Well there we go, today we hit the first resistance, $45k. The next one
after passing $45k and building support at that will be the $50k mark.
Traders like to set their sell orders just short of these $5k intervals, I used
to do it myself, something like $44,750 or $48,825.
Topic: Bitcoin in Rocket 🚀 mood. - page 3. (Read 698 times)
For now it doesn’t look like rocket mode.
https://de.tradingview.com/x/X9vxnYG2
As you see, it failed (at the time I’m writing this) to close above yellow line.
https://de.tradingview.com/x/X9vxnYG2
As you see, it failed (at the time I’m writing this) to close above yellow line.
$44k is in. So the support that everyone was talking about is $40k-$43k, bitcoin just broke those prices. And let's see if this is going to keep moving up to $50k.
I also hold when the market was red. I was worried a little as many people told that it is not winter but crypto ice which made me worry but then I thought that what ever happen at the end a good time comes. So I kept and I told to myself that if it is ice then even the ice melts at the end. Today I am very happy. I learned another lesson that stay firm we will get the success.
There are a few things we can do if the market is red. Either buy or hold, that's it. Selling isn't an option because if you have bought it higher, you have no choice but to wait until the market recovers.If the market is red and unstable buying or selling is not the right solution, but be patient not to sell and be patient not to buy.
especially if you have time to buy it out, the market is going down again, of course the worry is getting worse.
But sometimes people can take the situation to be able to buy me so I wonder how they dared to make the decision to buy at that time.?
yes after $44k we can easily cross the $50k value.
Why are you so confident saying this? $44k is still far from $50k, how can it easily achieve $50k? After BTC passes $45k today, I think it will drop again temporarily. It should need a little correction before it continues to break at a higher rate. $50k is possible, but I think it will take time, probably to reach $50k in the middle of this month if no bad news again. But if there is bad news again, we must prepare to face another storm in crypto market.This is so amazing to observe how easy it is to manipulate people. Every time Bitcoin price looses several thousands, and topics with content "hold" and "we are going to the bottom" appear immediately. Every time Bitcoin prices gains several thousands in short period after a loss, and topics "recovered", "rocket", "bull trend" appear in to time. Bitcoin is not a rocket, we are not even close to ATH, and in fact, we are on the same level we were month ago. Conclusion, in a month nothing has changed with Bitcoin price.
That's kinda normal in any social media platforms, forums, and other Cryptocurrency discussion websites. People would always talk about the price because that's the main reason of our concern. Though we have a different perception when Bitcoin dips or rise.
People tend to calm themselves seeing positive reviews and predictions during the bearish season, and will probably try to tell people to hold and accumulate more when Bitcoin is on a bullish momentum (which should be the other way around)
After all, we are all trying to manipulate the people forcing them to believe what we think is right for Bitcoin lol.
This is so amazing to observe how easy it is to manipulate people. Every time Bitcoin price looses several thousands, and topics with content "hold" and "we are going to the bottom" appear immediately. Every time Bitcoin prices gains several thousands in short period after a loss, and topics "recovered", "rocket", "bull trend" appear in to time. Bitcoin is not a rocket, we are not even close to ATH, and in fact, we are on the same level we were month ago. Conclusion, in a month nothing has changed with Bitcoin price.
That's just the idea that came to my mind and it's about the likely of the investors from FB(meta) stock that have sold and then reinvested it into bitcoin.
But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
Yes, this is the most logical reason why the price suddenly skyrocketed, the shift from FB stock to bitcoin market. And this is not just ordinary investors, this are whales, very deep pocket that can put millions upon millions of funds. But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
That's why the price suddenly went to $44k today. And I wouldn't be surprised if this goes up to $45k then the next barrier of $48k-$50k. So we can say that there is indeed some correlation between stock market and crypto market.
I hope that it will continue to go back to $50kish to $60kish. That's what we're wanting to see for bitcoin as it gets stable there and even it stays there for a long time.
That's already a win for everybody but right now, it's got to play somewhere around $42k-$44k.
That will be the next jump, $50k'ish is likely with the way the price is moving. We just touch $45k briefly though, but maybe we can gather enough momentum to push the price tomorrow. Another good day for investors and traders to see our portfolio coming into life again. So we will wait this whole week, I have a feeling that $50k will be reach again with this kind of positive sentiments.
That's just the idea that came to my mind and it's about the likely of the investors from FB(meta) stock that have sold and then reinvested it into bitcoin.
But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
Yes, this is the most logical reason why the price suddenly skyrocketed, the shift from FB stock to bitcoin market. And this is not just ordinary investors, this are whales, very deep pocket that can put millions upon millions of funds. But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
That's why the price suddenly went to $44k today. And I wouldn't be surprised if this goes up to $45k then the next barrier of $48k-$50k. So we can say that there is indeed some correlation between stock market and crypto market.
I hope that it will continue to go back to $50kish to $60kish. That's what we're wanting to see for bitcoin as it gets stable there and even it stays there for a long time.
That's already a win for everybody but right now, it's got to play somewhere around $42k-$44k.
Do you think that this skyrocket has something to do with Facebook's(Meta) massive drop? It could be the whales from there that have taken their share moved some of their wealth into bitcoin. I'm only thinking that it's one of the reasons on what we're seeing right now and it's my just mere opinion about the recent pump. It's likely that it will eventually hit back $41k.
I do not think this is connected to Facebook stock massive drop, I do not see how both price can even be related, this is just another bull run for bitcoin before the price may decrease again, I just know that this year will not really be so encouraging about bitcoin price, but I may be wrong.But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
That's why the price suddenly went to $44k today. And I wouldn't be surprised if this goes up to $45k then the next barrier of $48k-$50k. So we can say that there is indeed some correlation between stock market and crypto market.
Right, totally unexpected move to bitcoin market. When everyone is shouting for a bear market (including myself), the market suddenly turns into green candles and hopefully it can finished it that way this week. As we all know this correlation might not happen again and stock investors might suddenly get out of the market if this see FB or at least some other stocks are stabilising. So short term this is good, but still be wary and cautious at the same time.
Do you think that this skyrocket has something to do with Facebook's(Meta) massive drop? It could be the whales from there that have taken their share moved some of their wealth into bitcoin. I'm only thinking that it's one of the reasons on what we're seeing right now and it's my just mere opinion about the recent pump. It's likely that it will eventually hit back $41k.
I do not think this is connected to Facebook stock massive drop, I do not see how both price can even be related, this is just another bull run for bitcoin before the price may decrease again, I just know that this year will not really be so encouraging about bitcoin price, but I may be wrong.But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
That's why the price suddenly went to $44k today. And I wouldn't be surprised if this goes up to $45k then the next barrier of $48k-$50k. So we can say that there is indeed some correlation between stock market and crypto market.
Do you think that this skyrocket has something to do with Facebook's(Meta) massive drop? It could be the whales from there that have taken their share moved some of their wealth into bitcoin. I'm only thinking that it's one of the reasons on what we're seeing right now and it's my just mere opinion about the recent pump. It's likely that it will eventually hit back $41k.
I do not think this is connected to Facebook stock massive drop, I do not see how both price can even be related, this is just another bull run for bitcoin before the price may decrease again, I just know that this year will not really be so encouraging about bitcoin price, but I may be wrong.But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
That's why the price suddenly went to $44k today. And I wouldn't be surprised if this goes up to $45k then the next barrier of $48k-$50k. So we can say that there is indeed some correlation between stock market and crypto market.
$44k is in. So the support that everyone was talking about is $40k-$43k, bitcoin just broke those prices. And let's see if this is going to keep moving up to $50k.
yes after $44k we can easily cross the $50k value.I also hold when the market was red. I was worried a little as many people told that it is not winter but crypto ice which made me worry but then I thought that what ever happen at the end a good time comes. So I kept and I told to myself that if it is ice then even the ice melts at the end. Today I am very happy. I learned another lesson that stay firm we will get the success.
There are a few things we can do if the market is red. Either buy or hold, that's it. Selling isn't an option because if you have bought it higher, you have no choice but to wait until the market recovers.$44k is in. So the support that everyone was talking about is $40k-$43k, bitcoin just broke those prices. And let's see if this is going to keep moving up to $50k.
yes after $44k we can easily cross the $50k value.
I also hold when the market was red. I was worried a little as many people told that it is not winter but crypto ice which made me worry but then I thought that what ever happen at the end a good time comes. So I kept and I told to myself that if it is ice then even the ice melts at the end. Today I am very happy. I learned another lesson that stay firm we will get the success.
There are a few things we can do if the market is red. Either buy or hold, that's it. Selling isn't an option because if you have bought it higher, you have no choice but to wait until the market recovers.Bitcoin have to break the yellow line to continue higher. This is an resistance zone and must be done and maybe retested. https://de.tradingview.com/x/oymaqduL
It looks like the yellow line has been crossed. All the charts look very optimistic, but in my opinion the risk of a bull trap is still very high. We must not forget that whales play mostly against what the majority want to see on charts.
It have to close above the yellow line in daily chart. That’s important.
Do you think that this skyrocket has something to do with Facebook's(Meta) massive drop? It could be the whales from there that have taken their share moved some of their wealth into bitcoin. I'm only thinking that it's one of the reasons on what we're seeing right now and it's my just mere opinion about the recent pump. It's likely that it will eventually hit back $41k.
I do not think this is connected to Facebook stock massive drop, I do not see how both price can even be related, this is just another bull run for bitcoin before the price may decrease again, I just know that this year will not really be so encouraging about bitcoin price, but I may be wrong.But yeah, let's settle that and forget about the connection. Because every time there's a drop or rise for bitcoin, there's also some significant move for the stock market.
Bitcoin have to break the yellow line to continue higher. This is an resistance zone and must be done and maybe retested. https://de.tradingview.com/x/oymaqduL
It looks like the yellow line has been crossed. All the charts look very optimistic, but in my opinion the risk of a bull trap is still very high. We must not forget that whales play mostly against what the majority want to see on charts.
$44k is in. So the support that everyone was talking about is $40k-$43k, bitcoin just broke those prices. And let's see if this is going to keep moving up to $50k.
I also hold when the market was red. I was worried a little as many people told that it is not winter but crypto ice which made me worry but then I thought that what ever happen at the end a good time comes. So I kept and I told to myself that if it is ice then even the ice melts at the end. Today I am very happy. I learned another lesson that stay firm we will get the success.
There are a few things we can do if the market is red. Either buy or hold, that's it. Selling isn't an option because if you have bought it higher, you have no choice but to wait until the market recovers. Correct I am reserved on this movement, we will have to pass the usual resistance
points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.
I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.
If you keep on waiting for that to happen, do you realize how much money you are missing out? I mean if you could buy right now, and it reaches 50k, you are already in %20 or so in profit, and if you buy there, it reaches 60k, then you are in profit but you are missing out that extra amount.points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.
I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.
It is your decision of course and I could not tell you what to do, if you want to make a profit that way then you could make a profit that way and nobody could tell you what to do. However if you really want to make sure that you are doing the right thing, then I would have to suggest you to make sure you are ready for such an increase, we are not just a few dollars away from those prices.
Already bought the dip and worshiped at the church of DCA for the last 3 weeks!
I'm reserved in terms of getting excited too early.
Correct I am reserved on this movement, we will have to pass the usual resistance
points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.
I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.
If you keep on waiting for that to happen, do you realize how much money you are missing out? I mean if you could buy right now, and it reaches 50k, you are already in %20 or so in profit, and if you buy there, it reaches 60k, then you are in profit but you are missing out that extra amount.points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.
I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.
It is your decision of course and I could not tell you what to do, if you want to make a profit that way then you could make a profit that way and nobody could tell you what to do. However if you really want to make sure that you are doing the right thing, then I would have to suggest you to make sure you are ready for such an increase, we are not just a few dollars away from those prices.
Already bought the dip and worshiped at the church of DCA for the last 3 weeks!
I'm reserved in terms of getting excited too early.
Bitcoin have to break the yellow line to continue higher. This is an resistance zone and must be done and maybe retested. https://de.tradingview.com/x/oymaqduL
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