Bitcoin Forum
July 19, 2019, 12:40:28 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2018-08-18] Breakdown Over? Bitcoin Indicators Suggest Price Is Improving  (Read 86 times)
AXELNetwork
Member
**
Offline Offline

Activity: 149
Merit: 11


View Profile WWW
August 16, 2018, 05:54:23 PM
 #1

There's a lot of negative views about the market out there but this article shows us that things are not as grim as they seem and a bounce back is likely:

https://www.coindesk.com/breakdown-over-bitcoin-indicators-suggest-price-outlook-is-improving/

Learn more about the AXEL project here: https://axel.network/
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563496828
Hero Member
*
Offline Offline

Posts: 1563496828

View Profile Personal Message (Offline)

Ignore
1563496828
Reply with quote  #2

1563496828
Report to moderator
Nebula Crook
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
August 16, 2018, 06:38:04 PM
 #2

Over the past few days bitcoin has managed to stay around 6K and now moving in the range of 6200-6500 USD mark.
darkangel11
Legendary
*
Offline Offline

Activity: 1288
Merit: 1057


View Profile
August 16, 2018, 08:55:23 PM
 #3

He's right about that. 1d chart looks very much like the end of a short term sell pressure and the price getting ready for a small bounce back. Just note that since we are still in a bear trend this bounce could (and probably will) end below 7000 USD, that will again show that we have a lower high and are ready for another leg down. We shall see, I'm still full of hope that we can end this bear market without going to 5k.
AXELNetwork
Member
**
Offline Offline

Activity: 149
Merit: 11


View Profile WWW
August 16, 2018, 09:07:34 PM
 #4

He's right about that. 1d chart looks very much like the end of a short term sell pressure and the price getting ready for a small bounce back. Just note that since we are still in a bear trend this bounce could (and probably will) end below 7000 USD, that will again show that we have a lower high and are ready for another leg down. We shall see, I'm still full of hope that we can end this bear market without going to 5k.

You're probably right, it won't go that low. Some believe it will still be at 10,000 USD by the end of the year when it's all said and done.

Learn more about the AXEL project here: https://axel.network/
cryptofonia
Jr. Member
*
Offline Offline

Activity: 110
Merit: 1


View Profile WWW
August 17, 2018, 01:08:18 PM
 #5

There's a lot of negative views about the market out there but this article shows us that things are not as grim as they seem and a bounce back is likely:

https://www.coindesk.com/breakdown-over-bitcoin-indicators-suggest-price-outlook-is-improving/
Arthur Hayes of BitMEX believes $50,000 of Bitcoin until the end of this year.
BitHodler
Legendary
*
Offline Offline

Activity: 1330
Merit: 1139


View Profile
August 17, 2018, 08:28:56 PM
 #6

Arthur Hayes of BitMEX believes $50,000 of Bitcoin until the end of this year.
He also stated that Bitcoin would need to bottom out before it pumps (his predicted bottom is $5000). If his predictions hold any value, the price would first need to drop far below people's precious $6000 mark.

That being said, I'm quite bored with all "expert" predictions nowadays. It has become more noise than actual signal, and when that happen you mostly know it's pure desperation.

All the crypto funds have to act overly bullish to not let their clients lose hope and withdraw their capital, but when they are wrong time on time again, people will eventually take their losses and move on.

Accepting losses is way easier than waiting for the market to reach $20,000 this year as experts keep pointing to, which isn't going to happen. Taking your capital out also means no more stress.

Unikol
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
August 18, 2018, 12:01:13 AM
 #7

Over the past few days bitcoin has managed to stay around 6K and now moving in the range of 6200-6500 USD mark.

It could break 7k in the next month.
blnsh
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
August 18, 2018, 04:50:56 AM
 #8

There's a lot of negative views about the market out there but this article shows us that things are not as grim as they seem and a bounce back is likely:

https://www.coindesk.com/breakdown-over-bitcoin-indicators-suggest-price-outlook-is-improving/

yes, actually bitcoin is the only crypto currency without official "developers team", actually decentralized digital currency and in long time, only BTC will stay alive.
also whole world would probably trust more BTC than any other, I mean generally
in that case BTC gonna be alright  Cool
don't panic, just collect your amounts
Ridwan Fauzi
Full Member
***
Offline Offline

Activity: 658
Merit: 110


View Profile
August 18, 2018, 06:47:00 AM
 #9

Over the past few days bitcoin has managed to stay around 6K and now moving in the range of 6200-6500 USD mark.

It could break 7k in the next month.
Seeing market sentiment, bitcoin prices will rise again to $ 7000 prices before next month, it means in the next few days the price of bitcoin will reach $ 7000 again. Because now bitcoin arround $6.533 base on coinmarketcap, and we have 14 day to reach $7000 and that will come.

gentlemand
Legendary
*
Online Online

Activity: 2072
Merit: 1831


Baby Blue Panties


View Profile
August 18, 2018, 10:37:49 AM
Merited by Samarkand (2)
 #10

Arthur Hayes of BitMEX believes $50,000 of Bitcoin until the end of this year.

Arthur Hayes makes truckfuls of money no matter what the actual price does. His job is to keep attracting saps to his casino so he can relieve them of their money so any prediction of his is going to be coloured by that.

People should be treating this nowhereland as an opportunity to get on with other aspects of their lives. Unlike 2014/15 when there were moments where it really did feel like things could dwindle to nothing, Bitcoin long term is looking stronger than ever.

There may be higher prices in the near future, there could well be much lower ones. It's all going to be in the 'noise' category so the only people who should be paying close attention are the degenerate gamblers on leverage.


Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!