All Eyes On Bitcoin’s Monthly Close - page 2.

Kemarit

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Quote from: slaman29 on September 30, 2022, 12:58:11 AM

Quote from: ?? on ??

Quote from: sayaya17 on September 26, 2022, 06:47:39 PM

Bitcoin's performance in September was disappointing,

For many, there was no particular disappointment. September has historically often been a bad month for bitcoin, so it was definitely not worth waiting for some supernatural events in the bitcoin market. If bitcoin goes below $17,000 in October, then you can forget about $30,000 for a while. Investors will be begging for bitcoin to return to the $20,000 mark. Few wanted to believe at the end of last year that Bitcoin would almost always be in the red in 2022. Now the market is giving them a good opportunity to admit they were wrong.

Indeed, only disappointing if you had expected a rally above $22000, knowing that the world is falling apart, war is getting more, new wars are becoming bigger threats, prices of goods and supply are all rising and recession is coming.

Bitcoin by now we should all realize isn't the asset to go rising sky high when the world is in crisis even it is an asset that won't disappear to zero unlike many other fiats.

I don't know why people keep letting themselves get disappointed

That's just one part of the equation, you let your self disappointed in this market, and if so, what will be your plan B? for sure there's none for them. They are going to be disappointed though, as the market is going to fall because of the world recession, not just us, but other markets like stocks, which shows that we are interconnected after all. So once those investors got disappointed, they can't just say that they will shift to others because everything is going down.

And the best thing to do is to really choose whether stocks or bitcoin as our vehicle to get out of the current world situation. And for us, it's easy choice, we better stick with Bitcoin and wait till the next bull run.

slaman29

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Quote from: ?? on ??

Quote from: sayaya17 on September 26, 2022, 06:47:39 PM

Bitcoin's performance in September was disappointing,

For many, there was no particular disappointment. September has historically often been a bad month for bitcoin, so it was definitely not worth waiting for some supernatural events in the bitcoin market. If bitcoin goes below $17,000 in October, then you can forget about $30,000 for a while. Investors will be begging for bitcoin to return to the $20,000 mark. Few wanted to believe at the end of last year that Bitcoin would almost always be in the red in 2022. Now the market is giving them a good opportunity to admit they were wrong.

Indeed, only disappointing if you had expected a rally above $22000, knowing that the world is falling apart, war is getting more, new wars are becoming bigger threats, prices of goods and supply are all rising and recession is coming.

Bitcoin by now we should all realize isn't the asset to go rising sky high when the world is in crisis even it is an asset that won't disappear to zero unlike many other fiats.

I don't know why people keep letting themselves get disappointed

Dave1

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Quote from: ?? on ??

Quote from: sayaya17 on September 26, 2022, 06:47:39 PM

Bitcoin's performance in September was disappointing,

For many, there was no particular disappointment. September has historically often been a bad month for bitcoin, so it was definitely not worth waiting for some supernatural events in the bitcoin market. If bitcoin goes below $17,000 in October, then you can forget about $30,000 for a while. Investors will be begging for bitcoin to return to the $20,000 mark. Few wanted to believe at the end of last year that Bitcoin would almost always be in the red in 2022. Now the market is giving them a good opportunity to admit they were wrong.

Well what do you expect, we are in a bear market so I will say that maybe we should expect this kind of movement?
$20k is still our biggest hurdle now, but looking at the price at the end of the month, around $19,400? might be a good indication that we can touch it maybe in October.

People often do not admit to their faults, but it's obvious that it's taking a toll to investor, specially newbies who think that bear market is really that bad but if you look at it closely, this is the time to accumulate.

justdimin

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Quote from: Mpamaegbu on September 27, 2022, 04:44:20 AM

Quote from: GeorgeJohn on September 26, 2022, 07:42:21 PM

Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin

Except for mischief makers, I'm not sure most of those who give contrary analyses do so intensionally. We've to take into cognizance the fact that trading is highly a speculative profession and as such predictions can go either way from what it's expected to do.

On the topic at hand, I've not really taken out time to monitor monthly close of Bitcoin. Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.

It is obviously a speculative thing but when you have little knowledge about how it works and you share your ideas anyway, that means you are doing that purposefully and you want to be right but you know that there is a good chance that you could be wrong. Sharing your speculations comes with a responsibility and that mean people will read it and even if one person is convinced because of it, then you are taking the responsibility of that persons profits or losses.

I know that people could get away with it saying "I just shared my opinion" but it's still unethical if you have no idea how any of this works. If you are a veteran who knows what they are saying and still fail that's fine, it's the newbies who make up stuff from their gut feeling that is the problem.

kapalmabur

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Bitcoin support according to the chart is at a price of $ 17.5 to $ 18k and currently Bitcoin is able to hold on,
of course this is a good sign because this month is coming to an end and only a few hours left,
if Bitcoin price is still above support until the end of September, I'm sure bitcoin will rebound in October.

GeorgeJohn

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Quote from: Mpamaegbu on September 27, 2022, 04:44:20 AM

Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.

That's while we have to scrutinized and know the aspect we are good at, because of lost. But from my observation and perspective towards trading, i note that trading has more of risk factor than purchasing any cryptocurrency and hold. Because the risk in trading involve a mistake and each of the mistake can take away all the funds you generate for one year, so it's very better to purchase and hold and if the market is not encouraging you can convert to stable coin.

fzkto

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Quote from: Mpamaegbu on September 27, 2022, 04:44:20 AM

Quote from: GeorgeJohn on September 26, 2022, 07:42:21 PM

Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin

Except for mischief makers, I'm not sure most of those who give contrary analyses do so intensionally. We've to take into cognizance the fact that trading is highly a speculative profession and as such predictions can go either way from what it's expected to do.

On the topic at hand, I've not really taken out time to monitor monthly close of Bitcoin. Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.

Monthly candle closes can also attract many traders if the candle is green. It doesn't really matter how the price moves right now. This can be clearly seen on today's chart, where the pump and dump happened. The same can happen on a longer timeframe as well. Even the current monthly candle might close below the previous bottom, then waiting for the next candle will become even more intriguing. Personally, I think October will be positive, but manipulations like today's will knock weak investors out of the market.

Mpamaegbu

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Quote from: GeorgeJohn on September 26, 2022, 07:42:21 PM

Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin

Except for mischief makers, I'm not sure most of those who give contrary analyses do so intensionally. We've to take into cognizance the fact that trading is highly a speculative profession and as such predictions can go either way from what it's expected to do.

On the topic at hand, I've not really taken out time to monitor monthly close of Bitcoin. Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.

GeorgeJohn

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Bitcoin is achievement

Quote from: newdevices on September 23, 2022, 12:05:37 PM

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin, some bitcoin can only get accelerate when the demands is higher than the supply, making a gesture that the price will experience a bullish December, i think it's bad. Because i believe that increase when the market is full of demands.

sayaya17

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Quote from: dark1234 on September 26, 2022, 05:55:56 PM

it is undeniable that September is the month of more declines and price speculation from some traders which makes someone trapped in it, maybe sometimes we have to have principles and be smarter in trading so that we are not affected

Quote from: justdimin on September 25, 2022, 12:03:39 PM

, that is why it's much more important to make a change in the person trading with learning at the same time, and study. If we just get the results from someone else, if they are wrong, we can't help them get better for the next time.

with an experience from the trading journey from the start, we will be able to find a more valuable direction because it is our path and decisions that determine

Bitcoin's performance in September was disappointing, I saw more Bitcoin dropping below $20k. Even now Bitcoin is still at $19k, which seems
very difficult for Bitcoin price to go back above $20k. I hope that later in October Bitcoin's performance will improve and can rise to the price of $30k,
especially near the end of the year Bitcoin prices usually go up. So it's very lucky if we take advantage of this September by buying more Bitcoins.

We can learn from previous Bitcoin movements, where buying Bitcoin at low prices is very profitable, because no matter how deep the Bitcoin price falls,
it is certain that the Bitcoin price will recover again and will rise to a higher price. So don't be influenced by the opinion of people who are pessimistic
about the future of Bitcoin, because if we want to be successful in the crypto world, don't be easily influenced by other people's opinions which are
not necessarily accurate. We have to start doing our own research and analysis to determine the decisions we make, because in my opinion only
ourselves can be trusted in the crypto world.

dark1234

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it is undeniable that September is the month of more declines and price speculation from some traders which makes someone trapped in it, maybe sometimes we have to have principles and be smarter in trading so that we are not affected

Quote from: justdimin on September 25, 2022, 12:03:39 PM

, that is why it's much more important to make a change in the person trading with learning at the same time, and study. If we just get the results from someone else, if they are wrong, we can't help them get better for the next time.

with an experience from the trading journey from the start, we will be able to find a more valuable direction because it is our path and decisions that determine

justdimin

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Quote from: Wawa2013 on September 24, 2022, 02:11:43 AM

It will only make us stressed and make wrong decisions if we think too much about other people's predictions, which are not necessarily accurate predictions of others. We just focus on the results of our own research and analysis, because in the crypto world the most trustworthy are ourselves. It doesn't matter if our predictions are wrong and it turns out that Bitcoin has dropped to the price of $10k, we don't panic if that happens.

Sometimes it's normal for Bitcoin to move differently from our expectations. We only need to hold the Bitcoin we have until the price recovers and rises again, because if we study the history of Bitcoin movement, we will know the fact that every time the price of Bitcoin falls, it can always bounce back to a much higher price. The most important thing is never to sell the Bitcoin that we have at a low price, as long as we have not sold the Bitcoin that we have, even though the price is down, we haven't lost. But based on my analysis, it doesn't look like Bitcoin will drop below $18k, this means that buying Bitcoin at the current price includes buying Bitcoin at a low price.

Yes, if we keep trusting what others are doing then we are going to end up being unhappy about it at all times. It's wiser to make sure that we end up with something of our own, that way we could end up with a good return and if we ever make a mistake then we could learn from our mistakes as well and make a better return.

This is something that could be improved upon, it could be something that we could perfect in the long run, that is why it's much more important to make a change in the person trading with learning at the same time, and study. If we just get the results from someone else, if they are wrong, we can't help them get better for the next time.

maydna

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Quote from: Wawa2013 on September 24, 2022, 02:11:43 AM

Quote from: maydna on September 23, 2022, 10:31:17 PM

Quote from: newdevices on September 23, 2022, 12:05:37 PM

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

In the future, bitcoin is sure to be above $18k. But for now, we have to settle for seeing bitcoins below $20k. But if the time comes for bitcoin to start rising again, we will see a big move from bitcoin, affecting the price to start rising high. And that's when we can start taking advantage.

You don't need to listen to the predictions of people who say the price will be at $10k because it hasn't happened, and we also don't know if it will happen or if it is just a prediction. You better prepare yourself by having more bitcoins.

It will only make us stressed and make wrong decisions if we think too much about other people's predictions, which are not necessarily
accurate predictions of others. We just focus on the results of our own research and analysis, because in the crypto world the most trustworthy
are ourselves. It doesn't matter if our predictions are wrong and it turns out that Bitcoin has dropped to the price of $10k, we don't panic if that
happens.

Sometimes it's normal for Bitcoin to move differently from our expectations. We only need to hold the Bitcoin we have until the price recovers
and rises again, because if we study the history of Bitcoin movement, we will know the fact that every time the price of Bitcoin falls, it can always
bounce back to a much higher price. The most important thing is never to sell the Bitcoin that we have at a low price, as long as we have not sold
the Bitcoin that we have, even though the price is down, we haven't lost. But based on my analysis, it doesn't look like Bitcoin will drop below $18k,
this means that buying Bitcoin at the current price includes buying Bitcoin at a low price.

Yes, that's correct. But most people panic when the price starts to move in the other direction than they did before because they don't think it's temporary, and the price can go back to the previous price and start adjusting. And if, in predicting that, we make a mistake and it turns out that the price is moving in the opposite direction, we better look at our previous analysis and study it further so that we know where the error lies and will not make the same mistake later.

And if one day we read other people's predictions about where bitcoin will move, we can analyze how that person can make their predictions so that we can also know the basics. It will add insight and knowledge for us, which will be useful in analyzing market movements. If we often practice our analytical skills, it will benefit us because our trading skills will increase.

GreatArkansas

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Quote from: STT on September 24, 2022, 07:42:50 PM

(.....)
Not quite sure why but I'd like to see BTC break through and hold above the weekly average price, we could get something interest happening there. Many speculate it just heads down, but not so presently it is buoyant.

I'm just hoping for Bitcoin to regain it's level above $20,000. $20,000 is a very significant level for Bitcoin, especially last 2017-2018 which was the peak of Bitcoin after we saw a long bear market.
So, this monthly candle close for Bitcoin and entire cryptocurrency market is very crucial.

STT

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BTC keeps hitting the weekly average, 3 times in about as many days. The main markets are down alot, dollar index rose which is usually in line with bearish sentiment, but BTC just keeps going sideways which is relatively positive vs many other assets. Not quite sure why but I'd like to see BTC break through and hold above the weekly average price, we could get something interest happening there. Many speculate it just heads down, but not so presently it is buoyant.

Wawa2013

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Quote from: maydna on September 23, 2022, 10:31:17 PM

Quote from: newdevices on September 23, 2022, 12:05:37 PM

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

In the future, bitcoin is sure to be above $18k. But for now, we have to settle for seeing bitcoins below $20k. But if the time comes for bitcoin to start rising again, we will see a big move from bitcoin, affecting the price to start rising high. And that's when we can start taking advantage.

You don't need to listen to the predictions of people who say the price will be at $10k because it hasn't happened, and we also don't know if it will happen or if it is just a prediction. You better prepare yourself by having more bitcoins.

It will only make us stressed and make wrong decisions if we think too much about other people's predictions, which are not necessarily
accurate predictions of others. We just focus on the results of our own research and analysis, because in the crypto world the most trustworthy
are ourselves. It doesn't matter if our predictions are wrong and it turns out that Bitcoin has dropped to the price of $10k, we don't panic if that
happens.

Sometimes it's normal for Bitcoin to move differently from our expectations. We only need to hold the Bitcoin we have until the price recovers
and rises again, because if we study the history of Bitcoin movement, we will know the fact that every time the price of Bitcoin falls, it can always
bounce back to a much higher price. The most important thing is never to sell the Bitcoin that we have at a low price, as long as we have not sold
the Bitcoin that we have, even though the price is down, we haven't lost. But based on my analysis, it doesn't look like Bitcoin will drop below $18k,
this means that buying Bitcoin at the current price includes buying Bitcoin at a low price.

maydna

hero member

Activity: 2912

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Quote from: newdevices on September 23, 2022, 12:05:37 PM

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

In the future, bitcoin is sure to be above $18k. But for now, we have to settle for seeing bitcoins below $20k. But if the time comes for bitcoin to start rising again, we will see a big move from bitcoin, affecting the price to start rising high. And that's when we can start taking advantage.

You don't need to listen to the predictions of people who say the price will be at $10k because it hasn't happened, and we also don't know if it will happen or if it is just a prediction. You better prepare yourself by having more bitcoins.

Dave1

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Quote from: adaseb on September 23, 2022, 11:06:38 AM

I am no crypto bear, I am a long time crypto bull but you need to look at the macro. Yields are hitting highs, stocks are about to break yearly lows. Last months inflation was higher than expected. Last employment numbers werent what we wanted to see.

Looks like there is going to be a major correction on housing. Winter is coming and it'll be worse for Europe.

Right now is best to stay put.

Same here in our country, we have weakening exchange against the dollar, the highest for our country in the last 10 years or so. And this could be a sign that the worst is yet to come, but blue chips to crypto. So there could be another correction to come due to inflation and the fed rate hike.

Anyhow, we could wait for everything to settle down, or buy when the price hits low of $18k to mid. And then continue to wait till it goes further down to bottom around $15k.

newdevices

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Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

adaseb

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I am no crypto bear, I am a long time crypto bull but you need to look at the macro. Yields are hitting highs, stocks are about to break yearly lows. Last months inflation was higher than expected. Last employment numbers werent what we wanted to see.

Looks like there is going to be a major correction on housing. Winter is coming and it'll be worse for Europe.

Right now is best to stay put.

Topic: All Eyes On Bitcoin’s Monthly Close - page 2. (Read 781 times)