I have never really thought about this part of the equation. I mean what if the whales already made as much money as they can from the volatility of bitcoin and now looking to make money from the ETF and whatever selling it like selling stocks in wall street and in order to do it they need to keep it a bit more stable in order to sell better ?
Maybe after the etf they will just let it loose for a while and have it increased in price like hell and than show people the first people who bought the bitcoin etf made insane profits thanks to it and than sell so much etf that buying or selling bitcoin in order to manipulate the market would probably be worth it since it is still insane amount but less than what they could make from the selling of etf to investors.
I mean sometimes volatility helps them but sometimes it hurts their business so they could be the ones that keep it stagnant all these months so the SEC accepts the etf.
Topic: Bitcoin Price Heading into ‘Classic Breakout Pattern’: Analyst (Read 334 times)
October 24, 2018, 08:40:03 PM
Is $20k - $25k by the end of 2018 still possible? I am asking for Tom Lee hehehe.
In any case, check bitcoin's price dated on November 12, 2017 and where it went from there within 1 month.
In any case, check bitcoin's price dated on November 12, 2017 and where it went from there within 1 month.
October 24, 2018, 10:27:04 AM
Bitcoin Price Heading into ‘Classic Breakout Pattern’: Analyst
The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8.
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class. But while declining volatility may make the case that bitcoin is a store of value a bit more plausible, cryptocurrency investors, particularly those who placed their bets when the market was near an all-time high, would prefer that BTC plateau while trading near a peak — not languishing in a valley.
Bitcoin Price Heading into ‘Classic Breakout Pattern’
EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
Writing in market commentary made available to CCN, Greenspan said that bitcoin’s range has steadily been getting narrower, so much so that it has now reached a tip. This, he said, is a “classic breakout pattern.”
https://www.ccn.com/bitcoin-price-heading-into-classic-breakout-pattern-analyst/
We hope this happened and happen very soon because of the ways we see the market now. Almost every body are saying that a break out is about to happen and that means at the back end, trading decision are been made. Bitcoin is actually going to resume it volatile very soon. The ranging market is getting smaller and a breakout of the channels is going to create another bull run that we have been talking about. The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8.
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class. But while declining volatility may make the case that bitcoin is a store of value a bit more plausible, cryptocurrency investors, particularly those who placed their bets when the market was near an all-time high, would prefer that BTC plateau while trading near a peak — not languishing in a valley.
Bitcoin Price Heading into ‘Classic Breakout Pattern’
EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
Writing in market commentary made available to CCN, Greenspan said that bitcoin’s range has steadily been getting narrower, so much so that it has now reached a tip. This, he said, is a “classic breakout pattern.”
https://www.ccn.com/bitcoin-price-heading-into-classic-breakout-pattern-analyst/
October 24, 2018, 08:37:43 AM
I recently read an article about bitcoin analysis, but I haven't seen any articles describing where the purchasing power of Bitcoin comes from? If there is no purchasing power to support Bitcoin, will Bitcoin itself rise?
There is enough purchasing power, but it's not the spot market that benefits from it, but the OTC market.
I would love to see a proper Bitmex analysis breaking down how the on-chain volumes are related to OTC transfers more than most people could even imagine. It shouldn't come as a surprise that Bitcoin's on-chain value transfers are higher than all coins combined, and there doesn't seem to be a stop to these volumes.
The spot market is very much related to what retail traders and average joes are doing, and it's clear that the average joes have taken a couple of months off. They'll come back when green dildo season has started, and we might not be far away from that point.
October 24, 2018, 03:32:23 AM
I recently read an article about bitcoin analysis, but I haven't seen any articles describing where the purchasing power of Bitcoin comes from? If there is no purchasing power to support Bitcoin, will Bitcoin itself rise?
October 24, 2018, 02:41:28 AM
no bitcoin is not heading into any kind of breakout patters. the only pattern that it currently has is a stable horizontal line signalling accumulation. but there is a breakout pattern here too. the pattern of some investors getting anxious and heading towards nervous "breakout" and giving up on bitcoin and this is a very good thing because historically when these types of people get out of the market price rises up fast...
Well, that is still a pattern for pre-breakout when the accumulation is going on. At least we have been seeing some higher lows and lower highs and that is a triangle formation which usually happens most times at the end of a market correction or even at times the continuation of it, with the break out telling what is going to end up being the next. The volatility is definitely still there and nothing has changed that, and in a way, once we get to see the break out to the direction that the market chooses eventually, then we will see the volatility popping in.This shows that a break out is possible but not imminent. There is a period of stagnation first which is what we are experiencing, but when the break out occurs we can be damned sure that it will pump up fast
You have a point there. There has been some times that we ended up having a move outside a triangle in the past and then the market kept moving sideways for a very long time before we started seeing possible trend changes, so in a way, we can say a break out is possible. It is a normal pattern where a break out is expected from what we are seeing now, and how it turns out eventually is going to be left with time, so in this case, we just have to be patient enough to wait for whatever comes out of the formation or pattern as it is so called. October 23, 2018, 07:42:26 AM
no bitcoin is not heading into any kind of breakout patters. the only pattern that it currently has is a stable horizontal line signalling accumulation. but there is a breakout pattern here too. the pattern of some investors getting anxious and heading towards nervous "breakout" and giving up on bitcoin and this is a very good thing because historically when these types of people get out of the market price rises up fast...
It is indeed a pattern for a break out normally, but not like it is a must we get to see it happen, even though most of the time, we get to see that break out happen anyway. It has always been a general pattern when there is a possible fight between the bulls and the bears, and traders looking at who is going to end up losing that fight which will depend whether to be participating or getting out of the market, but the thing here is that time is the only thing we have in our hands that will tell how things will turn out eventually. 
October 22, 2018, 06:33:22 PM
Quote
The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8.
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class.
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class.
it's just a volatility squeeze. the current squeeze is similar to levels we saw in 2016, so it's certainly not unheard of.
by "maturing asset class" does he mean "not volatile"? if so, he's in for a surprise when the market breaks out of this lull. we'll have our volatility back soon enough---that i am confident of.
Quote
EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
Writing in market commentary made available to CCN, Greenspan said that bitcoin’s range has steadily been getting narrower, so much so that it has now reached a tip. This, he said, is a “classic breakout pattern.”
Writing in market commentary made available to CCN, Greenspan said that bitcoin’s range has steadily been getting narrower, so much so that it has now reached a tip. This, he said, is a “classic breakout pattern.”
up to a point. in my experience, the most reliable breakouts occur at 60-80% of the way to the apex. at this point, we might continue sideways right through the end of the triangle. i've seen it happen many times.
October 22, 2018, 03:31:23 PM
This shows that a break out is possible but not imminent. There is a period of stagnation first which is what we are experiencing, but when the break out occurs we can be damned sure that it will pump up fast
October 10, 2018, 11:12:29 AM
no bitcoin is not heading into any kind of breakout patters. the only pattern that it currently has is a stable horizontal line signalling accumulation. but there is a breakout pattern here too. the pattern of some investors getting anxious and heading towards nervous "breakout" and giving up on bitcoin and this is a very good thing because historically when these types of people get out of the market price rises up fast...
October 10, 2018, 10:44:18 AM
As far as I know in trading usually if too long a price movement occurs stagnant or low volatile, there will usually be a large price movement in the next session,
If fundamentally described, investors are waiting for good news from bitcoin itself, if seen from a technical point of view, the market is still unable to break out from $ 6000, which means it indicates market optimism for bitcoin is still happening. And it will likely re-establish a new positive trend in Q4 depending on how far the breakout will occur.
If fundamentally described, investors are waiting for good news from bitcoin itself, if seen from a technical point of view, the market is still unable to break out from $ 6000, which means it indicates market optimism for bitcoin is still happening. And it will likely re-establish a new positive trend in Q4 depending on how far the breakout will occur.
October 10, 2018, 10:40:58 AM
It all depends on how optimistic is everybody, really...
I think also that way. It will depend on what price any body has on his head and what experience they had last breakout during last December. Some had unforgettable good memory while some have not come out from it till date.
October 10, 2018, 10:39:05 AM
It has become quite clear to us here that the last year's pump created a huge volatility in bitcoin's price and since the surge in price had decreased, the price dumped. If we look at the charts we can notice that bitcoin is at the same price where the pump started from and I believe that since the bubble has burst, bitcoin can now increase steadily as it has been all these years. I feel really good if bitcoin increases at a steady rate than such huge price surges.
Yes, the market status show's a lot of good indicators, Bitcoin remains stable even with slight ups and down on the market price value as posted in the market, with clear market structure, good and stable fundamentals, the high consumers level of confidence on the market, and if we take the market preview on the price on the same period last year we can see that its at the same time when Bitcoin start to have a huge movement on the market, its been a while the status quo on Bitcoin status was been observed. let's continue to monitor...i am optimistic that something will happen soon..
October 10, 2018, 10:11:14 AM
It has become quite clear to us here that the last year's pump created a huge volatility in bitcoin's price and since the surge in price had decreased, the price dumped. If we look at the charts we can notice that bitcoin is at the same price where the pump started from and I believe that since the bubble has burst, bitcoin can now increase steadily as it has been all these years. I feel really good if bitcoin increases at a steady rate than such huge price surges.
October 10, 2018, 07:59:39 AM
Stability will bring more trust in BTC - thanks 
October 10, 2018, 07:42:07 AM
Bitcoin has now the classic pattern of "We have absolutely no idea what the heck is going to happen next". So everybody turns analyst and also everybody believes what they want to believe.
Some say the bottom was reached and it's break out, some say the bottom was not reached yet. It all depends on how optimistic is everybody, really...
Some say the bottom was reached and it's break out, some say the bottom was not reached yet. It all depends on how optimistic is everybody, really...
Here are some top Bitcoin Price Predictions for 2018!
https://coincodex.com/article/2459/top-5-bitcoin-price-predictions-for-2018-can-btc-deliver/
https://coincodex.com/article/2459/top-5-bitcoin-price-predictions-for-2018-can-btc-deliver/
Check this out.
Cautiously Bullish: Bitcoin Price Clears Key Trendline to Pass $6.6K
https://www.coindesk.com/cautiously-bullish-bitcoin-price-clears-key-trendline-to-pass-6-6k/
And what happens next? We get a drop to from 6650 to 6550. It's like the charts just don't show any love to this guy.
As long as I like to read views on the upcoming price action it usually shows that bitcoin just doesn't care.
Classic breakout pattern in their words can mean a break up or down. They never know for sure. I can do the same and tell you that in a year Bitcoin will 100% not be trading for 6600 USD. It can be trading for more or less, I don't know, just like our analysts.
Cautiously Bullish: Bitcoin Price Clears Key Trendline to Pass $6.6K
https://www.coindesk.com/cautiously-bullish-bitcoin-price-clears-key-trendline-to-pass-6-6k/
And what happens next? We get a drop to from 6650 to 6550. It's like the charts just don't show any love to this guy.
As long as I like to read views on the upcoming price action it usually shows that bitcoin just doesn't care.
Classic breakout pattern in their words can mean a break up or down. They never know for sure. I can do the same and tell you that in a year Bitcoin will 100% not be trading for 6600 USD. It can be trading for more or less, I don't know, just like our analysts.
Bitcoin Price Heading into ‘Classic Breakout Pattern’: Analyst
The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8.
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class. But while declining volatility may make the case that bitcoin is a store of value a bit more plausible, cryptocurrency investors, particularly those who placed their bets when the market was near an all-time high, would prefer that BTC plateau while trading near a peak — not languishing in a valley.
Bitcoin Price Heading into ‘Classic Breakout Pattern’
EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
Writing in market commentary made available to CCN, Greenspan said that bitcoin’s range has steadily been getting narrower, so much so that it has now reached a tip. This, he said, is a “classic breakout pattern.”
https://www.ccn.com/bitcoin-price-heading-into-classic-breakout-pattern-analyst/
The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8.
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class. But while declining volatility may make the case that bitcoin is a store of value a bit more plausible, cryptocurrency investors, particularly those who placed their bets when the market was near an all-time high, would prefer that BTC plateau while trading near a peak — not languishing in a valley.
Bitcoin Price Heading into ‘Classic Breakout Pattern’
EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
Writing in market commentary made available to CCN, Greenspan said that bitcoin’s range has steadily been getting narrower, so much so that it has now reached a tip. This, he said, is a “classic breakout pattern.”
https://www.ccn.com/bitcoin-price-heading-into-classic-breakout-pattern-analyst/
Everyone have turn analyst even though the individual could have been a low level analyst in the firm and not even interested in bitcoin. Just like all the traders on the stock market who are fond of giving analysis, future outlooks, historical breakthroughs, upcoming events that might affect the market, majority of them actually don't have a stake as they rely on investors fund to continue their relevance while they are paid whether they made loss or profits.
Everyone who have basic knowledge about crypto would know that you can by default rationalize that the current low ebb and gradual improvement to price is tilting more towards some upward trend in price. Whether this would eventually happen is its just mere wishful thinking is another discussion entirely. Let him keep his analysis while the active market players would decide what happens next and not someone who read graphs to express an opinion.
"Maturing asset class".Haha,this guy is probably joking.
2 months of low price volatility can't prove that bitcoin has "matured".
The etoro analyst is wrong as well.BTC will continue with the relatively stable price for the next 3-4 months.
2 months of low price volatility can't prove that bitcoin has "matured".
The etoro analyst is wrong as well.BTC will continue with the relatively stable price for the next 3-4 months.
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