Ninjastic
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Re: Bitcoin going $1000
by
richmcrich
on 03/04/2018, 10:57:17 UTC
Quote from: ipanks on April 01, 2018, 05:32:34 AM
Quote from: hurry_hore on March 30, 2018, 11:43:03 PM
Quote from: nyerok on March 29, 2018, 10:47:12 AM
Are you ready about this one ?

I assume the candle stick time frame is daily, my understanding is :
1. Now the candle stick is in strong support for uptrend, previously support was touched at around 7000 USD and now seems at 8000 USD.
2. During touching 7000 USD, it was formed doji star that usually as indicators for reversal from a trend even some also see it as unsure.
3. The resistance 1 will be at 12.000 USD during reversal, it can be return to down or continue uptrend if the resistance 1 is broken.
4. There is possibility also the price continue its downtrend but will be touched at around 5000 USD.

My suggestion: If price continue its downtrend, we should leave the market at 7000 USD and see at 5000 USD whether broken or reverse. If reversing, get ready to buy.

I think it is hard to see the price increase in a short-time because if we see the chart, the downtrend will continue and maybe it's attracted more people to become panic. but I hope that the price is not down to $5k and only stay at $6k-$7k for a while so we can see the altcoin is started to moves up. but bitcoin price could be down for more and it's possible to see this and only the times will answer so we could prepare for the bad things that might happen later.
Though bitcoin is having tough time but that does not mean at all that it is going to get as lower in prices as 1000 collars. This is hilarious. I am sorry but I don’t find any reality or logic in this. This is never going to happen that bitcoin goes down to the level of altcoins.

If the king will be residing at 1000 dollars, what will happen to altcoins? Most will then disappear or their value will go in negative which is impossible.