$10800 Bitcoin Bottom Confirmed ???

R4v3nbl4ck · Dec 9, 2021

The Pink World said:
Dont forget that we are still in bull run and this is not yet over as far as i can see

Exactly. As long as we stay above $43k we are still technically in a bull market. If we go below, there may be a higher chance of a bear market.

The Pink World · Dec 9, 2021

R4v3nbl4ck said:
Exactly. As long as we stay above $43k we are still technically in a bull market. If we go below, there may be a higher chance of a bear market.

I am Completely agree with this and lets see hows the market play

Sky is Blue · Dec 9, 2021

R4v3nbl4ck said:
Exactly. As long as we stay above $43k we are still technically in a bull market. If we go below, there may be a higher chance of a bear market.

Why above 43k ?

Sky is Blue · Dec 9, 2021

Why it cannot go lower then 43k can you explain

im.King · Dec 9, 2021

Sky is Blue said:
Why it cannot go lower then 43k can you explain

Because there is Potentially Solid Support and tons of Buy Orders is Resting on these area which means it too hard to Break that Support as of now

CyberHour · Dec 9, 2021

A lovely joke I like it

You are forgetting some tiny mini facts.

1st.. Tesla's BTC is at average price of 40k.. so they will be stupidly buying anything that go above 20-25k.
2nd.. MicroStrategy 120k BTC's are with average price of 28k
3rd.. MicroStrategy is literally buying 100k $ worth of BTC in daily basis.
4th... BTC miners are currently in buying mode

There are more and stronger facts which I won't mention because FEDs are Brrrrrrrrrrrrrrrrrrrrrrrwatching us

im.King · Dec 9, 2021

CyberHour said:
A lovely joke I like it
You are forgetting some tiny mini facts.

1st.. Tesla's BTC is at average price of 40k
2nd.. MicroStrategy 120k BTC's are with average price of 28k
3rd.. MicroStrategy is literally buying 100k $ worth of BTC in daily basis.
4th... BTC miners are currently in buying mode

There are more and stronger facts which I won't mention because FEDs are Brrrrrrrrrrrrrrrrrrrrrrrwatching us

Thinking of Bullishness isnot bad at all

But you should also know that When Bitc was 60K and elon sold all and The Market back to 28K or so and they where the Microstrategy gone as of everyone know Micheal has so many So many and he keep buying and Buying but here is the things when market can take Deep dip with one single person sell that whom we trust on this !!!!

Miners, Retailers, Investors or These big Banks , Hedges global like Elon , Micheal , and so

Sky is Blue · Dec 9, 2021

I TRUST ELON MUSK TWEET ONLY

CyberHour · Dec 9, 2021

im.King said:
But you should also know that When Bitc was 60K and elon sold all

Tesla never sold ALL its BTC holdings but 10% which basically was the PL difference. You can check their past 2 SEC reports

BTW as funny it may sound.. If Tesla investors and board members vote for full sell of BTC .. Musk can't do a sh1t about it

im.King · Dec 9, 2021

CyberHour said:
Tesla never sold ALL its BTC holdings but 10% which basically was the PL difference. You can check their past 2 SEC reports

As per the Greyscale Financial Sheet they sold all at $60K Area and that because of market had bad crash if you remember last one $59K to $28K

CyberHour · Dec 9, 2021

im.King said:
As per the Greyscale Financial Sheet they sold all at $60K Area and that because of market had bad crash if you remember last one $59K to $28K

And..nop

CyberHour · Dec 9, 2021

#FollowTheMoney

The third largest holder of bitcoin has added more than $150 million worth of the cryptocurrency to their holdings following the latest price crash.

ashish2112 · Dec 9, 2021

28k-34k possible
10.8k is exaggerating
Won't fall that much

im.King · Dec 9, 2021

ashish2112 said:
28k-34k possible
10.8k is exaggerating
Won't fall that much

When Bitcoin was at 10K have you even think it will goes upto 70K Mark ?

No Right

Think about Vice versa….

When majority of peoples saying same Things is Crypto that Means Whales about to Do opposite and Let every freak out

ashish2112 · Dec 9, 2021

im.King said:
When Bitcoin was at 10K have you even think it will goes upto 70K Mark ?

No Right

Think about Vice versa….

When majority of peoples saying same Things is Crypto that Means Whales about to Do opposite and Let every freak out

More money from retailers have flown to crypto due to the bull Run so it can't go back to 10k
Though I think it will be a bear market and BTC can reach 34k
I have been holding few thousand dollars to buy in when it reaches there

im.King · Dec 9, 2021

ashish2112 said:
More money from retailers have flown to crypto due to the bull Run so it can't go back to 10k
Though I think it will be a bear market and BTC can reach 34k
I have been holding few thousand dollars to buy in when it reaches there

Everyone right as per their Point of view and as per there Knowledge & All i would say again

“ Cant , Impossible, it will not “

these wont valid in crypto as long we are not Regulated or some sort of Government stuff

#BITCOIN IS LIFE

Omnipotent Optimisers · Dec 9, 2021

Bitcoin will 100K by the end of 2022

ranga · Dec 9, 2021

im.King said:
OMG !!!

Just Made some analysis long time back and just seen that Trendline is Broken and the Mostly likely bitcoin can touch $10800 which is the Bottom Support of this Trend

I dont know how long its gonna Take but this will surely Gonna happen sooner or later (I’m Patiently waiting for that)

These are the Majot Support need to be broken before we see the $10800+ Support

$42k*
$34K*
$28K*
$23K*
$17K*
$10K*
[Whats your thoughts on cryptos and about this Analysis ]

Don't dabble much in crypto, but this is what I am seeing

Volume is Declining

Second peak was at lower volume

Volume is starting to increase in downside

(I hope this chart gives correct volume figures, don't know how volume works in crypto)

35-32K is strong support and 50% retracement, if it breaks then its a long road down. Long term trend line is still intact. Only thing looking worrying in the chart is volumes, if volume increases in positive direction from here then it will reverse to the topside.

ranga · Dec 9, 2021

rees9 said:
TA is astrology for financial sector. You can have the best indicators and predict whatever you want, but Elon Musk might just tweet something or there's a new regulation announced and your predictions are instantly worthless.

This is what I learn't from my experience, when the mood of market is down or market is overstretched on upside, any positive news is ignored and negative news is over amplified. If the mood of market is up or market is overstretched on downside, reverse happens, negative news is ignored and positive news is over amplified.

It like market is going to go UP or DOWN its just waiting for a reason. This is what TA tries to predict.

im.King · Dec 9, 2021

ranga said:
Don't dabble much in crypto, but this is what I am seeing

View attachment 194709

Volume is Declining

Second peak was at lower volume

Volume is starting to increase in downside

(I hope this chart gives correct volume figures, don't know how volume works in crypto)

35-32K is strong support and 50% retracement, if it breaks then its a long road down. Long term trend line is still intact. Only thing looking worrying in the chart is volumes, if volume increases in positive direction from here then it will reverse to the topside.

Your TF is 1W

And the Waves touch in W, 1D , 4H , 1H all Time Frame which consider the Bearishness at some point of Touch

Trend lines , Fib level and The Volume all Together Pushed by Marked Player at that time !

Rest we will what happen

as of Now today -3% Bitcoin Lets see

$10800 Bitcoin Bottom Confirmed ???

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