Don't Fomo , 3800$ incoming ?

[sana54210]

$3,800 won’t happen in my opinion, I think we could return to mid $4,000’s but $3.800 is too low & there will be lots of buy support before we reach that kind of price.

$3,800 could happen quickly, the same it went from $3,800 to $5,000, remember it didn't take long (2 weeks). And the market doesn't look so great as people may think. I would call the current market "fragile" if I can say.

And to add a "great news" that could hit a lot the BTC value... New Allegations Against Tether, Bitfinex on Thursday https://www.bloomberg.com/news/articles/2019-04-25/bitfinex-operator-accused-by-new-york-of-850-million-coverup via @technology

Even if the market head back to $3800, it may really not take more than same 2 weeks for it to rise back, because FOMO will definitely play out, especially the people that have always wanted the price back to $3800 for them to buy and it seems we have many people interested in this value.

Everyone will tend to want to invest at that value and enough money will be pumped into the marketcap of Bitcoin that might make it grow higher than the current marketcap, if FOMO then starts, I really don’t see anything stopping it, which might make us witness the value of $10k before September.

[adaseb]

I don't think its the MA which pushed the price down, I just think that the $5800-$6000 area or more specifically the $5750-$6000 area is where everybody and their grand mother would short Bitcoin because its the classical TA of strong support becomes strong resistance so the whales decided to come close, $5650 and sold while everybody else missed the opportunity.

So far who knows, we might still test the $5800 area but with the tether fud and price ranging, there is a chance we might need to head lower before we head higher.

[LeGaulois]

$3,800 won’t happen in my opinion, I think we could return to mid $4,000’s but $3.800 is too low & there will be lots of buy support before we reach that kind of price.

$3,800 could happen quickly, the same it went from $3,800 to $5,000, remember it didn't take long (2 weeks). And the market doesn't look so great as people may think. I would call the current market "fragile" if I can say.

And to add a "great news" that could hit a lot the BTC value... New Allegations Against Tether, Bitfinex on Thursday https://www.bloomberg.com/news/articles/2019-04-25/bitfinex-operator-accused-by-new-york-of-850-million-coverup via @technology

Even if the market head back to $3800, it may really not take more than same 2 weeks for it to rise back, because FOMO will definitely play out, especially the people that have always wanted the price back to $3800 for them to buy and it seems we have many people interested in this value.

Everyone will tend to want to invest at that value and enough money will be pumped into the marketcap of Bitcoin that might make it grow higher than the current marketcap, if FOMO then starts, I really don’t see anything stopping it, which might make us witness the value of $10k before September.

It could take months... Bitcoin isn't able to recover at the same level it was 2-3 years back. Especially with the Bitfinex/Tether news it will create big damage to Bitcoin for a long time, believe it. We will have to wait maybe 2 years before people consider investing in Bitcoin again. Not even talking about how media will bash bitcoin.

[guoyu78]

Your analysis is okay, but your TA might end up creating the dump we do not hope for, because you are indirectly warning everyone, both new ones and existing ones to stay clear of investing now, if they stay clear of investing, that is exactly what will cause the price to further dump.

You have only backed your claim up with technical analysis, where did you put your fundamental analysis, because to me, I have not seen or heard of the fundamental that could lead to the drop in price of BTC other than this negative news yours. Well, thank you, we will be careful with our investments henceforth.

[mindrust]

...fundamental analysis...

Fundamentally, everything looks great. LN is getting upgrades constantly, the adoption is growing, the halving is near.

BAKKT is a bit late but I believe that's because they still couldn't fill their bags with enough cheap coins. ETF and BAKKT will arrive before the next boom so they can dump at the top just like the rest of us.

I mean who wouldn't want to dump at the top right? If you say "Me" you are a moron. These big institutions are playing the same game as you. (Buy low, sell high)

There are some good news, and some late good news. In this picture, the only bad news is bitfinex and tether. If finex goes down and you get caught while you have any coins/FIAT on any exchange, you are at risk.

You are still at risk if you own your private keys but the effect of finex will be limited on you. $2k/btc vs $0/btc

Overall, it looks great for the long term. In a few months we can try $4.5k and maybe below but it'll only be short term opportunity to buy more cheap coins. If tether goes down and btc hits $2k? Again, another short term spike.

Just don't play with many coins on exchanges and you'll end up being fine in a year or two.

[sopanbmp]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

[Pursuer]

you can't just draw some random lines on the charts and then say it is an "analysis" telling you a certain price is going to happen with such confidence that you have right now!

the fact is, even the charts are showing clearly that we are on the rise and every other technical and fundamental analysis is also showing a rise. so your conclusion is the weirdest thing in this board at this moment.
the only possible way for price to drop is if something really negative and huge happens to bitcoin and that is not something you can see on the charts because it is categorized under the "unexpected" things in the market. so again your topic doesn't make any sense at all.

[buwaytress]

You know, I find it strange too that we have to be ultra on one side or other. It's like, I clearly see myself as a bull, long-term, the unexpected ATH in 2017/18 didn't change that, and the (fully expected, by the way) correction since then has been all but possible scenarios on the way to what we believe is the eventual end point (Bitcoin becoming recognised, used and a benchmark for what tomorrow's money is all about, and with a nice value attached to it too!).

So I'm inclined to believe you're right, and I still even can't ignore the volumes at which every new 2019 high has happened hasn't been at all something to be inspired by. I wouldn't be surprised if your monthly scenario happens. Why would I be? Why should any bull be? It's all how it's supposed to play out =)

[onrise]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Market is on a bullish trend and we have seen how it has rose form lows of 3500$ to 5400$ and is getting a bit stable in this price zone. So bearish trend does not seems to come in this spot at present and also we can see we have many buyers entering at this zone as well.

[shesheboy]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Market is on a bullish trend and we have seen how it has rose form lows of 3500$ to 5400$ and is getting a bit stable in this price zone. So bearish trend does not seems to come in this spot at present and also we can see we have many buyers entering at this zone as well.

Every person has a different definition of bear and bull because there is no official price point for the bear and bulls  . for you maybe the current price of bitcoin is already a bull but for me no i wouldnt agree that it was a bull   .

 for me i think the increase that we saw is only a small recovery   .

 for me the real bull is when bitcoin touches to 10k and above    but bears arent also over  .  we can still experience a bear after a price recovery and we can also experience a recovery or a bull after the bear   .

[joshy23]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Market is on a bullish trend and we have seen how it has rose form lows of 3500$ to 5400$ and is getting a bit stable in this price zone. So bearish trend does not seems to come in this spot at present and also we can see we have many buyers entering at this zone as well.

We have that trend right now and the situation seems to favor those who able to bought while the bear really bring down the price, enjoying how
the potential that this industry will bring, different opinions will be taken for granted as having your own analysis will help you to decide whether
to what position to go and how it will bring good outcome to your money.

[freedomgo]

You will be wrong this time. 
BTC ain't touching below $4,000 anymore..

We are going to break major resistance and soon we will leave the $5,000 for a new high in the month to come.

[justspare]

$3800 is indeed in the realm of possibilities. To be honest, I am also waiting for that price point before I buy some serious stacks. It is not a certain thing but I'd say the possibilites for it to happen is higher than %50. Maybe not exactly $3800 but $3920 or $4100 for example.

I would start filling up my bags as soon as it falls below $4500.

It is better we don’t raise people’s hope because this value being speculated is really going to get so much investors, so it is not a bad news that Bitcoin falls to $3800, this value will open door for the market of bull run because it will be a very good way for more investors to buy this price in large amount, I am sure people that are even already with coins will still buy more of it.

Large institutions are the ones that will invest the most at this value and this is what we really need during this time, because massive investments by these large institutions will cause a very big spike in the price of Bitcoin marketcap and the general market cap of altcoins too.

[Reid]

It had been dumped.
It had been slowed down for the value to increase.

We should be seeing the same when it comes to decreasing. That should be the right market and not something where it jumps up and down with large amount of money.
Actually I am more happy now for this slow increasing value of bitcoin.
I dont think there will be a large dump like what happened in 2015.
We are getting larger now. It is not the same number of supporters like before.

[mikeywith]

You will be wrong this time. 
BTC ain't touching below $4,000 anymore..

We are going to break major resistance and soon we will leave the $5,000 for a new high in the month to come.

lol so you are saying that BTC can go to as low as 4,000$ but not to 3,800$ - so your problem is only that bit of 200$ drop ?  200$ up or down in BTC is NOTHING , not even 500$ , these numbers can happen in a second , they do happen all the time, so i can't sense the logic when someone says it can go to $4000 but sure not to $3800, that is just crazy ! 

[EastSound]

you can't just draw some random lines on the charts and then say it is an "analysis" telling you a certain price is going to happen with such confidence that you have right now!

the fact is, even the charts are showing clearly that we are on the rise and every other technical and fundamental analysis is also showing a rise. so your conclusion is the weirdest thing in this board at this moment.
the only possible way for price to drop is if something really negative and huge happens to bitcoin and that is not something you can see on the charts because it is categorized under the "unexpected" things in the market. so again your topic doesn't make any sense at all.

I agree, besides Tom Lee gave good 7 reasons for a possible increase of value and even rumours that Disney is ready to spend billions of $. Big companies are ready to pour in millions of dollar to get involved in crypto

[udidrone]

You will be wrong this time. 
BTC ain't touching below $4,000 anymore..

We are going to break major resistance and soon we will leave the $5,000 for a new high in the month to come.

lol so you are saying that BTC can go to as low as 4,000$ but not to 3,800$ - so your problem is only that bit of 200$ drop ?  200$ up or down in BTC is NOTHING , not even 500$ , these numbers can happen in a second , they do happen all the time, so i can't sense the logic when someone says it can go to $4000 but sure not to $3800, that is just crazy ! 

It is funny actually. But maybe people in here not want BTC price down again so they make limit where bitcoin price bottom. Actually $200 up and down wouldn't really affect on graph on bitcoin price because it is only a little percent. 

[crzy]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Yes daily trader loves the volatility, they make money on this especially if they are able to ride with it. The market might not be good in terms of the price right now but I think, we will not fall below $4k again. Don't spread the FUD, let's keep on thinking positive and bitcoin will go up. The incoming dump is not that much, I expect a more pump this month of May.

[Distinctin]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Yes daily trader loves the volatility, they make money on this especially if they are able to ride with it. The market might not be good in terms of the price right now but I think, we will not fall below $4k again. Don't spread the FUD, let's keep on thinking positive and bitcoin will go up. The incoming dump is not that much, I expect a more pump this month of May.

Price going down again might be bad for the growth of this year, but we can still trust that bitcoin will rise again.
I would buy if it will dump again, bitcoin fundamental is good, so it will not bother me if it will dump anymore.
The history will repeat itself, every time it dump, it will always bounce back hard and we will certainly enjoy the price when it bounce back.

[--DarkSecrets--]

i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.

Yes daily trader loves the volatility, they make money on this especially if they are able to ride with it. The market might not be good in terms of the price right now but I think, we will not fall below $4k again. Don't spread the FUD, let's keep on thinking positive and bitcoin will go up. The incoming dump is not that much, I expect a more pump this month of May.

Honestly i don't see anything reliable to the OP's chart image. Well i do some chartings and anything can change ma, sma and other indicators is lagging it can change its direction from point A to point B. I am looking at 4700 support which may be the drop and not that $3800 after this past month bitcoin run.