Bitcoin Technical Analysis...... | Bitcointalksearch.org

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: gotit on October 12, 2017, 07:03:55 PM

I'm afraid one day we'll wake up from this bitcoin dream, and ask why this coin worth $5k?

I'm all for decentralized currency... but I don't see why such currency should cost $5k+.

May be it's just me but I'd be happy if say, Ripple or Myriad, or some other coin become the main crypto currency and remained at $0.20 forever. I just want to be able to send money, and preserve it's value.

The purpose of money (and therefore crypto currencies) is to exchange goods and services, and not to supersede money itself.

Yes i agree with you,but i also think bitcoin is used like a hedge for derivatives,of course in secret,in article below you can read that JP was buying btc in secret same time whan Dimon was blaming btc.But if JP was buying JP will also sell https://www.coindesk.com/no-fraud-ex-jpmorgan-trader-masters-thinks-bitcoin-breakout-just-beginning/

gotit

newbie

Activity: 43

Merit: 0

I'm afraid one day we'll wake up from this bitcoin dream, and ask why this coin worth $5k?

I'm all for decentralized currency... but I don't see why such currency should cost $5k+.

May be it's just me but I'd be happy if say, Ripple or Myriad, or some other coin become the main crypto currency and remained at $0.20 forever. I just want to be able to send money, and preserve it's value.

The purpose of money (and therefore crypto currencies) is to exchange goods and services, and not to supersede money itself.

Granxis

hero member

Activity: 1400

Merit: 536

I always say that I need to pay attention to the news. The fork bitcoin, which will be on November 25th, affects the prices positively. The price of bitcoin is over 5000 dollars. Maybe there might be a temporary price increase.

DaMut

sr. member

Activity: 1274

Merit: 263

In reality Bitcoin can not be described with technical analysis wholly,
because it can be manipulated by peoples,
every $1000 is a significant level for Bitcoin,if we looked back to our history we're trying to reach $4000 multiple times before.
and after we broke that level,the price is consolidating and slowly moving upward.
but do not put your hope to much on it,because they know how to manipulate the market and trader sentiment.
the whales should know that many people will think that one,and triggering their emotion to take a part on this ride.
there are 2 possibilities that will happen :
1.re-history
2.bull trap and then huge blow,afterward moving upward.

Fireblade

hero member

Activity: 770

Merit: 500

Quote from: Tipstar on October 12, 2017, 01:05:01 AM

There are natural as well as artificial reasons for rise in Bitcoin at current time.
But I don't think Technical analysis gives you any good sense.
I'm primarily a stock trader and these analysis can turn upside down anytime.

But i think that in present time the increase in the price of bitcoin is really natural, because we have experience a big correction in previous days and after that now the price has started rising again. and on other hand we can see that bitcoin price has too much potential and therefore bitcoin price can continue increasing for a long time and hopefully its price will even cross 8000$ in next few months.

GazorpPozorpec

full member

Activity: 294

Merit: 101

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Quote from: Tipstar on October 12, 2017, 01:05:01 AM

There are natural as well as artificial reasons for rise in Bitcoin at current time.

I agree with you. Bitcoin has no real demand now. People buy bitcoin before ill with a fork to obtain a bitcoin gold. After the fork we will see a big red candle.

Tipstar

sr. member

Activity: 1848

Merit: 298

Buzz App - Spin wheel, farm rewards

There are natural as well as artificial reasons for rise in Bitcoin at current time.
But I don't think Technical analysis gives you any good sense.
I'm primarily a stock trader and these analysis can turn upside down anytime.

CryptoDream2049

newbie

Activity: 42

Merit: 0

Technical indicators show the 100SMA has risen well above the long term 200SMA indicating the market remains very bullish. Well that is no surprise that this is bullish, we need to be cautious as we get closer to the 5000 $ mark as this could be a test at a significant level you would think. This just might break through the 5000 level and not look back. The other side is that it bounces and gives us a significant pull back and try it again at a latter time.

This is the fun of trading technical and seeing how price might react as we all know no-one has any idea how the market will treat this......

Topic: Bitcoin Technical Analysis...... (Read 339 times)