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[dwyane36]

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.

Any market is primarily chaos. So, it is unrealistic to give accurate predictions all the time. Nevertheless, I am more optimistic about technical analysis of the market because sometimes it helps to determine the correct support and resistance levels. By the way, if you don't like technical analysis and don't use it, how do you determine the ranges when you want to place a bet on the freebitcoin site? Do you place bets by just randomly pressing a button, or do you try to analyze it in some other way?

[piebeyb]

So again, the price of bitcoin will definitely reach $42,500 and even beyond, but this is likely to happen as from next month as we draw closer to the halving which is coming up in the Month of april if I am not mistaken.

But this is not me saying impossible though, for anything is always possible as long as its crypto we are talking about.

The daily charts are supposed to be above $40k for the next 7 days, but that could fail if in the next 1 or 3 days the price is still below $40k, then it will continue to be below it, even down even further, maybe around $34k - $35k, but If the Bitcoin price manages to maintain the price above $40k again, it is possible that the daily charts will give a signal for upward support in the next few days, exactly 7 days from now.

It's difficult to follow price predictions for this month because there is too much news about ETFs and others out there which is too exaggerated making the price of bitcoin seem less consistent, but I believe that if the price of bitcoin remains above $40k now they will start to rise again above $40k perhaps around $42k or $43k for the end of this month around January 31st where the bitcoin prediction results will come out and determine who will win the bet. I bet above $40k, the current price has touched $40k again when I posted this, I hope it continues to hold for the next few days.

Well, a good analysis from you there i must say, and yes, I was actually watching the market and did saw that the price of bitcoin rose and did reach $40k again, and even went above that a bit, but it has as well dropped a bit and right now trading at around $39,850 dollars, and I understand that if bitcoin will maintain a high trading volume which should bring about high volatility, then this increases the chances that we may see bitcoin reaching and staying above $40k before and by this month ending.
But personally, I am still going to want to assume or believe that it's until next month before we start seeing bitcoin making any significant up moves, and this is if the sentiment of the market remains positive in the sense that, there is no outbreak of any bad news that is capable of dragging the market down.

I am actually going to bet on bitcoin trading above $40k by the ending of this month, but I am not going to count on it anyways, it's a bet I am going to believe is as good as lost, but if luckily it wins, then lucky me and everyone else who bet exactly the same.

Yes that's right there isn't any bad news that could drag the market down I think it's purely on a downtrend which isn't too hard, I don't expect it to go below $34k or $35k, the market right now doesn't actually look like there's much panic going on as has happened before, especially considering that the halving time will not be long before there are many queues for purchases under $40k, I think why do we see another push when the price goes below $40k then goes back up to above $40k.

Supposedly if you look at the daily charts the price of bitcoin will rise in the next few days, so let's see the final result because predictions and analysis are not always right, everything comes back to demand in the market, happy to bet on the bitcoin price prediction of $40k - $45k because I think That's a decent price to see that Bitcoin prices remain in a bullish state ahead of the halving in April. Anyone who bets on Bitcoin price predictions, hopefully they'll be lucky even if they don't get much at the Outcome Odds which are not too high.

[tranthidung]

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.

It is not my technical analysis but an overview.

After years in this market, I would like to keep my thinking quite simple. Time to enter and exit the market is fundamental for your investment and profit. If you enter and exit around bottom and top, it is good enough in my opinion and you no longer depend on technical analysis.

One thing that we know is that the big money entered the Bitcoin scene and we know that institutional capital are used to manipulate markets.

We can already see the artificial movement of the hype cycle in motion and how other fiat investment tools are being used to manipulate the Bitcoin ETFs.

Yes, Bitcoin ETFs bring new exposure to Bitcoin on a grand scale, but this is mostly happening off-chain.

New capital from Wall Street through Bitcoin Spot ETFs is very big and some days since Bitcoin Spot ETF approvals, they already bought 119,020 BTC. Currently they are buying mostly through OTC market but when supply in OTC market shrinks more, they will have to buy bitcoin in Spot markets.

Some updates for Bitcoin Spot ETF.

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[Fivestar4everMVP]

25jan24 rolling very lucky 20 WoF:


BTC: 0.00002889 [1.16 cents of USD]

LT: 108 [Who knows if next weekly draw will be my lucky one with other 9 users?]

RP: 2,889  [1.16 cents of USD]

GT: 0 [Once upon a time, I got 5 GT in a single WoF but no lucky in the semestral draw]


This was very funny. Enjoy.

LOLz, it is commonly said that hope is what drives a gambler to keep trying and trying and trying over and all over again and again, never giving up.

Current, I think I also got around the same number of lottery tickets, but I honestly have stepped hoping to be lucky for a the withdraw, because for several weeks now, I've been spending bitcoins won from wheel of fortune on lottery tickets, coupled with the ones I get for free each time I roll the faucet, but then, all this efforts have never come out positive for me week in, week out.

So, right now, I just dont care much about lotteries any more, even though I still do own some tickets every week, just incase the unexpected decides to happen.

And speaking of golden ticket, once have I managed to get just 1 golden ticket, but wasnt lucky in the draw as well.
Considering how limited and rare the golden ticket is, owning 5 of it in one season should have won you the lambo, but you weren't lucky possibly because, there must have been other customers who own more than 5.

Anyways, good luck to us this week in the lottery.

[TheUltraElite]

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.

[pawanjain]

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.

Nothing can be predicted accurately all the time. Technical, fundamental, psychological analysis etc.. are all just done for a reference.
We can use it for reference to make a prediction but nobody can guarantee that the prediction will come true.It's just a "probability" which may or may not occur.
From my analysis, BTC will "probably" stay under $40k until the end of this month and then it will start rising next month.

[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.

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.

Nothing can be predicted accurately all the time. Technical, fundamental, psychological analysis etc.. are all just done for a reference.
We can use it for reference to make a prediction but nobody can guarantee that the prediction will come true.It's just a "probability" which may or may not occur.
From my analysis, BTC will "probably" stay under $40k until the end of this month and then it will start rising next month.

About bitcoin price I have to be agreed with you because I am also expecting rang between $35K to $40K with after this we can expect good movement which could be brought good bull run but still we have to wait for the few days about this all.
Few days back I have debate on social media about gambling and predictions with mostly believe these things are surely mostly related to luck as techniques, analysis and fundamentals can go wrong against luck while here we also have 1 lottery ticket holder as winner and many times peoples with 100K lottery ticket holders are having nothing to cheer or mostly have prizes less than their investments but this all about is part of the game, and we have to accept realities.

[STT]

Combine it with a historic rhythm that Bitcoin has never made its new all time high before its halving, but usually about 6 months after that, I expect we will have some boring months ahead.

Yah thats basically the gist of how I view it as the wider market has a larger momentum and generally BTC should spike less then it would in prior bull runs; patience is not something we especially account for in the correct proportion.   Before we can climb a ladder we must build it and what happens if we rush the job and its really not fit for purpose or will take the weight, well we repeat ourselves alot and reset as we find the rungs on the ladder arent good enough for the climb just yet.
   It'll take some time and last year 2023 my conclusion in prospect was consolidation, not a negative actually great groundwork there and looks good when looking back.  This year is not imo take off straight up exactly though I wouldnt want to rule it out exactly, the halvening is less important each time it occurs the ETF is good but again a process over time so I favor the view of a gradually build also.  Actually slower is better for a longer term move, fast move up can be just a blip and most of us wont catch that benefit anyhow so I prefer slower.

I won the 5k level of sats on the wheel spin, right about now its adjusted to almost half the max.   Would be nice to max out the spins reward at a higher level with a lower BTC price at least temporally but Im just not confident of being able to do that especially now.

[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.