Bitcoin Thread

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*SynergyX* said:
i think the low may be in already at 6000 in the short term...

i dont see a smooth ride all the way back up...

the short term downtrend was broken above and is now acting as support....
so a fall back into the channel just shows that this was a fake out....
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I personally think it will drop to $5000/$5200 and then start rising again
 
Fulcrum29 said:
The rise and fall of Bitcoin will be a sad documentry for many.
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yeah beside for the fellas who are shorting the crap out of it. with 100x leverage.

lambos on the way up... lambos on the way down. holders caught in the middle like deers in the headlights.
 
*SynergyX* said:
yeah beside for the fellas who are shorting the crap out of it. with 100x leverage.

lambos on the way up... lambos on the way down. holders caught in the middle like deers in the headlights.
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I still have a small holding in ‘privacy’ coins. This ‘correction’ may very well spell some optimism on growth elsewhere, but then again, many alts rely on BTC’s success.
 
bitcoinanalysis06022018.jpg

I have run the numbers again. Looks like we've hit the Fourier line. This means :

1. Any downturns will be MUCH slower and more gradual (the price plunge projection will not be as steep as shown on the graph now that its below the Fourier)
2. We have a good possibility of a rebound at this point. But the rebound wont be dramatic. It wont recover losses of the previous days anytime soon

My prediction is some sideways movement. Maybe slightly up , maybe slightly down. But nothing too dramatic. It looks like most of the bleeding will stop for the moment.
 
Fulcrum29 said:
The rise and fall of Bitcoin will be a sad documentry for many.
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I'm sure it will, but thing about Bitcoin is this pattern repeats, so the next rise and fall, whenever that happens (it has previously taken 2 years), will be an exciting new episode.
 
*SynergyX* said:
doesnt look like its going to hold volume not supporting it....

looks like if its stays above 6700 could get a small run up.

if not back down...
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so so close to starting a short term uptrend.....

just need to get through 6800-7000 on the longer time frames
 
Bitcoin is way too overpriced for what it offers. It's still being corrected after that ridiculous run up to 20k in December.

Reckon it will be stable at 3k. Wouldn't be surprised if it goes back to sub 1k. Face it, it's useless cos of high fees and very slow processing time.
 
*SynergyX* said:
so so close to starting a short term uptrend.....

just need to get through 6800-7000 on the longer time frames
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Last few hours have been good, wondering if this isn't a bit of a pump up pre sec... about to enter a green daily too... lets hope sec bring goodness and doesn't **** it all up
 
Temujin said:
Last few hours have been good, wondering if this isn't a bit of a pump up pre sec... about to enter a green daily too... lets hope sec bring goodness and doesn't **** it all up
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selling has definitely slowed down for now.

also long positions are at all time highes
 
DarkMultiverse52 said:
Bitcoin is way too overpriced for what it offers. It's still being corrected after that ridiculous run up to 20k in December.

Reckon it will be stable at 3k. Wouldn't be surprised if it goes back to sub 1k. Face it, it's useless cos of high fees and very slow processing time.
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Let's not forget about things such as the lightning network which will completely change that...
 
Fulcrum29 said:
I still have a small holding in ‘privacy’ coins. This ‘correction’ may very well spell some optimism on growth elsewhere, but then again, many alts rely on BTC’s success.
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I'm not in favor of BTC's dominance to be honest, I'd be extremely happy to see it have a sub 10% dominance.
 
retromodcoza said:
View attachment 496526

I have run the numbers again. Looks like we've hit the Fourier line. This means :

1. Any downturns will be MUCH slower and more gradual (the price plunge projection will not be as steep as shown on the graph now that its below the Fourier)
2. We have a good possibility of a rebound at this point. But the rebound wont be dramatic. It wont recover losses of the previous days anytime soon

My prediction is some sideways movement. Maybe slightly up , maybe slightly down. But nothing too dramatic. It looks like most of the bleeding will stop for the moment.
Click to expand...

So how did you get past the graph prediction in early November being $10k off? Over 100% difference from the price.

Edit: To be clear I'm referring to the prediction you ran in November and posted a while back.
 
Sly21C said:
I'm not in favor of BTC's dominance to be honest, I'd be extremely happy to see it have a sub 10% dominance.
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That is why I'm not too bothered with this correction ;) I also like the idea behind atomic swaps and hope that this becomes widely adopted.
 
Not sure if it has been posted
f1e2dd92f37363e05b4edcc284d9acdd.jpg
 
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