BITCOIN BULLISH? ON CME BITCOIN EXPIRATION

TravelMug

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Quote from: Pab on September 02, 2018, 02:03:18 PM

Usually during future expiration we had sell off but next future expire 19 September
As for now price looks rock solid i count on 8000$ before 19 September than pump up to SEC decision what will be at the end of September or little sooner

I wouldn't put any weight on the SEC decision though. It has been taking the headlines for quite sometime now that we should totally put it on the back sit. But I tend to agree that the price is good at this point and support are strong and resistance have been broken significantly.

However, we can't say that we are out of the bear market. They can still wrestle and take over this market in an instant. Specially that we are not running out of exaggerate news, just like I saw in Press Release about a certain wallet who moves a lot of coins and become active again and the articles seems to be speculating that a massive sell off will happen anytime soon.

zazarb

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It is pretty early to call it a bull run and it may still end up in any time, but this is definitely good sign for all of us.
I am hoping that Bitcoin soon breaks 8000$ line and after that I believe we could say its pretty good start for Bull run.

Ilmiyati

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of course this is one of the good news in the crypto world but what is unfortunate, this is a prediction and a prediction cannot be confirmed that is true and false, 50/50. we never know what will happen to bitcoin and altcoin in the future. but I remain optimistic in looking at the future of the crypto world

Idrisu

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I pray this translate to the bullish trend in other coins. I have been patiently waiting for a good news over this but have not yet. Cme should drive the market the way future trade did last December. I am holding some of my coins for about six months now and I want to sell them at profits.

stellaekun

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Quote from: mostkey on September 02, 2018, 01:27:51 PM

At the moment, the movement is uncertain, so just wait how far prices will go up, of course I hope this can be more than pumping yesterday and away from the bear market which has pumped more than less than a day, it might be a sign to include more stock and add to the portfolio list for future success, it is very difficult to predict without deeper knowledge, I hope we will get better achievements.

The uncertainty in the market is kind of keeping new investors undecided, but if the price of bitcoin stays well above 7200 $ in the next couple of day, it will almost be certain it will turn bullish

btc78

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Quote from: Pursuer on August 28, 2018, 12:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

It does break the $7,000 and now continues to grow little by little..hoping that after breaking the next target at $8,000 we may taste the five digits value atleat before the year ends because the whole year we struggels alot just to get good profit

SpringfieldM1A

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Quote from: stellaekun on August 27, 2018, 07:32:56 PM

Here is an interesting tweet https://twitter.com/CoinDeskMarkets/status/1034223298970701825 on a possible bitcoin bullish return as bitcoin future on CME , we have already seem significant price movements in the last couple of days, what are your take on this? Opinion.

I will still want to be keeping my bullish sentiment hanging a little bit until we actually see even a break above $7300 at least. Like you have already pointed out, this is more or less a rising wedge which simply if it breaks lower can send us spiraling back down to the $6k support and if at least, we get to go past $5800 lower, then another lower low gets imprinted.
Let's see how this goes and looking at the daily chart we will see the MA50 itself acting as a very strong resistance at the $6900 region.

1Referee

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Quote from: Pab on September 02, 2018, 02:03:18 PM

As for now price looks rock solid i count on 8000$ before 19 September than pump up to SEC decision what will be at the end of September or little sooner

Don't count too soon. I don't want to be a party crasher, but the current upwards movement will likely end somewhere around the $7500 level as it being the next lower high in the overall long term downtrend. Only if we manage to comfortably break $7500 and touch $8000 I'm getting a bit more bullish, else we may prepare for another $6000 visit.

People in here tend to over-exaggerate every market movement where a $1000'ish decline makes people go full bear, while a $1000'ish increase makes people believe in $20,000 again before the end of the year. Just give the market a couple of more days and we'll see where we go from there. The odds are still in favor of the bears.

Pab

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Usually during future expiration we had sell off but next future expire 19 September
As for now price looks rock solid i count on 8000$ before 19 September than pump up to SEC decision what will be at the end of September or little sooner

mostkey

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At the moment, the movement is uncertain, so just wait how far prices will go up, of course I hope this can be more than pumping yesterday and away from the bear market which has pumped more than less than a day, it might be a sign to include more stock and add to the portfolio list for future success, it is very difficult to predict without deeper knowledge, I hope we will get better achievements.

liuqi

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I think not only Bitcoin most of the altcoins also bullish in coinmarketcap so we don't blame in Bitcoin. The recent market is slowly growing in Bitcoin so majority of the investors are stay away in crypto investment. Previous chart is not valid in this scenario and current market is move to forward in crypto so we are all waiting for the future hype in Bitcoin.

YuginKadoya

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Quote from: stellaekun on September 01, 2018, 04:39:29 PM

Quote from: Pursuer on August 28, 2018, 12:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

I am happy we are making progress, we have move past 7200$ and seem the momentum is still strong, It is still too early to call it a bull run anyway

Yup it is pretty early to call it a bull run and it may still end up in a bounce, And once it reach a favorable price we can sure see another down fall, We can say that it is just a regular movement for bitcoin, As of now we can see that some Altcoins are already bouncing back, Even though we can not see bitcoin drop of It is still early to predict another bull run can occur again, And actually I am predicting we can not see another bull run this year soon.

Pursuer

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Quote from: EdenHazard on August 28, 2018, 06:07:21 PM

Quote from: Pursuer on August 28, 2018, 12:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

so do i , think that the resistance are on $7-$8k level . break it out and brace yourself for a shocking bounce soon. last time CME future trading bring a huge effect in crypto market , push the price more than 80% and the rest of it make bitcoin bubble.

now some people try to connect things to relevant factor such as this cme , i won't expect much, just keep watching.

another way of looking at it however, is that you can see bitcoin currently underpriced. something that they refer to as "inverse bubble" in the market. in which case even a 80% rise which will only bring the price to a little above $10k is not going to create a bubble, it will only remove the inverse bubble and bring bitcoin back to its real value.
although that is debatable and some people would disagree with this but I do believe BTC is underpriced right now.

stellaekun

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Quote from: Pursuer on August 28, 2018, 12:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

I am happy we are making progress, we have move past 7200$ and seem the momentum is still strong, It is still too early to call it a bull run anyway

sunanbonang

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I doubt this, but the price of bitcoin has lost its impetus and the pump only makes the price of bitcoin to $ 7k. now the price of bitcoin is back down, I'm afraid something worse will happen.

bobo012

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Quote from: raven7886 on August 29, 2018, 01:07:58 PM

Quote from: Pursuer on August 28, 2018, 12:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

Right, a little bit above $7k will actually make it a little bit more appealing but for now, I really do not expect much. As long as we are still below $8k most especially, then the bears will still have an upper hand.

For now, I guess we will have to wait to see how the market is going to be acting in some few days from now and if we are going to fall below the rising wedge anytime soon. I still feel we are still a lot bearish and would not want to pay too much attention on how some are already beginning to call moon.

I agree with you. As long we are under 7800 dollars we are not out of the woods yet. Bears are stalking and we must be careful. In the longer time frame it will be irrelevant as the bears will eventually be gone, just a matter of months or a few years, that i dont know

raven7886

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Quote from: Pursuer on August 28, 2018, 12:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

Right, a little bit above $7k will actually make it a little bit more appealing but for now, I really do not expect much. As long as we are still below $8k most especially, then the bears will still have an upper hand.

For now, I guess we will have to wait to see how the market is going to be acting in some few days from now and if we are going to fall below the rising wedge anytime soon. I still feel we are still a lot bearish and would not want to pay too much attention on how some are already beginning to call moon.

rodalutor

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Quote from: hugeblack on August 28, 2018, 01:04:43 PM

Quote from: Pursuer on August 28, 2018, 12:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

This time the rise is different from what happened at the end of last month.
It was a significant gain in a short period due to expectations of ETF's acceptance.
Now the increase is slow moving, so it is unlikely because an external influence but rather to create a new stability point of demand and supply

I wouldn't put too much weight in to that, we saw the same thing around late June to early July when the price climbed from around 5800 to 6800 at a slow steady pace with no obvious reason only to then drop again sharply back to 6k.

boyptc

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Few more days before this month ends and there has been good speculations that has been broadcast on media so that's one factor.

EdenHazard

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Quote from: Pursuer on August 28, 2018, 12:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

so do i , think that the resistance are on $7-$8k level . break it out and brace yourself for a shocking bounce soon. last time CME future trading bring a huge effect in crypto market , push the price more than 80% and the rest of it make bitcoin bubble.

now some people try to connect things to relevant factor such as this cme , i won't expect much, just keep watching.

Topic: BITCOIN BULLISH? ON CME BITCOIN EXPIRATION (Read 394 times)