[Bitcoin Crash] Where is the bottom?

in bitcoin •  7 years ago 

I have seen more than 3 videos today. They give their views on where they think the bottom is.

Looks like we most of them see the bottom at about $3200. But because most of them have it at the 100 day moving average I think it will be above this. This is because everyone in technical analysis is seeing this and people are watching it. So people will start buying before this level. I think.

Below are the 3 best technical analysist on video.

.
The Chart Guys

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DataCash

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World Crypto Network

.

Great time to buy more Bitcoin, Steem and other crypto.

Where do you think is the low point?

Thank you for your comments.

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I'll be picking up a little more BTC periodically through this crash. Its going back to $5k someday and I'm not selling, so its a good time to accumulate.

Agree 100%. It was a good time to stackemup. Even today.

Colin, the disasters that have befallen the southern U.S. will run into the double-digit billions. The poor souls that have crypto-currencies will be selling to get USD to pay for rebuilding. This also significantly reduces the number of buyers and potential buyers. So this is also a declining factor.

What's wrong with my analysis?

Good point about the floods. Maybe even some rigs got wiped out so great time to start mining. Genesis mining is the most reliable one.

Yes, all true. Lots of things happening around the world today.

Like Trump yeah.

I say 2600

USD ?? it will stay above 3000$ for sure

  ·  7 years ago (edited)

All we can do is hope. And while we are on the topic of hope....I hope you have a WONDERFUL, WONDERFUL day and thanks for connecting on here. 🤠

Yes we had a small dip below $3000 and then a sling shot to $4000. Crazy stuff. Seeing some consolidation now.

Interesting times.

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