Fallling is a troll, but expect $500-$470 in a few weeks anyway

[Wandererfromthenorth]

Few weeks back and now we had multiple occasions of breaking out for BTC, but we failed, and we are failing now, so we break down.
Possible targets  for the next weeks are $500 and $470 (it will probably bounce here and there before reaching these targets).
Possible start of the next bubble/crash to the ground delayed until at least November it seems

These are my pics:

[Wandererfromthenorth]

Volume is low, Bid sum at Bitstamp is bad. no buying going on, the little rebounds are very weak.

Unless some huge bull whale starts to buy everything up (i doubt it), we going down

[Dalmar]

According to Elliott Wave theory, wave 1 (bounce from 340 to 548) must not overlap with wave 4 (current one). Since price territory has been overlapping it suggests that 340 was not the ultimate low and more downside may be coming in the following months if it starts trading in the lower 500s.

[Hamuki]

So should I, or should I not sell out of my BTC to Fiat Currency?

[Wandererfromthenorth]

According to Elliot Wave theory wave 1 (bounce from 340 to 548) must not overlap with wave 4 (current one). Since price territory has been overlapping it suggests that 340 was not the ultimate low and more downside may be coming in the following months.

Personally I have not found Elliot Wave theory to be particularly efficient with BTC (maybe it's just me).
It seems to be more about trend lines, spotting breakout/break down points, fibonacci, triangles.
And then when you have spotted important crucial points with these tools, you look at the depth chart, price action and volume to see what's going on.

[HurricanOday]

So should I, or should I not sell out of my BTC to Fiat Currency?

I sold my 10 coins at 551$ with an average buy of 520/30 forget, not sure what is going to happen but don't want to risk it. My feeling is it is going to continue going down and hopefully I can buy back in the 400s. My thought process was if I pull it out now it will still be worth 5450$ and worse case is I will have to buy in a little higher or the other option is my 5k is worth 3k or what ever the price drops to. If that makes sense...

I want to be at 10 coins so if I can buy 10 back at 3k or 4k I won't be risking the 5k I took out. Hopefully I didn't screw myself

[falllling]

[pinksheep]

so is this a short term trend or are we never going to see $10K etc?

[JimNastics]

so is this a short term trend or are we never going to see $10K etc?

Good chance we'll see $10k one day, but it could be a long way away. A final capitulation in this bear market looks to be just around the corner now, BTC looks so weak.

[Wandererfromthenorth]

so is this a short term trend or are we never going to see $10K etc?

Ignore fallling, he is just trolling  

My prediction is short term (next weeks/months).   Long term anything is possible.

[falllling]

so is this a short term trend or are we never going to see $10K etc?

Good chance we'll see $10k one day, but it could be a long way away. A final capitulation in this bear market looks to be just around the corner now, BTC looks so weak.

let me get straight to the point, no you will never see $10k coin,
yes the final capitulation is coming and bitcoin is going to drop even harder and hit $0 at the last

[JimNastics]

so is this a short term trend or are we never going to see $10K etc?

Ignore fallling, he is just trolling  

fallling is doing a valuable service... we all want this bear market to end, so anything that shakes out weak hands and quicken it up is welcome. I don't think he's trolling to get cheap coins, he's just putting the effort in to speed things along that few others can be bothered to do. He's a hero in my eyes.

[falllling]

so is this a short term trend or are we never going to see $10K etc?

Ignore fallling, he is just trolling  

fallling is doing a valuable service... we all want this bear market to end, so anything that shakes out weak hands and quicken it up is welcome. I don't think he's trolling to get cheap coins, he's just putting the effort in to speed things along that few others can be bothered to do. He's a hero in my eyes.

sorry but the bear market will only end with bitcoin, everyone is selling and no one is buying bitcoin,
you may be able to buy all bitcoins at $0.0000000xx after the final capitulation but they would be useless at that time

[bitsmichel]

so is this a short term trend or are we never going to see $10K etc?

Ignore fallling, he is just trolling  

fallling is doing a valuable service... we all want this bear market to end, so anything that shakes out weak hands and quicken it up is welcome. I don't think he's trolling to get cheap coins, he's just putting the effort in to speed things along that few others can be bothered to do. He's a hero in my eyes.

sorry but the bear market will only end with bitcoin, everyone is selling and no one is buying bitcoin,
you may be able to buy all bitcoins at $0.0000000xx after the final capitulation but they would be useless at that time

no, on the contrary, people are buying and holding bitcoin.
if you don't need them anymore, you can send them to me.

[oblox]

so is this a short term trend or are we never going to see $10K etc?

Ignore fallling, he is just trolling 

fallling is doing a valuable service... we all want this bear market to end, so anything that shakes out weak hands and quicken it up is welcome. I don't think he's trolling to get cheap coins, he's just putting the effort in to speed things along that few others can be bothered to do. He's a hero in my eyes.

sorry but the bear market will only end with bitcoin, everyone is selling and no one is buying bitcoin,
you may be able to buy all bitcoins at $0.0000000xx after the final capitulation but they would be useless at that time

For every sell, there is a buy.

[bittown]

Are we in the "fear" part of the chart?
Anyway I will hold and look at what will happen.

[falllling]

Are we in the "fear" part of the chart?
Anyway I will hold and look at what will happen.

yes, we are

[Razick]

so is this a short term trend or are we never going to see $10K etc?

Good chance we'll see $10k one day, but it could be a long way away. A final capitulation in this bear market looks to be just around the corner now, BTC looks so weak.

let me get straight to the point, no you will never see $10k coin,
yes the final capitulation is coming and bitcoin is going to drop even harder and hit $0 at the last

We've seen "final" capitulations several times now, and interestingly, they've been good news for bulls so far. That's because they aren't the final capitulation of the currency, they are the final capitulation of the bear market. It's almost like the market has to "reset" so that potential buyers feel like they are getting a good deal... I think that's because during the decline, even bulls tend to hold off because they want to buy in at the expected low. Once we hit that low and get a solid rebound, we can resume growth. That doesn't mean we will see another bubble, although I think we may, but it does mean that we should see the price trending upwards again. I would guess within a week or two.

[asdlolciterquit]

Few weeks back and now we had multiple occasions of breaking out for BTC, but we failed, and we are failing now, so we break down.
Possible targets  for the next weeks are $500 and $470 (it will probably bounce here and there before reaching these targets).
Possible start of the next bubble/crash to the ground delayed until at least November it seems

These are my pics:

ok...can you tell us a long period prediction?

[Wandererfromthenorth]

ok...can you tell us a long period prediction?

I don't know that I'm afraid I'm not a wizard 
Not yet