Bitcoin to $5k? Tone Vays

[el kaka22]

I was doubting what he said but maybe he was more right than I assumed, dude maybe knows what he is talking about looking at how the bitcoin has been moving in this past week.

I still think 5k is too low for bitcoin to reach but it may get close to it one day if it continues the decline this way. This shows people how we should not have prejudice against people like tone, I was like that and I thought "who is he and why would I care about his predictions?" but now looking at whats going on I feel like dudes interview got featured for a reason because he must be someone known and maybe he knows what he is talking about. I feel like there is a silent barrier around 6k where if it goes under that then we might be in a free fall to 5k but if not breaking 6.5 anymore then we can keep going up.

[Adpump ICO]

I'm not saying there's no chance for it, of course there is but just like others speculation, it's not guaranteed that it could happen. That is just a theory formed based on their observation, analysis, etc. Anyone can do it and have their own theory. Even I, thought the price are also heading it's way to less than $6k since the $7k resistance has been broke and goes down but the price recovered and back at $7k again. That says it all, no one can predict accurately because of market volatility. It's up to you if you are going to believe other words or believe yourself first.

You're completely right, and Tone is also saying it's not guaranteed and that of course $6,500 could be the low. You'll hear him say "It's possible" repeatedly in his videos, just like when we were at $7,800. In the video, and many at least others, he's speculating that the highest probability scenario is for the price to go to the $5K area. I have theories ranging from anywhere between $2,500 and $6,500, but most longer-term signs for me point to $4K-$5K. Which I find it hard to believe personally, but that's at least what analysis as shown me.

That aside, I'm more interested in time based analysis surrounding the halving, than price based right now. I think it will become increasingly relevant in the coming months.

so can you share your analysis in terms of halving?

[Reid]

It will be good if that really happens.
Taking out the small investors when they shake their hands in panic. 
A good buy opportunity for the rest of us who are willing to risk their money in exchange for a higher amount of bitcoin.
I do. I will. Hoarding more of it will mean good in the future when all of a sudden the price pumps again.

[JohnBitCo]

It will be good if that really happens.
Taking out the small investors when they shake their hands in panic. 
A good buy opportunity for the rest of us who are willing to risk their money in exchange for a higher amount of bitcoin.
I do. I will. Hoarding more of it will mean good in the future when all of a sudden the price pumps again.

Every time we see people say that let bitcoin come down and we shall buy but they never buy and wait for it to be more low value which cannot happen.
Where were all those people when bitcoin was 3K. Why didn't they buy that time ? Those who don't wana buy keep on expecting bitcoin will come again low for them to buy , the cycle keep repeating and they do not buy.

[dragonvslinux]

I'm not saying there's no chance for it, of course there is but just like others speculation, it's not guaranteed that it could happen. That is just a theory formed based on their observation, analysis, etc. Anyone can do it and have their own theory. Even I, thought the price are also heading it's way to less than $6k since the $7k resistance has been broke and goes down but the price recovered and back at $7k again. That says it all, no one can predict accurately because of market volatility. It's up to you if you are going to believe other words or believe yourself first.

You're completely right, and Tone is also saying it's not guaranteed and that of course $6,500 could be the low. You'll hear him say "It's possible" repeatedly in his videos, just like when we were at $7,800. In the video, and many at least others, he's speculating that the highest probability scenario is for the price to go to the $5K area. I have theories ranging from anywhere between $2,500 and $6,500, but most longer-term signs for me point to $4K-$5K. Which I find it hard to believe personally, but that's at least what analysis as shown me.

That aside, I'm more interested in time based analysis surrounding the halving, than price based right now. I think it will become increasingly relevant in the coming months.

so can you share your analysis in terms of halving?

I don't have any specific analysis for the halving, price wise at least*. Predominantly because the event only happened twice, and personally I wait for a third confirmation for a pattern as I follow my own strict statistical theory of: 1 is an anomaly, 2 is coincidence and 3 is a pattern. Especially since the 12 months leading upto the third halving has been very different price action than what we saw the first and second time. Hence I don't have specific analysis published re halving, even if I do have related bull(ish) theories of accumulation leading upto the event. That said, I'm also a hypocrite and believe the long-term accumulation zone is between the 2 & 4 Year MAs, although this has only happened twice, so go figure

Halving analysis aside, nearly all of my long-term analysis points to the low arriving before May 2020, between $2,500 and $6,500. I think the best way to analysis the halving is how a bottom could be formed around it, leading up to it, or because of it - with time-based analysis - as opposed to price-based. This I haven't done yet but intend to.

*On a personal note, my havling strategy is dollar cost averaging 6-month leading into the halving (Nov 14th 2019 - May 14th 2020), with the intent of continuing for 6-month following the halving (May 14th - Nov 14th 2020), as long as the price isn't capitulating, otherwise I'd be expecting $2,500 (that I give a 2% chance of happening for reference sake). This is in addition (and separate) to my price-based averaging between $4,500 and $6,500, meaning that I'm aggressively accumulating right now, as both time and price targets have been met.

[Pamadar]

It will be good if that really happens.
Taking out the small investors when they shake their hands in panic. 
A good buy opportunity for the rest of us who are willing to risk their money in exchange for a higher amount of bitcoin.
I do. I will. Hoarding more of it will mean good in the future when all of a sudden the price pumps again.

Will be good indeed for optimistic investors who are capable of holding and keep their assets inside their wallets. Weak holders will be doomed if they will see that the value will keeps on dropping. There's no way for this people to hold fearing that the entire investment will be washed away. In the meantime, positive investors will keep accumulating in order to hold more and earned lots of benefits.

[blckhawk]

His speculation could make sense since whales are always there, ready to dump the prices once again before the actual halving. I just thought that he is too pro-Bitcoin. He holds on it to his life, and that could instill bias on his opinions. And although no one could really predict the price trend after the halving, it would most likely to be bullish since it has been observed in the past.

[danherbias07]

Any price could be possible.
The real problem here is making FUD. It is somehow a strategy of those who are holding bitcoin with large amounts.

Just like this.
You could see that he is still positive with the outcome. Telling strong hands to keep it and the weak to sell it now and buy back at low price.
But we all know that would not happen.

[nhbaonghi]

very probably though noone knows about the future. However, as long as ponzi scam projects from China continues to sell off their BTC, it is really hard for us to see the growth of BTC. In my opinion, I also think $5k is the bottom of BTC price, and the whole market will have a massive growth in 2020-2022 the same as what we witnessed from 2015-2017

[bitbunnny]

I don't follow that so called Bitcoin experts and don't stick to what they say. Personally I think people give too much attention to such announcements.
Further corrections of price are possible, that is true however I don't expect that price will fall as low as 5000$. To my opinion it will not go below 6000$ if another correction happens. In opposite case we might even reach 8000$ by the end of the year.

[codegnome]

There are many who are waiting for bitcoin to come to 5000$, so that we can buy it. But 7000 USD is proving to be a strong support for bitcoin and seems like our dream for 5000 USD bitcoin will never be a reality.

[darkangel11]

If you're quoting this guy's TA I'll ask you a question:

Was Tone Vays ever right?

Last year he was predicting the low of 1k. We only touched 3k.
Then when we bounced back he predicted the recovery to 7k, we went to 14k.
Now he was predicting 5k when we were at 8, but we only went down to 6.5k.

[kesmex]

There are many who are waiting for bitcoin to come to 5000$, so that we can buy it. But 7000 USD is proving to be a strong support for bitcoin and seems like our dream for 5000 USD bitcoin will never be a reality.

I hope it won't be touched, I myself am worried about the decline in bitcoin to $ 5,000,
but some of the traders are certainly happy to see strong support touched

[pixie85]

I don't like Tone's predictions because he's too bearish for me but he's still better than some shitcoin propagators like Richard Heart who claim to be objective.

I looked at the chart and we are witnessing a nice pump attempt on Bitcoin. For now it's nothing special but if we could go above 8000 with it we could watch a big breakout in the next few days. Christmas rally anyone?

[philipma1957]

Last i looked it is a lot closer to 8k then 5k.

[Kelvinid]

There are many who are waiting for bitcoin to come to 5000$, so that we can buy it. But 7000 USD is proving to be a strong support for bitcoin and seems like our dream for 5000 USD bitcoin will never be a reality.

I hope it won't be touched, I myself am worried about the decline in bitcoin to $ 5,000,
but some of the traders are certainly happy to see strong support touched

Actually, not bad even to see Bitcoin will drop down to $5k again. Besides, we don't have a good start this year, we had $3k last January( correct me if I'm wrong) and even the price will touch to $5k I couldn't think that we've been worried so much. This is all about market volatility, we don't want to turns like that bit we can't hold it. Only I could say, we have to stay positive and look for a better opportunity when the market drop again.

[exstasie]

Last i looked it is a lot closer to 8k then 5k.

I won't be celebrating until:

1) We breach this yellow downtrend line.
2) We establish a higher high > $10,350 Bitstamp. Until that happens, it's still all lower highs and lower lows.



The June-December downtrend is potentially over already but we need some proof.

[STT]

Seems a very strong open right now, see if it holds or fails and disappoints.    Tone has very possibly cursed the bears with his prediction of lower, maybe he knew his power and meant to do it.



Above lower fib level, above prior channel down, above moving averages.  Seems its got to be taken as positive right now, short term.  50 day is 7777 i think

[kro55]

Everyone in crypto world is free to give his/her opinion. Tone Vay predicting that because earlier this year bitcoin went down below 4000$ and then came back strongly to 12000$. My friend history of bitcoin not always repeats in same manner. Buy when you think it’s right time to buy and sell when you think you are getting enough profit. I never pay any attention to such predictions.

[drachman]

I was doubting what he said but maybe he was more right than I assumed, dude maybe knows what he is talking about looking at how the bitcoin has been moving in this past week.

I still think 5k is too low for bitcoin to reach but it may get close to it one day if it continues the decline this way. This shows people how we should not have prejudice against people like tone, I was like that and I thought "who is he and why would I care about his predictions?" but now looking at whats going on I feel like dudes interview got featured for a reason because he must be someone known and maybe he knows what he is talking about. I feel like there is a silent barrier around 6k where if it goes under that then we might be in a free fall to 5k but if not breaking 6.5 anymore then we can keep going up.

The resistance at 7000 is proving to be formidable, most likely this has to do with the halving, as soon as the price goes down there are many buyers willing to take the bitcoin out of the hands of those that want to get out of the market, but at the same time the price is finding huge problems to grow, so it seem we are going to be stuck at the current levels for a long time, for traders this is a bad scenario but for investors this is a dream come true, we will be able to buy bitcoin for months for a price that is somewhat stable.