Bitcoin price is unpredictable, even charts and analysis will have a hard time predicting its trend. Though I object that the price surge has no real issue, the fact that there are really good news about bitcoin and countries accepting it is good enough reason for bitcoin price to increase rapidly especially if the current increase triggers FOMO to the investors. The price increase when Japan accepted Bitcoin maybe one example that investors might think Bitcoin will increase in price when Australia starts accepting bitcoin as Japan did.
I agree that the price of bitcoin is unpredictable. I think that the fluctuation of supply and demand of bitcoin is one of the reasons why the price of bitcoin is always changing. Also consider the manipulation price of bitcoin that have a big impact to all traders and investors. I think the price of bitcoin will depend in the market. 
Topic: bitcoin price analysis (Read 1367 times)
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But if manipulating the price of bitcoin on stage it's not like before where China can fake volume and artificially pump price. so did make the trade more difficult to do some URentitas.ini indeed fraudulent actions in the trade
But if manipulating the price of bitcoin on stage it's not like before where China can fake volume and artificially pump price. so did make the trade more difficult to do some URentitas.ini indeed fraudulent actions in the trade
China was never doing that actually! they just had a huge volume or better said they reported a huge volume. and the reason for that was the 0 fee trading platforms they had and also all the margin trading and other options they had on their platforms which created that large volume.
FUDsters however used these facts to spread all kinds of crap about how China is "controlling" bitcoin.
Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF....
Its really hard to manipulate the price of bitcoin at this stage unlike before where the Chinese can do fake volumes and artificially pump the price. Now, they are a lot of bigtime whalers, casual traders so manipulation makes it harder to do by some entities. Its fraudulent practice but I think no one can really put a stop on it.
But if manipulating the price of bitcoin on stage it's not like before where China can fake volume and artificially pump price. so did make the trade more difficult to do some URentitas.ini indeed fraudulent actions in the trade
Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF....
Its really hard to manipulate the price of bitcoin at this stage unlike before where the Chinese can do fake volumes and artificially pump the price. Now, they are a lot of bigtime whalers, casual traders so manipulation makes it harder to do by some entities. Its fraudulent practice but I think no one can really put a stop on it.
Main HFT firms are placed at Beijing and New York. Did you ever hear story about High Frequency Trading? The price of a market at any given time is determined by the best bid and offer, so if all orders placed are legit, the next transaction should rightly take place at the bid or at the offer or somewhere in between. But if a majority of the orders are fake and are placed with the intention of being deleted, it’s possible HFT firms can push prices up or down without any transactions taking place. It is all about speculation(the root of all evil)
Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF....
Its really hard to manipulate the price of bitcoin at this stage unlike before where the Chinese can do fake volumes and artificially pump the price. Now, they are a lot of bigtime whalers, casual traders so manipulation makes it harder to do by some entities. Its fraudulent practice but I think no one can really put a stop on it.
Guys, and how you can analyze the price of Bitcoin, when we in some cases understand that there can be artificial manipulation of the price on the exchange. Today we see a huge growth of bitcoin, but it can be replaced by a sharp drop and this fact can be regarded as a fraudulent move of large whales.
Manipulation has been part of Bitcoin since its very first exchange listing, nothing new here. If you want to see how much influence this manipulation has had on the price, long term speaking, then it's clear that the price kept growing regardless of whatever manipulation. Manipulation affects the short term price, but this isn't a concern to people that are long term minded. Other than that, I don't consider market manipulation to be fraudulent, unless it's the exchange itself that is trading based on inside information.
Despite all the evidence of the futility of technical analysis to predict the market behavior, I see that there are still people struggling to try to demonstrate their supposedly gross knowledge in this field.
All these calculations based on Fibonacci's ideas were a good attempt to find an orderly pattern in the midst of the apparent chaos of the markets, but it has never proven to be as accurate as many would presume. And I say this after almost ten years of trying it over and over in different trading models in the financial markets without consistent results based on Fibonacci, or markedly different from other models.
All these calculations based on Fibonacci's ideas were a good attempt to find an orderly pattern in the midst of the apparent chaos of the markets, but it has never proven to be as accurate as many would presume. And I say this after almost ten years of trying it over and over in different trading models in the financial markets without consistent results based on Fibonacci, or markedly different from other models.
Correct, if this is sure to work.(fibonacci) whatsoever, then a lot of people should have taken advantage. But unfortunately the market remains mysterious. We don't know when will a whale dump his load etc.
Other 'analyst' may have theories but you can't be very sure that they are not players of this up and down ride. They could be plausible and also misleading.
Never underestimate the power of fibonacci tool. The first thing you should know about the fibonacci it is significant for traders to measure retracements on trending markets. After every bitcoin retrace waves from the recent high, it is going to find support at one of those fibonacci retracement levels because traders will be placing buy orders at these levels as price pulls back. Sometimes this retracement levels fail but you will have clue about what price is going to do after every important level.
Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF....
Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF....
Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF....
Despite all the evidence of the futility of technical analysis to predict the market behavior, I see that there are still people struggling to try to demonstrate their supposedly gross knowledge in this field.
All these calculations based on Fibonacci's ideas were a good attempt to find an orderly pattern in the midst of the apparent chaos of the markets, but it has never proven to be as accurate as many would presume. And I say this after almost ten years of trying it over and over in different trading models in the financial markets without consistent results based on Fibonacci, or markedly different from other models.
All these calculations based on Fibonacci's ideas were a good attempt to find an orderly pattern in the midst of the apparent chaos of the markets, but it has never proven to be as accurate as many would presume. And I say this after almost ten years of trying it over and over in different trading models in the financial markets without consistent results based on Fibonacci, or markedly different from other models.
Correct, if this is sure to work.(fibonacci) whatsoever, then a lot of people should have taken advantage. But unfortunately the market remains mysterious. We don't know when will a whale dump his load etc.
Other 'analyst' may have theories but you can't be very sure that they are not players of this up and down ride. They could be plausible and also misleading.
Despite all the evidence of the futility of technical analysis to predict the market behavior, I see that there are still people struggling to try to demonstrate their supposedly gross knowledge in this field.
All these calculations based on Fibonacci's ideas were a good attempt to find an orderly pattern in the midst of the apparent chaos of the markets, but it has never proven to be as accurate as many would presume. And I say this after almost ten years of trying it over and over in different trading models in the financial markets without consistent results based on Fibonacci, or markedly different from other models.
All these calculations based on Fibonacci's ideas were a good attempt to find an orderly pattern in the midst of the apparent chaos of the markets, but it has never proven to be as accurate as many would presume. And I say this after almost ten years of trying it over and over in different trading models in the financial markets without consistent results based on Fibonacci, or markedly different from other models.
Whatever technical analysis or chart readings applied in bitcoin price analysis that is happening now, it's good to see that price is climbing up in not a fast movement. It's good to see such movement since we can say that this is not all about a hype or trend. A slow rise that's continously happened in bitcoin happen is a normal activity of buy and sell.
Surely we can expect a rapid price increase again once $3,000 level reached.
Surely we can expect a rapid price increase again once $3,000 level reached.
Fibonacci doesn't work.
You should like at logic.
More people use it -> Higher Bitcoin price
So, now more and more people are using it, so the price will rise even more, probably hitting $3500 by august, $3800 by september and soon after that either approach the 4k mark or drop a couple hundred bucks down.
You should like at logic.
More people use it -> Higher Bitcoin price
So, now more and more people are using it, so the price will rise even more, probably hitting $3500 by august, $3800 by september and soon after that either approach the 4k mark or drop a couple hundred bucks down.
I am not familiar with such analytical techniques, reading the market and so on makes me confused and difficult to sell or buy bitcoin at the right time. Which I know starting from last month bitcoin prices soaring ,, and this is a good time to sell some bitcoin I have. Maybe a few weeks bitcoin will continue to rise. That's my opinion
You will be paying more if you will just base your speculations on gut-feel just like you have done now. It pays to learn how to read the market and be well informed.
I'm not also into the details of reading the market trend. It so confusing. I try to used gut fell as well. But I said that this is not the correct way, so I started to learn and understand at least the basic of a graph and make my own conclusion. Yes, its purely speculative market, but it pays to seek knowledge and making your sound decision about the movement.
I am not familiar with such analytical techniques, reading the market and so on makes me confused and difficult to sell or buy bitcoin at the right time. Which I know starting from last month bitcoin prices soaring ,, and this is a good time to sell some bitcoin I have. Maybe a few weeks bitcoin will continue to rise. That's my opinion
You will be paying more if you will just base your speculations on gut-feel just like you have done now. It pays to learn how to read the market and be well informed.
Having enough informations from what you've read from the market articles will help you gather certain information, in order to get reference on the decisions you have. At a current price of today, it's been expected to reach at higher hit but suddenly there dumps happening by those long term holders that needed exchanging for their personal needs. If you buy now while price go down at a certain level and wait for several days can be profitable if you just monitor the price and sell when it obtains higher amount to be earned.
I am not familiar with such analytical techniques, reading the market and so on makes me confused and difficult to sell or buy bitcoin at the right time. Which I know starting from last month bitcoin prices soaring ,, and this is a good time to sell some bitcoin I have. Maybe a few weeks bitcoin will continue to rise. That's my opinion
You will be paying more if you will just base your speculations on gut-feel just like you have done now. It pays to learn how to read the market and be well informed.
I think buying at this point is a lot more riskier compared to last week. Correct me if I'm wrong but last time I tried to join the hype, I left my guard down and it was not a happy ending. Learned my lesson.
That is investing all about, there is a risk involve, and you can not predict the movement of bitcoin that is why it is pointless if you are engaging in with this hype without further securing your own money, because if we certainly just apply our knowledge in certain bitcoin movement we are not only predicting about the increase but the decrease too, and we can not predict if there would be a large selling gonna happen in the bitcoin market.
Yes I know there are risks. What I said was the level of risk in buying btc now is greater. I personally can't predict but I just share inputs from others who call themselves analyst.
I have found Fibonacci targets don't work very well for predicting bitcoin prices, the more relevant thing to follow are the big item news that lead it to pump a lot.
Oh, and it seems to me that only Fibo is working. Patterns are not the good with no market history and high volatility. Thats why I like Fibo 
I think buying at this point is a lot more riskier compared to last week. Correct me if I'm wrong but last time I tried to join the hype, I left my guard down and it was not a happy ending. Learned my lesson.
That is investing all about, there is a risk involve, and you can not predict the movement of bitcoin that is why it is pointless if you are engaging in with this hype without further securing your own money, because if we certainly just apply our knowledge in certain bitcoin movement we are not only predicting about the increase but the decrease too, and we can not predict if there would be a large selling gonna happen in the bitcoin market.
I think buying at this point is a lot more riskier compared to last week. Correct me if I'm wrong but last time I tried to join the hype, I left my guard down and it was not a happy ending. Learned my lesson.
Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
This sounds reasonable to me, although I think it's important not to get too bogged down in a single form of technical analysis. Bitcoin definitely still has strong upward momentum and should continue to rise in the short term. That being said, I still think it is overpriced an will have a very large, major correction within several months.
I am not familiar with such analytical techniques, reading the market and so on makes me confused and difficult to sell or buy bitcoin at the right time. Which I know starting from last month bitcoin prices soaring ,, and this is a good time to sell some bitcoin I have. Maybe a few weeks bitcoin will continue to rise. That's my opinion
Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
the possibility to increase the price is still great. We can see the bitcoin market is experiencing a positive impact, so do not worry about the price drop. Bitcoin markets always show a significant rise, declining just a few moments and do not be a panic sell. Wait for the price to rise, we all believe it will happen. Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
There is a reason behind bitcoin’s continuous trend toward $3,500.. The current rise in bitcoin price is more stable than its previous price changes and it is looking for monthly support level. Monthly pivots yield a resistance maximum at around $5,800. Major rallies always happen in this volatile cryptocurrency markets. For example, within the period of one week, the bitcoin price went from $1,700 to $2,700. It looks like a bigger correction as normal, but later price stabilized at $2,200-2500 resistance levels. In overall, the value of BTC increased by 124 percent in 2017 and it will hit 3500$ after August
Bitcoin price is unpredictable, even charts and analysis will have a hard time predicting its trend. Though I object that the price surge has no real issue, the fact that there are really good news about bitcoin and countries accepting it is good enough reason for bitcoin price to increase rapidly especially if the current increase triggers FOMO to the investors. The price increase when Japan accepted Bitcoin maybe one example that investors might think Bitcoin will increase in price when Australia starts accepting bitcoin as Japan did.
I have found Fibonacci targets don't work very well for predicting bitcoin prices, the more relevant thing to follow are the big item news that lead it to pump a lot.
Bitcoin surged above the prior high without any real issue, touched $2900 and pulled back to the break-out level from around the first Fibonacci-extension at $2925. BTC is still on a buy signal with the short-term trend still being intact. The Fibonacci based targets for the current move are $3050 and $3260, with the prior swing ...
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