AliMan
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November 09, 2019, 02:32:49 PM |
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The dip pretty much predicted, just buy the dip. It looks like the traders are playing the same thing as usual but give us a chance to pile up more Sats. Probably some entities trying to intrigue sell-off events to buy at a cheaper price, but don't get shaken out because the chart indicates bitcoin heading to $10K. SourceThe chart was clearly providing us visible signals, in which traders could acquire hints on their respective assets. This helps us in obtaining proper analysis while market still correcting some inaccurate price movements. Everybody seems to be a bit of anxious nowadays, but still managed to control their fears because of huge amount of money involved. Buying the dip can be done but in a very secure plans because we can't just pick an asset randomly, shitcoins and other low valued coins will probably be included on your choices. That's why it's so important to do your deep research on those desired coins that we're about to purchase and hold.
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STT
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November 09, 2019, 02:59:55 PM |
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Its too extended to be a bull flag, I would characterise this current action as negative or neutral at best. My idea is roughly to identify a trend and if no clear repeated action to the upside or down is apparent then to try and chalk up the rough outline of a range to the price. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FrzYkPwl.png&t=665&c=ZVFj5RgKxFvSRQ) I did think we might rise a little more then this over the weekend, its in limbo. Yellow is 200 day and 50 day is blue just below us and theres various possible trends that might provide us some support in addition but I'm thinking downwards more then this idea we regain 5 figure prices. It will come around to a bullish sentiment but I dont believe in just hoping for it and I dont see it occuring for now. 10k might be fair just like alot of targets mentioned but its not especially sustainable unless we repeat the step upwards on the lows also. So I think we need to carve out more prices down below in a solid pattern and the lower prices is where the bullish action begins which is quite ironic I guess.
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Wexlike
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November 09, 2019, 05:13:06 PM |
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There is still a possibility that bitcoin will rise again and maybe this is the last decline and will increase again at the end of the year. and now the price of bitcoin is around $ 8,800 and only a slight decrease from $ 9,000, and the current decline actually provides an opportunity to buy bitcoin, and there is a possibility that there will be a slight decrease again and if that happens I will take advantage to make a purchase before bitcoin increases again .
It looks like a Double Bottom pattern is forming. If it is formed, it signals growth, besides, buyers in the market are felt. Most likely there will be hikes to the resistance level and possibly a pulsed movement up to 9000. In another case, the price will not be able to break through the resistance level of 8870 and will decline to the old consolidation zone 8555-8680.
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Sahyadri
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November 09, 2019, 05:19:00 PM |
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Bitcoin couldn't breach the resistance of $9700. It tried breaching it twice after that jump of $3k. But bears are strong there. Now Bitcoin is struggling at $8800 which is a strong support. But if it doesn't sustain, then we are going towards $7700. $10k is highly unlikely to be reached at this price point. There isn't much volume to sustain that required appreciation to reach $10k.
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error08
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November 10, 2019, 01:09:38 AM |
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~
~ Buying the dip can be done but in a very secure plans because we can't just pick an asset randomly, shitcoins and other low valued coins will probably be included on your choices. That's why it's so important to do your deep research on those desired coins that we're about to purchase and hold. Nope, just buy bitcoin when the market in the bloodbath, even some major altcoins such as eth or bch aren't tempting for me to buy. Just focus on bitcoin and you'll get the best results when the rally begins, at that time you may choose some altcoins that will follow the steps of bitcoin.
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EdenHazard
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November 10, 2019, 04:39:10 AM |
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Still 188 days until the halving. After that we will see a new ATH between $50k-$70k. Spike could go as insane as $250k so fasten your seatbelts. My estimate is an ATH in about 250 days....
$10,000 down to $9,000 ... i bought it. $9,000 down to $8,000 now ... i'm on my way buying it. Then if gets dropped lower than $8,000 ... i'll simply buy more bitcoins! I'm bullish in my entire times ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) , the reason isn't only about the coming bitcoin halving next year , it's simply we are heading to something big called a cryptocurrency mass market adoption, I'm quite optimistic about this. Ordinary people getting used to cryptocurrency stuff especially after the 'Starbucks will accept bitcoin' rumours popping up recently.
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Wind_FURY
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November 10, 2019, 06:59:23 AM |
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Still 188 days until the halving. After that we will see a new ATH between $50k-$70k. Spike could go as insane as $250k so fasten your seatbelts. My estimate is an ATH in about 250 days....
BUT, isn't buying now because of the halving, and expecting a market rally after the halving, causes the event of the halving priced to be already in?
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BitHodler
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November 10, 2019, 11:08:58 AM |
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BUT, isn't buying now because of the halving, and expecting a market rally after the halving, causes the event of the halving priced to be already in?
You nailed it. I'm pretty sure the block halving is already calculated into today's price, which it has been for a long while now.... people expecting some sort of a mega bull run will be disappointed heavily. It's a fundamental event for Bitcoin, but it's not not a one shot ticket to the moon.... the price has more than doubled from its $3.1k low, that's technically enough to compensate for the 50% reduction in block rewards. Also, if the price doesn't go up more to sustain today's difficulty levels then miners will withdraw some of their hashrate and have the difficulty come down to where it's profitable again.
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exstasie
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November 10, 2019, 06:38:01 PM |
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Still 188 days until the halving. After that we will see a new ATH between $50k-$70k. Spike could go as insane as $250k so fasten your seatbelts. My estimate is an ATH in about 250 days....
BUT, isn't buying now because of the halving, and expecting a market rally after the halving, causes the event of the halving priced to be already in? That's only what Wilhelm thinks though. He doesn't define the entire market. The halving being "priced in" means the entire market has priced it in, not just a few bulls on this forum. You also need to consider not just demand but miners withholding supply from the market. BitHodler is also a counterpoint; clearly not everyone is bullish about the halving. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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1Referee
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November 10, 2019, 06:46:58 PM |
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BUT, isn't buying now because of the halving, and expecting a market rally after the halving, causes the event of the halving priced to be already in?
I don't think so. The block halving will play an important role mentally and psychologically when we are like a month or two seperated. If there are people who buy in prior to the halving event, they have done it last year already and added to their position when we tanked from $6000 to $3000. On top of that, the hype on social media around the halving is kinda tame as well, which is indicative of the event being too far away from where we are today. It will pick up next year.
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milewilda
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November 10, 2019, 06:47:30 PM |
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BUT, isn't buying now because of the halving, and expecting a market rally after the halving, causes the event of the halving priced to be already in?
You nailed it. I'm pretty sure the block halving is already calculated into today's price, which it has been for a long while now.... people expecting some sort of a mega bull run will be disappointed heavily. It's a fundamental event for Bitcoin, but it's not not a one shot ticket to the moon.... the price has more than doubled from its $3.1k low, that's technically enough to compensate for the 50% reduction in block rewards. Also, if the price doesn't go up more to sustain today's difficulty levels then miners will withdraw some of their hashrate and have the difficulty come down to where it's profitable again. Agreed on these sentiments and people should read this one off.I dont know why people are really too hyper bullish when it comes to numbers where they are already mentioning unrealistic numbers.I didnt say that it wont reach out but its still long way to go. We might see a bull run on previous halving but we cant be sure if it would happen on the upcoming one. Theres only two ways which is up and down but we shouldnt expect too much yet it would just stress it out if it didnt able to meet up our expectations.
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figmentofmyass
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November 10, 2019, 10:27:24 PM |
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Still 188 days until the halving. After that we will see a new ATH between $50k-$70k. Spike could go as insane as $250k so fasten your seatbelts. My estimate is an ATH in about 250 days....
BUT, isn't buying now because of the halving, and expecting a market rally after the halving, causes the event of the halving priced to be already in? this suggests some people are pricing it in, that's all. based on the actual stock-to-flow relationship, the market hasn't priced in the halving at all. https://www.ccn.com/top-german-bank-predicts-bitcoin-to-hit-90000-after-halving/“If the May 2020 stock-to-flow ratio for Bitcoin is factored into the model, a vertiginous price of around USD 90,000 emerges. This would imply that the forthcoming halving effect has hardly been priced into the current Bitcoin price of approximately USD 8,000 (the current model value is roughly USD 7,500).” -Bayern LB report i remember being bearish in the first half of 2016 and saying things like "the halving is already priced in"......i was totally wrong back then. i don't think any event is ever totally priced in until it happens.
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karanggatak
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November 11, 2019, 03:19:49 AM |
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yes I think the current value of bitcoin is quite stable at $ 8000 - $ 9000. and I'm sure in a few months bitcoin will be bullish. because in the next year a lot of positive news will push bitcoin to the moon. like the news of bitcoin halving and the increasing number of countries that support cryptocurrency and blockchain will make bitcoin more expensive. I am optimistic that in 2020 the price of bitcoin can reach $ 25,000.
There has been a slight dip in the value now when it was least expected which makes it really difficult to make any predictions as the market is still too wild and yes I respect your opinion as your prediction is pretty much possible if everything goes as expected but I would still be prepared for both bullish and bearish market as well. yes since the beginning of entering the bitcoin market I was always ready when the market was bullish and also when it was bearish. as an investor and bitcoin trader we must be good at exploiting the volatility of bitcoin. we must be able to take advantage of every opportunity to decrease and increase well. and of course we also have to be patient and not easily panic when bitcoin dumps. in my opinion when bitcoin dump is a good opportunity to add to our bitcoin because I'm sure after a dump bitcoin will pump higher.
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Wind_FURY
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November 12, 2019, 06:31:02 AM |
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Still 188 days until the halving. After that we will see a new ATH between $50k-$70k. Spike could go as insane as $250k so fasten your seatbelts. My estimate is an ATH in about 250 days....
BUT, isn't buying now because of the halving, and expecting a market rally after the halving, causes the event of the halving priced to be already in? this suggests some people are pricing it in, that's all. based on the actual stock-to-flow relationship, the market hasn't priced in the halving at all. https://www.ccn.com/top-german-bank-predicts-bitcoin-to-hit-90000-after-halving/“If the May 2020 stock-to-flow ratio for Bitcoin is factored into the model, a vertiginous price of around USD 90,000 emerges. This would imply that the forthcoming halving effect has hardly been priced into the current Bitcoin price of approximately USD 8,000 (the current model value is roughly USD 7,500).” -Bayern LB report i remember being bearish in the first half of 2016 and saying things like "the halving is already priced in"......i was totally wrong back then. i don't think any event is ever totally priced in until it happens. I believe the stock-to-flow ratio "theory" only focuses on supply, but what about the demand? Stock-to-flow ratio is originally used for commodities, like gold. Gold never mooned. BUT this might be good. Bitcoin's "Age of Stability". ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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figmentofmyass
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November 12, 2019, 07:00:04 AM |
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this suggests some people are pricing it in, that's all. based on the actual stock-to-flow relationship, the market hasn't priced in the halving at all. https://www.ccn.com/top-german-bank-predicts-bitcoin-to-hit-90000-after-halving/“If the May 2020 stock-to-flow ratio for Bitcoin is factored into the model, a vertiginous price of around USD 90,000 emerges. This would imply that the forthcoming halving effect has hardly been priced into the current Bitcoin price of approximately USD 8,000 (the current model value is roughly USD 7,500).” -Bayern LB report i remember being bearish in the first half of 2016 and saying things like "the halving is already priced in"......i was totally wrong back then. i don't think any event is ever totally priced in until it happens. I believe the stock-to-flow ratio "theory" only focuses on supply, but what about the demand? the stock-to-flow model assumes a constant level of demand. in reality, demand waxes and wanes with bull and bear markets. if $90k is the model's target post-halving, then bubble hype (temporary speculative demand) should take us considerably further. Stock-to-flow ratio is originally used for commodities, like gold. Gold never mooned. BUT this might be good. Bitcoin's "Age of Stability". ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) bitcoin is a commodity like gold, right down to the mining analogy. i would say gold did moon. it's up like 3600% over the past 50 years. between 2001 and 2011 it went up 650%---nothing to sneeze at.
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oktana
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November 12, 2019, 08:02:36 AM |
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yes I think the current value of bitcoin is quite stable at $ 8000 - $ 9000. and I'm sure in a few months bitcoin will be bullish. because in the next year a lot of positive news will push bitcoin to the moon. like the news of bitcoin halving and the increasing number of countries that support cryptocurrency and blockchain will make bitcoin more expensive. I am optimistic that in 2020 the price of bitcoin can reach $ 25,000.
It is likely that a long consolidation in the $ 10k area will slide early next year, but this year it should experience an impulse below the $ 8k area again, at least for December. If it remains in the zone that you wrote, then the expectations will not enter the $ 25k zone even though it remains in an uptrend. the results of trend accumulation always occur 1 year after halving progress if you look at what has happened.
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El duderino_
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November 12, 2019, 10:54:52 AM |
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everything on the charts point to a big bull run starting with a soon-ish breakout. and the fundamentals are there too, there is lots of good news regarding bitcoin adoption these days on top of all that which should have started this breakout but for some reason it seems like the same range is being forced to stay even though the range is squeezed more into a compacted one each time it is tested.
I do agree there are a lot of very positive news signals and fundamentals are good as it always have been, but last year when we had our DIP in the sub 4K we also had more positive news signals and though we did continue with decreasing of price, but nonetheless I do think cause of sentiment we had all over this year the price might go up instead of going down.... It might be kept under control for a few months till the halving dates kick in more and more. What i'm most curious of is will we see serious action PRE halving, ON halving or few weeks/months AFTER halving... ?? Though I do cheer good and positive news cause user count will keep increasing ant thats the most important of the whole BTC story, more and more different people will be owning some % of the total amount of available BTC
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Yamifoud
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November 12, 2019, 11:22:00 AM |
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Maybe I'm too optimistic if I would say that Bitcoin will go over $10k which it looks like to be less possible in the stretch. Having some insights that there is no bull run happen this year and it is too hard to make a huge jump if the market demand won't get stronger. Maybe we could expect a huge hike early next year as halving come near to happen but can't speculate if Bitcoin price will reach for another $20k.
And for now, I don't feel that it drop more below $8k. I'm too positive that it remains to $8k - $10k range.
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wajik-tempe
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November 12, 2019, 11:55:33 AM |
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Maybe I'm too optimistic if I would say that Bitcoin will go over $10k which it looks like to be less possible in the stretch. Having some insights that there is no bull run happen this year and it is too hard to make a huge jump if the market demand won't get stronger. Maybe we could expect a huge hike early next year as halving come near to happen but can't speculate if Bitcoin price will reach for another $20k.
And for now, I don't feel that it drop more below $8k. I'm too positive that it remains to $8k - $10k range.
I think bitcoin won't pump to 20k before the halving or even after the halving. Just like it used to before bitcoin price pump in 2017 while the latest halving was held in 2016. I'm sure it will be the same next year. Bitcoin won't pump hard next year, but the next 2 years i'm sure bitcoin will be people demands and the price would be so high due to the less supply and harder to get
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Red-Apple
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November 12, 2019, 02:38:54 PM |
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Maybe I'm too optimistic if I would say that Bitcoin will go over $10k which it looks like to be less possible in the stretch.
and why is that? i am not just asking you, but all those who say they don't see the rise happening. i am honestly confused as i don't see any reason why not. of course i don't expect it to happen due to the market manipulation at large but i don't expect it not-to happen either. this reminds of the first quarter of this year when we were seeing the same thing! everyone had given up on seeing a rise due to 2018 being a fall year and price not rising for many months being stuck at <$4k level. the funny thing is many people (just like now) were waiting for halving to see the rise. now we are easily 200% above that!
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