Topic: Bitcoin is heading back to $6k - page 15. (Read 2297 times)

right, good analysis and strategy will determine our success in this business. we know prices are starting to respond lately. and of course this makes our psychology stronger, and therefore regrets those who panicked before

You know that many of us work with intuition a lot, I almost made that same mistake too if not for the intervention of technical analyses, it was from their that I studied the price movement for my trade and the moment it gave a green signal, I had to hold back, and I am glad I did not follow my emotion.

The difference between mine and his is that I have money that I have already invested in BTC during the bear market and that one has been tied to BTC ATH and till I see Bitcoin ATH before I can consider touching that, so I have a spare money that I can throw round the market for short term trade, and if one is to be successful in that, our analysis tools are what should matter most and not just opinions.

I think you can call it whatever you want either "trend" or "support/resistance" or whatever but in the end we all know bitcoin stops at certain prices when it hits those numbers and than moves between those numbers much quicker.

For example, this was very very clear on 4200 level, its not that clear right now so I am going to give example from those days. People saw that bitcoin couldn't break 4200 a few times and started to trade according to that, they sold at 4200 and they bought lower which made it even harder to break the 4200 levels.

This is happening the same today as well, we try to go up and when we fail we go back down a bit and people sell their coins at high which makes it harder for us to go even higher, if people just hold their coins instead of selling we could break more barriers and get even higher.

The possibility of reaching $6k is high. But it will still go down to $5200-5,300 as some speculates it to be slowly going to bull run a few months or weeks from now. We can not still be sure that it will go up to $6k easily. There are still hindrances and if you look at the market, it was stable for a while before dumping and then will go pump for a few days again.

I am agree. When the price rise drastically, its seem suspicious and its like pumped. We must be remember when bitcoin pumped to $20k in 2017 and after that the price drop to $3500. Its better if the price grow slowly but sustain

Better slow increase rather than drastic rise. This kind of price movement is more stable than a steep climb. As adoption is growing everyday, no doubt we are experiencing a slow increase of bitcoin's price. And of course, this is great news to all of us crypto enthusiasts!

every time there is a significant price increase will definitely experience a price correction again and we can see in a few moments after the price has reached around $ 5600 and then back correction and everything decreases, it may not be time for a bitcoin to reach $ 6k in the near future the price is a little too many people sell it to be able to take advantage of the situation of the increase.

Isn't obvious that they will choose or make higher prices if they can move price just like they want?


Good luck with that, short! Your order will be liquidated this year or stopped with loss...

BTC is looking great again. But we will see massive resistance around 6k USD per BTC. So be prepared for scenario where BTC could head lower. This scenario is most likely for my case. But in bullish scenario in which BTC goes trough 6k USD per BTC in next months or in half a year, it will probably come back to 6k level to test that area as a support, so you will get another chance.
I think that we have between two or three waves more until that bullish scenario which could be in 4th quarter of 2019.

Investor confidence began to increase again against bitcoin as an asset to become an investment in both the short and long term. The increase will continue to occur if the market volume continues to increase, the increase that occurs also looks very healthy and far to be said to be a bubble. Maybe if conditions like this continue to increase significantly even it looks like the price of bitcoin will be more than $ 6k

Great! Bitcoin is starting to gain its price from huge price correction and sooner or later we will see the quite reasonable price to maintain at a stable price. It may be slow before Bitcoin starts to gain its price but at least it's quite stable. People who find it unstable should look at the price history and their gap range.

Lately the shorts have gotten eaten alive, which has helped boost up the price. On the other hand there will always be profit-taking after a substantial rise like the one we've had. My guess is that the market will take a breather and will resume higher very soon. $6,000 will be an easy target in the next few weeks, IMO.

Right.The market is heading into a bullish trend and i think the market price won't just dump easily just like the price we had before.So invest now and do not wait for more dropdown of price because the more you resist from investing,the more opportunities you have been ignoring that will make you regrets at the end of the day.

How do you think so ? It isnt even clear what the rates will do and/or if we fall further on the chart. I hope so but it isnt set in stone yet.

one day after you make this post the price fell


Of course in the future the price will be higher than $ 6000, this is something you do not need to ask


stop believing in rumors


now we need more than $ 500 to see $ 6000


I do not believe we'll see $ 6000 this week, maybe 2 weeks or 1 month

Do not buy when it was in all time high, Usually every time a coin reach an ATH its immediately follow by a slight dump. You should have wait a few more days for correction before your buy BNB,

BTC is having a bad day today most market are in red condition after a series of green days.

Really confused with market moment. Other's opinion, news, analyses and growth trend do not support me to guess and trade. I bought few best coins when the market was in red for 3 continues days. This is again the 6th day, the coin remains falling down. To be open, i bought BNB when it was 24 dollars hoping for minimum a dollar growth in 3 days. But now it is $21 plus. A good coin, bullish market situation but the value is falling down.

Well, you made a mistake.  Those kind of errors are very easy to make if you're betting on the price of bitcoin--and I'm not sure why your friend made that prediction, but it sounds like he/she believes in TA based on the way you wrote what was told to you.  I think TA is a bunch of hooey nonsense, but in any case all you had to do was look at bitcoin's momentum to realize that it was probably going to break through $5400.  The market is very bullish right now and it might stay that way for a while.

More TA speak, but I agree with what you said.  It seems like just yesterday that bitcoin was stuck in the $3300-$3600 range and had been there for many months.  That's one hell of a gain it's seen, and I'm just hoping it doesn't go up too much too soon, like it did in 2017.  If that happens, we're in for another crash and I for one don't want that.

Altcoins seem to be getting pounded, btw.  I took a big hit on some PIVX I own, but I'm hoping on a market rebound.  We all make trading mistakes.

Edit:
Whoops, I didn't even notice you wrote this--that's exactly what I was thinking and what I wrote myself.  That's why you can't listen to tips and follow other traders' advice.  It's often wrong or they'll try to make a profit off you by giving you intentionally wrong advice.  But anyone actually looking at the bitcoin market ought to have been able to see that the trend is upward, and that it's a strong trend (seemingly).

Nah. At this exact moment I am typing this, it has dipped 5.4k. I know it is quite small, but just by being not able to grab the 6k door that fast won't give me that amount of hype to fully tell myself that this is already a bull run. Right now and for at least, it is stabilizing a bit above 5k which is actually quite acceptable for me but this won't be the time for me to sell a bit of my coins, not even a cent.

You're damn right @OP, Bitcoin is actually gathering momentum to rise again. Waking up and seeing Bitcoin making such a jump in value actually put smiles on the faces of most crypto enthusiasts. To all those who are still waiting to see another bottom of bitcoin before they invest should think twice because i doubt bitcoin's price would come that low again.

Wow, bitcoin is just full of surprises, I didn’t really expect BTC to break the $5500 resistance so soon, although it was very close, but the struggle was not much, it seems we are really getting to close to $6000 as you said, I am sure many people will already be getting set to panic sell now, because they have been doubting the trend it will pick $6000

Now that we have the clear direction of where it is heading to next, we will continue to hold our coin while I advise those who are still looking for the best spot to buy, should do that now, so they don’t get confused when the price continues to skyrocket from the point it breaks its major resistance levels.