Don't worry about today's dip, BTC price will get back do 12,9k as of 27 of February or soon.
However, this day will be the ultimate bear test. If it choose to follow the upper tendency, it's fun and games with bull markets all over the corner for the rest of the year. But if it doesn't, we will see another bear year, with price pluming to as low as $5k by August.
The recovery could happen by November, but it's uncertain.
in 11 hours market is going to dip one more time before it comes up. Buy milk while it's on sale.
Charles Jackson
Or join this for guud daytrade advice discord gg/pFGxB6r.
Connor Scott
will btc cme on 26th play any part?
Bentley Garcia
Nigger, you're forcing your memline, we're already broke that support.
Hudson Gray
No, we didn't. It was just FUD with the news about China and Korea.
Have no idea, that's not the point of using TA.
Austin Morris
your TA sucks
Bentley Wood
Professional daytrader or not you don't seem to know the first fucking thing about TA if you think that "one single momentous occasion" can make the decision for what a whole year ahead is going to look like.
Christopher Moore
My 100k/month laugh at you.
Isaiah Martinez
Don't come throwing numbers at me boy, I'm a market mover and I don't give a shit about your damn peanuts. Long-term trending is primarily fueled by events - not a single dip that happened 12 fucking months ago. Even that number seems very inflated for someone who appears to have very limited awareness of how markets work.
Xavier Nelson
Unless its a polynomial and then it will be 4k in 2022
Julian Fisher
What you said is evidence you have no idea what youre talking about. Op is entirely correct that if btc breaks the line he drew a 4 year bear market is confirmed, although it will be a very slow decline
Evan Myers
>he trades fake internet money
Aaron Young
Sorry, but the new floor is 4k. Bitcoin isn't worth anymore than this.
Lincoln Sanchez
And what happens if your line is broken and next week every bank in the world says "hey crypto isn't so bad after all, let's push for it to replace fiat!", how far up your ass are you going to shove that line of yours then?
Austin Diaz
>No, we didn't. It was just FUD with the news about China and Korea.
Do you think that TA is a perfect science that works on its own?
The chart is made by fundamental analysis too that interact with the TA.
Ethan Garcia
>What happens if hypothetical event happens Good argument.
If it doesnt break that line it will be 500k next year
Jose Diaz
>hypotheticals are bad >endorses using magic tarot card lines Kill yourself.
David Morgan
>is being told about polynomial and exponential regression of btc >still cant figure it out
News does not effect the trend it only effects speculation. Everyday there is good and bad news but you cant differentiate between correlation and causation
Mason King
There are so many people waiting to buy, doubt it will go 5k. I don’t think the total market volume just quit crypto
Luis Morgan
You're completely missing my point, the value of a "thing" originates from speculation by potential buyers and sellers, and this speculation originates from a flow information that they receive. This flow of information will not stop regardless of whether your line was broken or not.
It's like some people have created this illusion for themselves that TA nullifies the possibility of any future events/co-ordinations can take place that could possibly change the direction of their precious predictions; the further into the future you are trying to look the less accuracy can you expect to have. Market psychology is a lot easier to read in the moment rather than over a long period of time, and a prediction with decent accuracy can definitely be made based on that current psychology you are looking at as a shorter-term indicator.
Robert Rogers
Btc is growing organically, if you zoom out news accounts for the fact the line is bumpy. Anyone with a brain knows crypto cant be stopped. The r2 of btcs price and polynomial regression is ridiculously high
Henry Phillips
>there are so many people waiting to buy, doubt it will go 5k Those are people that will never buy, even if it goes to 5k they'll still wait to buy at 3k or, most likely they're going to FOMO buy again at 8k-10k.
Jayden Hill
I do not believe that crypto is going anywhere, I'm just trying to to view things from your perspective.
So you're sitting there in your chair looking at a live chart of btc, and suddenly it broke a line that you've drawn for yourself. In this exact moment you yell from the top of your lungs: "BEAR MARKET, BEAR MARKET, BEAR MARKET!" The neighbours wake up and disgruntledly go back to bed asking why you're yelling every other week. A few weeks later another run happens and you find another one of these lines and it does not break, and so you yell "BULL MARKET BULL MARKET BULL MARKET!!" instead. Am I getting this right?
Bentley Hernandez
...
Brody Foster
pic related is a polynomial regression of btc. Notice how you could have picked every top off this graph. it implies that the top was december 2017
Brody Wilson
this is what btc will do if it is exponential, this has a lower r2 and is the line op is talking about.
So as of today the polynomial regression is saying 4 year bear market, so it's fair to say if it breaks ops line then polynomial model is correct and we bears now
Dominic Collins
Furthermore I find it incredibly embarrassing for anyone who says he takes TA seriously to use the words "will" in the context of his predictions. That's right, prediction. "It broke this line, so X will happen." No it will not fucking happen, it can happen, you're making a prediction and nothing more than that.
Wyatt Fisher
Damn... you're right... I can't believe it...
Wait.
What's that? Do you see it? Computer, zoom in please.
Lucas Ortiz
Closer, please.
Lincoln Robinson
Huh, that strange... computer, use a TA algorithm and clarify.
Kevin Perez
there's no hope for you if you can't understand that graph
Oliver Cooper
Oh hey, it's you! Hello!!!
Thomas Phillips
November??? lol your a full retard >we will be 20k by March 1st
Carson James
Thanks for the laugh user
Kevin Thompson
O V E R F I T T I N G
Zachary Nelson
TAfags BTFO
Mason Gray
it not looking good
Kayden Morris
Kek
Leo Cooper
sides
Juan Long
>No, we didn't. It was just FUD with the news about China and Korea. The absolute state of TAfags.
William Myers
This. TA means nothing without a look at fundamentals.
Sadly, Bitcoin has no fundamentals to speak of and most of the news around bitcoin is that it is under increased scrutiny from regulatory agencies and being ban in some countries, so...it is anyone's guess?
Therefore, my guess is down. Its run was too good for too long to not have a major contraction. Is it a total collapse? Well, if it keeps getting bad developments in the news then I would say, yes.
There are too many alternatives for it to stay as high as it is without some more substantive underlying justification.
Chase Anderson
the amount of bullshit in your post is astonishing.
if a ta fags talks about the news he is not a ta fag
Josiah Morris
>Sadly, Bitcoin has no fundamentals to speak of plus the lightning network is a scam. no one ever asks where the transactions are stored. the answer is they aren't stored at all, which also means that people can steal from you if your wallet goes offline when you are in a channel because the amounts haven't been transmitted yet. that's why blockstream has a cap on transaction amounts and why they are telling people not to use mainnet. if the public figures out how shitty it is, they are fucked.
Dylan White
>doesn't know about goxxing >doesn't know about 2011 hack >still thinks he can predict shit with meme lines
Gavin Hill
this is one of the biggest problems that lightning cucks won't talk about. I don't even think there's an easy way to get around the problem. Rely on some 3rd party service to host your node or whatever? you're trusting them, and what if they get DDOS'd?
Now it becomes a dirty game where you're always watching your back. not something you want to be committing any number of funds to.
OH wait the entire system doesn't work unless you have a lot of funds committed to a channel, since that's the limiting factor for transactions.
There's just so many potential problems why LN won't work, I don't know one will hit it the hardest, but I know at least one of them will knock it out.
Cooper Hall
>the amount of bullshit in your post is astonishing. I know. It is glorious and yet a little of it is true enough to matter.
Carson Robinson
imo the original end game was for blockstream to have a paid cloud service that normies could subscribe to to "use their bitcoin." but they took too long and now everyone can see through their lies. there's no other reason to take transactions off chain and limit the block size, the only logical reason is to funnel people to a centralized paid service.
Liam Collins
faggot none of your meme lines are going to mean anything when bitcoin is at 10% market share
Caleb Miller
there are good reasons for either off chain or chain pruning to save space, but they took the worst possible route.
I think you're right though, it's hard to see why anyone with a good understanding (the creators of ln) would think anything other than this becoming a centralized fee generator.
Bentley Johnson
I haven't seen anything credible placing BTC below 6k. Imma watch this like a hawk when it gets around 8k to see if it gets snatched up.
Gavin Perry
TA is no better than astrology... get the fuck out of here.