BTC broke bottom of triangle. Deep crash ahead.

[Lampaster]

Most bitcoin users which do not adequately respond to the fall in the price of the coins has to its credit a very small amount of coins. They create informational noise around the price. This provokes the panic and helps the whales to buy their assets. I think it's stupid. Price already at the bottom. Forget for a month about bitcoin. This stabilizes the situation in the market and prices will go up. I am sure that the main holders of the coin will not sell them now.

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[BitHodler]

I don't see the crash coming guys, we are unable to break the 10,000$ on the way down. it is a very strong support and I think we will not go below it.

Have you been living under a rock or what? The $10,000 mark isn't strongly supported, and we have already seen the market get dumped down to $9500 on Bitstamp, which now is the third time it happened.

People who keep referring to the $10,000 mark to be a strong support level should really focus on facts instead of acting like nothing has happened. Try to spend more time looking at the market instead of posting nonsense.

[8Habits]

I think the big factor that drives the price of bitcoin today is about the bad news against it and just my opinion, no amount of technical graphs could stop the fear and uncertainty of some or many bitcoin holders due to recent news like fb banning crypto ads, and blah, blah, blah..

But I am not one of them though I am holding here and is also currently shopping some altcoins that are in reds now.

[hosseinimr93]

Do not try to panic newbies ( Unfortunately it usually works).
Prices were manipulated by whales and also due to some bad news and it was normal after big rise.  It won't last long. Every thing will become normal soon.

[Bitmore1]

Yesterday we closed well under the 100 day average.
Today we move even further away from it while breaking through the bottom of the triangle.

We've broken major support and nothing is stopping a deep fall.

Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.

Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol

Down we go guys,  you've been warned.

Wheweeee!

I was scared there a moment before I saw who wrote it. 

Now after I see it is Kwuck I am wondering how much more BTC I can afford at this price.

[First77]

This month I got $20 from online surveys.  That is $4/hour work.

Bitcoin $1 to $1000 in 7 years in a GIANT BUBBLE TO BURST   

[pereira4]

The only thing that's broken is your credibility, and that was already the case back in 2015 my man. The current 'dip' is a perfectly normal market movement within the range it has been operating in for some time now. You can't provide any actual worthwhile arguments regarding the current dip, and for that reason you're making a clown of yourself. On top of that, you are only supposed to show up when we are falling below the most recent bottom, and as long as that isn't the case, you don't have anything to do here. Crawl back under your rock and have fun there in the dark!

I think kwukduck just posts for comedy value at this point. For what other purpose would he post' He knows that his perma-bear pose is now not taken seriously by anyone. Even if he was right, after so many times of being wrong, it doesn't count.

It's similar to Proudhon, they are legendary perma-bears that became laughing stocks as BTC went higher and higher for years while they claimed it was over since it was like $10.

[xfaqs01]

all of which are just normal market behaviour, i happen even in forex and stocks, and this is not the first time of bitcoin correction, it happened every year so i see no usual things happening in the market! HODL 

[yanesna3]

Most bitcoin users which do not adequately respond to the fall in the price of the coins has to its credit a very small amount of coins. They create informational noise around the price. This provokes the panic and helps the whales to buy their assets. I think it's stupid. Price already at the bottom. Forget for a month about bitcoin. This stabilizes the situation in the market and prices will go up. I am sure that the main holders of the coin will not sell them now.

I still cannot agree with those guys who are talking about the total crash of Bitcoin. This crypto will show its true power, and it can happen as I think before December 2018 comes.

[grimesrhymes]

While I don't agree that there is a deep crash ahead (I think worst case scenario we might see 6-7k. I do think it is worth mentioning a misconception some may have with January being a traditionally bad month. It has been but if you look for example to last year, bitcoin fell about 40% (somewhat comparable) but it was a sharp decline over a few days and then recovered within a week to 10 days. This time round the price has been sliding for quite some weeks now. I see a recovery coming but I don't think it will be a miraculous turnaround.

[Blind Legs Parker]

Yesterday we closed well under the 100 day average.
Today we move even further away from it while breaking through the bottom of the triangle.

We've broken major support and nothing is stopping a deep fall.

Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.

Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol

Down we go guys,  you've been warned.

And so did everyone's favourite bull-market-top-calling duckbear disappear off the face of the board. One minute of silence please. Legend has it that he imploded after being right for the first time in his life.

and altcoins remain stable or even raise significantly.

Well... half right...

Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol

Less than half right, alright. Still, a little right anyway, and enough to implode, it would seem.

To be continued...

[ask]

I don't think that this pattern is valid. price is above the bottom and this will lead us to hit over 10000$ in few weeks.
I think rise is going to be very slow due volume is not high. but i don't think that its going more down from here

[Blind Legs Parker]

I don't think that this pattern is valid. price is above the bottom and this will lead us to hit over 10000$ in few weeks.
I think rise is going to be very slow due volume is not high. but i don't think that its going more down from here

My post was intended as a joke anyway  . It was only making fun of kwukduck's everlasting bearish stance throughout all the bull market. Disclaimer: I have no prejudice against kwukduck even though he seems to have one against bitcoin for some reason.
Also, it's true that he's left us without any news since he disappeared into thin air after that post.

Don't take what I said too seriously and don't try to find any future prediction in there because there is none.

EDIT : Oh, sorry, I've just realized you weren't replying to me, but instead were replying to the first post (or maybe even just the thread's title because it's too hard to read further than that?). Well sorry but the first post is about an old triangle, ans I very discourteously decided to bump it today on a whim . No point in replying to it now: said triangle has already proven valid. (And also, there have been two full pages of posts in between the title of the first post and my own  ).

[GeneralTulsa]

Yesterday we closed well under the 100 day average.
Today we move even further away from it while breaking through the bottom of the triangle.

We've broken major support and nothing is stopping a deep fall.

Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.

Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol

Down we go guys,  you've been warned.

Reading your entire post history, I can see how wrong you were in your Bitcoin analysis. Even though you've been here since the beginning, it seems like you never really believed in Bitcoin. Too bad it stopped publishing before the high and the price it is today. I would like to know your opinion today if it remains pessimistic like your last analyses.

[Dave1]

Yesterday we closed well under the 100 day average.
Today we move even further away from it while breaking through the bottom of the triangle.

We've broken major support and nothing is stopping a deep fall.

Also notice how mainly BTC is falling and altcoins remain stable or even raise significantly.

Billions of BTC capital is flowing into blockchain 3.0 technology and people here still believe BTC's blockchain 0.1 Beta tech has a future... lol

Down we go guys,  you've been warned.

Reading your entire post history, I can see how wrong you were in your Bitcoin analysis. Even though you've been here since the beginning, it seems like you never really believed in Bitcoin. Too bad it stopped publishing before the high and the price it is today. I would like to know your opinion today if it remains pessimistic like your last analyses.

Lol, this guys is historically perma-bear. Not sure if he is still active though, but during his time here and you can read his post history, that he always downplay bitcoin every time and he has become Legendary in this community for being like that.

Anyway, since know that you are aware of it, there could be other members are well similar to him right now and I will say that you just have to ignore them whenever you can.

[Davian144]

Reading your entire post history, I can see how wrong you were in your Bitcoin analysis. Even though you've been here since the beginning, it seems like you never really believed in Bitcoin. Too bad it stopped publishing before the high and the price it is today. I would like to know your opinion today if it remains pessimistic like your last analyses.

There is no need to pay attention to someone who still feels pessimistic about Bitcoin, because it can make your concentration of trust disperse in Bitcoin. So from now on try to avoid people who are still pessimistic about Bitcoin and let them determine their own way for everything and even if one day he will like Bitcoin, let it happen based on his own desires and thoughts without having to involve yourself in it. Because this is about someone's belief in something without any coercion from others.

[Lubang Bawah]

When many say that if the price can pass $ 30k it will continue to rise but it turns out that the prediction seems to fail, prices are difficult to go higher due to many factors, and in my opinion the global economic conditions which are still in recession make investors prefer to look for safer investments than cryptocurrencies.

[taufik123]

When many say that if the price can pass $ 30k it will continue to rise but it turns out that the prediction seems to fail, prices are difficult to go higher due to many factors, and in my opinion the global economic conditions which are still in recession make investors prefer to look for safer investments than cryptocurrencies.

One factor that is quite influential at the moment is the FED's decision to still raise interest rates by 25 basis points at the upcoming May 2-3 FOMC session.
Then the Fed will keep interest rates stable for the rest of 2023.
This increase was made to suppress US inflation in order to touch the 2% mark, in accordance with the commitment of the Fed chairman, Jerome Powell.

https://www.forbes.com/advisor/investing/fed-meeting-preview/

Bitcoin finally corrected and also the Bitcoin market also looks saturated after successfully breaking the $30k price.
But this is a good condition for Bitcoin because Bitcoin is slowly transitioning from a bearish market to a bullish market.
The 2023 Bitcoin price increase is a sign for the beginning of the rally towards the next bull market which is likely to occur after the Halving occurs, based on previous cycles.

[jaberwock]

When many say that if the price can pass $ 30k it will continue to rise but it turns out that the prediction seems to fail, prices are difficult to go higher due to many factors, and in my opinion the global economic conditions which are still in recession make investors prefer to look for safer investments than cryptocurrencies.

People can say what's on their mind but it does not mean that it's true because we still can't predict the future. Maybe it's true that we are still in a recession because many companies lately are reducing their employees. Even the gambling business which are known to be a booming industry are also affected because many crypto casinos recently are cutting their bonuses by a lot of folds.

Investing can be said to be one of the ways to survive a recession and it does not matter if what type of investment it is. Each investment has their own pros and cons so don't say that cryptos are very risky when in fact they are also highly profitable when the right time comes.

[Franctoshi]

This is what I got from my own analysis, the target for this break out is towards $30800, However we have point of control on before the target at 30360 approximately, Where I do expect sellers to come in to try to push the price down, failure to do so and the price break above that level, the bulls now have to fight hard to sustain the price by turning $30360 into a support, in order to further push the price to a new level which is $35k.