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Author Topic: Short term predictions for BTC price?  (Read 746 times)
exstasie
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March 30, 2018, 10:32:03 PM
 #121

There's good news and bad news here. Good news first. There's still a good possibility that the leg down from $9,177 is corrective. The potential C/III wave is shallow, making a III wave unlikely unless we see a real selloff soon. That means the $7,240 low could still have been the start of a corrective wave up to new highs > $11,800 (bull trap).

The selloff was brutal, and obviously the above scenario was invalidated. There's not much point generating any more bullish hypotheticals right now. Not until bulls show some signs of life. They look completely battered. The coins I didn't hedge....feeling the pain right now! Undecided

We need to take out the $9,177 high to breath life back into this chart... not sure how likely that is right now.

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March 31, 2018, 12:24:47 AM
 #122

I don't know how much time you consider short-term, but World Cup Russia can helps Bitcoin to rise again if the publicity is done rightly. I have seen some hotels will accept Bitcoin as payment method. If more services follow the trend, we can see demand increasing fast in a small time interval. There is a lot of potential on it, many different countries involved, all the world focused on it... I think there will be enough strength to boost BTC to $10.000 again.

 
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March 31, 2018, 12:47:53 AM
 #123

I think if you intended to sell then you so late to the party you might as well come back next week. I dont know it wont drop further but theres fair reason it could rest in this area. Usually with bitcoin Im surprised how fast it came back or why its so negative and then later theres some news to explain why. Generally its volatile and heading off in either direction at great pace. I will probably wait and see, I did expect a bounce but I think alot of selling is to do with taxes etc. So thats till mid next week

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March 31, 2018, 01:28:56 AM
 #124

You can also try other cryptocurrencies not only bitcoin, who knows maybe you can earn more in a certain crypto you've chosen and I also think that short term predictions is too risky instead of growing your own coins you might end up losing it.

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