Has Bitcoin Finally Bottomed? Shocking Prediction.

in #ethos6 years ago

Has Bitcoin's drop finally come to an end? 3 Factors suggest that it has. Let's take a look.

OK, i live in Nottingham, UK, and every time i mention Bitcoin at work , people start to laught at me :), history shows when people laugh at me - they regret later, keep on buying accumulating bitcoin , everything will be ok ...
Aleessssiiiooooo you’ve been ridiculously dead on the past six months, and I have done well in part because of it...’ love the false break out call, made me look like a genius at work, at least so far anyway....so thanks’
It would be a nice bounce to the upside for the time being, but I think we need to see a true catalyst to break the key resistance levels. I'm betting that 2019 would be the year of institutional adoption for Bitcoin. Coinbase Custody is nothing compared to what's coming next.
God, I feel so stupid. After I missed the second bottom, I told myself I would buy again the next time it hit 6000, but I didn't. I had the money ready, but I decided to sell instead because everyone said they think it's going lower. I lost about 10% of my current xrp and bitcoin holdings. These freaking youtubers manage to be wrong EVERYTIME. I should just unsubscribe them. The only person worth listening to is Alessio.
Nice analysis... I disagree I think BTC is most definitely in a bear market. The funny thing about charts is you can choose the time to get that MA above or below to suit your needs. In this video you chose the monthly to illustrate... while in another video I noticed you were preaching the 200 day MA to support your analysis at that point. Right now BTC is trading well below the 200 MA. I like charts but you and I look at different indicators. i look at support and resistance entirely... and I still see so much resistance to BTC. I know that so many people are in the red, and that usually takes some serious time to let them all give up and sell. Best of luck - I am definitely long BTC in the long run.
Actually, i'm quite proud of myself, cuz i shorted btc, not long ago, for 10% rise of my holdings. Quite a good amount. But i have to admit, i woke up too late for saling opportunity. But thats ok, cuz i invest money i know i can loose, and i'm at the start of learning path at investing, and You, Alessio helped me a lot with your videos. Not just by blindly buying at every positive video, becouse that would be stupid, but by teaching me how to look at charts, when try to predict price drop at certain levels, or buying ones. Just tons of knowledge!
nice but no volume. may be close but this isn't the bottom. Very soft landing too with no capitulation, so missing most of the fuel needed for lift off and wasting a lot of energy in the foothills with RSI already well up and many many historic MA lines to break not least the 200MA. nope - this is more likely a consolidation period to take us sideways to the trendline down from 19k and allow the MA to congregate so can be crossed in one go. The gradients are all on track for continuation and we need a new peak to set a continuation gradient that is realistic for the full 1 stroke 2 year bear maket.

DISCLAIMER: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

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You got a 13.76% upvote from @edensgarden courtesy of @shohan11!

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