Bitcoin Stable At $11K – Altcoins In Green: The Calm Before The Strorm? - page 3.

Sanugarid

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Quote from: peter0425 on August 04, 2020, 07:18:37 AM

Quote from: batang_bitcoin on August 04, 2020, 04:03:37 AM

Quote from: DustyRah on August 01, 2020, 09:56:23 PM

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

Traders who managed to work with sorting really get something good out from that market movements.

Yeah they really did, I also get my bitcoin pulled today coz I really feel that we are getting a huge dump in the next week. Those trader who make short trades with this market at the exact moment has some good fruits to eat, market displayed such a good movement and improvement for a long time that it is stuck in $9k range. This might just go the same as it was in $7k or $8k, it was stuck but then it was able to move at $10k, drop and stays to $9k and now it is at $11k, I'm really feeling good about this and seeing pattern from the past.

Quote from: peter0425 on August 04, 2020, 07:18:37 AM

Money was been played and weak hands are now regretting their loses, the short downfall is now being supported back
and regaining the momentum.

Downfall is necessary, we can't really have the movement to skyrocket with today's speculation unlike what we saw in 2017, that was a sudden skyrocket and no one expected that, now that every one is speculating it is hard to do that again. Plus we got a lot of weak hands these days, they are too afraid not to make money. pshhh.

Quote from: peter0425 on August 04, 2020, 07:18:37 AM

You'll be enjoying this especially if you are good in day trading set up.

Day and leverage traders, get ready Cheesy

slaman29

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Quote from: snipie on August 05, 2020, 09:21:33 AM

Quote from: shoreno on August 05, 2020, 05:50:19 AM

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before .

It is more complicated. Quick drop and quick recover is a sign of high volatility, trading thing more than adoption and having new people joining the wave. Adoption will make the price sustainable and BTC more useful. Trading is good but it has risks, with maybe a crash to less than 5 digits in a matter of hours, which no one would see right now!

I prefer very quick and deep drops too, buying opportunity, and then when we do recover the highs are much higher and last much longer. I hate waiting for the drop and weeks of new highs cause that usually means very painful times when it finally does crash, as it always must after getting a new peak.

Harlot

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One thing that worries me about this pump is the only time that the volume is big is only July 26 but after that even if the price was increasing you will see that the volume is decreasing considerably thus making this a bearish market until now and what we are seeing is a bull trap. Let's just be careful because this is one of the indicator that shows a fake breakout. Let's just observe if this will continue as we don't already know that this is a weak bullish pattern without volume.

DeathAngel

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11609, maybe we see a push towards 12000 this week, it’d be bullish AF if we can close the week in the 12000’s. I think we’re in a baby bull market, we’re not ready for a parabolic rise right now but we’re certainly moving in the right direction.

snipie

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Quote from: shoreno on August 05, 2020, 05:50:19 AM

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before .

It is more complicated. Quick drop and quick recover is a sign of high volatility, trading thing more than adoption and having new people joining the wave. Adoption will make the price sustainable and BTC more useful. Trading is good but it has risks, with maybe a crash to less than 5 digits in a matter of hours, which no one would see right now!

DonQuijote

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I will remain bullish as long as macroeconomic data is bad. Pullback? Maybe, but im optimist

arwin100

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Quote from: kotajikikox on August 05, 2020, 06:32:27 AM

Quote from: shoreno on August 05, 2020, 05:50:19 AM

Quote from: batang_bitcoin on August 04, 2020, 04:03:37 AM

Quote from: DustyRah on August 01, 2020, 09:56:23 PM

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before .

not a typical move for btc on the past but these days yeah it is . weak hands are also hodlers but they arent only long term hodlers , are they a threat ? you arent lucky that your still holding but you only changed your mindset because you said you have your mistake before .

it's all about how you anticipate.

If you are knowledgeable with the current situations, taking advantage of picking the profits in every movements are good.

Every actions inside this market have correlative benefits for every traders who understand the whole point of trading, everything will
depends from how you value your position and how you will gain from each trades that you' made.

Yeah that's why people need to learn this since if they think about long term only provably they will hit hard on the floor waiting for big pumps compare if we take an action in this small movements we can earn some good profits in correct actions and decisions, but as well we need to be knowledgeable first before we can see some good spot and have a good timing to buy and dump in some certain situations in the market.

kotajikikox

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Quote from: shoreno on August 05, 2020, 05:50:19 AM

Quote from: batang_bitcoin on August 04, 2020, 04:03:37 AM

Quote from: DustyRah on August 01, 2020, 09:56:23 PM

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before .

not a typical move for btc on the past but these days yeah it is . weak hands are also hodlers but they arent only long term hodlers , are they a threat ? you arent lucky that your still holding but you only changed your mindset because you said you have your mistake before .

it's all about how you anticipate.

If you are knowledgeable with the current situations, taking advantage of picking the profits in every movements are good.

Every actions inside this market have correlative benefits for every traders who understand the whole point of trading, everything will
depends from how you value your position and how you will gain from each trades that you' made.

shoreno

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Quote from: batang_bitcoin on August 04, 2020, 04:03:37 AM

Quote from: DustyRah on August 01, 2020, 09:56:23 PM

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

quick drop and quick recover is better than longer ones because we all got bored waiting and almost lost our hope before .

not a typical move for btc on the past but these days yeah it is . weak hands are also hodlers but they arent only long term hodlers , are they a threat ? you arent lucky that your still holding but you only changed your mindset because you said you have your mistake before .

STT

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Quote from: Yaunfitda on August 01, 2020, 08:20:31 AM

If not for the pandemic, maybe we are in the $14k range.

I'd say it the other way round, if not for emergency measures we'd have a tougher time from not as many new dollars being circulated. Any amount of QE or similar helps market first quite easily which helps BTC by extension as its basically part of forex now.

Round 11.5k is a bit of a top so a bit of a ceiling perhaps old volume where we settled each week last year

batang_bitcoin

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Quote from: peter0425 on August 04, 2020, 07:18:37 AM

Quote from: batang_bitcoin on August 04, 2020, 04:03:37 AM

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

Traders who managed to work with sorting really get something good out from that market movements.

Money was been played and weak hands are now regretting their loses, the short downfall is now being supported back
and regaining the momentum.

You'll be enjoying this especially if you are good in day trading set up.

Very applicable to traders and they all know what to do. And as we discuss about being chill and how to stop being a panic seller. Here goes the market again, we've got another typical bitcoin day.
Price goes $11,300 again. For holders, this doesn't do much because we all expect that it will eventually recover and recover again after it dumps.

Leviathan.007

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These two are directly related together. The reason of why altcoins are green and rising is because of the Bitcoin's dominance. During the rising the Bitcoin to 11K channel all the alternative coins were falling down due to the dominance the emotional sharp movements and now after the stability of the price, the bitcoin dominance is rising after reaching the support. That's the reason why altcoins rise after the stability of Bitcoin.

Ridwan Fauzi

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Quote from: reliable on August 04, 2020, 04:56:45 AM

Good time for investors to accumulate some more at this level as from 12k it had come down till 11k approx. So those who had missed that run wants to buy now before they miss out another run. Looking good for the some rise to happen form this levels it seems as it is quite stable above 11k levels before it takes a run again.

Seem like bitcoin's price will fall to $10.000 again before the bull run comes. As we can see now in thr time frame one day there is a bearish candle that I don't know it could be happen. The candle in one hour is really long and I believe the movement price now will try to pass this candle first. More than that, there in an article on cointelegraph which stated that bitcoin's price will back to $10.000 and after that the price will goes back to increase. So, I think for those investor who still hold their money should consider first before decide to buy. They should make the analyst first and accumulate the possibilities that will be faced.

peter0425

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Quote from: batang_bitcoin on August 04, 2020, 04:03:37 AM

Quote from: DustyRah on August 01, 2020, 09:56:23 PM

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

Traders who managed to work with sorting really get something good out from that market movements.

Money was been played and weak hands are now regretting their loses, the short downfall is now being supported back
and regaining the momentum.

You'll be enjoying this especially if you are good in day trading set up.

batang_bitcoin

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Quote from: reliable on August 04, 2020, 04:56:45 AM

Quote from: batang_bitcoin on August 04, 2020, 04:03:37 AM

Quote from: DustyRah on August 01, 2020, 09:56:23 PM

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

Good time for investors to accumulate some more at this level as from 12k it had come down till 11k approx. So those who had missed that run wants to buy now before they miss out another run. Looking good for the some rise to happen form this levels it seems as it is quite stable above 11k levels before it takes a run again.

They can buy at any price that they want. They have to be visionary and have a thought in the long term not just with the short term. They can short but refill their positions back if they sell and buy in again.
The cycle which could make them have their own positions and get a better price as they sell should be in their decided price to sell. No regretting if they sell and if they buy but have to follow the vision and plan they have made.

reliable

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Quote from: batang_bitcoin on August 04, 2020, 04:03:37 AM

Quote from: DustyRah on August 01, 2020, 09:56:23 PM

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

Good time for investors to accumulate some more at this level as from 12k it had come down till 11k approx. So those who had missed that run wants to buy now before they miss out another run. Looking good for the some rise to happen form this levels it seems as it is quite stable above 11k levels before it takes a run again.

batang_bitcoin

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Quote from: DustyRah on August 01, 2020, 09:56:23 PM

I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.

It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

maydna

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Quote from: Reatim on August 02, 2020, 07:10:14 PM

Quote from: maydna on August 02, 2020, 02:12:06 AM

~snip~

I'm also optimistic that it can go further, that range is achievable even there's still ongoing pandemic, there are lots of speculations
where bitcoin will go more and tries to reach another breakdown. This current condition might be the good barrier and forming a good resistance
before ranging up again.

Though the clear direction to predict is not that easy, always have a sets of back up plans when you make any entries just to make sure that you are ready any interference and any downfall that may happen while you are into this investment.

It's better to ready yourself making your adjustment
when it's needed you to decide.

I think this time after the bitcoin price can break $10k, the price increase slowly and tends to stabilize at a price now, but we don't know if that is a sign to stable for a while, or it will increase higher. I am sure that bitcoin is stronger to even we are still at ongoing pandemic until now.

We need to calm down in these situations because bitcoin price is still unpredicted where the price will go, and as you say, it is better to have another plan as a backup plan, so we don't panic if bitcoin price turns the direction.

fullhdpixel

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Quote from: MainIbem on August 02, 2020, 02:05:48 PM

Yeah. Looking more like the good days are here again. From CMC, it rallied further the next day, to almost $12k. https://coinmarketcap.com/currencies/bitcoin/historical-data/

That is the great thing about bitcoin, we could have the worst type of period in all of humanity and it would still go up, money itself also goes down so there is really no reason for people to move their bitcoins to fiat, why would they? Fiat would lose value anyway. Think about Venezuela for a second, if you owned bitcoin during their horrible period when everything was getting super expensive, having fiat wouldn't really help you would it?

I mean with bitcoin you could get dollars instead and with that dollar you could either buy anything you want if you could find it, or just order anything you want from outside, or just get out of the country for a while until everything got better. Simply put, on bad days bitcoin is still a great option since everything else is even worse.

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Quote from: maydna on August 02, 2020, 02:12:06 AM

Quote from: Yaunfitda on August 01, 2020, 08:20:31 AM

If not for the pandemic, maybe we are in the $14k range.

No matter if we are in the pandemic or not, bitcoin price will touch that price. Many people still believe that the price will be there, and it is good progress to see the price can break one by one of the higher rates. After the price touch $12k, bitcoin now got a dump to $11k, and it seems the price will stay at that price for a moment before the price starts another rally. Bitcoin price itself is still searching for a good time to lift the price and back to $12k. We will soon see the price will start the rally, and who knows, the price can be able to break, not just $14k, but the price will be able to break $15k.

I'm also optimistic that it can go further, that range is achievable even there's still ongoing pandemic, there are lots of speculations
where bitcoin will go more and tries to reach another breakdown. This current condition might be the good barrier and forming a good resistance
before ranging up again.

Though the clear direction to predict is not that easy, always have a sets of back up plans when you make any entries just to make sure that you are ready any interference and any downfall that may happen while you are into this investment.

It's better to ready yourself making your adjustment
when it's needed you to decide.

Topic: Bitcoin Stable At $11K – Altcoins In Green: The Calm Before The Strorm? - page 3. (Read 543 times)