Topic: Bitcoin Up Move Incoming - page 3. (Read 555 times)
The situation is still uncertain but if the current momentum stays, will get high again back to $30k. Well, I haven't expected the strong support but the chart something shows us the reverse trend of the market after a few months of a declining sentiment. I know this is just speculation but I am positive that we are all in the rising sentiment until the year ends. Well, I guess the accumulation time is over as we are heading to bullish again before halving.
I think you are right; the market trend is becoming stronger this month, and if it continues like that, I believe we might see Bitcoin above $31k by next month. I believe the market will be bullish before the end of this year, and the price might just continue to surge high from January next year through the halving period. As some users have stated, my speculation was that Bitcoin will be able to reach at least $40k before the end of the year, but I don't know yet what's going to happen. We always know how unpredictable the Bitcoin price can be. The price spike could just start tomorrow and last through the year, leaving people in a wondering state of mind.
Because I believe history will repeat itself and October was a positive month for bitcoin, the $31K target will happen this month and next, but I don't think the market will go up from here for now until halving occurs. I mean, we will still have many corrections and bitcoin may still fall below $25k or $23k before the halving.
The target of $40k by the end of the year is actually quite a lofty target for me, I don't think bitcoin can reach $40k before or after the halving. It will take some time after the halving for bitcoin to start running and the bull season to truly arrive. It's all just our guess and let's wait and see what happens.
I think you are right; the market trend is becoming stronger this month, and if it continues like that, I believe we might see Bitcoin above $31k by next month. I believe the market will be bullish before the end of this year, and the price might just continue to surge high from January next year through the halving period. As some users have stated, my speculation was that Bitcoin will be able to reach at least $40k before the end of the year, but I don't know yet what's going to happen. We always know how unpredictable the Bitcoin price can be. The price spike could just start tomorrow and last through the year, leaving people in a wondering state of mind.
Let's hope that happens next month. But before that, we must wait for it to come and prepare your Bitcoin if you want to sell it. But if your target price is still high, you don't need to do anything and can still buy more Bitcoin.I am still waiting for the price to increase. My price target is still far from achieved, so I don't expect too much. Meanwhile, buying more Bitcoin means we have prepared ourselves.
Now, the situation is better than before, where a green candle is coming to the market to increase the price. We will see if the price can break through to $ 28k- $ 29k at the end of this week or jump directly to $30k. But if the price experiences another correction, we can use it as a moment to buy Bitcoin again.
It does look like the price wants to go up. We are having a small spike at the moment, the second in the 5 days so far this month. I think it would be about time to go above $30K and stay above it. The pre-halving months there is usually a rise that looks like it wants to reach the ATH but never reaches it, only to come back down and start a proper bull run after halving. Hopefully this is the start of that first move up.
I don't think is yet time for the price to go above $30k and stay rising as the case maybe, in this month it only went up to $28k ones and now we have it at $27k, I feel the market price is not ready to get to $28k yet like is too early.
And I think $28k upward would be coming let's say next week but as for now $27k would be the price the market would give us. But it still doesn't change the fact that $30k is expected before the end of this month and I feel it might happen on the last week of this month, since the market is some how tricky.
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I think you are right; the market trend is becoming stronger this month, and if it continues like that, I believe we might see Bitcoin above $31k by next month. I believe the market will be bullish before the end of this year, and the price might just continue to surge high from January next year through the halving period. As some users have stated, my speculation was that Bitcoin will be able to reach at least $40k before the end of the year, but I don't know yet what's going to happen. We always know how unpredictable the Bitcoin price can be. The price spike could just start tomorrow and last through the year, leaving people in a wondering state of mind.
The flag formation from that chart could be taken as bullish. However its safer to wait for the break and the move up from that flag, not every pattern completes as per the handbook the world just isnt nice and neat like that. We are in a little box and we can take the negative or positive from leaving either side of that box as a indicator of wider picture:
The 50 day average did just turn positive in the last few days, a nice match to the hopes and dreams in this pattern. I do think actual action tends to be messy, a bit muddy but I agree after a downtrend we are due some bigger rise. I dont yet think its the greater move many are waiting for.
The 50 day average did just turn positive in the last few days, a nice match to the hopes and dreams in this pattern. I do think actual action tends to be messy, a bit muddy but I agree after a downtrend we are due some bigger rise. I dont yet think its the greater move many are waiting for.
At this point, it feels stuck just a little bit higher. It used to go above 26k and under 26k and keep doing that, nowadays it feels like it goes above 28k and under it and keeps doing that. It is still a good thing that we are doing it at a higher level, but it doesn't feel like it is going to be all that easy at all, we should be a lot more careful about it. I know that it will take some time, but we need to do this with 30k already.
We are on the verge of going higher if you ask me, we tried to go up and failed, but we tried to go down and failed that too so there is nothing to fear. If it keeps like this, then I think going higher is easier, convincing people to buy bitcoin is far easier than convincing them to sell it.
We are on the verge of going higher if you ask me, we tried to go up and failed, but we tried to go down and failed that too so there is nothing to fear. If it keeps like this, then I think going higher is easier, convincing people to buy bitcoin is far easier than convincing them to sell it.
October is statistically the best month for bitcoin, but there were still exceptions to the rule when October was bloody. Just like September was usually a bad month, but this year September turned out to be green. Hopefully the inversion won't happen in October.
Currently or at the beginning of this month, Bitcoin is still doing quite well with the price not being as bad as the previous month. So we can expect better improvements this month, although not faster because momentary corrections still occur even though this is only limited to very ordinary market performance. But it would be logical to expect Bitcoin to return to $30K within the year with a slow increase that could strengthen it in that area before the end of the year. It will be going up for sure from here <...>
What degree of probability do you assign to the rise? Charts, however logical they may seem, can always fail. I tend to think quite probabilistically, even though I don't rely on charts as I invest for the long term, but I trust someone's prediction if he gives a percent estimate of the next market movement according to his analysis more than someone who says that the price is going to go up for sure, which would be the same as assigning a 100% probability. We have to think that there is a world outside the analysis, and a negative news can pull the price down.
personally I think his charts comply with my miners relief rally patterns.
Check Oct 2015 to April 2016 rally into the 1/2 ing
we had a good move up starting with 33% in Oct 2015.
that would be 27k to 36k for oct 2023. So I am hoping both of us are correct.
It will be going up for sure from here <...>
What degree of probability do you assign to the rise? Charts, however logical they may seem, can always fail. I tend to think quite probabilistically, even though I don't rely on charts as I invest for the long term, but I trust someone's prediction if he gives a percent estimate of the next market movement according to his analysis more than someone who says that the price is going to go up for sure, which would be the same as assigning a 100% probability. We have to think that there is a world outside the analysis, and a negative news can pull the price down.
personally I think his charts comply with my miners relief rally patterns.
Check Oct 2015 to April 2016 rally into the 1/2 ing
we had a good move up starting with 33% in Oct 2015.
that would be 27k to 36k for oct 2023. So I am hoping both of us are correct.
I still think that the price movement will still be sideways during this month of October even though there may be a slight price increase.
But to immediately jump to the $30k level, it looks like it still takes more time and it could happen next month and throughout this month, the price will not increase drastically.
But if the price can rise this month and reach $30k, it seems like that would be the right moment for bitcoin so that it can continue to increase in the following months until the end of this year.
Everything is still a mystery and we can only predict it while waiting for the time to show us what happened.
This month is still a good month to buy more bitcoin because the price hasn't reached $30k yet so people can take advantage of it before a higher price increase.
But to immediately jump to the $30k level, it looks like it still takes more time and it could happen next month and throughout this month, the price will not increase drastically.
But if the price can rise this month and reach $30k, it seems like that would be the right moment for bitcoin so that it can continue to increase in the following months until the end of this year.
Everything is still a mystery and we can only predict it while waiting for the time to show us what happened.
This month is still a good month to buy more bitcoin because the price hasn't reached $30k yet so people can take advantage of it before a higher price increase.
From 28k$ to 30k$ is not a big gap, only 2k$ difference and nothing compared to bitcoin. I am the opposite of you, I even believe that bitcoin will reach 30k USD in the first half of October and then there will be corrections. In the medium term, I still have the feeling and believe that bitcoin will have more corrections than increases even if it hits $30k this month.
As long as the bull season has not come, it will always be a good time for us to buy and accumulate bitcoin. Even if bitcoins exceed $30k, don't hesitate to collect more bitcoins for yourself. Because once the bull season arrives, we will no longer see bitcoin priced at $30K.
I still think that the price movement will still be sideways during this month of October even though there may be a slight price increase.
The market will definitely remain as volatile as ever whereby it rises and also falls, but the rate that it occurs will determine the side it will be vested more upon, this month will go more bull to the extend of breaking the $29,000 limit and resistance and we may probably have more than we expected to see during this period.
But to immediately jump to the $30k level, it looks like it still takes more time and it could happen next month and throughout this month, the price will not increase drastically.
The whole process happens gradually, it's not what took effect immediately or just at ones just as we found the market gradually rising from $25,000 now to about $37, 600
This could be the start of the reverse trend, and Bitcoin needs to sustain this momentum or else another false breakout. Let’s continue to monitor the price trend because we might see more green candles this Month as most of the indicators are showing a great uptrend. If there’s more good news to support this then we can easily reach that $30k mark again.
That is the best question, we have twice or thrice reach $31k, but it seems that we can't have that sustainable run. It seems that short term speculators are making a sell in this price point, just to get some profits. So obviously, the price goes down hard again and then we goes on a another months of moving on a sideways pattern. But we can't do anything about it, I mean we are in the bear market so the chance of another great sustainable run is slim. Although if we look at bitcoin's past historical logs, October seems to be a good month and it might coincide with the technical analysis of the OP.We try to go up and then we end up with a limit and then we end up with failing of it and should not be all that important so that means that we are going to end up with something that would be a bit harder to handle, I get that it is not that simple and we should not be really expecting any big changes. So if we fail to go up even more, what does the price do? It goes down, that's the only result that we will get, and it is not going to end up with anything different in the future as well.
As long as we try to go up more and more, we are going to end up with a result that would be not all that successful and not going to make it change anytime soon. We just need to end up with a result that is more and more to keep it going, if we can keep it going then we are going to end up with a result that should be better.
I still think that the price movement will still be sideways during this month of October even though there may be a slight price increase.
But to immediately jump to the $30k level, it looks like it still takes more time and it could happen next month and throughout this month, the price will not increase drastically.
But if the price can rise this month and reach $30k, it seems like that would be the right moment for bitcoin so that it can continue to increase in the following months until the end of this year.
Everything is still a mystery and we can only predict it while waiting for the time to show us what happened.
This month is still a good month to buy more bitcoin because the price hasn't reached $30k yet so people can take advantage of it before a higher price increase.
But to immediately jump to the $30k level, it looks like it still takes more time and it could happen next month and throughout this month, the price will not increase drastically.
But if the price can rise this month and reach $30k, it seems like that would be the right moment for bitcoin so that it can continue to increase in the following months until the end of this year.
Everything is still a mystery and we can only predict it while waiting for the time to show us what happened.
This month is still a good month to buy more bitcoin because the price hasn't reached $30k yet so people can take advantage of it before a higher price increase.
As the topic title says, here is a Daily Timeframe chart that shows how Bitcoin broke the resistance trendline and is now at a great 0.33 Fibonacci support level.
It will be going up for sure from here and the first target will be the 0.66 Fibonacci Level i.e. $29.4k and then $31k.
Let me know what you think is about to happen.
I'm also in agreement with the target price of 29k point of resistance after the breakout, which is in line with the 0.66 of the Fibonacci retracement, but I would have loved to see two or more daily candles closure that followed up the breakout candle but unfortunately what we got was a follow-up daily bleeding candle with a long wick thereby forming a mini resistance or barrier at 28k, Now there is a possible chance that the price may reverse in this zone without first hitting at 29k or need to gather another momentum to smash out the point. It will be going up for sure from here and the first target will be the 0.66 Fibonacci Level i.e. $29.4k and then $31k.
Let me know what you think is about to happen.
There are a lot of resistance along the way, even if we get passed the first resistance at $28,1xxx, there could be rejection along the way similar to what we have been seeing throughout the last six months or so.
And with that there will be resistance along the line of:
(a) $28,4xx
(b) $28,7xx
(c) $29,2xx
RSI though is still in the middle ground, so it means that we have a lot of leg room to improved and maybe hit that $29,xxx-$31,xxx is everything goes well for this month of October.
I'm not expecting $50,000 till the end of this year though, IMHO.
We are much ahead of the market, and the Bitcoin market has started to grow. In September we saw the Bitcoin market drop to around $24,000. But from there some amount of pumping moved again between $25,000 and $26,000 where Bitcoin was fluctuating. But when the new month of October begins, we see some change in Bitcoin. The Bitcoin market pumped from $26,000 to $28,000 again at the start of October. Following that we can be sure that the market can cross $31k this month as we will see if the market starts pumping. We can expect that the Bitcoin market will go well this month and we can expect the price of Bitcoin to hit $50,000 before the halving this year.
This is the daily time frame. Zooming out a little might suggest us a different possibility. I am not expecting a breach on $30,000 anytime soon, not even within the month. But I hope I'll be surprised. The month opened with a bullish note. It was just the second day of Uptober when the price went beyond $28,000. There was a correction immediately after that. The rise wasn't sustained. I was expecting that. Hours ago there was another attempt to be back at $28,000. It wasn't successful. I'm expecting the price to just dance around this level.
There is a slight, almost imperceptible upward movement on the charts, but it is too weak to be called a trend or even a correction, the 30k resistance level has been a formidable opponent and most likely this is going to remain the case for a long time, and while this could be exasperating for traders, this is great news for long term holders as they can buy bitcoin for a relatively stable price on the upcoming months and prepare themselves for the upcoming halving.That's right. If we take a look at what happened around a month ago, the price even fell down to $25,000. Now that it has gotten back to $27,500, there must be an upward movement. Yes, slow, but could indeed be a trend as we are approaching the final months of the year.
But this doesn't mean the month of October would be about $30,000. We don't even have to talk about that resistance level. It seems the formidable resistance right now is $28,000 which is followed by $28,500. That's why I'm expecting the price within the month to just be moving sideways along this range.
As the topic title says, here is a Daily Timeframe chart that shows how Bitcoin broke the resistance trendline and is now at a great 0.33 Fibonacci support level.
It will be going up for sure from here and the first target will be the 0.66 Fibonacci Level i.e. $29.4k and then $31k.
Let me know what you think is about to happen.
I'm also in agreement with the target price of 29k point of resistance after the breakout, which is in line with the 0.66 of the Fibonacci retracement, but I would have loved to see two or more daily candles closure that followed up the breakout candle but unfortunately what we got was a follow-up daily bleeding candle with a long wick thereby forming a mini resistance or barrier at 28k, Now there is a possible chance that the price may reverse in this zone without first hitting at 29k or need to gather another momentum to smash out the point. It will be going up for sure from here and the first target will be the 0.66 Fibonacci Level i.e. $29.4k and then $31k.
Let me know what you think is about to happen.
It does look like the price wants to go up. We are having a small spike at the moment, the second in the 5 days so far this month. I think it would be about time to go above $30K and stay above it. The pre-halving months there is usually a rise that looks like it wants to reach the ATH but never reaches it, only to come back down and start a proper bull run after halving. Hopefully this is the start of that first move up.
I am quite optimistic about the price you mentioned, even a strong resistance line is visible this month. In my opinion, it is the right option if we continue to take advantage of this condition and buy at some point of correction for long-term options. Personally, I rarely check the Bitcoin charts every day, at least when I want to accumulate and determine a position to buy.
So we have to be careful, but the situation is certainly better than in recent weeks.
Seeing the movements of the last few weeks made me take a deep breath and find it difficult to determine the purchase point. Issues that affect the price are still pending so at some point I try to wait for the right time to buy. Jump to: