4 reasons why Bitcoin has bottomed out

[cosmofly]

Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.

Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?

TA is usually just a prediction, so it could be wrong. But take a look at his long term trendline, it seems to be true when the price of BTC is correcting to the $ 6k ~ 7k range. I still believe in the next parabol move of BTC.

According to the Parabolic curve, the price of Bitcoin will soon return to the price of $ 6k and bounce from there. The price of Bitcoin has just continued to decline, showing that the seller is very strong for 2 days and this decline will continue until the price of Bitcoin reaches a bottom. We should watch at $ 6k5 or $ 6k3 and buy gradually, then hold and wait for the market to grow again.

[silversurfer1958]

Hey guys,

I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern

For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY

Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.

Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?

In fact, indicators play only a small part in the accuracy of trend prediction, it also depends on the news and influence from politics in other countries. And one more special thing is that the market can reverse at any time and we need to be psychologically prepared for these things. so the price of bitcoin drops and we still make a big profit through short order.

[aioc]

Hey guys,

I really do think Bitcoin has bottomed out right now.
1st we haven't seen any close below the weekly EMA and it acted as support
2nd Correction of 45% one of the highest ones so far
3rd Bullish divergence on the weekly chart
4th triple bottom reversal pattern

For my complete analysis check my YouTube video : https://youtu.be/XUyoGTJH8FY

Bitcoin just crashed from $8,000 down to $7,500 and has been on an almost permanent downtrend since you made this thread.

Why not close it now, and admit you were horribly wrong, and that all your TA was complete nonsense?

I agree that he should close it now to save face, it's struggling in the $7 k level and could possibly go down to the $6500 level, Damn I was on a buying spree just last week and never thought that it could down this level, it's time to support the price now, now I was thinking to get  loan it's the best option to buy more it could not possibly happen again.

[enhu]

Looks like the statement that BTC has bottomed out had made people's confidence shoot up for BTC and then suddenly crash down all to scare them once again. Its not just $7k, its not good to small time traders but for the big whales its a does make sense to buy more. The poor becomes poorer and richer becomes richer still applies in crypto.

[Webetcoins]

I think due to so many options we have right now the competition is really going on. In crypto world more coins are emerging and lots of people are already talking about it. There many similar concepts going on its either to collaborate with crypto or just making scene to regulate another processes. What I mean is that, its like in a very busy street. The traffic jam is untolerable. Tendencies are no movement going and so many are involving and yet noone is emerging.

The reason behind so many projects emerging on daily basis is that everyone wants to make money through Crypto coin and digital coin market as a whole. If you look at the scam percentage at present, you will get a pretty good idea if it is more about competition or just snatching the money from investors in any way possible. New projects are nothing like old projects and bitcoin is the best of the best in all aspects. For other things, just give the market some time.

[wywoc]

According to the Parabolic curve, the price of Bitcoin will soon return to the price of $ 6k and bounce from there. The price of Bitcoin has just continued to decline, showing that the seller is very strong for 2 days and this decline will continue until the price of Bitcoin reaches a bottom. We should watch at $ 6k5 or $ 6k3 and buy gradually, then hold and wait for the market to grow again.

Yes, you can see now BTC's price bounced back again $ 7k1, but for me 6k7~6k9 will be the last bottom of BTC before it go to the next bull run. This time some fake news as well as fake FUD was published to make higher sell pressure, but in the end of this year maybe many good news will come out.

[supercanada1]

Looks like the statement that BTC has bottomed out had made people's confidence shoot up for BTC and then suddenly crash down all to scare them once again. Its not just $7k, its not good to small time traders but for the big whales its a does make sense to buy more. The poor becomes poorer and richer becomes richer still applies in crypto.

If you are born poor, that was your luck but if you stay poor for the rest of your life, it would be your own decision. let’s just look at example of Eric, he became rich by investing in bitcoin at the time when no one was willing to. So he deserves this reward. Look at Mark, Steve Jobs, Larry Page or Bill Gates, they were not as rich at their birth time as they are now. Crypto currencies give a way to become rich.

[enhu]

Looks like the statement that BTC has bottomed out had made people's confidence shoot up for BTC and then suddenly crash down all to scare them once again. Its not just $7k, its not good to small time traders but for the big whales its a does make sense to buy more. The poor becomes poorer and richer becomes richer still applies in crypto.

If you are born poor, that was your luck but if you stay poor for the rest of your life, it would be your own decision. let’s just look at example of Eric, he became rich by investing in bitcoin at the time when no one was willing to. So he deserves this reward. Look at Mark, Steve Jobs, Larry Page or Bill Gates, they were not as rich at their birth time as they are now. Crypto currencies give a way to become rich.

Steve Jobs, Larry Page or Bill Gates are all crooks. They are not investors, they steal ideas and projects from developers, they have proprietary products. Google makes money from people like you who trusted them the personal info.

What I mean when the poor becomes poorer is that when the poor invest on BTC they expect return in matter of days and if the price drops this much, they panic and sell the coins and they end up poorer than before. These poor people who suddenly trust BTC all because someone says it has bottomed out are the ones expecting ROI faster, they don't even trade. They won't turn their BTC into stablecoin when the price drops, they cash out. These are the ones who can't last seeing their money turns $5000 to $3000 in days.

[strunberg]

According to the Parabolic curve, the price of Bitcoin will soon return to the price of $ 6k and bounce from there. The price of Bitcoin has just continued to decline, showing that the seller is very strong for 2 days and this decline will continue until the price of Bitcoin reaches a bottom. We should watch at $ 6k5 or $ 6k3 and buy gradually, then hold and wait for the market to grow again.

Yes, you can see now BTC's price bounced back again $ 7k1, but for me 6k7~6k9 will be the last bottom of BTC before it go to the next bull run. This time some fake news as well as fake FUD was published to make higher sell pressure, but in the end of this year maybe many good news will come out.

we hope so, last price could be bottom for bitcoin movement. last crash caused by fud again and again. i know many whales want to accumulate their bitcoin amount , so many fud released now. $6k7 hopefully be last bottom , and there is no more down movement , investors could start accumulate their bitcoin from this now on, halving time now get closer . several months left again and dont miss this cheap price before this moment coming.

[whtchocla7e]

There has been a lot of information about China handling many exchanges. I think this is the main news that makes the market fall. The influence of CN greatly affects BTC and other currencies. I hope that this is the lowest price in the last 6 months. The return of $ 10k BTC will be coming soon.