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Predictions of Bitcoin/altcoins?

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Btc ended up going farther down on The news that the etf decision is pushed back to sep.30. I think this is actually good news. The sec could have outright denied it. The fact that they pushed it back means to me that they will happen. They are just driving the price down so the big dogs can get in cheaper. I think once the ETFs get passed there will be a huge increase in price.
#31 - August 08, 2018, 04:57:53 PM

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Btc ended up going farther down on The news that the etf decision is pushed back to sep.30. 

What I have noticed in my trading experience after all these years is that the charts always tell the truth. The news events are just driving forces that people attribute to the price moves. With or without the news you are referring to, the down move still would have occurred. People would have selected some other news event to make sense of the move. If it weren't for the ETF news, someone would have blamed some exchange going down or some hack or something. As an example, I said days ago that a bearish move was imminent. This was before the ETF decision you are referring to now. The news just made the bearish move occur or it is just being blamed for the move down, but the chart already contained the information for this bearish move though. Sometimes, news events occur and the price moves in the opposite direction than traders thought it would. Why? Because the chart already contained the truth and what must happen will happen regardless of news.



They are just driving the price down so the big dogs can get in cheaper. I think once the ETFs get passed there will be a huge increase in price.
I agree. This is what they do. I have no doubt that smart money is buying Bitcoin at these cheap prices and waiting for the drive back up to 20k or higher.


#32 - August 08, 2018, 05:14:31 PM

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The Bitcoin bearish move I had mentioned has occurred. The BTC/USD price is now around 6200. I consider here down to 6000 an excellent Bitcoin buying opportunity.
#33 - August 09, 2018, 01:23:43 PM

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I hope they push the price down below 6k so I can buy more for cheaper.
#34 - August 09, 2018, 01:32:50 PM

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Near the beginning of this thread, I posted a weekly chart and used this as my reason for the bearish move, which turned out to be correct. Since then, Bitcoin has dropped down to the next weekly support level. See attachment.

I am expecting this weekly support level to hold. Bitcoin is very close to this level at the time of this post, but I think Bitcoin will close above this support line. According to FxChoice, last week Bitcoin dipped way below this line down to about 5000 before going immediately back up. It was a very fast move. So for anyone who is expecting Bitcoin to go down more, it may have already happened. Bitcoin works on it's own speed. So this is why the previous weekly candle had a nice lower tail, which is a good bullish sign. At the same time, Bitcoin is near a very important support level at 5800. So this is why I am expecting a big bullish move in Bitcoin soon.

Bitcoin is currently 6400. As I said in my last post, I consider this area a good buying opportunity.
#35 - August 15, 2018, 03:39:03 PM
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Bitcoin is at a good buying point now. See attachment. Bitcoin broke a trend line upwards and is now retesting that line. This is often what happens before bullish moves resume. At the same time, Bitcoin is also at another support line. I am expecting a bounce up any time now. Bitcoin is currently 6342 at the time of this post. I am expecting this to go past 8000 in the near term.
#36 - September 06, 2018, 12:32:37 AM
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Yeah I agree. Price can only stay down for so long. A big bull run is coming like last year I think.
#37 - September 06, 2018, 12:45:07 AM

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I am updating my outlook on Bitcoin since my last post. It has failed to stay above the important support level from the trend line. See attachment. It has also been testing the important support level of 5900-6100 too many times. Sometimes when a support level is tested so many times, it ends up breaking and becoming resistance. However, there are other bullish signs though. For example, Bitcoin is still above the other trend line I had drawn last time. So it is too unclear to say either way and trade with caution. If I had to bet one way or another though, I would say Bitcoin will fall. As much as I do not want that to happen, that's what I'm seeing. I do think the 5000 level will hold though.
#38 - September 20, 2018, 12:00:12 PM
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I think the outlook is bullish as long as it stays above the 5700 to 6k range. The price should skyrocket by December. There are just too many big companies interested for it to fall much more than that level.
#39 - September 20, 2018, 09:24:38 PM

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I think the outlook is bullish as long as it stays above the 5700 to 6k range. The price should skyrocket by December. There are just too many big companies interested for it to fall much more than that level.
It's a hard call to make. It could go either way. Bitcoin is currently 6750, but I'm thinking Bitcoin will be going down near 6000. Which is a level that has been hit too many times for my liking. If that doesn't hold, this is going back down to 5000.

There are many companies interested in Bitcoin, yes, but there are just as many companies interested in other and better coins too. Or even their own blockchain based coins. I would hold or invest in Bitcoin with great caution right now. I can really see it being knocked from it's #1 spot unless Bitcoin gets some really good strength and very soon.
#40 - September 21, 2018, 08:22:39 PM

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Another reason why I think btc will go up is because the sec delayed the cboe bitcoin etf for the second time now. If they were not going to pass it they would just deny it outright. To me this is a major factor. Also in November of this year BAAKT is supposedly going to come out with physically held bitcoin futures. If either one of these happen Theres no end in sight for Bitcoin as institutional investors will start pouring in. 
#41 - September 21, 2018, 09:10:22 PM

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I've heard about these events too. Anything could happen though. The government can take years to review a permit for Gold mining operations and still reject it in the end. The US government is notorious for doing these types of things. I'm basing my analysis purely on the chart. And Bitcoin is not looking so good right now.
#42 - September 21, 2018, 09:14:19 PM

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Bitcoin has been falling just like I expected in my previous forecast. It has come very close to the $6000 level. I think the bearish movement is nearing it's end for 2 reasons:


  • The bearish movement has been stalling and $6000 has held up well. If there was going to be a big bearish movement because of that trend line break, momentum would be picking up by now in my opinion. 
  • See the attached image. There has been a major descending triangle broken to the upside. I have not seen anyone else talking about this. It is on the monthly chart, which makes it a long-term trade. So keep in mind that there may be bearish Bitcoin movements along the way. Bitcoin is currently retracing back to the base of the triangle. I expect it to bounce off this base. I estimate the future Bitcoin price based off this pattern to be $21000.

#43 - October 30, 2018, 04:11:16 PM
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I am positive bitcoin will go way past 21k. In fact I think it will get so high that it won't even be compared to the dollar anymore. 
#44 - October 30, 2018, 04:36:28 PM
« Last Edit: October 30, 2018, 04:47:36 PM by Reshleman1969 »

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Bitcoin also broke a Daily trend line to the upside. Due to this break, a good target for Bitcoin in the near term is 7400. Things are starting to look good for Bitcoin and I think the bearish movement we have been seeing lately is all but exhausted. See attachment.
#45 - October 31, 2018, 08:32:40 PM
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