We are Close To The Bottom:

[BitHodler]

This would mean that one entire unpleasant year for the markets is still ahead of us.
On another hand this would also mean that the next ATH should be over 300k. Hmmm...

How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.

I hope that the next correction won't turn out to be similar to the previous post bull run corrections, because that would indicate that the market is still as immature as it has always been. Not something to look forward to.

These corrections aren't useful to anyone but those who know when to sell and buy back. Maybe that institutions providing liquidity will do the market well overall, because that's basically what it comes down to, liquidity.

[NeuroticFish]

How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.

Right now I cannot buy. Right now I would have preferred to even sell a little bit. Of course, I won't at this price.

And if the history of 2014 is repeating, we'll also have something similar with 2015, meaning the price will still fall for a while and even afterwards it will not recover easily.
If the history of 2014 is repeating, next year will be the one a lot of miners will give up. A lot of individuals will leave crypto world.
All in all, while, yes, the (new) believers with available funds can accumulate, it still looks like a bad year.

[eann014]

I think we got hit the bottom already now the prices is again moving over $3800 so which is the start of bull run maybe so get ready for the bull run before it start by buying the coins on your own or you will regret it later.

I don't want to expect for the bull run because for me, bitcoin is struggling right now and at the crisis. So, it is impossible for bitcoin to make another bull run or up again until over $10k, I think we will experience a low price of bitcoin in a long run.

[Vit83]

We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)  

[jimbo2000]

TA suggests that $2500-$3500 could be the bottom. That would have allowed the price to come back down all the way to a level it was previously secure at and a bottom that had been tested previously. The comparison from previous crashes is interesting, though if that holds true it would mean another 1-2 years of very slow growth. Though that beats the current trend.

Either way around, let's just hope big whales will start to make some actions that will help the price to increased. On the other side, hopefully its value already reached the bottom and could start to see some increased in order for us to at least make our mind be sometime relaxed.

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

[coinplus]

It's not a huge shock to anyone that the bitcoin price goes up and down. All those charts, all those estimates are basically all says "bitcoin sometimes goes up and sometimes goes down and in between it stays about the same without moving" which is really not a big surprise to anyone. It doesn't require a brain to know that price of something sometimes goes up and sometimes goes down.

Yeah, it has similarities to historical bitcoin price data because back in the day bitcoin went up and went down, now it went up last year and it went down now. Hence, what can we expect from bitcoin now? To go up. The point is how much will it drop and how long will it be like this before it starts going back up. We all know that bitcoin will go up eventually, the question is not "will it go up again?", the question is "when will it go up".

[Hamphser]

We are Close To The Bottom:

How to identify the bottom? 

It seems that all levels would really be a possible bottom when we do talk about cryptocurrency which we know this market is way
too unpredictable.

[exstasie]

How to identify the bottom? 

It seems that all levels would really be a possible bottom when we do talk about cryptocurrency which we know this market is way
too unpredictable.

You can only identify the bottom in hindsight, after bulls have bought the price back up and established a reversal.

But there are some signs to look for. As the OP points out, fearful and capitulatory sentiment accompanied by a deep crash can signify you're near the bottom. Swing lows and highs are also often characterized by extremely high volume too. Check out the volume on the February bottom this year.

[1Referee]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

[Quidat]

Whales aren't going to come and just start to buy everything up. If they do come they'll place their orders and let people fill them, why would they push up the price when they can just wait a little while and get cheaper coins?

Whales don't have to push the price up. The job of whales isn't signalling that they are a whale, but to make it seem they are not. In other words, they have their bots scooping up small amounts of coins on pretty much any level they are comfortable buying at, without affecting the market.

If you browse through the orderbooks of most larger exchanges, you see plenty of orders with similar amounts of coins, with some times very odd amounts as well. It's all bot activity.

So, this is how the market is being manipulated by just bots? Well, it is indeed still surprising to see even more since they have been all manipulating this market ever since from the start.

What we could do to such high volatility and sudden dump? We are almost near to the bottom and yet the market seems likely to go down for more.

[Shinpako09]

Seems we've reach it already. I woke up this morning at $3500 and now we are back at $4000. Finally saw a rise and it really feels great. Hope this would continue and back up atleast $6500 until the end of year. I don't want to fully hope in this one but let's just cherish this little rise happen. It's possible that investors could gain positivity again.

[hahay]

Seems we've reach it already. I woke up this morning at $3500 and now we are back at $4000. Finally saw a rise and it really feels great. Hope this would continue and back up atleast $6500 until the end of year. I don't want to fully hope in this one but let's just cherish this little rise happen. It's possible that investors could gain positivity again.

Agree, this is a small increase that might be a breath of fresh air for crypto holders, I also do not know how low the point will be trampled on, but with a small increase will at least make us more calm to holding because if prices continue to decline worries will increasingly high if we are unable to control ourselves.

[Herbert2020]

How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.

Right now I cannot buy. Right now I would have preferred to even sell a little bit. Of course, I won't at this price.

i am with you on not-buying, but that doesn't mean it warrants selling.
right now we don't know whether price is going to fall more or not but we also don't know if it is going to rise or not in short term. when manipulation is dominant in the market, all bets are off and what we are left with is a risky market which most investors prefer to stay away from which is why these recoveries usually take a longer time.

[adaseb]

We are in extremely oversold territory. A bounce is definately in the works. However is it the bottom? Who knows.

Looking at the hourly charts, I would need to see a clear break past $4100-$4200 to remain neutral. Right now its still bearish territory. Many are still short.

I think if we ever climb back to $6000, we will have a crazy Cup and Handle formation since many are probably holding their position from there.

[exstasie]

We are in extremely oversold territory. A bounce is definately in the works. However is it the bottom? Who knows.

Looking at the hourly charts, I would need to see a clear break past $4100-$4200 to remain neutral. Right now its still bearish territory. Many are still short.

There's a resistance area here in the $4,300s left from the last consolidation, before the final drop. The 1-hour chart is looking exhausted too. I wouldn't be surprised to see a harsh pullback here. I'd like to see a higher low before opening any new longs.

I think if we ever climb back to $6000, we will have a crazy Cup and Handle formation since many are probably holding their position from there.

Yeah, I'm sure there will be lots of resistance there. Whether we form a handle (and resume upwards) is an open question. Here's an interesting perspective on how it might turn out: https://www.tradingview.com/x/l8BeQtyp

[pinoyden]

We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)  

No . i believe that is not yet the bottom because based on what i read in a  news online ( from a reputable source ) they claim that crypto will continue to fall under 3k usd and the date or the period where the bearish trend could  end is probably on may 2019 .  

It was really shocking to hear those thoughts , that came from the experts  .

But overall if this scenario  could happen for real   , then it is still a good news for those who constantly collect cryptos because they can still buy more coins in a cheaper price .

[WinslowIII]

We are near the bottom already for a year) Every time BTC is falling everybody writing we near bottom buy as much as you can) Nobody can is this bottom or not)  

No . i believe that is not yet the bottom because based on what i read in a  news online ( from a reputable source ) they claim that crypto will continue to fall under 3k usd and the date or the period where the bearish trend could  end is probably on may 2019 .  

It was really shocking to hear those thoughts , that came from the experts  .

But overall if this scenario  could happen for real   , then it is still a good news for those who constantly collect cryptos because they can still buy more coins in a cheaper price .

F'g experts have been wrong a lot more than they have been right over the years. The more reputable source, the more wrong they have been. Who's more reputable than Warren Buffet? who's been more wrong than Warren Buffet? nobody.

[Clark05]

I hope this is the lowest price of the bitcoin for now and it will not decrease any more because if it's still down it is not really good for the market because it will down again. But we can have slolution for that if we buy all again bitcoin for sure in short period of time it will increasw again.

[fabiorem]

This seems like a good indicator, OP.

However, we were all thinking (including myself) that 6k was the bottom.

Weak hands have departed a long time ago. Now we have only whales dumping coins.

The people who didnt sell are those who had not go all-in, and only invested what they can afford to lose.

[Wilhelm]

This seems like a good indicator, OP.

However, we were all thinking (including myself) that 6k was the bottom.

Weak hands have departed a long time ago. Now we have only whales dumping coins.

The people who didnt sell are those who had not go all-in, and only invested what they can afford to lose.

Also HODL'ers didn't sell...
The best wallet is a cold wallet