Bitcoin moving with fundamental news

Timmzzy

member

Activity: 785

Merit: 34

SOL.BIOKRIPT.COM

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

the market now is controlled, mostly by the news T.A, is just for confirmation, and so on, but i came to a spot where am to ask questions like whats really happhappening in the trading space is it that we dont HAVE TRENDING MARKETS anymore or what because at times i seat to QUESTION? my own analysis.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Jatiluhung on June 17, 2023, 05:07:51 AM

Somehow but nowadays fundamental news and bitcoin movement sometimes don't follow each other. If usually when there is a big cash flow, the price will decrease quite quickly. but at this time sometimes there is fud news today but the market declines the next day. Or when yesterday there was positive news about a blackrock company that might be included in a bitcoin ETF or something. Well usually big news like this will make the market excited. but it turns out yesterday the price actually went down again. and then it was only today that we saw the bitcoin bull run back. There are several pauses in price movements with fundamental news. But basically the movement of bitcoin still follows fundamental news, it's just that sometimes the market reaction is always a little late. Maybe my observation is wrong. but that's what I've been noticing lately.

What happens is that the strength of each fundamental news varies, but most of the time the news which have to do with a major country and their regulations have the tendency to move the market way more than other fundamental news, also the timing of the news is really important, if we are in a bear market a positive news will not move the price of bitcoin upwards as there is a huge resistance for this to take place, however if during that period a negative fundamental news took place then the price will go down at an incredibly speed.

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: Strongkored on June 16, 2023, 10:44:30 PM

Quote from: usekevin on June 16, 2023, 01:18:08 PM

Every time we get some news based on crypto currency.So the news was the cause of the rise in price or fall of the price.The prediction of bitcoin price by various traders and sharing on forum also affect the price of bitcoin in the market.The demand in the bitcoin in the market will also had some effect of the bitcoin price.Some call of trading signals also become a cause for price change in certain coin.

It always happens that news affects the price of the crypto market, but the difference is that only true news can affect the price of Bitcoin, fake news that speculators try to use to influence the market will not have a very big impact because Bitcoin's fundamentals are very strong compared to other coins. Bitcoin is back to a price of $26,000 and in this month perhaps the best price is $27,500. And always believe in Bitcoin fundamentals that have been tested in many difficult situations because the news that appears is true or not but Bitcoin is bounce back again.

As long as Binance and Coinbase are fighting against SEC for the allegations against them, I doubt if Bitcoin and the overall market will have much recovering, small ups and downs are a part of it, but it won't be able to go up much, so I believe this is nothing more than a trap for those who might start buying because it will dip again very soon and those who buy right now will regret their decision most probably.

The bounce back will take some time and it probably won't happen this month considering there is only about two more weeks for the month to end and we are yet to know the verdict of the cases going on, so we should probably either just wait or do DCA if the price starts dropping again.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Jatiluhung on June 17, 2023, 05:07:51 AM

Somehow but nowadays fundamental news and bitcoin movement sometimes don't follow each other. If usually when there is a big cash flow, the price will decrease quite quickly. but at this time sometimes there is fud news today but the market declines the next day. Or when yesterday there was positive news about a blackrock company that might be included in a bitcoin ETF or something. Well usually big news like this will make the market excited. but it turns out yesterday the price actually went down again. and then it was only today that we saw the bitcoin bull run back. There are several pauses in price movements with fundamental news. But basically the movement of bitcoin still follows fundamental news, it's just that sometimes the market reaction is always a little late. Maybe my observation is wrong. but that's what I've been noticing lately.

That is why the current situation is no longer predictable because the market can change at any time and does not depend on the existence of fud news or the movement of traders.

We must be careful with the current situation in the market and not just follow the fud news without seeking further information. We really have to keep learning to analyze and be able to find more information to understand what is and will be happening in the market.

Only then can we adjust our trades to enter the market after analysis. Maybe if we don't find any news, we can observe before deciding.

borovichok

hero member

Activity: 1148

Merit: 518

Quote from: jeraldskie11 on June 17, 2023, 05:39:27 PM

The price of Bitcoin fluctuates gradually, but when there is significant news about it, there is an impulsive move to the upside or downside as I have seen in the market. I think that it's preferable if you're active on social media to know what's going on before it's declared, but that's not always the case; as I've seen in the market, if the price isn't yet announced, it won't immediately cause a big move. Meaning, most investors are waiting for official news before taking action because not every news is true; some are fabricated for the purpose of manipulation.

The general public understands how Bitcoin works; it's not a new concept, and I'm becoming more acquainted with the project on a daily basis, much like Gold in the currency market. Bitcoin is well-known for its tremendous up and down market movement, which is unpredictable by professional traders and does not always favor everyone. The fundamental news has an impact on all projects in the market and is the primary factor that moves in response to the news. CPI, FOMC, and NFP are normally released twice or once a week. News are generally appropriate, and are more comparable to technical analysis.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Quote from: jostorres on June 17, 2023, 01:04:42 PM

Quote from: cryptodude on June 14, 2023, 11:07:44 AM

Bitcoin price may rise in cryptocurrency market based on some fundamental news. For example any government announcements, major partnerships and even world economic indicators can affect the value of Bitcoin. A good news such as Bitcoin acceptance in a new country which increases the amount of investment in the market and the price of Bitcoin increases while a bad news such as a problem with cryptocurrency security which increases the selling pressure can cause the price of Bitcoin to fall. Cryptocurrency investors can definitely make good earnings if they keep an eye on these market trends.

If the news is also positive yes but if it's negative, we will only experience a decline. Crypto investors can avoid losing if they can sell quick before the negative news occurs. This is why it's better to be aware on what is happening around you. Being active on social media sites does help as well because sometimes the happenings are being shared there before the news covers it.

The only way for a crypto investor to earn is when there is a good news. We can still be able to buy coins cheaply when the price goes down right after a bad news. Fundamental news is so powerful but there are still lots of people who underestimate it especially the traders because they only focus on the technical aspects.

The price of Bitcoin fluctuates gradually, but when there is significant news about it, there is an impulsive move to the upside or downside as I have seen in the market. I think that it's preferable if you're active on social media to know what's going on before it's declared, but that's not always the case; as I've seen in the market, if the price isn't yet announced, it won't immediately cause a big move. Meaning, most investors are waiting for official news before taking action because not every news is true; some are fabricated for the purpose of manipulation.

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: cryptodude on June 14, 2023, 11:07:44 AM

Bitcoin price may rise in cryptocurrency market based on some fundamental news. For example any government announcements, major partnerships and even world economic indicators can affect the value of Bitcoin. A good news such as Bitcoin acceptance in a new country which increases the amount of investment in the market and the price of Bitcoin increases while a bad news such as a problem with cryptocurrency security which increases the selling pressure can cause the price of Bitcoin to fall. Cryptocurrency investors can definitely make good earnings if they keep an eye on these market trends.

If the news is also positive yes but if it's negative, we will only experience a decline. Crypto investors can avoid losing if they can sell quick before the negative news occurs. This is why it's better to be aware on what is happening around you. Being active on social media sites does help as well because sometimes the happenings are being shared there before the news covers it.

The only way for a crypto investor to earn is when there is a good news. We can still be able to buy coins cheaply when the price goes down right after a bad news. Fundamental news is so powerful but there are still lots of people who underestimate it especially the traders because they only focus on the technical aspects.

Jatiluhung

sr. member

Activity: 910

Merit: 430

Get $2100 deposit bonuses & 60 FS

Somehow but nowadays fundamental news and bitcoin movement sometimes don't follow each other. If usually when there is a big cash flow, the price will decrease quite quickly. but at this time sometimes there is fud news today but the market declines the next day. Or when yesterday there was positive news about a blackrock company that might be included in a bitcoin ETF or something. Well usually big news like this will make the market excited. but it turns out yesterday the price actually went down again. and then it was only today that we saw the bitcoin bull run back. There are several pauses in price movements with fundamental news. But basically the movement of bitcoin still follows fundamental news, it's just that sometimes the market reaction is always a little late. Maybe my observation is wrong. but that's what I've been noticing lately.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: irhact on June 17, 2023, 12:45:22 AM

Quote from: Mpamaegbu on June 12, 2023, 01:37:10 PM

~snipped

It could also be that because the market has already dumped so much for the past two years that we don't have much weak hands to be scared by what the security and exchange commission are doing to exchanges. When don't have much sellers left in the market and also if you observe the case, it has nothing to do with Bitcoin and the altcoins that it affects more are dumping and catching like wildfire.

You could've a point there. However, I do think it's more of people getting used to Bitcoin always coming back from its near "death experiences" each time and deciding to hodl despite any FUD. Even those who FUD do so to get cheap entry. Investors aren't as scared as they were a few Bitcoin circles ago. Each circle has taught many of us to continue to believe in Bitcoin's reliability. Take for instance, a few months ago someone begged me to invest in cryptocurrency of my choice for them. Knowing how nothing is certain in this industry, I took a gamble with Bitcoin. I put the cash on Bitcoin. On my own fund, I would've invested on some alts and borne the huge risk. I chose Bitcoin because it's money I wanted to gain back no matter how long it took. It will only use up anyone's patience for whatever dip Bitcoin is experiencing to get back to profit. This type of mindset I didn't have a few years ago. In the past I would've panicked with each dump and sold off but not now anymore.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Strongkored on June 16, 2023, 10:44:30 PM

It always happens that news affects the price of the crypto market, but the difference is that only true news can affect the price of Bitcoin, fake news that speculators try to use to influence the market will not have a very big impact because Bitcoin's fundamentals are very strong compared to other coins. Bitcoin is back to a price of $26,000 and in this month perhaps the best price is $27,500. And always believe in Bitcoin fundamentals that have been tested in many difficult situations because the news that appears is true or not but Bitcoin is bounce back again.

Dude, there is almost no such thing as true news these days. Just a version of the true news. You just have to see one event in the markets, and then ask different people what it means, and you can see 5 different angles. Even the news always shows opinion polls on what happens next and it's so and so people who think Bitcoin goes up, so and so think it goes down.

The more important thing to realize about Bitcoin price is "news" affects it temporarily. Fake or true. But wait long enough and it always goes up. Once you realize this you don't care anymore about news.

irhact

hero member

Activity: 616

Merit: 749

Quote from: Mpamaegbu on June 12, 2023, 01:37:10 PM

The news of SEC's "harassment" of Binance isn't even catching on like a wildfire as one would expect with such magnitude of news and I think it's because the market had already developed a mindset of a bull rally before now. I shared this similar opinion in another thread.

It could also be that because the market has already dumped so much for the past two years that we don't have much weak hands to be scared by what the security and exchange commission are doing to exchanges. When don't have much sellers left in the market and also if you observe the case, it has nothing to do with Bitcoin and the altcoins that it affects more are dumping and catching like wildfire.

News has always been the biggest influence on the cryptocurency market, whenever there's a news, the market will always react. It doesn't matter if the news has anything to do with Bitcoin or not. When the news is after the cryptocurrency industry, Bitcoin also gets affected just like with the recent news of the US SEC coming after centralized exchanges.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: usekevin on June 16, 2023, 01:18:08 PM

Every time we get some news based on crypto currency.So the news was the cause of the rise in price or fall of the price.The prediction of bitcoin price by various traders and sharing on forum also affect the price of bitcoin in the market.The demand in the bitcoin in the market will also had some effect of the bitcoin price.Some call of trading signals also become a cause for price change in certain coin.

It always happens that news affects the price of the crypto market, but the difference is that only true news can affect the price of Bitcoin, fake news that speculators try to use to influence the market will not have a very big impact because Bitcoin's fundamentals are very strong compared to other coins. Bitcoin is back to a price of $26,000 and in this month perhaps the best price is $27,500. And always believe in Bitcoin fundamentals that have been tested in many difficult situations because the news that appears is true or not but Bitcoin is bounce back again.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: usekevin on June 16, 2023, 01:18:08 PM

Every time we get some news based on crypto currency.So the news was the cause of the rise in price or fall of the price.The prediction of bitcoin price by various traders and sharing on forum also affect the price of bitcoin in the market.The demand in the bitcoin in the market will also had some effect of the bitcoin price.Some call of trading signals also become a cause for price change in certain coin.

Yes, the significance of these type of news do really make out some effects on the market now which unlike before on which it doesnt really make out some effect but now everytime we do see that there's some news which is really that connected to Bitcoin or some crypto then it do make out some effect and on the time comes on which the effect would really be having that domino effect.
This is why people most of the time would really be making out such step on placing their positions on the time that the market would be making out some correction.

This is where FA would be kicking in as an investor or trader then you would really be seeing this situation to be that relevant for you to make such action. Its hard and unpredictable because just
like been said by other members here that not all the time the market would really be having that kind of reaction. This is why its not still an assurance or being sure that it would be making
effect. This is where risk taking would take place because not all would really be having the same mindset and actions would be taking.

usekevin

hero member

Activity: 2324

Merit: 562

DGbet.fun - Crypto Sportsbook

Every time we get some news based on crypto currency.So the news was the cause of the rise in price or fall of the price.The prediction of bitcoin price by various traders and sharing on forum also affect the price of bitcoin in the market.The demand in the bitcoin in the market will also had some effect of the bitcoin price.Some call of trading signals also become a cause for price change in certain coin.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Mpamaegbu on June 12, 2023, 01:37:10 PM

Quote from: palle11 on June 07, 2023, 05:34:43 AM

The volatility with price now can be traced with what is coming out from binance legal challenge and allegations with sec and restrictions from some countries. If that is what you call fundamental news maybe and that is going to create more panic until it settles down. However, it shouldn't affect the price of bitcoin for a longtime because bitcoin has a way of moving on after the news. News is a time to make quick profit and quick loss.

The news of SEC's "harassment" of Binance isn't even catching on like a wildfire as one would expect with such magnitude of news and I think it's because the market had already developed a mindset of a bull rally before now. I shared this similar opinion in another thread. On the general; Bitcoin, just like every other coin/token moves with news. The news may not be volatile just like we've it now with SEC roughing it out with Binance (the topmost exchange as it's now) or when it was volatile during the FTT exchange collapse. It shouldn't surprise anyone as every business is moved by news whether online or offline.

This is a good observation, the market went down after the news of the actions of the SEC against binance came out, but it is nowhere near as bad as it could have been, and this means that despite everything that happened people are still bullish, even if those feelings still are not reflected on the price, the only way to really crash this market is if a black swan came out of nowhere and hit the world, similar to what happened when the pandemic was first confirmed years ago.

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: Mpamaegbu on June 12, 2023, 01:37:10 PM

Quote from: palle11 on June 07, 2023, 05:34:43 AM

The volatility with price now can be traced with what is coming out from binance legal challenge and allegations with sec and restrictions from some countries. If that is what you call fundamental news maybe and that is going to create more panic until it settles down. However, it shouldn't affect the price of bitcoin for a longtime because bitcoin has a way of moving on after the news. News is a time to make quick profit and quick loss.

The news of SEC's "harassment" of Binance isn't even catching on like a wildfire as one would expect with such magnitude of news and I think it's because the market had already developed a mindset of a bull rally before now. I shared this similar opinion in another thread. On the general; Bitcoin, just like every other coin/token moves with news. The news may not be volatile just like we've it now with SEC roughing it out with Binance (the topmost exchange as it's now) or when it was volatile during the FTT exchange collapse. It shouldn't surprise anyone as every business is moved by news whether online or offline.

Maybe you just look the market now and not before during the start of this news. Right now the market have recovered but before there were some minor drop and that might be reason why it didn't spread like a wildfire to other cryptos. It's also because many people did not panic because they know that Binance got this which is right.

People can develop a bull mindset but it would still be nothing once a major negative event hit the crypto world. That mindset can still easily change. The case of FTT is different. It's not SEC that harass them but they did something wrong which lead for their platform to collapse and that had hit the market very hard.

cryptodude

member

Activity: 224

Merit: 11

Tontogether | Save Smart & Win Big

Bitcoin price may rise in cryptocurrency market based on some fundamental news. For example any government announcements, major partnerships and even world economic indicators can affect the value of Bitcoin. A good news such as Bitcoin acceptance in a new country which increases the amount of investment in the market and the price of Bitcoin increases while a bad news such as a problem with cryptocurrency security which increases the selling pressure can cause the price of Bitcoin to fall. Cryptocurrency investors can definitely make good earnings if they keep an eye on these market trends.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Mpamaegbu on June 12, 2023, 01:37:10 PM

Quote from: palle11 on June 07, 2023, 05:34:43 AM

The volatility with price now can be traced with what is coming out from binance legal challenge and allegations with sec and restrictions from some countries. If that is what you call fundamental news maybe and that is going to create more panic until it settles down. However, it shouldn't affect the price of bitcoin for a longtime because bitcoin has a way of moving on after the news. News is a time to make quick profit and quick loss.

The news of SEC's "harassment" of Binance isn't even catching on like a wildfire as one would expect with such magnitude of news and I think it's because the market had already developed a mindset of a bull rally before now. I shared this similar opinion in another thread. On the general; Bitcoin, just like every other coin/token moves with news. The news may not be volatile just like we've it now with SEC roughing it out with Binance (the topmost exchange as it's now) or when it was volatile during the FTT exchange collapse. It shouldn't surprise anyone as every business is moved by news whether online or offline.

Not really that much on which that recent SEC vs Binance issue on which the price didnt really dip that much just like on what most people been anticipating and is true and this is really just like on what happened on the time that FTX does have an issue on which the price had just dipped around -5k which we know that it isnt really that something massive, right? People are really just too nervous when it comes to these economical issues or situations on which this hadnt been that new anymore into this market on which it would really be that normal that there would really be these kind of declines considering that
it is really that attached to crypto space specially with Binance.

Whenever there are issues been raised on then it wouldnt really be that shocking that crypto market would really be having that reaction but if we do really compared in into those previous years
on which the scale of effect isnt really that much if you do compared to now on where it do really often have that effects and this is why people here on crypt does really have
that kind of anticipation most of the time if there are some problems similar to this.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: palle11 on June 07, 2023, 05:34:43 AM

The volatility with price now can be traced with what is coming out from binance legal challenge and allegations with sec and restrictions from some countries. If that is what you call fundamental news maybe and that is going to create more panic until it settles down. However, it shouldn't affect the price of bitcoin for a longtime because bitcoin has a way of moving on after the news. News is a time to make quick profit and quick loss.

The news of SEC's "harassment" of Binance isn't even catching on like a wildfire as one would expect with such magnitude of news and I think it's because the market had already developed a mindset of a bull rally before now. I shared this similar opinion in another thread. On the general; Bitcoin, just like every other coin/token moves with news. The news may not be volatile just like we've it now with SEC roughing it out with Binance (the topmost exchange as it's now) or when it was volatile during the FTT exchange collapse. It shouldn't surprise anyone as every business is moved by news whether online or offline.

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

With time just like the way the government wants it, Bitcoin would be controlled by fundamentals and I think this would aid the government to create unnecessary news that would effect the price of Bitcoin and make investors to panick. Like we have seen from the fee news recently, it had affected the price of Bitcoin and made it to fall in price which is one of the things that the government wants to manipulate the market with other whales.

Bitcoin is moving to level where small news, whether it's fake or authentic would affect the overall prices of Bitcoin and altcoins just like we have in the forex market where news have higher effects on the currency market.

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

The problem with market right now since past 4-5 weeks is negligible volumes. We saw great volumes last time in April only, at that time we experienced never before volumes must have been some big accumulation by some whale but if you see after that May and even June till now has low volumes which has made us pretty much range bound. To break the range either ways you'll need some strong volumes.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

Presently the price had bounce back and got rejected from the strong support between 25341 and 25651 which is the fourth time price got rejected now heading to the last resistance, It obvious that the price is still in ranging mode until the price break through the strong resistance at 27347 and 27447 and retouch i.e resistance turn support thereafter we might assume that the price has resume it's bullish sentiment else the price will continue to range between the resistance and the support hopefully a strong positive fundamental news should trigger a massive pump that will break the resistance.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: doomloop on June 09, 2023, 06:26:19 AM

Quote from: palle11 on June 07, 2023, 05:34:43 AM

The volatility with price now can be traced with what is coming out from binance legal challenge and allegations with sec and restrictions from some countries. If that is what you call fundamental news maybe and that is going to create more panic until it settles down. However, it shouldn't affect the price of bitcoin for a longtime because bitcoin has a way of moving on after the news. News is a time to make quick profit and quick loss.

It obviously wouldn't crash forever because we have seen such things happening in the past as well where projects and exchanges crashed causing the market to crash as well but it always managed to recover back. For Binance, if things don't work out for them and they have to shut down their services for everyone, it might have a pretty big effect on the market because they are the no.1 exchange in the world right now.

If they shut down services only for customers from the US, it might have a small dump but I don't think that it will have much of an effect knowing the global version will still be operational and most people all around the world use that for their trading operations.

Without a doubt we will have to keep an eye to this situation as binance is simply too powerful and if anything were to happen to it will generate huge consequences for the market as a whole, still even if for some reason binance was forced to completely shutdown its operations and the impact on the price of bitcoin will be felt very strongly, at the same time such a disappearance will not have an effect on bitcoin as an asset, so it would be a matter of time until bitcoin eventually recovered from such a strong hit.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: Frankolala on June 09, 2023, 02:25:56 AM

Quote from: pawanjain on June 07, 2023, 11:18:58 AM

For some reason I got a vibe that this news won't impact much on the price and just in few days the price was back to the previous range.
I did short BTC at $26.7k but just when I got the vibe that it's kind of a fakeout then I made an exit.
Fortunately I made an exit at the right time otherwise I would have been at a loss.
I know it was a gamble because the trade was not based on any technical analysis and just the market news.

You shouldn't expect much from bitcoin price this month,because SEC and the crypto exchanges are having issues which might still keep the price of bitcoin within 25k-27k range. Bitcoin is volatile and the price is expected to pump and dump but no one knows to what extent the price will dump or pump to with the present issues surrounding crypto in the US.

You are lucky that you didn't run out of loss because you chose to go into trading. Why don't you think of holding your bitcoin for a long term run,with this strategy,you will be assure of making profit whenever bitcoin have reached your target price of selling. Instead of gambling with your coins,since you don't have any trading strategy. It will save you from getting scared and looking at the price always.

LOL, thanks for the tip but I already have my BTC in a separate wallet intended for a long term HODL.
I don't mess with those coins. But I still keep seeking for an opportunity to make some small gains along the way.
Which is why I have a separate wallet with just a few hundred dollars for trading purpose.
That satisfy my need of getting into trading.

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: palle11 on June 07, 2023, 05:34:43 AM

The volatility with price now can be traced with what is coming out from binance legal challenge and allegations with sec and restrictions from some countries. If that is what you call fundamental news maybe and that is going to create more panic until it settles down. However, it shouldn't affect the price of bitcoin for a longtime because bitcoin has a way of moving on after the news. News is a time to make quick profit and quick loss.

It obviously wouldn't crash forever because we have seen such things happening in the past as well where projects and exchanges crashed causing the market to crash as well but it always managed to recover back. For Binance, if things don't work out for them and they have to shut down their services for everyone, it might have a pretty big effect on the market because they are the no.1 exchange in the world right now.

If they shut down services only for customers from the US, it might have a small dump but I don't think that it will have much of an effect knowing the global version will still be operational and most people all around the world use that for their trading operations.

Frankolala

hero member

Activity: 896

Merit: 586

Leading Crypto Sports Betting & Casino Platform

Quote from: pawanjain on June 07, 2023, 11:18:58 AM

For some reason I got a vibe that this news won't impact much on the price and just in few days the price was back to the previous range.
I did short BTC at $26.7k but just when I got the vibe that it's kind of a fakeout then I made an exit.
Fortunately I made an exit at the right time otherwise I would have been at a loss.
I know it was a gamble because the trade was not based on any technical analysis and just the market news.

You shouldn't expect much from bitcoin price this month,because SEC and the crypto exchanges are having issues which might still keep the price of bitcoin within 25k-27k range. Bitcoin is volatile and the price is expected to pump and dump but no one knows to what extent the price will dump or pump to with the present issues surrounding crypto in the US.

You are lucky that you didn't run out of loss because you chose to go into trading. Why don't you think of holding your bitcoin for a long term run,with this strategy,you will be assure of making profit whenever bitcoin have reached your target price of selling. Instead of gambling with your coins,since you don't have any trading strategy. It will save you from getting scared and looking at the price always.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

For me this is a bullish move for midterm on what happened on Bitcoin, now it's creating a strong support on the $26,000 level.
As you can see last month, that this $26,000 level, we also visited even though we already reached $28,000.

When we dropped on it at the start of this month, and bounce back above $26,000, it's a bullish sign for me, as long as we will hold that $26,000 level starting now. I'll be bullish mid-term especially at the end of this month.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Ndabagi01 on June 08, 2023, 04:44:17 PM

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so let’s see where the breakout would be.

I'm sure this post was prompted by the conflict between Binance and Coinbase with the SEC. This is what you meant by "fundamental news," and it is hardly the first of its type. Such news always has a strong impact on the market, causing a decrease in prices since investors are always moved by such news because it is accompanied by a great deal of worry. However, bitcoin will quickly revert to its usual market course and resume its normal market movement.

It is possible the reaction was even stronger than what it could have been as people have not forgotten what happened with the FTX exchange, so as soon as they heard the SEC was setting its sights against binance a huge red flag was raised on their minds and they decided to make all kind of movements to protect themselves from the crash they thought it was coming, and while the price did indeed went down after this news spread, it was not as bad as we thought and since then the price has recovered in a satisfactory fashion.

Ndabagi01

sr. member

Activity: 686

Merit: 301

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so let’s see where the breakout would be.

I'm sure this post was prompted by the conflict between Binance and Coinbase with the SEC. This is what you meant by "fundamental news," and it is hardly the first of its type. Such news always has a strong impact on the market, causing a decrease in prices since investors are always moved by such news because it is accompanied by a great deal of worry. However, bitcoin will quickly revert to its usual market course and resume its normal market movement.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: ?? on ??

Bitcoin is always moving. Another issue is that the market always reacts to news. In this regard, yes, the movement on the cue ball is quite understandable.

This is how the market works and the influence of one news to the market trend.
Bitcoin still vulnerable from the attack of the government as investors reacts on this. Breakdown are more possible to happen if this trend continues, the volume is weak and the resistance is very strong. If there’s another negative news, you can expect for the real dump.

Faisal2202

hero member

Activity: 1386

Merit: 513

Payment Gateway Allows Recurring Payments

And we do know that, the market is correlated with fundamental news, as before performing technical analysis, fundamental analysis is better to keep in mind to get the overall idea of the current situation we are facing and in future, we are going to face. Such as, what will happen if those exchanges halt their functionalities such as 100 pairs of BUSD and BNB etc. what if they stop trading in them permanently? well that will happen and people will not be able to convert their BUSD and BNB on those exchanges (mainly on Binance) but people will find another way. I only wonder here is, Binance is mainly for BSC network solutions like i know it also supports to many other networks too, but i saw the news that says, ETH networks tokens were the most included in an outflow from Binance. Well, this is just the one factor we should keep in mind in the upcoming weeks. As upcoming news will definitely affect the market but only that much as Coinbase affected it (haha).

Another one is, today, an old account activated and made a huge transaction of 1432.92 BTC today which might affect the price more once combined with the impact of another centralized exchange's seizure when sued by SEC or CFTC.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

Quote from: goaldigger on June 07, 2023, 04:42:21 PM

There’s no volume going up, so the next threat will be the support level.
So many issues today with cryptomarket, and Bitcoin itself are also affected with it. We might see the price lower than $20k again and that could be a big opportunity to many to accumulate more. Bitcoin might hit soon the real bottom at the price level lower than $20k, let’s just wait and do some preparation to buy.

The Bitcoin could dump to $20k when it faces another huge selling pressure in coming days. From its current state I don't see any such pressure on it, and even with such bad news about Binance and Coinbase and the actions that Sec took against those two whale exchanges, the price still wasn't affected that badly and the selling pressure wasn't the way people predicted. I think this time the price can only dump any further if Binance shuts its operations in US, and even that would be temporary not a permanent one.

Aanuoluwatofunmi

sr. member

Activity: 672

Merit: 416

stead.builders

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

Either with any major occurrence or not trending in the cryptocurrency world bitcoin still remains bitcoin and a volatile cryptocurrency, the issue on ground with Binance is not a determinant for wether we are going high or low with the market demands and supplies, Binance is just an exchange facing government regulations just as every other, yet nothing happened or changed about bitcoin over years, the news trending is not to create fear but warning others to remove their investment off the centralized exchange.

BTC_Mouse

member

Activity: 123

Merit: 49

Sig/Bounty Campaign Manager 4 hire AskGamblers COO

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

BTC got into low volume now, after getting rejected from the resistance zone. Price reaching the support area as usual, a part of the consolidation. Price kinda moving in a tight channel pattern and gave a break. Nothing can be done here, unless price breakout of the range.

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

Fundamentally I look at Bitcoin halving count down: https://www.bitcoinblockhalf.com/

Before that I searched about Bitcoin cycles with bull years and bear years. I believe in Bitcoin fundamentals (technology, decentralization, Bitcoin cycles, controlled inflation) and I skip temporary news. I would be a liar if I tell you that I did not read news and was not affected by news in the past. I did read a lot of news and was panic a lot with fud. After some years, I knew that Bitcoin is able to grow because of its fundamentals which if I focus on, will help me to read less news and less affected by fud.

Fake outs, wash outs, break outs are parts of market cycle and I believe that Bitcoin has nearly completed this bear market. A few more months, up to 1 year, bear market will end and a new big bull run will come.

Husires

legendary

Activity: 1596

Merit: 1288

Quote from: safar1980 on June 07, 2023, 09:57:01 AM

Do you expect the price of bitcoin to go up or down from this range?
The 200EMA serves as a support line on the bitcoin price chart for now, but there is a good chance that the price of bitcoin will go below this support line.

The 200-Week MA Around $24.6k indicates the bottom level from which the price bounced quickly, forming a strong support level for the coming month. It is true that touching this level makes it weaker. However trading volumes are still high to give us an assurance that we will remain above $24.6k for the time being.

Expectations indicate that we will not witness new peaks, as the price of 27.6k proved difficult to break, but we touched the bottom, which means that it will be tested several times, mostly 3 before we see the price either settling above 27 thousand dollars, or returning to levels closer to or below $24.6k

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: safar1980 on June 07, 2023, 09:57:01 AM

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

Do you expect the price of bitcoin to go up or down from this range?
The 200EMA serves as a support line on the bitcoin price chart for now, but there is a good chance that the price of bitcoin will go below this support line.

There’s no volume going up, so the next threat will be the support level.
So many issues today with cryptomarket, and Bitcoin itself are also affected with it. We might see the price lower than $20k again and that could be a big opportunity to many to accumulate more. Bitcoin might hit soon the real bottom at the price level lower than $20k, let’s just wait and do some preparation to buy.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: RewFrew on June 07, 2023, 03:19:08 PM

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

---

Bitcoin Price Moving huge for a news i think. Security Exchange Commission SEC USA Lawsuit against Binance. For this News Bitcoin Price Gone Huge Down. But we saw within short time Bitcoin price reversed and price back. Now Bitcoin Price near about $26.8k. I think Bitxoin Price will stable here and it qill go moon within short time.
Bitcoin Now in uptrends I think within short possible time Bitcoin will hit $35k - $40$. And it will continue go to the new ATH.

As long those news and fundamentals is really that connected to Crypto specially with Binance, then expect that there would really be some significant impact into its price but not all the time.We do know that
when it comes to traditional economic events or situations on which crypto space is really that independent but as the years passing by on which i had also observed that market is really that slowly becoming that too reactive when it comes to economical events which is something that we should really be needing to looking into. This is why its really that important that you should really know on making up switches
in between TA+FA in regarding with your analysis because we've seen that there are really that moments where it do make out some reactions on sometime but there are also moments
on which it doesnt really care at all.

RewFrew

full member

Activity: 602

Merit: 144

Chainjoes.com

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

Bitcoin Price Moving huge for a news i think. Security Exchange Commission SEC USA Lawsuit against Binance. For this News Bitcoin Price Gone Huge Down. But we saw within short time Bitcoin price reversed and price back. Now Bitcoin Price near about $26.8k. I think Bitxoin Price will stable here and it qill go moon within short time.
Bitcoin Now in uptrends I think within short possible time Bitcoin will hit $35k - $40$. And it will continue go to the new ATH.

Litzki1990

sr. member

Activity: 1386

Merit: 406

I was really surprised to see the Bitcoin market drop from $27000 to $25000 all of a sudden. I didn't expect Bitcoin to drop below $2000 in a short period of time. After the market stayed at $25000 for a while the market came back around $27000 but once again the market is now around $26000. I am not able to understand how such volatility of the market is indicating the direction of the market.
Many think that the market is likely to go down from the current situation, but I have been observing such volatility in the market for quite some time. No matter how much the market goes up or down, after a while it will be seen that the market has returned to that state again.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

For some reason I got a vibe that this news won't impact much on the price and just in few days the price was back to the previous range.
I did short BTC at $26.7k but just when I got the vibe that it's kind of a fakeout then I made an exit.
Fortunately I made an exit at the right time otherwise I would have been at a loss.
I know it was a gamble because the trade was not based on any technical analysis and just the market news.

safar1980

legendary

Activity: 1708

Merit: 1615

Payment Gateway Allows Recurring Payments

Quote from: BTC_Mouse on June 07, 2023, 05:13:04 AM

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

Do you expect the price of bitcoin to go up or down from this range?
The 200EMA serves as a support line on the bitcoin price chart for now, but there is a good chance that the price of bitcoin will go below this support line.

Husires

legendary

Activity: 1596

Merit: 1288

Reaching the support level and bouncing from it represents the strength of the bullish trend within this price range, so I think that we have reached a parity point, as the price will not increase much or decrease much between 27800 and 25400, which is a price range through which we may see the price throughout at least this month, and we will get more confirmation After the Fed meeting in the coming days.

We can match these numbers with the unrealized net profit / loss index, which gives us a sense of safety if the values are low below zero, which we seem far from, but we are getting closer to it than in past times.

palle11

sr. member

Activity: 2366

Merit: 332

The volatility with price now can be traced with what is coming out from binance legal challenge and allegations with sec and restrictions from some countries. If that is what you call fundamental news maybe and that is going to create more panic until it settles down. However, it shouldn't affect the price of bitcoin for a longtime because bitcoin has a way of moving on after the news. News is a time to make quick profit and quick loss.

BTC_Mouse

member

Activity: 123

Merit: 49

Sig/Bounty Campaign Manager 4 hire AskGamblers COO

Bitcoin moving with fundamental news events and the breakout turns to be a fakeout now. Price fully reversed back to the resistance area and rejected again. #BTC back in range, so lets see where the breakout would be.

Topic: Bitcoin moving with fundamental news (Read 446 times)