Bitcoin price reset - page 2. | Bitcointalksearch.org

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Quidat on March 17, 2021, 05:37:23 PM

Quote from: boyptc on March 17, 2021, 05:25:25 PM

Quote from: MrcMrc on March 16, 2021, 03:25:40 AM

In conclusion
Bitcoin all the time have a new weekly price reset mechanism which control the direction the price will go either in a positive or negative directions.
What are your thoughts on this?

It's not a reset.

When we say reset then that's going to be going back from where it started. But it's better to say that each week, there's always a move in price that we're not expecting.

It could be more than the ATH or just revert to the past ATH that we've seen.

Word "reset" is somewhat an improper use of word because it isnt really defining on what is OP trying to illustrate.When it comes to weekday prices
then there are already some previous analysis about this where price do really usually rise up when weekends are approaching and sell off when
its monday or even on weekends which is totally in random basis.For those analysis above then i do consider it to be valid but not
still giving out an assurance that it would really be behaving on the same from time to time.

I get to understand what he meant but yeah, it's not reset.

There were times that as expected, the next week would come based from your analysis. But it is also a fact that it won't be the same because sometimes weekends can be good and the upcoming week won't be that good.

It varies.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: MrcMrc on March 16, 2021, 03:25:40 AM

If you have been following events as it relates to bitcoin price weekly analysis you will be familiar with the fact that bitcoin always reset it price on a weekly basis starting from Monday, ...

That is happening recently. Lat month or two. In past that was not a pattern and no one can grantee same thing will happen in the future. Short term trading Bitcoin is very tricky. A lot market manipulation to be safe for small holders.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: arufox on March 17, 2021, 06:37:02 PM

Quote from: shahzadafzal on March 16, 2021, 04:42:14 AM

Well well well i would say 3/4 you are right that's about 75% correct... so some how agree with you

You can't say 75% correct if only based on a couple of weeks, try to look at another past week or last year, try to learn every week and you will know that unpredicted and will make headache lol. Did you remember when tesla buys Bitcoin with huge capital and the price increases to an unpredictable price. This is an example there is no reset price. It's all about Demand and Supply and nothing reset price

I think the context word as "reset" is not appropriate in this matter but I would say it's a "drawback" or "fallback" since the price didn't back to $0.1 but instead there's a little dip in each correction as these large institutional investors participating the whole Bitcoin bull run. And it's just normal to see such dip since the price is increasing suddenly to unexpected amount.

Well, I think this is normal in any circumstances that we experienced such dip to be able those want to buyback after selling during the ATH.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: arufox on March 17, 2021, 06:37:02 PM

Quote from: shahzadafzal on March 16, 2021, 04:42:14 AM

Well well well i would say 3/4 you are right that's about 75% correct... so some how agree with you

You can't say 75% correct if only based on a couple of weeks, try to look at another past week or last year, try to learn every week and you will know that unpredicted and will make headache lol. Did you remember when tesla buys Bitcoin with huge capital and the price increases to an unpredictable price. This is an example there is no reset price. It's all about Demand and Supply and nothing reset price

Only the mindset of the whales is making bitcoin keep stronger today, without them unpredictable price wouldn't come at this level. Certainly, demand and supply is changing at any random state and we can't do an accurate reference because suddenly fluctuations spikes 3-4 times. We can't further conclude or decide which will be the perfect target each day, so I suggest having long term trading instead of playing with the market.

arufox

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

Quote from: shahzadafzal on March 16, 2021, 04:42:14 AM

Well well well i would say 3/4 you are right that's about 75% correct... so some how agree with you

You can't say 75% correct if only based on a couple of weeks, try to look at another past week or last year, try to learn every week and you will know that unpredicted and will make headache lol. Did you remember when tesla buys Bitcoin with huge capital and the price increases to an unpredictable price. This is an example there is no reset price. It's all about Demand and Supply and nothing reset price

Fakhrulenclix

sr. member

Activity: 1638

Merit: 339

My personal opinion is dangerous, because :
1. this is not 100% will come true, sometimes you think will go positive direction but go negative, and otherwise
2. I don't care about that, because I'm an investor, not a trader, so I buy it for the long term, not for short term buy and sell
3. People will become greedy try to buy at the best price and sell at the best price, and no one cant do it even for people who expert in chart reading, and ended with regret the decision

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: boyptc on March 17, 2021, 05:25:25 PM

Quote from: MrcMrc on March 16, 2021, 03:25:40 AM

In conclusion
Bitcoin all the time have a new weekly price reset mechanism which control the direction the price will go either in a positive or negative directions.
What are your thoughts on this?

It's not a reset.

When we say reset then that's going to be going back from where it started. But it's better to say that each week, there's always a move in price that we're not expecting.

It could be more than the ATH or just revert to the past ATH that we've seen.

Word "reset" is somewhat an improper use of word because it isnt really defining on what is OP trying to illustrate.When it comes to weekday prices
then there are already some previous analysis about this where price do really usually rise up when weekends are approaching and sell off when
its monday or even on weekends which is totally in random basis.For those analysis above then i do consider it to be valid but not
still giving out an assurance that it would really be behaving on the same from time to time.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: MrcMrc on March 16, 2021, 03:25:40 AM

In conclusion
Bitcoin all the time have a new weekly price reset mechanism which control the direction the price will go either in a positive or negative directions.
What are your thoughts on this?

It's not a reset.

When we say reset then that's going to be going back from where it started. But it's better to say that each week, there's always a move in price that we're not expecting.

It could be more than the ATH or just revert to the past ATH that we've seen.

shahzadafzal

copper member

Activity: 1526

Merit: 2890

Quote from: MrcMrc on March 16, 2021, 03:25:40 AM

If you have been following events as it relates to bitcoin price weekly analysis you will be familiar with the fact that bitcoin always reset it price on a weekly basis starting from Monday, and the direction the reset goes may greatly determine the price through out the week, take last week Monday 7th of march 2021 for instance bitcoin price was $48,980 and ended the week with positive price gain of +0.91% and through out last week we saw how the price rose to an all time high of $61179.79 before dropping down again to $60,197.9 starting the new week Monday 15th march 2021 with a negative pull back of 6%- and at the time of making this post 16th March 2021 bitcoin price is $55,710.60. This have shown to a great extent how negativily the market have been this week.
In conclusion
Bitcoin all the time have a new weekly price reset mechanism which control the direction the price will go either in a positive or negative directions.
What are your thoughts on this?

Well let see on the bigger picture... let see the price for Monday and the last 4 weeks

On Mon 8th Mar start: $50,323, end $51,334 => going up
Week 1 : Mon 8th Mar to Sun 14th Mar => True
So your theory is true here and price for whole week did go up.

On Mon 1st Mar start: $44,522 end $48,384 => going up
Week 2 : Mon 1st Mar to Sun 7th Mar => True
Again your theory is true here and price for whole week did go up.

On Mon 22nd Feb start: $58,126, end $53,535 => going down
Week 3 : Mon 22nd Feb to Sun 28th Feb => True
Yes, your theory is correct again and price for whole week did go down.

On Mon 15th Feb start: $48,709, end $48,703 => going down
Week 4 : Mon 15th Feb to Sun 21st Feb => False
No, this time your theory is wrong price for whole week actually went up

Well well well i would say 3/4 you are right that's about 75% correct... so some how agree with you

Edit:
For Mon, 15th Feb the margin is so small, i would give it pass.

MrcMrc

member

Activity: 518

Merit: 45

If you have been following events as it relates to bitcoin price weekly analysis you will be familiar with the fact that bitcoin always reset its price every week starting from Monday, and the direction the reset goes may determine the price throughout the week, take last week Monday 7th of march 2021 for instance bitcoin price was $48,980 and ended the week with a positive price gain of +0.91% and throughout last week we saw how the price rose to an all-time high of $61179.79 before dropping again to $60,197.9 starting the new week Monday 15th march 2021 with a negative pullback of 6%- and at the time of making this post 16th, March 2021 bitcoin price is $55,710.60. This has shown to a great extent how negatively the market has been this week. In conclusion, Bitcoin the time has a new weekly price reset mechanism that controls the direction the price will go either in a positive or negative direction. What are your thoughts on this?

Topic: Bitcoin price reset - page 2. (Read 328 times)