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STT
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December 09, 2022, 11:58:38 PM
Last edit: June 11, 2023, 11:29:32 PM by STT
 #61

Word of the day /weekly or easily imo this month is range.   We're range bound very likely, how we bounce off the edges of this area is how we should define strength or weakness.   Sideways, this price action is serpentine surely.



I imagine the rough timing to estimate a break of this range, regardless of where the bottom price might be estimated would be when the blue line here or 50 day average is ascending.   Either we near that moving average and fail in some way, breaking downwards most likely or we find the change in momentum is enough to bring us upto this rough ceiling of 18k.   Once we have both momentum and have regained a 2nd rung on the ladder of support/resistance levels I think we can estimate a trend bringing us past 20k, etc.   

   I much prefer to guess on progressive change then absolute and sharp alterations to price.  We might have a V shape bottom price but I'd decline to guess where or what that price is, I only want to know when our inertia is once again positive and that should be profitable to pay attention to imo.

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December 13, 2022, 10:38:26 PM
 #62

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.
The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.
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December 20, 2022, 12:52:40 PM
 #63

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.
The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.

I don't think that the whales are going to pump bitcoin in the last 2 weeks. Accept it that the price is going to be just $16,xxx this 2022. There are a lot of events that really pull the price this year and we have to be prepared that next year could be worst for us, or at last this bear market is going to continue.

And we have like 15 more months to have patience in this bear market, because after that, the bull are going to run again. We have just to have till the next halving. On the contrary, keep on accumulating in 2023.

R


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December 20, 2022, 03:16:24 PM
 #64

I don't think that the whales are going to pump bitcoin in the last 2 weeks. Accept it that the price is going to be just $16,xxx this 2022. There are a lot of events that really pull the price this year and we have to be prepared that next year could be worst for us, or at last this bear market is going to continue.

And we have like 15 more months to have patience in this bear market, because after that, the bull are going to run again. We have just to have till the next halving. On the contrary, keep on accumulating in 2023.
First of all we do not know what whales could do. Maybe in the next 10 days they will pump it to 30k? Who knows what they want to do, sometimes they do it, and sometimes they do not do it and just let it be. I personally believe that it shouldn't be this hard to make it work and possibly there is a good chance that it may go up a bit, maybe like to 20k.

Whales have a lot of money to make it go up, but even if they do not do it all by themselves, if whales take it from near 17k levels to 19k levels then the hype it creates could make it go to 20k+ easily as well. Which is why I believe that we should be not so hopeless about how strong whales could help us and how powerful they are.
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December 20, 2022, 04:18:09 PM
 #65

Anyone who understands market cycles would probably firmly believe that bitcoin is not dead and will not die simply because it lost a sizeable price during a bearish phase. I personally am not too worried about the price, in the sense that this volatility is normal even though currently bitcoin has lost 75% of its price since November 2021.

It's too early to judge whether bitcoin will die simply by losing its value, and certainly we are still above the 2017 ATH so the optimism remains. Anything can happen, but the possibility is that we can still go lower so you need to do DCA if you want to invest. 2023 is coming soon so I think the halving will also be getting closer.

First of all we do not know what whales could do. Maybe in the next 10 days they will pump it to 30k? Who knows what they want to do, sometimes they do it, and sometimes they do not do it and just let it be. I personally believe that it shouldn't be this hard to make it work and possibly there is a good chance that it may go up a bit, maybe like to 20k.

Whales have a lot of money to make it go up, but even if they do not do it all by themselves, if whales take it from near 17k levels to 19k levels then the hype it creates could make it go to 20k+ easily as well. Which is why I believe that we should be not so hopeless about how strong whales could help us and how powerful they are.
Well they probably could, but I wouldn't expect too much manipulation. Prices should be able to rise because of increased demand, not just because of the big purchases made by whales. Traders and other investors should have a big hand in each cycle, so I hope the price moves normally.

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December 20, 2022, 04:34:52 PM
 #66

I don't think that the whales are going to pump bitcoin in the last 2 weeks. Accept it that the price is going to be just $16,xxx this 2022. There are a lot of events that really pull the price this year and we have to be prepared that next year could be worst for us, or at last this bear market is going to continue.

And we have like 15 more months to have patience in this bear market, because after that, the bull are going to run again. We have just to have till the next halving. On the contrary, keep on accumulating in 2023.
It's not going to be a fast move for the whales to control the pump by the end of the year I don't think prices will go over 20k towards the start of the year and still stay at current prices, we'll probably continue to see prices continue to $16k until there's actually a positive lead event but for now there is still too much FUD which can cause it to drop again.
Well in the next year we should be able to expect something even better for bitcoin.

Approaching the usual Halving this would be a better sign, we have to be a bit patient to wait for the bulls to wake up, I believe that the bears will be sleeping for a long time.

R


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December 20, 2022, 05:40:57 PM
 #67

The market seems to be in turmoil and the whole narrative of "Bitcoin is dead" thing is taking place. For me, this is probably one of the best signs to buy. The thing is, I do think that this support is most likely to not hold and we risk seeing a further drop to around 10K which is what I think is a great entry point.
How many negative news continues to develop for bitcoin, but also does not stop its journey. Honestly, the news about FUD and the price drop that happened to bitcoin has an advantage for anyone, because it can enter the market within a certain period to buy bitcoin, any news that tries to be narrated for bitcoin will not affect its journey.
People have many perspectives to see the advantages of bitcoin today.

Quote
What are your predictions for this Bear market bottom'st bottom for Bitcoin?
Bullish, Bearish and no idea!!!
the accumulation of predictions will only prevent us from entering the market, because no expert can accurately predict the price of bitcoin.

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December 20, 2022, 05:42:28 PM
 #68

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.
The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.
We don't know yet whether the whales will increase or decrease the price of bitcoin at the end of this year. What we have to watch out for is that if the price is forced back down even further, it will make a lot of people panic even more. This week, the market is still red, so we must be on alert if the market will decline or stabilize at the current rate. Yes, we should be prepared to buy bitcoin again if the price goes down or at the very least, there might be a brief dump that forces the price down but then right back up to where it was. We'll see what happens to the market.
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December 20, 2022, 09:24:49 PM
 #69

I don't think that the whales are going to pump bitcoin in the last 2 weeks. Accept it that the price is going to be just $16,xxx this 2022. There are a lot of events that really pull the price this year and we have to be prepared that next year could be worst for us, or at last this bear market is going to continue.

And we have like 15 more months to have patience in this bear market, because after that, the bull are going to run again. We have just to have till the next halving. On the contrary, keep on accumulating in 2023.
It's not going to be a fast move for the whales to control the pump by the end of the year I don't think prices will go over 20k towards the start of the year and still stay at current prices, we'll probably continue to see prices continue to $16k until there's actually a positive lead event but for now there is still too much FUD which can cause it to drop again.
Well in the next year we should be able to expect something even better for bitcoin.

Approaching the usual Halving this would be a better sign, we have to be a bit patient to wait for the bulls to wake up, I believe that the bears will be sleeping for a long time.
Do you know that nobody knows if the bearish market will continue in 2023, because it's possible for Bitcoin to continue have challenges of bearish season, so for some people who are predicting the time factor of Bitcoin increment and Bitcoin decrement, does not have proper analytical statistics of Bitcoin market cap next year, so therefore i want to tell you that have its regulations depending on the investors who involves into cryptocurrency.

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December 20, 2022, 09:25:22 PM
 #70

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.
The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.
We don't know yet whether the whales will increase or decrease the price of bitcoin at the end of this year. What we have to watch out for is that if the price is forced back down even further, it will make a lot of people panic even more. This week, the market is still red, so we must be on alert if the market will decline or stabilize at the current rate. Yes, we should be prepared to buy bitcoin again if the price goes down or at the very least, there might be a brief dump that forces the price down but then right back up to where it was. We'll see what happens to the market.
If you are that someone who do always mind off about on how or what would be the price of Bitcoin in the end of this current year then you would really be ending up on being that stressful.
So its better to take up for whatever price it would really be ending up for this year.For a speculative market then expect that it would be flooded out by lots of predictions and hunches and speculative approach
into those people who have been engaging through it.For now we cant tell if it would be touching up 20k before this year ends or would really be still remaining into those digits or
numbers that we are currently seeing now.We arent able to see some positive sentiments that would be pushing up the price high atm.

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December 20, 2022, 09:31:23 PM
 #71

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.
The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.
We don't know yet whether the whales will increase or decrease the price of bitcoin at the end of this year. What we have to watch out for is that if the price is forced back down even further, it will make a lot of people panic even more. This week, the market is still red, so we must be on alert if the market will decline or stabilize at the current rate. Yes, we should be prepared to buy bitcoin again if the price goes down or at the very least, there might be a brief dump that forces the price down but then right back up to where it was. We'll see what happens to the market.
At some point investors need to take a decision, it is true the price could go down even further and we could get a better price to buy bitcoin, but at the same time we do not know when that could happen or if it could happen at all, so investors need to really sit down and think about the current price of bitcoin and evaluate if their goals can be reached if they buy now, and since the price is so close to the bottom to me this seems like a good opportunity to buy bitcoin even if a new bottom could be reached.

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December 21, 2022, 11:00:32 AM
 #72

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.
The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.
We don't know yet whether the whales will increase or decrease the price of bitcoin at the end of this year. What we have to watch out for is that if the price is forced back down even further, it will make a lot of people panic even more. This week, the market is still red, so we must be on alert if the market will decline or stabilize at the current rate. Yes, we should be prepared to buy bitcoin again if the price goes down or at the very least, there might be a brief dump that forces the price down but then right back up to where it was. We'll see what happens to the market.
If you are that someone who do always mind off about on how or what would be the price of Bitcoin in the end of this current year then you would really be ending up on being that stressful.
So its better to take up for whatever price it would really be ending up for this year.For a speculative market then expect that it would be flooded out by lots of predictions and hunches and speculative approach
into those people who have been engaging through it.For now we cant tell if it would be touching up 20k before this year ends or would really be still remaining into those digits or
numbers that we are currently seeing now.We arent able to see some positive sentiments that would be pushing up the price high atm.
Yes, you're right, because that will get us into trouble when placing purchase orders. The price of bitcoin will always fluctuate and if we don't determine when and at what price we can buy it, we will always decide too late, resulting in losing the opportunity to get profits in the future. When the bitcoin price drops sharply, the trend continues to decline, and you see, I guess you can place a buy order below now so you're not too late to get those bitcoins. Speculation will surely be out there and each expert will put forward their prediction so that it will be difficult for people to select which prediction they can take. This is why we have to make our own analysis because that can help us know when to buy bitcoins.

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.
The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.
We don't know yet whether the whales will increase or decrease the price of bitcoin at the end of this year. What we have to watch out for is that if the price is forced back down even further, it will make a lot of people panic even more. This week, the market is still red, so we must be on alert if the market will decline or stabilize at the current rate. Yes, we should be prepared to buy bitcoin again if the price goes down or at the very least, there might be a brief dump that forces the price down but then right back up to where it was. We'll see what happens to the market.
At some point investors need to take a decision, it is true the price could go down even further and we could get a better price to buy bitcoin, but at the same time we do not know when that could happen or if it could happen at all, so investors need to really sit down and think about the current price of bitcoin and evaluate if their goals can be reached if they buy now, and since the price is so close to the bottom to me this seems like a good opportunity to buy bitcoin even if a new bottom could be reached.
But if investors still want to hold their bitcoins, they don't need to wait until the end of the year due to the uncertainty of where bitcoin prices will go. They will keep waiting and will not care about what will happen to the market unless the market really crashes deeply. Meanwhile, there will be investors who are hesitating in anticipation of what will come at the end of the year. When they see that the price is not rising, they will be confused about whether to continue holding their bitcoins or sell them piecemeal and eventually exit the market.
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December 21, 2022, 12:25:31 PM
 #73

First of all we do not know what whales could do. Maybe in the next 10 days they will pump it to 30k? Who knows what they want to do, sometimes they do it, and sometimes they do not do it and just let it be. I personally believe that it shouldn't be this hard to make it work and possibly there is a good chance that it may go up a bit, maybe like to 20k.

Whales have a lot of money to make it go up, but even if they do not do it all by themselves, if whales take it from near 17k levels to 19k levels then the hype it creates could make it go to 20k+ easily as well. Which is why I believe that we should be not so hopeless about how strong whales could help us and how powerful they are.
Of course we already know what whales can do. That is they can be able to manipulate the price of a certain coin but we don't know what is running on their minds right now. We are clueless about their upcoming plans. If ever they will pump BTC to $30k then great. Many of us are going to be thankful for them because finally we can sell some of our coins to reward ourselves from the long wait but the rest of our coins are going to be HODL in case there is more to come.

If the price only moves from $17k to $19k then I don't think that can create a hype because for me it was only a normal recovery just like we had last time. The price did even decline right away instead of going for more increases.

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December 21, 2022, 01:30:15 PM
 #74

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.
The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.
We don't know yet whether the whales will increase or decrease the price of bitcoin at the end of this year. What we have to watch out for is that if the price is forced back down even further, it will make a lot of people panic even more. This week, the market is still red, so we must be on alert if the market will decline or stabilize at the current rate. Yes, we should be prepared to buy bitcoin again if the price goes down or at the very least, there might be a brief dump that forces the price down but then right back up to where it was. We'll see what happens to the market.
At some point investors need to take a decision, it is true the price could go down even further and we could get a better price to buy bitcoin, but at the same time we do not know when that could happen or if it could happen at all, so investors need to really sit down and think about the current price of bitcoin and evaluate if their goals can be reached if they buy now, and since the price is so close to the bottom to me this seems like a good opportunity to buy bitcoin even if a new bottom could be reached.
I think investors have smarter thinking and strategies and especially big investors and also longtime investors, and what you need to know is that bitcoin is not easy to predict and for the current price is it going to go down again or not. And what is certain is that the current price is more likely or remains at 16k.
it seems they are worried that the price will drop again which makes them doubt whether this is the right time to buy or wait. And it seems to me that now is the right time to buy them, and if there is any doubt, it is better not to buy everything at once. Because we can buy it back if the price drops again, and also buy it back when the price starts to go up as quickly as possible, I believe a lot of people do this and for the long term. And another reason for this decline is their opportunity to reap huge profits in the future, and they are not going to waste it, it's just that they are still hesitant and also definitely buy it to wait or gradually.

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December 23, 2022, 07:49:45 PM
 #75

I think investors have smarter thinking and strategies and especially big investors and also longtime investors, and what you need to know is that bitcoin is not easy to predict and for the current price is it going to go down again or not. And what is certain is that the current price is more likely or remains at 16k.
it seems they are worried that the price will drop again which makes them doubt whether this is the right time to buy or wait. And it seems to me that now is the right time to buy them, and if there is any doubt, it is better not to buy everything at once. Because we can buy it back if the price drops again, and also buy it back when the price starts to go up as quickly as possible, I believe a lot of people do this and for the long term. And another reason for this decline is their opportunity to reap huge profits in the future, and they are not going to waste it, it's just that they are still hesitant and also definitely buy it to wait or gradually.
The prediction is the part that is hardest and that is why everyone ends up with working towards making sure they are long term eventually. Even the traders that does intraday trading works towards having more and more bitcoins in the long term.

You think their only goal in life to have more fiat? They trade because they want fiat to survive, but most of them put the extra profits towards bitcoin for both bigger capital and a long term investment. That is why it's clear that long term investment but also a long term savings in bitcoin should be the main bread and butter for most people. I know it's not easy to get that much capital, but from anyone that has 20 dollars to 20 million dollars, that's the goal.
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December 23, 2022, 07:52:43 PM
 #76

Making a simple prediction...  I think that those selling now will be the ones buying our BTC back in 2025 well into the six figure exchange rate.  They'll complain about all the scams and how they were forced to sell, but the real reason is that most people in this space nowadays came for easy money, and there hasn't been any easy money here for the last year, so they're all gone.  Some holding their bags with hope and others dumping and cursing crypto.  Me, I like vocally doing the opposite of everyone else and then listening to the excuses later on.  Stack sats and you will be happy about it in the future, that's a good prediction.

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December 23, 2022, 08:18:18 PM
 #77

Making a simple prediction...  I think that those selling now will be the ones buying our BTC back in 2025 well into the six figure exchange rate. 

Isn't it ironic though, the same person that panics and then later down the road, they don't missed and FOMO, when they starts to see the price moving and making new all time high in 2024-2025.

They'll complain about all the scams and how they were forced to sell, but the real reason is that most people in this space nowadays came for easy money, and there hasn't been any easy money here for the last year, so they're all gone.  Some holding their bags with hope and others dumping and cursing crypto.  Me, I like vocally doing the opposite of everyone else and then listening to the excuses later on.  Stack sats and you will be happy about it in the future, that's a good prediction.

Yeah, they really don't know what to do, or just heard bitcoin from someone bought at the top price. Going to be very expensive lessons for them. But hey, someone needs to start something and probably it's the best lesson they can learn here before making money in the next bull run.
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December 23, 2022, 08:33:41 PM
 #78

While it has come to pass that the support that most think was $18k before, it has been broken and we're not at $16800. The chance that it may go lower is very much high.
And that's why all predictions of the possible lower support is very likely, we don't know how low it may get. But, if this current stability that we're seeing to bitcoin, it could lead to the chance of dropping as this has happened before. Like they say, this volatility might suffice the craving of those investors waiting for the lowest.

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