Bitcoin 2017 - 2021. Better price not yet to come. Be careful - page 5.

Harlot

hero member

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Merit: 672

Quote from: so98nn on November 16, 2020, 10:15:29 AM

With the current stats it does look like bitcoin will trade sweet at 20K in the coming days.

The 45 days window is perfect for it to achieve that much trading volume. With the holidays up-ahead many people do trade bitcoin for fun, for investments and part time stuff. This makes it more easier for bitcoin to go upwards and hold the ATH position.

From your graph itself we can make a match the current path is perfect one to reach 19-20k USD rates.

Not so fast if you look at the price chart for the volume right now you will see that the volume formed a double top and it only means that there is a chance of reversal going down for the volume, technical analysis formation also applies to other indicators such as volume so don't be surprised if we see lest trade activity going on in the few days. With the price going up and the volume going down the price rally will just get weaker and weaker.

MCDev

sr. member

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Perhaps bitcoin's four-year cycle is real and we are seeing bitcoin's return in 2020. Hopefully by the end of 2020 we will once again see bitcoin return to $ 20,000.
However, the cryptocurrency market cannot accurately predict so be careful with your investments.

carlfebz2

hero member

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DGbet.fun - Crypto Sportsbook

We do always have those kind of doubts but there are traders or investors specially with dealing with leverage where they do took the risk even though its somewhat obvious that we are already near
on the peak.Its not that precisely described as peak price but we can presume since we're hitting the previous ATH.

To those visuals above given above then they do really look similar if we do talk about 2017 and 2020 but the main difference is on the volume itself which is totally different.
Going through intensity then we can say that we might be seeing the similar crash that did happen in the past.

Price is somewhat that having lots of strong support lines which would really avoid that price crash but well anything cant be guaranteed because neither
it can happen again or would able to hold up.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Those are some nice visuals there in OP and I believe bitcoin is doing pretty good and increasing in price with good stability.
If bitcoin continues the same rally then I guess by the end of the year the price of bitcoin should reach 19k.
It might also cross $20k but I think it will drop back and settle in the lower $19k range by the end of 2020.
Moreover, the stats and technicals indicate that the price will increase a lot more than $20k in mid of 2021.
Lets hope for the best for bitcoin

so98nn

hero member

Activity: 2114

Merit: 603

With the current stats it does look like bitcoin will trade sweet at 20K in the coming days.

The 45 days window is perfect for it to achieve that much trading volume. With the holidays up-ahead many people do trade bitcoin for fun, for investments and part time stuff. This makes it more easier for bitcoin to go upwards and hold the ATH position.

From your graph itself we can make a match the current path is perfect one to reach 19-20k USD rates.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

The time-series plots (charts) give you enough visual data for daily high price (in 2017, 2018, 2019, 2020) and daily volume.

It has around 45 days till the end of 2020 and if history repeats itself, better things not yet to come.

But be careful with your trading orders and extremely careful if you are trading with high leverages. You can keep your greediness and wait for higher price in rest days of this year but it is not a most wisely way to take profit.

It is not my financial advice.

4 years: 2017 to 2020

In 2017 and 2020

Topic: Bitcoin 2017 - 2021. Better price not yet to come. Be careful - page 5. (Read 1329 times)