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MiLkz
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January 23, 2018, 03:30:18 PM |
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If the powers to be want it to be in this range, it will happen, if they want it to go down to 4-5k it will happen The market is complete manipulation
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boyptc
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January 23, 2018, 03:50:23 PM |
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if they want it to go down to 4-5k it will happen I don't see this will come. The market is complete manipulation
Every market has it's own manipulation, even US stocks market. Attractive TA, I thought that it will be stable at $25k for this year but base on author's analysis, there's a chance so whenever it will reach $35,000 - $40,000 I'll start selling.
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MiLkz
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January 23, 2018, 03:57:42 PM |
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The market is complete manipulation
Every market has it's own manipulation, even US stocks market. I agree that all markets have some manipulation, but crypto is like the wild west, in terms of manipulation they do not even compare
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DustyRah
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January 23, 2018, 04:20:16 PM |
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If things were to go along TA considering a sideways movement with shrinking BB for a while, the point it breaks out of the BB we can expect a sharp rise. Going from 15k to 40k is nothing for Bitcoin. Also, its not like someone has to pay 25k for every single Bitcoin in existence to make this happen, its just the volume of the day. Any news hype can make this happen, for example Walmart accepts Bitcoin or some famous company issues ICO and so on. In fact, if Bitcoin just goes past 16k, it should be enough to start of a frenzy of buyers hoping to make a quick buck.
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pereira4
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January 23, 2018, 07:18:40 PM |
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If the powers to be want it to be in this range, it will happen, if they want it to go down to 4-5k it will happen The market is complete manipulation It's not that easy. Bitcoin is a global market that never closes, opened 24/7, different forces with different agendas collide. A big government or banker group may want to crash it one side of the world, on the other side they may want to pump it... so there is no easy way to manipulate one way or another and it will be harder as we reach a several trillion market.
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gentlemand
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Welt Am Draht
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January 23, 2018, 07:25:27 PM |
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40 grand is only a doubling of the all time high. Yes it's possible. Interest will have to swell that much more and exchanges would have to up their game and reopen to newcomers for it to happen. If everything falls off a cliff before then then I expect there'll be some action around the next halving in mid 2020.
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uncleduckerr
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January 23, 2018, 07:26:34 PM |
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If the powers to be want it to be in this range, it will happen, if they want it to go down to 4-5k it will happen The market is complete manipulation Why can't both happen in the same year? It appears we may crack beneath 10k here and I wouldn't be surprised if bitcoin touched 5k then by the end of the year we were at a price tag inbetween 40-100k. That seems entirely possible and I would welcome such an event if it shakes out the weaker hands we got along on the ride.
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NorrisK
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January 23, 2018, 08:00:33 PM |
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I'm liking what I'm seeing in that analysis!
Doesn't seem to far fetched to me if I see how many people are experimenting with joining crypto at the moment.
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Biodom
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January 23, 2018, 08:30:06 PM |
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PentarhUdi is one of the nicks of masterluc a.k.a Bitcoin Vanga The quoted traderview post of his is a relatively old one, he had posted lots more. see the 'Analysis' thread in speculation. More info is there, some funny as people try to decipher (and translate) his sometimes vague, but interesting ruminations. In addition, I found this very informative analysis: https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2It predicts maximum probability of 55-58K by the end of 2018 with less than 12.9K having probability of just about 9% Trace Mayer linked to another prediction of 62K (more likely)-115K by the end of 2018.
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holden.commodore (OP)
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January 23, 2018, 08:43:21 PM |
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He posted this TA on May 2017 and he was right about the 3k and 20k price corrections. The only correction missing is the 5k - 3k correction but it was caused almost exclusively by the China Ban.
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btcone111
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January 23, 2018, 09:20:50 PM |
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PentarhUdi is one of the nicks of masterluc a.k.a Bitcoin Vanga The quoted traderview post of his is a relatively old one, he had posted lots more. see the 'Analysis' thread in speculation. More info is there, some funny as people try to decipher (and translate) his sometimes vague, but interesting ruminations. In addition, I found this very informative analysis: https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2It predicts maximum probability of 55-58K by the end of 2018 with less than 12.9K having probability of just about 9% Trace Mayer linked to another prediction of 62K (more likely)-115K by the end of 2018. Well, he has this result because bitcoin, on average, has shown an increase in price for the last few years. This doesn't mean btc average return will follow the same distribution as its historical return.
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Diced90
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January 23, 2018, 09:25:10 PM |
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Great analysis and once the price gets to these prices we should experience a less volatile market as regulations will already be put in place that i honestly think are the real price killers at the moment and once they are out of our way there is no stopping bitcoin!
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cindygirl
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January 23, 2018, 09:31:10 PM |
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Great analysis and once the price gets to these prices we should experience a less volatile market as regulations will already be put in place that i honestly think are the real price killers at the moment and once they are out of our way there is no stopping bitcoin!
There will still be more regulation to come across the US and Europe, Asia have been the early movers in that regard. Hopefully Europe and US will learn from those shocks though and they won't hurt the market so much.
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███████████████████████ ▀▄ Platio ▄▀ ███████████████████████
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timerland
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January 24, 2018, 01:59:21 AM |
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What exactly does he have to back up his claims? This isn't technical analysis. It's just a wild guess out of nowhere in my opinion. It's just him, conveying what his opinion is of the market's direction. Nothing is guaranteed in this world, especially cryptos. I personally hate TA because it never takes in the environment around the investment. Like what the regulators are saying about it, what the media is covering about bitcoin. All it takes into account is trends and patterns which can often be wrong. I think that $40k-100k for the peak of this bubble could happen but more likely $30-50k is going to be the peak. I just can't see 6 figures until at least 2020 as well.
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Tankdestroyer
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January 24, 2018, 08:24:48 AM |
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What exactly does he have to back up his claims? This isn't technical analysis. It's just a wild guess out of nowhere in my opinion. It's just him, conveying what his opinion is of the market's direction. Nothing is guaranteed in this world, especially cryptos.
You are right but guesses are one possible scenario to happen in the future. Like what the one who posted above me said, he predicted 2014/2015 bear market and he might succeed in predicting the future again. Since technical analysis can't be applied to crypto most of the time, all analysis we share about it specially Bitcoin are mere speculations. It is as clear as day that Bitcoin is in a bubble but the get rich quick in Bitcoin hype by new users is still not yet over and for this reason his analysis is highly likely to come true.
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Endikadija
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January 24, 2018, 09:32:18 AM |
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What I remember about the bitcoin ATH was 20k that means if the bitcoin should reach more than 20k soon. But with these a lot of FUD and it looks impossible. There is a lot of many countries are trying to make the more restriction to trades on the exchange sites. Indian bank attempts to halt a lot of the transaction to the crypto exchange sites.and in another land south korea just like take the stir of cryptocurrency trend. To take the next target between 40k and 110k looks doesn't make sense.
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iv4n
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January 24, 2018, 10:36:27 AM |
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What I remember about the bitcoin ATH was 20k that means if the bitcoin should reach more than 20k soon. But with these a lot of FUD and it looks impossible. There is a lot of many countries are trying to make the more restriction to trades on the exchange sites. Indian bank attempts to halt a lot of the transaction to the crypto exchange sites.and in another land south korea just like take the stir of cryptocurrency trend. To take the next target between 40k and 110k looks doesn't make sense. Restrictions or regulations? South Korea will van trading with anonymous accounts, that sounds reasonable. In some way regulations should keep us safe from scammers, but in some way regulations are used just for government to steal more money from us with different kind of taxes. Target in this article is until 2019, whole year for making that happen, why not I can see this passing trough until then. Bitcoin price is dropping for a while but that doesn't make me pessimistic at all, that happened before, but now bottom is much higher, just believe, what more can I say you.
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boyptc
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January 24, 2018, 04:40:35 PM |
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The market is complete manipulation
Every market has it's own manipulation, even US stocks market. I agree that all markets have some manipulation, but crypto is like the wild west, in terms of manipulation they do not even compare It is. There will still be more regulation to come across the US and Europe, Asia have been the early movers in that regard. Hopefully Europe and US will learn from those shocks though and they won't hurt the market so much.
That's expected and it will be all over the world. And sticking to the TA of the said link those regulations can have more on positive but has negative impact.
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