Bitcoin price jump - Is this a bullish sign? - page 2.

orions.belt19

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Quote from: STT on July 04, 2018, 11:02:54 AM

Quote from: nl247 on July 04, 2018, 04:25:07 AM

I do not see anything bullish yet and the only time I get to see any bullish sign is to see us pull down the $6800 resistance wall with huge volume. The thing anyone should always be careful about in a bearish market is a fake bounce

Sure a fake bounce but also dont ignore confirmation of a break either, sometimes we retract to check the sellers are wrong and price finds support. Some bias to the upside seems fair here till proven otherwise.

Theres a reasonable view to draw in a channel here or at least a regular trend upwards to measure strength by. The blue line is momentum of this move since early April which we are above and is showing the rise

It's possible that the price could reach about $7K or make a curve back down even if it has been going upward. With this bearish trend, the price may still go down before going bullish (which has been expected to happen by the end of the year) The recent rise may not be strong enough to indicate a bullish trend just yet. It's just a matter of resistance and support now, which could probably push down to as low as $4.5K to $5K? The pace is good for now as it's heading towards a slow and steady rise.

Greenkarki

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Its a very good news and very happy to see the price of bitcoin starts to rise. This rise will continue in following days means the bitcoin will sky rocket again this year also. I think this is not just a pump, little by little the market starts to recover. So if you have bitcoin already just hold the bitcoin and save it for future. Once the price of bitcoin will be high you can sell and gain more profit. Till that you have to wait patience still the market completely recover.

Aleh777

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The price of bitcoin starts to rise, from july starting itself the market starts to recover moderately. Now the price of bitcoin increases and the market is in green. After a long time ut would happen. Hope in upcoming days and months the market will show its growth. Dont sell the bitcoin now just hold it still market needs more growth. If possible buy bitcoin now and save it for future. It will be more useful in future to earn more money through bitcoin. By the end of this year we can expect the tremendous growth of bitcoin.

huhhuh18

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Well, maybe there are more to come. July might be a good month for us in the crypto community. We hope to hear better news this month. Haooy mooning to all of us.

gilangIDR

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Quote from: matthewoz101 on July 02, 2018, 02:27:17 PM

I see that the price of $BTC went from $6300 to $6600 very fast. I'm wondering why that happened and if that's a bullish sign.

Since we did not go under $5800, it feels like the bearish market is starting to run out. If we continue to hold at these levels, is the bullish market coming sooner and faster than expected?

Also, I wanted to ask how Bitcoin Future Contracts work and if there is a possible relationship with the price jump. From what I understand, people agree on Bitcoin future contracts by agreeing on a price and time to sell BTC for? Is that correct? Or could someone give a short explanation on how they work and how they can affect the price?

This is a good condition and for me that when it can become much more stable then it will make the bitcoin price becomes more robust and could be avoided from the next dumping. This must be maintained because then market conditions will continue to get a positive stigma.

Ararbermas

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Quote from: Kylapoiss on July 04, 2018, 11:09:57 AM

I'm guessing it's another beartrap, maybe a mini bullrun but it will be over soon and we will see lower lows. I'm still guessing it goes below 5k, somewhere 47xx-48xx is my guess. Isn't backed up by anything, just a thought from reading different TA articles etc.

of course because here in crypto market there is no permanent situation due to some cases, but as long there is a opportunity to obtain profits, i think much better to grab it immediately and be greedy. Instead of waiting for the market to become stable 'cause it's impossible to happen especially nowadays " the market is so volatile".

Kylapoiss

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I don't know where I'm going, but I'm going.

I'm guessing it's another beartrap, maybe a mini bullrun but it will be over soon and we will see lower lows. I'm still guessing it goes below 5k, somewhere 47xx-48xx is my guess. Isn't backed up by anything, just a thought from reading different TA articles etc.

STT

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Quote from: nl247 on July 04, 2018, 04:25:07 AM

I do not see anything bullish yet and the only time I get to see any bullish sign is to see us pull down the $6800 resistance wall with huge volume. The thing anyone should always be careful about in a bearish market is a fake bounce

Sure a fake bounce but also dont ignore confirmation of a break either, sometimes we retract to check the sellers are wrong and price finds support. Some bias to the upside seems fair here till proven otherwise.

Theres a reasonable view to draw in a channel here or at least a regular trend upwards to measure strength by. The blue line is momentum of this move since early April which we are above and is showing the rise

suzanne5223

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It might bullish sign If the FBI have finished conducting their investigation on 130 crypto currency, I will said you're currently experiencing a partial bullish market and it next week market status will make us know if the bullish is here to stay.

jagdeepjd

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Quote from: matthewoz101 on July 02, 2018, 02:27:17 PM

I see that the price of $BTC went from $6300 to $6600 very fast. I'm wondering why that happened and if that's a bullish sign.

Since we did not go under $5800, it feels like the bearish market is starting to run out. If we continue to hold at these levels, is the bullish market coming sooner and faster than expected?

Also, I wanted to ask how Bitcoin Future Contracts work and if there is a possible relationship with the price jump. From what I understand, people agree on Bitcoin future contracts by agreeing on a price and time to sell BTC for? Is that correct? Or could someone give a short explanation on how they work and how they can affect the price?

Yes, there has been some positive sentiments in the market from last few days today it crossed 6700$ hopefully it can hold these position.

Bitcoin futures does seem to have some sort of effect on the price of bitcoin. as we see since the bitcoin futures were introduced the price of bitcoin has taken a toll.

Kemarit

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Quote from: hasemase on July 04, 2018, 10:13:18 AM

If this inverse head and shoulders plays out we could be revisiting 8k. After that it is likely that we will continue the downtrend and make a new low (looking at 5400-5600) and bounce again.

I was looking at small baby steps here. Perhaps $7000K will be realistic before jumping to the range like $8000-$10,000. IF this trend continue then we might be seeing a start of a bull run. Its really a good sign because and just hope that this is not just a artificial pump otherwise we all know what's gonna happen next. As for the FOMO, this might be want they are looking for so some of them are already riding the hype train. But as @BrewMaster, said, we prefer a steady growth and I don't like them to wreck this solid increase that we are witnessing.

Gaaara

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Quote from: bncbnc on July 03, 2018, 03:15:36 PM

Quote from: spicybanana on July 02, 2018, 02:42:10 PM

Quote from: matthewoz101 on July 02, 2018, 02:27:17 PM

I see that the price of $BTC went from $6300 to $6600 very fast. I'm wondering why that happened and if that's a bullish sign.

Since we did not go under $5800, it feels like the bearish market is starting to run out. If we continue to hold at these levels, is the bullish market coming sooner and faster than expected?

Also, I wanted to ask how Bitcoin Future Contracts work and if there is a possible relationship with the price jump. From what I understand, people agree on Bitcoin future contracts by agreeing on a price and time to sell BTC for? Is that correct? Or could someone give a short explanation on how they work and how they can affect the price?

It is still too early to say. Earlier we saw bitcoin rising up to 6400 very quickly and dropped off again. It shows the market is still very unstable but I do hope it is going to keep pumping up this time.

100$ or 200$ increase or decrease in bitcoin price is always expected from bitcoin, it is right that it is too much early to say anything about bitcoin price. But still if it is a rally then it is a good news for the bitcoin investors, and hopeful that they will be very soon recover all their lost, because most of the investors are still holding their bitcoin specially those people who trade bitcoin above 15000$.

Yup it is indeed normal but when in a bearish market that is not, having a price jump like that with a continues fall is something investors are not expecting unless you're part of the them boosting bitcoin and getting its price go up over $300. I suppose it's not that easy to recover from that all time low but isn't 7 months not enough for a unstoppable recover?

BrewMaster

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There is trouble abrewing

price has been rising slowly for a couple of days now. it may not be a strong bullish sign but it is a good sign if you ask me. we are at $6700 at the moment and heading towards $7000.
i was afraid the FOMO buyers were going to wreck the market again by shooting the price up to $8000 but it seems like we are in a much better market state with so little weak hands. this means two things a slow rise and no more big drops.

hasemase

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If this inverse head and shoulders plays out we could be revisiting 8k. After that it is likely that we will continue the downtrend and make a new low (looking at 5400-5600) and bounce again.

lablab03

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Base on my research 50% holders say yes because the price jump back to 6k and made small pump after it goes down to the 5k value ,and 50% also say no because alot of reasons such negative behaviour of the market before it continue to soar such as bull trap and etc . But in my opinion this is a bullish which is a mini bull, and I believe it will jump suddenly again to the top without any struggle.

Aikidoka

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What sign are you talking about? Do you want the price to go below $5000? It is expected that the price will increase since the bitcoin is unpredictable. Now if you want to get into the details, there is the so-called "Price manipulation". Big investors are manipulating the price. If they want it to increase, they will buy bitcoin, and if the want it to decrease, they will sell so they can buy low and have bigger profit in the end. Everything is connected, and perhaps they are buying btc at the moment.

arpon11

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Yes, this has happened and since the day before yesterday bitcoin could not move up. The was a little corrections below $6500 and I don't think bitcoin has the power to move up. There is going to be a little downward movements in days to come because of volume and decrease in moments across all the exchange.

YuginKadoya

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In my honest opinion about the movement right now is that, This is not a bullish sign or what so ever if we are looking at the past charts it is too early to really say that we are now going to a bullish trend, This kind of movements might be because there are bitcoin buyers and right now the price is cheap they are accumulating bitcoin when the bullish trend starts, On second thought there might even a manipulation regarding the sudden changes with the price.

websoftwareengineer

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Quote from: matthewoz101 on July 02, 2018, 02:27:17 PM

I see that the price of $BTC went from $6300 to $6600 very fast. I'm wondering why that happened and if that's a bullish sign.

Since we did not go under $5800, it feels like the bearish market is starting to run out. If we continue to hold at these levels, is the bullish market coming sooner and faster than expected?

Also, I wanted to ask how Bitcoin Future Contracts work and if there is a possible relationship with the price jump. From what I understand, people agree on Bitcoin future contracts by agreeing on a price and time to sell BTC for? Is that correct? Or could someone give a short explanation on how they work and how they can affect the price?

In my own opinion, it was not a bullish market but there are tons of whales who are waiting for the market price to drop so hard before investing a huge amount so keep on holding your coins today.

dothebeats

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I don't think so. If we're still in the 2014-2016 era, a $500-$600 increase would surely be phenomenal and a sign that bullish traders are around. However at the case of bitcoin right now, the said jump is pretty normal reaction from the bulls wanting to somehow regain a good baseline of the price and still retain the market's confidence about the said coin. It's far-fetched for the bulls to make a move right now specially that there aren't any good reasons to make a push any no good news to complement it with.

Topic: Bitcoin price jump - Is this a bullish sign? - page 2. (Read 534 times)