Bottom is in !!

[pooya87]

one thing that i have experienced throughout the years with bitcoin is that whenever i see a lot of manipulation where the drop is because of it, that has always meant high unpredictability. so calling bottoms, using things such as moving average,... becomes meaningless because it is manipulation that is dominant and deciding the price hence the bottom. that is also why i always prefer staying away at times like this unless i already have some free money which i would make sure to dump and buy bitcoin instead.

[DarkBullet]

There are still possibilities and scenarios that may affect bitcoin to reach another all time low before the year ends so your predictions may still happen. This is the second day since bitcoin touches $4000 and act as a support line. The current price is now being tested if this be broken, we could expect to see bitcoin to play in $3500 to $3800 and worst case is $2800 to $3100. Depending on fundamental results and how the public reacts, these prices I mentioned are possible. I am currently trading at Binance and I am seeing a minor dump so we better watch closely or we will be left behind.

[shinharu10282016]

We've reached the bottom right now and I hope we can see something other than the bottom because we can all see how 2018 is a year of downs and bottoms. Let it rise even if its the end of the year, just never let it get down to the level everything isn't of value right now.

[Capt00]

We've reached the bottom right now and I hope we can see something other than the bottom because we can all see how 2018 is a year of downs and bottoms. Let it rise even if its the end of the year, just never let it get down to the level everything isn't of value right now.

How did you know that we are on the button right now? The market is unpredictable yet we don't know what will happen next, so, let's just hope that we are now on at the button price and it will be begun to raise up even though there's a lot of rumor that there is no bull run at this year but still we hoping on that. Well, there's nothing we can do now is just ride the volatility and manage the possible risk.

[pundit]

It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom...
I want to show you my top 3 scenarios, which I believe are most probable.


Atm I still believe we are on scenario A. ... yes price went lower, but unless we break 3600, and drop down to 200 weekly moving avg, which is atm at around 3150, i still believe we are in A...

As per my analysis it should be the bottom now, whenever there is some sharp fall after a long downtrend it should be considered as the end. Every scenario in financial market is probable, there is always a top and bottom of any trend but it is the most panic moment for very trader investor which forces them to sell low buy high.

[Fredomago]

I don't believe in some predictions and forecast anymore. If the famous experts are mostly becoming foolish for so many times before due to bearish market then how much more for the ordinary crypro users like us. I will steak to wait and see scenario as Bitcoin and Crypto market are proven unpredictable.

Better to be realistic than to expect something that really unpredictable, we can't say if we are already on its bottom as manipulators can do more if they seen money flowing around the market, more shake means more weak to let go, so even we do have some good insight with analyzing the potential outcome we still needs to observed more and if there's some spare money to invest taking the risk while value still cheaper than the last ATH can provide good profits in the bounce back period.

[okala]

I don't think it has bottom out and what happened last three days is a fakeout signal.  The bottom is not in sight yet and a lot of speculations are out there that are pointing towards $3000 and $1500.  For now we should expect a very serious technical or fundamental analysis indicators that will change the equation.

[clrpod]

We're either oversold and already broke the bottom, which should mean a fairly swift return back to $6000. Or we haven't reached the bottom yet which will likely mean a push down to $3000 or lower. I believe that the second is more likely true given how little push back there has been with the price, there seems to be little in terms of buying volume to move the price upwards.

I really hope that is not the case, the price going down even further will be probably the breaking point of many investors, while many will be happy with those investors leaving the market that will decrease the adoption and it is likely that someone that has lost so much money with cryptocurrencies will prefer to not invest again in them, so the small recovery we are seeing even if it is not much gives those investors at little bit of more calm and they could decide to keep holding.

We'll only reach the bottom when fear is at its maximum and the large majority of people have little hope for a recovery. Looking at past bottoms from a mass psychological perspective, we're still some way away. Of course sometimes that trend is broken with exceptional circumstances, the tech and innovation we're seeing may be enough to break that but at this moment I believe the market is still too driven by speculation for that to be the case.

i think it's a dead cat bounce. buying volume isn't too impressive, and there's no V bottom to be seen.

the S&P 500 is also threatening a pullback. the last 4h close is a bearish star doji. it looks like the stock market is about to test the theory that we made a double bottom; the same could be true for BTC. while i don't believe there is a direct causal relationship with bitcoin, like masterluc i believe they are correlated because of a larger market cycle.

As I've said before, I believe that's more likely to be the case. Although a V might not form for some time, if the price returned back to 6k in a week or two then looking on a few day or 1 week graph you'd see the V you spoke of.

There is undoubtedly a link between the stock market and crypto markets, while there's most probably no causality there's a strong positive correlation and it makes sense. They're both choices of investment and more risky ones at that, if the wold economy changes and investment goes down or moves towards safer investments then both will suffer.

[cizatext]

Since the bitcoin as a commodity does not have a fixed price then it practically impossible to know it bottom, how can one predict it next price either it will further go down or increase its unpredictable but I will say a $2000 bottom line is what may be the lowest down movement that bitcoin can go within this year, but since the bitcoin market is always volatile so at that it price can never be predicted.

[hubballi]

Since the bitcoin as a commodity does not have a fixed price then it practically impossible to know it bottom, how can one predict it next price either it will further go down or increase its unpredictable but I will say a $2000 bottom line is what may be the lowest down movement that bitcoin can go within this year, but since the bitcoin market is always volatile so at that it price can never be predicted.

Even i can also say that $1000 is also bottom line as this was the 2016 resistance point from where the market moved up massively, so this price is also a big resistance sentimentally. But still no one can tell what is low and what will be the high for 2018

[Leonard2016]

It seems that its bottom is around 3600$ , and I say that because of the miners , mining 1 bitcoin needs a lot of power and I think it coasts around 3600$ , and if it goes deeper than that it wouldn't be profitable to mine , Sometimes its diagram acts ridiculous , dropping 12% in one day means some people still are playing with it .

[rickadone]

It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom...
I want to show you my top 3 scenarios, which I believe are most probable.
[im g]https://pbs.twimg.com/media/DtE5bQ-WwAArGgx.jpg:large[/img]

Atm I still believe we are on scenario A. ... yes price went lower, but unless we break 3600, and drop down to 200 weekly moving avg, which is atm at around 3150, i still believe we are in A...

We will never know what the bottom is until it happens. This could very well be the bottom however it doesn't mean it must be.

Some rich person like Craig can wake up one day and say I will sell another 30 thousand dollars to disturb the market and we will see another bottom even further down than this one. Hence, we will never have a clue on what the bottom will be or will not be. We have seen a lot of drop recently that nobody really expected, just a month ago people were saying that 6 thousand dollars was the bottom, now that we have moved further down people are calling this a bottom, what if we drop to 2 thousand dollars next week? I can tell you what will happen, people will call 2 thousand dollars the bottom. Do not look for the bottom, get as much as you can afford on all prices.

[Julunguul]

The market is making some insane moves. Going down by -20% in a 24h period and the next days we see a +10-15%. Any prediction for the short term seems unreliable as the market itself seems don't know where to go. People are calling $3,000 the bottom, and when we will be in they will say $2,000 is the bottom and so on.

Yes it seems that this year is indeed the worst year for crypto, a very rapid and continuous decline, making people think this way, fluctuating increases only last temporarily, not even up to 24 hours. Save FIAT assets at times like this seems pretty good rather than having to be hit every time we see market prices

[CryptoF007]

I don't know which credible people are you following, but not all of them were calling for bottom anyway near 6000...
In my first video, posted on 3th Oct, I said BTC has not bottomed yet... and in next few videos I explained the reasons why I believe 6k is not the bottom... And of course I was not the only one who predicted fall much below 6k.
Bitcoin has not bottomed yet - historical comparison
So please stop saying that everybody was calling 6k the bottom.
And also now, most of the people, whose opinion really count, believes 3600 was not bottom... So I am really asking myself who d hell are you listening to?

[keanne_isaac]

It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom...
I want to show you my top 3 scenarios, which I believe are most probable.


Atm I still believe we are on scenario A. ... yes price went lower, but unless we break 3600, and drop down to 200 weekly moving avg, which is atm at around 3150, i still believe we are in A...

So many speculative analysis that market may down deeper going to 3.5k$ and bottom to 2k$ at most but for me I have to keep an eye on the real market movement no one knows what this whales are planning to the price of Bitcoin but if it goes deeper it is still an opportunity to buy at the lower price and keep holding I know bearish season may over and I patiently wait for it to come

[charlotte04]

It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom...
I want to show you my top 3 scenarios, which I believe are most probable.


Atm I still believe we are on scenario A. ... yes price went lower, but unless we break 3600, and drop down to 200 weekly moving avg, which is atm at around 3150, i still believe we are in A...

I really hope so. After that I would make a long position and wait until Bitcoin retraces again to go down. But I hope that it will have nothing to do with it now.

[fasdorcas]

It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom...

I am also believing the bottom has already arrived. We can be sure about trend change hereafter. But, we need more confirmations to occur in order to make new positions. Please do not rush to buy right now. Waiting for more confirmations to occur will be the good idea for assuming the bottom has already in.

For the worst case we may get price lower than $3500 but definitely not lower than $3000. Hence, buying right now and holding for some months will enable  anyone to get profits from this volatile market.

[CryptoF007]

It seems that its bottom is around 3600$ , and I say that because of the miners , mining 1 bitcoin needs a lot of power and I think it coasts around 3600$ , and if it goes deeper than that it wouldn't be profitable to mine , Sometimes its diagram acts ridiculous , dropping 12% in one day means some people still are playing with it .

It is not possible to say at which price tag mining becomes unprofitable. As price goes down, some miners exit the proces and others receive bigger share of the block reward, therefore become more profitable.
So determining bottom by the cost it takes to mine 1 btc is not possible. If majority of miners stops mining today, price for mining 1 btc might drop to 10$...

And there you have also miners who are mining on renewable energy sources, and other low energy cost solutions, which drives expenses lower. So what will this bear market do : Well, it will force miners which are not optimised from a prospective of costs/performance out of the proces, and only the strongest will survive, which is kind of a natural selection...
So for the most advanced miners there is no such thing as nonprofitable mining, because more the price drops more other miners quit mining, and bigger their share of reward gets... and this point where other miners start leaving the proces is way above their breaking point...

[Gargo]

It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom...

I am also believing the bottom has already arrived. We can be sure about trend change hereafter. But, we need more confirmations to occur in order to make new positions. Please do not rush to buy right now. Waiting for more confirmations to occur will be the good idea for assuming the bottom has already in.

For the worst case we may get price lower than $3500 but definitely not lower than $3000. Hence, buying right now and holding for some months will enable  anyone to get profits from this volatile market.

However, there is still one more option. There may be another wave - the price of Bitcoin will increase to about $5k, maybe even $7k, and then fall below $3k. Then the bottom can be found even below the level of $2k.

[gabmen]

It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom...

I am also believing the bottom has already arrived. We can be sure about trend change hereafter. But, we need more confirmations to occur in order to make new positions. Please do not rush to buy right now. Waiting for more confirmations to occur will be the good idea for assuming the bottom has already in.

For the worst case we may get price lower than $3500 but definitely not lower than $3000. Hence, buying right now and holding for some months will enable  anyone to get profits from this volatile market.

However, there is still one more option. There may be another wave - the price of Bitcoin will increase to about $5k, maybe even $7k, and then fall below $3k. Then the bottom can be found even below the level of $2k.

I've grown tired of trying to figure out where the bottom would be lol. I was really confident just last month that we've already bottomed at 5.8k and never imagined we could get this low. Especially during the last quarter. We may or may have not yet reached the bottom but i'm just going to leave my coins and check next year 😅