we are already outside of the declining channel and have entered the rising one. it is not rising fast and every day now because it is switching from the fully formed bear market into a bull market. and this process needs some time to fully take place.
although trends can change at any time, but for now every sign points to a bull market in the near future starting with a slower rise to $10000 first.
Topic: Bitcoin - a short pullback or a long-term bottom? - page 3. (Read 513 times)
I think it's still early to tell. according to Tone Vays we need to hang around the 8,000$ area for a week. and then see what happens, maybe after that we'll get some clear bullish signals. I am optimistic over all, but we need to be careful with times like this
He also said that we not only need to maintained $8000, but we need to test and overcome the next mental barrier that is around $8500-$8600. Currently we are still on track to hit on in the next couple of days if the trend continues.
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 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?
Obviously we have (double) bottom at $6500 that's why we have some sort of recovery around $8+++. So it this price is not sustainable then expect another pullback, however its seems that the bullish sentiment has started to build up so another critical week to see if the pattern will continue and sustainable and test $8++ levels.
I think it's still early to tell. according to Tone Vays we need to hang around the 8,000$ area for a week. and then see what happens, maybe after that we'll get some clear bullish signals. I am optimistic over all, but we need to be careful with times like this
there is no eternal growth and this must be understood! there will always be a correction! the bijecto and all the coins will always go up, and then down! and this will happen all the time! so do not be afraid of falling, it should be used for earnings! now it's very good to invest in bitcoin, because the price is very sweet!
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 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?
To me a lot of the depreciation is due to the negativity surrounding bitcoin woth regards to a lot of companies and institutions completely blocking out bitcoin or cryptocurrency in their domain. Also while I do not believe that whales have a corrdinated effort I think that their presence is also a burden to the decentralization scheme of bitcoin. However I’m still investing on bitcoin for the long term and still committed to do so just because I believe in it
I also think like that bitcoin has touched its lowest point and now it's time to climb back up higher and it's starting to walk towards the top.
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 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?
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