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

[eaLiTy]

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

This is probably true with every prediction  .

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.

Majority will go for the long term as that is the safest option in any trade, if the market is goes down and if you are planning to buy again then it is well and good as everyone is waiting for the market to go down to enter for the long position . One thing i know is that the market is looking for a direction and it is possible that the market might go down further before another rally.

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

I am not a big fan of charts as the market will not necessarily move according what the charts say. If the market moves according those prediction then everyone would have made a ton of money  .

[perla]

If really go to $8000, people can accumulate more. I think if people really have positive sight for bitcoin in future, dumped price will be something that can help them buy in cheap price. Although some other people is panic, i still believe if out there a lot of people still think positive about bitcoin especially when halving come, with price dumped they will buy more and hold.

[jostorres]

The sad part about this is that, Doc was right on his first one, he is a very bull guy as well and he keeps saying that, so we have someone in our hands that says bitcoin will eventually go up for sure, then says this one time it will fall and it does, which all looks like he is awesome for all of us. Then he comes up and says it will go even further, which it doesn't and it stays the same or at least around the same, then he says it will fall even further some other time, I mean looking at bitcoin that is not really some sort of insane guessing there, of course it will drop further one day, its bitcoin for Christ sake it always goes up and down, it went up and now it will go down. That has been the hectic bitcoin movement since the start of bitcoins inception.

[Ararbermas]

The chart showing yes it will pump soon, but you know market always changed direction time on time wherein without knowing due to the factors that suddenly manipulate the growth rate. so don't assume that the potential is 100%. Much better to monitor the price rather than relying on that news because in fact even experts sometimes can't predict the real direction of growth rate. So you better wait for more results before trusting on it.

[BrewMaster]

The sad part about this is that, Doc was right on his first one,

umm! no he wasn't!
there is a big difference between re-testing the same buy support line and bouncing back up immediately after testing it.
and to break that buy support and go below it.

what OP was "predicting" was the second one but the first thing happened. so no, he was horribly wrong about that.

[pieppiep]

To be honest, I don't want to expect to see $8k again after we are at a very low price before. I only hope that the price can rise again and maybe the price will break $11k, $12k, $13k, and so on. I am sure that if the price can rise on every high price, that will make them happy and we will be back to make huge money from bitcoin.

Although there is no exact time to see the very highest price from bitcoin, somehow, I still believe that bitcoin price can be back to the $20k like before, but we don't know when it will happen. But if we take a look at the chart, we can see the higher price in the future, and it is hard to see the price is down at $8k or lower price, but it could be possible too.

[Ridwan Fauzi]

If really go to $8000, people can accumulate more. I think if people really have positive sight for bitcoin in future, dumped price will be something that can help them buy in cheap price. Although some other people is panic, i still believe if out there a lot of people still think positive about bitcoin especially when halving come, with price dumped they will buy more and hold.

Speculation is indeed will affect bitcoin price in the future but it is not guarantee IMHO. Although you have a convince that the speculation will come then you need to compare with another speculation. I have done it sometimes before I decide to hold my bitcoin until the halving event come.

I mean if there is some speculation such this thread who deem that bitcoin will goes down then I will looking for another speculation. So, I just have conclusion that speculation who based by technical analyst it will have 40% that the speculation. But if there is some speculation who based by fundamental analyst I'll put 60% that the prediction will happen. And you can see the answer now, bitcoin price hasn't reach 8k or below of it price so far. Bitcoin price just touch $9000 as the lower price.

[bitgolden]

The chart showing yes it will pump soon, but you know market always changed direction time on time wherein without knowing due to the factors that suddenly manipulate the growth rate. so don't assume that the potential is 100%. Much better to monitor the price rather than relying on that news because in fact even experts sometimes can't predict the real direction of growth rate. So you better wait for more results before trusting on it.

Saying "soon" is a cop out, I mean we can literally say that bitcoin do anything "soon" and we will be right, sure it will probably go down a bit "soon" and it will go up "soon". The real trick is to find when it will go up and down not will it go up or down.

If you can predict when then you will have a chance to make money, for example I can honestly bet on bitcoin going down believing this topic, however it could go up first then go down and I would lose profits from there, I could get the peak bitmex long first then short and make bigger profit. That is why I just hold bitcoin and ethereum and keep it there, don't risk anything and become just long term holder since I am not really a good trader or understand when it will go down or up I just keep it on my wallet without touching it.

[Naida_BR]

I hope that we are going to hit 8k soon.
There is a huge different in price between Bitcoin and altcoins. It is not normal to see alts so low and bitcoin in this price. The different between those assets should come closer. But I think that if bitcoin starts falling altcoins are going to drop in price more...

[1Referee]

There is a huge different in price between Bitcoin and altcoins. It is not normal to see alts so low and bitcoin in this price. The different between those assets should come closer.

That huge difference is well justified because altcoins are pure garbage. The irrational nature of this market however doesn't look at how garbage they are, but where the next money making opportunity is, so from there I think that altcoins will be taking over the spotlights. Bitcoin's chart looks ugly af, while altcoin charts look increasingly more bullish.

But I think that if bitcoin starts falling altcoins are going to drop in price more...

That has been the trend, but the trend is your friend until the end, and the end might be near. In other words, I do expect that Bitcoin making lower lows will result in a capital shift to altcoins, because new money isn't going to enter to buy the dip. People love to buy what's going up and that seems to be the altcoins.

[exstasie]

There is a huge different in price between Bitcoin and altcoins. It is not normal to see alts so low and bitcoin in this price. The different between those assets should come closer.

That huge difference is well justified because altcoins are pure garbage. The irrational nature of this market however doesn't look at how garbage they are, but where the next money making opportunity is, so from there I think that altcoins will be taking over the spotlights. Bitcoin's chart looks ugly af, while altcoin charts look increasingly more bullish.

I'm hesitant to say anything because I'm afraid to jinx it, but altcoins are looking fantastic vs. BTC. Many are on the cusp of major breakouts, though we are still below major monthly/yearly resistances. Everyone still seems to be in disbelief which is perfect. The alt market is beginning to feel like January 2017 again.

If ETH can do another leg up and retake 0.023 as support then I'm pretty sure it's on. So fingers crossed. And that will bode really well for BTC too as money starts flowing into altcoins rather than fiat.

I don't think the BTC chart looks ugly at all.......it's just not quite ready to break up yet.

[maydna]

I hope that we are going to hit 8k soon.
There is a huge different in price between Bitcoin and altcoins. It is not normal to see alts so low and bitcoin in this price. The different between those assets should come closer. But I think that if bitcoin starts falling altcoins are going to drop in price more...

I hope that we do not see $8k again, although that could be possible to happen in the future. But now, I hope that the price can hold them down and then the price can increase higher again. But it seems, the trend of bitcoin is down, and I wish that the down of the bitcoin price is not too long and not reaching the lower price. If that happens, I think many people will be panic because they are holding some bitcoin and they ready to sell. But who knows, after this downtrend, the cryptocurrency market will see the coming of the bull run. And if that is happening to the altcoin first, then I think people are happy because they are holding so many altcoins and they hope they can sell at the higher price when the bull run is coming.

[beerlover]

The altcoin increase kinda shows that bitcoin is actually ready to go up once again, in order for bitcoin to go up more we needed to break the domination a bit, now going down to $8k would mean domination would have been lower but we didn't go that route and then the altcoin prices moved up which broke down the domination a bit, now we can increase the bitcoin price all the way to 70% domination once again without a trouble.

It is really a roll of dice and sometimes you are right and sometimes you are wrong so there is no reason to feel sad about not knowing what bitcoin will do, its something that no one can predict before hand, of course there will be times where you get it right and there are times where you get it wrong but at the end of the day we are all humans and we make mistakes so its all cool.

[STT]

Finally we got a bit of a move and its down towards previous lows again.   Testing support after definitely leaving the 50 day average and where also 8 and 30 were closely placed -



1hr bars, its got the usual pin from familiar prices.   This is the same low reached on July 2nd, selling off after the peak price for this year of 13k.   So its done nothing new except confirm price is somewhat weak in this formation.

[sana54210]

The chart showing yes it will pump soon, but you know market always changed direction time on time wherein without knowing due to the factors that suddenly manipulate the growth rate. so don't assume that the potential is 100%. Much better to monitor the price rather than relying on that news because in fact even experts sometimes can't predict the real direction of growth rate. So you better wait for more results before trusting on it.

If adoption rate had grown to the fullest, we would have relied more on the growth of the value, and all these speculations would not be much because what I see that we just use now to control the price is speculation.

Speculation is good, but it is not meant to be the main determinant factor for the rice of bitcoin, there is need for us to do more in the aspect of using bitcoin as a payment tool because this is exactly the one that paves way for demands for bitcoin, if we constantly get demand for bitcoin, there would surely always be a constant increase in the value of bitcoin also. I believe in the future though and I believe that we will be the one to beg bitcoin to stop increase when the time comes that full adoption of bitcoin comes.

[bitbunnny]

It's possible that Bitcoin price will go down, it's part of volatility. But to say exactly that this is going to happen and how deep the price will go its very hard and it must be remembered that charts are not always reliable. So it's not recommended to make decisions now based on such speculations.

[adaseb]

The problem is that everybody has this triangle drawn on their charts. Everybody is looking at it and basically if it breaks the $9100 area they will go short and if it breaks the trendline, then they will go long. However keep in mind that this is crypto and most likely there is a good chance they will be a fake move first and then it will quickly reverse.

The trendline is trickly because of the way people draw the lines however the horizontal support at $9100 is easy to see. I won't be surprised that we might break $9100 and break $9000 and hit something like $8950 and completely reverse and trap a bunch of shorts and then we might break the trendline with high volume.

Either this or vice versa and we do a head fake to the upside and then we start to go down.

[exstasie]

The problem is that everybody has this triangle drawn on their charts. Everybody is looking at it and basically if it breaks the $9100 area they will go short and if it breaks the trendline, then they will go long. However keep in mind that this is crypto and most likely there is a good chance they will be a fake move first and then it will quickly reverse.

Triangles are especially prone to headfakes, and not just in crypto. That's why I'd love to see one more shakeout to test the lower trend line first.

The trendline is trickly because of the way people draw the lines however the horizontal support at $9100 is easy to see. I won't be surprised that we might break $9100 and break $9000 and hit something like $8950 and completely reverse and trap a bunch of shorts and then we might break the trendline with high volume.

The ascending trend line (on Coinbase) is a hair below $9,500. That's why I'm looking for one more wick down to that area, maybe slightly below into the $9,400s. Buyers will be looking to keep the succession of higher lows intact. I really don't think we'll see $9K.

[qwizzie]

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.

Good prediction. $7,998 to be exact (at least on Bitstamp).
Thats why people should always listen to their ass.

[figmentofmyass]

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.

we just crossed below $8k on bitstamp---excellent call, doctor! i have to admit, it looked touch and go for a minute. i thought the upper bound of the triangle was gonna break on that spike to $10.4k last week.

you must feel vindicated now eh? all the bulls were giving you a hard time after that "next 48 hours" call. now they're all quiet and licking their wounds!