Bitcoin prices are being settled to explode ? - page 3.

deisik

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Quote from: bitbunnny on January 25, 2019, 12:09:49 PM

I think this is just another wishful thinking. I know everyone is already unpatient and can't wait for market to start moving in positive ways. But to my opinion the price will not jump significantly in some short period of time no matter of ETF expectations and similar. There is some positive vibe that new year and new begininig brings but I don't think this is enough, investors are still very careful

But when the time comes?

If you don't know (I don't know either, just in case), how can you actually say that it is yet another instance of wishful thinking? I don't necessarily disagree with you (as I also come to think that low prices are here to stay), I just want to point out that your opinion (as well as mine, for that matter) is only an opinion and not much different from the opposite one in terms of probabilities. In the summer of 2015 people were even less optimistic (or more pessimistic if you please), while in reality they only had to wait till the fall of that year

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I think this is just another wishful thinking. I know everyone is already unpatient and can't wait for market to start moving in positive ways. But to my opinion the price will not jump significantly in some short period of time no matter of ETF expectations and similar. There is some positive vibe that new year and new begininig brings but I don't think this is enough, investors are still very careful.

YuginKadoya

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This is something we can always look forward to in Bitcoin market there may be a settling movement upward but you can always need to be ready for a downward trend always I really think most investors and traders are looking forward to that kind of movement, They don't want a stable kind of investment and want something to have a risk on it and they sometimes settle for the highly volatile one that the less volatile market.

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Quote from: Capt00 on January 25, 2019, 04:40:59 AM

Quote from: marcbitcoins on January 25, 2019, 12:33:31 AM

Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

I was used to this predictions before in which it always ends to disappointment as in never going to happen as desired so therefore it would be better that we should wait and see of the market as market price is really unpredictable that is why it was considered risky.

Correct, there's no exact prediction on bitcoin price so let's wait the moment that the Bitcoin will rise up again. Let's wait that time can tell everything happens at least we are ready on that by patiently hold our bitcoin asset and yelling when bitcoin price goes up. As of now, it is hard to decide that it is the beginning of Bitcoin there's might possible to happen.

I think the point is that when you are waiting for an upwards movement from bitcoin there could be a downward movement as well. Look at the 6500 dollars times, we all expected the price to go up.

Take a look at the possibilities of that time, the potential was that we had a bitcoin at 6500 dollars per each coin, we had SEC maybe accepting the commodity, we had BAKKT starting a new ETF, we had new year coming up, all kinds of good stuff. What really happened ? Well, someone sold a bunch of coins, price went down a lot, then many panic sellers sold even more, the price went down even more and we finished the year with 3200 low.

It means what is the potential and what is the reality could have quite drastic differences, not like "small difference that is not noticeable" I mean seriously HUGE differences. Hence if you "wait for it to go up" then you may be right but there is also a chance you are very wrong as well.

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Quote from: marcbitcoins on January 25, 2019, 12:33:31 AM

Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

I was used to this predictions before in which it always ends to disappointment as in never going to happen as desired so therefore it would be better that we should wait and see of the market as market price is really unpredictable that is why it was considered risky.

Correct, there's no exact prediction on bitcoin price so let's wait the moment that the Bitcoin will rise up again. Let's wait that time can tell everything happens at least we are ready on that by patiently hold our bitcoin asset and yelling when bitcoin price goes up. As of now, it is hard to decide that it is the beginning of Bitcoin there's might possible to happen.

deisik

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Quote from: 1Referee on January 24, 2019, 06:04:01 PM

Quote from: clonely on January 24, 2019, 07:09:12 AM

On the contrary, a price drop is currently dominating. A lot of Bitcoin's analysis is waiting for $ 3200 and six levels. I hope that the opposite of expectations will be real, as is often the case.

Well, the trend is your friend they say, and when a market is stuck in a long ass lower high cycle you can be sure that most of the technical analysis folks won't expect much to change here. The good thing is that so many people are expecting a plunge below our current $31xx low, that we might be up for a surprise (i.e. a contrarian move)

You seem to be relying too much on contrarian indicators

But you shouldn't forget that there's an adage (though not strictly related to trading but still) which says that when going against the crowd you are still going with the crowd. In other words, if you follow this approach, it doesn't at all mean that you necessarily win when the trading crowd loses (which they do). You may or you may just lose money in a different, let's call it contrarian, way

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Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

I was used to this predictions before in which it always ends to disappointment as in never going to happen as desired so therefore it would be better that we should wait and see of the market as market price is really unpredictable that is why it was considered risky.

pooya87

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there will be a rise where price shoots up (or explodes if you like) to the moon eventually but right now it is not possible to predict "when" that is going to happen. all we can know is that bitcoin has the potential to do that and history is also approving this fact. the adoption of bitcoin has not stopped even if the price rise did. it is only a temporary traceback that got longer than it should have.
also don't expect a direct launch to previous ATH either because it will be slow at first facing a lot of resistance then eventually it becomes more smooth.

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Quote from: 1Referee on January 24, 2019, 06:04:01 PM

Well, the trend is your friend they say, and when a market is stuck in a long ass lower high cycle you can be sure that most of the technical analysis folks won't expect much to change here. The good thing is that so many people are expecting a plunge below our current $31xx low, that we might be up for a surprise (i.e. a contrarian move).

$3500 is very strong and every attempt so far to break out lower has been dealt with swiftly, so we'll see how long the support there can hold.

Back in 2017 people calling tops were wrong time on time again, and the same is happening with those who are calling bottoms. Good thing is that just like how the price can't go up endlessly, it can't go down endlessly, and I'm pretty certain that we are close. As long as the market respects the 200 wma just like it did back in 2015 there isn't much to worry about.

Sentiment is such a tricky thing. I've also been feeling like people are too hasty to expect $3K to break. At the same time, shorts have been dropping for weeks on Bitfinex. So it's hard to say what everyone's thinking.

I'm thinking along similar lines though: the $3,100s was probably near the bottom and the 200-week MA will probably hold (no more than 1 candle close below).

I'd be lying if I said I wasn't nervous though. Similar to late 2014, we're just hovering near support and coming off a major crash, no big reaction off the lows. Price grinding like this with no recovery definitely makes it easy to fall into that bearish sentiment.

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Quote from: clonely on January 24, 2019, 07:09:12 AM

On the contrary, a price drop is currently dominating. A lot of Bitcoin's analysis is waiting for $ 3200 and six levels. I hope that the opposite of expectations will be real, as is often the case.

Well, the trend is your friend they say, and when a market is stuck in a long ass lower high cycle you can be sure that most of the technical analysis folks won't expect much to change here. The good thing is that so many people are expecting a plunge below our current $31xx low, that we might be up for a surprise (i.e. a contrarian move).

$3500 is very strong and every attempt so far to break out lower has been dealt with swiftly, so we'll see how long the support there can hold.

Back in 2017 people calling tops were wrong time on time again, and the same is happening with those who are calling bottoms. Good thing is that just like how the price can't go up endlessly, it can't go down endlessly, and I'm pretty certain that we are close. As long as the market respects the 200 wma just like it did back in 2015 there isn't much to worry about.

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Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

For me too early to say that even if it is the most probable scenario than the start of the road should be really bumpy for investor, so keep calm

exstasie

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Quote from: Febo on January 24, 2019, 05:17:12 PM

Even if we reached bottom a month ago we will still have bear trap right before bull market will start. Bear trap will bring price close to the bottom again. This is of course optimistic projection. Pessimistic is to find new bottom that is lower then $3200.

Yep, those are basically our two options. Sideways ranging or continued downtrend.

Ideally, we'd see something like 2015......Head to $5K-$6K now to establish the top of the trading range, then months down the road, come back to retest the December 2018 bottom. Maybe a spike below it to run some stops and create a Wyckoff Spring.

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A Wyckoff Spring occurs when a market average (or stock) falls below its trading range, and makes a new “panic low” — and then “springs” back into its previous range. Its a relatively rare situation, one that is usaully associated with a sell off.

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Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

Even if we reached bottom a month ago we will still have bear trap right before bull market will start. Bear trap will bring price close to the bottom again. This is of course optimistic projection. Pessimistic is to find new bottom that is lower then $3200.

deisik

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Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

Rather a journey toward $2000

Kidding aside, don't have a lot of hope for 20k in the near future as we may not see that price tag in our lifetimes again. Well, maybe, I'm a bit pessimistic here but let's be realists as it is not possible to get there without extreme speculation. That means we will crash as quickly as we get there. So I'd prefer small but steady gains which are backed by real adoption. In this way, you can be sure that Bitcoin won't crash overnight. And Bitcoin is definitely not the only pebble on the beach. There is also Litecoin if you wonder

Taki

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I know all of us are wishing to see 20000 $ again, but don't be so obsessed with that. We may not see this number ever again. Bitcoin is so unpredictable and I do not build big hopes for this year as well. The only probability for the next growth is halving of 2020.

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Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

That is what we are all expecting but it doesn't always happen in that way and we really need to understand how this market work in other to be able to invest accordingly. Most times when bitcoin is hovering the price do goes down more than expected. Investors are all watching this market and majority are waiting to see what news is going to create another direction before putting money. I hope after this long halving it should be an upwards trending and bitcoin is heading back up. Investors are to come in after a clear direction.

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Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

On the contrary, a price drop is currently dominating. A lot of Bitcoin's analysis is waiting for $ 3200 and six levels. I hope that the opposite of expectations will be real, as is often the case.

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Quote from: hatshepsut93 on January 19, 2019, 01:55:37 AM

Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

~ snip ~

Why uptrend? A dip to even lower levels is just as likely. There's no guarantee that we have passed the bottom yet, and even if we'll start recovering, it will take a minimum 1.5-2 years to reach $20,000 again. Or maybe the cycles are becoming longer now as the market matures, and we'll have another year of the bear market followed by even slower recovery, this is a possibility too.

Most likely those people praying for the price to reach $20,000 really doesn't understand how everything works in this market. They really thought that there's his on/off switch. We are still in the bearish zone and yeah, it could take 1-2 years to see the market fully recovered or possibility it might take longer because the investors are getting smarter and the market is also getting bigger.

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Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .

That's correct, anyone can see that and it seems there is no more dump, and we will settle from that price at the moment.

Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

Well, who knows, maybe and I think that's possible, everyone is waiting for that opportunity again but we still cannot get excited
since the current price has not started a pump. $20,000 is doable, it's been achieved in the past so I don't see any reason why it's not gonna happen soon.

Price of bitcoin is always unpredictable but I notice the more we hate the situation the better chance it rises.

hatshepsut93

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Quote from: sudeshkumar on January 17, 2019, 08:37:41 AM

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

Why uptrend? A dip to even lower levels is just as likely. There's no guarantee that we have passed the bottom yet, and even if we'll start recovering, it will take a minimum 1.5-2 years to reach $20,000 again. Or maybe the cycles are becoming longer now as the market matures, and we'll have another year of the bear market followed by even slower recovery, this is a possibility too.

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