Bitcoin Bottomed out ? TA analysis.

[exstasie]

The possiblity of breaking this channel to the upside is more likely than not, my only concern as of now is that gravestone doji, it clearly shows that the bears are very strong from 12k to 14k , a dozen of sell orders must be there, it is unlikely that we can break it on first attempt.

The gravestone/shooting star setup was worrisome but the market never established a real reversal signal, since we never closed below the body of the doji. The dip below the 20-day MA was bought up hard. Now we've formed a higher high to break the short term downtrend too.

I could see the market chopping around for a couple weeks longer before going into full bull mode again, but this all looks very constructive for  bullish continuation.

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[WinslowIII]

The possiblity of breaking this channel to the upside is more likely than not, my only concern as of now is that gravestone doji, it clearly shows that the bears are very strong from 12k to 14k , a dozen of sell orders must be there, it is unlikely that we can break it on first attempt.

The gravestone/shooting star setup was worrisome but the market never established a real reversal signal, since we never closed below the body of the doji. The dip below the 20-day MA was bought up hard. Now we've formed a higher high to break the short term downtrend too.

I could see the market chopping around for a couple weeks longer before going into full bull mode again, but this all looks very constructive for  bullish continuation.

You spend way too much time studying technicals and not enough time understanding how GD fucked the fiat based economies have become. The debt crisis is coming - bitcoin would have zero value if the world economies weren't in serious trouble.  This was Buffet's mistake, he was assuming that we weren't fucked. If he were right, his conclusions would have been spot on.

[mikeywith]

I could see the market chopping around for a couple weeks longer

I won't be surprised if that happen, by looking at start of the rally of  2015, after the first mini rally and right after we broke above the ichimoku cloud price went into a sideways market for nearly 200 days, but evidence show that this year momentum is faster (we ignored the second bottom) we tend to fast forward a few movements, so 200 days might not be it for this run, but a few weeks of sideways makes a lot of sense, it also gives the trend a lot more health/power to run further.

[exstasie]

The gravestone/shooting star setup was worrisome but the market never established a real reversal signal, since we never closed below the body of the doji. The dip below the 20-day MA was bought up hard. Now we've formed a higher high to break the short term downtrend too.

I could see the market chopping around for a couple weeks longer before going into full bull mode again, but this all looks very constructive for  bullish continuation.

You spend way too much time studying technicals and not enough time understanding how GD fucked the fiat based economies have become.

What good would it do me to dwell on that?

I make a living off trading. Riding the waves puts bread on my table so TA is much more interesting to me. I've already reached all my BTC accumulation goals so I'm not selling away my future by trading. I'm just here trying to churn out them dirty fiat profits.

[WinslowIII]

The gravestone/shooting star setup was worrisome but the market never established a real reversal signal, since we never closed below the body of the doji. The dip below the 20-day MA was bought up hard. Now we've formed a higher high to break the short term downtrend too.

I could see the market chopping around for a couple weeks longer before going into full bull mode again, but this all looks very constructive for  bullish continuation.

You spend way too much time studying technicals and not enough time understanding how GD fucked the fiat based economies have become.

What good would it do me to dwell on that?

I make a living off trading. Riding the waves puts bread on my table so TA is much more interesting to me. I've already reached all my BTC accumulation goals so I'm not selling away my future by trading. I'm just here trying to churn out them dirty fiat profits.

You gamble for a living then? short term bitcoin trading might as well be playing blackjack at the casino.

[exstasie]

You spend way too much time studying technicals and not enough time understanding how GD fucked the fiat based economies have become.

What good would it do me to dwell on that?

I make a living off trading. Riding the waves puts bread on my table so TA is much more interesting to me. I've already reached all my BTC accumulation goals so I'm not selling away my future by trading. I'm just here trying to churn out them dirty fiat profits.

You gamble for a living then? short term bitcoin trading might as well be playing blackjack at the casino.

I would liken it more to playing poker than blackjack. I'm taking other people's money in EV+ situations, not playing against the house with bad odds. You might consider it gambling but I've been successful at it for several years. To each his own.

[mikeywith]

I almost forgot I made this bitcoin bottom analysis more than 2 years ago, It has been a wild journey ever since, I believe in a few months I shall be posting another analysis on how bitcoin has likely topped, interesting times ahead, I take this chance to praise everyone (myself included  ) for staying strong when the majority of people were in panic mode, it's easy now to look back and say, oh, it was obvious and simple! since 2 years have passed and the price moved from 3k to over 50k, but it was certainly not easy then.

Those who were strong enough to enter when all the media and 90% of everyone around them was telling them BTC was going to zero, congratulations you deserve to own bitcoin when everyone wants to buy it for 50k.

[fadhilz123]

I almost forgot I made this bitcoin bottom analysis more than 2 years ago, It has been a wild journey ever since, I believe in a few months I shall be posting another analysis on how bitcoin has likely topped, interesting times ahead, I take this chance to praise everyone (myself included  ) for staying strong when the majority of people were in panic mode, it's easy now to look back and say, oh, it was obvious and simple! since 2 years have passed and the price moved from 3k to over 50k, but it was certainly not easy then.

Those who were strong enough to enter when all the media and 90% of everyone around them was telling them BTC was going to zero, congratulations you deserve to own bitcoin when everyone wants to buy it for 50k.

I join in Cryptocurrency in 2017 and start to buy my First Bitcoin, When Bullrun comes and my asset grow to a value that I could never imagine then I believe that this coin is a future investment and the price will continue moon

Because I don't have enough knowledge and my mind keeps saying "will to the moon", so I keep hold it until I regret my decision. After that, I start to learn about the chart and I know that we cant to always moon, Big correction will happen after Bullrun

Keep sharing your prediction and knowledge sir, I will be faithfully waiting for your predictions

[fadhilz123]

Big correction for Bitcoin and Altcoins, but I don't see any new analysis from you. I think your thread will so helpful for many people.
When you will update about the condition of the market?? I prepare to buy now, but I think more bearish will come, What do you think?

[mapsfly]

Big correction for Bitcoin and Altcoins, but I don't see any new analysis from you. I think your thread will so helpful for many people.
When you will update about the condition of the market?? I prepare to buy now, but I think more bearish will come, What do you think?

really?
It can go down to 40k or up to 100k soon

its at 44k and your super worried about some small downside from here when there is massive upside ahead.

you should be happy you had cash on the sideline and can now enter here

[MCobian]

I think Bitcoin support is very strong at $ 45k, falling several times to $ 44k but it doesn't last long to get back to $ 45k again. It is likely that
the Bitcoin price is now at its bottom and the recommendation to buy Bitcoin is now. I am optimistic that in the next few days the Bitcoin price
should go up to a price of $ 50k, if this is achieved I can be sure the Bitcoin price will continue to go up to a price of $ 58k. So now is the perfect
time to buy Bitcoin.

[STT]

Bit of a legendary thread this one, good timing call and yea that was a nasty period around end of 2018.   The lows could have lasted alot longer in theory, my current TA is we are consolidating and recently beat a negative trend  Highs are capped in aspirations but seems best to remain optimistic so long as we remain above 48k and you are right not everyone likes TA but its a good guide not an absolute yes or no more probable outcomes imo.

[Arkann]

I think Bitcoin support is very strong at $ 45k, falling several times to $ 44k but it doesn't last long to get back to $ 45k again. It is likely that
the Bitcoin price is now at its bottom and the recommendation to buy Bitcoin is now. I am optimistic that in the next few days the Bitcoin price
should go up to a price of $ 50k, if this is achieved I can be sure the Bitcoin price will continue to go up to a price of $ 58k. So now is the perfect
time to buy Bitcoin.

In any case, Bitcoin is an alternative and quite valuable asset compared to other assets and the constant attraction of large capital strengthens the position of bitcoin. I am sure that the owners of large investment portfolios are not interested in the fall of bitcoin and will use all kinds of leverage to support this asset. Therefore, I am sure that the only way for Bitcoin is upward direction, of course allowing small corrections.