Bitcoin 2017 - 2021. Better price not yet to come. Be careful

globalpain

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The OGz Club

Quote from: fauzan123 on January 22, 2021, 11:06:13 AM

Quote from: JooBra on December 28, 2020, 04:09:01 PM

Quote from: konflikkastil on December 28, 2020, 02:36:50 AM

Yes, I agreed with you that better price is yet to come. BTC is still going high and it will still go higher in the coming days. Looking at the chart carefully and putting other things into consideration. The rate at which BTC is going we should be looking for some sought of has not happened before because. In my own projections we are still going to see BTC go higher against all odds. BTC presently trading above $25,000. And it's still going high.

The post we wrote are only 1month old and we see what we spoke and what it is now... BTC grow way past 20k so it's a really bullish run.

It's a miracle that this pandemic also benefits crypto users, of course this is one of the main attractions where Work form Home can be a trigger, one of which is a positive movement in bitcoin.

This makes people more interested in getting passive income, of course new things will happen for them, such as investing, trading and even other online businesses they will do, it seems that there are indeed many new users in the world of crypto currencies during a pandemic, of course this makes one the reason the bitcoin price goes up is valid, yeah! mass adoption is happening in this pandemic, and it's very profitable

fauzan123

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Quote from: JooBra on December 28, 2020, 04:09:01 PM

Quote from: konflikkastil on December 28, 2020, 02:36:50 AM

Yes, I agreed with you that better price is yet to come. BTC is still going high and it will still go higher in the coming days. Looking at the chart carefully and putting other things into consideration. The rate at which BTC is going we should be looking for some sought of has not happened before because. In my own projections we are still going to see BTC go higher against all odds. BTC presently trading above $25,000. And it's still going high.

The post we wrote are only 1month old and we see what we spoke and what it is now... BTC grow way past 20k so it's a really bullish run.

It's a miracle that this pandemic also benefits crypto users, of course this is one of the main attractions where Work form Home can be a trigger, one of which is a positive movement in bitcoin.

tranthidung

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Farewell o_e_l_e_o

Update

Price and volume charts

Volume hits its all time high at $123,320,567,399 on 11 Jan 2021. So impressive!
It is a rise of about 50% from 4 Jan 2021. After the all time high, volume is falling to around $70 billion per day

Bump-Hump-Lump-Dump pattern

It is an interesting pattern for bull market
Finally, the 2020 - Jan 2021 parabolic growth is broken and it fits the pattern.
Anyway, let's try to accumulate more bitcoin with such breaks and prepare for next bull round. The parabolic curve is on-going

Don't worry about the recent correction, it is expected

According to the Mayer Multiple bands.
The price has not topped yet for this bull market. The band will be expanded or narrowed down (but it might be expanded more as it is a bull market) and for now the top is around $73k

elisabetheva

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Quote from: konflikkastil on December 28, 2020, 02:36:50 AM

Yes, I agreed with you that better price is yet to come. BTC is still going high and it will still go higher in the coming days. Looking at the chart carefully and putting other things into consideration. The rate at which BTC is going we should be looking for some sought of has not happened before because. In my own projections we are still going to see BTC go higher against all odds. BTC presently trading above $25,000. And it's still going high.

Bitcoin has now reached the renewable ATH again at $ 41,940 and may continue to grow with the development of time but it must be remembered that bitcoin has often done short term in a matter of hours and can go down drastically and increase drastically. so the possibility still could happen.
but this is the time bitcoin and altcoin will update its ATH.

Quote from: JooBra on December 28, 2020, 04:09:01 PM

The post we wrote are only 1month old and we see what we spoke and what it is now... BTC grow way past 20k so it's a really bullish run.

it is true that there has indeed been an increasing movement of bitcoin and it will continue to be done, but once again it must be remembered that bitcoin is already short term and can do anything quickly both down and up.
in fact this is an opportunity for the altcoin to reach its newest ATH.

tranthidung

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Farewell o_e_l_e_o

Happy new year and I have my first update in 2021 for you.

Price maintains its rise since the massive weak down with the return of Western market after a very long holidays.
Price sets it new all time high.
Volume: I talked about volume in previous posts and here you go with new all time high in daily volume (in $) within a first week of 2021
Reminder: there is new all time high for volume but it is in $ value. Keep in mind that daily volume in BTC traded is different and has not yet reached new all time high
The bar chart is for top-20 days in daily volume

JooBra

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Quote from: konflikkastil on December 28, 2020, 02:36:50 AM

Yes, I agreed with you that better price is yet to come. BTC is still going high and it will still go higher in the coming days. Looking at the chart carefully and putting other things into consideration. The rate at which BTC is going we should be looking for some sought of has not happened before because. In my own projections we are still going to see BTC go higher against all odds. BTC presently trading above $25,000. And it's still going high.

The post we wrote are only 1month old and we see what we spoke and what it is now... BTC grow way past 20k so it's a really bullish run.

konflikkastil

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Sovryn - Brings DeFi to Bitcoin

Yes, I agreed with you that better price is yet to come. BTC is still going high and it will still go higher in the coming days. Looking at the chart carefully and putting other things into consideration. The rate at which BTC is going we should be looking for some sought of has not happened before because. In my own projections we are still going to see BTC go higher against all odds. BTC presently trading above $25,000. And it's still going high.

tranthidung

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Farewell o_e_l_e_o

Quote from: tranthidung on November 19, 2020, 09:13:35 AM

If bitcoin breaks $20k and jumps into the Bullish-extension area, it might reach $27k.
Further than that, the Overbought area might help bitcoin moving up to around $49k.

Hey. Eventually, bitcoin almost reached $27,000. Just a few dollars to hit $27,000 about 6 hours ago. The price rocks as expected but the volume has not yet topped it up. If you compare the 26 Dec's volume to highest daily volume this year on 12 Mar, it is only about 65% of the yearly high of volume. It's the point guys.

Let's take a look at history price charts (somewhat fractals) and volume charts for 3 years: 2016, 2017, and 2020 then you will see what I meant.

Additionally, let's look at the history of bitcoin streaks with my thread: Bitcoin Streaks (Rise/ Fall) - 2013 to 2020. Bitcoin is trying to set up its new rise streak since 23 Dec 2020 (my streak definition is for 5⁺-days streak).

Warnings

It is not my financial advice
2 scenarios for the top up of volume
- Bitcoin sets its higher all time high that triggers a huge FOMO-wave
- Bitcoin crashes (pull back or 30% correction) and that cause a huge volume when price weaks all the way down. Something is similar to what happen in March but with less of fear and uncertainty. Only retailers will shake their hands as big men are bullish with bitcoin and they have solid belief in bitcoin.

elisabetheva

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Quote from: ?? on ??

why not yet to come? As far as I know 2020 is better than the previous year,
compare the price of Bitcoin in 2018 and 2019, can it afford to $ 19k? Of course not,
because Bitcoin has not yet started mass adoption, and this year a start for mass adoption.

yes, now you know that 2020 is better than the previous year so bitcoin makes renewable ATH and the possibility that the new ATH will come back in 2021 might be even more fantastic than at the end of this year. we will wait for it because this is a prediction of the Halving that occurs every 4 years.

tranthidung

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Farewell o_e_l_e_o

it is the time to celebrate a new all time high for bitcoin. Yesterday is a really big day for bitcoiners (of course, I hope you did not short bitcoin and short with with too high leverages).

As of writing, bitcoin is trying to keep the price at $20,000 but you should know on BitMEX hours ago the highest price is $22273. It is not because of support and demand but it comes from liquidations. It is the reason I told you to be careful.

Some points to note:

Bitcoin hits its new all time high
The volume is still low and is about 59.8% of Volume's All time high at $74.16 billion on 13 Mar 2020
If you sort out the daily volume, yesterday has its volume is ranked at 48th position

Code:

+------------------------------+
   | rank Date volumebil |
   |------------------------------|
   1. | 1 13-Mar-20 74.15677 |
   2. | 2 30-Apr-20 66.96463 |
   3. | 3 10-May-20 63.32528 |
   4. | 4 8-Oct-20 63.31479 |
   5. | 5 26-Nov-20 61.39684 |
   6. | 6 7-May-20 61.1127 |
   7. | 7 29-Apr-20 60.20105 |
   8. | 8 11-May-20 57.11986 |
   9. | 9 29-Oct-20 56.4995 |
  10. | 10 14-May-20 56.42691 |
  11. | 11 20-Mar-20 54.44298 |
  12. | 12 10-Sep-20 54.40644 |
  13. | 13 12-Mar-20 53.98036 |
  14. | 14 8-May-20 51.78075 |
  15. | 15 24-Nov-20 51.46957 |
  16. | 16 19-Mar-20 51.00073 |
  17. | 17 26-Feb-20 50.42005 |
  18. | 18 1-Dec-20 49.63366 |
  19. | 19 6-May-20 49.37189 |
  20. | 20 13-Feb-20 49.35607 |
  21. | 21 18-Nov-20 49.0648 |
  22. | 22 24-Mar-20 48.22191 |
  23. | 23 15-May-20 48.1588 |
  24. | 24 30-Nov-20 47.72848 |
  25. | 25 2-Apr-20 47.66064 |
  26. | 26 18-Feb-20 47.27102 |
  27. | 27 3-May-20 47.10178 |
  28. | 28 19-Feb-20 46.99202 |
  29. | 29 9-Mar-20 46.937 |
  30. | 30 6-Apr-20 46.8969 |
  31. | 31 16-Apr-20 46.78324 |
  32. | 32 9-May-20 46.56612 |
  33. | 33 23-Mar-20 46.49192 |
  34. | 34 17-Feb-20 45.9983 |
  35. | 35 4-May-20 45.7188 |
  36. | 36 13-May-20 45.55814 |
  37. | 37 27-Feb-20 45.4702 |
  38. | 38 16-Mar-20 45.36803 |
  39. | 39 11-Sep-20 45.20112 |
  40. | 40 26-Jun-19 45.10573 |
  41. | 41 24-Feb-20 45.0805 |
  42. | 42 20-Feb-20 44.92526 |
  43. | 43 5-Sep-20 44.91656 |
  44. | 44 14-Jan-20 44.84179 |
  45. | 45 28-Feb-20 44.60545 |
  46. | 46 25-Mar-20 44.59011 |
  47. | 47 26-Oct-19 44.49625 |
  48. | 48 16-Dec-20 44.40901 |
  49. | 49 7-Apr-20 44.24348 |
  50. | 50 1-May-20 44.06839 |
   +------------------------------+

tranthidung

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Farewell o_e_l_e_o

Quote from: maydna on December 02, 2020, 10:41:59 PM

You are right. If we can learn from experience before, especially when we made a mistake, that can improve our skills. I am sure that if we can get the point of the mistake and learn how to avoid the other mistake, we can profit in the future. Bitcoin is still fluctuating, and I am not sure if there is a sign of increasing higher, but I see that you can use the fluctuating for your own benefits.

Getting profit for that percentage is more than enough in these situations because not many of us can make that profit in that percentage. So we need to grateful that we can still make a profit. The bitcoin price will reach $20k someday, and if that is not happening this month, we don't have to worry because it will happen in the future.

You are right on the hidden chances to get profits from fluctuations. Big falls or big rises rarely happen, once in a few months (3 to 4 months) but fluctuations happen everyday. Why do I need to have 10% of rise to get profit? 1 percent of profit everyday (in fact you can get more than 2 repetitions each day) and 30 days, I can get 30% of profits from my capital. No need to hopelessly wait for 10%, 20% or 30% of increase in value within a few days.

As said, my priority is protect my capital, not to increase it by taking risks.

My words sound like I am a parsimonious investor or trader. Cheesy

maydna

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Quote from: tranthidung on December 02, 2020, 12:22:56 AM

Quote from: maydna on December 01, 2020, 10:41:57 PM

~snip~

It depends upon perspective and trading or investment strategies of each person. I learned from my past experience and now I will take profit at the points I identify (I could be correct or not correct with my calculation) though the price could rise up higher than my expectation. Today bitcoin is fluctuating around $18,500 and if it reaches $20,000, it will be nearly 8% of rise.

If I want to get 8% of profit, I cash out days ago at $18700, bought back at $17000 and here I go with 8.8% profit today. I would not lose any profit and get more. As said, my core approach is protection for my capital and already earned profit on screen. Why should I take risks on both losing my current profit just to get 8% more?

You are right. If we can learn from experience before, especially when we made a mistake, that can improve our skills. I am sure that if we can get the point of the mistake and learn how to avoid the other mistake, we can profit in the future. Bitcoin is still fluctuating, and I am not sure if there is a sign of increasing higher, but I see that you can use the fluctuating for your own benefits.

Getting profit for that percentage is more than enough in these situations because not many of us can make that profit in that percentage. So we need to grateful that we can still make a profit. The bitcoin price will reach $20k someday, and if that is not happening this month, we don't have to worry because it will happen in the future.

dzungmobile

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Quote from: ?? on ??

why not yet to come? As far as I know 2020 is better than the previous year,
compare the price of Bitcoin in 2018 and 2019, can it afford to $ 19k? Of course not,
because Bitcoin has not yet started mass adoption, and this year a start for mass adoption.

What is a mass adoption? Do you have any definition for it? Or it will be lifted up over years. Adoption began more than one decade ago since the two pizzas bought by Bitcoin. For mass adoption, I don't know a clear definition for it.

tranthidung

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Farewell o_e_l_e_o

Quote from: BTCappu on December 01, 2020, 02:16:55 PM

Since we are in a situation where it is going down and up constantly without really us being able to predict it, I would say leverage would be super dangerous at these days anyway, without looking at any charts.

Calculation, not prediction. Especially if you are using leverage trades, you have more due reasons to calculate price (entry and exit). Leverage trading is not gambling.

Quote from: maydna on December 01, 2020, 10:41:57 PM

You did great for taking your profit because many people don't profit when the price increases instead of waiting for another high price. That is not good for them, but they still do that over and over without realizing that the price will not stay at that high price. When we can see the profit appear at the market, perhaps, we can analyze for a bit to see if the price will still go up or down and if the situations are not good for the price to increase, perhaps, we need to take the profit and wait for another time to buyback.

It depends upon perspective and trading or investment strategies of each person. I learned from my past experience and now I will take profit at the points I identify (I could be correct or not correct with my calculation) though the price could rise up higher than my expectation. Today bitcoin is fluctuating around $18,500 and if it reaches $20,000, it will be nearly 8% of rise.

If I want to get 8% of profit, I cash out days ago at $18700, bought back at $17000 and here I go with 8.8% profit today. I would not lose any profit and get more. As said, my core approach is protection for my capital and already earned profit on screen. Why should I take risks on both losing my current profit just to get 8% more?

maydna

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Quote from: tranthidung on December 01, 2020, 08:40:56 AM

Quote from: maydna on November 30, 2020, 11:27:59 PM

Bitcoin price finally can break $19k and now hit the new ATH Grin

Sooner or later, the bitcoin price will go to $20k, and perhaps, that can happen this month.

Capital protection is the best thing and must be done. I take profit at the price I identify by my formula and wait for pull back to enter again. At the end, you need to cash out your capital in stable coins or fiat. I of course dedicate a fixed amount of bitcoin that I won't sell.

You did great for taking your profit because many people don't profit when the price increases instead of waiting for another high price. That is not good for them, but they still do that over and over without realizing that the price will not stay at that high price. When we can see the profit appear at the market, perhaps, we can analyze for a bit to see if the price will still go up or down and if the situations are not good for the price to increase, perhaps, we need to take the profit and wait for another time to buyback.

BTCappu

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Quote from: tranthidung on November 17, 2020, 07:45:52 AM

I warn you should be cautious if you are trading with high leverages due to 2 visual things from the chart:

Bitcoin blasts off and moves all the way up in short period
After reaching its peak, it weaks all the way down in short period too

BUT the volume chart shows the rise in 2020 has not yet reached its biggest momentum (in volume). It is a thing to note and keep in mind.

Anyway, it is not my financial advice and use the leverage you can control of liquidation risks and make your plan to take profits. Personally, I take profits in different batches. I don't take profits in one order or at one price or in one day. For you, it is your decisions.

In financial games, when everyone is talking about one thing, you know what to do.

Since we are in a situation where it is going down and up constantly without really us being able to predict it, I would say leverage would be super dangerous at these days anyway, without looking at any charts. Think about it, we are in a situation where we went to 19k+ first, dropped under 17k and now we are focusing on going over 18k+ and that means if you pick a leveraged position and if you are right, you could make insane amount of profit, like amount of profit we could never see anywhere, making 100x returns from it.

However if you are wrong, there is no way that you could come back from it, with just one small mistake you could lose all of your money, which is why I think it would not be smart to risk all the money you have in return of a 100x profit chance, it would be smarter to focus on more realistic stuff like maybe making 10% return.

tranthidung

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Farewell o_e_l_e_o

Quote from: lepbagong on November 28, 2020, 10:36:38 PM

Bitcoin is now a short term, can increase quickly and fall too like that.

Blast off and weak all the way down. People will buy up like they won't have another chance to buy bitcoin.

Quote from: GelatikKembar on November 29, 2020, 10:22:08 AM

How come it's not here yet? it is very clear, the Bitcoin price can break through $ 19,000 before the correction comes,
the correction that occurs is very reasonable, because it is certain that it is a healthy correction,

The question is "If you believe bitcoin will break $19,000 that tried to break off $20,000, will you close your eyes and buy like mad investor?" Or you will wait for correction, pull back?

Which decision is safer for you? Which one can help to protect your capital better?

Quote from: Nellayar on November 29, 2020, 05:02:50 PM

Its still possible for bitcoin to move higher. I am still bullish in bitcoin because based upon its dna, it pushes upward whenever it breaks its ath price. See what happen to last pumped, bitcoin pushed more than what we think of. The correction for bitcoin is still healthy, there is no signs yet that bitcoin will take the reversal period. Let us just be positive in market and wait till bitcoin double up its price.

How many times people said this time bitcoin will not be pulled back to where it takes off again and eventually they were wrong? Adoption, institutional investments or anything else that are positive won't make sure bitcoin won't be pulled back.

Quote from: darewaller on November 30, 2020, 11:19:01 PM

Accumulation period is always a period I am afraid of, many rich people accumulate bitcoin (or any investment product) during the same period but the poor people have very little amount of money they can risk, which means we do not accumulate not only because we are afraid, but we are also poor so we do not accumulate, we just invest with small amounts.

Whales however just wait and live for these moments, they keep on investing like crazy during the downfall so they could take advantage of the increase, if the price goes down even more like we fear, they will just continue to buy because they have so much money, same thing would hurt us a ton. This is why I think accumulation period is something for the rich people and not for the people who can't afford thousands of entry each time.

Crypto whales and financial whales are different. Bitcoin and crypto market operate in their own ways and rules. There are some common characteristics but they have many differences.

Quote from: maydna on November 30, 2020, 11:27:59 PM

Bitcoin price finally can break $19k and now hit the new ATH Grin

Sooner or later, the bitcoin price will go to $20k, and perhaps, that can happen this month.

Capital protection is the best thing and must be done. I take profit at the price I identify by my formula and wait for pull back to enter again. At the end, you need to cash out your capital in stable coins or fiat. I of course dedicate a fixed amount of bitcoin that I won't sell.

maydna

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Quote from: Nellayar on November 29, 2020, 05:02:50 PM

Quote from: GelatikKembar on November 29, 2020, 10:22:08 AM

How come it's not here yet? it is very clear, the Bitcoin price can break through $ 19,000 before the correction comes,
the correction that occurs is very reasonable, because it is certain that it is a healthy correction,
we have entered a season where it is said that this season is a bullish season for cryptocurrencies!

Its still possible for bitcoin to move higher. I am still bullish in bitcoin because based upon its dna, it pushes upward whenever it breaks its ath price. See what happen to last pumped, bitcoin pushed more than what we think of. The correction for bitcoin is still healthy, there is no signs yet that bitcoin will take the reversal period. Let us just be positive in market and wait till bitcoin double up its price.

Bitcoin price finally can break $19k and now hit the new ATH Grin

Sooner or later, the bitcoin price will go to $20k, and perhaps, that can happen this month. Many of us hope that the price will be at $20k or more this month, so in the next year, the bitcoin price can increase more than now and make a new ATH. We need to still aware of the correction that will happen in the market, so we don't panic if we see that time because that can be a good time to buy back bitcoin after we sell it at a high price. After the last correction, the price has more supports to reach the high price, and now, the price can back to $19,500.

darewaller

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Quote from: tranthidung on November 28, 2020, 04:37:27 AM

Accumulation time can be longer or shorter that we will never know ahead of time.

Accumulation period is always a period I am afraid of, many rich people accumulate bitcoin (or any investment product) during the same period but the poor people have very little amount of money they can risk, which means we do not accumulate not only because we are afraid, but we are also poor so we do not accumulate, we just invest with small amounts.

Whales however just wait and live for these moments, they keep on investing like crazy during the downfall so they could take advantage of the increase, if the price goes down even more like we fear, they will just continue to buy because they have so much money, same thing would hurt us a ton. This is why I think accumulation period is something for the rich people and not for the people who can't afford thousands of entry each time.

Nellayar

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Quote from: GelatikKembar on November 29, 2020, 10:22:08 AM

How come it's not here yet? it is very clear, the Bitcoin price can break through $ 19,000 before the correction comes,
the correction that occurs is very reasonable, because it is certain that it is a healthy correction,
we have entered a season where it is said that this season is a bullish season for cryptocurrencies!

Its still possible for bitcoin to move higher. I am still bullish in bitcoin because based upon its dna, it pushes upward whenever it breaks its ath price. See what happen to last pumped, bitcoin pushed more than what we think of. The correction for bitcoin is still healthy, there is no signs yet that bitcoin will take the reversal period. Let us just be positive in market and wait till bitcoin double up its price.

Topic: Bitcoin 2017 - 2021. Better price not yet to come. Be careful (Read 1329 times)