Topic: Bitcoin is going steadily up, don't you think? - page 3. (Read 635 times)
I see like that too. For me it is better because with steadily, bitcoin price not really extreme to move and it will be good for bitcoin itself. So pumped and dumped not always happen and it can make community will believe and make it stronger.
The reason for Bitcoin's steady growth, is the trading volume. I mean just look at the amount Bitcoin is being is traded, then you can know how much BTC will rise or fall.
Bitcoin follows the method of Supply and demand. If the demand is more and supply is less, then the price will gradually high.
I guess for this reason now we can see high price of the holy coin.
Hope this continues further and increases more, so that i can sell my BTC in comparatively higher price.
Bitcoin follows the method of Supply and demand. If the demand is more and supply is less, then the price will gradually high.
I guess for this reason now we can see high price of the holy coin.
Hope this continues further and increases more, so that i can sell my BTC in comparatively higher price.
It is going up steadily and I think that most people have either already sold all their BTC, sold partially or either hedged their position because they are scared of seeing Bitcoin retest the $3100 area again and if it breaks then it will enter the $2500 or $2000 territory so people rather just take profit here, rather than wait for $6000 which might not come.
Looking at the open interest and funding rate for Bitmex, it seems that many positions are either shorts or hedges due to the high OI and high negative funding rate. Since we are still trending up, its very bullish. And the fact that the Bitfinex/Tether fund hasn't caused the $4700 support to break is even more bullish.
Hence it looks like there is alot of selling but we are going higher so it means there is more buying and so we should see what May will bring.
Looking at the open interest and funding rate for Bitmex, it seems that many positions are either shorts or hedges due to the high OI and high negative funding rate. Since we are still trending up, its very bullish. And the fact that the Bitfinex/Tether fund hasn't caused the $4700 support to break is even more bullish.
Hence it looks like there is alot of selling but we are going higher so it means there is more buying and so we should see what May will bring.
I do have to agree with you, ever since I saw Bitcoin broke the 6,000$ support level since last year it has easily go down way past the 5,000$ level without any hesitation going to 3,000$ level. If we really wan't to see Bitcoin in the up trend or at least confirm a reversal we should see it go back above 6,000$. If we take our time a little longer here in the 5,000$ we might just see that Bitcoin move up on another consolidation level which I think is the most likely case if no notable movements happen for this month of May.
The downtrend you are talking from $6,000 is still part of the continous price decrease that started on early months of that year. Therefore, we can't really say that it established a support on that price level.
Now about going back $6,000, I don't know why some people are on rush. Just take a look at how impressive the slow increase coming from $3,000+ price level to what it is now. Even for ley's say that no such uptrend will happen this month, what matters here is, price should only swing around the current price level. If that will happen, we can steadily assume that the support is strongly built and that will lead into fueling another run.
Finger cross.
$5K was never an important S/R level historically. We tested it once on the way up in 2017, and otherwise these low $5,000s haven't really been tested much at all. We need to conquer the long term pivots ~ $5,750-$6,000 and hold above those to suggest anything about a bull market. Not looking at Bitfinex charts either!
That may not seem very far away, but I think there's enormous selling pressure waiting to come in if/when we get there. If bulls manage another wave up, I'd be ready for a wick through $5,800 that gets sold down hard.
I do have to agree with you, ever since I saw Bitcoin broke the 6,000$ support level since last year it has easily go down way past the 5,000$ level without any hesitation going to 3,000$ level. If we really wan't to see Bitcoin in the up trend or at least confirm a reversal we should see it go back above 6,000$. If we take our time a little longer here in the 5,000$ we might just see that Bitcoin move up on another consolidation level which I think is the most likely case if no notable movements happen for this month of May. That may not seem very far away, but I think there's enormous selling pressure waiting to come in if/when we get there. If bulls manage another wave up, I'd be ready for a wick through $5,800 that gets sold down hard.
Although we are experiencing a little pull back from $5.6K but seems bitcoin holding strong resistance above $5K. As I said before, if bitcoin hold $5K for couple of week then we can say we are on bull instead of bull trap.
$5K was never an important S/R level historically. We tested it once on the way up in 2017, and otherwise these low $5,000s haven't really been tested much at all. We need to conquer the long term pivots ~ $5,750-$6,000 and hold above those to suggest anything about a bull market. Not looking at Bitfinex charts either!
That may not seem very far away, but I think there's enormous selling pressure waiting to come in if/when we get there. If bulls manage another wave up, I'd be ready for a wick through $5,800 that gets sold down hard.
It seem like Bitcoin has entered an uptrend, since begin February 2019. It is most probably entering a new big bull cycle that will last for months, most probably for longer than one, one-and-a-half year.
You can check how the price moves in 2014-2015, and you will see some similarities. It was a slow grind leading up to the bull market in 2017. So we might be warming up for the next huge run in 2020-2021.
I read articles on tradingview of how the Bitcoin price is going to collapse. Well, this has already happened. We are in an uptrend now.
You just have to read those so called experts in tradingview. But it doesn't mean that they are right, they all based in on TA obviously, so it may or may not happened.
I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.
Don't be bothered by those pessimistic articles you find. There's a lot of positive news around, stick to them, much better to remain optimistic and used logic and learn to read between the lines.
Perhaps most think of an upward trend in the case of market colors, which are green but dominant fluctuating slowly, I will not quickly think it will be very fast pumping, don't be too hasty, don't laugh after the market is not good, investment is highly recommended because for the sake of personal good and the good of the market to get strong support, pay close attention, do not quickly overreact in happiness but look back wisely, identify the market first before concluding.
Well i think bitcoin price will continue goes up more and on the end of the year the price will be higher than was at the start of year, until then we can get more coins, and i think a bull run is possible before next year halving.
Although we are experiencing a little pull back from $5.6K but seems bitcoin holding strong resistance above $5K. As I said before, if bitcoin hold $5K for couple of week then we can say we are on bull instead of bull trap. My personal opinion is, we might not see bitcoin below $5K. If in case drop below $5K then we will see another FUD, and more price drop. But really I am not expecting that. If you follow articles from others then you will confuse. Few peoples are spreading FUD and few peoples are spreading FOMO. I don't believe both of them, I like to follow bitcoin trend overall.
I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.
The bears will continue to post negative/pessimistic articles about bitcoin and the bulls will do just the opposite. It will not end even if there is already an established trend. They are just upholding their views about bitcoin.
So much for the fuss but for now, the price is steadily recovering up but I feel like it's not gonna last somehow because we are seeing a slight recovery for now but the price is unpredictable when the ride is in a slow pace, There is an indicator in the chart that it will keep on going up or going down and market analysis is taking this speculation as nothing else but a guide, But if we are going to a bullish trend now, It may last somehow and it will be in a sudden movement so, for now, I really think that the market is preparing itself going in that direction we should wait and be patient about it.
Personally, I cannot say that we are in an upward or in a downward trend but I can say that we have created a strong resistance in 5k which is going to break very difficult.
Having said that, I expect to see the price going up in the future but after sometime that it will move around 5,5k and 6k. Then more people will see it as an opportunity to buy more due to this stabilization and then the price will possibly go up.
Having said that, I expect to see the price going up in the future but after sometime that it will move around 5,5k and 6k. Then more people will see it as an opportunity to buy more due to this stabilization and then the price will possibly go up.
It has been like that each time bitcoin goes down hard I think it is more likely an optimism for something that has barely keeping up the phase, anyways it is a good thing for bitcoin if people still believes because as long as there are people that believes in bitcoin it will never die but having false assumption and news will always have a good feedback on bitcoin and it will impact the current bull it is better for bitcoin to have a bad news than having no news at all.
Bitcoin price recently has been quite good the growing ia pretty steady, but it still can slip sometime, judging from the chart the support is still a bit weak so the price still could easily fall down, but it has been a better price compare to the early of this year and I believe this could trigger something positive
I beg to disagree, support is strong, if it is weak, then we may have seen it going below $5k. But the price seems to be fluctuating at $5100-$5300,
It's been on the green for two months already and this is an indication that we are entering the bullish zone and not be going to a new all time lows. Low lows currently is $5k, it might fall a bit if there is a negative news but I don't think that we can go < $4k.
Bitcoin price recently has been quite good the growing ia pretty steady, but it still can slip sometime, judging from the chart the support is still a bit weak so the price still could easily fall down, but it has been a better price compare to the early of this year and I believe this could trigger something positive
It seem like Bitcoin has entered an uptrend, since begin February 2019. It is most probably entering a new big bull cycle that will last for months, most probably for longer than one, one-and-a-half year.
I read articles on tradingview of how the Bitcoin price is going to collapse. Well, this has already happened. We are in an uptrend now.
I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.
My feeling is that Bitcoin is going steadily up, at least for the time being.
What do you think?
Hoping that bitcoin will continue its rally going back to 20,000 again and if this happens i would say that its worth hodling for almost 2 years. I read articles on tradingview of how the Bitcoin price is going to collapse. Well, this has already happened. We are in an uptrend now.
I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.
My feeling is that Bitcoin is going steadily up, at least for the time being.
What do you think?
I think we are going to see other coins Moving up too and it seems this is another bullish market that migh last for the next 3 to 4.years.
Bitcoin always ended up with a high price even it has an up and down price movement in the market. If you are going to compare the last price movement in the graph since bitcoin was found and until now the price ends up with the highest price. So now, bitcoin will be going to continue raising up in the market whatever happens even there's they called whale who manipulating the market.Now, obviously, we feel a bullish trend in the market and I saved some for my investment during the market was on dip last few months ago.
It seem like Bitcoin has entered an uptrend, since begin February 2019. It is most probably entering a new big bull cycle that will last for months, most probably for longer than one, one-and-a-half year.
I read articles on tradingview of how the Bitcoin price is going to collapse. Well, this has already happened. We are in an uptrend now.
I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.
My feeling is that Bitcoin is going steadily up, at least for the time being.
What do you think?
As a bullish trader I can tell you that the current market conditions is more of the uptrend than downtrend and if we are to take investments decision now that everything seems positive. I think we are going to see other coins Moving up too and it seems this is another bullish market that migh last for the next 3 to 4.years. I read articles on tradingview of how the Bitcoin price is going to collapse. Well, this has already happened. We are in an uptrend now.
I'm not sure why some people are insisting one publishing one pessimistic article after the other. My guess is that they missed their chance to buy low, before April, and now they are trying to influence their readers to how it suits their portfolio.
My feeling is that Bitcoin is going steadily up, at least for the time being.
What do you think?
I read articles on tradingview of how the Bitcoin price is going to collapse.
It depends on what price you define a collapse, people who where inn early got a long breath to wait it out where the 20k buyers saw a collapse in days.Yes, we get some positive traction the last few months.
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