Topic: Bitcoin a deep pullback @40K? - page 2. (Read 686 times)

By my reckoning we need 31700 to regain and be confirmed for further action, that would be a proper recovery of this mornings sell.  So far its come back from a low but not properly gained since then more sideways which can also be a consolidation over time and so lead to later gains if it holds well enough.   The low price seen recently was the weekly average, until we close below that on a 4hr bar I dont see price action as properly bearish merely pullback or profit taking type action.

It's way too hard to analyse and follow the market now especially yesterday, we know Both technical and fundamental needed in decision making but the price moves too fast sometimes in a day or an hour without us realising it. I do just set my mind that when certain value achieved I will get some percentage to secure as profit then if ever pullback happen will use that to buy some. BTC is much relaxed now after seeing a new ATH and at it's point we can figure out what to do since many were still in profit or changed in ETH.

It's almost a guarantee that IF bitcoin does breach $40k that there is going to be a major correction occurring around that level.

The market is bullish and FOMOing hard, but all bull markets transpire this way. There are going to be rallies and adjustments at every step of the way to wash out the weak hands and the overleveraged positions.

In fact, I'd even go as far as saying that it is likely $20k will get tested as support at some stage of this bull market, let alone a pullback at $40k. But I do expect it to hold up given that the fundamentals have strengthened in terms of a) greater institutional adoption and b) the prospect of an ETF approval very soon.

We are playing around above 30k price and next target point or resistance would be on 40k but for now we are still moving sideways and we would need further more bullish news to push the price way more higher.
When it comes to pullbacks then its a norm because we cant call it a market if it would go continue to rise up without any stopping  or price correction.Lets just wait on what would happen and
for us trader or investors then better to make out some analysis on where you should get in and when you should get out. Be wise for you to make profits and
dont try to miss out those opportunities.

Definitely none knows if it's possible or not. Just like a few months ago when bitcoin was falling to 3800 none could even imagine to see bitcoin trading at current price. We should start tracking the fundamental news. In the current situation, fundamental side works much better than technical. But, generally, if everything goes well like this there is no reason to say bitcoin will the reach the 50K.

This is something we can't easily predict on. But if bitcoin easily goes up smoothly, then it may be possible. It continously goes up and surged another high record. We can't really tell if the pullback will gonna occur at $30k level or down more at $20k. Since new investors turn their eyes with bitcoin as it showed massive progress from december 2020 up to now. This seems to be an attraction to most of the firms and investors who really amazed with the price pump.

Its going to be worth 3$ in the next 10 years heres a few reason why

Hackers, everyone claims to get fucked by hackers and then to boot the programs and the know how is ROBUST amongst bitcoin
When people have worn out there finger tips hacking bitcoin for a few weeks they start on another coin to no avail....

And as the time goes by the image stays with the fact that bitcoin can be hacked... And then lets stack on top of that the idea that if you click a wrong link or give out a X amount of information to any stand by who doesnt have what you have to say that nicely.. whether it be a foreign 3rd world country sharing the love or your next door neighbor bob who needs some extra spending money... its just more than annoyance and a issue at hand.. its scary to think that the sites surrounding BITCOIN RECOVERY are 110% scammers... If you have your own hard drive or anything else related to pulling back together a Bitcoin Owner and His/Her long lost private key... there is no reason for someone else to help you do that.. Otherwise jump off that thought and just realize there gone for now, its like a pension you never spent. As time goes by bitcoin will develop the fix for the issue at hand and you cant say they havent heard countless people cry there eyes out over what there missing out on today... But as time goes by theres no way they wont fix that issue... Too many problems have already arised and will continue to be the for front on why people hate bitcoin even its that dust they cant spend, there .008 they mined that was just under slush's threshold... Bitcoin will evolve into the perfect coin in the up and coming months/years...

They Will have a method to recover all those dormant accounts, Otherwise its not just me speaking when i say MAN this shit is stupid.. Who the fuck spent all that money and is just sitting back having a good day... Theres nothing that pulls together that fucked up lifestyle that bitcoin has brought upon someone just for purchasing and regardless misplacing the damn shit.. Then the thought of wow that went up in value, maybe one day ill actually get my "bitcoin" back.. which is worth like 40,000$.. And the people who have the ins and outs of the whole blockchain find that moment in there day where its not more than a pretyped message and something along the lines of "hey" ill help you out.. We can figure this out... Because since being with bitcoin since 2009, theres not a single person who isnt sitting there today whether they made out like a bandit and kept there private keys dormant in there office desk... Or the other person that cleaned up there room and in the midst of it all, went back to grab there investment that they loved so much just to say fuck when they realized it was gone...


People need to start looking at bitcoin more like, damn i just lost 40grand not man thank god that only cost me 1200$ in 2014...


This company is built upon a shit motto... HAS ANYONE EVER HEARD IN THERE ENTIRE LIFE .... HEY YOU WIN.... but you dont win if you throw that away..... Its interesting that other large cascious enterprises such as Wells Fargo, Bank of America, Or Visa will put you on the phone with not only a trained and professional representitive to get the issue not only sorted but taken care of approprietly at any given time of the day or year.... BUT THEN here comes these assholes and there bitcoin, with no time of the day to reply to your fucking message, no thought on spending more than a second reviewing what your trying to tell them, they have no legal phone number to contact them on when you try to access your accounts after X amount of time or however that goes for your phone call and let them know you and your lawyer are ready... They just push that shit aside they gone on with there merry fucking days....

BITCOIN is a bunch of College Girls tired of eating top ramen noodles every day and want that nice purse to be theres no matter what.. They dont care about the customer, due to the 100quadrillion accounts they have in motion with only 100,000 of them being used or actually funded..... they care about denying you the fact that you owned and still own what you own... They like to play head games and drop the ball everytime "Oh i need you to provide something rediculous and ill give you at best your wallet id which your never going to login into anyway because over the last 3 days with over 10,000 different hacking software and programs at the ready and there just getting better as the days go bye.. I know its hard to believe someone can hack your wallet or your password and its nothing more than fuck this shit for us THE CUSTOMERS in the end... But they sit back as a company and watch the hacking industry grow day by day as github and other partners of that shit provide and get stronger..... ALLL I can ever say is fuck BITCOINS REPRESENTITIVES... YOU WANT TO KNOW WHAT MESSAGE THEY HAVE FOR US.... YEAH ILL TAKE YOUR MONEY BUT YOU CANT HAVE MINE IF YOU DONT HOLD ONTO THIS LITTLE PIECE OF PAPER FOR AS LONG AS YOU KNOW ME....


THEY HAVE PERFECTED THE ART OF BULLSHIT WHILE INVENTING BITCOIN


RIP ANY AND EVERY BITCOINEER THAT HAS LOST THERE LIFES TO THIS SCANDAL AND CRIME THEY CALL A COMPANY.... IT IS THE WORST CUSTOMER SERVICE ON PLANET EARTH, THE MOST UNFRIENDLY LAZY STAFF IMAGINABLE... AND IN MY OPINION THEY NEED TO TAKE THAT TO HEART....


I CAN ONLY IMAGINE HOW MANY FAMILIES HAVE LOST LOVED ONES OVER THIS ADDICTION KNOWN AS BITCOIN AND YOU CANT SAY THEY DIDNT THINK OF THAT WHEN THEY MADE IT BACK IN 2008...


IT WAS A CAR CRASH WAITING TO HAPPEN AND FUCK THIS SHIT WHO DIDNT / DOESNT WANT TO GET RICH...




BUT MAN I CAN ALREADY SEE IT COMING, DONT TELL ME THEY HAVE NO RESPONSIBILITIES OVER THERE COMPANY AND ITS ACTIONS AS THE YEARS GO BY... LOTS OF DRAMA AND COMICAL CHARACTERS SURROUNDING THE STRONGHOLD OF BITCOIN...


ITS THE BERT AND BERNIE SHOW, HOLY SHIT DID YOU SEE WHAT THAT GUY DID HE HAS TONS OF MONEY FROM BITCOIN LETS ALL GET SURROUNDED INTO THAT THOUGHT AND FORGET ABOUT HOW THAT SHITS FUCKED UP AND HE DONT GIVE A SHIT ABOUT ANYONE ON THIS EARTH OTHER THAN HIS BITCOIN WALLET AND HIS FAVORITE BITCOIN ADVISOR....



IF I CAN SAY ONE THING ITS FUCK YOU BITCOIN, ITS NOT THAT WE LOST OUR MONEY OR LIFES BECAUSE BITCOIN CRASHED BUT ITS BECAUSE WE LOST OUR PRIVATE KEYS RIGHT....


INSTEAD OF OFF WITH YOUR HEAD THESE DAYS ITS



WHERE DID MY FUCKING PRIVATE KEY GO

AND DID THEY CHANGE MY FUCKING PASSWORD??

IT HAS TO BE THE PEOPLE WHO OWN THIS COMPANY THAT DID IT...



WE ALL NEED TO BAND TOGETHER AND DROP THIS SHITHOLE KNOWN AS BITCOIN BACK IN THE DUMPSTER IT CAME FROM BECAUSE ITS NOTHING BUT CRIMINALS.... IT STARTED ITS UPRISING WITH SILK ROAD BEING THE ONLY FUR TRADERS AROUND...

AND NOW AND DAYS THEY JUST WANT TO WATCH THE INSIGINIFICANT MOTHER FUCKERS WHO BOUGHT THERE SHIT DIE AND WITHER AWAY...


I NEVER HEARD OF SOMEONE BUYING SOMETHING AT A STORE AND HAVING 0% CHANCE OF SASTISFACTION IN A ARGUMENT..


BUT THATS THE BASIS OF BITCOIN EVERYDAY... ITS NOTHING MORE THAN A ARGUMENT AND A GOD FUCKING DAMNIT ITS WORTH ALOT TODAY... TO BAD I CANT GET INTO MINE...


WHAT KIND OF BULLSHIT PRODUCT LETS YOU SIT BACK IN THE DRIVER SEAT WITH NO GAS....


ALL I CAN SAY IS FUCK THIS SHIT.... SOUNDS LIKE A WAR IS BREWING IN THE NEAR FUTURE IN MY OPINION.....



AND FUCK YOUR COMPANY




REMEMBER TO EXPECT NOTHING EVEN IF YOU SPEND A MILLION DOLLARS AND YOU KNOW WHAT I MEAN

Correction is needed for the bullish trend and pullback. Nothing is impossible in this market, just need to wait for the correct time. Maybe bitcoin will get a correction until weekend and pullback might be started afterwards. If this happens continuously, we can see a pullback of 40k asap.

I am not a person to call a 'trader' but I will admit I thought we would see a "correction" when the price of 1 Bitcoin was $30,000 but it seems I was wrong.  And it is Good to be wrong in this case.

So now it brings us to next big number of $40,000.  Since we passed right through $30,000 I have little reason not to think the same thing is going to happen. 

Then when we get to $50k Bitcoin I think a major correction will come into play.

I don't think we will be seeing any pullback while reaching $40K. But I think we could see some problem after reaching $50k.

Yes, that is happening a few days ago, and I guess that still happens until now. I am sure the bitcoin price will be at $35k or even hit $40k, and the chance to go to that price still wide open. We should wait for a while, and see what will happen later because if we check at the market, the price seems to need more supports to increase higher. I see that after the price increase to $34k, it will go down to $33k or $32k, so that can happens this week many times. But in the end, the bitcoin price will break $35k and will still increase higher.

You see some small pullback few days ago thats eaten really fast by traders waiting if you are scalping in btc you may left behind the btc price moves too fast you cant even follow what will be the next move everyone is bullish so I did expect any huge pullback from now yes it can be at 35k or 40k, no one knows.

Many liquidated shorts would love to know this answer for certain. It seems as though the price is headed to 50K because of the institutional interest from known sources such as Microstrategy and other well known investors that we've heard about. I factor in the unknown/silent movers that are driving this movement upwards because at this point 99% of "retail" investors are 100% priced out of the market.

This will totally depends on the energy in the market at that price, if the energy is still bullish I see no reason why a pull back will occur. It my attempt to cross that milestone numerous times like what happened with the $20k price but when it does cross it'll continue the upward movement and next stop would be the $50k trading price.

It's advisable to just hold through the bull run instead of wanting to outsmart the market as the possibility of getting smashed is high. We just cross the previous all time of almost 3years just few days ago.

Any pullback happening has to be in few weeks or even months to come and not not immediately, investors both institutional and retail investors are still buying it bitcoin due to the fomo currently in the community.

If that were true then bitcoin price should have never surpassed $1 and remained around $0.01 forever!

We never see pullbacks, we see corrections or crashes.
Since there is no reason for a crash in a bull market while the adoption is growing fast, there can only be corrections and there has been at least 3 major corrections from $20k to $30k. Anybody expecting more doesn't understand how market works.

It will pull back as soon as those big-time investors will sell their BTC simultaneously and the price will drop again until they stop selling it maybe it will be down to less than $20,000. But as you can see right now, there was no sign of stopping the price to rise nowadays because those who are currently holding some big amount will not sell their BTC anytime soon. I think this is one of the sight we were hoping for when the price of BTC is no longer falling down instead, it gives those holders some good news every day.

The accumulation phase can wear down your capital as the price will swing in both directions. Sometimes it is useful to add an indicator to help identify non-trending conditions. The average directional index (ADX) is a trend strength indicator, and the example in Figure 3 shows the price moving sideways. The ADX has been added to show trend strength. An ADX of less than 25 shows low trend strength, indicating non-trending conditions. The ADX rises above the 25 level when there is trend strength.

I'm also still predicting that because when the ATH might go beyond 40k-50k or higher, it seems unlikely that a pullback to 40k is likely. If that happens it looks like the value traded in the future will not differ from previous years. So I think it still depends on how high the ATH will be, but I just hope that with this bull run at least the lowest value in the future is still in the high price target because that's what happened as before.

It is hard to predict how the market will react, i was expecting a correction when it touched the all time high valuation, we had a minor correction but then investments starts pouring in and the market recovered swiftly and then it crossed $30k with ease and all this happened within a few trading days and i have no idea how long this rally will continue and what will be the market situation a few months from now. All you can do is speculate how far the market will move upwards and when we will see a correction.

This paradigm is different from the previous 2017 bull run which impacted the recent bitcoin market with an obvious sell off after hitting an ATH. Right now the market is breaking ATH to ATH. Most practically, these bullish activities may not likely correct yet as it is making another parabolic. $40k is not an ATH yet so we may not see corrections further but if it goes to 40k - we will be expecting significant retracements.