It's an open challenge that Bitcoin will never drop to $7500-8500!

in #bitcoin6 years ago

It's an open challenge that Bitcoin will never drop to $7500-8500!

I will never step back from my words for whatever reason.

It is a misconception that you would buy bitcoin around $7500 to $8500.(salahuddin2004)

I am sure we will never see area of $7500 to 8500 for Bitcoin!

Update will same as i mention in previous post!

A big buy opportunity (10k to 10380) ! Get in before train leaves station!

As i mention in earlier post! Tip

Tip:
Bitcoin is a volatile currency on quick drop from 10k ! You can't say it broke support! Because its a matter of minutes to go from 9800 to 10000 in a minute.

Still have small Hurdles at $11800, $12800 respectively.

Clearing that areas next eye will be on 14k follow by $17500.

MY Prediction(Long term Target) will never change for any cryptocurrency which i predict and post on my timeline here!

The one Who missed dip before on Bitcoin! Today is a day for them to buy bitcoin at $10000 to 10380 with target of 20k before 30 March ( which i predicted)

On more thing to share with my followers here!

I am new to steemit.com but i am old player of prediction and TA!

I never Predict wrong in Forex how it possible i predict wrong in Cryptocurrencies?
Check my previous records at
http://aussienewz.com/

Youngest Forex Trader

http://aussienewz.com/youngest-forex-trader-from-australia/

Previous Update link!

https://steemit.com/bitcoin/@salahuddin2004/update-on-bitcoin-buy-this-fear-and-dip-at-this-current-price-usd10380

Its me Salahuddin From Sydney Australia!
Love you all followers!

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I never Predict wrong in Forex how it possible i predict wrong in Cryptocurrencies?

You are comparing postcard mails to emails. Forex is way too much different from Cryptos. These latter are newest financial instruments and still in development stage. There is no person in the world, who can tell you precisely about cryptos. USD, EUR, CAD, CHF and etc are on the markets for decades. Cryptos are here for couple of years and the oldest from them, BTC is just under a decade old.

However, it is good that you are so optimistic. If you are heavily invested in BTC, I understand your motivation, but if you are just optimistic this is even better. More bulls means more long positions and fuel for prices to go UP.

Good Luck

8500 can be seen as soon as tonight or tomorrow.
After another hit from credit card companies, uncertainty and fud is getting more complicated.
It is a well reasoned theory, that price pressure is on purpose to apply more speculation for the next big rise.

What is next @photogeek? Do you think the bottom has been reached at $5900?

Looking at the charts, what I see is the following:

  • 5900 is a crucial level since it acted as a resistance starting from october 13 and lasted for 2 weeks.
  • 5900 was a support when price attempted to go below on november 12 but the level held the seller pressure successfully.
  • When this level was working as a support during november, it was at 30 day moving average. Now the same level is on 300 MA
  • In november, when the resistance 5900 (now support) didn't hold the price increased exponentially gaining 240% in 1 month.

I know thess are just past facts, but $5900 was where the prices really took off with neverseen momentum and reached current record. So this level is some kinda psychological point and could attract bulls to get back in. Besides, sellers have exhausted their power because most of the gains from short term traders (If we assume that long term investors who are in since early 2017 or even before are HODL-ers) were made with this crazy rally from 5900 to 20 000.

What do you think?

Difficult to say.
I believe the bottom is somewhere near this level. It could be lower at $5500 or little below. If something terrible doesn't happen again (Bans, Scam Alerts etc) The consolidation should start and prices can rally any time.
One good news is that Bittrex is going to let users buy coins directly with USD.
Another good news is that South Korea Seems to be more friendly with cryptos that we thought.
We need something more inspiring to fire up the market.

Well 9300 now what is the next stop? I am not happy but will be buying around 8500

Hi, Salah, how are you, my dear friend! Your past trades on Forex say it all and I have no doubt that you are not only a Forex master, but a crypto master as well!
Have you ever considered doing a short video on bitcoin (or some other alt coin) explaining why you believe it will reach some target? This way your analysis might be more convincing to the naysayers and it will help your followers to learn from your technical analyses. Or, if you don't have time for a video, may be some basic explanation of your analysis? We, your followers, all will be very grateful if you decide to share some of your knowledge with us. Of course, this is simply a friendly suggestion and I will totally understand if you keep on doing your blog the way it is now - I like it now as well.
Last, but not least, I think you show a lot of maturity by giving respect to the other cryptoanalysts on steemit and that is a great thing! After all, we are all stemians and we need to support each other! Have a great day, my friend (or actually evening since you are in Australia)!

My dear friend @humblestudent I am fine! Thanks for asking! Hope you doing well as well! Your idea is Perfect! I am thinking same! SOON I will do some thing special and help my followers!

I am doing great, thank you for asking! This sounds like a wonderful news and I am sure more and more people will follow you! It won't be long before more steemians appreciate your skills! Stay well, my friend!

This point goes to Haejin Lee, BitCoin hit low of 8450 at Bitstamp... with Elliot Wave 3, so Haejin expects low at 7990 with Elliot Wave 5. I like your predictions as much as the ones from Haejin, but you have to admit that you were ultra wrong.

Well this post didn't age too well. You lost the challenge.

Looks like it's time to eat some humble pie!

Bitcoin currently sitting at 7323 and looks capable of hitting 6 maybe even 5k.

8260 today! lesson to learn? NEVER UNDER ESTIMATE THE MARKET!

I guess you were wrong that it wouldn't keep dropping.

I also agree with you. It is on its lowest now, but can drop a few hurndred bucks, but not to $7k or $8k.

Dear @reazuliqbal 200 percent sure it’s not going to 7 or 8k!

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