Topic: 10.000 $ still remain a strong support. Trend is not changed yet. (Read 410 times)
February 02, 2018, 07:24:37 AM
Now the bitcoin price is $8,000. Prices will probably fall further if they do not rise immediately above $9,000. Because the experience in 2014 the whale probaly will make the price drop more and more.
February 02, 2018, 05:41:49 AM
Well I guess we are under 9k USD now, but I do believe this Bitcoin crash will end soon. The hype from the lightning network will be starting soon, this can probably nullify all the FUDS and bad press. I also believe whales are riding this bad news in order to buy more bitcoin in cheaper price. Once their accumulation is done, we will see Bitcoin price soaring high again. Let just hodle and wait.
February 02, 2018, 05:29:28 AM
Support is gone. 
Buy only over 9k
Buy only over 9k
January 30, 2018, 04:10:27 AM
I find difficult to understand why prices continue to stay around 11k. if we read it in a bullish way, then traders are trying to create a new support in the 11K area; if we read it in bearish terms, then whales are trying to get out of the market without creating big traumas at the price. Probably in a market not too influenced by exchangers, a good graphic candlevolume would tell us clearly how things are. 
January 28, 2018, 07:40:58 AM
For those who keep their coins, the situation will not change even when the price is 15K. People will continue to hold the coins to make a profit in the future.
For me not much has even changed when the price nearly touched the $20,000 level last year. I just trade the volatility as I have always been doing, and keep the coins I hold for the long term sleeping in their wallets for plenty of more years. We have experienced these sort of situations for so many times now, that it's a bit weird how people keep panicking over absolutely nonsense. It's like people never seem to understand the basics of this market, and that while they have had enough time to do so.Traders buy and sell coins at any price. So I think that the token prices of bitcoin makes no sense.
Definitely so. That's why we shouldn't take certain peaks and dumps too serious. To start with, the near $20,000 peak of last year was a massive exaggeration of how the market gets bought up by blind panic rage buyers due to the future markets. At that point we were beyond the actual all time high already, but the market still got pushed further, till the point where $20,000 was forming the mental barrier. If that $20,000 barrier wasn't there, we would probably have seen the market increase even further. That barrier was the STOP sign the market needed to calm the f... down. January 28, 2018, 06:54:07 AM
12K is very small. I am sure that the price will rise much more. For those who keep their coins, the situation will not change even when the price is 15K. People will continue to hold the coins to make a profit in the future. Traders buy and sell coins at any price. So I think that the token prices of bitcoin makes no sense.
January 28, 2018, 05:27:37 AM
Hallo,
As i wrote in many discussion, 10.000 $ still remain a strong support, and only after 4-5 close under 10k we could reconsider the trend. Also each failed attemp to broke 10.000$ make this support stronger, because most traders take the belief that this is indeed a very important level and ther starting to buy every time the price is close to $ 10,000 because they expect a rebound just like happened in the past. Obviously buying on support levels is very risky, but in the crypto world every consideration must be taken with due caution. Personally if I had to go in a bullish point of view, I would buy only in over 11.200 $ or, speculatively I would try to enter around $ 9500.
As i wrote in many discussion, 10.000 $ still remain a strong support, and only after 4-5 close under 10k we could reconsider the trend. Also each failed attemp to broke 10.000$ make this support stronger, because most traders take the belief that this is indeed a very important level and ther starting to buy every time the price is close to $ 10,000 because they expect a rebound just like happened in the past. Obviously buying on support levels is very risky, but in the crypto world every consideration must be taken with due caution. Personally if I had to go in a bullish point of view, I would buy only in over 11.200 $ or, speculatively I would try to enter around $ 9500.
Agreed. As I've said in my other thread, $10k is the definite support right now, and it wouldn't change unless bitcoin stays under $10k for at least a full 24 hours. And it definitely hasn't happened yet, since when bitcoin went near $10k it rebounded back up to $11k every time.
In the event of bitcoin crashing to around $9000, I would definitely buy in, since an adjustment is very likely after the FUD. There is a bunch of whales waiting to buy up cheap coins under $10k as well, which is why as you said as well, every time $10k is near, price has gone up.
Right now I'm just patiently holding my coins. We could see $12k being broken soon, and after that the market will turn pretty bullish.
January 27, 2018, 06:56:40 PM
With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume
You are right but the question is how long will this support last? Will it survive and overcome the selling pressure everyone has got? Whatever happens I am sure that the result would be exciting to see. If it dumped and support has been totally consumed, I am sure everyone would be glad to rebuy back at cheaper price. The same way will happen when it pumps. The only difference is that everyone would be happy because those who have Bitcoin gained profit again.So nothing to worry for me as i believe bitcoin value in the end will make everyone feel happy.
Yeaaa it is always the matter of time when it comes to predicting bitcoin price to increase , the bubble is not exist here.
Selling pressure? The reason why the support is this strong is probably because most of the weak hands have been filtered out already and have sold at a big loss. I don't think they'll be inspired to buy back to btc again lol. I'm just keeping it cool with my btc holdings and will patiently ride this unsteady tide.
They are frustrating and the dump to make the $10,000 broken seems could happened in the near future.
I will just enjoy the game and try to be as cool as possible , heading to $40,000 or down to $5,000 , i am not affraid.
January 26, 2018, 11:40:00 AM
there are no 'strong support' at this moment because it's been pumped so hard,
just like what people said,
when we're at $17.000 people said that $15.000 was its support.
but it broke that level and went down a bit deeper.
it's all about people point of view.
always do your own research and never believe what people says to you without a solid evidence behind it.
just like what people said,
when we're at $17.000 people said that $15.000 was its support.
but it broke that level and went down a bit deeper.
it's all about people point of view.
always do your own research and never believe what people says to you without a solid evidence behind it.
This is an important point. No one really knows how much support is actually at these levels. It's pretty much impossible to know unless you go through buy orders on every exchange, and some exchanges don't even offer that information publicly.
I think the reason OP and many others believe the 10k price is a support level because it has held up in the past. Of course, that may be bad logic, but if it's happened multiple times (as in bitcoin dropping below 10k and then bouncing back up), there may be a relationship between the price and a potential support level.
January 26, 2018, 08:04:06 AM
If this bear trend extends to the next month, we can go as low as 5k. Bear markets are irrational, but this time theres some resistance, so it will fall slowly.
Bitcoin is being "tamed" by CME. You can deny it if you want. The only way to free the honey badger from its captors is releasing LN and Schnorr signatures, as this will increase demand from average people. Only then, we will go to 25k and beyond.
Bitcoin is being "tamed" by CME. You can deny it if you want. The only way to free the honey badger from its captors is releasing LN and Schnorr signatures, as this will increase demand from average people. Only then, we will go to 25k and beyond.
January 26, 2018, 05:55:08 AM
Hallo,
As i wrote in many discussion, 10.000 $ still remain a strong support, and only after 4-5 close under 10k we could reconsider the trend. Also each failed attemp to broke 10.000$ make this support stronger, because most traders take the belief that this is indeed a very important level and ther starting to buy every time the price is close to $ 10,000 because they expect a rebound just like happened in the past. Obviously buying on support levels is very risky, but in the crypto world every consideration must be taken with due caution. Personally if I had to go in a bullish point of view, I would buy only in over 11.200 $ or, speculatively I would try to enter around $ 9500.
thats a good insight sir, i agree that buying in a support level is risky as i have experienced it many times before, i should have set more lower entry from the support level, that way it will be safer than sorry. As i wrote in many discussion, 10.000 $ still remain a strong support, and only after 4-5 close under 10k we could reconsider the trend. Also each failed attemp to broke 10.000$ make this support stronger, because most traders take the belief that this is indeed a very important level and ther starting to buy every time the price is close to $ 10,000 because they expect a rebound just like happened in the past. Obviously buying on support levels is very risky, but in the crypto world every consideration must be taken with due caution. Personally if I had to go in a bullish point of view, I would buy only in over 11.200 $ or, speculatively I would try to enter around $ 9500.
January 26, 2018, 05:34:39 AM
I do not like at all the weakness that shows every time Bitcoin reaches 11,200$ . It really looks like it has no more gas to run.
In addition, ripple fall confirms that the trend is not currently bullish. I think we started lateral phase, with prices moving within a well-defined range. This phase, which could also last for some time, will reap the speculators from the market that will abandon some coin. So we will see days in which from time to time there will be some coins with drastic decrease in daily volumes due to the gradual exit of speculators who will no longer find interest in being in these coins.
In addition, ripple fall confirms that the trend is not currently bullish. I think we started lateral phase, with prices moving within a well-defined range. This phase, which could also last for some time, will reap the speculators from the market that will abandon some coin. So we will see days in which from time to time there will be some coins with drastic decrease in daily volumes due to the gradual exit of speculators who will no longer find interest in being in these coins.
true, but i believe if bitcoin starts remaining in this "well-defined range" and traders become sure enough of its stuck-here status, we are going to see some serious move into altcoins.
that has been what usually happens whenever bitcoin is like this. everyone moves on to altcoins to pump them. and i am not talking about top altcoins which are already over-pumped. i am talking about all the rest of the coins which were pumped last in March to May of 2017.
January 26, 2018, 04:35:07 AM
I do not like at all the weakness that shows every time Bitcoin reaches 11,200$ . It really looks like it has no more gas to run.
In addition, ripple fall confirms that the trend is not currently bullish. I think we started lateral phase, with prices moving within a well-defined range. This phase, which could also last for some time, will reap the speculators from the market that will abandon some coin. So we will see days in which from time to time there will be some coins with drastic decrease in daily volumes due to the gradual exit of speculators who will no longer find interest in being in these coins.
In addition, ripple fall confirms that the trend is not currently bullish. I think we started lateral phase, with prices moving within a well-defined range. This phase, which could also last for some time, will reap the speculators from the market that will abandon some coin. So we will see days in which from time to time there will be some coins with drastic decrease in daily volumes due to the gradual exit of speculators who will no longer find interest in being in these coins.
January 25, 2018, 10:01:08 AM
With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume
You are right but the question is how long will this support last? Will it survive and overcome the selling pressure everyone has got? Whatever happens I am sure that the result would be exciting to see. If it dumped and support has been totally consumed, I am sure everyone would be glad to rebuy back at cheaper price. The same way will happen when it pumps. The only difference is that everyone would be happy because those who have Bitcoin gained profit again.So nothing to worry for me as i believe bitcoin value in the end will make everyone feel happy.
Yeaaa it is always the matter of time when it comes to predicting bitcoin price to increase , the bubble is not exist here.
Selling pressure? The reason why the support is this strong is probably because most of the weak hands have been filtered out already and have sold at a big loss. I don't think they'll be inspired to buy back to btc again lol. I'm just keeping it cool with my btc holdings and will patiently ride this unsteady tide.
January 25, 2018, 09:32:17 AM
Obviously buying on support levels is very risky,
It's risky but if you are a strong believer as you've been bitcoin hitting $20,000 before there's big possibility that it can get back there so buying on level right now is a good choice. The risk I would estimate is minimum, coming from $20,000 down to $9,900 and now at $11,200? It's not a bad pick.I would try to enter around $ 9500.
That's quite late already we've been on that price and I don't think it will be back there again. January 25, 2018, 09:28:09 AM
With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume
What is that for nonsense? Bitcoin for large players is pretty easily to manipulate considering how thin the markets are, where you also have to take into consideration that just 1 exchange is needed for that.If you're able to move the market of a leading exchange, you'll be able to move the entire market as result of that. You shouldn't really pay attention to the market cap since it's only a statistical figure.
Don't forget that the market movers of back in the days have been growing alongside the market, which means that they have become more wealthy than ever before. It's as easy as always for them to achieve the same result.
January 25, 2018, 09:21:51 AM
With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume
You are right but the question is how long will this support last? Will it survive and overcome the selling pressure everyone has got? Whatever happens I am sure that the result would be exciting to see. If it dumped and support has been totally consumed, I am sure everyone would be glad to rebuy back at cheaper price. The same way will happen when it pumps. The only difference is that everyone would be happy because those who have Bitcoin gained profit again.So nothing to worry for me as i believe bitcoin value in the end will make everyone feel happy.
Yeaaa it is always the matter of time when it comes to predicting bitcoin price to increase , the bubble is not exist here.
January 25, 2018, 05:47:33 AM
With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume
i wouldn't use the words "pump and dump" but i have to say it is not impossible to manipulate the bitcoin market. we have seen multiple examples of it already. have you forgotten the Jaime Dimon "bitcoin is fraud" thing?
of course it is getting harder and harder to manipulate the market as it grows. but it will never make it impossible to manipulate the market, just like any other market!
January 25, 2018, 05:29:51 AM
With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume
You are right but the question is how long will this support last? Will it survive and overcome the selling pressure everyone has got? Whatever happens I am sure that the result would be exciting to see. If it dumped and support has been totally consumed, I am sure everyone would be glad to rebuy back at cheaper price. The same way will happen when it pumps. The only difference is that everyone would be happy because those who have Bitcoin gained profit again. January 25, 2018, 05:09:32 AM
With $191.367.051.980 in capitalization, is impossible to pump (or dump) artificially Bitcoin. Maybe when price was 50 time less than now, some little pump was possible too. But not now, now with this market volume
there are no 'strong support' at this moment because it's been pumped so hard,
just like what people said,
when we're at $17.000 people said that $15.000 was its support.
but it broke that level and went down a bit deeper.
it's all about people point of view.
always do your own research and never believe what people says to you without a solid evidence behind it.
just like what people said,
when we're at $17.000 people said that $15.000 was its support.
but it broke that level and went down a bit deeper.
it's all about people point of view.
always do your own research and never believe what people says to you without a solid evidence behind it.
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