Bitcoin go to $8000 soon look this fractal

[pamsugas]

THIS IS A VERY BEAUTIFUL FRACKTAL BY @Stillman_Crypto




I think everyone should know this fractal, bitcoin is already below and will soon recover quickly above $ 8000.
I found this chart on https://www.newsbtc.com/2019/11/27/eerie-bitcoin-fractal-suggests-bottom-6600-surge-8000/

[strunberg]

Personally based on my own analisys, i am still not sure bitcoin will reach $8k in near future. On daily chart, based on candlestick and price action analisys there is no sign for price reversal yet at this moment. And if rise , maybe it caused some day trader buy bitcoin for short trading. We will see it will hit $8k or maybe hit bottom on around $5k7.

[rez303]

This is not necessarily true. I know this fracktal is quite nice but talking about the power of cows is not strong enough because it is drawn on short time frame. This is not a big time frame, strong fluctuations need to be represented on time frames like H4 or Daily. Since then it has promoted its maximum strength. so I'm still quite skeptical about this.

[panganib999]

Could and could not happen. Can't really state something to happen since literally ANYTHING could happen. Based on what I think or what I've observed, a comeback is possible, but the bulls need something, a certain something to push the momentum they currently have. A reversal can currently take place, but if the bulls fail to take it, then bears would obtain the advantage once more.

[Assface16678]

Could and could not happen. Can't really state something to happen since literally ANYTHING could happen. Based on what I think or what I've observed, a comeback is possible, but the bulls need something, a certain something to push the momentum they currently have. A reversal can currently take place, but if the bulls fail to take it, then bears would obtain the advantage once more.

If you try to look at the graph of the bitcoin, it is not pleasing on our eyes because the price is slowing down, and we cannot do anything wait again for another month or year for waiting at the price goes up and profitable. There is a chance that the bitcoin price may go down over 8 thousand dollars for the coming year. Still, we are hoping that we will have an excellent new year for the excellent amount of the coin.

[target]

It has to go that high before going down again. But its really it has to go up eventually, the market is so ripe, the delays is getting people so impatient already lol

I wouldn't sell this time when it hits its peak in the daily chart, its yet not over sold in the daily chart but so its still rising but scalpers will sell when they see in the 1hour chart are already good to take profit.

[barota]

bitcoin can easely recover level 9000 usd . if prices rise above level 7500 usd people will start buying again their bitcoin that already sold it before some days . traders should creat another hope because of end year that prices can rise a lot

[leowonderful]

I'm not a big fan of fractals as a whole because market conditions tend to differ between when the first instance of the fractal plays out that you're comparing to the present, but I do like that the Twitter user who tweeted this pattern out (link to tweet) points out the differences in structure between these two events based on this current pattern being a bull market correction and the earlier instance being one in a bear market, though this one seems to have played out with an additional long wick downwards to form what seems like an iHS on timeframes like the 1H before heading back up. This seems to be losing a bit of steam and we could have a swing high on the hourly at the moment, but it seems like this fractal did play out.

[Twinkledoe]

Could and could not happen. Can't really state something to happen since literally ANYTHING could happen. Based on what I think or what I've observed, a comeback is possible, but the bulls need something, a certain something to push the momentum they currently have. A reversal can currently take place, but if the bulls fail to take it, then bears would obtain the advantage once more.

Yeah, I agree. It is a mere speculation and prediction only. No one can truly give the precise value and when will it happen. Crypto surprises us the movement. Up and down movement, not even 24 hours. But for now, let's enjoy the moment that it is going up. 

[1Referee]

$7800-$8200 is a range I will happily take on an extra short. I do not think that the price has any chance of closing a weekly candle above the $8000 level.

The only positive part about the current move is that there is some volume being generated, but volume being generated is not a reliable indicator on its own. The badass $3000 move we had was accompanied by very impressive volumes globally, but to no avail. Thus far all we have done is confirm a longer term down trend with lower highs.

The 21EMA on the daily that's sloping down will guide the price further lower. In other words, this is a sucker's increase.

[nreal]

I notice the similarity in price of bitcoin at the moment and at the end of November 2018. I think bitcoin will recover to 79xx and fall deeper than the previous bottom of 65xx. Does anyone have the same opinion as me?

[Hallmader]

Do we even have to go through very complicated analysis, lines, and shapes before knowing that Bitcoin will go to $8,000 soon? What I mean to say is that $8,000 is just a few hundreds away from now. We could easily reach that any day or even any hour from now. I believe the short term bottom was already reached when Bitcoin fell to $6,000+ days ago. After that, the lines are pretty much going the opposite way.

[bassbity]

I believe bitcoin will soon reach $ 8,000. That's my current analysis with today's surge to $ 7500. It will be easy to go up again, because I think bearish has been missed in the past few days so now it will grow even better.
But I don't mind much speculation that is further than but I'm positive with my thinking.

[EdvinZ]

Personally based on my own analisys, i am still not sure bitcoin will reach $8k in near future. On daily chart, based on candlestick and price action analisys there is no sign for price reversal yet at this moment. And if rise , maybe it caused some day trader buy bitcoin for short trading. We will see it will hit $8k or maybe hit bottom on around $5k7.

The cost of Bitcoin today was $7655. Given the fact that a few days ago the price of digital gold was only 6500 dollars, then I venture to assume that it will not be difficult to reach $8000 for this asset. Every day we see changes in the price of digital gold not less than 400 dollars. This very volatile time of Bitcoin price is liked by many experienced traders.

[nicolas1979]

I believe this not a good time to say that, bitcoin will go down at lest 6K, depend my analyze of course. I use MACD with weekly - monthly setting and will recovery again in middle of 2020, maybe my analyze not accurate but this is my best and I should support it. End of the year will create big exchange from bitcoin into currency and until now no good news about bitcoin. So. think twice before enter the market and see you next year.

[NeuroticFish]

bitcoin is already below and will soon recover quickly above $ 8000.

Give us a better time frame. A day, a week, a month? "Soon" can mean anything.
With a clearer time frame we'll know, when that period has passed, how good this prediction was.
Until then I can hope you're right, but I'll still stay cautious.

[kolonel_x]

I think everyone should know this fractal, bitcoin is already below and will soon recover quickly above $ 8000.

Immediately going towards $ 8000 in the next few days, bitcoin has recovered since yesterday it will not be bearish or a decline that will go down to $ 6000 instead this will increase even more I see the market movement is pretty good today, any news I will believe if true bitcoin will goes up.

[uray]

I notice the similarity in price of bitcoin at the moment and at the end of November 2018. I think bitcoin will recover to 79xx and fall deeper than the previous bottom of 65xx. Does anyone have the same opinion as me?

The market will recover and it is recovering as i write but i am not expecting the market to go down further than this, we have a good support at $6400 and until and unless there is a huge sell off during those time then we might not see another drop, it all depends on short term traders about how low they wanted to sell the coins.

[Murat]

This is not a good way to make any statement about the price of Bitcoin, we all know what's going on in this cryptocurrency system, Based on the recent time's market, I don't have any expectation about the price, I had a belief that Bitcoin price would get high because of passing 10th years anniversary of the Bitcoin, not only that but also I thought that every November and December are a good time for raising the price but still I don't see any signal regarding this issue, so it's getting difficult to say Bitcoin price will rise again and it will go above 8k.

[Dart18]

Looking forward for that to happen.
It needs to bounce back for all this FUD to stop.

They are using it to manipulate the market and spreading all over the social media.
There is always a larger chance for a pump after a certain fall.
I am vouching also that it will happen soon before this week ends.