and then down to 6K!
Idiots will FOMO in on the uptick!

[hasemase]

you called it! Although I think a bounce to 7k-7,3k is likely to squeeze the shorts.

[PancherBitCoin]

Hodl if you believe in bitcoin's ability to recover and invest more while the price is still lower. The bearish market is also time to buy some good altcoins for term hold. The latest hack of South Korean crypto exchange may bring down the crypto further but that is only temporary and all you had to do is wait and be patience.

The theft of any assets on any stock exchange will not greatly affect the overall state of the market. Perhaps there will be some fluctuation in the price of the rating coins, But no more.

[Katashi]

I believe there's no need for us to panic, I mean experts predicted it to reach up to 5k drop. I believe it's normal but just wait a few months again i believe it will be gaining momentum upwards again together with the altcoins. If we are not going to HODL I believe by the end of the year we will be all regretting for sure. Let's just trust the process and hope for the best.

[disconnectme]

When I first saw this post I did not take it serious but it seems this is likely going to happen. I need to start to improve my trading skill, it seems it is in trading that real money is not, as we can see the return people are getting from ICO is getting slim and even diminishing, so a good trader should be able to make money in both bear and bull market

[fulmetal08larz]

A bear flag means Cash is King. Blood on the streets is a golden opportunity to bag and accumulate more crypto currencies to add in my portfolio. A wonderful time for long term holders but a disaster for those who bought on the peak. $6k per BTC is the approximate mining cost, so I consider it as a major support level for BTC. It could also be the most attractive price for institutional investors to enter the trade. A triple bottom pattern is also forming, which means a reversal could happen too. Let us wait and be prepared for any decisions we make.

[anglosaxon]

A classical Bear Flag has formed!
In my opinion 6K BTC is on the cards.
The move down will be hard and fast!
Catch the Low and Buy ALTS
It could start tomorrow Asian time: The Crash!
Opinion only!

I think bitcoin might go under $6500 again, according to last movements of it, but of course, I hope it will rise again above $7000 in a few days.

[carlfebz2]

When I first saw this post I did not take it serious but it seems this is likely going to happen. I need to start to improve my trading skill, it seems it is in trading that real money is not, as we can see the return people are getting from ICO is getting slim and even diminishing, so a good trader should be able to make money in both bear and bull market

Price predictions basing on technical analysis would always having 2 outcomes either it would happen or would go into opposite way. When op posted this one we do head up on 6.7k price which is near already on the predicted price but it do still tanking up and once support broken up on 6k price we might heading possibly with 5500. This is only basing on technical analysis.Its not a guaranteed nor a sure thing but when you are a trading having these basis is helpful specially when you do make use up together with fundamentals.

[winterland]

A classical Bear Flag has formed!
In my opinion 6K BTC is on the cards.
The move down will be hard and fast!
Catch the Low and Buy ALTS
It could start tomorrow Asian time: The Crash!
Opinion only!

But when the market begins to go down alts have a tendency to go even lower in their value than bitcoin so exactly how it is going to help you to get alts instead of bitcoin, if you really think the market is going to go down then your best bet is to buy USDT or to get fiat instead and then buy whenever you think the price has reached the bottom.

[posi]

A classical Bear Flag has formed!
In my opinion 6K BTC is on the cards.
The move down will be hard and fast!
Catch the Low and Buy ALTS
It could start tomorrow Asian time: The Crash!
Opinion only!

OP, I don't believe what you said because you dont say anythng about what will be the cause of bearish market and my own presumption is that the market pump due to the EU region Bitcoin market with bitcoin payment system planned for the FIFA World cup.

is it a real new?
where did you hear that?

i dont think such a payment system can be for WC. it is too early now. maybe in 2022

Yeah. It real mate and as you can see the price of the bitcoin market is already bullish. However, it not too early for bitcoin to be accepted as payment during the World cup cause Russia is also part of bitcoin friendly nation. Read on what the bitcoin payment on Forbes, CCN and Medium.

You have no idea MATE!
Wake up
We are in a bear market not a bull!

You said I have no idea and that we are in bearish market. Well, you're the one that don't understand what's going because we're in bullish market but the whale that disposed 8000 Bitcoin was the cause of this current bear market.

[yonnymen]

Its not bullish yet for sure. At least long term bullish.

[Flor1982]

A classical Bear Flag has formed!
In my opinion 6K BTC is on the cards.
The move down will be hard and fast!
Catch the Low and Buy ALTS
It could start tomorrow Asian time: The Crash!
Opinion only!

I already used to this predictions, promotions, propaganda and etc. in which it will just make you expect something big but still did not happen and will just breaks your heart. I just normally invest and simply hold the coins without expecting too much because unexpected bullish is better than expecting nothing but still this is better than spreading FUD here.

[morozo]

Same here, crypto is already causing a lot of nerves since a while, if you would also follow all these far fetched predictions you would be constantly out of your mind, just ignore them

[DaryaCrypta]

I would like to hear a more detailed forecast of the price. What is your forecast based on, what indicators did you understand all this about? The assumption is certainly interesting, but it seems to me that your forecast will come true on the contrary.