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.

***************************************
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;)

[Lauda]

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;)

He's a random pajeet that has no idea what he's talking about. If he ends up being correct, it's going to be due to sheer luck like most TA conmen.

You sold when you shouldn't have, now you have to cope with reality by creating delusional predictions.

This is the reason why, or he's trying to short right now. Either way, both reasons are dishonest and malicious.

[figmentofmyass]

it's amazing---the head and shoulders calls fail and immediately the bears start calling for a double top!

too many people are bearish for the price to crash. everyone seems to think they can buy back lower. meanwhile, shorts have skyrocketed since the $7500 bottom. i think people like the OP are getting bear trapped and are gonna end up fomo'ing back in above $10k.

I used to own more than 50 Bitcoins at one time.

used to. that's what being too bearish gets ya. how many can you buy now?

[MegaAnalysis]

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?

Thanks for information about attaching images in the forum.

IMHO, Price will first go up, maybe touch or exceed $10000 (or even 11000) and then the Big correction which will be spread over many days will begin. The current fall of a few hundred dollars from 9450 to 9050 in last 10 hours DOES NOT LOOK LIKE THE BEGINNING OF THE NEXT CORRECTION TO ME.  PRICE SHOULD FIRST SURGE-UP AND THEN CORRECTION SHOULD BEGIN. This ongoing dip close to $9000 looks like a short term BUY OPPORTUNITY to me. DON'T PANIC GUYS. IT MAY EVEN DIP BELOW $9000, BUT IT WILL BE JUST A DIP.

[adaseb]

Well eventually somebody will be correct at picking the top, even if its a local top and not a final top. However many people assumed that $4200 would be the top which it was the weekly high, it wasn't.

Then they assumed $6000 would be the top since it was strong support turned into strong resistance. It wasn't either.

So now people are assuming that $10000 will be the top because its a psychological number and was the top in May 2018. So we will see what happens but most likely $10K will get broken and head higher.

[MegaAnalysis]

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;)

Thanks for your questions. Look deeply into my profile and research. You will get answers to many of your questions.

[MegaAnalysis]

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;)

He's a random pajeet that has no idea what he's talking about. If he ends up being correct, it's going to be due to sheer luck like most TA conmen.

You sold when you shouldn't have, now you have to cope with reality by creating delusional predictions.

This is the reason why, or he's trying to short right now. Either way, both reasons are dishonest and malicious.

You are wrong. I am not just predicting a crash, I am predicting a chain of events as follows:

1)Bitcoin will first surge up, likely in neighborhood of 10000 level.
2) Then a correction of MORE THAN 20% in size will begin.
3) This correction will be spread over several days or even weeks to come.

Mind you, it takes more than a random guess to get all the chain of events right.

[Lauda]

Mind you, it takes more than a random guess to get all the chain of events right.

Wrong. Any idiot can occasionally be right after a million predictions. Either it goes up and continues going up or it goes up and reverts back down. You have a 50% chance to be right on this if you only believe that it will first go up.

[exstasie]

IMHO, Price will first go up, maybe touch or exceed $10000 (or even 11000) and then the Big correction which will be spread over many days will begin. The current fall of a few hundred dollars from 9450 to 9050 in last 10 hours DOES NOT LOOK LIKE THE BEGINNING OF THE NEXT CORRECTION TO ME.  PRICE SHOULD FIRST SURGE-UP AND THEN CORRECTION SHOULD BEGIN. This ongoing dip close to $9000 looks like a short term BUY OPPORTUNITY to me. DON'T PANIC GUYS. IT MAY EVEN DIP BELOW $9000, BUT IT WILL BE JUST A DIP.

Alright, now you're speaking my language. This dip off $9,400 doesn't look like the end to me either. To me, it looks like another round of early bears trapping themselves below $10K. I think we're still gearing up for one huge FOMO leg. My eyes are on the monthly pivot level around $11,500. I could definitely see a multi-month correction happening after a blow-off top like that.

[MegaAnalysis]

Mind you, it takes more than a random guess to get all the chain of events right.

Wrong. Any idiot can occasionally be right after a million predictions. Either it goes up and continues going up or it goes up and reverts back down. You have a 50% chance to be right on this if you only believe that it will first go up.

https://i.imgur.com/n8sUWAE.jpg

Where did you see my remaining 99999 predictions? Those who understand probability and mathematics will know that mathematical probability of all the chain of events coming true and by the end of next week are far lower than your dumb assessment. Random probability of this happening is not even 0.1%.

Any arrogant idiot can post rubbish in a genuine thread and claim to it to be fake without a reasonable argument. I don't have to argue with you any further.

Nonetheless, I do profoundly respect those who have been suspecting me based on their educated logic. Afterall, it's a brand new profile
and people have every right to suspect it.

[MegaAnalysis]

it's amazing---the head and shoulders calls fail and immediately the bears start calling for a double top!

too many people are bearish for the price to crash. everyone seems to think they can buy back lower. meanwhile, shorts have skyrocketed since the $7500 bottom. i think people like the OP are getting bear trapped and are gonna end up fomo'ing back in above $10k.

I used to own more than 50 Bitcoins at one time.

used to. that's what being too bearish gets ya. how many can you buy now?

Agreed. One should not be too bearish all the time.

[Juggy777]

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.

***************************************
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!
***************************************

@MegaAnalysis if you’re so confident on your analysis how come you haven’t been rich till date, or famous as the man who was always spot on about Bitcoin price analysis everytime he made a prediction?. I don’t mean to be rude but I am not convinced about your analysis, as you have not posted concrete evidence to back it up. Also what is the proof of you holding 50 bitcoins, again you have not shared any images to back up your claim.

[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.

***************************************
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!
***************************************

@MegaAnalysis if you’re so confident on your analysis how come you haven’t been rich till date, or famous as the man who was always spot on about Bitcoin price analysis everytime he made a prediction?. I don’t mean to be rude but I am not convinced about your analysis, as you have not posted concrete evidence to back it up. Also what is the proof of you holding 50 bitcoins, again you have not shared any images to back up your claim.

Thanks for your questions which are very valid indeed. I'll try to answer:

1) I am not famous because I have started making my predictions public just now. I discovered these methods back in 2018 and based on those, I bought near $3250 (actually bought LTC around $26). I can post a screenshot some day. My new profile does not yet have the privilege to post images.

2) one of my bitcoin addresses that used to have 30+ BTC is mentioned in my profile. You can check on the blockchain.  I can transact and/or message from that address someday as a proof.

 I am quite lazy. Sorry.

[Vaskiy]

Price correction were common with bitcoin, and this has taken place several times. Users quite often come with some form of analysis that doesn't have any connection to the market reality. Even the experts find it hard to predict which is the corrective factor and what form of market scenario is prevailing. These days users were also much aware about the price corrections.

[Pursuer]

too many people are bearish for the price to crash

I disagree. if too many people were bearish then the price would have fallen already. people say they are bearish and wish for the price to fall but they do NOT sell. bearish people sell. don't look at shorts, they are mostly from newbies who are gambling in the market not traders. and gamblers are always making lots of bets like this and they don't affect the market. the only ones that affect the market are those participating in it with their sales and buys not bets.

[fabiorem]

Bitcoin fell $1500 in a matter of hours, from 9k to 7.5k, once more proving the market is manipulated by few actors, and adoption will be hard due to it.

If we have another correction like that, it will just prove, one more time, the need to control the exchanges.

Recently I read a discussion in reddit about suppressing Satoshi's wallet. Its a constant source of FUD, we know, but it is his private property, so Im against such kind of action, it would undermine the trust people have in bitcoin. There are other whales with similar quantities, should we suppress their wallets too? Of course not, its their private property, and its their right if they want to sell it or not.

Instead, I propose to control the exchanges through some kind of private comitee, because if someone want to sell too many bitcoins, theres the OTC market for that. You can cry me a river about freedom and liberty for corporate interests, I dont give a fuck.

If the exchanges have limits for dumping in a extended period of time, any kind of FUD would have less impact and more people would buy bitcoin. Institutional investors would flow in, without needing the dinossaurs from governments taking measures for them. And no, this would not be a two-way control, only on the way down, because bitcoin is not a ordinary asset, it was meant to be a reserve currency in the first place, so it needs worldwide adoption. People only buy it because it increases value fast.

So, correction or not, TA will be useless against the capricious movements of a few individuals. The centralized exchanges are accomplices to that. Judging only by TA, I dont believe we will have a correction below 8k.

[rdluffy]

Bitcoin fell $1500 in a matter of hours, from 9k to 7.5k, once more proving the market is manipulated by few actors, and adoption will be hard due to it.

If we have another correction like that, it will just prove, one more time, the need to control the exchanges.

Recently I read a discussion in reddit about suppressing Satoshi's wallet. Its a constant source of FUD, we know, but it his private property, so Im against such kind of action, it would undermine the trust people have in bitcoin. There are other whales with similar quantities, should we suppress their wallets too? Of course not, its their private property, and its their right if they want to sell it or not.

Instead, I propose to control the exchanges through some kind of private comitee, because if someone want to sell too many bitcoins, theres the OTC market for that. You can cry me a river about freedom and liberty for corporate interests, I dont give a fuck.

If the exchanges have limits for dumping in a extended period of time, any kind of FUD would have less impact and more people would buy bitcoin. Institutional investors would flow in, without needing the dinossaurs from governments taking measures for them. And no, this would not be a two-way control, only on the way down, because bitcoin is not a ordinary asset, it was meant to be a reserve currency in the first place, so it needs worldwide adoption. People only buy it because it increases value fast.

So, correction or not, TA will be useless against the capricious movements of a few individuals. The centralized exchanges are accomplices to that. Judging only by TA, I dont believe we will have a correction below 8k.

Recently I read a discussion in reddit about suppressing Satoshi's wallet

This is the worst idea I've ever heard here, it doesn´t make any sense

You guys have to stop thinking about these things, whales will always be where money is, if they have a lot of money and want to dump BTC, what's the problem? It's not illegal

A simple trader is like a whale, they want to buy in the dip and sold at the peak, the only difference is the quantity

And remember, if a whale play alone, it's not risky, you will only have losses when you sell, so hold your coins instead of selling in a panic moment created by whales

[Lauda]

Recently I read a discussion in reddit about suppressing Satoshi's wallet

This is the worst idea I've ever heard here, it doesn´t make any sense

It's about protecting it from quantum computers, if needed. You don't understand any of this so you don't get to create any valuable opinions. There are very good reasons why it should be done and even more very good reasons why it shouldn't be done; therefore, to say that it "doesn't make any sense" is just being stupid. None of this has any relevance to the current price nor this thread.

Yawn. You are dishonest and malicious. Nobody should listen to baboons like yourself.

[MegaAnalysis]

Dear investors,

As mentioned earlier, please don't panic due to the recent dip in price from $9450 to 9050 as it's just a dip, rather it's a SHORT TERM BUY opportunity. Price has already recovered a bit from 9050 to around 9180 at the time of writing. It will go even higher. The upsurge is about to begin.

After the upsurge, the downtrend (which was mentioned in my original first post above) will start.

This is my opinion and everyone has the right to agree or disagree with it without being rude.

[rdluffy]

Recently I read a discussion in reddit about suppressing Satoshi's wallet

This is the worst idea I've ever heard here, it doesn´t make any sense

It's about protecting it from quantum computers, if needed. You don't understand any of this so you don't get to create any valuable opinions. There are very good reasons why it should be done and even more very good reasons why it shouldn't be done; therefore, to say that it "doesn't make any sense" is just being stupid. None of this has any relevance to the current price nor this thread.

Yawn. You are dishonest and malicious. Nobody should listen to baboons like yourself.

You don't understand any of this so you don't get to create any valuable opinions.

I just said basic stuff because this content is not relevant to this thread, if you want to debate about quantum computers you can create a thread and I'll be glad to contribute with my knowledge
Your post is very rude man, you don't need to presume my knowledge, instead it's better to write facts, if you want to learn something I'm here to teach you


About the OP, we are in a correction right now, I'll follow this topic, but I insist to you to post your formula, it's interesting to find new ways to think

[fabiorem]

You guys have to stop thinking about these things, whales will always be where money is, if they have a lot of money and want to dump BTC, what's the problem? It's not illegal

I read in 4chan that a woman had hanged herself after losing all her family savings during the last bear market. She left a husband and kids.

Just because its not illegal, doesnt mean its not immoral.

As Lauda pointed out, the proposal about Satoshi's wallet came because of quantum computing. IBM already built a quantum computer. And there is the risk Satoshi is really Paul Le Roux and its wallet is in the hands of the CIA. How much time until some three-letter organization decrypt it?

But, I dont believe the wallet should be locked, instead it would be better the centralized exchanges create some kind of a comitee to control the dumps. It would be self-regulatory. Some people will cry about "freedom", but your freedom ends where you starting stealing other people's money.

[omonuyak]

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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A well thoughtful write-up and I am empress by your analysis but when you said that your "analysis has proven accurate" and from my experience there is no any man or software that can predict this market accurately because the market always follows it own mind and when we think it is over that is when another pump began. I am positive about the market and it might go down a little but we are going to experience another upward movement that may cross $15,000.

[peter0425]

Price correction is inevitable. It's better to experienced this kind of 'healthy' dip along the way. 20%-30% dip is just but normal. People book their profits and then re-enter during reversals and I don't almost everyone is already aware of that. So for me, I just took it in stride and let the market operates itself, if the prices goes up then it's nice, but we should also take advantage of every dip to accumulate more BTC.

[1Referee]

Price correction is inevitable.

People started saying that the moment the price pumped from $4000 to $5000 in April.

If you follow the trend, the market does experience corrections where traders/investors are unloading their coins, it's just so that the bulls don't have much of a problem buying whatever sellers unload. As long as the demand is as strong as it is right now, I'm confident that we won't see the corrections people are waiting for.

The price will correct when the demand weakens and knowing Bitcoin, the correction will happen when people don't expect it. It will catch you by surprise, just like how the current bull run catched people by surprise.

[figmentofmyass]

too many people are bearish for the price to crash

I disagree. if too many people were bearish then the price would have fallen already.

bearish sentiment is just an indication that there are many sellers at this level. it doesn't mean supply is stronger than demand. if strong demand is absorbing all the selling in this range, then excess demand will push the price higher. this will "bear trap" all the sellers in this range.

this is why, counter-intuitively, bearish sentiment is often a bullish sign. it means lots of people have already sold. if the price moves higher, they will be pressured to buy back. this creates a bullish feedback loop where higher prices beget higher prices.

people say they are bearish and wish for the price to fall but they do NOT sell. bearish people sell.

it makes no sense to assume everyone is doing the opposite of what they say. when people express bearish sentiment, they are selling---at least some of the time. it's only rational to sell when you think the price is heading down.

don't look at shorts, they are mostly from newbies who are gambling in the market not traders. and gamblers are always making lots of bets like this and they don't affect the market. the only ones that affect the market are those participating in it with their sales and buys not bets.

that's not true. longs affect real supply and demand, especially where margin is allowed on spot exchanges. on kraken, bitfinex, etc margin traders are literally trading with spot traders. shorts are literally sells.

your argument applies somewhat to futures. however, post-settlement, physically delivered coins (eg on bitmex, deribit) end up on spot exchanges to some extent. this directly affects supply.

[pooya87]

Price correction is inevitable.

People started saying that the moment the price pumped from $4000 to $5000 in April.

If you follow the trend, the market does experience corrections where traders/investors are unloading their coins, it's just so that the bulls don't have much of a problem buying whatever sellers unload. As long as the demand is as strong as it is right now, I'm confident that we won't see the corrections people are waiting for.

The price will correct when the demand weakens and knowing Bitcoin, the correction will happen when people don't expect it. It will catch you by surprise, just like how the current bull run catched people by surprise.

all those people were right about corrections but the problem is not with expecting correction itself. that is normal and corrections do happen as we already know.
the problem is with the size of the so called "corrections" that some people expect! for example this topic: https://bitcointalk.org/index.php?topic=5149809.0 the starter was on point with the correction but was far off about the size of it. as i argued there such big  drops are "crashes" not corrections and they can't happen for no reason.

[exstasie]

Bitcoin fell $1500 in a matter of hours, from 9k to 7.5k, once more proving the market is manipulated by few actors, and adoption will be hard due to it.

If we have another correction like that, it will just prove, one more time, the need to control the exchanges.

It proves the market lacks liquidity, that's about it. Bitcoin has been dumping (and recovering) like this for a decade now. Adoption keeps growing and growing in spite of it. What makes you think otherwise?

[el kaka22]

I think the big correction already happened, there could be smaller ones in the future but we have hit the 9 thousand mark once again so I think the buyers are still bullish and the sellers are nowhere to be found so I think a "big" correction is not on the menu for now.

Yeah, a smaller one that drops like 2% - 5% range could happen and that is a lot in these prices but its also easy to recover as well, as long as it doesn't drop like 10%+ we are still fine to recover from it, those small ones never really scare anyone and create a wave of panic sales, only the big ones create that feeling. Of course, on the other side there is always a chance of someone selling a lot of bitcoin all of a sudden (like Craig once did) and if that happens than a big correction could happen for sure.

[BTCappu]

I  think what we are missing out with this new drop is the possibility of it not being a correction. There are talks about a 25k bitcoins all sold at the same time and we don't know how correct that is or how true that is but if that is the case than there is a chance the correction didn't even happen.

If we go back to above 9.8 thousand dollars and another correction happens but this time slower and far between trades making it go down hour by hour instead of all at once than we can actually prove that. I still think there is a big chance of a correction but not at these prices, I think people have seen that over 9 thousand dollars is possible and it happened just recently so they will wait until that price and than they may sell to take out a profit which will result with a correction.

[jademaxsuy]

I  think what we are missing out with this new drop is the possibility of it not being a correction. There are talks about a 25k bitcoins all sold at the same time and we don't know how correct that is or how true that is but if that is the case than there is a chance the correction didn't even happen.

If we go back to above 9.8 thousand dollars and another correction happens but this time slower and far between trades making it go down hour by hour instead of all at once than we can actually prove that. I still think there is a big chance of a correction but not at these prices, I think people have seen that over 9 thousand dollars is possible and it happened just recently so they will wait until that price and than they may sell to take out a profit which will result with a correction.

This is pretty difficult to do a correction over in a market price which is highly volatile. If so, then it will take almost every time to do for bitcoin has made daily transactions with huge volume. However, I do think that correction can be done in a time frame that will not hinder bitcoin operations over transactions to be made. Most probably if not mistaken it could done in a weekly basis or even monthly or quarterly. This is how I am thinking about bitcoin market price correction.

[Indrawan77]

Correction is a healthy market condition and the chart does show some sign that its going to fall down, but don't be too afraid because the transaction volume still at a good rate so although the correction is coming, the healing also will cone after that, so if you want to take a risk to take some profit the go ahead but the market could be unpredictable, so if you're not too sure just hold it

[blockchainwriters]

Even though bitcoin fundamentals are strong bitcoin is about to touch 10 thousand dollars as per technical analysis we may see 7000 dollars draw down correction

[Johnzky]

You are too confident huh?nice on this one mate

But for me?correction is always next from the bull run,and since we have already made a great pump for sure correction will happen but not that bad,maybe below $8,000 is enough to return pumping

[Barbut]

A correction was two years ago, from $20k to $3k. The correction will happen again when bitcoin goes over $100k and drop back to $30k. Everything before or after is just normal fluctuation in crypto market. Price change direction all the time, but people still act surprised when the price goes in eaither way. I don`t bother with that anymore, same like I don`t bother with newbies and so-called experts sharing their predictions, make your plan and don`t let anyone deconcentrate you.

[Oilacris]

A correction was two years ago, from $20k to $3k. The correction will happen again when bitcoin goes over $100k and drop back to $30k. Everything before or after is just normal fluctuation in crypto market. Price change direction all the time, but people still act surprised when the price goes in eaither way. I don`t bother with that anymore, same like I don`t bother with newbies and so-called experts sharing their predictions, make your plan and don`t let anyone deconcentrate you.

Just get rid of those kind of so-called experts into this market because it has nothing to do with your own trading analysis but rather a be a distraction.
No one on this market do have that kind of precise predictions and I agree on the fact that price correction is an inevitable for this kind of speculative market.

[MegaAnalysis]

A correction was two years ago, from $20k to $3k. The correction will happen again when bitcoin goes over $100k and drop back to $30k. Everything before or after is just normal fluctuation in crypto market. Price change direction all the time, but people still act surprised when the price goes in eaither way. I don`t bother with that anymore, same like I don`t bother with newbies and so-called experts sharing their predictions, make your plan and don`t let anyone deconcentrate you.

Just get rid of those kind of so-called experts into this market because it has nothing to do with your own trading analysis but rather a be a distraction.
No one on this market do have that kind of precise predictions and I agree on the fact that price correction is an inevitable for this kind of speculative market.

Yes, sure. If any if my predictions are proven wrong then no one should follow my trading advice ever. But what if I am right? Wouldn't it be a sheer bias not to accept my expertise then?

I am NOT insisting anyone to follow my trading advice.  It's everyone's own freedom of choice and financial decision. My advice is only for those who are interested in my advice and would note down my predictions now and then counter-verify those in next 2 weeks to see if I was right or wrong. It's as simple as that. I will lock this topic untill people are able to verify the correctness and authenticity of my Bitcoin price predictions. You see, it's just a matter of time.

For simplicity and ease of everyone who is taking my advice seriously,  here are my predictions for the Bitcoin price till the end of next week:


1) Bitcoin price right now is $9190. Right now is the time to buy Bitcoin for the short term. I have myself bought back around $9095 for this upcoming short-term rally. The price is going to rise up from here by at least 8% to 20%.This should happen in next 24 to 96 hours.    

2) After this upsurge, bitcoin will move into a downward trend which will be spread over several days to come and will be significantly larger than 20% (downward correction).

This is the outcome of my thorough technical and fundamental analysis.

Please note that uptill now, not a single prediction of mine in this forum has been proven wrong, rather 1 prediction has been proven correct as follows:
When price suddenly dropped from 9450 to 9050, I told my fellow investors in this same thread above that there is nothing to panic about even if price drops below 9000, because price will recover and that it was just a dip. I have been proven correct, as you can see, price did go all the way down to 8930 level and then recovered. It was just a dip, not a big correction.


Now please wait for my other two predictions to be proven correct, before giving any judgment about my analytical techniques. I know that even after I am proven right on my other two predictions mentioned above, some people will probably still say that it had happened by chance (a fluke). I have nothing against them.

Thank you for reading my posts. Those who are buying and holding right now between 9000 to 9200 are going to get very happy in coming days!!!

[MegaAnalysis]

Dear Investors,

As you can clearly observe, it's been less than 24 hours and the upsurge has already begun as current price is now around $9403, as I had forecasted yesterday in my last post.

Those of you who had bought Bitcoin on my advice yesterday between $9000 to $9200 level are already on profit. Keep your seat-belts fastened for more profits!

Please note that I use a very complex combination of technical and fundamental analysis and analytical methodologies to predict future Bitcoin price moves with such high accuracy. It has taken me many years to discover and master these techniques and I have been using these since 2018. Those of you who would like to be notified about my accurate future Bitcoin price predictions, please send me a personal message here in the forum and I can include you on my FREE Bitcoin price prediction notifications list. Please note that I can only include a limited number of investors on my list at this time.

For clarity: I am using Bitfinex BTC/USD as reference price in this thread, but prices at other major exchanges are also close to that of Bitfinex.

[MegaAnalysis]

As I had predicted earlier in this thread, the Bitcoin price has now jumped more than 8% above the $9190 level to around $9900 at this time. I am humbled to say that anither price prediction of nine has been proven 100% correct. Any Hedge fund managers, high net worth investors and investment institutions are welcomed to contact me through personal message in this forum if they would like benefit from my proprietry analytical methodologies to find out the ceiling price of this ongoing rally and the subsequent bottom of the upcoming crash, which will proceed once the ceiling of current rally is reached.

[MegaAnalysis]

Dear Investors,

The Bitcoin went all the way up to $11000+ and then fell back to $10260 area in last 24 hours. Right now it's trading in neighborhood of $10760.

According to my thorough calculations, this is NOT the time to sell. Buy NOW and hold while the price is still low. Those of you who follow this advice will be happy investors within next 24 to 48 hours. However, do SELL between $12000 to $15500 (depending upon your risk appetite / risk tolerance).

[MegaAnalysis]

Dear Investors,

During last 12 hours, Bitcoin hit a yearly high around $11250 (needless to mention that those who bought yesterday on my advice around $10760 were in profit of $500/Bitcoin) and then it came down to $10580 area for a brief period of time.

This brief dip is another BUY opportunity.

My Analytics are telling me that this upcoming upward rally is going to be HUGE. So, in case you have any sell orders at $12000, you can remove them safely.

According to my analytics, Bitcoin is going to smash upwards through the $12000 level.

(Current price is around $10800)

[MegaAnalysis]

Better to sell now around 12700

[MegaAnalysis]

Better to sell now around 12700

Dear investors,

Those who followed my advice and bought around 10800 and sold around $12700 are in massive profit right now.

As I had predicted:

1) Bitcoin smashed upwards throughout $12000.

2) Bitcoin went up by more than $2000, so rally has been HUGE

After reaching $12900+, Bitcoin went down to 12200 Level.

None of my posts were edited and you can verify that how accurate ALL of my predictions have been.

I am ending my free investment advice with this post.

All I will tell you right now is that Bitcoin has further upside in this ongoing rally. If you are investing more than 200 bitcoins then contact me over PM for in-depth price predictions that will enable you to make HUGE profits.

Please note that I can only provide advice and predictions and won't manage anyone's account or touch anyone's investment in any way.