The daily chart for BTC is so extremely bullish. I would rather have this for 365 days in a row instead of the crazy runs that lead to long squeezes and stop hunting.
The recovery after the dump down has been exactly what I look for. Slow steady rise of the bottom (not the peaks, but rather the valleys). This signifies more and more holders who aren't selling, and who are now at their entry ground floors.
Topic: bitcoin finally crossed $4000 (Read 5898 times)
Bitcoin passed $ 4,000 in just a few days, and now the price is back down in the range of $ 3,800. It seems that it is still very difficult for bitcoins to get past $ 4,000, it looks like it will take longer to get past. We have to wait more patiently and hopefully this doesn't last long.
I count on break above 4500$
as for now that move looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval
as for now that move looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval
Hey it’s quiet possible we may be able to see it crossing 4500$ levels in March, I feel if this rally continues slowly but steadily we shall even see it crossing 5k levels soon. I feel the current rally began due to people buying at lower levels, and then holding it for greater returns. I’m not sure whether Fidelity or Bakkt will apply back so soon, cause these procedures take quiet a while but if they apply and get approved then definitely a big bull rally will begin.
Nothing else can be done but hope for the best, there are pros and cons for this Bakkt so there are still doubts what it can be knowing we don't want a centralized regulatory system. Although they are very much needed for the mass adoption so if it can be launched as early as this March, the earlier we know what it can do to the market. Its interesting but can also be scary for the crypto.
Finally, the price went up. Three steps up and one down - now the situation is so. I am pleased that the cost of the remaining cryptos has gone up too. It looked like a new bullrun, but the price is again under $ 4k.
New bullrun not and not come. We're still waiting. At the moment, patience is the only key and we will wait for more growth.
New bullrun not and not come. We're still waiting. At the moment, patience is the only key and we will wait for more growth.
I was very happy when I saw this but accidentally, it didn't happen the way I want it because traders took their profits too early to start a new base price again. It was expected to happen though but too early and I am sure it got some members furious for the 30minutes sharp drop.
We talk too early guys 
Looks like the turbo bump is over, was just a bulls bad joke as we can see, the bump is over and now we are back to the crash speculation. This markets only play with our feelings, lol. I don't think it will be able to hit $4500 in the next weeks.
Looks like the turbo bump is over, was just a bulls bad joke as we can see, the bump is over and now we are back to the crash speculation. This markets only play with our feelings, lol. I don't think it will be able to hit $4500 in the next weeks.
As the market value of bitcoin continues to fall lately, so many things had crossed in my mind if bitcoin has really reached the bottom or something and uptrend is going to happen. It's like more of a pump-and-dump scenario now because even a small spike of its market value can give you a decent profit.
The price was moving slowly to increase, and I see that the price moves in many times in this day, the bitcoin price is up and down. I see on Poloniex that the price does not break $4200 level price, but the other exchange already reached it.
And if I check on the order buy and sell, I see the price it seems cannot increase too high, so I become a little bit worried to see the down for the price.
Besides that, in the buy order and sell order, there are not many traders who place the order. I am curious about what will happen tomorrow.
And if I check on the order buy and sell, I see the price it seems cannot increase too high, so I become a little bit worried to see the down for the price.
Besides that, in the buy order and sell order, there are not many traders who place the order. I am curious about what will happen tomorrow.
I count on break above 4500$
as for now that move looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval
as for now that move looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval
Hey it’s quiet possible we may be able to see it crossing 4500$ levels in March, I feel if this rally continues slowly but steadily we shall even see it crossing 5k levels soon. I feel the current rally began due to people buying at lower levels, and then holding it for greater returns. I’m not sure whether Fidelity or Bakkt will apply back so soon, cause these procedures take quiet a while but if they apply and get approved then definitely a big bull rally will begin.
I count on break above 4500$
This is possible this month, BTC is just mooning and we cannot stop it.
People around are prediction more bullish run and this time of the market where green is everywhere, it's very enticing to us to invest again.
New comers are going to accumulate at this price, run was already consistent and the support is big.
I count on break above 4500$
as for now that move looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval
as for now that move looks good to me
Price is going slowly step by step
I have some thoughts that current move begin when all that issue with shutdown in USA ended
Now Fidelity can launch maybe even in March and also Bakkt can be set up for CFTC approval
i'm much more concerned about bakkt because physical delivery = real effects on supply and demand
That goes without saying. But other people are still saying that they are going to issue more Bitcoin certificates that they will have bitcoins in their custody. Then we are instantly back to square one
that's precisely why it's a scary proposition. if traders treat bakkt futures as a purely speculative market (ie withdrawing very few bitcoins from bakkt's custody), then we're likely to see lots of supply dilution via rehypothecation. that's how central counterparties (like bakkt) make money
But isn't it the same with gold?
As you had been saying yourself in that debate? Some traders may go for physical gold (as they are buying physically settled contracts) but many will just sell these contracts before the expiry. But we still don't see extreme volatility or insane prices with gold even if there is less physical gold in vaults than paper gold in contracts (as you claim). So why do you think Bitcoin will be different?
In other words, what makes you so scared?
but the volume has no relation to the spot market. there's no way to arbitrage, there's no physical delivery. the CME market is basically like trading a CFD. it's totally isolated from the market. there's no way it could lead the price. so it's not really important
Wasn't it you who had been arguing with me on that issue in the past?
If I remember correctly, you were claiming that the amount of gold derivatives to be physically delivered (if not sold before the expiry) by far exceeded the amount of gold in the vaults, were you? In this manner, they could be considered paper gold only, yet that massively affected the gold spot price. Now you are saying a completely different thing, like 180 degrees different. How come?
no, you're just confusing two different ideas.
the CME market = cash-settled contracts. there is no direct relation to the bitcoin markets. there is no physical settlement, no physical backing, no spot buying/selling/transferring, nothing. these are not "paper bitcoins" at all, thus not comparable to "paper gold".
i'm much more concerned about bakkt because physical delivery = real effects on supply and demand
That goes without saying. But other people are still saying that they are going to issue more Bitcoin certificates that they will have bitcoins in their custody. Then we are instantly back to square one
that's precisely why it's a scary proposition. if traders treat bakkt futures as a purely speculative market (ie withdrawing very few bitcoins from bakkt's custody), then we're likely to see lots of supply dilution via rehypothecation. that's how central counterparties (like bakkt) make money.
this can't happen in cash-settled markets because there is no bitcoin collateral for CME or CBOE to rehypothecate. everything is 100% settled in cash so there is no risk of "paper bitcoins" diluting the supply.
It is there at 4000$ for some minutes but suddenly the price of Bitcoin has fallen to 3925$ and it seems many people are selling the bitcoin at the 4000$ level. Before that the price of Bitcoin should be stable at 3950$ above and after some the price of Bitcoin will easily cross the value of 4300$ mark.
This is what people who are trading on the price rely on when leveraging their bitcoin on these platforms like bitmex use to gain the advantage.When it crosses a certain level such as $4000 then everybody starts to put in their price to buy knowing it will fall a bit but then rise up as it did right after you posted.
Hopefully we will see the $4300 price tomorrow as you predicted it should cross soon.
Happy to see btc breaking $4k. Finally some positive vibes happen and it's been a long time since we have this. It's fine for me even if it's not the start of bull run yet atleast we got a rise already from a long wait but of course it's better if it would be. I'd rather choose a slow rise tho.
It looks like Bitcoin had a hard time breaking through $4k. It broke multiple times already, but hadnt stay there long, we're somehow stable at $3.9k, good thing it didnt fall below that. I think, a lot of people are selling at $4k causing the price to drop again.
Yes people are waiting for the price to cross over 4k until they decide to dispose their coins , thats why its normal for the price to drop again at 3.9'ish levels . though thats okay . that is just a small difference , what more important is that the price of btc now is more stable than compare to previous weeks .
still looking upward and with those incoming news, investors will start to show up again and make this run much stronger, looking forward to see higher
value and start the real bull.
Keep it coming and make it more higher, reversal as possible to pumped up.
It looks like Bitcoin had a hard time breaking through $4k. It broke multiple times already, but hadnt stay there long, we're somehow stable at $3.9k, good thing it didnt fall below that. I think, a lot of people are selling at $4k causing the price to drop again.
Yes people are waiting for the price to cross over 4k until they decide to dispose their coins , thats why its normal for the price to drop again at 3.9'ish levels . though thats okay . that is just a small difference , what more important is that the price of btc now is more stable than compare to previous weeks .
Take it on a wider time frame I think you will get less spiky readings. But I guess its right, its reflecting that we broke upwards. I use OBV not RSI as OBV will include volume as part of its measurement
Wuuuut
does anyone want to explain this chart?
the price jump above $4100, RSI 92 points
does anyone want to explain this chart?
the price jump above $4100, RSI 92 points
even close to $4200 now and going up!
I try to find some relevant information on the news but i can't explain the bump, lets see how high it goes.
If you cannot explain it, that means price is due for bullish trend and people will start to FOMO now.
Hopefully things will continue to stay green, it's love month so crypto give us some love.
Wuuuut
does anyone want to explain this chart?
the price jump above $4100, RSI 92 points
does anyone want to explain this chart?
the price jump above $4100, RSI 92 points
even close to $4200 now and going up!
I try to find some relevant information on the news but i can't explain the bump, lets see how high it goes.
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