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Topic: Bitcoin Bulls Near Exhaustion, Investors Should Be Wary (Read 740 times)

legendary
Activity: 2884
Merit: 1117
Leading Crypto Sports Betting & Casino Platform
Hopefully this prediction is right. This is the year for Bitcoin. BTC prices have almost increased 3-fold since the beginning of the year and can surpass $ 10,000 in the coming days. It can further increase to $ 20,000 by the end of 2019, and in the next two years, BTC can be valued between $ 50,000 and $ 1,000,000.
I guess this topic was created way too quickly after we reached to a level we were not even close to top, sometimes people are worried and I can understand that.

Worrying about something makes you defensive and makes you try to protect what you have and not attack on what you don't have, trying to figure out if the buyers will get tired of buying and will drop makes people either cash out or find ways to protect their profits which is still acceptable, maybe not as aggressive in profiting as the day traders or long term traders but at least not as bad as people who still keep their cash in fiat. That is why even though OP was super wrong I would still support his way of thinking just so he doesn't earn as much but he doesn't lose neither point of perspective.
member
Activity: 469
Merit: 16
Hopefully this prediction is right. This is the year for Bitcoin. BTC prices have almost increased 3-fold since the beginning of the year and can surpass $ 10,000 in the coming days. It can further increase to $ 20,000 by the end of 2019, and in the next two years, BTC can be valued between $ 50,000 and $ 1,000,000.
member
Activity: 546
Merit: 32
dont believe in this indicators they according to price dont give importance to this indicators and decide that whole trend will change , even a small decrease in price rsi will fall quickly and macd will start to converge and it will diverge  
Indicators are just indicators so people don't have to concentrate much on them,even after many predictions says the prices won't even recover to the level of $5000 in 2019 but now see what is happening,we are at $11000 and still increasing.
It will serve as a good basis if you have good knowledge with reading indicators though there's no real assurance whether this indication will move according to what you expected but it's good if you can setup your strategy according to what you understand, working with the market you should bring your knowledge and be ready with any movements that will take place.
Sometimes it is better to go with what our mind says rather than what the indicator says,if someone sold bitcoins based on the indicator then they will lose their huge profits for now.Anyway it depends on every individual.I am much conservative and lazy to make trades too often so I chose to hold.
legendary
Activity: 2982
Merit: 1028
dont believe in this indicators they according to price dont give importance to this indicators and decide that whole trend will change , even a small decrease in price rsi will fall quickly and macd will start to converge and it will diverge  
Indicators are just indicators so people don't have to concentrate much on them,even after many predictions says the prices won't even recover to the level of $5000 in 2019 but now see what is happening,we are at $11000 and still increasing.
It will serve as a good basis if you have good knowledge with reading indicators though there's no real assurance whether this indication will move according to what you expected but it's good if you can setup your strategy according to what you understand, working with the market you should bring your knowledge and be ready with any movements that will take place.
member
Activity: 805
Merit: 26
I don't think they are that much exhausted but the fact that sellers are getting lesser and lesser helps it too.

Look at bitcoin price in the last 2 weeks, from the drop at 9 thousand dollars to under 8 thousand dollars it started to climb back up slow by slow and now it is over 9 thousand dollars again, it took bitcoin just a week to recover from a gigantic drop which means the bulls are still here and there is no exhaustion anywhere to be found. That is why I honestly think that even with sellers help with not selling cheaper there is still a lot of bulls and hype going around bitcoin that would make sure the price keeps going up.

Maybe some big whale will sell a lot and we can't cover it all and fall down but unless something unexpected like that happens we are going to keep going up.
It will become exhausted but not right now! There is a strong buyer or support under 10K dollars. If it goes below 10K, I think it is just a correction. But we cannot also deny that 10k usd is the psychological resistance of bitcoin also. From hitting the 11K dollars, I am anticipating what will be the next move of the whales. Do they go with the current flow and buy again thousands of bitcoin or they will sell already. Fortunately, until now there is no bad news in bitcoin.
member
Activity: 546
Merit: 32
dont believe in this indicators they according to price dont give importance to this indicators and decide that whole trend will change , even a small decrease in price rsi will fall quickly and macd will start to converge and it will diverge  
Indicators are just indicators so people don't have to concentrate much on them,even after many predictions says the prices won't even recover to the level of $5000 in 2019 but now see what is happening,we are at $11000 and still increasing.
legendary
Activity: 2926
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
Nothing is certain in the crypto market. Better yet, if we see a sudden increase or decrease in the market, we should run ahead to avoid the whale trap. I have not had any profits on BTC or ETH in the past 2 months because I feel this growth will be risky.
We should also set ourselves a margin of safety to avoid having losses of more than 50% - 60%.
I don’t understand what you mean by not having profits in that past 2 months, what happened to all the opportunities that has come and gone within that two months for you to make the profit, whale or no whale, life is full of risk and so is business too, it is now left for you to be extremely smart to manage the risk and not investing or taking risk is not management, you end up losing out completely.

Secondly, you need to watch the trend of things, and you should have known by now that the market of Bitcoin is still an healthy one and I don’t see any whale trap in there, the market is slowly growing as it ought to be growing with organic investment.
legendary
Activity: 2996
Merit: 1188
I don't think they are that much exhausted but the fact that sellers are getting lesser and lesser helps it too.

Look at bitcoin price in the last 2 weeks, from the drop at 9 thousand dollars to under 8 thousand dollars it started to climb back up slow by slow and now it is over 9 thousand dollars again, it took bitcoin just a week to recover from a gigantic drop which means the bulls are still here and there is no exhaustion anywhere to be found. That is why I honestly think that even with sellers help with not selling cheaper there is still a lot of bulls and hype going around bitcoin that would make sure the price keeps going up.

Maybe some big whale will sell a lot and we can't cover it all and fall down but unless something unexpected like that happens we are going to keep going up.
sr. member
Activity: 698
Merit: 251
dont believe in this indicators they according to price dont give importance to this indicators and decide that whole trend will change , even a small decrease in price rsi will fall quickly and macd will start to converge and it will diverge  
sr. member
Activity: 2618
Merit: 335
Well it seems your Twitter analyst has been proven wrong, though I know that what he did was just to guess what's likely to happen and the way I see it that's not going to happen cause the price is now going back up and the way I see it, there is going to be a bull this year, though the only thing I'm concerned about is the fees for transaction, if not for that there is nothing else I would be worried about. Last time in 2017 the fees was too much and I don't know how it's going to be this time around, especially if the price happens to get pass what it was back then, that means it will be more than what it was then.
full member
Activity: 1750
Merit: 118
It is a difficult thing to ask from buyers to keep buying just to go up however it is also quite possible that maybe instead sellers will start to sell less?

its possible to ask buyers to buy more especially if you know the person ( e.g if he is your friend or one of your family member ) every investors wants the better for thier investments therfor they will do anything such as buying more because this was the only way to up the price .

asking them to sell is the one that is nearly impossible to happen because majority of the investors will always prefer to hodl so that they can sell more in the future rather than selling too early and earn only small amount that they cant use immediately or worst they can loose  .
sr. member
Activity: 1372
Merit: 269
★Bitvest.io★ Play Plinko or Invest!
It's almost a year before the next halving occur. This is what others are really waiting for. Take this correction as an ooportunity to accumulate some decent bitcoin at cheaper price. If you will base on the historic price it's normal for some correction after a bull-market. History repeats it self.
Because of bitcoin halving, the price of bitcoin gradually moving up. A lot of speculation that are saying bitcoin will fall and becomes exhausted. However, there is a great support level at 7k dollars. Definitely, it would become hard for the price to go back specially, if there is no bad news for bitcoin.
hero member
Activity: 1666
Merit: 502
According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoin’s one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken past, often acts as a catalyst for a bearish trend reversal.

What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.

Full Story Here.

Your thoughts guys?


Bubbles bubbles bubbles, price vs kijun analysis using oversold/overbought conditions. Regardless of crypto fluctuations, we must be careful at all times because trend analysis and candles are not completely 100% correct in very fluctuating cryptocurrency and sensitive to information and news.
member
Activity: 338
Merit: 10
StartFi
Nothing is certain in the crypto market. Better yet, if we see a sudden increase or decrease in the market, we should run ahead to avoid the whale trap. I have not had any profits on BTC or ETH in the past 2 months because I feel this growth will be risky.
We should also set ourselves a margin of safety to avoid having losses of more than 50% - 60%.
full member
Activity: 1330
Merit: 147
Today I read an article that at the moment the investor's greed index is at its peak. This index is not used as a technical analysis tool, but it is determined by several factors. It is possible that the market will soon become bearish, I do not exclude this. But I want to believe that this will not happen
Don't use an article is a benchmark for you to predict the market movement. You have to use many articles if you do that, I mean if there is some articles that stated the same thing then you have to believe to these information. Against the market movement it's indeed everything will be happened there is no impossible but once again it depend on the information itself. Each investor will do the same thing if they read the several article who stated the same thing. I'll ignore the bearish market will come again at this time, seems like the market cryptocurrency has health again.
hero member
Activity: 2842
Merit: 772
No one knows when it will end or when it will begin,its all in the game and just react to what we are getting.The bullish trend keep continues and seems like will be able to break $10K at the next swing range.Anyone feels that $10,000 will be broken in near future? Or the strong resistance will keep the price at this phase.

Hard to say, right now I'm seeing like -2% in bitcoin price.

It means that there are sellers @$9000 range, might be a mental barrier for them. So it might take some time before we can finally break the $10k barriers. Of course, we wanted to see it get broken this month, but I'm more willing to wait and be patience.

We all know that the price shifts in momentum though, so I'm still positive that in the next coming months, that 5 digit price would be breach.
hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
No one knows when it will end or when it will begin,its all in the game and just react to what we are getting.The bullish trend keep continues and seems like will be able to break $10K at the next swing range.Anyone feels that $10,000 will be broken in near future? Or the strong resistance will keep the price at this phase.
hero member
Activity: 1092
Merit: 501
I think people are looking at the wrong direction right now, buyers are getting tired and sellers are always there because there are miners and panic sellers and traders and many others who are selling. However you are looking at "how we can go up" right now which is the wrong question to ask at this moment, the real question is "why should we go down" and that is the reason why it will be going up soon not down.

Look at the price and look at the hype around bitcoin once again after one and a half years, we haven't had this type of hype for a long time since the last all time high and there is absolutely no reason to go back down. That is why I think the worst case scenario we will be staying at this price whereas we will be going up in the best case scenario, there is no way bitcoin will fall after all of this.
You are right about the market ups and downs. There is no doubt in the fact that it does makes you feel down as well. But for an optimist, there could be signs of profits when a pessimist would just sell low. We still have reasons to invest in crypto and particularly in Bitcoin because we are going to have the Bitcoin halving in months to come and in addition to that, there could be sudden surge in the value as well.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
I think people are looking at the wrong direction right now, buyers are getting tired and sellers are always there because there are miners and panic sellers and traders and many others who are selling. However you are looking at "how we can go up" right now which is the wrong question to ask at this moment, the real question is "why should we go down" and that is the reason why it will be going up soon not down.

Look at the price and look at the hype around bitcoin once again after one and a half years, we haven't had this type of hype for a long time since the last all time high and there is absolutely no reason to go back down. That is why I think the worst case scenario we will be staying at this price whereas we will be going up in the best case scenario, there is no way bitcoin will fall after all of this.
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
Your thoughts guys?

June 03, 2019

Price: $8500

Today ( June 17, 2019 )

Price: $9191

as you can see, the price has increased, so I do not take these analyzes and price forecasts seriously, because most of the time they are wrong
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