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[babygun]

Lol I don't believe in technical analysis as anyone can draw some lines and make a prediction. I have not seen anyone yet who can make accurate predictions for crypto all the time. We gonna need to see what happens, right now we are in a downwards trend but in crypto everything is possible.

Technical analysis is correct 50% of the times and wrong 50% of the times. It is not a proper science and more of a psuedoscience. Hence better not to depend completely on it but make your predictions about price depending on how the market is moving and what the news have been propagating recently. A lot of big whales can turn markets the other way round so we can still be wrong.

Hence we get most of our predictions wrong in any case unless you get lucky. So it just another type of gambling finally. Trading and making predictions are two different things though.

But is there really a pseudo science behind it? It might maybe work for some stocks but crypto is just to volatile. You can easily drop 4-5% without any real reason. With TA I have the feeling that you can always make up some lines in where something would move. Maybe I am also to negative about it, but I just don’t believe in it.

[TheUltraElite]

But is there really a pseudo science behind it?

Pseudo-science means that there is no science behind it but people make it appear like its scientific. Read the Wikipedia article on TA for reference.

It might maybe work for some stocks but crypto is just to volatile. You can easily drop 4-5% without any real reason.

It can, and it is unpredictable, but you can draw some conclusions in the long term watching the pattern and the indicators. Even then it cannot be explained or reproduced in future on every instance.

With TA I have the feeling that you can always make up some lines in where something would move. Maybe I am also to negative about it, but I just don’t believe in it.

You can check this yourself, run some TA and make predictions on a price of a certain coin on paper. If you do this frequently, you will find out that the accuracy is 50% or close to that.

TA can give you a trend it cannot predict something with high accuracy.

[Synchronice]

Lol I don't believe in technical analysis as anyone can draw some lines and make a prediction. I have not seen anyone yet who can make accurate predictions for crypto all the time. We gonna need to see what happens, right now we are in a downwards trend but in crypto everything is possible.

I don't believe in it either. Anyone can draw whatever they want and make the chart look like price is going up or down. To my mind, it's the most meaningless indicator when someone puts lines on charts because lines can't tell you what's going to happen tomorrow.
By the way, Bitcoin price event is getting more interesting. There are five more days left and price still plays between the 39 and 41K. Some hours ago I checked the price and it was 39,900 USD, now it's 40700 USD. If it continues to play like that during the final hours, it will be very thrilling to watch it live.

[piebeyb]

By the way, Bitcoin price event is getting more interesting. There are five more days left and price still plays between the 39 and 41K. Some hours ago I checked the price and it was 39,900 USD, now it's 40700 USD. If it continues to play like that during the final hours, it will be very thrilling to watch it live.

Previously I said that if it is maintained above $40k then the price will rise in the next few days until the end of this month the price will remain above $40k because I think the daily uptrend is quite strong in the future if it continues to be maintained at this price level, it's nice to see the price of bitcoin experienced another increase to $41k. I think maybe this will continue slowly considering that the trend on the weekly charts is still uncertain about the next trend.

But I remain optimistic that we will only experience a price decline that is not because of bad news but a downtrend to take advantage of those who have invested previously selling them to make a profit and fortunately those who always buy under $40k are great people because they know The price will be higher after the bitcoin halving which will occur around April and if you look at previous history, every year after the halving, the bitcoin price movement always goes up, even other altcoins also experience the impact of the increase in bitcoin itself. everyone is waiting for the market to be really bullish now. It seems that those with predictions above $40k will win.

[LUCKMCFLY]

Lol I don't believe in technical analysis as anyone can draw some lines and make a prediction. I have not seen anyone yet who can make accurate predictions for crypto all the time. We gonna need to see what happens, right now we are in a downwards trend but in crypto everything is possible.

I don't believe in it either. Anyone can draw whatever they want and make the chart look like price is going up or down. To my mind, it's the most meaningless indicator when someone puts lines on charts because lines can't tell you what's going to happen tomorrow.
By the way, Bitcoin price event is getting more interesting. There are five more days left and price still plays between the 39 and 41K. Some hours ago I checked the price and it was 39,900 USD, now it's 40700 USD. If it continues to play like that during the final hours, it will be very thrilling to watch it live.

Well, what I think about all this is that when a technical analysis is done things can become very strange, sometimes those lines don't tell us anything , I am one of those who Believe that the Easiest technical analysis is that one. What is done long term, because there is more option for things to turn out well, in this order of ideas I would Say that when it comes to Doing things this way we have to try to see if the Analysis has an analysis Associated with the Fundamental Analysis That's why when we do any type of event we must show that things are well Supported , sometimes the technical Analysis is always placed for the short term , in the Short term if I see that it is possible, for That's because the technical analysis for me would be Better to do when it's on or Leave it last in the analysis, this to corroborate the things he wrote because they can be done Better , Although I know there are Buts that they make lines and lines just by Looking at the chart , Clear is a vision of being more chartist.

So things when it has to do with Bitcoin can be different, for that Reason when we make or see different visions to generate the best, it is possible because yes , Bitcoin can rise in price, bitcoin can do things better, but For these things we must Always consider that when we are doing an analysis with respect to Bitcoin, it can be changeable, as I said , bitcoin had a Price of $39k , now it is at $40k, so we don't know if it will go up Next year going down , that Changed what it is in a period of fast time because that's the only way you can get the good indications of things, in this order of days I could speculate that the tbicoin will go up, but my Predictions without doing technical analysis, they are going to be long term , maybe in some 9 months or 10 , but I know that it is not going to happen.

[SATWAT]

Lol I don't believe in technical analysis as anyone can draw some lines and make a prediction. I have not seen anyone yet who can make accurate predictions for crypto all the time. We gonna need to see what happens, right now we are in a downwards trend but in crypto everything is possible.

I don't believe in it either. Anyone can draw whatever they want and make the chart look like price is going up or down. To my mind, it's the most meaningless indicator when someone puts lines on charts because lines can't tell you what's going to happen tomorrow.
By the way, Bitcoin price event is getting more interesting. There are five more days left and price still plays between the 39 and 41K. Some hours ago I checked the price and it was 39,900 USD, now it's 40700 USD. If it continues to play like that during the final hours, it will be very thrilling to watch it live.

No doubt now situation is very interesting with price is increasing and just few minutes back I check and look like we will have $42K back which will be good, but uncertainty is still around and things can take good changes hopefully we will be able to have this around $40K to $45K in coming days which is main target of many for the end of this month.
As above, we have good talk about technical analysis most of the community not like these but still few are having good research and working on this because they feel better with everyone is having his own opinion about this all which could be wrong as well but I personally also not like these.

[Saint-loup]

No doubt now situation is very interesting with price is increasing and just few minutes back I check and look like we will have $42K back which will be good, but uncertainty is still around and things can take good changes hopefully we will be able to have this around $40K to $45K in coming days which is main target of many for the end of this month.
As above, we have good talk about technical analysis most of the community not like these but still few are having good research and working on this because they feel better with everyone is having his own opinion about this all which could be wrong as well but I personally also not like these.

There are 31 days in January, 42k is not far away from 40k and many things can happen before thursday. Week-ends usually show a high volatility in addition so the 37.5-40k range or even the 35k-37.5k one could still win. I would be happy if 40k-45k range is the winner because it's my main bet but nothing is done up to now. Bitcoin can even dip below the 40k mark as early as Monday. The price still moves within a very tight range around 40k.

[uneng]

Lol I don't believe in technical analysis as anyone can draw some lines and make a prediction. I have not seen anyone yet who can make accurate predictions for crypto all the time. We gonna need to see what happens, right now we are in a downwards trend but in crypto everything is possible.

I don't believe in it either. Anyone can draw whatever they want and make the chart look like price is going up or down. To my mind, it's the most meaningless indicator when someone puts lines on charts because lines can't tell you what's going to happen tomorrow.
By the way, Bitcoin price event is getting more interesting. There are five more days left and price still plays between the 39 and 41K. Some hours ago I checked the price and it was 39,900 USD, now it's 40700 USD. If it continues to play like that during the final hours, it will be very thrilling to watch it live.

Well, crypto market is well known for its volatility, and our only assurance so far is that Bitcoin is getting more valuable along the years, although on short run everything is expected to happen, because it's highly influenced by individual actions of whales (market manipulation). As an example, Grayscale is one of the few who could make accurate predictions regards the market's fluctuations, because they are the ones causing prices to fall through massive Bitcoin sales. But for us, who are outside their inner circle of contacts, there is no way to assure anything...

It's one of the cons of financial market in general. The people at the top are always benefited due to inside information access.

On the other hand, people try to compare Bitcoin cycles to predict similar events which are likely to happen again. I've seen the charts from 80 days before halving (2016 and 2020 periods) and they seem consistent with the current one we are seeing, displaying 40%-60% difference in price compared to the respective previous ATH. It gives an optimistic view that everything is under control and happening similarly to previous cycles, so what we should do for now is to keep buying and holding.

[piebeyb]

No doubt now situation is very interesting with price is increasing and just few minutes back I check and look like we will have $42K back which will be good, but uncertainty is still around and things can take good changes hopefully we will be able to have this around $40K to $45K in coming days which is main target of many for the end of this month.
As above, we have good talk about technical analysis most of the community not like these but still few are having good research and working on this because they feel better with everyone is having his own opinion about this all which could be wrong as well but I personally also not like these.

There are 31 days in January, 42k is not far away from 40k and many things can happen before thursday. Week-ends usually show a high volatility in addition so the 37.5-40k range or even the 35k-37.5k one could still win.

But if the price remains above $40k in the future, of course it will be good because the predicted price of $40k $45k can still win, well even though the Outcome Odds are not that big, but lucky for those who bet with big bets on price predictions because if you bet with a small bet on this prediction bet, you won't feel the win, especially since this prediction is once every month, which is different from sports betting where we can bet every week to make money.

If it is maintained until Monday the price remains near $40k the price of bitcoin will definitely rise to around $42k above it because the daily charts only encourage purchasing power to push up, but I don't guarantee that because there is still a lot of time for the bitcoin halving and all the whales want people people who dump their BTC at cheap prices, precisely under $40k, I'm sure many people will queue to buy it below that market price, the Bitcoin halving won't be long before of course the bullish market will arrive soon so now is the time to take advantage of the panic of many holders to sell it below $40k.

[Betwrong]

We have only 4 days left until 31st of January 2024. I placed two bets on Bitcoin price this time



What do you guys think? What are my chances, considering that BTC is UP again? Honestly, I'd rather lose my bets but saw that BTC was going up and up.


Are we going to see the Oscar betting on freebico.in thus year? I remember it used to be the place where I could make many bets on that event, in almost all categories.

[TheQuin]

Are we going to see the Oscar betting on freebico.in thus year? I remember it used to be the place where I could make many bets on that event, in almost all categories.

Thanks for the reminder. It's not something I follow so it's easy for me to miss.

[notocactus]

On the other hand, people try to compare Bitcoin cycles to predict similar events which are likely to happen again. I've seen the charts from 80 days before halving (2016 and 2020 periods) and they seem consistent with the current one we are seeing, displaying 40%-60% difference in price compared to the respective previous ATH. It gives an optimistic view that everything is under control and happening similarly to previous cycles, so what we should do for now is to keep buying and holding.

The chart shows that Bitcoin has less big corrections with each market cycle from its all time high price. If we look from bottom price to all time high price, Bitcoin has smaller growth cycle by cycle.

It is logic for all assets when market caps are bigger, less volatility in price and smaller as well as slower gorwth with time.

This chart on Bitcoin correction is an insightful summary but it does not guarantee that latest correction we saw will be last one of Bitcoin market before its halving. If you want to buy more bitcoin, don't find best and cheapest price from now till halving, do Dollar Cost Averaging will help you don't miss the chances and will even get nearly similar price like best price.

You can buy it at different prices, higher and lower and even miss the bottom but generally in average entry price, it is good enough.

[SATWAT]

We have only 4 days left until 31st of January 2024. I placed two bets on Bitcoin price this time



What do you guys think? What are my chances, considering that BTC is UP again? Honestly, I'd rather lose my bets but saw that BTC was going up and up.


Are we going to see the Oscar betting on freebico.in thus year? I remember it used to be the place where I could make many bets on that event, in almost all categories.

These are good bets, but I am still hopeful for the price between $40K to $45K because this bounce back which bring price at this figure is good and things are also looking favorable to keep this figure for long time now we are in 28th January with again we are above $42K mean very rare chance for this price to touch again because my personal feeling is now this is going to stay here, and we are going to be better in coming days.
Now we have Sunday, and then we will have just few days left and weekend could be not near which mean things are favorable to stay above $40K, now it's time to wait and check how things gone for the punters which are expecting it's going to be under $40K in coming days.

[Saint-loup]

We have only 4 days left until 31st of January 2024. I placed two bets on Bitcoin price this time



What do you guys think? What are my chances, considering that BTC is UP again? Honestly, I'd rather lose my bets but saw that BTC was going up and up.


Are we going to see the Oscar betting on freebico.in thus year? I remember it used to be the place where I could make many bets on that event, in almost all categories.

You had a very good idea to think about that and gladly TheQuin bothered to read your post, so we'll maybe get a good surprise in the coming weeks. There is a thread about it in the Gambling discussion section and I have bet against another member there but unfortunately transaction fees are high so betting small amounts is not very easy.
Regarding your bet I've also bet on those ranges but only a small amount onto the 35k-37.5k range as a small insurance and my main bet is on the 40k-45k one. Odds are very good this one up to now fortunately.

[babygun]

We have only 4 days left until 31st of January 2024. I placed two bets on Bitcoin price this time



What do you guys think? What are my chances, considering that BTC is UP again? Honestly, I'd rather lose my bets but saw that BTC was going up and up.


Are we going to see the Oscar betting on freebico.in thus year? I remember it used to be the place where I could make many bets on that event, in almost all categories.

I hope for you that one of your bets will be winning, but I think we will end up above the 40,000$. Anything can happen offcourse, but it seems that this number has a pretty good support and even if we would drop below it, that the price would quickly jump again above it.

[TheUltraElite]

Regarding your bet I've also bet on those ranges but only a small amount onto the 35k-37.5k range as a small insurance and my main bet is on the 40k-45k one. Odds are very good this one up to now fortunately.

Not a bad idea to keep one bet as insurance in case the previous one drops. Something like a derivative to cover your loss on the asset. Regarding bitcoin price, I think an untrend can push is upto 45k but beyond that a further rise might see a correctional downtrend first. On the lower side, below 40k will see buying pressure.

I also did not know that betting on Oscars was a thing here, if so that is pretty cool indeed. I was rooting for Oppenheimer and  to get all sorts of prizes this year, but it seems people's interest is elsewhere, but its fine though.

[piebeyb]

We have only 4 days left until 31st of January 2024. I placed two bets on Bitcoin price this time



What do you guys think? What are my chances, considering that BTC is UP again? Honestly, I'd rather lose my bets but saw that BTC was going up and up.

If you look at the trend on the daily charts it is going up it should be above $40k, but I will still wait for Monday, if the price is above $40k I think they will stay there until January 31, but it is impossible that the market will fall again below $40k because the weekly charts tend to decrease and stabilize, I also bet on two predictions so it's possible that one of them can win it, I hope you are lucky to also get a win under $40k.

The current market price cannot go above $43k so I still think that the price will rise in the near future, it seems it will remain stable playing above $40k $43k but the decision is Monday, because it is the weekend I can't analyze many charts properly For now, except for Monday on weekdays, I'm sure all traders will also look at Monday's movements to ensure that during the week the price will move where at least we can read it and know in advance before buying and trading there. I think the prediction remains above $40k there until January 31st. 

[legiux]

big problem I had 66 rounds of WOF, I did them all and I received nothing in my account neither in satoshi nor in rp not in lottery ticket

USER ID : 1891432

[Mahdirakib]

What do you guys think? What are my chances, considering that BTC is UP again? Honestly, I'd rather lose my bets but saw that BTC was going up and up.

You do have a very little chance there to win your second bets. But I have no chance to win my bets as I had expected a better price of Bitcoin at the end of this month. Bitcoin price needs to be rise at least 15% from it's current position to reach above $50k. There is no possibilities to happen this within this month.

[FanEagle]

We have only 4 days left until 31st of January 2024. I placed two bets on Bitcoin price this time



What do you guys think? What are my chances, considering that BTC is UP again? Honestly, I'd rather lose my bets but saw that BTC was going up and up.

I mean if I knew what bitcoin would do, I would invest all my money into it right away, like with 150x leverage and all so that I would get rich just in a few days when the month is over. However, none of us really know it, maybe you are right and it will go down under 40k and you will make some money, the odds are quite good too, so you should feel fine, it is getting closer there.

However, it could also go up even more, like maybe in the last day it will be 45k ,who knows? This is why it is not going to be possible to tell you that you would win or lose, we have no idea what you will be getting. The only good thing about it right now is that you are not too far away, I mean you are not unrealistically away, it may happen and you have a chance.