It's undoubtedly to confirm that btc's long-term bottom was concreted at $6500 area. I think that, btc is taking a short rest before challenging $10000 resistance. Let's count down from now on guys. I do think that it's not later than 48 hours for btc to surpass $10k. Just wait and keep patience!
I saw you a bit pretentious, yes $ 6500 resistance level but $ 10,000 also resistance level. Do not ignore this, Bitcoin is approaching $ 10,000 and crazy sales will come, same thing last week. 
Topic: Bitcoin - a short pullback or a long-term bottom? (Read 511 times)
It's undoubtedly to confirm that btc's long-term bottom was concreted at $6500 area. I think that, btc is taking a short rest before challenging $10000 resistance. Let's count down from now on guys. I do think that it's not later than 48 hours for btc to surpass $10k. Just wait and keep patience!
I think this is a temporary rise and it will fall back again because the volume is very low. Why would people buy at nearly 9k when the price a week or two ago was 6k.
It is obviously a noob question to ask who would buy Bitcoin at nearly 9k, when it was 6k one or two weeks back, because you're a witness to the fact that a huge number of people had paid almost 20k for same in January. Just know that with such potential as Bitcoin parades and with the increase in awareness, the demand would continue to sour and the price invariably. I think this is a temporary rise and it will fall back again because the volume is very low. Why would people buy at nearly 9k when the price a week or two ago was 6k.
Dear friend, Do have free time to see the bitcoin price at this moment? For technical analysis, btc price has climbed to 40-day high above $9300 since March 13. It's obviously to be seen that btc price shall test $10k resistance at the end of this week or even sooner.
For one of the fundamental analysis, please visit this thread: https://bitcointalksearch.org/topic/lightnings-bitcoin-mainnet-the-phenomenal-growth-3382329
Best regards
I don't have clear answer to this question. But if I trust my logic and feelings I think it "was" bottom. I first thought current small bullish move as bull trap and I guess I am proven wrong. Markets feel lot more secure..
Although the recent soar of bitcoin and crytocurrencies did not erase traders’ fear, these results should be taken into our consideration.
unreasonable fear is not something that a true trader has. the fear that you are talking about is what the newbies have who think they are trading but in reality they are gambling.
a true trader has uncertainty and he always has it, it ever goes away. at times like the bottom when price was still around $6800 and was struggling or even when it jumped to $7900-$8000 things were still uncertain but since the ~$8000 held on pretty nicely and also because it went higher afterwards that uncertainty is no longer an issue. the rise is here now.
we may not yet be in a big ass bull market but the bear market is for sure over.
Dear sir,
Thank you for your meaningful comment. I totally agree with you. However, I would like you to make just one thing to be more clearly. As you know, there are some similarities between true traders stated by you in this thread and those described as newbies and unexperienced ones. Since this difference has not been clearly found elsewhere it is probably not due to gambling. And, as you also know that, because of the volatility of the crypto market, trading bots have become increasingly fashionable among traders by allowing them to keep controlling of their trading status at all times, with the bot stays awake even while the trader is sleeping. Therefore, what is the difference between true traders- as you said and the bots?
"we may not yet be in a big ass bull market but the bear market is for sure over.". Please visit my thread if your don't mind: https://bitcointalksearch.org/topic/bitcoin-trump-cryptocurrency-daily-news-3198593
Best regards
I was not meaning to be funny. It's only what I think. And it's really dangerous to think that the only way is up so lots of folk rush in like last time and lose their money.
I think this is a temporary rise and it will fall back again because the volume is very low. Why would people buy at nearly 9k when the price a week or two ago was 6k.
I have read such reviews many times. It's not funny anymore. You can further dream about the price of 6K dollars. Six months from now, you'll regret it. The price will be 30K dollars. Many users still regret that they did not buy it in 2011-2016. With this mindset, you need to leave the bitcoin community. Earn Fiat. There is always stable inflation.
I think this is a temporary rise and it will fall back again because the volume is very low. Why would people buy at nearly 9k when the price a week or two ago was 6k.
Although the recent soar of bitcoin and crytocurrencies did not erase traders’ fear, these results should be taken into our consideration.
unreasonable fear is not something that a true trader has. the fear that you are talking about is what the newbies have who think they are trading but in reality they are gambling.
a true trader has uncertainty and he always has it, it ever goes away. at times like the bottom when price was still around $6800 and was struggling or even when it jumped to $7900-$8000 things were still uncertain but since the ~$8000 held on pretty nicely and also because it went higher afterwards that uncertainty is no longer an issue. the rise is here now.
we may not yet be in a big ass bull market but the bear market is for sure over.
The crypto money market is having a difficult time and in a market that will overcome these difficulties their position will be very different in the investors who can be counted as early as us. I think, bull season has not yet begun, but it might be approaching.
Dear mate,
For your doubts, a probable explanation is that these frequent suspicions are the results of too long dumping of bitcoin. Although the recent soar of bitcoin and crytocurrencies did not erase traders’ fear, these results should be taken into our consideration. Ensuring appropriate rise, supporting news for Bitcoin, to some extent, should be a priority for the time to come.
If you still do not believe the price of bitcoin has been on the upswing, feel free to visit my thread: https://bitcointalksearch.org/topic/bitcoin-trump-cryptocurrency-daily-news-3198593
Best regards
After 5 months of heavy selling pressure, Bitcoin and altcoins have signaled to a bullish momentum pattern to buy. The recent low of roughly $6,500 comprised a 75% loss in value from last year’s highs of approximately $20,000. Currently, as with many other cryptocurrencies market, it finds as though the next move for BTC will likely be either more bullish momentum towards the 23.6% retracement area and even $10.000, or a declining pattern to retest the descending trendline that BTC recently overcame.
I believe that bitcoin and many blue-chips have completely bottomed out and have been confirmed both by hedge funds independently and technical analysis tools. What do you think?
Bitcoin will comback. I belevie it I believe that bitcoin and many blue-chips have completely bottomed out and have been confirmed both by hedge funds independently and technical analysis tools. What do you think?
The crypto money market is having a difficult time and in a market that will overcome these difficulties their position will be very different in the investors who can be counted as early as us. I think, bull season has not yet begun, but it might be approaching.
blah blah blah
another topic of speculation all based on a daily movement of less than 10%
guys when will you learn. the price is never going to be a stable 0.03% rise a day..
it will never be a stable/guarantee double your investment in a year.
some people who are smart can double their income in weeks. and some emotional investors may lose... get used to it
it always going to go up and down
just enjoy you can make more then 1% a day if your smart enough
just stop caring, viewing, thinking about the ATH(all time high). all that matters is the low. and you will notice that the yearly low is on a increase since 2009
stop hoping for another one time spike. because when it actually happen 99% of people wont have fast enough fingers to take advantage of it and then when it corrects to a low. you just sat there waiting for the next ATH spike and hope your online fast enough.. (which most never are)
so just stop screaming "bitcoin is less than half the value of ATH".. instead say bitcoin is $2k higher than the LOW of 6 months ago
..
smart traders dont care about ATH
smart traders dont speculate years ahead
smart traders dont trade once a year hoping to double their funds. by having the luck of being online the exact second a ATH spike occurs
smart traders take their 1% a day and cumilatively it all adds up to a more secure profit
I generally agree with your opinion. As you said above, you are a smart trader, aren't you? So, if you don't mind, I would like to ask you some questions:another topic of speculation all based on a daily movement of less than 10%
guys when will you learn. the price is never going to be a stable 0.03% rise a day..
it will never be a stable/guarantee double your investment in a year.
some people who are smart can double their income in weeks. and some emotional investors may lose... get used to it
it always going to go up and down
just enjoy you can make more then 1% a day if your smart enough
just stop caring, viewing, thinking about the ATH(all time high). all that matters is the low. and you will notice that the yearly low is on a increase since 2009
stop hoping for another one time spike. because when it actually happen 99% of people wont have fast enough fingers to take advantage of it and then when it corrects to a low. you just sat there waiting for the next ATH spike and hope your online fast enough.. (which most never are)
so just stop screaming "bitcoin is less than half the value of ATH".. instead say bitcoin is $2k higher than the LOW of 6 months ago
..
smart traders dont care about ATH
smart traders dont speculate years ahead
smart traders dont trade once a year hoping to double their funds. by having the luck of being online the exact second a ATH spike occurs
smart traders take their 1% a day and cumilatively it all adds up to a more secure profit
1. How long have you traded btc or some altcoins? Did you buy btc at $3.500 and NEO at $18 like me and took profit at $10k?
2. Have you ever used bots, software or something like that to trade or trading with your fingers and brain only? If you guy are confident enough to be a smart trader, can you leave here/ share us some analysis of btc price in the near future: fundamental and technical ones for us to view?
Thank you in advance!
It is depends of bitcoin price movement in the market. Less of investors to avail bitcoin the result btc decrease. The more btc investors the result btc price increase. The short fullback and the long term in the bottom is depends on btc investors whichever the season.
I disagree with you. The number of investors may not change but the price of bitcoin will decrease. There are whales that have a lot of coins. Periodically they sell their coins in large quantities. Small investors can not buy so many coins because of the lack of money. In this case, the price of bitcoin decreases and the number of investors remains the same.
It is depends of bitcoin price movement in the market. Less of investors to avail bitcoin the result btc decrease. The more btc investors the result btc price increase. The short fullback and the long term in the bottom is depends on btc investors whichever the season.
I think the $18,000+ ATH of last year was a freak show, because it was not anything like the peaks that we has seen in the
previous pumps. I doubt if we are going to see the same breakout as we saw in 2017. The gap between the lowest point and
the ATH of last year is just too big to recover in this year. The drop was just too big and too quick and a lot of people got
burnt.
previous pumps. I doubt if we are going to see the same breakout as we saw in 2017. The gap between the lowest point and
the ATH of last year is just too big to recover in this year. The drop was just too big and too quick and a lot of people got
burnt.
Well. it's too early to confirm anything at the meantime and it's useless to find some fundamental reasons to explain ourselves. I agree with you that the gap is too big to bridge it. However, it's better to look at the present and follow the whales. According to Turtlebc.com, the buying demand for bitcoin has reached the highest level since March 2017. You can view the data here: https://www.turtlebc.com/tools/buy_percentage?period=2years
Bitcoin is a standard, classic venture investment and nothing else. There are no other options here.
Bitcoin is getting ready for a decision at the resistance line that has rejected it multiple times.
it will rally to $9000 hopefully when it clear the $8600 resistance.
Hoping for more good news to come then we can confirm this big movement from bitcoin.
it will rally to $9000 hopefully when it clear the $8600 resistance.
Hoping for more good news to come then we can confirm this big movement from bitcoin.
After 5 months of heavy selling pressure, Bitcoin and altcoins have signaled to a bullish momentum pattern to buy. The recent low of roughly $6,500 comprised a 75% loss in value from last year’s highs of approximately $20,000. Currently, as with many other cryptocurrencies market, it finds as though the next move for BTC will likely be either more bullish momentum towards the 23.6% retracement area and even $10.000, or a declining pattern to retest the descending trendline that BTC recently overcame.
I believe that bitcoin and many blue-chips have completely bottomed out and have been confirmed both by hedge funds independently and technical analysis tools. What do you think?
I feel the next three four days are crucial with this respect. If we keep seeing this phenomenal rise in the price of Bitcoin, then we can expect it to at least reach till the 12,000$ mark if not 20,000$. I am very bullish on the whole and I had been waiting for this time anxiously.I believe that bitcoin and many blue-chips have completely bottomed out and have been confirmed both by hedge funds independently and technical analysis tools. What do you think?
Rest we all know how uncertain this market is. If price can increase by 23% in a day, it can also come down by 50% in the next day. So, I would be carefully optimistic right now.
Jump to: