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Author Topic: My guess about mid-term bitcoin price  (Read 146 times)
1Referee
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August 31, 2018, 02:22:40 PM
 #21

We have not really identified the market yet so it is best to wait at this time.

Speak for yourself. It's obvious that the market is setting lower highs continuously, which is what markets do during bearish cycles.

People really need to accept that the current price isn't low, nor is it going to pump any time soon. The market had no chance to properly bottom out with how the ETF speculation fuels people's hope for another bull run this year, and then we have idiotic public faces throwing around with crazy high end of the year predictions. Seriously, what's wrong with everyone?

Did the crypto market ever do things the mass was expecting to happen? Never. Did the crypto market ever do things the mass was not expecting to happen? All the time.

Last year's bull run was so explosive because no one (including the most elite traders) expected it to happen. People had only one option at that point, which was to fomo in at any price. People right now have bought in already or are bagholders from last year's bull run. In other words, there is only selling pressure to eat through. Not a good environment for a bull run.

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August 31, 2018, 03:46:15 PM
 #22

We have not really identified the market yet so it is best to wait at this time.

Speak for yourself. It's obvious that the market is setting lower highs continuously, which is what markets do during bearish cycles.

People really need to accept that the current price isn't low, nor is it going to pump any time soon. The market had no chance to properly bottom out with how the ETF speculation fuels people's hope for another bull run this year, and then we have idiotic public faces throwing around with crazy high end of the year predictions. Seriously, what's wrong with everyone?

Did the crypto market ever do things the mass was expecting to happen? Never. Did the crypto market ever do things the mass was not expecting to happen? All the time.

Last year's bull run was so explosive because no one (including the most elite traders) expected it to happen. People had only one option at that point, which was to fomo in at any price. People right now have bought in already or are bagholders from last year's bull run. In other words, there is only selling pressure to eat through. Not a good environment for a bull run.

Well that's true however we do have a very good chance to actually break the lower highs on the weekly chart. It just needs more volume but it can certainly happen this time since we only have to break 8500$ and we are at 7000$ already. Some good FUD can do the trick, so far bulls have been doing ok in the past 2 weeks.

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August 31, 2018, 04:14:54 PM
 #23

We have not really identified the market yet so it is best to wait at this time.

Speak for yourself. It's obvious that the market is setting lower highs continuously, which is what markets do during bearish cycles.

People really need to accept that the current price isn't low, nor is it going to pump any time soon. The market had no chance to properly bottom out with how the ETF speculation fuels people's hope for another bull run this year, and then we have idiotic public faces throwing around with crazy high end of the year predictions. Seriously, what's wrong with everyone?

Did the crypto market ever do things the mass was expecting to happen? Never. Did the crypto market ever do things the mass was not expecting to happen? All the time.

Last year's bull run was so explosive because no one (including the most elite traders) expected it to happen. People had only one option at that point, which was to fomo in at any price. People right now have bought in already or are bagholders from last year's bull run. In other words, there is only selling pressure to eat through. Not a good environment for a bull run.

Well that's true however we do have a very good chance to actually break the lower highs on the weekly chart. It just needs more volume but it can certainly happen this time since we only have to break 8500$ and we are at 7000$ already. Some good FUD can do the trick, so far bulls have been doing ok in the past 2 weeks.

i think it is mainly a confidence reason or lack thereof.
people are still not sure about the short term result of bitcoin price so they are mainly waiting. someone said the other day that "only bots are remaining in the market" although i don't agree with it but it makes sense. investors are still not back in because they may be afraid of the short term fluctuations and the manipulation that may come with ETF rejection. if we didn't have that, we might have been seeing a very different market today.

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August 31, 2018, 05:38:36 PM
 #24

I think We may be having a healthy consolidation as long as we remain above 6850.  We had a retracement from above $7k level which appears to have been stopped by the 6850 area support.  This could be the beginning of a healthy consolidation during which Alts see some bullishness!
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August 31, 2018, 05:51:30 PM
 #25

Bitcoin is in the mid-term trend (bullish or bearish), which is approximately 7 days from now on H12 chart.
In my opinion, I think you should buy BTC if it is reached more than $7100 and be careful with $6500 because if price down to less than $6500, downtrend will return.



Yes i agree on you, if the price of bitcoin reached $7k dollars then probably it will continuously increase to the moon again just like what happened last year.
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August 31, 2018, 06:19:43 PM
 #26

Last year's bull run was so explosive because no one (including the most elite traders) expected it to happen. People had only one option at that point, which was to fomo in at any price. People right now have bought in already or are bagholders from last year's bull run. In other words, there is only selling pressure to eat through. Not a good environment for a bull run.
Makes sense. I wonder how long it will take before they lose confidence and start dumping their coins out of boredom or frustration. Maybe that breaching key support below $6000 will be that trigger.

If so, the price will fall down to low $5000s which admittedly is not something to look forward to even for me. I appreciate the buying opportunity, but I rather see the price increase in a slow but sustainable manner.

Good thing (for what it's worth) is that the futures markets are signalling more longs than shorts which might have contributed to the price to comfortably jump over $7000 just now. I'm still neutral though

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August 31, 2018, 08:41:20 PM
 #27

In my opinion, I think you should buy BTC if it is reached more than $7100 and be careful with $6500 because if price down to less than $6500, downtrend will return.

I do not understand, you want people to buy bitcoin when the price is more than $ 7,100? Should not it be sold when the price is more than $ 7,100? I'm lost. Anyway, the price has not had large increases so we know that it will be between $ 5800 to $ 8500, just buy the $ 5800 and sell at more than $ 7000 and expect the price to fall below $ 6500 to buy again

Bitcoin is in the mid-term trend (bullish or bearish), which is approximately 7 days from now on H12 chart.
In my opinion, I think you should buy BTC if it is reached more than $7100 and be careful with $6500 because if price down to less than $6500, downtrend will return.



Yes i agree on you, if the price of bitcoin reached $7k dollars then probably it will continuously increase to the moon again just like what happened last year.

Last year we had no pressure from governments and banks. today things are very different from last year, so do not expect we will see the same increase we had last year




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August 31, 2018, 09:04:49 PM
 #28

Bitcoin is in the mid-term trend (bullish or bearish), which is approximately 7 days from now on H12 chart.

I don't see bitcoin moving on a sideways, that trend was broken ($6300-$6500) and now we are in a upward trend.

In my opinion, I think you should buy BTC if it is reached more than $7100 and be careful with $6500 because if price down to less than $6500, downtrend will return.

Definitely still a good buying point. Because this bullish trend might continue prior to the SEC decision on ETF.

I think We may be having a healthy consolidation as long as we remain above 6850.  We had a retracement from above $7k level which appears to have been stopped by the 6850 area support.  This could be the beginning of a healthy consolidation during which Alts see some bullishness!

Support is strong around $6800-$6900 that's why we didn't dip that much. But for me its not a consolidation, it appears that a break out might actually occur up to $7200-$7500.

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August 31, 2018, 09:08:43 PM
 #29

Bitcoin is in the mid-term trend (bullish or bearish), which is approximately 7 days from now on H12 chart.
In my opinion, I think you should buy BTC if it is reached more than $7100 and be careful with $6500 because if price down to less than $6500, downtrend will return.

Speculations will remained speculation until it will happened.

We have different approaches on what price should we consider to buy bitcoin. If you see it that way then fine. But honestly, if the purpose is to acquire for additional quantity on our stash or basically hodl, the price will be based on instinct and self analyzation.

... and be careful with $6500 because if price down to less than $6500, downtrend will return.

We already sees how bitcoin withstand the $5500 mark several times under the influence of FUD, events and negative speculations. If downtrend will return on that level, then it's more reasonable to consider buying at that level.

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August 31, 2018, 10:23:04 PM
 #30

Bitcoin is in the mid-term trend (bullish or bearish), which is approximately 7 days from now on H12 chart.
In my opinion, I think you should buy BTC if it is reached more than $7100 and be careful with $6500 because if price down to less than $6500, downtrend will return.
The price of bitcoin in the past few days continues to move in the range of $6k-$7K, if you want to buy it I don't think it is necessary to wait until it enters at $7k, because it will potentially go down again, I personally buy it in the range of $6k and I resell at $7k. I just want to play this movement and take advantage even a little. Hopefully there will be good news the following month so that bitcoin prices can penetrate $8-$10K again.

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August 31, 2018, 11:31:00 PM
 #31

Bitcoin is in the mid-term trend (bullish or bearish), which is approximately 7 days from now on H12 chart.
In my opinion, I think you should buy BTC if it is reached more than $7100 and be careful with $6500 because if price down to less than $6500, downtrend will return.
The price of bitcoin in the past few days continues to move in the range of $6k-$7K, if you want to buy it I don't think it is necessary to wait until it enters at $7k, because it will potentially go down again, I personally buy it in the range of $6k and I resell at $7k. I just want to play this movement and take advantage even a little. Hopefully there will be good news the following month so that bitcoin prices can penetrate $8-$10K again.
There are many speculation about btc prices. If you are ready taking risks to enter at this rate then buy bitcoin. The range of price had at 6k-7k their is a tendency of downfall of price but many has a high hopes that bullish trend has a strong hands to move up.

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August 31, 2018, 11:59:13 PM
 #32

We have not really identified the market yet so it is best to wait at this time.

Speak for yourself. It's obvious that the market is setting lower highs continuously, which is what markets do during bearish cycles.

People really need to accept that the current price isn't low, nor is it going to pump any time soon. The market had no chance to properly bottom out with how the ETF speculation fuels people's hope for another bull run this year, and then we have idiotic public faces throwing around with crazy high end of the year predictions. Seriously, what's wrong with everyone?

Did the crypto market ever do things the mass was expecting to happen? Never. Did the crypto market ever do things the mass was not expecting to happen? All the time.

Last year's bull run was so explosive because no one (including the most elite traders) expected it to happen. People had only one option at that point, which was to fomo in at any price. People right now have bought in already or are bagholders from last year's bull run. In other words, there is only selling pressure to eat through. Not a good environment for a bull run.

the delay of the decision regarding ETFs has certainly pushed bitcoin down, even below an important Fibonacci retracement zone. Technical Analysts recommend to get out of Bitcoin or alts as we head toward 3k. I would stay calm and rather this as a buying opportunity. The ETFs wll get approved at some stage in the near future. With every new application we get a bit closer getting this achieved. Also note it got delayed, not rejected, in other words, the SEC does still consider it.
Well that's true however we do have a very good chance to actually break the lower highs on the weekly chart. It just needs more volume but it can certainly happen this time since we only have to break 8500$ and we are at 7000$ already. Some good FUD can do the trick, so far bulls have been doing ok in the past 2 weeks.

i think it is mainly a confidence reason or lack thereof.
people are still not sure about the short term result of bitcoin price so they are mainly waiting. someone said the other day that "only bots are remaining in the market" although i don't agree with it but it makes sense. investors are still not back in because they may be afraid of the short term fluctuations and the manipulation that may come with ETF rejection. if we didn't have that, we might have been seeing a very different market today.

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September 01, 2018, 12:00:59 AM
 #33

We have not really identified the market yet so it is best to wait at this time.

Speak for yourself. It's obvious that the market is setting lower highs continuously, which is what markets do during bearish cycles.

People really need to accept that the current price isn't low, nor is it going to pump any time soon. The market had no chance to properly bottom out with how the ETF speculation fuels people's hope for another bull run this year, and then we have idiotic public faces throwing around with crazy high end of the year predictions. Seriously, what's wrong with everyone?

Did the crypto market ever do things the mass was expecting to happen? Never. Did the crypto market ever do things the mass was not expecting to happen? All the time.

Last year's bull run was so explosive because no one (including the most elite traders) expected it to happen. People had only one option at that point, which was to fomo in at any price. People right now have bought in already or are bagholders from last year's bull run. In other words, there is only selling pressure to eat through. Not a good environment for a bull run.


i think it is mainly a confidence reason or lack thereof.
people are still not sure about the short term result of bitcoin price so they are mainly waiting. someone said the other day that "only bots are remaining in the market" although i don't agree with it but it makes sense. investors are still not back in because they may be afraid of the short term fluctuations and the manipulation that may come with ETF rejection. if we didn't have that, we might have been seeing a very different market today.

the delay of the decision regarding ETFs has certainly pushed bitcoin down, even below an important Fibonacci retracement zone. Technical Analysts recommend to get out of Bitcoin or alts as we head toward 3k. I would stay calm and rather this as a buying opportunity. The ETFs wll get approved at some stage in the near future. With every new application we get a bit closer getting this achieved. Also note it got delayed, not rejected, in other words, the SEC does still consider it.

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September 01, 2018, 09:45:24 AM
 #34

I do not think there will be a rise in the near future. because the volume is weak. if so, the year 2018 max. It closes at $ 8,000 - $ 9,000. if they continue at these levels, the decline may begin again. It is possible to fall to the level of $ 6,000.
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September 01, 2018, 10:10:46 AM
 #35

If many people buy bitcoin now, the demand on the market will increase, thus the price will also increase. But many people are afraid of bitcoin. They think if they buy now, the price will remain still assuming that big whales are in control of the price and they can alter it as they want. The fear of purchasing bitcoin is what makes the price very low.  Also, as we speak, there are many people who are selling their bitcoin because they need fiat currency. It is all connected.


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September 01, 2018, 05:24:49 PM
 #36

I dont understand why you should buy Bitcoin, then price is 7100$, but not to buy when price goes back to 6500$. If you a looking profit in mid-term , I thing you definitely should buy BTC when price is around 6500$, because it is almost the bottom of price , there is very strong BTC support. So from there is only one price path and it is up.

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