Are we in a ranging market? | Bitcointalksearch.org

Lasky366

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$BTC Update

Local picture looks bullish as we fixed above the Pivot Point at 1H, keep charting in the Ascending Channel and now have crossed the 11.350$ Horizontal Resistance Zone. However I would require a fixation above the Broken Resistance first, before to jump in long.

Cherylstar86

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Quote from: Lasky366 on August 01, 2020, 12:07:42 PM

In short term BTC looks bit bullish.It's actually trading inside in bullish pattern.If it breakout the zone of $11300 then there is a possibility to to touch around $12k-$12.5k.As a result of this it Will overbought & RSI Will be bearish then we might see a correction from BTC.

On the others side if BTC breakdown the 10900 level then we might see a dump around $10500-$10300.Last time BTC was broken the important $10500 level then touch $11500.There was a possibility to retest at $10500 level but it Was just wicked at $10800.

If BTC break the pattern the we may See a pump & it will create a bearish divergence form. If it breakdown then more possibility to retest 10500 Level.Also we might see another volatile condition of Market.So while you are in trading in $ALT Coins must use stoploss.Better not to create new position. Happy Trading Guys.

English Grametical mistakes should be merginable!

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Hopefully we will see more positive signs right now, and what's ranging nowadays is the aggressiveness of everybody. Every person must be careful and don't take for granted every steps that might be profitable in the future m early selling isn't good unless there's bullrun happening. Road to 20k hasn't come, so observed the proper market trend every now and then, because surprises maybe very thrilling in the future.

Kelvinid

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Quote from: GreatArkansas on August 03, 2020, 04:50:43 PM

Good spot, that bullish pennant there is considered a bullish pattern which is there is a huge possibility that we can spike again once we break that.
But now, as you can see the updated chart, multiple rejections again in lower timeframes. But what I see is, it's still good, not that huge pullback, we are still above $10,000 which is good since this $10,000 level will act now a strong horizontal support for Bitcoin.

Pullback will seems to be possible but I hope it won't be huge enough to drag people selling their Bitcoin that could leads to be in bearish again.
I was seeing a steady line above $11k in the next couple of weeks, then it move slowly to $12k, $13k before we end up this quarter. But a little bit excited to see how market behaves during the BER months since most of the time, the 4th quarter is more in bullish. Maybe I have to expect a positive line and market improvement this time as it happens in the past years.

GreatArkansas

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Good spot, that bullish pennant there is considered a bullish pattern which is there is a huge possibility that we can spike again once we break that.
But now, as you can see the updated chart, multiple rejections again in lower timeframes. But what I see is, it's still good, not that huge pullback, we are still above $10,000 which is good since this $10,000 level will act now a strong horizontal support for Bitcoin.

$crypto$

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Quote from: Kemarit on August 02, 2020, 11:05:05 PM

I think it will be too fast to hit all time high as early as this time. $13,500 to ATH is possible but I don't think it's gonna be this easy. Just barely months after the halving, second wave of pandemic, looming recessions.

We just had a correction, and maybe it may take some time before we can bounce back again to $12,000 or $13,500 and I would rather see a market that will have a steady climb to ATH and not the bubble that we see at the end of 2017. But I will be bullish, but no ATH for 2020.

This is still a recovery in the pandemic period is not impossible with a very strong increase to redeem to $12,000 is a good achievement where this resistance is very strong to be corrected.
To reach ATH, it needs to go through several phases where the bear market will happen either now or it will increase again due to obstacles like having to be faced when the bullrun has really happened, but for ATH we need to hold back because btc is now slightly down and maybe $10,500 will be accomplish again.

Kemarit

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Quote from: Lasky366 on August 02, 2020, 09:09:14 PM

$10.5k was the key level which successfully breakout monthly candle.Monthly candle was closed at $11.35k. That's why it was important to retest the $10.5k level & it was happened so.Now if BTC don’t break the $10.5k level it can hit $13500 level.Also there is a chance to reach ATH if it flipped from $13.5k level.

I think it will be too fast to hit all time high as early as this time. $13,500 to ATH is possible but I don't think it's gonna be this easy. Just barely months after the halving, second wave of pandemic, looming recessions.

We just had a correction, and maybe it may take some time before we can bounce back again to $12,000 or $13,500 and I would rather see a market that will have a steady climb to ATH and not the bubble that we see at the end of 2017. But I will be bullish, but no ATH for 2020.

pooya87

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i know you love bear market but bitcoin has so far been strongly bullish and ever since yesterday that we saw the rise to $12k followed by the correction the market is even more bullish because of that correction. it is still too soon for reaching ATH though, the $12k situation should be a clear indication of that. it still is because of all the sell orders that are placed or are waiting to be placed all the way to the ATH by traders.

Lasky366

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$10.5k was the key level which successfully breakout monthly candle.Monthly candle was closed at $11.35k. That's why it was important to retest the $10.5k level & it was happened so.Now if BTC don’t break the $10.5k level it can hit $13500 level.Also there is a chance to reach ATH if it flipped from $13.5k level.

Zemomtum

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Ir seesm so, we have enter another accuulaton stage which might last for some days but we are still in a strong uptrend.

STT

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The reason that works is the giant amounts of leverage in this market and almost anything related to dollar. There is going to be times when all pockets are bare and the price appears at its worst. Also times when everyone is jolly and the price is booming and people laugh at the idea we could go down at all. Both seem to be happening regularly in BTC all things are possible, we observe a regular rise .

Its not really a regular range, most reliable trades come with a trend but we have something else. Its caught between a pullback that sees us below 2 day but above weekly.

Sanitough

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Quote from: minairia3 on August 02, 2020, 07:56:58 AM

Quote from: Sanitough on August 02, 2020, 07:40:24 AM

IMO, too risky to add at the moment, bitcoin is on a rally, it should be the time to sell and not to accumulate.

Its okay as long as you are an average buyer. If you applied cost averaging, you will not be hurt. We are not sure which is the bottom or top position but we can stabilize it by buying an average price let say for the last two weeks. This is observable and can give us hint.

Yes of course, if we are doing that, it would not hurt our pocket as we are constantly buying when we see an opportunity, but this is recommended only for bitcoins and major altcoins with good liquidity in the market, I applied this before in some coins which I think has a great potential, but they are nowhere to be found now but only the worthless tokens/coins left in my portfolio.

Quote from: minairia3 on August 02, 2020, 07:56:58 AM

But nothing more than happier to buy bitcoin when it is on its lowest depth. If only I had many fiat during the last crash during March then Id probably buy as many as my pocket can cover. But the recent dump from 12k is expected there is always retracement for an abnormal pump.

I always believe that nothing beats that kind of strategy, as what the experts here are saying, "buy the dip, and sell the peak".... the strategy is very easy, you just need to balls to follow the plan every time not your emotion.

tbterryboy

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Honestly this was basically play by play by OP, it actually did break above $11.3k it did reached above $12k and it did had a correction, Jesus Christ how right can one person be? That's it, from now on I am following this dude and what he says, I may not first act upon it but I will check what he says and if he keeps getting it right constantly like he did here, I may have to just put money on what this guy says and act upon it afterwards as well.

I can't believe someone could know something like this from the dollar amount to dollar amount so easily, if the dude said about where it will fall as well that would be basically the dream as well. In any case, TA is not guaranteed thing so do not fall for it right away, but as you can see it could become right time to time as well.

minairia3

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Quote from: Sanitough on August 02, 2020, 07:40:24 AM

IMO, too risky to add at the moment, bitcoin is on a rally, it should be the time to sell and not to accumulate.

Its okay as long as you are an average buyer. If you applied cost averaging, you will not be hurt. We are not sure which is the bottom or top position but we can stabilize it by buying an average price let say for the last two weeks. This is observable and can give us hint. But nothing more than happier to buy bitcoin when it is on its lowest depth. If only I had many fiat during the last crash during March then Id probably buy as many as my pocket can cover. But the recent dump from 12k is expected there is always retracement for an abnormal pump.

Sanitough

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Quote from: CryptopreneurBrainboss on August 02, 2020, 06:48:49 AM

I'm still bullish on bitcoin but not satisfied with my current holdings and longing to add more before the train finally kicks off.

IMO, too risky to add at the moment, bitcoin is on a rally, it should be the time to sell and not to accumulate.
But then, it's really up to you if you will take that risk, I just express my opinion based on my observation as I had a lot of mistakes before trying to ride the FOMO.

if bitcoin will rise more and you buy now, you'll make profit, but that is only for short term as the fear is always present that one day it will start dumping again, I never see enough reason why bitcoin should be consistently bullish, but maybe I'm wrong.

Anyway, good luck, and try to review your decision again and again before putting that trigger.

CryptopreneurBrainboss

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Quote from: Lasky366 on August 02, 2020, 01:40:25 AM

Now if BTC close the 4 hours candle below $11500then it can retest the $11250-11000.With this significant pump of btc lots of shit $ALT Coins was dump as expected. Now all money will enter into Bitcoin & bigcap ALT Coins.[/size]

So now any idea when the reverse will be happening, like when some profit gotten from trading bitcoin and the bigcap altcoins will be moving back into the smallcap alts. I still think there are lots of potential and probably more profit to be made from trading them. Example DeFi tokens aren't done yet, we can still make some cool cash from trading them although currently most alts are down which present a buying opportunity but just trying to figure out when it'll be safer to short my bitcoin for them to get more sats from selling them.

I'm still bullish on bitcoin but not satisfied with my current holdings and longing to add more before the train finally kicks off.

rodskee

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Quote from: cryptomaniac_xxx on August 02, 2020, 04:40:10 AM

Quote from: Lasky366 on August 02, 2020, 01:40:25 AM

Well last time i was told that BTC Looks like in bullish.After sometime i make the post BTC Start to pump.I was told if $BTC breaks the level of $10300 then it can touch 12k which is now $11950.Now if BTC close the 4 hours candle below $11500then it can retest the $11250-11000.With this significant pump of btc lots of shit $ALT Coins was dump as expected. Now all money will enter into Bitcoin & bigcap ALT Coins.

Yes, it seems that we have seen the correction that you are talking about, it went as high as $11.8k then now plummeted to $11.2k, wild price swings.

And seems that it's continuously losing the momentum, it's now residing at $11,141k
sellers are taking profits I guess.
Though we knew that this is just a normal situation due to this volatilities but we also
needed to be careful with taking our position.

Quote from: cryptomaniac_xxx on August 02, 2020, 04:40:10 AM

But I think this is good, we need to see this kind of decline so that we can go and move forward. ETH and XRP has been pump, maybe those who pulled their money from BTC shift it to those two that's why it still continues it's momentum specially ETH.

For those who are positive that this run will be overcome once more placing entry would be
the best thing to from here
Anticipating the market and making your decision according to your own assessment will
bring you more benefits.

cryptomaniac_xxx

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Quote from: Lasky366 on August 02, 2020, 01:40:25 AM

[]

Yes, it seems that we have seen the correction that you are talking about, it went as high as $11.8k then now plummeted to $11.2k, wild price swings. But I think this is good, we need to see this kind of decline so that we can go and move forward. ETH and XRP has been pump, maybe those who pulled their money from BTC shift it to those two that's why it still continues it's momentum specially ETH.

Playerboy450

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Quote from: Lasky366 on August 02, 2020, 01:40:25 AM

Well last time i was told that BTC Looks like in bullish.After sometime i make the post BTC Start to pump.I was told if $BTC breaks the level of $10300 then it can touch 12k which is now $11950.Now if BTC close the 4 hours candle below $11500then it can retest the $11250-11000.With this significant pump of btc lots of shit $ALT Coins was dump as expected. Now all money will enter into Bitcoin & bigcap ALT Coins.

Exactly the last support zone
Scam wicks or not, support zone worked.
BTC dropped 1600 usd from 12100 to 10500 and now traded at 11200

Lasky366

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Well last time i was told that BTC Looks like in bullish.After sometime i make the post BTC Start to pump.I was told if $BTC breaks the level of $10300 then it can touch 12k which is now $11950.Now if BTC close the 4 hours candle below $11500then it can retest the $11250-11000.With this significant pump of btc lots of shit $ALT Coins was dump as expected. Now all money will enter into Bitcoin & bigcap ALT Coins.

STT

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I dont think this is a range now maybe old volume from prior price action and we could be limited near term by an old trend which we passed out of and now acts as something of a ceiling. A formation a bit like this below but I'm not sure it leads to a sell and I wouldnt call it a range just previous pricing has some influence.

Topic: Are we in a ranging market? (Read 305 times)