Bitcoin future?

Crypto will always remain a niche asset class unless people's salary is paid in crypto. At the moment I cannot see that happening. Of all the crypto the only one that may last is Tether, others will all crash and burn in the next 20 years

Hi all.
Kind of a hard week and hard times at all and here i`m am again. Is all about Bitcoin lost or it`s just a healthy correction? Guess what… nothing is lost yet, not at all. Be sure that when something in the Bitcoin`s life change in negative direction i`ll admit it but that time isn`t come yet.
In the next 3 posts i`ll show you how nothing has changed in Bitcoin`s technicals (up to this date) after this week`s dip. This 3 charts will be daily, weekly and monthly.
I`m starting with the lowest and may be the less interesting chart – daily. In this chart we`ll see a couple of indicators – 50 MA, 200 MA, EMA Ribbon and the fibo levels. The price is still above the 50 MA and a bit lower from the 200 MA – not a 100% bullish but bullish after all. The more interesting is the interaction between both MA`s. As you`ll see from the chart we`re very close to so called Golden cross – very bullish. What about EMA ribbon? The price is not above it but it`s also not below it. The ribbon itself is not in a flipping position too. These 2 facts are also more bullish than bearish. Fibo levels you can use as support and resistance levels. If we fall way lower, I believe at least the golden pocket (from $38400 and $37600) will react as a strong support and we`ll bounce from there and this will be around $10000 higher than the previous low – positive for the actual bull run.
That`s it for now. Like I said above, this is not so interesting but the next (weekly) chart will be way more interesting and bullish.
See ya and remember… DCA (dollar cost average) all the way. It`s a marathon not a sprint.

Are you guys trading crypto with leverage? I am specifically a Bitocoin follower.

Danproperty posted:
I would say it will back to 50k in September and then will start correction because of psychological pressure.
Finally it will be the hard impulse to new tops around 100k or the same flag pattern as we saw in 2017, but then also the growth hard impulse.

I am already waiting for an impulse after the completion of the correction.

ChanKaiTai posted:
Are you guys trading crypto with leverage? I am specifically a Bitocoin follower.

From time to time.

It has always been interesting to find out which cryptocurrency platform is in the top 10. I started looking for reviews on the Internet and found couple of them. Any idea about this ? thank you

yefoledy posted:
It has always been interesting to find out which cryptocurrency platform is in the top 10. I started looking for reviews on the Internet and found couple of them. Any idea about this ? thank you

What do you mean exactly?

After examining the current and the historical stages of Bitcoin, it seems like it has a very bright future and will stay here. Maybe we all will witness the moment when it will become the main currency of many countries until fingers crossed.

jonathandaniel posted:
Maybe we all will witness the moment when it will become the main currency of many countries until fingers crossed.

I won`t rely on this. I prefer to think for BTC as a digital gold. That`s way more realistic.

Agreed. I can't see BTC ever being widely adopted as currency. Especially with some other tokens being better suited to that. But as a store of wealth, BTC is already being seen that way as per gold.

At present BTC is very low. My same question is can BTC future be better? Give feedback.

AliaDare posted:
At present BTC is very low. My same question is can BTC future be better? Give feedback.

Not only can but will be for sure.

momo3HC posted:

AliaDare posted:
At present BTC is very low. My same question is can BTC future be better? Give feedback.

Not only can but will be for sure.

Got it, but what's the point of being worse than that?

jonathandaniel posted:
After examining the current and the historical stages of Bitcoin, it seems like it has a very bright future and will stay here. Maybe we all will witness the moment when it will become the main currency of many countries until fingers crossed.

Bitcoin can go even lower. How much truth?

Bitcoin to sell to about $30,000, if not below, before any significant rise above current All-Time-High (ATH).

bitcoin to die a slow death. Overtaken by faster, less energy intense crypto

Do u trade bitcoin? check this article, it is interesting to read https://www.cnbc.com/2021/12/22/top-predictions-for-crypto-in-2022-from-bitcoin-crash-to-regulation.html

doggedinvestor posted:
Bitcoin to sell to about $30,000, if not below, before any significant rise above current All-Time-High (ATH).

From your analysis it seems that BTC can go down to $30,000. I don't think it's possible to go below $42,000.

addieli posted:

Do u trade bitcoin? check this article, it is interesting to read https://www.cnbc.com/2021/12/22/top-predictions-for-crypto-in-2022-from-bitcoin-crash-to-regulation.html

There is a combination of BTC and any other coin. When BTC is down, the other coin moves down with it.