Devastating signal: bear market, 6.4k support, 12.4 resistance

[Bossian]

I would mad if by the end of this month my support break below $7,000 , jeez.

Only those who have no idea how Bitcoin has behaved in the past can think the way you and the vast majority think. Halving will happen in May 2020, and it is very likely that it will have almost no effect on the price increase, as was the case in the past. Most small investors invest in the short term and are not ready to wait even half a year to profit. They are in a panic sale now, even at a loss - but a lot of small ones have to lose, in order for a small number of big players to get rich. This is the only game that is played incessantly.

Before the end of the month? Your support may be broken even today...

Wake me up if my support at $7,000 has been broken .

Luckily it stays above $7,000 in the last two days i guess ... still believe this is the very thin support line that will last for at least a couple weeks from now , I expect this.
Or else if the scenario of bear run continue and even more aggressive to go down I'll be glad to load my bag with more bitcoin!
It's always been a win win situation for me all this time. No Matter where it moves ... I win! I lose nothing!

I actually bought at 6870 USD so the price did went below 7k but for a very short time.

Anyway I think it gets close to 6.5k soon, but after that there should be a nice bounce back towards 9k (see fractal published by NebraskaGooner on Twitter).

[Lucius]

Wake me up if my support at $7,000 has been broken .

Well, that actually happened, the very same day I wrote my last post here, you seem to have slept through, which is actually good for you

Anyway I think it gets close to 6.5k soon, but after that there should be a nice bounce back towards 9k (see fractal published by NebraskaGooner on Twitter).

It seems that way, we see a few attempts for $7500, but it always bounces back close to $7000 which indicates that another drop will (can) occur. I'm not an expert on TA, although I think some things can be learned from that, which is also evident in some of the speculation here on the forum.

I would like to see $10k before the end of this year, simply for some psychological reasons and to break FUD about "price is going to $3000 again".

[Clement Kaliyar]

At least the OP has open our eyes that $6k-$7k is now in the radar and I do hope that with this warning, traders specially newbies will learn and adjust their strategy. To be fair, there are a lot of TA's floating around months ago that we are in the entering a bearish trend, but that artificial pump (because of China news) put that on hold, but now we are back and this is the reality, no more artificial pump.

Now the support of 6,4K support seems real as the market is floating around 7k and it is not looking great as the market can go down further from this stage and for the market to break a couple of support level is alarming in a normal market but i am just guessing how the market will end this year.

[Lanatsa]

At least the OP has open our eyes that $6k-$7k is now in the radar and I do hope that with this warning, traders specially newbies will learn and adjust their strategy. To be fair, there are a lot of TA's floating around months ago that we are in the entering a bearish trend, but that artificial pump (because of China news) put that on hold, but now we are back and this is the reality, no more artificial pump.

Now the support of 6,4K support seems real as the market is floating around 7k and it is not looking great as the market can go down further from this stage and for the market to break a couple of support level is alarming in a normal market but i am just guessing how the market will end this year.

6900+ at the moment and reaching out that support wont really be that far.Seems like there would be more pressure to put the price down on going for the preparation of
halving event.We don't know if this is part of the plan with big players but who knows? Price manipulation is inevitable.They are just making the movement go too slow just
for the public wont notice such motive. (just my speculations though). 

[Wexlike]

At least the OP has open our eyes that $6k-$7k is now in the radar and I do hope that with this warning, traders specially newbies will learn and adjust their strategy. To be fair, there are a lot of TA's floating around months ago that we are in the entering a bearish trend, but that artificial pump (because of China news) put that on hold, but now we are back and this is the reality, no more artificial pump.

Now the support of 6,4K support seems real as the market is floating around 7k and it is not looking great as the market can go down further from this stage and for the market to break a couple of support level is alarming in a normal market but i am just guessing how the market will end this year.

6900+ at the moment and reaching out that support wont really be that far.Seems like there would be more pressure to put the price down on going for the preparation of
halving event.We don't know if this is part of the plan with big players but who knows? Price manipulation is inevitable.They are just making the movement go too slow just
for the public wont notice such motive. (just my speculations though). 

I would be surprised if we make new lows at the end of a year after the devestating end of 2018. Sub 7000$ levels make me a little shaky tho. At least that region is a nice base level for the next bull run at some point up until 2021.

[EdenHazard]

I actually bought at 6870 USD so the price did went below 7k but for a very short time.

Anyway I think it gets close to 6.5k soon, but after that there should be a nice bounce back towards 9k (see fractal published by NebraskaGooner on Twitter).

It's just touched $6,500 few hours ago , daymn ... I need to prepare more cash on this.

Will follow the drop price until even fall further to $3,500 just like what I did back in March this year . Up for 250% and for now a slight negative 30 to 40 percent, still in the safe line.
Now loading my bag with some coins ..

Wake me up if my support at $7,000 has been broken .

Well, that actually happened, the very same day I wrote my last post here, you seem to have slept through, which is actually good for you

I should remain awake when that does happens .