New ATH then correction of 35%+

[buwaytress]

Same. It's funny that this state of affairs leaves all the best opportunities for those who have an excess of free time and who, in a sense, can be called idlers  However, I think that trading becomes good starting from the middle distance, everything else is casino/luck.

Well, I never like to look down on any kind of activity. I'm no elitist, and I know I've been there before too. Spent probably my first few weeks before I ever came into this forum hunting for faucets and then burning them all up on silly casino games. It's all good. Trading, speculating, it's all part of demand and that plays its role in the "ecosystem" one way or other =)

[error08]

I've added an edit to the OP as follows...


Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first!  

Wow, that seems to be a good news, let's see if that would continue and it will bring the price closer to $20,000, honestly, I'm already negative that we will see $20,000 this month, I thought there's not hype anymore and the price will just correct soon.

I hope I'm wrong fellas.

The Bitcoin pattern has been repeated several times in the last 2 months, trying to break the $ 20k resistance level. The bulls are still not safe here, it drops towards the triangle support and consolidates to find support again to eventually break up. Bitcoin is obviously against a big resistance around the $19,4/6 levels which won't break easily and the attempt to break $20k still not seen as bitcoin has not hit above $19,5 again.

[xhomerx10]

I've added an edit to the OP as follows...


Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first!  

Wow, that seems to be a good news, let's see if that would continue and it will bring the price closer to $20,000, honestly, I'm already negative that we will see $20,000 this month, I thought there's not hype anymore and the price will just correct soon.

I hope I'm wrong fellas.

The Bitcoin pattern has been repeated several times in the last 2 months, trying to break the $ 20k resistance level. The bulls are still not safe here, it drops towards the triangle support and consolidates to find support again to eventually break up. Bitcoin is obviously against a big resistance around the $19,4/6 levels which won't break easily and the attempt to break $20k still not seen as bitcoin has not hit above $19,5 again.

 It's already back to test the $19,500 waters.  I think smoothie might be onto something here.

[Saisher]

You heard it here first.

 

edit - Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first!

I hope not that 35% correction but a dump or crash and we can consider this a repeat on what happen in 2018, I believe we are more matured now and we are ready to take the market to a lot of milestone so selling it after another all time high is not good for the industry, we need to think long term and embrace it.

[Hippocrypto]

You heard it here first.

 

edit - Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first!

I hope not that 35% correction but a dump or crash and we can consider this a repeat on what happen in 2018, I believe we are more matured now and we are ready to take the market to a lot of milestone so selling it after another all time high is not good for the industry, we need to think long term and embrace it.

Everybody should avoid being greed this time, and thinking about long term we really need to grow and learn seriously. Not even bothered with different speculations and negative comments. Because if you just have the desire by your own, the entire community will not benefit; though we gain good but not sustainable. I don't see something's gonna trigger crashes same with 2018, but let's be careful with our decision making while btc is on recovery state.

[globalpain]

You heard it here first.

 

edit - Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first!

I hope not that 35% correction but a dump or crash and we can consider this a repeat on what happen in 2018, I believe we are more matured now and we are ready to take the market to a lot of milestone so selling it after another all time high is not good for the industry, we need to think long term and embrace it.

35% dump for Bitcoin is very deep, this is like what happened when the price of Bitcoin reached its All time high in 2017,
and dropped to $ 10k in 2018, of course if this happens again in the next ATH bitcoin,
then everyone will say that Bitcoin actually become a bubble. thats a scary!

[maydna]

~snip~

but i think not in this year to happen?mid of next year or till 4th quarter.

It could be. But that will be no problem for me to wait for the next year because I have many times to buy more before the price increase.

~snip~

If we will make ATH for sure it will be dump back again because too much waiting and stress is what people get this past months.

That is what we already saw with the last ATH. The price rise so high, and then the price is down slowly, and sometimes, the price is dump back. So in the next ATH, I guess that will happen again, so we need to anticipate that moment, especially for people who already got that experience before. We can profit before the price gets dump too hard, but don't be greedy to take profit.

[Reatim]

You heard it here first.

 



edit - Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first!

In some altcoins this is closer to happen specially XRp in which falls down19% this week alone and continues to drops value over night.

But i'm looking for Bitcoin to happen this speculation because i believe that investing in this currency is more valuable than other altcoins.

so having them more is much prettier than having Shitcoins like XRP and other coins similar to those BS coins.

[Janation]

Maybe next year.

I am not really hoping that it will reach a new ATH, I mean I am but then it seems it cant and then it can and then it cant so I don't know. If it happens, it happens. It is not like I will be selling all of my Bitcoins, maybe just some of them and use it to celebrate the exit of this worst year and welcome a new and maybe prosperous year.

[shoreno]

Maybe next year.
I am not really hoping that it will reach a new ATH, I mean I am but then it seems it cant and then it can and then it cant so I don't know.

upon reading this my reaction is changing from this > to this > and then this > to this again > and so on . confusing isnt it ? but who wouldnt be ? we know btc .

If it happens, it happens. It is not like I will be selling all of my Bitcoins, maybe just some of them and use it to celebrate the exit of this worst year and welcome a new and maybe prosperous year.

ouch . i dont blame you for saying that this year is worst coz i know there is covid and many popular personalities passed out but not because of covid and others... but for the crypto the year isnt that bad because as we see we finally reach this prices again and it took almost 3 years for this to happen but lets hope that next year are going to be more better than this year .

[UnDerDoG81]

Also expecting a dump once we hit 20.467$  just gut feeling...

[Coin_trader]

I don't know where you got that prediction but 35% is worse and I don't think it's going to happen not many people here are going to sell their coins for profit that early, it's just unimaginable Bitcoin has attained a lot just to get dump after another all time high, I hope things will be different and we don't repeat the same mistake.

Technical analysis is the key and this is his personal prediction. In every ATH, there's always a correction or else it will not called an All Time High if the didn't go below again and just continue rising. The 35% he mention is the standard correction using fibonacci. There's nothing odd about because most of the traders knew it. The only thing questionable here was the price of ATH.

[boltz]

Bitcoin just did all time high crossing over 20k$ and is currently around ~20290$ which is crazy! This happened a couple of minutes ago and it keeps going up as the resistance is no more! We might even hit over 21k$ today as this rally has a lot of fuel behind it.

[smoothie]

Happy 20k everyone!

This may be the ATH breakout and then breakdown I originally spoke about. See my last post about my definition of ATH and let's see if early next year we get a 30-35% correction as people capitalize on tax deferral into 2022 by selling in 2021 January.

[STT]

Do they need to sell by end of 2020 to do that and that would just be one country the USA I presume or maybe multiple ones use this date, more common would be april 2021 as a deadline I guess.     I do have a top but all the same price does seem very bullish and its hard to predict where the momentum will stop .   It has regained all the averages I follow short term and is coming against a trend it held since Nov start when we rose so fast, 2nd attempt today is occurring here.    As always I will look at daily and weekly bars for greater significance and accuracy but it seems valid in more then just hourly trade basis this conflict into an old trend could be temporary.
   If I look at dollar for a wider take, its generally losing ground day to day and previously broke below a range negatively.   In 2021 I do expect a lower move and a gain by opposing forex FIAT.

[batang_bitcoin]

This is what we call prediction. 

Happy 20k everyone!

Happy $20k too. How much that would be if it corrects around 30%-35% on next year? $12k-$14k?

Bitcoin just did all time high crossing over 20k$ and is currently around ~20290$ which is crazy! This happened a couple of minutes ago and it keeps going up as the resistance is no more! We might even hit over 21k$ today as this rally has a lot of fuel behind it.

Preev's price saying it's $20,840.

[KTChampions]

Same. It's funny that this state of affairs leaves all the best opportunities for those who have an excess of free time and who, in a sense, can be called idlers  However, I think that trading becomes good starting from the middle distance, everything else is casino/luck.

Well, I never like to look down on any kind of activity. I'm no elitist, and I know I've been there before too. Spent probably my first few weeks before I ever came into this forum hunting for faucets and then burning them all up on silly casino games. It's all good. Trading, speculating, it's all part of demand and that plays its role in the "ecosystem" one way or other =)

Perhaps you misunderstood me - I'm not an elitist either. I have full time work and full time life and I envy those who have a lot of free time, I do not look down on them.
I agree with you about the development of the ecosystem - for the most part in the initial stages, development occurs due to the activities of enthusiasts and people who just spend their time for fun.

[fortunecrypto]

Happy 20k everyone!

This may be the ATH breakout and then breakdown I originally spoke about. See my last post about my definition of ATH and let's see if early next year we get a 30-35% correction as people capitalize on tax deferral into 2022 by selling in 2021 January.

We are now setting new records I hope that 35% correction will not happen it's just to huge it's more like a big crash, it will not happen if the holders do not sell, yes they can sell some but not ll of it or half of it, we do not have the luxury of going down to the $15000 then coming back again, it's like we are starting all over again.

[Botnake]

Happy 20k everyone!

This may be the ATH breakout and then breakdown I originally spoke about. See my last post about my definition of ATH and let's see if early next year we get a 30-35% correction as people capitalize on tax deferral into 2022 by selling in 2021 January.

We are now setting new records I hope that 35% correction will not happen it's just to huge it's more like a big crash, it will not happen if the holders do not sell, yes they can sell some but not ll of it or half of it, we do not have the luxury of going down to the $15000 then coming back again, it's like we are starting all over again.

If we have survived from a big correction in the past, I think we will if it will happen.
Don't be afraid or get worried with the correction, it has already become a normal in the market now.

If bitcoin will stop at $25000, then we will have to dump at $16,000+ and we will be stable at that price.

Please get yourself used to it as it's how the market move.

[buwaytress]

Perhaps you misunderstood me - I'm not an elitist either. I have full time work and full time life and I envy those who have a lot of free time, I do not look down on them.
I agree with you about the development of the ecosystem - for the most part in the initial stages, development occurs due to the activities of enthusiasts and people who just spend their time for fun.

Oh, no, I don't think I was calling you elitist, I just have experienced myself (not directed at me but at others) the disdain for others doing those... menial tasks of "earning". I don't do them myself and if I could advise people, would also tell them to avoid it.

But we can't ignore how all these people and their tiny contributions in some way helped Bitcoin get the foothold it needed in the first place.

It's still nice to see people having fun and using Bitcoin today too.