Post
Topic
Board Trading Discussion
Re: Bear time is near to end
by
exstasie
on 11/12/2018, 09:44:31 UTC
i have seen 100 of topics like this but bears are getting stronger and markets is crashing only

As a matter of fact, the analyst from the OP turned bearish after the price crashed below the $6,000 zone. He expects price to reach at least $3K and as far as $1,300. These are his last two calls:

Quote
No resistances till weekly SMA200 i see since price broke down historical log trend. Textbook ABC correction since ATH in historical IV wave? Hmmm... So I assume this correction will take much longer than I expected (expected 1 year). Weekly SMA200 should be a perfect bullish entry point as candidate #1 of "THE BOTTOM".
https://www.tradingview.com/chart/BTCUSD/4JxEfg1a-Will-we-ultimately-see-a-textbook-flat-correction-since-ATH/

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1. Finding a local bottom. Should be at 1300-3000 range. Should not break previous lower low at $159 (lol). But i think it should be 4-digits. Nearest weeks.
2. As it dropped fast - as it should bounce fast to retest lost $6000 level and log trend at around 10000-20000. 2019-2020 AD.
3. Then it should fall back to ~6000 support. This should happen up to 2020 AD.
4. Go to new highs. Beyond 2020 year.
https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

In contrast to earlier this year, I've noticed analysts are getting much more bearish and producing really low targets. Here's a few examples:

Bitcoin Price Will Likely Fall to $1,500: Bloomberg Analyst
Bitcoin to drop to 43$ and then die
BTC is not going UP anytime soon and here is why.