TA shows potential bullish breakout - if history repeats

[freedomgo]

Following the ups and downs from before shows a similar pattern where the next stage is a nice pump and a huge green candle.

If it does indeed repeat then buying now would be a rather profitable move

Don't rely on charts to much dude it failed me many times, that's why i only use my instinct of when is the time to buy and when is the time to sell and just follow the rules of buy when low and sell when high that's it, cause i believe that trading is the game of waiting.

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

[Silberman]

I am impressed when the price drops a lot, analysts seem to say that the price will drop a lot, when the price rises a lot, analysts appear to say that the price will rise a lot. in case of today's news:

One more Bitcoin price dip? BTC may fall again before 'slow grind up,' warns analyst

are the same people who were predicting $100,000 for this year

We all know that the business of Bitcoin price prediction is a funny and uncertain game. Everybody could give his out-of-nowhere prediction. Others could provide technical analysis as a back up for their own set of predictions. There are also fundamental reasons for others to predict. There are also those who are making predictions out of different bases like stock to flow, floor, on-chain, etc. But all these predictions have one thing in common and that is uncertainty. They're all nothing but guesses.

And the funny thing is that the price moves up and down based on the actions taken by the people making those predictions, after all if someone predicts the price will go down then it is natural they will sell, and if someone predicts the price will go up then it is natural they will buy, so the movements of most assets depend on how the demand moves, and this depends on the individual prediction each market participant makes, so when the majority of them predict a move up and buy an asset then a growth in the price is produced, this is the reason the markets are completely unpredictable as each person on their own can come to their own conclusions about what is happening in the market now and what it will happen in the future.

[ShowOff]

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

[Silberman]

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

I think it should be obvious by now that it is going to be very unlikely that we are going to see a repetition of what happened at December of 2017 during this month, however this is not as bad as people are thinking, after all even if we saw bitcoin reaching new ATHs back then that was also the beginning of the crypto winter we had to survive, so as long as we do not see bitcoin crashing like what we saw back then I will be satisfied with whatever result we get.

[AliMan]

It's been so many times I've seen how unpredictable bitcoin market was, that's why I don't wander if same pattern will continue to exist. Though it seem very challenging to many of us who been following the footsteps which we been continuously taking path with, because all the efforts and patience was really rewarding when perfect time comes for our target. Technical analysis is very important even if there's no perfect projections.

[STT]

It only  has to discontinue the pattern of falling and it should rise from this alone.   We have a series of lows confirming some support below, maintaining that over days and weekly bars will bring bullish action.   I dont imagine it performs so simply but thats the foundation of how markets cycle between periods of selling, there is the outside factors of larger markets and the dollar itself to consider
  3 central banks meet this week, the largest in the world it can be no news or changing for the stance of the next year.  Just the anticipation of that possibility will already have had an effect in caution and less trades risked before the news events.

[Yaunfitda]

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

I think it should be obvious by now that it is going to be very unlikely that we are going to see a repetition of what happened at December of 2017 during this month, however this is not as bad as people are thinking, after all even if we saw bitcoin reaching new ATHs back then that was also the beginning of the crypto winter we had to survive, so as long as we do not see bitcoin crashing like what we saw back then I will be satisfied with whatever result we get.

Yeah, because we have been what? reaching ATH twice already for this year.

Maybe we already reach the top on the $68k ATH or maybe there will be enough push next year but definitely not in December. So the pattern has broken already although as I have said, we still have 2022 to look forward for a still bullish momentum and not comparable to 2017 wherein it was the start of a bearish trend. So let's see how it goes, I'm looking forward already for 2022 and be ready for anything, (bull trend continue or start of a bear market).

[Vaculin]

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

I think it should be obvious by now that it is going to be very unlikely that we are going to see a repetition of what happened at December of 2017 during this month, however this is not as bad as people are thinking, after all even if we saw bitcoin reaching new ATHs back then that was also the beginning of the crypto winter we had to survive, so as long as we do not see bitcoin crashing like what we saw back then I will be satisfied with whatever result we get.

No matter what the path bitcoin will take this year, i think we don't have choices really but to accept it as there's no way we can control the price of bitcoin. But i do believe that history won't be repeated this year since we are already close to year end but bitcoin still bouncing its price below $50k. But i chose to be optimistic despite of the current market condition and just start maximizing my purchase while bitcoin price is still in correction. Hopefully, if we can't see new ATH this year, probably it will be more visible by 2022.

[Finestream]

The bitcoin market seems very different today compared to its previous years and history may not work this time as bitcoin is more dumping its price when it should be rising to reach new heights. But still, knowing the fact that bitcoin is even more unpredictable and surprises may come when we least expect it, so i'm not closing my mind that history has still its chance to repeat itself before this year ends. Well, we will only know once we get there. For now, stay optimistic and never resort into panic selling no matter what.

History may repeat itself, but it may also be different from what happened. Expecting ATH during December is hard to come true as I think people are already wary of the downside about a potential bigger dump. If maybe ATH is not reached this December then I believe the market will experience a rapid correction in the end.

The market is still very difficult to predict, while the new variant of covid greatly disrupts price growth because there is a close corelation with stock investors. We can only hope at a time although it looks like it will be difficult this year to $100K.

I would not hope for bitcoin to reach $100k this year as its very hard for it to achieve considering its market condition. But i do hope that after all these price declines that we are witnessing, we will still end up this year with bitcoin price at $70k at least. So that gives the reason to celebrate for those who bought bitcoin when it was $45k below or even $50k below.

However, bitcoin will not stay for long having its price corrected, it will eventually skyrocket to the moon again and end up having its new ATH. But that will be good by next year as bitcoin always proved to us that it will always regain its momentum no matter what.

[ShowOff]

I would not hope for bitcoin to reach $100k this year as its very hard for it to achieve considering its market condition. But i do hope that after all these price declines that we are witnessing, we will still end up this year with bitcoin price at $70k at least. So that gives the reason to celebrate for those who bought bitcoin when it was $45k below or even $50k below.

To reach $100K by the end of this year, we need very strong support from institutional investors whose investment can drive a lot of demand for coin in the market. Microstrategy via Michael Saylor announced that they had spent enough money to buy an additional 1434 bitcoin some time ago at an average price of $57,477 per bitcoin. It was a strong encouragement before the end of the year but the market was affected by the FUD leading to further correction. So it would be hard to see the price going as high as $100K this year although $60K - $70K is still possible for the rest of the day in December.

However, bitcoin will not stay for long having its price corrected, it will eventually skyrocket to the moon again and end up having its new ATH. But that will be good by next year as bitcoin always proved to us that it will always regain its momentum no matter what.

I'm not too sure about 2022, but things could turn out the other way around even though we know that historically bitcoin could hit higher price than ATH before.

[asrinur]

More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.

[Silberman]

More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.

The potential is still very high for bitcoin to continue its growth during the next year, it is just that there are some external factors that are slowing down this process, for example we know the new strain of the virus has all the leaders of the world worried about it, and now it seems there is new scientific evidence coming out hinting at the possibility that the current vaccines are not going to be good enough to stop this new strain and that maybe new ones are going to be needed, and without a doubt this is going to slowdown the growth that we were expecting out of bitcoin.

[Baofeng]

More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.

The potential is still very high for bitcoin to continue its growth during the next year, it is just that there are some external factors that are slowing down this process, for example we know the new strain of the virus has all the leaders of the world worried about it, and now it seems there is new scientific evidence coming out hinting at the possibility that the current vaccines are not going to be good enough to stop this new strain and that maybe new ones are going to be needed, and without a doubt this is going to slowdown the growth that we were expecting out of bitcoin.

Hopefully this will be the case, in any case though, I would prepare myself for the eventuality of a bearish trend for next year, just saying. The new strain of virus that has affected us has been in the news for weeks now, but now it should have settled down. But instead there could be other reasons as well, like we are really entering a new phase which is bearish, just saying.

[jaberwock]

Following the ups and downs from before shows a similar pattern where the next stage is a nice pump and a huge green candle.

If it does indeed repeat then buying now would be a rather profitable move

From the time of you posted this, bitcoin market started to behave like repeating the history and it is into sideways movement around $51k levels which again may launch the prices into next resistance region which may happen around $58k levels and after having some more sideways between $56k to $58k levels, it may start the rally toward new ATH which might be above $70k levels.

As of now, I as well started to believe into the concept of repeating of history even in short time frame. It would be too good if you keep on posting similar speculations to help this community to understand where the bitcoin market is heading.

[ultrloa]

More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.

The potential is still very high for bitcoin to continue its growth during the next year, it is just that there are some external factors that are slowing down this process, for example we know the new strain of the virus has all the leaders of the world worried about it, and now it seems there is new scientific evidence coming out hinting at the possibility that the current vaccines are not going to be good enough to stop this new strain and that maybe new ones are going to be needed, and without a doubt this is going to slowdown the growth that we were expecting out of bitcoin.

Hopefully this will be the case, in any case though, I would prepare myself for the eventuality of a bearish trend for next year, just saying. The new strain of virus that has affected us has been in the news for weeks now, but now it should have settled down. But instead there could be other reasons as well, like we are really entering a new phase which is bearish, just saying.

I don't worry that much if bear run comes since before that could happen we have to experience a great bullish trend and it's the time to make the best of our assets to make some profit before the bear comes. This new covid variant somehow doesn't affect that much of the market since I don't find any correlation with it and how would the market behave if there's a new variant since covid in the past doesn't have much of impact to the market when there's just no new variant and no vaccine yet.

[savetheFORUM]

This new covid variant somehow doesn't affect that much of the market since I don't find any correlation with it and how would the market behave if there's a new variant since covid in the past doesn't have much of impact to the market when there's just no new variant and no vaccine yet.

No, the new variant effected crypto market negatively but it seems we are slowly recovering as weak hands are always listening to all FUDs and do react. The good thing is, new covid strain is not as effective as it was projected by WHO still some countries are about to announce lock down restrictions hence we might be having sideways market for few more days before witnessing any upward leaping.

I am also always positive about the repeating of history; let us watch that as per OP's speculation market gets the potential to scale $70k+ this time.

[SquallLeonhart]

It would be too good if you keep on posting similar speculations to help this community to understand where the bitcoin market is heading.

If you noticed there are regular people who are continuously posting such speculations to alert/make use of upcoming upward or downward market trends. All you need to do is, keep on checking this sub board more frequently so that you will get many useful guidelines about upcoming bitcoin market trend changes.

I am also always positive about the repeating of history let; us watch that as per OP's speculation market gets the potential to scale $70k+ this time.

It seems OP must be accurate with their speculation as we already got into the beginning of upcoming bullish trend but not sure how long it will last and where we are going to launch bitcoin prices this time; it could be either new ATH or just another short term bullish wave.

[tokeweed]

Here’s something that could repeat.  If price history could be used as an indicator...



Both initial resitances happened after around a 30% sell down.  First bounce usually is just that, a dead cat bounce before going back down to accumulation mode.  So yeah..  It could be another couple of weeks before we see BTC starts trending up agai.  But that’s if we don’t see it break down below 40k.

[palle11]

This new covid variant somehow doesn't affect that much of the market since I don't find any correlation with it and how would the market behave if there's a new variant since covid in the past doesn't have much of impact to the market when there's just no new variant and no vaccine yet.

No, the new variant effected crypto market negatively but it seems we are slowly recovering as weak hands are always listening to all FUDs and do react. The good thing is, new covid strain is not as effective as it was projected by WHO still some countries are about to announce lock down restrictions hence we might be having sideways market for few more days before witnessing any upward leaping.

I am also always positive about the repeating of history; let us watch that as per OP's speculation market gets the potential to scale $70k+ this time.

On the covid-19 strain, I think it is not affecting price negatively at all and it is already having a traceable history from last year that it helped cryptocurrency to have push and better recognition from the past years. During the covid-19 lockdown, the price of bitcoin appreciated very well so it won't be different if there are conditioning of human interaction. It has not mattered when covid-19 pendamic was at its peak and it won't stop price now. Therefore I think Op speculation is not far from what can happen.

[cryptomaniac_xxx]

This new covid variant somehow doesn't affect that much of the market since I don't find any correlation with it and how would the market behave if there's a new variant since covid in the past doesn't have much of impact to the market when there's just no new variant and no vaccine yet.

No, the new variant effected crypto market negatively but it seems we are slowly recovering as weak hands are always listening to all FUDs and do react. The good thing is, new covid strain is not as effective as it was projected by WHO still some countries are about to announce lock down restrictions hence we might be having sideways market for few more days before witnessing any upward leaping.

I am also always positive about the repeating of history; let us watch that as per OP's speculation market gets the potential to scale $70k+ this time.

On the covid-19 strain, I think it is not affecting price negatively at all and it is already having a traceable history from last year that it helped cryptocurrency to have push and better recognition from the past years. During the covid-19 lockdown, the price of bitcoin appreciated very well so it won't be different if there are conditioning of human interaction. It has not mattered when covid-19 pendamic was at its peak and it won't stop price now. Therefore I think Op speculation is not far from what can happen.

You could be right, but you know that this kind of news will have a short term effect on the price.

Just like what we've seen since the Omicron variant was divulge to the public. The price really goes down from the last all time high we got. But hopefully next year will be different and that the covid-19 will be over so that we can see the market rally again without this news around.