Topic: Bitcoin Weekly Update: Bulls Last Stand (Read 393 times)
Latest update can be seen here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-12-01-2019
Well like they say, Bitcoin is unpredictable. Have you checked the price of Bitcoin today? You can't compare that what we had in the last two days or last week. The price of Bitcoin was already down to $6,500 before coming back up to $7000 and today it has reached $7,500. I was already seeing some people predicting that the price will fall back to $4000 but that never happened.
Nobody can ever predict what will be the future of Bitcoin, it's always something else at the end. This is one of the reasons I always hold strong when I invest for the long term, because I know that people will always make the wrong prediction and say things that will never happen.
Nobody can ever predict what will be the future of Bitcoin, it's always something else at the end. This is one of the reasons I always hold strong when I invest for the long term, because I know that people will always make the wrong prediction and say things that will never happen.
And that's what makes this market very attracted to most, specially those whales because they can play us and make us fool thinking that the price will go on this direction, but then again, those manipulators works this magic to pull the price again. And I agree that long term holder at this point is a bullet proof strategy, no stress on your end, you just have to wait till the market goes into another bull run next year, specially after the block halving.
and now , we waiting for next bull , since china create a negative news after a positive news, somehow i just think we've been played by stupid rumor right that.
but , we cant do anything , i guess how strong they controlled crypto market after all.
but , we cant do anything , i guess how strong they controlled crypto market after all.
It looks like we are all being fooled by certain powerful institutions here. Rumors and statements seem to play a very big influence in the prices of the cryptocurrencies. They can pump any time just because some kind of positive statement is released and then they can also dump anytime simply because a fake news is released. Why are we reacting to all these as if they are the ones who own the market?
well , the parable is like this , we have the market,they also have the market , the problem is they have more shares on market , so that mean whatever they do , it make impact for us , both negative and positive .
i dunno when this will over.
Bitcoin has seen a slow bleed since the massive pump driven by news out of China. $8,300 is the top of the daily mid range and looks to be Bitcoin's last bullish support level after losing the former range high and the 50 day moving average. Full article here:
https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-17-2019
Well like they say, Bitcoin is unpredictable. Have you checked the price of Bitcoin today? You can't compare that what we had in the last two days or last week. The price of Bitcoin was already down to $6,500 before coming back up to $7000 and today it has reached $7,500. I was already seeing some people predicting that the price will fall back to $4000 but that never happened.https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-17-2019
Nobody can ever predict what will be the future of Bitcoin, it's always something else at the end. This is one of the reasons I always hold strong when I invest for the long term, because I know that people will always make the wrong prediction and say things that will never happen.
Bitcoin have a huge comeback it did manage to bounce back to $7200 its former support. Now we've just have to wait and see if bitcoin can sustain this support line or will it fail again but we might also see a possible dump , honestly i wanna see once more of the 2017 price pump but this year it is most likely not to happened.
Right, the good thing is that the support at $7k looks strong at this point. But we would love to see it getting around $7500 and then see how it goes. However, as we are nearing the end of the month, I don't see it happening though. December could be very different as we are just less than five months to the block halvening. A good 5 digit will be great to see before the end of the year. But if it doesn't then we can't really do everything about it unless there's some kind of positive news that will turn the market around next month.
Bitcoin have a huge comeback it did manage to bounce back to $7200 its former support. Now we've just have to wait and see if bitcoin can sustain this support line or will it fail again but we might also see a possible dump , honestly i wanna see once more of the 2017 price pump but this year it is most likely not to happened.
and now , we waiting for next bull , since china create a negative news after a positive news, somehow i just think we've been played by stupid rumor right that.
but , we cant do anything , i guess how strong they controlled crypto market after all.
but , we cant do anything , i guess how strong they controlled crypto market after all.
It looks like we are all being fooled by certain powerful institutions here. Rumors and statements seem to play a very big influence in the prices of the cryptocurrencies. They can pump any time just because some kind of positive statement is released and then they can also dump anytime simply because a fake news is released. Why are we reacting to all these as if they are the ones who own the market?
and now , we waiting for next bull , since china create a negative news after a positive news, somehow i just think we've been played by stupid rumor right that.
but , we cant do anything , i guess how strong they controlled crypto market after all.
but , we cant do anything , i guess how strong they controlled crypto market after all.
This is end of the year, many people switch their bitcoin asset into currency and start again in January 2020. No more speculations, just wait until next year and start again with MACD indicator to know where market will goes. I can't replace open order because half fund already stuck, so I'll wait until below $8k to start again.
The price seems to be rising right now after the correction but i'm sure this just a bull trap from the whales and make people buying again then the price will crash lower and the whales are buying more.
I don't think its a trap mate as we all know bitcoin is so volatile and we can't even predict its value. Well, we have our own thoughts but as I observed as the bitcoin's price go down it's a good chance by those crypto enthusiasts to buy and for sure it will pump on the up coming days.
We can only tell if it is a trap if we can see a fast price changes in quick instant but as of now the price of the bitcoins is pretty much stable so I include maybe we are in safety zone right now but I will try to look for more cheaper price since I am still waiting for good opportunity to buy cheap, but I'm not expecting any good pumps right now since it's so early for experiencing it since the halving will happen on next year.
This is end of the year, many people switch their bitcoin asset into currency and start again in January 2020. No more speculations, just wait until next year and start again with MACD indicator to know where market will goes. I can't replace open order because half fund already stuck, so I'll wait until below $8k to start again.
The price seems to be rising right now after the correction but i'm sure this just a bull trap from the whales and make people buying again then the price will crash lower and the whales are buying more.
I don't think its a trap mate as we all know bitcoin is so volatile and we can't even predict its value. Well, we have our own thoughts but as I observed as the bitcoin's price go down it's a good chance by those crypto enthusiasts to buy and for sure it will pump on the up coming days.
Bitcoin has seen a slow bleed since the massive pump driven by news out of China. $8,300 is the top of the daily mid range and looks to be Bitcoin's last bullish support level after losing the former range high and the 50 day moving average. Full article here:
https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-17-2019
https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-17-2019
Thanks for this! Super interesting article - still, it does look like we'll be entering a bull run in the near future.
This is end of the year, many people switch their bitcoin asset into currency and start again in January 2020. No more speculations, just wait until next year and start again with MACD indicator to know where market will goes. I can't replace open order because half fund already stuck, so I'll wait until below $8k to start again.
The price seems to be rising right now after the correction but i'm sure this just a bull trap from the whales and make people buying again then the price will crash lower and the whales are buying more.
Support: Some support in around $6,400 but main support lies $5,850-6,100
Resistance: $7,600-7,800 should be a major obstacle now
Yes, pretty much this is what we are going to expect, we haven't yet reach $6400, but I'm sure if we touch them in the next couple of days, I wouldn't be surprised to go at low as $5800.
Well at least we have seen some support at the $7000 levels and didn't go as low after $6400. But it is still not over yet, I think the bears has control of the market. But it will be interesting how are we going if we touch $7600. The price today has a good spike almost 10% as per cmc, going to $7300++.
So if the OP is right, there could be resistance after that $7600, so it's going to be interesting in the next coming days as we are hitting the end of the month and I do hope that December will be a total breathe of fresh air.
Support: Some support in around $6,400 but main support lies $5,850-6,100
Resistance: $7,600-7,800 should be a major obstacle now
Yes, pretty much this is what we are going to expect, we haven't yet reach $6400, but I'm sure if we touch them in the next couple of days, I wouldn't be surprised to go at low as $5800.
Latest market update can be found here:
https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-24-2019
https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-24-2019
I read your article:
Quote
Support: Some support in around $6,400 but main support lies $5,850-6,100
Resistance: $7,600-7,800 should be a major obstacle now
Resistance: $7,600-7,800 should be a major obstacle now
Yes, pretty much this is what we are going to expect, we haven't yet reach $6400, but I'm sure if we touch them in the next couple of days, I wouldn't be surprised to go at low as $5800.
Quote
The pump fueled by Chinese speculation definitely threw this fractal off, but if you can erase that from your memory there is still a chance this pattern holds up.
Well prior to the China pump we have been hovering around $7400, but I guess it's inevitable, the price is going on a sideway pattern anyways. So let's see if this downward trend will continue or we're going to see some bounce back again to $7200-$7400.
This is end of the year, many people switch their bitcoin asset into currency and start again in January 2020. No more speculations, just wait until next year and start again with MACD indicator to know where market will goes. I can't replace open order because half fund already stuck, so I'll wait until below $8k to start again.
Latest market update can be found here:
https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-24-2019
https://www.cryptoadvocate.net/post/bitcoin-weekly-update-11-24-2019
Will have another market update posted tonight, stay tuned
I don't see any reason to doubt about the current value and its changes because I see it as a normal thing. 8k is still normal since Bitcoin's volatility is always surprising. There are upcoming huge events in the world of crypto so I believe that Bitcoin's situation could still go better by the end of the year. The best thing to do during this market situation is just to hold continuously.
no one doubt next year be most waited event for bitcoin price especially and cryptocurrency commonly. The thing we could do if we have more money were add our bitcoin or altcoin amount. In case if bitcoin price increase again on next year we could doubled our profits. At this moment crypto community still waiting best moment and waiting good news that could drive bitcoin and altcoin price.There are only two situation that may happen next year. First is the tremendous bull run but it doesn't mean the same as 2017 last quarter but for sure it's gonna be a huge bull run. Second, the unexpected red flags of different coins that may occur but it can recover. On my own thoughts, the two situation have advantages and disadvantages but in the end it will still depend of the user how to deal the possible good things may happen.
Direct quote from the article:
"The daily mid-ranges from $8,200-8,250 which is confluent with the 0.705 fib level appear to be the last bullish support and where I'm personally looking to at least play a bounce. Below that and there's not much in the way of a full retrace and a re-test of former range lows at $7,600 and $7,400."
You're welcome
We are already on that level as of this writing.So what would be the possible next support if 7400 would be broken out?"The daily mid-ranges from $8,200-8,250 which is confluent with the 0.705 fib level appear to be the last bullish support and where I'm personally looking to at least play a bounce. Below that and there's not much in the way of a full retrace and a re-test of former range lows at $7,600 and $7,400."
You're welcome
If there would be no bounce back with these supports then for sure we would head down even more.We might see 5 digit price on next year.
The good news is that the price didn't go as low as $6.4 but a quick bounce back around $7200-$7300 had already happened. I think people bought @$6900 when they realized that the Binance office being shutdown in Shanghai was a total fake news. So this is interesting as how the price will move in the next 24 hours. I do hope that it will stay above $7k at least and see that speculators and traders settling down this weekend because of the massive FUD and fake news that's been going around in the last couple of days.
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