All Eyes On Bitcoin’s Monthly Close - page 3.

justdimin

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Quote from: STT on September 17, 2022, 07:53:33 PM

Monthly chart we have been sideways since June, lots of movement but net result just sideways drift mostly which is how I would view 2022 in any case. To be positive now needs BTC price action to recover the mid August lows, we are above the 2 day average there is some short term positivity but ultimately we are on a giants causeway its just I cannot trade monthly bars as thats for the larger trade and hold to consider. Since this is the speculation part of the forum normally we do look at something closer to weekly bars and how we will resolve each week, for now we are in recovery and about 21k is quite important to regain and hold.

Yeah true, in fact since the luna deal happened we have been going between 18-22k, sometimes we go above but usually we are around those levels, I do not think that we are ready to move anywhere else just yet. I am not saying that it will be gone forever, all I am saying is that we shouldn't expect it for the time being, we could stay here for a longer term for sure.

I believe I will hold more and more bitcoin for a longer term, I just do not feel comfortable with checking the prices every day since it doesn't make sense for a long term investor like me, so I am not a good source of decision, but it doesn't look like it is going to move big anytime soon.

STT

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Monthly chart we have been sideways since June, lots of movement but net result just sideways drift mostly which is how I would view 2022 in any case. To be positive now needs BTC price action to recover the mid August lows, we are above the 2 day average there is some short term positivity but ultimately we are on a giants causeway its just I cannot trade monthly bars as thats for the larger trade and hold to consider. Since this is the speculation part of the forum normally we do look at something closer to weekly bars and how we will resolve each week, for now we are in recovery and about 21k is quite important to regain and hold.

TravelMug

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Quote from: GeorgeJohn on September 12, 2022, 12:06:11 PM

Quote from: Yaunfitda on September 02, 2022, 03:45:23 AM

And it seems we close the month at $20,100? That price though is still uncertain, chances are we might go down again and hit another lower low? I started this year with a bearish perspective just like the majority of us.

So we have the last quarter to proved otherwise, but I highly doubt that we will go up again. Most likely this will be the price for this year around that numbers and worst case is that we will go lower that $17,500.

The price of Bitcoin is rotational, and we can't continue to have same taught of the price, from the thing's i noticed about bitcoin the price do not stand stagnant. Sometimes we experience bearish and sometimes too we experience bullish, but what you have to know is that the bearish do take alot space or duration more than the bullish, so Bitcoin stand to go below 17k as people anticipated and it also have the chance to increase above our prediction

Or it will just be on a sideway pattern, until there will be a break out run. Bullish and bearish is a cycle in this market, and what we see is some occasional dip and recovery and then we move forward.

And so far the price is below $20k but I doubt that a lower low is going to met in this trend. So we just minor hiccup because of the CPI that really affected a lot of the market around. And then we have 2 weeks more before the end of September so we will see the monthly close again.

Silberman

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Quote from: Zanab247 on September 11, 2022, 12:04:38 PM

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

It is very difficult to give predictions that are so specific especially when there is not really a lot of time left for that prediction to become true, you want the price of bitcoin to double in just 15 days, bitcoin is having problems remaining above 20k dollars and somehow you want bitcoin to double that amount in such a short time, something that simply doesn't look realistic to me or to the majority of the people, maybe this could be possible if we were in a bull market, but during a bear market this is simply impossible.

kotajikikox

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Quote from: calvinweight on August 31, 2022, 12:27:38 PM

As of this video we have 8 hours left in the month. If we close near $20k the trend is projecting a significant drop in September. The good news is that this should be the last one. The last one is the most emotional though so I’m expecting long wicks and lots of liquidations for those that haven’t done their risk management properly. Buckle up since when September is in the books things will start getting fun for years to come.

https://youtu.be/w6bk4SQuiPU

now we are near middle of september and yet we have not seen that significant drop ? when this will happen then? we are now crossing almost the end of the 3rd quarter so we are looking now for the great movement this last quarter of the year?

Davian144

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Quote from: ethereumhunter on September 07, 2022, 10:49:10 PM

Waiting for the market to move can be an exciting activity because if it turns out that the price drops drastically right away, that's a good time to buy some. Yesterday's slump in the market indicates that we are given a good time to buy bitcoins but it looks like not many will be able to use it to buy but just keep waiting. It's great if you just keep waiting and hold on to bitcoins while waiting for the price to rise again. We want to sell bitcoin at the next high, which could be a new ATH later.

I still have the patience to wait for Bitcoin to be at its new ATH again although it can be a little difficult to happen this year because Bitcoin price movements are currently only $22K+ from previously below $20K. And obviously this is a very exciting thing for all those who are still patient to see, because they certainly still have the opportunity to earn more profits if they ever buy Bitcoin at $18K or $20K.

I also continue to think that market conditions will continue to improve (especially in Bitcoin), because I think that the price spike in Bitcoin that occurred in the past few days is a very positive thing for market conditions this month.

sheenshane

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Quote from: GeorgeJohn on September 12, 2022, 12:06:11 PM

Quote from: Yaunfitda on September 02, 2022, 03:45:23 AM

...

The price of Bitcoin is rotational, and we can't continue to have same taught of the price, from the thing's i noticed about bitcoin the price do not stand stagnant. Sometimes we experience bearish and sometimes too we experience bullish, but what you have to know is that the bearish do take alot space or duration more than the bullish, so Bitcoin stand to go below 17k as people anticipated and it also have the chance to increase above our prediction

Because Bitcoin doesn't have infinite growth, it always has a volatile movement that no one knows where's the right direction on it.
I believed that Bitcoin will be in this price range of $20k which is why we noticed it's been struggling to pump up this month, though there's a short resistance it's expected by most that the correction will follow later on.

The best way in accumulating Bitcoin as of now is through a DCA way and hold until the new ATH will come, weak hands will always be a loser and those strong hands will always have a reward at the end.

GeorgeJohn

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Quote from: Yaunfitda on September 02, 2022, 03:45:23 AM

And it seems we close the month at $20,100? That price though is still uncertain, chances are we might go down again and hit another lower low? I started this year with a bearish perspective just like the majority of us.

So we have the last quarter to proved otherwise, but I highly doubt that we will go up again. Most likely this will be the price for this year around that numbers and worst case is that we will go lower that $17,500.

The price of Bitcoin is rotational, and we can't continue to have same taught of the price, from the thing's i noticed about bitcoin the price do not stand stagnant. Sometimes we experience bearish and sometimes too we experience bullish, but what you have to know is that the bearish do take alot space or duration more than the bullish, so Bitcoin stand to go below 17k as people anticipated and it also have the chance to increase above our prediction

dimonstration

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Quote from: Swordsoffreedom on September 12, 2022, 09:40:16 AM

Quote from: yohananaomi on September 12, 2022, 08:42:43 AM

Quote from: Zanab247 on September 11, 2022, 12:04:38 PM

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

I don't think that there will be an increase in September even though now it has started to improve to reach $22K, but if we look at the past 2 months there has only been an increase to $24K+ and there is no ability to increase according to what you predict will be achieved. $40K.
it must be remembered that since the beginning of the year it continued to decline and had time to return to the same price as at the beginning of the year, two months later at the price of $47K+ and after that it continued to decline until now. so I'm not sure that bitcoin will increase soon in September, but it will increase not now maybe early next year to be able to reach your prediction.
about profits, it is clear that anyone who can hold on longer will be able to get very high profits in time.

In this market nothing is certain, does not confirm anything, especially the bitcoin price. September every year is supposed to be the month that doesn't have too many good things for bitcoin and the beginning of the month so far we also see a drop in bitcoin.

40k is the price everyone wants to see now or the end of the year, but in my opinion that goal is very difficult. This September we will have many more events that are expected to adversely affect the bitcoin price. September 16 will be the Mt.Gox bitcoin release event and the September 21 Fed meeting is expected to raise interest rates by 0.75%. I'm not sure how much it will affect, but these 2 events will affect bitcoin, so don't expect a bull market too soon.

Does that September 16 is the confirmed release date of the Mt. Gox funds distribution? I don’t see any official statement coming from Mt Gox officiall and all the article about this topic is just speculation. I remember that Mt Gox team member release an official tweet claiming that most of the Mt. Gox news are just hoax because there’s still no official plan since last August.

Inflation rate in US currently under control base on the last month result. I think this month result will be the game changer for Bitcoin for a possible reversal if the Fed meeting result to more positive news.

Swordsoffreedom

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Quote from: yohananaomi on September 12, 2022, 08:42:43 AM

Quote from: Zanab247 on September 11, 2022, 12:04:38 PM

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

I don't think that there will be an increase in September even though now it has started to improve to reach $22K, but if we look at the past 2 months there has only been an increase to $24K+ and there is no ability to increase according to what you predict will be achieved. $40K.
it must be remembered that since the beginning of the year it continued to decline and had time to return to the same price as at the beginning of the year, two months later at the price of $47K+ and after that it continued to decline until now. so I'm not sure that bitcoin will increase soon in September, but it will increase not now maybe early next year to be able to reach your prediction.
about profits, it is clear that anyone who can hold on longer will be able to get very high profits in time.

In this market nothing is certain, does not confirm anything, especially the bitcoin price. September every year is supposed to be the month that doesn't have too many good things for bitcoin and the beginning of the month so far we also see a drop in bitcoin.

40k is the price everyone wants to see now or the end of the year, but in my opinion that goal is very difficult. This September we will have many more events that are expected to adversely affect the bitcoin price. September 16 will be the Mt.Gox bitcoin release event and the September 21 Fed meeting is expected to raise interest rates by 0.75%. I'm not sure how much it will affect, but these 2 events will affect bitcoin, so don't expect a bull market too soon.

yohananaomi

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Quote from: Zanab247 on September 11, 2022, 12:04:38 PM

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

I don't think that there will be an increase in September even though now it has started to improve to reach $22K, but if we look at the past 2 months there has only been an increase to $24K+ and there is no ability to increase according to what you predict will be achieved. $40K.
it must be remembered that since the beginning of the year it continued to decline and had time to return to the same price as at the beginning of the year, two months later at the price of $47K+ and after that it continued to decline until now. so I'm not sure that bitcoin will increase soon in September, but it will increase not now maybe early next year to be able to reach your prediction.
about profits, it is clear that anyone who can hold on longer will be able to get very high profits in time.

Zanab247

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Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

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Quote from: Davian144 on September 07, 2022, 09:20:46 PM

Really, really not tired of being bear in the current market. Because yesterday I was surprised when I saw the continued decline in the market that made market conditions look worse even though it looked better for those who wanted to buy Bitcoin in a certain amount at a super cheap price. But I still don't hesitate to keep holding Bitcoin and try to hold it for the long term or until my desired price is reached again on Bitcoin.

Waiting for the market to move can be an exciting activity because if it turns out that the price drops drastically right away, that's a good time to buy some. Yesterday's slump in the market indicates that we are given a good time to buy bitcoins but it looks like not many will be able to use it to buy but just keep waiting. It's great if you just keep waiting and hold on to bitcoins while waiting for the price to rise again. We want to sell bitcoin at the next high, which could be a new ATH later.

Davian144

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Quote from: Alisha-k on September 04, 2022, 03:18:00 PM

Bitcoin closed around $20207 last month an the fear of a persistent bear market is likely to happen in the 3rd quarter of the year. The bear even kept pushing down ward in the first four days of september. If there could be a possible market recovery it will be too difficult to tell because it seems the bears are not getting exhausted at all

Really, really not tired of being bear in the current market. Because yesterday I was surprised when I saw the continued decline in the market that made market conditions look worse even though it looked better for those who wanted to buy Bitcoin in a certain amount at a super cheap price. But I still don't hesitate to keep holding Bitcoin and try to hold it for the long term or until my desired price is reached again on Bitcoin.

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Quote from: calvinweight on August 31, 2022, 12:27:38 PM

As of this video we have 8 hours left in the month. If we close near $20k the trend is projecting a significant drop in September. The good news is that this should be the last one. The last one is the most emotional though so I’m expecting long wicks and lots of liquidations for those that haven’t done their risk management properly. Buckle up since when September is in the books things will start getting fun for years to come.

https://youtu.be/w6bk4SQuiPU

but week after your post? yet the trend still falling so your link does not comply to what you wanted to imply to the forum.
20k wasn't the lowest because now as we speak there is a 19k holding but still chane to fall back again to 18k.
and this is not the last emotional time as there are more to come this whole 2022 as we are near to enter the last quarter.

Dave1

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Quote from: adaseb on September 03, 2022, 12:05:24 AM

I think all eyes will be on sept 13th which is significant because it’s when the ETH merge happens and when the CPI is released.

Oh, I thought that it is going to happen on Sept 6. That's why I was surprised to see the damage on the price near the ETH merge but I was wrong with the date. Although the market has bounce back to the $19k'ish and maybe on the 13th we may see some pump in the whole crypto because of the said merge.

Quote from: adaseb on September 03, 2022, 12:05:24 AM

The CPI is important because if we get a low number then we will rally hard. If we get something high like 1% again then we will dump hard since it means more rate hikes.

I agree, whenever the monthly CPI is released the market reactive positive or negative, just like the rest of other traditional markets. So this is again very important to watch.

STT

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Looking at the monthly bar is not giving any great significance, the Aug bar traded mostly within the range of the prior bar July and reflected that increasingly the price was constricted. We have broken that price range now it would seem, we had a larger movement on the 6th as it broke downwards back into the teens; this conclusion must not be confirmed in order to be valid.
I think now if we cannot regain that lost range for August end then we should be ready for a larger bias downwards. Positive recovery is what we have today onwards & above 19.2k we are above a 2 day average but it has to keep building in that way or its a far larger danger that its a lower ledge we fall to.][

Alisha-k

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Bitcoin closed around $20207 last month an the fear of a persistent bear market is likely to happen in the 3rd quarter of the year. The bear even kept pushing down ward in the first four days of september. If there could be a possible market recovery it will be too difficult to tell because it seems the bears are not getting exhausted at all

Reid

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I have always thought the last bear did happen and we are now on a portion where patience is crucial.
Who will give up? Who have the weakest hands to let go of their investment just because of impatience? Dejavu of what happened before where we are also in a moment that nothing can be done but wait.
And if it's true that the number of weak hands did increase then yes, another plummet will come.
Almost 4 months now that we are playing at 18-21k. I think that's a good sign.

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Quote from: adaseb on September 03, 2022, 12:05:24 AM

I think all eyes will be on sept 13th which is significant because it’s when the ETH merge happens and when the CPI is released.

The CPI is important because if we get a low number then we will rally hard. If we get something high like 1% again then we will dump hard since it means more rate hikes.

All of us already marked that dates but first, we are looking forward on what will the price be of bitcoin before we end this month of august because that will usually have an impact on the start of a new month. So, btc declined a little bit during the last minutes of august which resulted for us to see a 19k dollar in price this September.

I think the bloodbath may continue for the next 2 to 3 weeks. Eth on the side can just continue on its transition from proof of work to proof of stake and that may caused a price boost on its own value which could also affect some of the altcoins and tokens but not in btc because btc is on a different line.

Topic: All Eyes On Bitcoin’s Monthly Close - page 3. (Read 781 times)