Quote from: carlfebz2 on September 07, 2020, 10:14:06 PM

After all the years and the experience i do have on this market then its quite really hard to follow up these kind of patterns yet we dont even know if we are on that first sell-off. Where we do base?

Im not saying that these movements or patterns are irrelevant but these things actually confuses me yet anytime you do look at this then you would really presume out on where we at already

I think they're often more what you see/experience after a bull run, at the moment they may not be relevant to some but it's something to keep an eye to get an idea of how "the crowd" reacts.

Quote from: mk4 on Today at 03:14:07 AM

I could be wrong, of course. Because I wouldn't be surprised if bitcoin breaks the correlation trend sometime soon. Wouldn't be betting on it though.

II thought it was because both have seen aggressive moves recently. I'm hoping it doesn't remain a thing - especially if it only follows American markets as they could be slowing down soon in growth...

Quote from: pooya87 on Today at 04:08:15 AM

no, i think we are actually in the "despair" phase instead and the next phase which would be repetition of this whole thing from the start (take off) has not started yet.

I think I'm expecting $20-24k to be the closing mean of the whole movement (the price we settle back to whenever we see the next 2015/(2018 - with the $3k prices for a long time).

We did see a large rise and I do recall thinking there'd be a sell off after the really weird pattern we had forming.

It's an iterative process so the first sell off and major sell off phase are extremely similar and it could be either.

Quote from: YOSHIE on Today at 11:31:42 AM

What, I was thinking the same thing, $ 6,000-8,000, will most likely repeat itself.

It has been one week since I withdrew all my investment assets in Bitcoin, my analysis is correct Bitcoin dropped to the level: $ 9600, and so on.

@jackg, is it possible that something could happen as you say, is this a good sign.

I'd suggest maintaining a hodl position or having some way of quikcly buying back in if we see something very bullisjh and then a capitulation.

A breakthrough of $10450 would have made $9700 a lot more likely from my analysis, a drop to 9600 and further is possible but I'm not sure how likely it is - we could certainly overcorrect past the 9700 and if we do that and have a slow(ish) take off - that doesn't cause a gap in other markets, I'd say it's a pretty healthy movement.

Quote from: Harlot on Today at 12:51:22 PM

Because with the price going up and all but without any volume supporting the price movement I doubt we are over a new market cycle.

You can have smaller cycles incide bigger cycles though?