Bitcoin is going for a Big correction

[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