Post
Topic
Board Speculation
Re: Huge drop happening within 48 hours!
by
DrBitcoin
on 27/08/2019, 16:39:13 UTC
The sentiment right now is a little negative. After this huge run up I expect a break down to like 8K or lower.
And I disagree with your assessment--look at where the price is.  Sentiment is not negative at all; bitcoin was at around $3500 not too long ago, and even though it's stalled again right now it hasn't crashed and I don't think it's going to.

You say you can read charts and that bitcoin is in for a drop in the next 48 hours, and I'm a devout TA skeptic.  I'm going to bookmark this thread and see where bitcoin is in 2 days.  We'll see if you're correct.

To be clear, you're saying this:
08.24.19
Current price: $10,162
Prediction: huge correction within 48 hours (8K range)

8k would be a good entry point, but these dips are becoming rarer as time passes. I believe bitcoin might skyrocket at any moment.
Yep, if I had any money to invest (which it seems like I never do), I'd buy in at $8k in a heartbeat if bitcoin dropped that low.  It certainly could, and I would never say it's impossible, but my intuition is telling me it's not going to.  Certainly not in 48 hours as OP as predicted.

I’m a huge TA skeptic as well. I am not a trader. I buy dips and HODL. I am also TERRIBLE at timing the market and if I say it’s going down...it’s going up!!

I just feel THIS TIME I might be right. That spring is coiling right. A major move is most likely coming up or down. I just think it’s going to be down. Just my gut.