Hey buddy, i am also bearish on bitcoin for the rest of the year. I recently published an article about it, i would love to hear your opinion on it :)
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Hey buddy, i am also bearish on bitcoin for the rest of the year. I recently published an article about it, i would love to hear your opinion on it :)
I'm not bearish. I'm very bullish. Only awaiting Wave IV to bottom for Wave V up to $7,000 or higher.
You are not afraid of Segwit2x ? :)
I think Segwit2x will be the bottom of price in shortterm
But also a very risky time to buy :/
Let’s get that wave 5 top prediction! 😁
Btc community need a very bad news to create panic and make it go down so much... pure analysis works on Wall Street but not in crypto... even if one day the charts seems to be in a pattern... only with technical analysis it doesn't fit... see all your predictions. One day you say it's going up next day you say it's going down but don't forget bullish bearish it doesn't depend on a pattern that changes everyday, it depends on manipulation and news
You might want to look into EW analysis first and how it works because it seems like you are missing the point of it completely.
I'm not missing the point. I know how to trade crypto and yes, this are useful posts, haejin is doing a great job. BUT, every day I see his predictions btc is going in the other direction. Is not moving up or down too much because of the lack of news. Bitcoin will go down to 1800 only with a negative news creating panic. I don't see it at 500 really
I read the post. You have made some good observations. But I don't think there will be an extended bear period. This isn't stocks. Also BTC community is full of fanatics and cryptos are getting more and more mainstream attention. I pretty much believe BTC will have a major crash after a massive hike as @haejin has been calling. But I don't think there will be a 27K BTC. At the moment I'm 90% sure that the next ATH will be THE ATH. Without a major incident (maybe a crash in stocks), I'm 100% sure BTC won't hit the 27K.
Thank you for reading!
Well I only call for a Q4 bear market, a 🐻 market isn't just straight down. It is up and down, but more down haha
Bitcoin had it's bear markets before.
It's hard to predict the ATH, If you asked people 2 years ago, not many would guess a 5k ATH.
I'm making my calls based on Alt-coins. BTC doesn't exist in a vacuum. It's position of 48% solely relies on the fanatics/zealots behind BTC and the first mover advantage (Plus everything related to these 2) I'm calling dethroning of BTC because pretty much almost all of the top 100 cryptos being better products than BTC. Nothing wrong with BTC, just the other players are vastly superior.
We all know what happened to Yahoo! Nokia, Internet Explorer..... It's the same story with BTC.