Bitcoin is going for a Big correction

[MegaAnalysis]

Dear investors,

I have been analyzing bitcoin price during past five and a half years and I can spot patterns and price trends (both upward and downward trends), before they start, with much accuracy. I used to own more than 50 Bitcoins at one time.

I can tell you with full confidence that bitcoin (and other major cryptocurrencies) will be some of the best-performing assets in the world for some years to come.

Now I can tell you with full confidence that a medium term price CRASH is coming and this will be spread over several days (possibly weeks) to come!

I have used more than one analytical methodologies that have been proven accurate  and correct in past and all of my technicals and fundamentals are screeming very loudly that CURRENT PRICE LEVEL OF $9400+ IS THE MEDIUM TERM TOP OF THE CURRENT RALLY which has been taking the price upwards since December 2018.

I can tell you with full confidence that right now the Bitcoin is in a hugely overbought condition (for the medium term).

My analysis clearly tell me that this upcoming downward trend will most likely start someday during the current week, the week which has started today, on Monday June 17, 2019 or during the next week and this downward trend will be spread over many days (possibly weeks) to come. Before this downtrend begins, there can be some upward price movements which should be taken as opportunities to sell at a higher profit.

So I would advice the investors to sell your cryptocurrency holdings at price jumps during this week, while you can. Do the profit taking now and then wait for the next bottom.

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The good news is that my Analytical techniques will also tell me when the next bottom will be near. So those of you who would like to benefit from my consultancy to find the bottom at that time will be more than welcomed.

Mark this post (and my words) for future reference. The future is not very far!
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[LeGaulois]

A correction wouldn't surprise me honestly. it's even something I've considered, ofc, as have others. The question is to know up to what level. If it's a 10% correction no problem, I could accept even two. But if it's a 50% correction, I don't know. After all, two months ago it was $4,000.
Anything over 50% I will just be  

(I bet the price will go below $9.000 this week).

[milewilda]

A correction wouldn't surprise me honestly. it's even something I've considered, ofc, as have others. The question is to know up to what level. If it's a 10% correction no problem, I could accept even two. But if it's a 50% correction, I don't know. After all, two months ago it was $4,000.
Anything over 50% I will just be  

(I bet the price will go below $9.000 this week).

10-20% Price decrease or corrections are just typical ordinary days of Bitcoin price movement but for 50% then its an another story.
Big correction do always lies ahead and no one would know or do have the idea on whats the precise days/months it would happen.
If you are on this crypto market then always expect for such thing and always prepare yourself in unexpected things.

[BitHodler]

I can tell you with full confidence that the price will either go up or down in the coming days....

I always found it quite fascinating how people can be so confident in their predictions, yet don't actually long or short to put their money where their mouth is. If OP did, then please show a screenshot of your open positions.

I personally don't expect anything from the market anymore because it doesn't seem to respect the technicals anymore. I'll keep hodling and see where we will top out and finally have that correction we can use to buy back.

[MegaAnalysis]

Thanks for your posts fellow investors. I'll try to reply to each post individually.

[rdluffy]

You just said BTC is going for a correction, but explain yourself
Every person have their predictions, but you have to show your formula and explain, otherwise is just words...

I believe in a correction when BTC hits 10k, but not a big one like you´re saying

[MegaAnalysis]

A correction wouldn't surprise me honestly. it's even something I've considered, ofc, as have others. The question is to know up to what level. If it's a 10% correction no problem, I could accept even two. But if it's a 50% correction, I don't know. After all, two months ago it was $4,000.
Anything over 50% I will just be  

(I bet the price will go below $9.000 this week).

I honestly believe that this correction will be significantly larger than 20% and be spread over several days, at the least. At this time, I do not know it's precise size or in how many days or weeks it will end. However, a combination of my chart technicals and fundamentals will tell me when this correction will be close to it's bottom (just like I have discovered that we are near the top right now - this will be proven in coming days).

I can then buy back near the bottom.

The good news is that Bitcoin will (obviously) re-continue it's upward journey after that correction.

[marcbitcoins]

I have already heard this kind of prediction before and confirmed it an FUD in the end. No one can predict the future of Bitcoin market as no one can predict the future decisions of every user but if there is really an incoming correction then it will be an opportunity to buy more cheaper Bitcoin.

[MegaAnalysis]

I can tell you with full confidence that the price will either go up or down in the coming days....

I always found it quite fascinating how people can be so confident in their predictions, yet don't actually long or short to put their money where their mouth is. If OP did, then please show a screenshot of your open positions.

I personally don't expect anything from the market anymore because it doesn't seem to respect the technicals anymore. I'll keep hodling and see where we will top out and finally have that correction we can use to buy back.

I have taken the screenshot, but struggling to attach it to this post can anyone assist me hiw to do that?

[MegaAnalysis]

You just said BTC is going for a correction, but explain yourself
Every person have their predictions, but you have to show your formula and explain, otherwise is just words...

I believe in a correction when BTC hits 10k, but not a big one like you´re saying

That's my proprietry analysis and formulae, therefore sorry, can't reveal that. Only time will prove and it's a short time. I agree that Bitcoin may touch the neighborhood of $10k, before the correction, but I am not sure. So I have already sold my holdings to buy back in future at tge bottom.

[Bitcoinwaist]

big correction UP
i think price goes over $10k in the next week. bitcoin can pump 10% in a day and we are at $9300.

[MegaAnalysis]

I have already heard this kind of prediction before and confirmed it an FUD in the end. No one can predict the future of Bitcoin market as no one can predict the future decisions of every user but if there is really an incoming correction then it will be an opportunity to buy more cheaper Bitcoin.

You are absolutely right. I have had the same experience with other people's predictions turning out to be FUD.

However,  I know that mine is correct and genuine. We will all know in a short period of time.

[MegaAnalysis]

A correction wouldn't surprise me honestly. it's even something I've considered, ofc, as have others. The question is to know up to what level. If it's a 10% correction no problem, I could accept even two. But if it's a 50% correction, I don't know. After all, two months ago it was $4,000.
Anything over 50% I will just be  

(I bet the price will go below $9.000 this week).

10-20% Price decrease or corrections are just typical ordinary days of Bitcoin price movement but for 50% then its an another story.
Big correction do always lies ahead and no one would know or do have the idea on whats the precise days/months it would happen.
If you are on this crypto market then always expect for such thing and always prepare yourself in unexpected things.

Exactly, if it turns out to be a 50% then it would be massive, but I don't know it's exact scale. The good news is that this correction will be distributed over several days, so even bulls who don't sell now should be able to exit before it would be too late.

[thecodebear]

I doubt it. Bitcoin literally just came out of a correction a few days ago. Not likely to have another one until it pushes higher. Like if it fails to breach $10k I could see it dropping back to high 8000s, or maybe it breaks $10k, goes to $11k maybe, then drops back to 9000s with perhaps a brief dip to 8000s. A deep correction from this point doesn't really make any sense as the market has consolidated in the high 7000s during the correction that just took place. I'd say a very low chance of ever seeing anything under 8000 again.

[Shinpako09]

Seriously huh? We just got out of correction few days ago and you're saying there is correction again? Of course there is but it will take time again maybe after we reached $10k to $12k. Correction again after we got out and push above $9000 seems no reason to happen. That's kinda low gain from fall to have another correction again.

[nc50lc]

I have taken the screenshot, but struggling to attach it to this post can anyone assist me hiw to do that?

You need to at least become a Jr Member to be able to attach screenshots/images to posts.

Just try to enclose them inside [img][/img] tag now and it will be posted as links.
The images will be displayed after ranking up (30 activity & 1 merit); or buy a copper membership to lift your newbie restrictions.
On topic FYI, correction are always expected after a price surge, care to be more specific and detailed?

[Tylev]

It is likely that Bitcoin may go on a 20 percent correction the other day. He once again showed good growth, can reach a price of up to $ 9,500, maybe even a little more, and again he will go for a correction. Given the degree of his growth, the correction may be more than usual. Only after this bitcoin will be able to overcome the price of ten thousand dollars. Therefore, I generally agree with the forecasts.

[pooya87]

first of all you can't keep talking about "analysis" and synonyms of it without actually including them here! i think everyone would love to see your "methodologies".
secondly you are putting too much faith in some supposed analysis that anybody who has ever actually analyzed bitcoin market knows won't work.

and finally we are not in a place for any kind of crash as you are expecting here. there is just no reason for it and whether you do technical analysis or fundamental analysis you could figure that out easily too. there are corrections just like there are in any healthy market and we just had one this past week with the fall down to $7k levels. you can't expect another correction every day and back to back!

[Lauda]

I can tell you with full confidence that right now the Bitcoin is in a hugely overbought condition (for the medium term).

I can tell you with full confidence that you're a lying idiot with malicious intent. You sold when you shouldn't have, now you have to cope with reality by creating delusional predictions. Bitcoin is severely undervalued and underbought.
To the rest: We have corrected several times in this mini-run. Are you blind?

[slaman29]

Dear OP, nice to hear that you have had a lot of accuracy with your readings, but do you mind telling us why you didn't have an account here already? Why did you choose right now to make a grand entrance, after 5 long years with a lot of success? Where is the proof of your 50 BTC? Sign an address and we know you're not taking a dump on us;)