Warning! Here's Why BTC is Set To Fall To 3000 or Lower!

[kanayaTabitha]

Get ready to buy then !
You won't get this 2nd chance anymore in fact I suggest to start now. Sell your organs and start buying.

It's a nice hyperbolic statement, i wonder when there is a person who read this really did this
If those prediction is really happen so we better to wait for lower price, but i'm not sure btc price will fall that deep because the demand is still strong and the halving is getting closer.

[Darooghe]

Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.

[daarul50]

Get ready to buy then !
You won't get this 2nd chance anymore in fact I suggest to start now. Sell your organs and start buying.

It's a nice hyperbolic statement, i wonder when there is a person who read this really did this
If those prediction is really happen so we better to wait for lower price, but i'm not sure btc price will fall that deep because the demand is still strong and the halving is getting closer.

i heard that a kidney could be worth up to $1 million US dollar , go ahead guys .

in a serious note , when you see there is an opportunity like this , where the price dropped to the very low during the past 1 year i think it could be a worth betting if you sell some stuff that you don't really need it for now , for example if you have two cars , sell it one now and make it three in the next few months , a simply math on taking risk actually.

but of course you need to becareful making this kind decision, i never come to make any financial advice. but when it comes to see a bitcoin price drop to $3000 where big event held ahead in 2020 , this is a very rare opportunity to make a high yield invesment.

[andycarrol]

Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.

the point of all is not having knowledge, many people panic so they don't know what will happen next. limited funds also sometimes make me want to sell when prices will go down, for fear that if it goes down deep enough and can't buy when the price is very low.

[bitbunnny]

Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.

the point of all is not having knowledge, many people panic so they don't know what will happen next. limited funds also sometimes make me want to sell when prices will go down, for fear that if it goes down deep enough and can't buy when the price is very low.

Although you get tempted to sell be aware that price goes both ways, up.and down, so when the price falls that doesn't mean it will last forever. It's important to know to make the difference between correction or dump that might last a while and needs to be followed by some actions. Just don't ever panic, that will make you do reckless decisions.

[el kaka22]

I think technical analysis is most useless for such a prediction.

Technical analysis always subject to be overridden. It means when deciding factors change, those support and resistance levels need to be adjusted accordingly. I am not seeing any possibilities for prices to break again its recent low which is around $6500 levels. It means we may not see any prices which are lower than $7k levels here after. At the same time, bitcoin may not enter into bullish mode directly. It may remain sideways at least for short to mid term.

It means we cannot expect to have new ATH in short term. We might need to wait till beginning of 2021 for new ATh most probably. Again, no speculation is final as market reserves all the rights to change anything at the final moments . But, current markets are good to buy more without any hesitations.

[andycarrol]

Most people like OP usually buy stuff at the wrong time, and then sell what they should keep, and then they lose everything. As a tip when you're worried and start to become emotional about your investment, you will end up making poor decisions. If you need the money, sell, and find a more stable investment. If you're just greedy, I strongly recommend HODL. most people can't handle this type of market volatility and you probably end up buying at a higher price in the future.

the point of all is not having knowledge, many people panic so they don't know what will happen next. limited funds also sometimes make me want to sell when prices will go down, for fear that if it goes down deep enough and can't buy when the price is very low.

Although you get tempted to sell be aware that price goes both ways, up.and down, so when the price falls that doesn't mean it will last forever. It's important to know to make the difference between correction or dump that might last a while and needs to be followed by some actions. Just don't ever panic, that will make you do reckless decisions.

of course, if we look at the history of price movements down and up it is certainly common because, in the end, I am sure it will go back to the top, it can even go higher and that is due to several factors to come, such as mass adoption, halving and others. so as long as many developments have positive values, it is certain that prices will continue to increase in the future.

[alexsandria]

the bitcoin market is not the same as the forex market, bitcoin is more difficult to predict than forex, technical analysis is less effective in bitcoin trading, I often try technical analysis for bitcoin predictions but often meet with false signals.

Not all the time mate. It is somehow quite effective it may be you deal with it in a wrong way. Well, bitcoin market do go side ways but sometimes those alts are partially dependent to bitcoin. I agree that bitcoin trading is quite tough, but with proper techinical analysis with proper dealing with it would lessen your greater loss than not.

[joshy23]

the bitcoin market is not the same as the forex market, bitcoin is more difficult to predict than forex, technical analysis is less effective in bitcoin trading, I often try technical analysis for bitcoin predictions but often meet with false signals.

Not all the time mate. It is somehow quite effective it may be you deal with it in a wrong way. Well, bitcoin market do go side ways but sometimes those alts are partially dependent to bitcoin. I agree that bitcoin trading is quite tough, but with proper techinical analysis with proper dealing with it would lessen your greater loss than not.

Continuous learning on how to track down those technical analysis and how it will work according to your plans. The market volatility made it more tougher as momentum keep on changing from time to time. You need to have a good position before you make the deal both long and short trades can be help by good technical analysis to pick your position in the early stage.

[Bossian]

I think BTC is about to shock the world, with an epic meltdown into halving that nobody expects. I'm sure many of you know that I don't really use Elliott Wave too often, usually because I think it is too prone to misinterpretation. As an analyst, I like to keep things clear and simple on my charts, so that I can decipher what is going on in an easy to understand way. That's what works for me. However, I'm giving Elliott Wave Theory some credence here, in the long term Bitcoin chart.

Now, I've said on numerous occasions that BTC's log regression arc (blue arc) is the most beautiful and technically respected formation that I have ever seen in my eleven years as an analyst. I've also said on multiple occasions, that I didn't trust the recent bull run, because price never fell to my personal regression arc. Many other analysts have drawn it differently, in a way that shows price touching it in December of 2018, but they erroneously allow price to dip below it in years prior, simply to fulfill their fantasies of their emotional narratives. Not MagicPoopCannon. I always bring it to you raw and uncut, even if it causes uproar and rejection.

Looking at this weekly log chart of Bitcoin , you can CLEARLY see that BTC has printed five impulse waves up. The first wave began at it's creation, and the fifth wave ended at the high of 2017. Since then, BTC has clearly been in an ABC correction phase. I mentioned this as a possibility in the past, and here we can see that it really seems to be playing out.

Here's where things get messy though. For the ABC wave to complete itself BTC will more than likely break down below the blue regression arc, and that is a big problem technically, in my opinion. Now, the end of the C wave can be as low as the A wave (flat) or deeper than the A wave ( zig-zag .) With that said, if price were to fall quickly to the regression arc, somewhere around 3000, we could see a flat play out, with price completing the C wave without breaking the regression arc.

You may be wondering why the regression arc is so important. In my view, it's the primary technical formation projecting that BTC will rise to the hundreds-of-thousands range. If it is broken and not recovered, BTC may never reach those lofty targets of common belief. That's why I'm concerned about the future of BTC . Conversely, a new 12345 wave impulse could begin after the C wave completes, but who knows if that will happen? Nothing is guaranteed. Bitcoin is heavily centralized to China, and they're apparently on a warpath to end all crypto trading. They could easily cause major disruptions in the space, since over 60% of the BTC network is centralized inside of their borders. In other words, I would much rather be a buyer at the end of the C wave, than a holder into oblivion. I have profits to protect, and I intend on doing that, even if it means risking some upside gains. At this point, the market has to prove to me that it can and will recover. One thing that is a fact of trading, is that the trend is your friend. Since the high at 13800, the trend has been down, and I have been incrementally liquidating my positions.

Now, we can see on the chart the the 50 week MA (in orange) is right below the current price action. I showed in the last analysis how I thought BTC would fall to it in the near future, and that happened exactly as I had anticipated. Now that we're here, I think it is more likely that BTC will break down below the 50 week MA, to test the more important support/resistance zone around 6000. If that is lost, BTC could fall to the 5600 range, where it will meet the 200 week MA (in purple.) If you recall, that is where BTC held in December 2018 at about 3200. Unfortunately, if any credence should be given to Elliott and his Theory of Waves, price should also break down below that. Historically, price has never really broken down below the 200 week MA. It has been tested and maybe breached a few times, but never with great magnitude. I think we're about to see a breakdown below that, at least for a retest of the 3000 area at the bottom of the blue regression arc. Honestly, I think the most likely outcome here, is that BTC will fall much deeper than that, potentially to 2000 or lower.

I don't want to give too much weight to Elliott Wave here though. But just look at the volume since 2015. It has been on a consistent fall, dwindling and dwindling while everyone ignores it. Interestingly, the end of the C wave corresponds well with the ending stages of the falling volume resistance (black trendline .) So, there is a good chance that we could see an explosion of surging volume there. So, I would prefer to be a buyer in that region. Basically anything below 3000 I will be interested in buying at this point, and I think that's true for a lot of people, which is why we could see an explosion in volume if prices fall down there.

Furthermore, look at the weekly RSI . You can see that the red horizontal trendline (around 56) is a clear indicator of bull and bear markets. When BTC gets above it and holds above it, we are in a bull market. When BTC breaks down below it, and confirms it as resistance, we are in a bear market. Last month, BTC confirmed that level as resistance, proving that we are in a bear market right now. So, I won't be hodling anything here, until BTC shows a real improvement. If BTC rises 1,000 or more tomorrow, I don't care. I'm looking at the big picture, and I think the highest probability is that BTC will melt into the halving, in a way that nobody is anticipating. In fact, the only reason BTC may have this beautiful chart, is because it has been in the process of forming a perfect 5 wave impulse for the last eight plus years. Now that the impulse is complete, I can't help but wonder if BTC really has any value. People will call that FUD and blah blah blah, but I'm an analyst and an educated investor — not a blind ideologist. I do think BTC has value, I just don't know what that value is, especially since adoption is lackluster, the lightning network is unimpressive, and BTC has shown that it isn't much other than a "digital store of value." Considering BTC's volatility , and the fact that it's at the end of a five wave impulse, BTC could be a DESTROYER of value going forward. We simply don't know, and there is no real way to calculate the value of it. I've looked at mining costs, profitability, difficulty adjustments, halvings, transaction values, the hash rate, you name it. The true value of BTC is something that everyone speculates on.

I'll leave you with this; just because BTC has risen for the majority of it's lifetime, doesn't mean that it will be profitable from here. For all we know, BTC may never see 10,000 again, and there are many technical and fundamental reasons to believe that. Choose your moves wisely. The future we've all envisioned is not guaranteed.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

join our telegram : https://t.me/priceprediction

I was talking about the same stuff somewhere else on this forum (think I even created a thread about it).

If the C point is line with the top of the Wave 3 then a price around 3k is expected, however I saw a fractal posted by NebraskanGooner, this impressive fractal shows around 4.5k for May 2020 but of course it's tough to call exact prices.

One thing is almost certain though, sell at 9k whenever it's possible before the collapse.

[Bossian]

It means we cannot expect to have new ATH in short term. We might need to wait till beginning of 2021 for new ATh most probably. Again, no speculation is final as market reserves all the rights to change anything at the final moments . But, current markets are good to buy more without any hesitations.

I am also not expecting any all time high valuation anytime soon and it is true none of these speculation will go according to our plan nor anyone's, we have a good support around $6400 and it is highly unlikely that it will get breached unless we see a bearish trend when the price is hovering around $7k. The market cannot be predicted that easily and i always expect the unexpected all the time.

The support at 6.4k is very real indeed. Good point.

However the correction should be (unfortunately) stronger and should break below this support.

Long term trends are usually very strong, but things are looking good short term, until Jan or Feb 2020. Plenty of money to be made in the following 2-3 months. That's the bright side of the crypto world I guess, make money regardless if the trend is bullish or bearish  

[bitvalak]

I think BTC is about to shock the world, with an epic meltdown into halving that nobody expects. I'm sure many of you know that I don't really use Elliott Wave too often, usually because I think it is too prone to misinterpretation. As an analyst, I like to keep things clear and simple on my charts, so that I can decipher what is going on in an easy to understand way. That's what works for me. However, I'm giving Elliott Wave Theory some credence here, in the long term Bitcoin chart.

Now, I've said on numerous occasions that BTC's log regression arc (blue arc) is the most beautiful and technically respected formation that I have ever seen in my eleven years as an analyst. I've also said on multiple occasions, that I didn't trust the recent bull run, because price never fell to my personal regression arc. Many other analysts have drawn it differently, in a way that shows price touching it in December of 2018, but they erroneously allow price to dip below it in years prior, simply to fulfill their fantasies of their emotional narratives. Not MagicPoopCannon. I always bring it to you raw and uncut, even if it causes uproar and rejection.

Looking at this weekly log chart of Bitcoin , you can CLEARLY see that BTC has printed five impulse waves up. The first wave began at it's creation, and the fifth wave ended at the high of 2017. Since then, BTC has clearly been in an ABC correction phase. I mentioned this as a possibility in the past, and here we can see that it really seems to be playing out.

Here's where things get messy though. For the ABC wave to complete itself BTC will more than likely break down below the blue regression arc, and that is a big problem technically, in my opinion. Now, the end of the C wave can be as low as the A wave (flat) or deeper than the A wave ( zig-zag .) With that said, if price were to fall quickly to the regression arc, somewhere around 3000, we could see a flat play out, with price completing the C wave without breaking the regression arc.

You may be wondering why the regression arc is so important. In my view, it's the primary technical formation projecting that BTC will rise to the hundreds-of-thousands range. If it is broken and not recovered, BTC may never reach those lofty targets of common belief. That's why I'm concerned about the future of BTC . Conversely, a new 12345 wave impulse could begin after the C wave completes, but who knows if that will happen? Nothing is guaranteed. Bitcoin is heavily centralized to China, and they're apparently on a warpath to end all crypto trading. They could easily cause major disruptions in the space, since over 60% of the BTC network is centralized inside of their borders. In other words, I would much rather be a buyer at the end of the C wave, than a holder into oblivion. I have profits to protect, and I intend on doing that, even if it means risking some upside gains. At this point, the market has to prove to me that it can and will recover. One thing that is a fact of trading, is that the trend is your friend. Since the high at 13800, the trend has been down, and I have been incrementally liquidating my positions.

Now, we can see on the chart the the 50 week MA (in orange) is right below the current price action. I showed in the last analysis how I thought BTC would fall to it in the near future, and that happened exactly as I had anticipated. Now that we're here, I think it is more likely that BTC will break down below the 50 week MA, to test the more important support/resistance zone around 6000. If that is lost, BTC could fall to the 5600 range, where it will meet the 200 week MA (in purple.) If you recall, that is where BTC held in December 2018 at about 3200. Unfortunately, if any credence should be given to Elliott and his Theory of Waves, price should also break down below that. Historically, price has never really broken down below the 200 week MA. It has been tested and maybe breached a few times, but never with great magnitude. I think we're about to see a breakdown below that, at least for a retest of the 3000 area at the bottom of the blue regression arc. Honestly, I think the most likely outcome here, is that BTC will fall much deeper than that, potentially to 2000 or lower.

I don't want to give too much weight to Elliott Wave here though. But just look at the volume since 2015. It has been on a consistent fall, dwindling and dwindling while everyone ignores it. Interestingly, the end of the C wave corresponds well with the ending stages of the falling volume resistance (black trendline .) So, there is a good chance that we could see an explosion of surging volume there. So, I would prefer to be a buyer in that region. Basically anything below 3000 I will be interested in buying at this point, and I think that's true for a lot of people, which is why we could see an explosion in volume if prices fall down there.

Furthermore, look at the weekly RSI . You can see that the red horizontal trendline (around 56) is a clear indicator of bull and bear markets. When BTC gets above it and holds above it, we are in a bull market. When BTC breaks down below it, and confirms it as resistance, we are in a bear market. Last month, BTC confirmed that level as resistance, proving that we are in a bear market right now. So, I won't be hodling anything here, until BTC shows a real improvement. If BTC rises 1,000 or more tomorrow, I don't care. I'm looking at the big picture, and I think the highest probability is that BTC will melt into the halving, in a way that nobody is anticipating. In fact, the only reason BTC may have this beautiful chart, is because it has been in the process of forming a perfect 5 wave impulse for the last eight plus years. Now that the impulse is complete, I can't help but wonder if BTC really has any value. People will call that FUD and blah blah blah, but I'm an analyst and an educated investor — not a blind ideologist. I do think BTC has value, I just don't know what that value is, especially since adoption is lackluster, the lightning network is unimpressive, and BTC has shown that it isn't much other than a "digital store of value." Considering BTC's volatility , and the fact that it's at the end of a five wave impulse, BTC could be a DESTROYER of value going forward. We simply don't know, and there is no real way to calculate the value of it. I've looked at mining costs, profitability, difficulty adjustments, halvings, transaction values, the hash rate, you name it. The true value of BTC is something that everyone speculates on.

I'll leave you with this; just because BTC has risen for the majority of it's lifetime, doesn't mean that it will be profitable from here. For all we know, BTC may never see 10,000 again, and there are many technical and fundamental reasons to believe that. Choose your moves wisely. The future we've all envisioned is not guaranteed.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

join our telegram : https://t.me/priceprediction

You can not only rely on technical analysis, analysis can not be believed to be 100% correct. There are many possibilities that can refute a technical analysis.
Simply look at where a lot of sellers will definitely go down, and the more buyers there, the prices will go up. Market laws are always repeated like that.

[Wexlike]

Long term trends are usually very strong, but things are looking good short term, until Jan or Feb 2020. Plenty of money to be made in the following 2-3 months. That's the bright side of the crypto world I guess, make money regardless if the trend is bullish or bearish  

Hope for the same. Nice volatile trading range for scalping.

[carlfebz2]

Long term trends are usually very strong, but things are looking good short term, until Jan or Feb 2020. Plenty of money to be made in the following 2-3 months. That's the bright side of the crypto world I guess, make money regardless if the trend is bullish or bearish  

Hope for the same. Nice volatile trading range for scalping.

But scalping isnt for everyone thats why they do tend neither doing some swing or long term holding with their assets.Dont know why people do really like
to speculate going lower if we do consider on the path we take reaching these levels wayback into that sudden dump on the market.There were lots of fundamentals
that we can refer about but those arent sure things to be applied on the current market condition.On the upcoming halving and more future months to come
we can presume some positiveness but we wont know on when it would happen completely.

[Bossian]

Long term trends are usually very strong, but things are looking good short term, until Jan or Feb 2020. Plenty of money to be made in the following 2-3 months. That's the bright side of the crypto world I guess, make money regardless if the trend is bullish or bearish  

Hope for the same. Nice volatile trading range for scalping.

I don't know what's your definition of scalping, but from what I remember when trading on sport (small odds variation), it is a strategy to trade on very small movements.
I personally don't do this, but I understand how tempting it is.

But I advise you don't talk about scalping on this forum, you will be mocked. I was mocked on this very forum because I confessed placing trades for a 20% profits. But hey it worked everytime this year    Scalping is more 5% or this kind of profit? I believe so.

Basically you wait until we hit a resistance, and when we start to go down again, you sell, and buy again very shortly after.

I am not too comfortable with this since my commission with Bitstamp is 0.5%, that's too high in my opinion because you have to pay on both orders. That's why I aim for 20% profits, or similar.

Best of luck anyway.   

[electronicash]

below $3k is not the kind of stuff i would believe though. i am also looking on to the monthly charts, i would assume this below $3k that op said could happen by march to june but that might not happen due to halving. if a whale who starts to think of dumping because the price could go that low, he might just be buying his BTCs back for a higher price. there is not much to fud these days all the possible news had been overly exploited.

[Bossian]

But scalping isnt for everyone thats why they do tend neither doing some swing or long term holding with their assets.Dont know why people do really like
to speculate going lower.

Simple. Just consider this.

For instance, I purchased 1 BTC in June 2017. Right now I have 1.72 BTC because of trading.

That's why trading or even scalping is interesting but indeed you need to be skilled otherwise you are screwed. People who screw up are usually the ones who cannot take it emotionally (see some threads here, there are plenty around).

[Bossian]

below $3k is not the kind of stuff i would believe though. i am also looking on to the monthly charts, i would assume this below $3k that op said could happen by march to june but that might not happen due to halving. if a whale who starts to think of dumping because the price could go that low, he might just be buying his BTCs back for a higher price. there is not much to fud these days all the possible news had been overly exploited.

3k is exactly the top of Wave 3 (see Elliott Wave analysis), this price was not quoted randomly. Technical analysis gives this price but of course it's an estimate, I would personally be very confident we get around 4.5k next year. That's why there is no point buying now at 7.5k.

Why pay a second hand car at $7500 when you can get the same car in similar condition for $4500 a year later? That's what we are talking about it.
Patience is key  


Loving my profession.

[FlamingFingers]

Get ready to buy then !

Only the strong hearted will buy bitcoin at $3k,  majority of people will be afraid to buy at this stage,  just like when hit hit $3k previously, there will be lots of FUD about the price going down more thereby scaring those who don't have the courage to buy

Sell your organs and start buying.

Quite funny though  I wouldn't advise anyone to do this,  the market is highly volatile,  so that such person would not developed a heart attack if the Price correct before finally going up 

[watergold]

I think technical analysis is most useless for such a prediction.

It means we cannot expect to have new ATH in short term. We might need to wait till beginning of 2021 for new ATh most probably. Again, no speculation is final as market reserves all the rights to change anything at the final moments . But, current markets are good to buy more without any hesitations.

The new ATH is probably still far away because the market is not certain and what I see is only bearish, what happens after haliving will not make it into a new ATH but there is still a slow process and market movement, so I just think someone's technical analysis is not can be confirmed.