Post
Topic
Board Speculation
Re: Crashing' Bitcoin Predictions
by
Crashing
on 08/05/2019, 16:41:07 UTC

Don't take this as a recommendation but there seem to be some indications that the bottom might have been made, contrary to my expectations that bitcoin could go to 2000 (see OP and other posts). I don't think that bitcoin is going to go up seriously during 2019, but perhaps it will start a painful recovery that will take more than one year to go back to 10,000. It was something like this that happened in the past every time we had a major crash.
I still expect a fall to at least 3930 perhaps even 3600, but the risk/reward might worth taking a small position with a long term perspective, at least at those values. In order to increase it as the price breaks 4250 and then 4500.

As usual don't trust me. This isn't a recommendation. Do your homework.

As I wrote on this post, about 45 days ago, I think that the crash is over. That we are going to repeat the slow recover of 2016.
This means that this time seems to be different and that we won't have a full year like on 2015 of simple consolidation.
But I suspect that we are going to have a hard time breaching 8500 and then 10000 usd.
Since this is going to be a slow recovery, expect some falls. It won't be an easy ride.

But if I'm right, it's time to buy and hold. It might take more than 1 year, but if we break 10000 usd, we will go up, perhaps to test the all time high.

As usual don't trust me. This isn't a recommendation. Do your homework.