Lunar New Year Predictions

6 replies 100 views
sat_2018Senior Member
Posts: 259 · Reputation: 834
#1Nov 7, 2018, 05:40 AM
Just thought I'd throw up a simple poll to see what everyone thinks about the market sentiment heading into 2027, which is coming up faster than we realize. Instead of going with the typical end-of-year holiday rush for pricing guesses, I wanted to use the traditional Lunar calendar for this cycle. I think this will give us a clearer picture since December usually sees lower trading volume and prices that don't reflect the market accurately, leading into corrections in January. If anyone's feeling adventurous and wants to take a stab at predicting exact prices and why you think that, I’m willing to offer up to 10 merit for those who nail it with precision. And remember, you can always change your vote later as feelings about the market might shift during this Lunar transition.
6 Reply Quote Share
dav3v1perSenior Member
Posts: 316 · Reputation: 1382
#2Nov 7, 2018, 05:45 AM
I haven't picked an option in the polls yet because I'm torn between "100k's" or " sub 100k" I think I will go with "100k's". By February 2027, people would have started setting their sights on the halving, which would be approximately 15 months away. Investors wouldn't want to sell and would be watching how the market goes to see if they can buy more. The ones who haven't bought would want to buy either by calculated investing or FOMO. The speculation and anticipation that the current price might be the best price they will get in a while might increase the demand. The behaviour of the market by the 4th quarter will determine if this will be true or not.   Edit. I went with the "100k's", because, why not?
0 Reply Quote Share
chris365Full Member
Posts: 140 · Reputation: 714
#3Nov 7, 2018, 02:33 PM
One year from now is a long time from now for the price condition of bitcoin would have changed a lot or keep reacting the way it is now. I will only speculate the price of it in the next one year with the current market condition and the future resultant of the price if the market remains like this reach mid year. The year looks to favor the bearish trend more and going by Bitcoin cycle, after every bullish trend comes the bearish trend, so it is more likely that the market will be in the bearish phase till then. The bearish trend of the market always takes the longest time in the cycle, and until the next one year, I doubt if the market will on the recovering mode already after the bear season. To the polls, I will be going for sub 100 because if the bear market lingers till next year, I’m expecting that the market remains below $100K, after breaking that zone is when we can say the market is now in the recovery mode as we move towards a new halving and another bullish run in the market to mark a new ATH.
0 Reply Quote Share
planktonSenior Member
Posts: 473 · Reputation: 1384
#4Nov 7, 2018, 08:46 PM
I voted for Sub 50k. Not because I'm a perma bear or what, but I just want to set my mind right now that we might be in for a bad bearish market and it can go as low as $40k'ish for this version of that cycle. At least I'm no longer be surprised if the price fall for that range, and perhaps I could have change my strategy. Or just keep what others have been doing in the bear market, buy as much as we can as we are in the accumulation phase and don't look at it as somewhat negative. This is a golden opportunity for everyone to scoop cheap BTC again and just be a long term holder, or at least in this cycle.
4 Reply Quote Share
sat_2018Senior Member
Posts: 259 · Reputation: 834
#5Nov 8, 2018, 01:17 AM
Its not year of the bear so I wouldn't presume that    its horse, workhorse is what we're going to need to this great weight in BTC volume overhead.   I cant vote till just before the end of this poll ,which I will close around the end of this month.    I just think its so hard to call right now, I refuse to be a bear but I dont blame any negative views as there is only clouds in sight at this moment.  Every good crop needs the rain is all I can think
3 Reply Quote Share
cobr4404Full Member
Posts: 236 · Reputation: 772
#6Nov 8, 2018, 02:10 AM
I've seen the 2017 - 2018 price movement of Bitcoin. I've also seen the 2021 - 2022 price movement of Bitcoin. Now I'm seeing the almost the same price movement again. Yes, it isn't as precise or it isn't the same, but who said that it will be the same? It will ALMOST be the same. I also voted for sub-50K not because I'm negative on the market, but that's just how the market moves. We will all agree that the market moves in cycles, right? It's not only on Bitcoin, but in some asset classes as well, but in the crypto market, it's very obvious that we are moving in a 4-year cycle, and we've seen it twice or even thrice (I didn't see the 2013 one if there is) so yeah. I believe the market and how it moves more than anything. Well, there's nothing wrong if you still don't believe that we are in a bear market already since we have our own opinions, but remember that our decisions can betray us sometimes. Sometimes, what we think isn't what's happening, and accepting the reality is the best thing to do.
2 Reply Quote Share
sat_2018Senior Member
Posts: 259 · Reputation: 834
#7Nov 8, 2018, 08:18 AM
We do have a break upwards today, perhaps thats a bit unfair it happens now just before I close the poll.   But of course any break of price action has to be confirmed, its quite likely to sell back down and needs to be confirmed by further buying. BTC Price above weekly average, just below a roughly monthly moving average.    I think I'm more hopeful then most but the real positive BTC action is beyond the crest of the next hill, its far from obvious so it'll be slow recovery probably. I'am trying to decide for a year ahead and Lunar new year is off kilter by western standards to consider.  I do think either this or April as a tax point in many countries tends to be a date of some significance to BTC, beyond the whole halving cycle deal. Closing POLL in a few hours or so.  I'll register the poll as mostly negative outlook perfectly understandable and that reflects a fair crowd sentiment with current status quo.
4 Reply Quote Share

Related topics