BITCOINS 5th signal

[fiulpro]

I read somewhere that Bitcoins according to trading investors generally gives off parabolic signals which marks increase before the actual event.
Right now if we go according to them, it have just given a parabolic signal for increasing tremendously for a 5th time now , no one knows how high it will plunge, but it will be followed by a huge sell off in the market ( offcourse since many are here for short term gains ) thus the price may then plummet to where we all started from , what do you think ?
Will it go that low, after the price surge ?
Please share your views.

[rijaljun]

I don't think so, even it's possible. Please take a look from fundamental side, Bitcoin will have its block reward halving in next year and it can be a sign that Bitcoin price will grow more, perhaps it can surpass all-time high and create a new one. Do you think Bitcoin price will dump so hard while it will have a big event? It is possible too, but take a look of historical data somewhere, what happened when Bitcoin had this halving event, the price was increase significantly and dump never happen at that event.

It's normal to see Bitcoin has price correction side way, but it's just for a while. Long-term investors don't really need to be afraid of FUD, there will be a time when everything goes up and make sure you are not the one who are too late to join its flight.

[pushups44]

I read somewhere that Bitcoins according to trading investors generally gives off parabolic signals which marks increase before the actual event.
Right now if we go according to them, it have just given a parabolic signal for increasing tremendously for a 5th time now , no one knows how high it will plunge, but it will be followed by a huge sell off in the market ( offcourse since many are here for short term gains ) thus the price may then plummet to where we all started from , what do you think ?
Will it go that low, after the price surge ?
Please share your views.

The consensus is that we have just entered a bull market and are in an accumulation phase. Traditionally bitcoin rises sharply before and after the halving, so the market is very bullish right now. After the parabolic rise, we are bound to crash, but we will not reach the lows reached previously, most likely.

[Muzika]

One thing I can see with this, the possibility that the price will pump is high but the holders will sell their coin immediately once the price reaches the 10k mark, I read about it that their target selling price is 10k so it will be hard for bitcoin to direct towards the bull run because it will be pulled by the holders.

[Red-Apple]

we may have had a similar price rise and fall once before but you can't rely on that to be repeated the exact same way. but if it is repeated then you can expect it to be like this: an initial price rise which takes some month followed by a bigger rise where price shoots up and finally the bubble somewhere around $100k and then bubble burst down to $50k.

[BrewMaster]

no one knows how high it will plunge, but it will be followed by a huge sell off in the market

no, you can't say that for sure. just the same way you can't tell ow high it will go you can't predict whether the "correction" after it is going to be "huge" or not.

( offcourse since many are here for short term gains ) thus the price may then plummet to where we all started from , what do you think ?

no it won't because that would need bitcoin to be a pump and dump coin which bitcoin clearly is not. and as you can see even though some of the drops in the past like 2017 were huge but the final result was still way higher than where be started from.

[davis196]

I read somewhere that Bitcoins according to trading investors generally gives off parabolic signals which marks increase before the actual event.
Right now if we go according to them, it have just given a parabolic signal for increasing tremendously for a 5th time now , no one knows how high it will plunge, but it will be followed by a huge sell off in the market ( offcourse since many are here for short term gains ) thus the price may then plummet to where we all started from , what do you think ?
Will it go that low, after the price surge ?
Please share your views.

Can you share with us the source of that info?Some article?
If it was so easy to predict the bitcoin price behaviour(using those "parabolic signals")every trader would make a lot of money pretty easy.In reality,it's not that easy to predict the short term bitcoin price patterns.

[Linkkoin]

Well, we expected that BTC will struggle for some time close to $8000 levels. Same is likely to be once we get to $10000 level. We are speaking about psychological barriers and fear/greed factor before the hype train is going to departure.

[pawanjain]

Bitcoin doesn't follow a specific pattern. If it were to follow a specific pattern then many would know it and then would sell at the exact high price and then buy at the bottom.
If everybody would do this then it would simultaneously change that pattern by itself. So patterns and predictions are something that bitcoin doesn't follow.

[The Cryptovator]

I am not getting your point about bitcoin 5^th signal. To be honest we are meeting with few new words when bitcoin start up trend rally. Whatever saying your technical analysis all of them are depending on new investors. Its like a rotation, investors following technical analysis, chart etc etc. But mainly chart is created by investors/traders, bitcoin just following the trend and that's why I believe on trend much than technical analysis.

[Anonylz]

At this very point, i doubt anyone can specifically tell the direction which btc price will go judging from the predictions some experts have made previously and the direction the price has taken, lots of people expected btc to correct down to $6500 after that sudden run, but still haven't done that, who knows if it will even touch $6500 or below, still waiting to see what will happen.

[exstasie]

I read somewhere that Bitcoins according to trading investors generally gives off parabolic signals which marks increase before the actual event.
Right now if we go according to them, it have just given a parabolic signal for increasing tremendously for a 5th time now

A parabolic signal? No, I don't think we've seen that yet. I don't think we're even close to that stage of the market cycle. We're probably still many months or years away.

A good analogy for where we are might be October-November 2015. We've exited the bear market and trapped bears in the long term bottom range. But it'll probably take many months of consolidating and slowly grinding upwards before we go vertical like in 2017.

As for the next selloff.......it's anyone's guess at this point. I would say to be prepared for a 30-45% pullback in value. A pullback from $10K to the $6K area would match the 2015 chart almost exactly.

[fiulpro]

I read somewhere that Bitcoins according to trading investors generally gives off parabolic signals which marks increase before the actual event.
Right now if we go according to them, it have just given a parabolic signal for increasing tremendously for a 5th time now

A parabolic signal? No, I don't think we've seen that yet. I don't think we're even close to that stage of the market cycle. We're probably still many months or years away.

A good analogy for where we are might be October-November 2015. We've exited the bear market and trapped bears in the long term bottom range. But it'll probably take many months of consolidating and slowly grinding upwards before we go vertical like in 2017.

As for the next selloff.......it's anyone's guess at this point. I would say to be prepared for a 30-45% pullback in value. A pullback from $10K to the $6K area would match the 2015 chart almost exactly.

Aren't we already on a minor pull back ?
What I think is it's right time to buy Bitcoins and save them , because soon enough the bull ride is going to go again .

Yes it's going slowly but at the same time this slow change isn't bad at all , on the opposite hand it's proving to be tremendously dominant over the low price fall off in the past that always happens when it suddenly increases.

I think slow growth is proving to be better than a can of coke , you shake it hard and all the frizz comes out but again dies down fast , it's better like a tea , takes time to boil but at the same time it will take time to cool... More than the frizz for sure.

[playboy654]

At this very point, i doubt anyone can specifically tell the direction which btc price will go judging from the predictions some experts have made previously and the direction the price has taken, lots of people expected btc to correct down to $6500 after that sudden run, but still haven't done that, who knows if it will even touch $6500 or below, still waiting to see what will happen.

No more price fall below $7000 again as per some predictions and that followed by the bitcoin as well for a while.After the bull run started we may not see the price fall too much or too often so the signal might be predicted too early which are supposed to happen lately.

[exstasie]

A parabolic signal? No, I don't think we've seen that yet. I don't think we're even close to that stage of the market cycle. We're probably still many months or years away.

A good analogy for where we are might be October-November 2015. We've exited the bear market and trapped bears in the long term bottom range. But it'll probably take many months of consolidating and slowly grinding upwards before we go vertical like in 2017.

As for the next selloff.......it's anyone's guess at this point. I would say to be prepared for a 30-45% pullback in value. A pullback from $10K to the $6K area would match the 2015 chart almost exactly.

Aren't we already on a minor pull back ?

A minor one, yes. This was only a 20% decline. I believe this is only a shorter term pullback before another wave higher towards the $10K area.

The major pullback is probably still coming.....later. I think a blow-off top similar to November 2015 followed by a few months of ranging is pretty likely.

[harizen]

~snipped~

Their speculations can be used as reference but overall, it's still a "speculation".

Rather than be a concern on what will happen next, try to analyze a strategy that will adapt any scenarios that might happen. A strategy that might become an advantage whether the price will increase or decrease the next day.

There are lots of failed strong and well-detailed analyzation last year so I'm not really buying into someone's speculation today no matter how professional they are. Instead, I need to focus on things that I might use whatever scenario will happen.

[UnDerDoG81]

One thing I can see with this, the possibility that the price will pump is high but the holders will sell their coin immediately once the price reaches the 10k mark, I read about it that their target selling price is 10k so it will be hard for bitcoin to direct towards the bull run because it will be pulled by the holders.

Not sure wich hodlers you mean but I hodl since 2013/14, never sodl and wont sell until minimum of 50k.

[Ailmand]

It could possibly reach $10k but I'm sure that there will always be a pullback since some holders would sell their coins. After a pullback would be another correction which could lead to a higher increase. Nothing is impossible and we should not underestimate Bitcoin. It will always surprise us.

[fabiorem]

I doubt that many are on it for short term, right now. I believe people are buying and taking it out of the exchanges, thus decreasing the supply available. When the halving kicks in, then people might start selling, but this is one year from now.

[exstasie]

I doubt that many are on it for short term, right now. I believe people are buying and taking it out of the exchanges, thus decreasing the supply available. When the halving kicks in, then people might start selling, but this is one year from now.

If it's anything like the 2016 halving, we'll see a run-up into the event and a big correction afterwards. The June-August 2016 correction was a 40% pullback, though that one may have been intensified by the Bitfinex hack.

Like 2016, I would expect the decline to be retraced relatively quickly (within a few months). Looking back, it'll be just another pit stop.