Bitcoin Weekly Update 08-04-19: Bulls are back in town

cryptoadvocate

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Quote from: YuginKadoya on August 13, 2019, 08:13:37 AM

Well, OP might have a little something to take care of or a very busy person indeed for not updating weekly as he promises And I guess that his links were already dead because I can not open it, Well we can not blame him from not updating his thread for each and every one of us have their own different life,

And as of now, the price is at $11,254.01 USD I guess that we still have resistance from $11,500 USD the movement is still the same and the usual normal, No indication that it will increase anytime soon!

The link is dead? It works fine for me.

Unfortunately no update this week as I don't have the time. I do post briefer updates on Twitter though, so make sure to check that out. Posted updated thoughts this morning, think we go to $11.2k-11.3k soon, I longed in the $10.2ks.

SquallLeonhart

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Quote from: Harlot on August 14, 2019, 10:47:21 AM

For a newbie just as little as a 1% drop could make their hands and feet shake and become nervous at that moment because. There confidence ib the market is shrinking day by day everytime it gets close to the market value on where they bought it that ia why even if the market is going down they'll jump as the earlist sign shows up because they don't really believe on the asset that they are holding but rather just see the profit they are expecting. We mostly have non-believers as the first one to likely bail when they see blood in the market.

It may not really mean that they do that out of panic sell, or they did that because they are newbies, but we have so many traders in the market again, and they all make use of their risk management tools such as stop loss and take profit, we also have some traders that the moment that they see the price going below what they have started with, they stop loss and sell immediately to fiat waiting till the time that there would be a rebound of the coin back.

It is just normal that people are trading, and this is why we may continue to witness lots of fluctuation is the market and series of fights between the bears and the bulls, because the bears would always find reason to leave the market, while the bulls will always have reasons to stay In the market.

Thanasis

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Quote from: Harlot on August 14, 2019, 10:47:21 AM

Quote from: Jating on August 14, 2019, 04:10:28 AM

^^ I don't know what factors that convinced investors to sell bitcoin as the market is in red right now.

For a newbie just as little as a 1% drop could make their hands and feet shake and become nervous at that moment because. There confidence ib the market is shrinking day by day everytime it gets close to the market value on where they bought it that ia why even if the market is going down they'll jump as the earlist sign shows up because they don't really believe on the asset that they are holding but rather just see the profit they are expecting. We mostly have non-believers as the first one to likely bail when they see blood in the market.

Those kind of holders can never be profitable so make us of them and try to buy from them when they feel shaky.Currently prices were about huge red for a day but its only a days we can see the market back in action even in few hours and it seems like no stability yet after the price fell hopefully it will stays at least on $10,200.

leowonderful

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There's still a chance we won't see 4 digits on all exchanges considering we just bounced right off $10k exactly on GDAX and we're sitting right near $10.2k at the moment, seems like bulls are trying to push things back up and farther from the $10k support mark at the moment. Either way, as others have said here, the lower 5 digits and anywhere in the 4 digit range is perfect for buying through dollar cost averaging or just plain buying for the longer term. Seems like a lot of major alts are actually hurting more than BTC right now as well both in USD and BTC value.

Harlot

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Quote from: Jating on August 14, 2019, 04:10:28 AM

^^ I don't know what factors that convinced investors to sell bitcoin as the market is in red right now.

For a newbie just as little as a 1% drop could make their hands and feet shake and become nervous at that moment because. There confidence ib the market is shrinking day by day everytime it gets close to the market value on where they bought it that ia why even if the market is going down they'll jump as the earlist sign shows up because they don't really believe on the asset that they are holding but rather just see the profit they are expecting. We mostly have non-believers as the first one to likely bail when they see blood in the market.

BitHodler

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Quote from: Jating on August 14, 2019, 04:10:28 AM

So let's remain optimistic here that the price won't go sub five digits and let the price goes on the $10k-$11k and somewhat stable and then wait for the next big news to push the price to $12k-$15k or even more. The bears is still present, but the bulls are just resting and anytime we will see it making another run.

You don't gain much by being optimistic without there being some underlying technicals that back it up. Being overly optimistic or negative only leads to more disappointment because you aren't ready for a different outcome.

As a Bitcoin bull I see sub $10k prices as another opportunity to dollar cost average and therefore get more satoshis for my fiat. I don't mind some longer term sub $10k consolidation at all.

People a while ago said they regret not having bought below $10k, and now we have visited sub $10k levels they are no longer interested. Only when we go back to $14k they will blame themselves again for not buying below $10k...

Jating

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^^ I don't know what factors that convinced investors to sell bitcoin as the market is in red right now. Not much good news either, so I'm thinking that investors are just getting their profit. The good news is that the price is still above $10k and it may take some time to see the price trying to break the $12k barriers.

So let's remain optimistic here that the price won't go sub five digits and let the price goes on the $10k-$11k and somewhat stable and then wait for the next big news to push the price to $12k-$15k or even more. The bears is still present, but the bulls are just resting and anytime we will see it making another run.

freedomgo

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Quote from: Kemarit on August 08, 2019, 02:58:15 PM

Quote from: freedomgo on August 08, 2019, 08:01:18 AM

Quote from: btc_angela on August 05, 2019, 05:16:25 PM

Quote from: ?? on ??

Quote from: bolawin on August 05, 2019, 03:28:08 PM

can it reach 15k this time?

when's this time? This week? This time before a dip? This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? Grin

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

Glad we are in the same page, let's welcome bullish prediction here and $15K is so bullish by the end of this quarter.
Looking forward to that happening and in order to really reach that soon, we should not fall again like what happen we fall below $10,000.
Price of bitcoin now stabilize a bit, hopefully this is preparing for its next step upward.

Is it still based on what is going to happen next month. Although the market seems to be bullish currently, the price is slowly slipping down, today we have lost another resistance @$11600 so it's possible that the bears will take the market in the coming weeks.

So $15000 is possible next month, then we need some positive news that will push the price to that levels. The price can still go down below 5 digits again if we don't have any momentum and force to break the barriers on $12000.

At least we are not yet seeing bitcoin to really down below $10,000 hard, it's still in a good level and a recovery level.
Big resistance is hard to break, if no news that would cause some speculation, we will be swinging at this range only, and support might not be able to hold in the long run.

I'm optimistic soon we will have a good news, seems like the market is running out of good news that would hype people again, but anyway as long as price would dump like last year, we just have to appreciate the situation now.

pooya87

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Quote from: Slow death on August 13, 2019, 04:45:31 PM

It seems to me that the current situation is not the best and we are heading back to $9000 if in the next few days it does not rise again

$10k is still a pretty strong support to be broken even though there still is some panic in the market. we have been in the same situation multiple times before and each time $10k keeps resisting the sells since there is a lot more buys happening against that.

Quote from: Slow death on August 13, 2019, 04:45:31 PM

I don't think the price reaches $13000 this week and I doubt the price reaches $15000 this month

that is not an easy thing to say. with the way things are going, we are again building up for another big breakout and the longer price stays in this sideways channel the bigger that FOMO buy is going to be.

Slow death

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Quote from: bolawin on August 05, 2019, 03:28:08 PM

can it reach 15k this time?

It is becoming very difficult to break the resistance at $13000. but in the long run something like 5 months from now we may see a price surpassing $15000

Quote from: omonuyak on August 13, 2019, 02:47:11 PM

recovery back to $13200 before end of this week and before month ending it might cross $15,000.

I don't think the price reaches $13000 this week and I doubt the price reaches $15000 this month

omonuyak

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Quote from: jossiel on August 05, 2019, 04:20:26 PM

Quote from: bolawin on August 05, 2019, 03:28:08 PM

can it reach 15k this time?

What's your expected time to reach $15,000? we have reached $13,000 but it had to go down for awhile to $9,300 and then we suddenly saw the price rapidly increase to $11,800.

The key what most will say is that 'everything is possible'.

There is a possibility that bitcoin might hit $15,000 before end of this month and the healthy bearish reversal now is greatly welcome. Bitcoin might bance off from $10,800 which already happen this evening and recovery back to $13200 before end of this week and before month ending it might cross $15,000.

YuginKadoya

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Well, OP might have a little something to take care of or a very busy person indeed for not updating weekly as he promises And I guess that his links were already dead because I can not open it, Well we can not blame him from not updating his thread for each and every one of us have their own different life,

And as of now, the price is at $11,254.01 USD I guess that we still have resistance from $11,500 USD the movement is still the same and the usual normal, No indication that it will increase anytime soon!

buwaytress

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Let's hope OP returns here with content for the next week's analysis.

I mean, damn, he had no content except in the title and he's getting more responses than daily threads that actually have unique, original analyses.

The power of a good title or just a sign of what people who have something to say flock to?

P.S. BULLS can't be back when they never really left...

RealMalatesta

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Quote from: Kemarit on August 08, 2019, 02:58:15 PM

Is it still based on what is going to happen next month. Although the market seems to be bullish currently, the price is slowly slipping down, today we have lost another resistance @$11600 so it's possible that the bears will take the market in the coming weeks.

So $15000 is possible next month, then we need some positive news that will push the price to that levels. The price can still go down below 5 digits again if we don't have any momentum and force to break the barriers on $12000.

I am not expecting to take profit this year and I am not expecting any bull run this year until next year, so we should not be bothered if the bears takes over the market again and then drop the price again below $10k because if they do, that would just simply be another chance for new investor to enter the market.

By the time, the bears sells some of their investment now, and then exit the market, we will have new bulls that will kick start the price from where they left and it now depends on how buoyant those bulls are that will make us to know if we will get to $15000 soon or not, but nth withstanding, I know that by the end of the month, the least price that bitcoin will rest on for the remaining part of the year would be that $15000, so all is still good even if bull run does not show up this year.

Oceat

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Quote from: btc_angela on August 05, 2019, 05:16:25 PM

Quote from: ?? on ??

Quote from: bolawin on August 05, 2019, 03:28:08 PM

can it reach 15k this time?

when's this time? This week? This time before a dip? This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? Grin

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

I have a feeling that Bitcoin would rise beyond $15,000 next month as we can see Bitcoin is in a stable price of $11k to $12k and it would probably gonna start to break $13,000 before this month ends. I just hope that next month would really break the $15k resistance or i might just gonna expect a stable price of $12k to $13k.

Kemarit

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Quote from: freedomgo on August 08, 2019, 08:01:18 AM

Quote from: btc_angela on August 05, 2019, 05:16:25 PM

Quote from: ?? on ??

Quote from: bolawin on August 05, 2019, 03:28:08 PM

can it reach 15k this time?

when's this time? This week? This time before a dip? This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? Grin

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

Glad we are in the same page, let's welcome bullish prediction here and $15K is so bullish by the end of this quarter.
Looking forward to that happening and in order to really reach that soon, we should not fall again like what happen we fall below $10,000.
Price of bitcoin now stabilize a bit, hopefully this is preparing for its next step upward.

Is it still based on what is going to happen next month. Although the market seems to be bullish currently, the price is slowly slipping down, today we have lost another resistance @$11600 so it's possible that the bears will take the market in the coming weeks.

So $15000 is possible next month, then we need some positive news that will push the price to that levels. The price can still go down below 5 digits again if we don't have any momentum and force to break the barriers on $12000.

freedomgo

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Quote from: btc_angela on August 05, 2019, 05:16:25 PM

Quote from: ?? on ??

Quote from: bolawin on August 05, 2019, 03:28:08 PM

can it reach 15k this time?

when's this time? This week? This time before a dip? This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? Grin

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

Glad we are in the same page, let's welcome bullish prediction here and $15K is so bullish by the end of this quarter.
Looking forward to that happening and in order to really reach that soon, we should not fall again like what happen we fall below $10,000.
Price of bitcoin now stabilize a bit, hopefully this is preparing for its next step upward.

btc_angela

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Activity: 2660

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Quote from: ?? on ??

Quote from: bolawin on August 05, 2019, 03:28:08 PM

can it reach 15k this time?

when's this time? This week? This time before a dip? This month? This market cycle?

Personally I'm thinking it'll be soon within 6 weeks soon but that's just my guess. Everyone needs to do their own research and decide what they think and invest accordingly.

So, when Lambo? Grin

I'm also seeing $15k to be hit by September, need to really break the resistance of $12k-$13k. But since this market is unpredictable, I would say that most like by next month we could be seeing close to $15k.

felicita

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yes prize increase is huge currently we have around 7 % in only 24 hours up.
lets see when the fist will start to sell again Tongue

regards

jossiel

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Quote from: bolawin on August 05, 2019, 03:28:08 PM

can it reach 15k this time?

What's your expected time to reach $15,000? we have reached $13,000 but it had to go down for awhile to $9,300 and then we suddenly saw the price rapidly increase to $11,800.

The key what mostly will say is that 'everything is possible'.

Topic: Bitcoin Weekly Update 08-04-19: Bulls are back in town (Read 354 times)