Bitcoin will go to $13500-12300$ because of this news - page 2.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Omosomofa on May 01, 2018, 06:42:23 PM

A fall below $9,000 should raise some concerns,
that the close below $9,000 could indicate a break in the current trend and push prices back towards $8,400.

i disagree. it was proven multiple times that even though price goes below $9000 but there is still a very big buy support that doesn't allow any further drop and is continuing to buy bitcoin in this channel. of course all of those who have been accumulating bitcoin want lower prices to buy but they are all content with even a 5% discount.

fuer44

sr. member

Activity: 1680

Merit: 262

Quote from: vibingpositively on May 01, 2018, 07:45:57 PM

Did you click bait us? Waiting for the the header explanation any day now...

probably, because every day the topic is discussed is about the price is going down and will soon rise. they definitely need an explanation of the reasons why the prices are at the pump and dump.

tayecrypto

newbie

Activity: 140

Merit: 0

No......another bullish is coming soon not going up anytime soon

SupplyBloc

newbie

Activity: 56

Merit: 0

Strong close today for a bullish move upward.

vibingpositively

full member

Activity: 224

Merit: 100

Did you click bait us? Waiting for the the header explanation any day now...

franky1

legendary

Activity: 4424

Merit: 4794

so you qouted the prices.. well done. any kid can do that
but do you understand WHO or what those supports are. do you know any news beyond looking at a price chart and drawing triangles based on an arbitrary number that has no meaning (50day-200day)
do you even know why those numbers were picked. and also why they work for fiat but dont work for bitcoin

EG do you know the current cost to mine a coin to know what price pools will avoid selling below.. to know what support line mining pools sit at and would create. as their bottom line

anyone can just look at a chart and pick 2 random days of 20-30-50-100-200 days ago and create a triangle. but if you choose different moving average parimeters you will get different angled triangles offering different "predictions"

yea i know trend analysis is not about predicting the future but instead pushing out a slew of numbers hoping people with bots will sheep react to your scentiments for you to have a self fulfilling prophecy. but to put it bluntly

without screaming out prices of the past as your reason to predict the future. have you got any substance.

by the way
"close below $9000"
sorry but bitcoin exchanges never close. seems you grabbed a few FIAT buzzwords but have yet to understand that bitcoin is different

Meysa_richa

member

Activity: 458

Merit: 10

The current setback will not happen for a long time, and there are also many altcoins that are less influential by the decline of bitcoin, and this is an opportunity to make another purchase and hold for a while.

Omosomofa

newbie

Activity: 196

Merit: 0

The cryptocurrency market has had a weak 24 hours of trade with declines being seen across the board. Currently BTC is resting along the $9,000 – $9,200 support level. A fall below $9,000 should raise some concerns, but there is support at $8,800 and stronger support near $8,450. There is a possibility, that the close below $9,000 could indicate a break in the current trend and push prices back towards $8,400. But, anyway, the technical setup for BTC and some of the altcoins remains positive, and it’s not a surprise that movement towards new highs is punctuated by pullbacks and 3 or 4 days of sideways trading.

Topic: Bitcoin will go to $13500-12300$ because of this news - page 2. (Read 390 times)