Quote from: tokeweed on November 21, 2019, 01:16:50 PM

Hmmm... Looks like it's time to bump the thread back up again. Cheesy

So what do you guys think, is BTC gonna go below 7k USD or what?

I'm pretty confident that it will. It broke through the ascending trend line of the parabolic increase we had this year, which is never an indication of confidence. Another very bearish indicator is the fact that we gave back nearly everything of the massive $3000 pump we had not that long ago. This made me open a short position I will very likely hold on to until we visit sub $6500 levels.

Interestingly, Gold seems to be following Bitcoin quite accurately this year. Bitcoin had a very nice run up this year, then Gold followed with a rally of its own. Bitcoin started to weaken and not long after that, Gold did so too. Both are currently looking kinda bearish with lower prices to expect. My first Bitcoin target is $6000-$6500 where my target for Gold currently is ~$1400.

Quote from: 1Referee on November 26, 2018, 06:42:31 PM

Quote from: Vit83 on November 26, 2018, 02:25:15 PM

If we talk about fundamental things, then the only powerful level of support is $ 3,000) But I prefer to trust different clever analytics) Now the only way is to hold) Because to sell at such prices to get only small part of my depo I don't want)

$3000 is people's safe haven level it seems. I am in that camp as well, but it does make up for a scenario at which whales could on purposely choose to demolish that level. Imagine the panic going through the market if that happens, perfect last shakeoff attempt it is. I'm sure that when $3000 breaks, even a part of the Bitcoin OG's will start to feel uncomfortable.

I would say the best thing to do is to place buy orders between $2000 and $3500 to make sure you don't have to manually check and act. I have done it already and now it's waiting for my orders to get filled. I'm confident that the orders between $3000-$3500 will get filled in the coming days, everything below $3000 is a bonus for me.

Thanks for the bump. It's very cool to see what my sentiment was back then. It paid off quite nicely.

Be greedy when others are fearful. Wise words from Warren Buffett I will never forget.