I'm officially sick of the bitcoin price right now...

[Wexlike]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned.  

yes everybody has own predictions about the market but these predictions sometimes works usually when they are according to the exact information and data, most of the people are the good predictors who can predict the price of bitcoin that is because of their research and study which makes them perfect, so i think there is always a room for learning something new about the market and 'study' is its best solution.

Already know this fact for everyone, because Bitcoin is a volatile cryptocurrency so own prediction also never possible on every day market. I think this year starting everyone sick in Bitcoin so many peoples are open the thread so we also concentrate the current and future possibilities.

Just lean back and enjoy the next trading range until the market brakes out in a direction. Both the 50D MA and the 200D MA should act as support and resistance.

[Triffin]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

yes everybody has own predictions about the market but these predictions sometimes works usually when they are according to the exact information and data, most of the people are the good predictors who can predict the price of bitcoin that is because of their research and study which makes them perfect, so i think there is always a room for learning something new about the market and 'study' is its best solution.

People simply rely on the predictions of those people who have history of making appropriate predictions. Most of the times, these prediction makers are the ones who have deep connections with the teams of coin projects and are in touch with the whales who are capable of making hug changes in the market. In addition to this, we cannot ignore their significant market and technical knowledge. In short, not everyone can make predictions. People follow these mentors for predictions.

[d3nz]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

yes everybody has own predictions about the market but these predictions sometimes works usually when they are according to the exact information and data, most of the people are the good predictors who can predict the price of bitcoin that is because of their research and study which makes them perfect, so i think there is always a room for learning something new about the market and 'study' is its best solution.

People simply rely on the predictions of those people who have history of making appropriate predictions. Most of the times, these prediction makers are the ones who have deep connections with the teams of coin projects and are in touch with the whales who are capable of making hug changes in the market. In addition to this, we cannot ignore their significant market and technical knowledge. In short, not everyone can make predictions. People follow these mentors for predictions.

This is already happenign before and people only relying in predictions even it is a false analysis to manipulate and make people to invest and lose money. And that is the reason why some pro traders and make a post about the chart to confuse their followers and make money by making a false prediction and this is just like a pump a dump scheme but in a different way.

And it is really hard to look for a good mentors to follow that's why it is much better to self study.

[Lanatsa]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

yes everybody has own predictions about the market but these predictions sometimes works usually when they are according to the exact information and data, most of the people are the good predictors who can predict the price of bitcoin that is because of their research and study which makes them perfect, so i think there is always a room for learning something new about the market and 'study' is its best solution.

People simply rely on the predictions of those people who have history of making appropriate predictions. Most of the times, these prediction makers are the ones who have deep connections with the teams of coin projects and are in touch with the whales who are capable of making hug changes in the market. In addition to this, we cannot ignore their significant market and technical knowledge. In short, not everyone can make predictions. People follow these mentors for predictions.

This is already happenign before and people only relying in predictions even it is a false analysis to manipulate and make people to invest and lose money. And that is the reason why some pro traders and make a post about the chart to confuse their followers and make money by making a false prediction and this is just like a pump a dump scheme but in a different way.

And it is really hard to look for a good mentors to follow that's why it is much better to self study.

Theres no wrong on following on an analysis but somehow we should follow into those realistic ones rather than into those who aren't specially on long term aspect.
The thing here that should really be put up on ones mind is the risk of losing money which everybody do fails of to do.Its not really a surprising thing that majority
do commit mistake yet this market is always been unpredictable and very volatile and if you do hope on getting profits easily then you should changed up that kind of perception.

[STT]

I dont rate the 200 day or 50 day to be support as such, I know they have held the line but short term the market will do anything so long as there is enough traders willing to respect a level. Over weeks it shouldnt especially be that moving average that is deciding areas to hold or not, as its an indicator but fair enough if it works it works.

I just look at certain points as a show of strength and if it gets past that and holds then its indicated strength or weakness.  



Here is 4hr bars and blue line is 8 day and the yellow is 30 day.   We are still quite weak is what I estimate but if we above the 30 and 8 day I think the price is in a positive phase at that moment.    I expect more weakness (or least a move to 'reset') when its not passing either of these, otherwise the target would be 9500 for it to first meet and beat if we do get a show of strength.

[Tungsten-1]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

yes everybody has own predictions about the market but these predictions sometimes works usually when they are according to the exact information and data, most of the people are the good predictors who can predict the price of bitcoin that is because of their research and study which makes them perfect, so i think there is always a room for learning something new about the market and 'study' is its best solution.

People simply rely on the predictions of those people who have history of making appropriate predictions. Most of the times, these prediction makers are the ones who have deep connections with the teams of coin projects and are in touch with the whales who are capable of making hug changes in the market. In addition to this, we cannot ignore their significant market and technical knowledge. In short, not everyone can make predictions. People follow these mentors for predictions.

This is already happenign before and people only relying in predictions even it is a false analysis to manipulate and make people to invest and lose money. And that is the reason why some pro traders and make a post about the chart to confuse their followers and make money by making a false prediction and this is just like a pump a dump scheme but in a different way.

And it is really hard to look for a good mentors to follow that's why it is much better to self study.

I have never been in favor of following others specifically for predictions regarding prices of famous altcoins and bitcoin. Most of the people are simply making followers fool and ask for money in order to help them with trading. I believe that if you are involved with bitcoin, you don’t need to follow anyone rather simply keep in mind that the coin will definitely pump no matter how much time it takes and buy low.  

[Silberman]

yes everybody has own predictions about the market but these predictions sometimes works usually when they are according to the exact information and data, most of the people are the good predictors who can predict the price of bitcoin that is because of their research and study which makes them perfect, so i think there is always a room for learning something new about the market and 'study' is its best solution.

It comes a time in which even if you still have a lot to learn from the markets you are not going to necessarily get better at predicting what it will do, you must always accept a degree of uncertainty from the markets, this will save you a lot of frustration, it is understandable to have a desire to predict the markets perfectly but that is just a dream, if you can tell 90% of the time what the market will do, and some strategies are able to do exactly that, then you have already reached the limits of what it can be accomplished with technical analysis.

[owengtam09]

.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle.  I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again?  It just seems like a really long sideways movement.

On Dec 17th, it reached its high of $20k, and it has taken almost a month and we're still below those numbers.  What is your estimate for when we can be above $20k again and onward to what people predict for this year ($50k-$100k)?  Another month?  March?

I know nobody knows for sure, but just looking to hear about what people's gut feel is (and only from those who have btc experience over a year please).

Thanks.

You are just here on September and for sure you actually didn't know the flow of the price of bitcoin, if someone told you that bitcoin will reach $50k this year then why would you believe that? No one knows here what would really happen on the market, all people here are just predicting and there is no exact prediction happen with their prediction. Don't invest immediately if you didn't fully understand the flow of the market.

[wozzek23]

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

[perfect999]

People simply rely on the predictions of those people who have history of making appropriate predictions. Most of the times, these prediction makers are the ones who have deep connections with the teams of coin projects and are in touch with the whales who are capable of making hug changes in the market. In addition to this, we cannot ignore their significant market and technical knowledge. In short, not everyone can make predictions. People follow these mentors for predictions.

I would not doubt what you have said here because that is what is happening, and this is the main thing that makes me not to pay much attention to some of these public figures that are just coming up to predict prices, create fud or fomo to just say things that will be in their own favor and you see lots of people believing so much in them and thinking their own value is the most accurate one.

Listening to people’s opinion will only miss guide us, and we should learn to always do a proper analysis on the market ourselves, because whoever we say are expert in predicting the value of bitcoin are not the expert that we think they are, but manipulators who are also working with some of these terrible whales. I have learnt to just study them and know when to get to the market through them.

[jhonjhon]

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

Given this, we should already know better that these people spreading predictions just wanted to create confusion to people most especially newbies. I also think that these people spreading these unreliable predictions who are somehow linked to whales who just want to create commotion and also try to manipulate the price through these predictions. It is better that you understand the market on your own and make your own predictions.

[Kemarit]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

It is a learning curve because no one really know how the price will go, either short or long term.

That's why we have seen countless TA resulting in the opposite direction. When we thought that the price is going to hold, suddenly it goes on the opposite direction. I still remember in 2018, wherein there are lot of experts prediction that the price would go down below the five digit market, but look at to what happen after reaching all time high.

To the OP, Its pretty obvious that newbies like you will be disappointed, but as what I have been saying, let the market takes it's normal course and eventually we will get this hump.

[coolcoinz]

I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

[Wexlike]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

It is a learning curve because no one really know how the price will go, either short or long term.

That's why we have seen countless TA resulting in the opposite direction. When we thought that the price is going to hold, suddenly it goes on the opposite direction. I still remember in 2018, wherein there are lot of experts prediction that the price would go down below the five digit market, but look at to what happen after reaching all time high.

To the OP, Its pretty obvious that newbies like you will be disappointed, but as what I have been saying, let the market takes it's normal course and eventually we will get this hump.

I think you mean 2017 ? In 2018 it was rather the question if the $6k support would hold. That was devastating when we broke through.. 

[piebeyb]

who invited you to come to this forum and invest in bitcoin, that person must be annoying for you, when you made this post the price of bitcoin dropped dramatically and even at this time maybe you see the price is still not showing a definite change, but hope you might haven't sold your bitcoin until now and still hold it, if you still hold it you don't need to sell it just wait for the time not too long next year, hopefully you get a bitcoin price that doesn't make you sick 

[Kemarit]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

It is a learning curve because no one really know how the price will go, either short or long term.

That's why we have seen countless TA resulting in the opposite direction. When we thought that the price is going to hold, suddenly it goes on the opposite direction. I still remember in 2018, wherein there are lot of experts prediction that the price would go down below the five digit market, but look at to what happen after reaching all time high.

To the OP, Its pretty obvious that newbies like you will be disappointed, but as what I have been saying, let the market takes it's normal course and eventually we will get this hump.

I think you mean 2017 ? In 2018 it was rather the question if the $6k support would hold. That was devastating when we broke through.. 

No, it's 2018, remember that in December 2017 we reached all time high and everyone is very happy. But beginning of 2018, the bubble has been burst and all signs that the price will go down hard. But the so called experts says that the price won't go below $10,000, LOL, at the end of 2018 the price is pegged at $3200 if my memory serves me right.

We're just collateral damage of that BCH vs BSV hashing war, damn Ver and cohorts vs CSW, that's why the $6000 support levels was broken that time. Anyways, we have move on already, still tough times ahead, but we still have aces in our sleeves, the "Block Halving".

[jhonjhon]

You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.

True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 

I think the reason why people who got easily sick with the market invested in bitcoin thinking that it provides easy money in a short period of time without really understanding the bitcoin market fully. Well, it is true that bitcoin is a good source of income but that is if the market is in the bullish times but always remember that the market is not always bullish sometimes it becomes bearish for months before becoming bullish again. Bitcoin is not the same as those ponzi scheme where they promises bog returns in a short time, for you to survive in the bitcoin industry you have to understand how the market really works and also ready for all the risk it has with it.

[Silberman]

I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

I think in the exact same way, if I did not panic and I did not sold my coins when bitcoin reached its lowest point this year and I was sustaining losses why should I panic now when the price of bitcoin is higher than at that time, it is better to not think too much about the market otherwise we will always be in a state of frustration, as those that want the price to go up that are mad because the price is not doing what they want while those that want the price to go down are mad as well by the same reason.

[andycarrol]

I don't care and you should do the same. When I see some red I look at the price and tell myself that I've been in a much worse position. Even this year when we were at 4k and I didn't sell so why should I panic when we are at 8k.

The market has never gone as per prediction because most people that are predicting are not doing it the right way by just predicting based on what they believe and base on cycle or what happened before, while the real people are the ones that predicts with strong and accurate analysis which we only have few people that are doing that and majority of other that are even analyzing are all relying on technical analysis alone for a market that is fully unpredictable and a market that is based on speculation and the most analysis that I feel is very important is that of the fundamentals, like the time that china president announce support of cryptocurrency, we would be able to know immediately that the market will react positively to it.

The reason it happens is that every single trader wants to outsmart the herd and think's he'll follow the TA, but with a little twist. When the majority is panicking at 6k and think we will revisit 6k that "smart trader" will say "they are all waiting for 6, I'll set up my traes at 6,5 and to be sure I'll start buying earlier from 7k in case they bounce up earlier". In the end most people do it and the price stabilizes at 7,5k to never go lower.

I think in the exact same way, if I did not panic and I did not sold my coins when bitcoin reached its lowest point this year and I was sustaining losses why should I panic now when the price of bitcoin is higher than at that time, it is better to not think too much about the market otherwise we will always be in a state of frustration, as those that want the price to go up that are mad because the price is not doing what they want while those that want the price to go down are mad as well by the same reason.

I am always greedy when prices rise, I want prices to continue to increase and ultimately I do not sell at the highest price. but when prices fall I always panic and want to sell it right away.
when it's already selling, then the price increases again, but when I buy why the price always goes down, like a few days ago when I bought at $9500 I thought it would go above $10k, but now it almost even touches $8k and I'm really frustrated with the price at this time.

[pixie85]

I am always greedy when prices rise, I want prices to continue to increase and ultimately I do not sell at the highest price. but when prices fall I always panic and want to sell it right away.
when it's already selling, then the price increases again, but when I buy why the price always goes down, like a few days ago when I bought at $9500 I thought it would go above $10k, but now it almost even touches $8k and I'm really frustrated with the price at this time.

You're the average investor! Most people think like you and there even diagrams that show how the market follows a circle path and people always overreact and overshoot the target.

Do you remember how when we fell below 5000 USD Tone Vays and some other traders were screaming that it's going to 1000 and it has to go there because technicals demand it and there was no capitulation? They overshot the same way people were later overshooting when we broke 10 thousand that now it's full bull market and we have to go to 20.
The average investor panics, overshoots prices, is too hesitant in a bear market and too sure of himself in bull.