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Topic: Bitcoin broke 10K wall and Downtrend line - page 2. (Read 365 times)

hero member
Activity: 3010
Merit: 794
Bitcoin just prove again that: the right time will come for the proper uptrend of it price and not this  short-term rise. Last night, I thought to sell some of my investment portfolios but wasn't sure of the lost long in the rise, I made close to $400 with some of my portfolio. But still, a friend who wasn't given into my advise wake this morning and was surprised watched the market downtrended in a very short possible time. That's was a bulltrap which I saw from the whalealert strategies but got me some Crookes on the table. Greediness won't allow many traders to have the winners cup this year  Grin

This isnt something new yet price spikes like these arent really that surprising anymore.If there are significant increase of price in a short duration then expect that there would be a crash or correction in next hours.

A big green candle would really have that exchange of big red one. Manipulation? Possible and its always been like this on each time we do see the market do rise up in a fast phase in a short time.

Good thing for those people who sell off in 10k - 10.400.. When taking up position on the market, dont ever tend to put yourself in the feeling of FOMO. Grin
full member
Activity: 756
Merit: 231
Bitcoin just prove again that: the right time will come for the proper uptrend of it price and not this  short-term rise. Last night, I thought to sell some of my investment portfolios but wasn't sure of the lost long in the rise, I made close to $400 with some of my portfolio. But still, a friend who wasn't given into my advise wake this morning and was surprised watched the market downtrended in a very short possible time. That's was a bulltrap which I saw from the whalealert strategies but got me some Crookes on the table. Greediness won't allow many traders to have the winners cup this year  Grin
legendary
Activity: 3052
Merit: 1273
That was a clean bull trap and you can see how easily it free-fell around 8% from its high it reached. I'm holding tight in USDT and I believe I'll have some leveraged shorts (not more than 5x) per trade. Don't long currently as the charts have some shaking surprises that may come any time and get you liquidated.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
Yes, it broken the 10k wall and unfortunately did not take much time to go back again to 9400$. Generally what I expected before 10200 to 9400$ dump that Btc will make some correction slowly and keep the price over 9800. But it did not happened. And this is really very unfortunate.

So I am guessing now the price will remain below 10k again for some days. Even it can go below 9k before cross again 10k$ Imo.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
I think we'll see a problem when the stimulus checks and furlough stops coming through and may see a large retrace then when people try to pull out their saving...

I thought 9900-9800 was a logical retracement too but now we've broken them quite dramatically, we may either see a retracement back up and some stability in those regions or we'll drift to 8800-9400 from here...

I was short last night and I'm short again now... I was getting trolled last night since the move to around 15 hours to come through and I was hoping to watch the move...
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Bitcoin is showing life after the recent closed price above 10k mark. The price goes along with a good support line and expecting to have a good growth. There will be some correction but still minimal. Expecting a good support will form around 9900 mark. Does anyone here have still open long/short positions?

PS: I'm currently using mobile version so sorry for not a clear graph:



I believe this price rally will continue for long run unless there will be another COVID-19 like scenario happened again.
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