I would also like to see that BTC costs USD 9,000, but the reality is different. As you can see on the weekly BTC price chart, all indicators point to a decline in the following days.



There's nothing to worry about. It is also possible to play on declines using the margin, which may make waiting for the reversal of the trend very profitable  .



Everything seems to indicate that the scenario from a few years ago will be repeated and we will see a drop from 30 to 50%, i.e. that we can see prices for BTC at 7,200 or even 6,400 USD. Chance to buy cheap BTC in the next few days if you have not done it yet. Probably, it will be the last chance for a cheap ticket for this train.

BTC price and bulls are fighting to keep above 11.000$, but there is not enough buying and again we are testing support. All indicators look bad and I think we will see a further decline to the support level at 10.000$. Bears are strong and despite we have seen record volumes in the last few days, bulls seem to be too weak to take control over the BTC price.



In smaller time intervals situation looks even worse and few indicators scream "SELL" but remember that they are here only to help and can be wrong especially in a volatile market.
I think the price will fall down (the last opportunity to buy cheap BTC  ) to the support level of 10.300$ and from there will start to go up again. At this time all indicators will be already deep in oversold range, showing a strong signal to buy. Or support at 11.000$ will be strong enough to hold this sell pressure and after few tests price will start to move back up again.



This are my personal thoughts and not trading advice.

As for now the price almost dropped to 10.300$ and everything looks like we will see uptrend again. To be honest, I hope that we will see new ATH again, but with BTC can't sure.

Different indicators show different readings and traders are divided too. I see people talking about new lows and new highs in the price discussions on social media.



For me, 4 hours chart looks bullish and the BTC price should go up to the resistance on 11.300$. We see an obvious flag formation and if it's going to be broken up, then there is a big chance for a strong bull run. Or we are facing a completely opposite scenario when the flag formation will be finished with a break from the bottom.

I am watching BTC price for almost 4 years daily and what I see today on the chart tells me that we are going down. For such a perma bull as me is not the best news but I hope that after this crash we will see again bulls taking over the market.

TA looks bad and we will see the price of 9000$ or even 8000$ for a single BTC soon. This is the daily chart for me looks obvious bearish.



And here the 4-hour chart which shows that bears are again in control of the market. Weak hands keep selling and accumulation should start at 9000$ or 8000$ levels.

Are you sure? Look at the BTC chart  

Wanted to edit my post and I deleted him by mistake. Should be additional popup window after one click on delete to avoid such mistakes.


In few hours situation changed and now start to look bullish again or this is one big bull trap. Just look at the 4 hours chart.



Anyways, I AM BUYING AGAIN 

Beautiful outside, nothing inside - BCash

The Crypto Fear & Greed Index jumped in last month from 27 which means FEAR, to 79 showing Extreme Greed. This is good in my opinion because more greed equals more buying.



If you want to check Crypto Fear & Greed Over Time go to https://alternative.me/crypto/fear-and-greed-index/.

Dailly, 4 hours and hourly BTC price charts all start looking bullish again and I think we are going back to 12.000$. If bulls will be strong enough and brake the resistance at 12.000$, then the next stop could be on this year AYH which is 14.000$. From a few days, charts with different time intervals and indicators show misleading readings. Today for the first time all of them turned out to strongly bullish. Here is the four hours chart.



BTC volatility is also beautiful because give endless opportunities to earn an additional 20 or 30% every couple of days. Of course, is not so easy to time the market perfectly but I think that BTC shows a lot of signs before starting to crash. I rather sell high and wait for the pullback with peace of mind and try to find the best entry point possible. Is just very hard to be calm if we lose 30% in a few hours. That is why HODL is not my strategy this year and I am quite successful with trading.



BTC dominance is 62,5% and we see very high steady volumes around 30 billion a day. All this tells me that we will be going up in the coming days.

Looks like bulls are still not strong enough to break the trend/resistance line. There was an attempt just recently but again price only touched the trend line.
Four hours chart looks good and I keep thinking that we finally go back to AYH at 14.000$ soon. All we need is more volume and buying so spread the word that they should buy until is still cheap.
Once we break 15.000$ there will be no discounted BTC anymore and everybody will be dreaming about 9K levels.



I just read a few days ago that 100 million Thether was printed just recently and there is a big correlation between this fact and BTC price spikes. Every time USDT is printed we see massive BTC price moves.

https://www.newsbtc.com/2019/07/04/100-million-more-in-tether-printed-how-will-this-affect-bitcoin-price/



https://twitter.com/whale_alert

It's a very interesting strategy. Just to be sure you have two parallel ladders, but only one open at a time?


Exactly, I would rather cash out and wait patiently for another best entry point, when BTC is crashing, especially when there are a lot of signs, before each deep.
These crashes are not so uncommon as in 2017. One didn't know what to expect. This is such a different filling to watch the price going down with margin position open  .

Hodling in such a moment could be a pain and always was for me, so this year I try a different approach and sell, just like you, to not sweat too much when there is 30% pullback.
I just don't see any sense to HODL (my full position), especially if I am watching the price very closely, each day from years and see the crash coming.
In 2017 I would HODL and this year I sell 70% on the top and open a margin position.


Looks like the price will soon close the trend triangle. There will be only two scenarios, we will break up or down.
I still hope it will be up, but if bulls will be not strong enough in 4 to 8 hours all indicators, turn again bearish and indeed there can be a flash crash, again.
We need more volume (above 30 billion for faster, stronger moves) or more buyers. The 4hours chart and daily, still looks good and strong. Let's hope the pump will come.

Finally, we have a breakout!!! We have waited for a few days for this and seems like the triangle is closed with a massive price spike. GO BULLS!!!

I won't mention that I predicted this some time ago @Micgoossens  .

If you still haven't buy BTC this is your last chance to buy below 12.000$. Is already 11.900$ so hurry up we are going to AYH at 14.000$.



Has anybody seen this buy walls?



I hope they stay for longer and will keep pushing higher  

Yes, you are totally right "Golden Cross" for the second time. The first one took us to 14.000$ let's hope for 20.000$ this time 

GO BULLS!!!

Why fake? There are already 300BTC bought on Bitfinex during these 30 minutes.

We have finally done it!!! Go Bulls!!

Breakout from the triangle and price is going vertically up. Everything looks very strong and next stop at AYH which is 14.000$.

Take your seats we are going to the stratosphere!!!



The daily chart looks even better and I keep wondering how fast and how high we will move this time? Remember about "Golden Cross"!!!

The first correction just started which I see as a good thing because we need the RSI on the 4-hour chart to go a lot lower, to see new strong BTC price moves.

I think we will go back to 12.000 - 11.500$ range.



And what WO thread readers think about the actual BTC price action? I would like to hear your opinions.

Seems that my prediction from a few hours ago was correct and we will see 11.800$ price levels. Looks like BTC price sticks very precisely to the trend lines during this bull run.

Here are the levels we will possibly see in a couple of hours marked red. This is good and after this profit taking, we should see again upwards move.

Of course, we have to closely follow the price charts and take into consideration actual readings and indicators.

Indeed we have already reached 12.000$ level and bounced back.

This is possible that BTC will move up further from now because everything looks strong and bullish but to be safe I would advise to observe the price very closely and watch for the best entry point.

There is no doubt that we are in a bull run and after this bounce, we will see BTC price going vertically up again.

I still hope that from over 2000 alts there will be a couple of them finally successful and we see working products which indeed will revolutionize at least something as intended.

Maybe indeed more time is needed and in some cases, new regulations and licenses across the world. Doubtful that it will take less than a decade, but for good things is worth to wait a little longer   .

This is just insane how the BTC price perfectly sticks to the trend lines in this bull run. If you know this fact, trading and setting up entry points is so much easier.

Just look on this 4 hours chart and how the price dropped exactly to the trend line. I know that if there will be a further decline, we will see the second trend line tested.

But I think 12.000$ is the lowest price we will see, with this pullback. We will test this level a few times and go up again.

Of course, one has to control and check everything frequently, because the situation can change in a few minutes.

And now I have to eat something . Something special of course because you can't compare this with pizza or kebab  .

Don't panic sell!!!

Wait for a while and if the price drops below this trend/resistance line at 11.300$, then there is a big possibility, that we will see 10.000$ levels.

The next few hours will be very important and I would advise to closely monitor the price and volumes.

If you are Hodling don't panic sell when the price already dropped so much and is sitting on very important resistance. There is a big possibility for a 50% bounce back to 12.000$.

You are correct and this chart indeed looks like a classic pump, but this is already 5th or 6th time in the BTC history, so I assume is a normal BTC price move  .

I don't understand what you mean by low volume? There are still over 30 billion in volume, every day and this is much higher as in previous 2017 pump.

Don't mention that those are the highest volumes ever. Just look at Coinmarketcap chart on the volume bar. After last adjustments made by this service, volumes should be almost real .



This is the biggest problem that we have to rely on data, which are not proved, to be fully correct and could be manipulated, so this approach of Cpoinmarketcap, to call all exchanges for real volumes is a good thing, but hard to execute and control. No matter, which service we use, because all of them, take the data from exchanges API and other ways and we have to fully trust them, that this data is not manipulated.

To predict the end of the bull run already, as many above is still a lot too soon in my opinion, the chart looks still bullish like a hell.

BTC price sticks to the trend line and until not broken further down, I would even advise buying this discounted BTC.

Just look at the chart and keep in mind, that the second "golden cross" is coming and when the first one was confirmed, we have seen the run to AYH last time.

I am a Perma bull and that is why don't want to post bearish short, medium time predictions to not fuel up WO thread heaters  .

There is only one medium time prediction for BTC which is DOWN to the 7800$ price range or even deeper.

We can see some swings, but we are going down and I would start buying back at 7800$ and lower levels if possible.

I am still bullish and think that we will bounce back up from 7000$ levels when this correction ends. But if not and we will be going down deeper, then my long term prediction will finally change to bearish  .

Will update with charts a little later to let you guys better a few of what to expect in next days in my opinion.



I am shorting BTC short, medium-term now. Don't mention alts one should short them all because they just getting slaughtered. When BTC goes up, they go down and when BTC goes down, they also go down  . This is an ideal situation for BTC to get back, to 90% of the market share and to continue the bull run after this corrections.

From some time we have a correction and very strong bearish sign, which is the death cross.

I am still bullish and think that we will bounce back up from 7000$ levels when this correction finally ends.

But if not and we will be going down even deeper, then my long term prediction will finally change to bearish  .



I am shorting BTC now. Don't mention alts one should short them all because they just getting slaughtered. When BTC goes up, they go down and when BTC goes down, they also go down  .
This is a perfect situation for BTC to get back 90% of the market share and to continue the bull run after this corrections.

As we all see from the charts there is not much buying volume so will be very hard to break the trend/resistance line at 10200$ if we manage to get there at all.
Exactly on this trend line, we see EMA 200, which confirms how strong this resistance is and how hard it will be to break it. BTC will bounce back to 10000$ and go down again to 7800$ levels.
There is just no other way, taking into consideration all available data. Low buy volumes, death cross, the bearish trend from weeks and Trump talking trash about BTC.

The scariest is the Death Cross, because the last time when we had the opposite sign, which is the Golden Cross, BTC price shoot up from 5000$ to AYH at around 14.000$.
If one just buys on the Golden Cross and sell now on the Death cross, would make around 100% in profit. Don't mention to sell on AYH, which makes almost 300%.
As for now, I have never seen this two to be wrong.

Here is the hourly chart, where we can see how strong the resistance is, with the EMA 200 above.



If we look at RSI will see the best example of an asset in the bear market. RSI never breaks the 60 range and repeatedly is on the oversold level deep below 35.
Now RSI will go back up and exactly when the price will be nearing the resistance line, RSI will be at the highest range. This will be a very good signal to sell if there will be no buying pressure from the bulls.

On the four hour chart, we can see much better, how the Death Cross is nearing and this is the major bearish indicator and there will be another deep very soon.
StochRSI nearing to the overbought levels and this will be the time to short BTC again.



Still, I am long term bullish and think that after this correction BTC will go back up, much higher as AYH or even ATH. Corrections are good and give us an opportunity to buy cheap BTC again  .
As I said before, I will start buying BTC again around 7000$ levels. I hope that this will be not too soon. Of course, I will closely monitor everything and adjust my decisions in real-time because is just impossible to predict the future precisely. Especially when it goes to such a volatile asset as BTC.
 
Always look at the positive side of things. We can short BTC, so there is not much drama when these corrections occur. A few years ago, when there was no possibility to short BTC, we all have to wait for the deeps to buyback. Today we can participate in the market non-stop and keep making good, profitable trades, even when the BTC price is falling.

As we see, bulls are in action and try to change the BTC price course. If this will continue and is not only a big BTC market manipulation, to close all short trades, then this could be a first time in history, I assume, that from a Death Cross, bulls would make a Gold Cross  .



I think this is only big market manipulation and as fast, as price bounced up, will go down, but let's wait and see. I hope, I am wrong and bulls will be buying, insane amounts of BTC and we go to ATH in a few days  .

You are right but not fully. I try always to inform exactly about which time intervals on the chart, I am talking about.



https://www.investopedia.com/terms/d/deathcross.asp

As you see, there are some variations in opinions as to precisely what constitutes this moving averages crossover.
Depends on the individual trader, how he will interpret them. Of course on a weekly, 3 days or even daily, Death Cross signal is stronger as on 4 hours or hourly chart.

From what I see this graph shows only 8000$ at the end of 2017 when there was already a 20000$ price. Today if I can see correctly this should be already around 25 - 30K USD for single BTC.

Still, it could be a good prediction in a very long term, which is a million $$$ for single BTC in the 2025 year and if one doesn't look too much into details.

If there is really a true connection between Gold and BTC price, then this is what could be expected in coming weeks   .



Will BTC break this 10800$ level and shoot to the stratosphere like gold? What do you think WO thread readers? Are bulls strong enough to fight with bears and latest market manipulation?

Even if then there are developers and will do something to adjust the mining difficulty or even the mining algorithm. BTC is still in development and always will be. That is why is unstoppable because can be adjusted and tweaked if problems occur. If you would tell me back in 2009 that in 2017 BTC would be at 20.000$ I would never believe, despite I am big BTC enthusiast from the moment I first read about it. So I can understand you and why this is so hard to believe that BTC would be worth a million in a few years.

When I read your posts I don't understand your attitude. Why are you so angry on all of us BTC believers?

Nobody is encouraging anybody to buy BTC in this thread. Just a group of BTC fans try to hang together and talk about BTC. Only haters come and start to talk trash about us and BTC.
Maybe heaters like you should open a new thread were you will be able to discuss what you want about BTC.

Why come here over and over again only to trow few epithets and accusations against the hall BTC movement?

Try to be reasonable and avoid attacks and maybe then there will be a chance for a productive discussion. Otherwise, I do not know why you even start when is obvious that nobody here takes you seriously.

Looking at the poll results the majority of people thinks that BTC will stay at 10.000$ - 11.500$ price level until 21 of September.

Already from 91 voters, 52 predicted BTC to move sideways in the next days. My prediction is bolded if anyone is curious .



Interesting times ahead, because on September 23 Bakkt will start and I'm curious if the fact alone can and will positively influence the Bitcoin price?

 

CONGRATULATIONS!!!

I know the feeling, I am almost Legendary now  .  The only bad thing with activity is that you can't speed it up  .

Watch out BTC riders very bumpy road ahead 

In my opinion, there is a big chance for a pump if the current attempt to reverse the trend succeeds.



Looking at TA and indicators everything looks pretty good. I hope the next stop at 10.500$  .