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BTC - When Will The Overall Market Sentiment Become Bearish?We have been in a bearish market for a month now and for crypto enthusiasts this is just another healthy correction before the price blasts past 20K and, once again, silencing all the haters. Other people are feeling smug or in despair because they knew Bitcoin would never end well! Looking on Twitter, YouTube and Reddit, the overall market sentiment is definitely still bullish with 80% of people are saying they are either HODL'ing or buying. However, the majority of people that are selling are probably not shouting about it. Bitcoin has dropped 50% in the past month in the shape of the flag continuation pattern (ignoring the noise). The volume has generally been decreasing, which is required for the flag formation, and we have hit the 0.618 Fib retracement from the recent move. On top of all this, RSI, Stochastic RSI and MACD all point towards on oversold area. All of these technical indicators favour the bulls! In a market that has become glamourised by its profit potential, it has become the go-to for everyday people to make some quick money. These are the weakest hands and they are most likely to fold. There has been a lot of talk about regulation by Korea, China, France and now a German Central Bank Director has called for International cooperation in regulating it. The pressure is heavy and the fact that the price is declining makes it twice as worse. In my eyes, these pieces alone aren't enough to make Bitcoin plummet however we look forward to what news lies ahead. This bloodbath serves as a reminder that we are in an extremely volatile market and we should always have a plan for every trade we do! This becomes ever more important when we are on a winning streak and we get complacent. In some ways, Crypto is the best market to learn about trading strategy as it is as punishing as it is rewarding. I am looking for the end of the retracement to be no further than the 0.618 level drawn from Aug 15, around the $8000 mark. I will set my buy orders around this mark and if we do find support here then my first target would be $20k. If it breaks down from here, I think the overall market sentiment will turn bearish and then I will only keep my core holdings. I think there will be many news outlets claiming this bubble has burst but I would advise everyone to look for the next buying opportunities! Out of all the bubbles in the past, I think this is most comparable to the Dot-Com bubble as these technologies have an application to the world that is open for anyone to build upon. I believe in any event, the blockchain technology will prevail.
by JoshThomas04
2
GLOBAL Bitcoin trend. Let's take a step back.Let's have a look at GLOBAL Bitcoin trend. Bitcoin has been rythmed by bubbles. As you can see we are in the end of the third bubble. What does it mean? During the previous bubbles, Bitcoin lost between 70-90% from its ATH. A new cycle begin each time that bitcoin is facing the global trend line and a new uptrend with expanse of 1000%. The point is that third bubble is certainly over, and we can expect a downtrend movement until the global trend. New ATH was 20.000 usd, so it can drop until 6000 to 2000. Let's have a look at bubble scheme. Each time the same pattern. Last big bull run during the last few weeks, then big drop, dead cat bounce and correction until trend line. It will be a perfect re-entry point, for growth with more than 1000%. Concerning altcoins, we speak about Bitcoin bubble, but in fact, we could speak of CRYPTOCURRENCY bubble. Indeed the major altcoins follows Bitcoin and in longterm have more or less the same % of growth. However, you could think the situation is different this time, because some coins have more potential than Bitcoin, but in the fact ALL the coins are related to Bitcoin, and their dependance are really strong. So I don't think that a coin will increase during the bubble explosion. It's important to be precise, and bubble doesn't mean, the end of Bitcoin of cryptocurrencies. The market has known huge growth for several years, and because it's promising and new tech, it will continue to growth during several years. Finally, I would say, that it's just an opinion, and I can be wrong. Bitcoin could continue to growth instead of falling to trend line. It could also break the main trend line because it's a bit outdated. But as trader we make plan, and chose the most probable, and in this case, the most probable is correction till global trend line. I know this idea is not relevant for day trade, but it's important to show that Bitcoin and the alts still have a beautiful futur. GIVE ME YOUR OPINION!I would appreciate it!
BITSTAMP:BTCUSD
by BrieucdeLooz-Corswarem
9
btc bull now or hard crashyes i did was of opinion btc was going to go down in previous analyses because of CME futures, it just gives them the power to bid btc lower. They are in charge of money they can make bank accounts of trialions just to hedge bitcoin down, don't be a fool and think btc has ultimate decentralised powers, not at all! Not if it's going to be continued price settled on exchanges. Only if it will be given a fixed value it will be decentralised. Btc is not at all what it was mentioned to be (or was it just someone with a good noice for money). If you want btc to go up you will have to help pumping btc up, I am of the mind banks have betted against btc, have bought up btc at very low price for a huge ammount, they have a lot of power to bet btc down and at this moment it's the crucial point where it will either crash down or still lives for some days upward
COINBASE:BTCUSDLong
by amasilma
Kodak getting pumped (and probably pumped)Eastman Kodak has has been going crazy in the passed 3 days on their adoption of "blockchain technology" (everybodies favorite buzzword). And it has grown nearly 250%. Not only is that absolutely insane for the current market but Kodak has had a losing streak pretty much since it has gone public... To top it all off, take a look at the volume: more shares have been traded in the last 3 days than have ever been traded in in Kodak's entire existence. If that doesn't ring any alarm bells, at least it adds to the long list of things that make cryptocurrency the dotcom bubble all over again.
NYSE:KODK
by MysteriousPersian
Is bitcoin in a bubble? By Guest editor Zahra When you look at the parabolic rise of bitcoin, from its genesis January 3, 2009 to the first transaction for a pizza in 2011 to its peak in December of 2017 you may feel that it is in a bubble . What is a bubble? We usually use the term to describe a rapid inflation in value terms followed by a deflation. We think of recent bubbles such as the housing bubbles ( Canada, USA, Australia ,Hong Kong, Singapore much of Europe and the stock market bubble which are ongoing. There are others that have risen and fallen such as the and the dotcom bubble , the famous stock market crash of 1929 in the USA. In the distant past we have the South Sea Island bubble because of which even the genius Issac Newton lost everything. Before that the Tulip Craze in the Netherlands where people sold houses for tulips. On the other hand we have many companies that have had parabolic growth and still exist today. Examples include Google , Facebook and Amazon. By bringing new technology that changes the lives of many and offers a new way of doing things. So Does Bitcoin offer this? I think that it does. The whole idea of a trustless numerical system, in which the data is the value, has stimulated coders and others to think in a different way. Blockchains , Ledgers and tangles were words unknown several years ago. These concepts will allow us to organize our interactions in a more efficient manner. Whether we like it or not they are here to stay. When combined with the advances in Artificial intelligence and robotics we get an idea what the future can hold. The telephone and communication companies already realize this and are rolling out their 5G networks all over the world. The speed of these networks is unnecessary for our current needs. We can download a movie in a second but we need to spend 3 hours watching it. However it will be necessary for the internet of Things (IOT) . This is a completely interconnected world which will arrive sooner than you think. However , on the negative side for Bitcoin we have several governments/banks who are running scared. Government officials and bankers in several countries are playing the terrorism card. The establishment can block funds to crypto exchanges and can refuse to accept funds returning from these exchanges. As Gandhi said; First they ignore you , then they fight you , then you win. Certainly these opportunities will be seized upon by other banks and other jurisdictions. Those that look to the future instead of being scared by it such as the Japan, UAE, Hong Kong ,Singapore and even Estonia. Part 2 tomorrow
BITSTAMP:BTCUSD
by a1Keith
BLOW OFF PHASE? speculative bubble scheme.We all believe in cryptocurrencies and the technologies behind. But only a blind couldn't see that's it is a speculative bubble. The scheme is typical, very clear and acurate. Although we knew several strong corrections in the past, this one could be different. Indeed, the past corrections were BEFORE mass public investment. It means that the market could be governed by fear. Those we call weak hands maybe have the power to change things at their expense. Of course there is also whales, which manipulate the market and finally take their benefits. It's also interesting to compare this bubble against others. I.e the URANIUM BUBBLE of 2007. Institutionial futures contracts are often the final point of a bubble. Daily charts and weekly charts indicators are pointing down. Which possibility are you going to chose? -Buy more BTC and hope that it's just a "normal correction"? -Hodl and your patience will probably pay? -Sell and re-buy cheaper? It's up to you. Don't hesitate to comment your opinion, it would interest me A LOT!
BITSTAMP:BTCUSD
by BrieucdeLooz-Corswarem
18
BTC - Is Bitcoin Actually A Bubble?Here's where I currently stand with Bitcoin: BTC: SHORT TERM - BULLISH MID TERM - BULLISH LONG TERM - BULLISH Taking a look at short term at least, we see a bounce off the same Fibonacci Retracement level twice and we see a golden crossover in our MACD. I would be willing to make the bet that Bitcoin is green in the next day. Now for our long term doubters, how can you consider Bitcoin to be a bubble? A bubble by defintion in history is when something exceeds its "intrinsic value". However, the true intrinsic value of bitcoin could potentially be tenfold that of the price today. Let's take a look at graphs that look similar to Bitcoin's growth. For example, here is the Size of The Federal Reserve Balance: pbs.twimg.com Correct me if I'm wrong but doesn't that look almost identically like the Bitcoin graph. Would the Federal Reserve consider their own existence to be a bubble? They surely consider bitcoin to be a bubble and Janet Yellen has gone as far to consider it a "highly speculative asset" and " legal tender". If you take nothing else out of this thread, listen to this: Bitcoin is a currency and assest like no other, in fact, it has created its own asset class. If you believe that Bitcoin will exist in some form in the future, then by all means invest into it today and join me in benefiting from its growth
COINBASE:BTCUSDLong
by TheKingofKraken
History likes to repeatI know you call me crazy to predict prices such as 100k per BTC, however I see so huge hype on crypto market that this is possible scenario. Bubbles have one biggest issue - nobody knows when it will break. Usually bubles grow to the levels that nobody expect. Despite we already reached unbelievable levels we may only guess where is the top. I expect insane FOMO - at least 5 - 10k$ per week interrupted by very fast corrections. Let's see how it will play out. Good luck Hodlers and Gamblers
BITSTAMP:BTCUSD
by ppierro
10
BTC 1 month chart prediction, multiple reasons/argumentsBTC will is creating a Shoulder-Head-shoulder patern. On mid-long term BTC will follow this trendline in my opinion. Multiple reasons are listed for bullruns and drops. Some of these reasons are the listing on the stockexchange (18dec) and the new "weak hands" it will bring allong. Also worth mentioning is the fact that people are getting a christmas bonus. Some people will use it to buy the new "trendy" bitcoin. Keep in mind that this also happend with gold and silver after they got mentioned on TV. After this "Dip" BTC will rise again, I don't expect a real crash, just a small correction after the 1700% gain this year. For long term investors (+2-3 months hodler's) there is nothing to worry about, just buy some more in the dip if you want to triple that money in a few months.
COINBASE:BTCUSD
by Sellingdignity4btc
1
4x monthly growth corresponds with CME futures launchAnother doomsday prediction (more for fun to see if it really plays out) for when the BTC bubble will pop The April 2013 and the December 2013 bubbles saw a maximum of 4.3x and 4.5x cumulative monthly growth figures in the 2 days before each bubble popped. Until last week we were sitting quite comfortably in the 2x monthly growth channel. However with the recent run-up and dump, the new channel that has formed(?) looks likely to be an 8x monthly growth channel - i.e. BTC will double over the next week. This will lead us once again to a 4x cummulative monthly growth - similar to what BTC did twice in 2013. Usually there is a trigger though as to the price movements. I think the CME futures is the carrot on the stick which will lead to this growth. What actually happens on the 18th of December is anybody's guess though. Maybe the Korean's release some major FUD about banning exchange, or maybe there's so wild manipulation with the futures by wall street and co will dump the price. Or maybe people will just be like, "yup this is too crazy, I'm getting out " and the panic selling starts. Who knows. Maybe the bubble won't pop and we truly are in "new paradigm" territory as stated on all the charts describing sentiment around stock bubbles. Either way, bubbles have happened way too often in history, and in my opinion, this time is no different. Anyway, my random bubble pop target is 25k€ or 30k USD This graph is mainly so I can have record of what happened. If it holds true, I'll be setting sell stops 2k€ below the current price after we hit 20k€.
by kdleschinski
BTC-USD | SHORT NOW! THE BUBBLE HAZ POPPED! | PANIC NOW!MCDAF-RSI HAS CONFIRMED PERMANENT DOWNWARD MOTION. we have seen major bulls run through rebel resistance and the empire was winning. THANKFULLY, USD IS FALTERING and it's only a matter of time before BTC becomes Planet Earth's next default currency. Unfortunately, BTC will need to bankrupt a lot of greedy, fragile, impulsive idiots before we see bullish divergence. Once the whales and institutions fulfill their conspiracy to trigger a bear run, we will see BTC drop 9204357203957823095782309582309582309qu785%. But we all know what WARN BUFFET said: "Buy when there's blood on the charts" That mean,s, u gotta buy whenever there's a 12% drop. Because after u buy, prices will sky rociket,. Price Target: $1500 Entry Price: $14000 Position Size: $2.52 Stop-Loss: $39,000 (inshallah, in sha Allah)
BITSTAMP:BTCUSDShort
by BrianCT
13
The Biggest Bubble in the History of BTC is in the MakingIn the history of BTC, 11,000% (2.2-250 USD) is the most gains it had before a long term bear market. At 17,000-18,000 USD, we equal those gains. Exceeding that means that we are now in the biggest bubble in the history of BTC. Currently we are at 15k, 2k away (10-20%) away from that milestone. Think about that for a second. Not calling the top, but if you ever want to take profit long term, now could be one of the best times to do it.
BITSTAMP:BTCUSD
by reimadara
2