We are about to hit 8K and below...soon (see charts)

[DrBitcoin]

I’m Back!!!
The Nostradamus of half-ass predictions.
This time...I’m using my whole ass!

Be very cautious people. We will see 8K within the next few weeks. Not by sept 5th. But soon.
Sentiment feels negative. This thing is breaking down soon...on its way back to 20K.

I am an amateur. I know less than any professional. Make no decisions based on this post. I only HODL.
But personally I was waiting to buy more sub 9K which I think is about to happen this month. Latest early OCT.






No way we are breaking positive from this descending triangle IMO.

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[shield132]

By the way that chart doesn't mean that it have to create straight 45 degree angle.
Maybe I want to be positive because otherwise it will be really, really bad, another fall and even below 8K? After so many months we still fight to reach higher than 10k, hit 13k sometimes and then fall on 9k, I think it's time to let this scenario end because otherwise positive feelings will go down too.
Idk, maybe we will see 8k but it sucks.

[The Sceptical Chymist]

We will see 8K within the next few weeks. Not by sept 5th. But soon.

When??  Inquiring minds want to know.

If you can't at least nail down a narrow timeline for your prediction, it doesn't carry much weight in my mind.  I'd love to be able to bookmark this thread so I can check to see if you were right when the time comes, but "soon" is just too damn vague.

We're at $10,430 right now (dammit, this forum really needs that bitcoin ticker someone suggested).  Someone predicted a drop to about $8500, which was to happen last week.  The price did drop under $10k but didn't get close to what the OP of that thread said, and he was using TA in his prognostications.  So OP, can you kindly provide a date by which bitcoin is going to drop to $8k or below?

[Leon83]

Will be interesting to see what happens when the price touches the 20-week MA or EMA.
Back in 2016 and beginning of 2017 it bounced off the 20 MA/EMA five or six times.

[exstasie]

No way we are breaking positive from this descending triangle IMO.

I'm definitely watching that descending trend line overhead. The $10,800 level has been a pivot / inflection point several times, and right now it's intersecting with that trend line. That's a huge confluence of resistance. People seem bullish and are acting like the market has already broken to the upside, but until that resistance is broken, I'm not convinced.

[Wilhelm]

NostraAnus the $8k prophet of BTCears 

[electronicash]

it can't break $11k anymore, it might as well just go below 8k. its better that way so there will be more who will hold the coin than just keep building their sell orders. there isn't really a positive sign to look at the chart. depressing as it may sound but its just what it is. there is an slight spike just like what happen yesterday but that's just it and will continue to do so until halving.

[leowonderful]

I've also been looking at this ascending triangle for quite some time as well and depending on how you're drawing the triangle, it definitely seems like we'll need a solid break of $11k or so to invalidate this pattern. Caught a nice dip this morning and I'm on a low leverage long for now, but I'll be looking to close and sit out before we hit the trendline as I'm uncertain we'll be able to breka through this time around. It'd definitely be bullish if we manage a solid break through, however.

[exstasie]

it can't break $11k anymore, it might as well just go below 8k.

It's a range market. One could just as easily say "it can't break $9K so it might as well go up."

Eventually this sideways price action will break and honestly, time is running out for the bears. The weekly chart is painting a big fat reversal candle. If bears don't hold the line here at $10,800 where the descending trend line is it's a pretty strong sign that bulls are taking control.

[Oceat]

Even with your chart, I don't see the drop coming. You have the trading area at the moment the chat is still up there and that area is where price still is. I'm expecting a more bull move with a sharp spike that can hit the resistance on $13,... either to be sustained.

Can you spot the red line going down? Just take a look at the slope where it is heading.



I don't want to believe this kind of prediction yet somehow most of them managed to show the correct line of the market. Maybe i was just looking at the other direction just like how OP look at it. I wanted to be more optimistic of the final result that there would be a bull run this and year so a slight drop is still fine as long as it isn't too heavy to look in the chart.

[Tomak]

I drank just whole bottle of Martini Bianco and i just dont give a fvck. Show me reversal descending hexagon tough guy.

[Slow death]

I’m Back!!!

 

By your post history, you're active every day, so how can you be back if you didn't leave?

The Nostradamus of half-ass predictions.
This time...I’m using my whole ass!

last time you didn't get it right

Huge drop happening within 48 hours! (Update: BTC Price on Sept 5th)

I hope this time you make wrong too

[tomahawk9]

All good with the charts and whatnot but, we have some news that might have the opposite effect:

https://cointelegraph.com/news/bakkt-clients-can-start-warehouse-deposits-on-sept-6

https://www.coindesk.com/van-eck-solidx-to-offer-bitcoin-etf-to-institutions-via-sec-exemption-report

First one will start next Friday (although the real deal will be in a few more weeks), the other one will most likely see the day of light this week. I'm not expecting a huge green candle because of this, but maybe some upward movement rather than a major dip like OP expects?...Or am I being too optimistic?

[DrBitcoin]

NostraAnus the $8k prophet of BTCears 

I love that! Funny. Stuff.

[pooya87]

We will see 8K within the next few weeks. Not by sept 5th. But soon.

When??  Inquiring minds want to know.

10 days ago: https://bitcointalk.org/index.php?topic=5179242.0
that is why i don't get the point of opening a new topic for the same discussion. the obsession OP has with this specific number is very strange too. even if you have buy orders wanting to be filled at that price it still is strange to obsess over it this much in this market which is unpredictable!

[SquallLeonhart]

That is not even call for alarm  for me, because I will be one of the happiest person if we see $8k again, I would just see it as an opportunity that was specially designed for me to buy this coins at a cheaper rate. Bitcoin dip is always a blessing for those who knows how to play the game, I remember many people complaining bitterly recently when the price of bitcoin fell over to $9000, while they were complaining, I was busy looking for extra fiat to use to buy the $9k price, and till now, I am happy that I made that decision, as we can see that the price grew which I have taking my gain with the little goal that I set for it.

I am not expecting us to get anything lower than this anyway, but I think people will still adjust without panic selling and just use it as medium to get more of the coin pending when the price rebound gain.

[BrewMaster]

and this is just as unlikely as the previous time since again you are making the same guess as i said it in your other topic too but this time you included some pictures to add some weight to that guess.

right now the market sentiment is not bearish to expect such drops. and on top of that because the last drop ended up with a reversal of going back to above $1.5k that means day traders no longer expect big drops so the buy support this time is going to be stronger than last which makes any further drops that much more unlikely.

[Wind_FURY]

Why are all the, "We are about to crash soon" topics good to hear? Because by the dip, and HODL, that's why.

Thank you, OP. Is this topic representative of the time extension you needed?

[figmentofmyass]

and this is just as unlikely as the previous time since again you are making the same guess as i said it in your other topic too but this time you included some pictures to add some weight to that guess.

last time around it was damn near impossible since he only gave a 48 hour time window. this time he gave himself a month. on that basis alone, he's got a much better shot.

right now the market sentiment is not bearish to expect such drops. and on top of that because the last drop ended up with a reversal of going back to above $1.5k that means day traders no longer expect big drops so the buy support this time is going to be stronger than last which makes any further drops that much more unlikely.

bitcoin also fell $3000 over the course of august. ($12.3k to $9.3k) i see strong moves in both directions. i want to see the upper bound of that triangle convincingly broken before assuming the bulls have won.

[Jating]

Isn't it the Bakkt will start it's warehouse deposit today?

I think this is a good news so I doubt that $8k is going to be the next price level.

So market sentiments is good today, let's see how it will affect the price in the next few weeks to really invalidate that descending triangle and break for a new trading pattern after this one.