10.000 $ still remain a strong support. Trend is not changed yet. - page 2.

1Referee

legendary

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Merit: 1427

Quote from: DaMut on January 25, 2018, 02:35:34 AM

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.

That's the whole point. People just look at the charts and base their 'support' on what they read from the chart analysis. The lower the price drops, the lower people will drop with pointing at certain levels to be the next 'support' base. This market puts all people's technical analysis to waste most of the times, and I am happy that it is like that. Even the $10,000 level is not a base support level, and we have seen that it went below that level two times already this year - people saying otherwise are just blind. It takes no effort to get the price to tank below that level.

bucciarati

full member

Activity: 700

Merit: 108

i think that we are still in swinging time, and that time is going to last till chinese new year
10.000 usd is undoubtely a strong psycological support, a new floor that would make easier to touch a new ath before end of june 2018

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

you are correct about the support but about buying I have to say it depends on your strategy. so many investors have longer term strategies when it comes to investing in bitcoin and that means whenever there is a dip like that, people are going to happily buy it even if it is around the support and it may seem riskier. that is because even if price goes lower, your strategy will end up in profit.
besides buying around the support is not as risky as you may think because it is the support after all. it means it will resist any big drop and so far we have seen whenever it falls under it, price jumps back up fast.

shield132

hero member

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Metawin.com - Truly the best casino ever

Of course it's still a great support if we consider the fact that transaction fees were very high these days, some exchangers closed registration on their websites, also remember panic in korea and a lot of things. If price won't be under 6K, I will have a hope of rise of bitcoin. With current big suppory, it just won't fall. The trust that this coin gained is unique and nothing can change it, many people thinks that nothing is as safe and decentralised as bitcoin.

DaMut

sr. member

Activity: 1274

Merit: 263

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.

davis196

hero member

Activity: 3164

Merit: 937

One week ago,i was thinking that 13K USD is the "support level" of the bitcoin price and there`s no way it can go under 13K.Now,it`s between 10K and 11600 USD and i don`t see any signals for an upcoming bulish trend.
I don`t believe in the "strong support" for any price level.If the newbies find a reason for panic,they will conduct panic selling again.I just want to gain more bitcoins and HODL. Grin

P2Pfinder

full member

Activity: 249

Merit: 109

And 10k hold again.

Every purchase at 10k was like a penalty without goalkeeper

avikz

legendary

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Quote from: P2Pfinder on January 23, 2018, 03:46:14 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.

True! Since last 4 weeks, 10k support looks crucial. But in crypto world, methodical technical analysis doesn't always proved true so it may be wrong as well. But I have noticed one trend since this time, that on every weekend, bitcoin price is going up to 13k level and then quickly coming back to 10k level. That is a great opportunity for the speculators to earn few extra bucks even in this stabilized market. But the current trend is obviously making 10k a very strong support and I feel it is a good price to enter at least for the time being.

bee3164

newbie

Activity: 26

Merit: 0

Interesting to see where this heads. With the CAME contracts coming to an end, I feel Bitcoin will move up. Perhaps towards the 14,000 range. Let's see the support around there

P2Pfinder

full member

Activity: 249

Merit: 109

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.

Topic: 10.000 $ still remain a strong support. Trend is not changed yet. - page 2. (Read 415 times)