3rd times the charm 20K ok I was wrong, 6ths time the charm - page 2.

daarul50

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Quote from: mirakal on December 07, 2020, 12:14:34 AM

Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

It failed again, I'm afraid people will start to liquidate and bitcoin will start to drop soon.
We've seen many times bitcoin have tried and failed, so I guess the confidence of investors are slowly getting lost, and we might not see an ATH this year.

Even with a charm of millions dollar future contract that will expire by the end of next month predicting the price will pass over 36000 usd.
We are now many times failed to get the price we wanted at over 20000 to stay longer.
Rejected over and over again and could be a signal to use your seatbelt in the downfall anytime soon.
I dont know people seems so done now so do i.

Zicadis

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Dump it!!!

Quote from: mirakal on December 07, 2020, 12:14:34 AM

Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

It failed again, I'm afraid people will start to liquidate and bitcoin will start to drop soon.

Then bad luck for them. It often happens that when you think you're done with something, that that's exactly when things start moving.

Quote

We've seen many times bitcoin have tried and failed, so I guess the confidence of investors are slowly getting lost, and we might not see an ATH this year.

We have seen many times before but not like this. This time BTC is hanging strongly and despite the resistance at above 19.5K it still manages to stabilise around 19K. It had done so for nearly a whole month - that's a sign that will either break and enter ATH or that its 'normal' level is 18-19K and there abouts.

philipma1957

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Quote from: mirakal on December 07, 2020, 12:14:34 AM

Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

It failed again, I'm afraid people will start to liquidate and bitcoin will start to drop soon.
We've seen many times bitcoin have tried and failed, so I guess the confidence of investors are slowly getting lost, and we might not see an ATH this year.

Nope sideways is what will continue. You are looking at BTC like a trader or investor.

For mining 17k to 20k is just about the right price.

Mining in July of 2019 price was 13k+ and what happened we tanked. Why is that simply put profits for mining were too high.

Here in Dec 2020 to make the same profits as July 2019 a miner needs 25-30k

if we go to that number fast ie this Dec 2020 once again we would be at a price level that is a bit too good for mining profits.

Now that is drawing an analogy now to July 2019

If you want to think we are going to Match Dec 2017 profits for a miner we need to be at 78k which was not sustainable and we dumped all of 2018.

So thinking 20k has any significance other then it is a round number is foolish.

Personally this year we had 60 flat days back in sept-oct. like 11.9k to 11.8

so we can do 19.1 to 19.0 for sixty days then drop and take off.

Or you could be right and foolish traders panic and sell off.

We will know soon enough.

mirakal

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Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

It failed again, I'm afraid people will start to liquidate and bitcoin will start to drop soon.
We've seen many times bitcoin have tried and failed, so I guess the confidence of investors are slowly getting lost, and we might not see an ATH this year.

maydna

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Quote from: ?? on ??

Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

We need a big pump similar to what happened before we enter the month of December for the price to reach $20000 and I have a feeling that we are going to have it before the end of the year, it's been a roller coaster ride for us this year and we want to end this year with a big bang and what could be a better bang than ending it with recording another all time high.

That is right. But we need to calm down to wait for that big pump which we don't know when will happens. Many people really waiting for that big moment because they want to fully recover their loss and of course, they want to make a big profit. This month, we have more chances to see bitcoin price will surge to the high price and hopefully, that can break $20k before the end of this year. But if that still not happen this month, perhaps, we need to have more patient because, in the future, bitcoin price will make a new ATH.

crwth

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It has touched my support line twice in my charts, and it could be a sign for another go for ATH.

My current resistances are at $19589 and $19816. Once this breaks, it will surely be ATH, hopefully.

matchi2011

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Quote from: AliMan on December 06, 2020, 06:29:49 PM

Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

For me bitcoin will first stabilized only at $20k and more fluctuating value could be experienced until the end of December. We don't know yet what will happen next during the start of 2021, it could be good or either bad opportunity. That $30k predictions was just a glitch of ever price bounce quickly to that level.

Very possible though. Knowing how things are moving from here, fluctuations are very active. But considering all those positive news
about this market, with lots of new investors.

It's not hard for Bitcoin to touched or surpassed $30K in the next following years, it's a matter of trust and how you really anticipate
the next bitcoin run.

STT

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Seems like 20k is more then probable, weekly bars view to end this weeks closing bar and it looks on course from what I can see.

Monday is when it hits the waves, Japan opens and weekend prices meet leveraged money from Yen and many other convential markets that may or may not take an interest but so far it seems not much disturbs the regular gain we've been seeing for a while. If we falter, it regains the trend within like 2 days and sellers look wrong.

AliMan

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Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

For me bitcoin will first stabilized only at $20k and more fluctuating value could be experienced until the end of December. We don't know yet what will happen next during the start of 2021, it could be good or either bad opportunity. That $30k predictions was just a glitch of ever price bounce quickly to that level.

Jating

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Quote from: eaLiTy on December 06, 2020, 04:03:03 PM

Quote from: exstasie on December 06, 2020, 03:31:31 PM

I think bears, skeptics, and longer term bulls alike were blindsided by how fast this push to $20K happened. The combination of scared bears and confident bulls makes me feel like a brutal shakeout is still very possible from here, in which case the push above $20K would be postponed until Q1 next year.

If that is the real scenario then it would be cool as many were planning to invest but the pandemic forced to change the plans and if there is a major shakeout then everyone who missed out earlier would be able to invest. I am also expecting a good correction before we see the price reaching new levels but whenever there is a correction there are huge investment coming in and hence not sure how the market will perform by the end of this year.

Yes, the push to $20k was very fast and very early, I remember a poll, the majority thinks that the price will be somewhat around $16k at the end of the year. So this is an expected growth in the last month or so pushing it to $20k. So we were caught unprepared on this unprecedented run that's why the selling pressure is huge and seen it goes down to $16k. But it didn't stop their though, the run continues again.

But as I have said, selling pressure, the somewhat stabilised in the $19k region. So a $20k++ will likely to be breach again Q1.

eaLiTy

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Quote from: exstasie on December 06, 2020, 03:31:31 PM

I think bears, skeptics, and longer term bulls alike were blindsided by how fast this push to $20K happened. The combination of scared bears and confident bulls makes me feel like a brutal shakeout is still very possible from here, in which case the push above $20K would be postponed until Q1 next year.

If that is the real scenario then it would be cool as many were planning to invest but the pandemic forced to change the plans and if there is a major shakeout then everyone who missed out earlier would be able to invest. I am also expecting a good correction before we see the price reaching new levels but whenever there is a correction there are huge investment coming in and hence not sure how the market will perform by the end of this year.

exstasie

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Quote from: gentlemand on December 04, 2020, 06:21:51 PM

Could be a while yet. The most important thing is that it went for it. I really wasn't expecting that so soon. Every time it shies away from it just means when it does do it it'll happen with some serious conviction.

It could be tomorrow. It could be well into next year. Either works fine for me. We're in a great position.

Similar feelings here. Really not sure if the breakout is coming soon or if a big shakeout is still around the corner first.

I'm big on contrarian trading, and my read on sentiment is that people are very, very bullish and greedy right now. That certainly makes me cautious. Shorts closed massively in the last 1-1.5 weeks, down 65% on Bitfinex since November 25th: https://bitcoinwisdom.io/grids/btcusd_longs_shorts

Now instead of providing fuel for a rally via short squeezing, bears are scared to short. The Fear & Greed index is also at 95, indicating "extreme greed."

I think bears, skeptics, and longer term bulls alike were blindsided by how fast this push to $20K happened. The combination of scared bears and confident bulls makes me feel like a brutal shakeout is still very possible from here, in which case the push above $20K would be postponed until Q1 next year.

Reid

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Let's not forget its also the sell point of those who want at least ROI from 2017.
Then there are those who just want profit riding the dump that will come and buy back at a lower price.

This will be another unpredictable end of the year.
Will panic win and most whales will sell?
Or will it be FOMOs that will take BTC to a new ATH?

BrewMaster

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i never understand why some people get over excited about bitcoin price changes every damn time. not just rises but falls too. price drops 10% they start expecting 50% more drops. price rises 10% they expect 50% more rise. and they all expect it right away too.

we are in a bull market but the rise is not going to happen this fast to something like $30k. not when there is a resistance and a more natural growth at the start of the rally which is now. $20k can easily take a month to be broken and then a slow rise over a couple of months to reach $30k. all of which is more reasonable and healthy.

Fredomago

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Quote from: lepbagong on December 05, 2020, 04:23:57 PM

I might not see it that bitcoin will break through $ 20K and continue moving past $ 30K, for this year. but if it is predicted for next year I am very confident and will probably exceed the predicted $ 30k that will happen.
but we are waiting for the time because the end of this year is still quite long and there may be changes. will there be any surprises at the end of this year? we wait patiently for two great celebrations to take place. because I am also sure that the end of the year bitcoin will actually go down.

Nobody knows if bitcoin will keep moving upwards or it will rest for a while, some might sell after reaching their targets influencing the current value to fall. Nonetheless, it can continue to move as predicted and many more new investors and businesses to keep coming and buyin to start their own investment.

For now, It's really enjoyable to see that the market still surviving and keeps holding between $18K to $19K best enough for early holders
to see that their investment are going bigger.

lepbagong

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I might not see it that bitcoin will break through $ 20K and continue moving past $ 30K, for this year. but if it is predicted for next year I am very confident and will probably exceed the predicted $ 30k that will happen.
but we are waiting for the time because the end of this year is still quite long and there may be changes. will there be any surprises at the end of this year? we wait patiently for two great celebrations to take place. because I am also sure that the end of the year bitcoin will actually go down.

Baofeng

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Quote from: pilosopotasyo on December 05, 2020, 10:14:49 AM

Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

And I thought we are going to go $20000 after it hit $19,609.52 on the first days of December but now it's struggling to even go to the $19500 level it looks like we really need a big push coming from the whales or institutional investors, and why not they are going to help pushing it to another all time high if they want to.

It's struggling because it's obvious that people have sold off due to the price peaking at around $20k. So for now, this is really a big wall. But at least though, the price is not breaking down and still maintain the $19k price, just by trading sideways in the last week. But we shouldn't worry or something, extreme greed is still very high in the 90's, meaning FOMO is still here and the bears are not winning. And there could be some news that will come later, that will get this price to $20k or more.

pilosopotasyo

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Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

And I thought we are going to go $20000 after it hit $19,609.52 on the first days of December but now it's struggling to even go to the $19500 level it looks like we really need a big push coming from the whales or institutional investors, and why not they are going to help pushing it to another all time high if they want to.

traderethereum

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Quote from: smyslov on December 04, 2020, 04:53:48 PM

Quote from: jubalix on December 03, 2020, 03:31:46 AM

here comes the 3rd time for 20K I think it's going to do it. Then 30K pretty quick

I have this feeling that we can reach the $20 k mark before the end of the year, there's a lot of positive news coming out we just need one big pump to reach that level, remember we have one big pump that was 10% just last month so I think that it's possible and can be done this month before the month and the year ends.

If bitcoin can get more support from people, it could lift the price to break $19k, but I guess it will not be easy to see the price increase again.
The price can be back to $19k, but I am not sure if the price can reach the $20k this month or before the end of the year because that needs more demand at the market.
We can hope that the price can back to $19k and still increase more.
But to reach $30k, that will need more time, and maybe that will be reached in the next month, which is after the new year.
If $30k can be reached in the next month, that will be gifted to us, and we can celebrate it as the next new ATH.

TravelMug

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Unfortunately, it was a failed attempt as the price goes down $18'ish again (but we are in the weekends anyways). But still a good attempt though, not enough threshold to push it as the lack of volume shows that traders are just having a so-so trading activity.

@smyslov - could be if the trend continues that every December, second or third week, we see the price going up, that is, if it still holds true this year as the price is really taking off from the lower lows in March up to this point.

Topic: 3rd times the charm 20K ok I was wrong, 6ths time the charm - page 2. (Read 884 times)