Analysis

[afbitcoins]

Oops yes I forgot the script sorry. Its all bearish from here, down to $30

 

[1713930757]

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[1713930757]

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[thefiniteidea]

I have to show you a very dangerous channel with bottom now around $30 and falling

Profesor bitcorn ?   :-)  $30 is simply impossible. It can go to zero (if protocol fails) but not to $30.

$30 is not impossible.

I agree with luc, things will get ugly sooner than they will get better.

Bitcoin has never endured a true bear market. We've only been in a bull market since 2009. Bitcoin is just as old as the bull market.

Hard times ahead.

[Odalv]

I have to show you a very dangerous channel with bottom now around $30 and falling

Profesor bitcorn ?   :-)  $30 is simply impossible. It can go to zero (if protocol fails) but not to $30.

$30 is not impossible.

I agree with luc, things will get ugly sooner than they will get better.

Bitcoin has never endured a true bear market. We've only been in a bull market since 2009. Bitcoin is just as old as the bull market.

Hard times ahead.

$3,000 before $30

[itod]

I have to show you a very dangerous channel with bottom now around $30 and falling

Profesor bitcorn ?   :-)  $30 is simply impossible. It can go to zero (if protocol fails) but not to $30.

$30 is not impossible.

I agree with luc, things will get ugly sooner than they will get better.

Bitcoin has never endured a true bear market. We've only been in a bull market since 2009. Bitcoin is just as old as the bull market.

Hard times ahead.

$3,000 before $30

lol, it's the other way around. We will go above ATH after finding the new low.

[techgeek]

I see it falling it a bit more like $130-$140 based on fear of the market.

Usually downtrends always end up continue based on peoples mindsets. Even the newbie who joined this forum would probably sell his coin right when he got it 1 hr ago from a localbitcoin transaction.

Its based on how much risk you are willing to hold, and like most people they dont want any of it.

[afbitcoins]

sorry to bother you again, can't remember , why  $30  ?

 

[fortif78]

sorry to bother you again, can't remember , why  $30  ?

 

It's just a channel.... can you not see the blue lines in his post above explaining 

[Fatman3001]

Will the recent movements up to 269.5 on BTC-E do anything with these charts?

[afbitcoins]

sorry to bother you again, can't remember , why  $30  ?

 

It's just a channel.... can you not see the blue lines in his post above explaining 

yes my bad,  I do see it now. However (in my humble opinion) I think unlikely price will go far below $200, maybe $180 ish is possible..

[afbitcoins]

Heres support line showing why I think price unlikely to go below $180. Look at lower green trendline

[RyNinDaCleM]

Heres support line showing why I think price unlikely to go below $180. Look at lower green trendline

Linear charts on $1000 price moves? Hmm

[fortif78]

sorry to bother you again, can't remember , why  $30  ?

 

It's just a channel.... can you not see the blue lines in his post above explaining 

yes my bad,  I do see it now. However (in my humble opinion) I think unlikely price will go far below $200, maybe $180 ish is possible..

Right, at that point it is up for individual interpretation as we watch things play out. He wasn't saying it was definite, just that the channel supports a move of that range.
Pick your bottom 

[afbitcoins]

Heres support line showing why I think price unlikely to go below $180. Look at lower green trendline

Linear charts on $1000 price moves? Hmm

I agree log chart gives a different perspective .



However both views lead me to think its unlikely bitcoin will fall very far below $200

[afbitcoins]

log chart with some lines on it.

 if we do fall to bottom of it that channel it is still unlikely price will drop below $100. However for reasons I've given elsewhere I suspect we already saw the bottom. I give zero chance of seeing $30 bitcoin.  Looking forward to bitcoin busting up through top of that channel which could be the start of something huge

[Afrikoin]

log chart with some lines on it.

 if we do fall to bottom of it that channel it is still unlikely price will drop below $100. However for reasons I've given elsewhere I suspect we already saw the bottom. I give zero chance of seeing $30 bitcoin.  Looking forward to bitcoin busting up through top of that channel which could be the start of something huge

what is the basis of your dark green support line? I see it cuts across, but, where does it begin?

[afbitcoins]

log chart with some lines on it.

 if we do fall to bottom of it that channel it is still unlikely price will drop below $100. However for reasons I've given elsewhere I suspect we already saw the bottom. I give zero chance of seeing $30 bitcoin.  Looking forward to bitcoin busting up through top of that channel which could be the start of something huge

what is the basis of your dark green support line? I see it cuts across, but, where does it begin?

Green line is showing rough area where support has been found I guess starting with the collapse of the April 2013 mini bubble.

[lebing]

log chart with some lines on it.

 if we do fall to bottom of it that channel it is still unlikely price will drop below $100. However for reasons I've given elsewhere I suspect we already saw the bottom. I give zero chance of seeing $30 bitcoin.  Looking forward to bitcoin busting up through top of that channel which could be the start of something huge

what is the basis of your dark green support line? I see it cuts across, but, where does it begin?

you can see the support by the times it comes near the line and then bounces off.

[Stargazer]

log chart with some lines on it.

 if we do fall to bottom of it that channel it is still unlikely price will drop below $100. However for reasons I've given elsewhere I suspect we already saw the bottom. I give zero chance of seeing $30 bitcoin.  Looking forward to bitcoin busting up through top of that channel which could be the start of something huge

https://www.tradingview.com/x/YXv0YJhe/

I also see it like this. We're constantly bouncing up from just above $200 and down as we come close to $300. Traders are making money on these bounces and feel happy, but they are trading just a small fraction of coins, that's why even if they all buy or sell at one time it's enough to move the price by about $100 up and down.

We'll eventually make another attempt at $300, but to break up we'll need a fiat injection. Right now there's just not enough of it on exchanges to push through.

[Tzupy]

This scenario could be confirmed (or not) within the next week.
https://www.tradingview.com/chart/BTCUSD/AHFOHXcM-Updated-Longterm-Downtrend-Cycles/

[damiano]

This scenario could be confirmed (or not) within the next week.
https://www.tradingview.com/chart/BTCUSD/AHFOHXcM-Updated-Longterm-Downtrend-Cycles/

His charts are one of the better ones on tv