Topic: $9,800 will be the target for current uptrend, bullets are fired. (Read 385 times)

Now the price of bitcoin had reached the maximum value of 8750$,your target price will achieved by tomorrow.
If the price of bitcoin reaches 9800$ by tomorrow means,many will get happier to sell the bitcoin with high price including myself.The price of bitcoin will reach more than 11,000$ before chinese New year.

Exactly this. We are entering classic head and shoulders pattern here. I expect that people who dipped and sold and the bottom are uncertain of the next move.
And people who bought are scared to collect their profit yet, which may cause the prolonged time of market uncertanity.
Anyway, I think that this news: http://www.globalcryptopress.com/2018/02/us-gov-gives-cryptocurrency-green-light.html is gonna take us higher!

Right now the market is bullish but on the stable side(if that makes sense), as we have seen BTC can go on bull runs of $1000 in few hours, but right now it's more of a stable increase. This is a very good for the market, and easily has the potential to reach $10k and beyond.

Currently, BRC is consolidating around $8,100, but is you take a close look at the daily chart, you will find that volumes are increasing, indicating that price is ready to move up, and the target will be $9,800. But the overall downtrend stays intact.

Check the analysis from Chinese analyst Kuang Ren and feel free to leave your comments:

Judging by volumes on hourly chart, this time, price holds greater chance to move above MA 5 again when compared with last surge as marked. Basically, the expanding volumes indicate the enthusiasm of main funds to push price up. That’s why I insist that price will break above MA 5.

$8,000 and $9,800 are strong resistance on daily chart, if price breaks above $8,000 tonight just like how it did that in last 2 attempts, it’s very likely for price to bounce back to around $9,800, meaning that positions set around $8,000 will be unlocked. However, we can’t make any judgement about how price will move after getting to resistance level. Please keep in mind that current wave of uptrend is only part of the pullback on weekly chart, bottom after current move is unknown to all of us. Being cautious is recommended.

Last week, I stated in my analysis that price will keep stable in the next 1-2 weeks, now price is moving as expected. You can hold on to your chips.

Original by Kuang Ren, translated by AICoin Jami.

Go to https://www.aicoin.net.cn/article/13337.html for full-version analysis.

But what's happening at the moment is that some bulls are already quietly accumulating BTC while everyone else is busy doing estimates as to when would be the best entry price in the current market situations. Ideally, anything below $10k is a steal buy, given that the lowest point we've been into since the incredible bull run is @ $6000 which is already a lot higher floor to take off from compared to the previous run's $600. It might consolidate @ $9000 before refueling for another spectacular bull run. The question is, when would this happen and what would trigger it?

I think we're in a really good position to be reversing trends right now. We've just had a lot of bullish news surrounding bitcoin and more more importantly good news regarding US regulation. As people start to realize we're not going down any further they will realize their mistake and try to buy back in. I just hope for a slow but steady growth back to the $10k mark.

it is a little hard for me to believe that $9800 will be the target because some price levels are kind of "fate sealing" if that's a thing! what i mean is if price goes closer to the major buy support that everyone knows which was at $10k that can practically turn some switches on in some traders to jump in with both feet and price may shoot up above $10k so much faster and easier than any other time.

For now, The bulls (probably) are starting to accumulate btc little by little before bullish trend occur.

Currently, BRC is consolidating around $8,100, but is you take a close look at the daily chart, you will find that volumes are increasing, indicating that price is ready to move up, and the target will be $9,800. But the overall downtrend stays intact.

Check the analysis from Chinese analyst Kuang Ren and feel free to leave your comments:

Judging by volumes on hourly chart, this time, price holds greater chance to move above MA 5 again when compared with last surge as marked. Basically, the expanding volumes indicate the enthusiasm of main funds to push price up. That’s why I insist that price will break above MA 5.

$8,000 and $9,800 are strong resistance on daily chart, if price breaks above $8,000 tonight just like how it did that in last 2 attempts, it’s very likely for price to bounce back to around $9,800, meaning that positions set around $8,000 will be unlocked. However, we can’t make any judgement about how price will move after getting to resistance level. Please keep in mind that current wave of uptrend is only part of the pullback on weekly chart, bottom after current move is unknown to all of us. Being cautious is recommended.

Last week, I stated in my analysis that price will keep stable in the next 1-2 weeks, now price is moving as expected. You can hold on to your chips.

Original by Kuang Ren, translated by AICoin Jami.

Go to https://www.aicoin.net.cn/article/13337.html for full-version analysis.

it is a little hard for me to believe that $9800 will be the target because some price levels are kind of "fate sealing" if that's a thing! what i mean is if price goes closer to the major buy support that everyone knows which was at $10k that can practically turn some switches on in some traders to jump in with both feet and price may shoot up above $10k so much faster and easier than any other time.

I think the most important thing for now is to not focus on a recovery over the $10k level, which is why I prefer to remain a bit conservative till we're really out of the current phase. People in general tend to get bearish pretty quickly, and the same goes up for their bullish periods. I have noticed how people are already throwing with predictions again, but in current market the main point of importance is patience, because we will NOT move back up to $15k levels for a good while. In order to do so, the market needs a major bullish trigger, and whatever that turns out to be, is at this point still not known. It's really a great time for people looking to accumulate over a longer period of time.

Currently, BRC is consolidating around $8,100, but is you take a close look at the daily chart, you will find that volumes are increasing, indicating that price is ready to move up, and the target will be $9,800. But the overall downtrend stays intact.

Check the analysis from Chinese analyst Kuang Ren and feel free to leave your comments:

Judging by volumes on hourly chart, this time, price holds greater chance to move above MA 5 again when compared with last surge as marked. Basically, the expanding volumes indicate the enthusiasm of main funds to push price up. That’s why I insist that price will break above MA 5.

$8,000 and $9,800 are strong resistance on daily chart, if price breaks above $8,000 tonight just like how it did that in last 2 attempts, it’s very likely for price to bounce back to around $9,800, meaning that positions set around $8,000 will be unlocked. However, we can’t make any judgement about how price will move after getting to resistance level. Please keep in mind that current wave of uptrend is only part of the pullback on weekly chart, bottom after current move is unknown to all of us. Being cautious is recommended.

Last week, I stated in my analysis that price will keep stable in the next 1-2 weeks, now price is moving as expected. You can hold on to your chips.

Original by Kuang Ren, translated by AICoin Jami.

Go to https://www.aicoin.net.cn/article/13337.html for full-version analysis.

Yup!

2H chart shows a good uptrend.
4H chart is ending the downtrend.