well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.
It's been a trend that whenever the price reaches a certain amount tendency it will decline in price after awhile. But I just always keep in mind that like in any investment bitcoin is always able to recover from any dump like it also did before as long as many countries didn't yet to legalize it as well many people didn't know how to use it yet, chance that BTC price is still able to increase. Unlike in other altcoins some once they fall its hard to figure out if they will be able to catch up again. 
Topic: Bounce Back is coming? - page 4. (Read 973 times)
well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.
The current price is $11,340 seems the decline is not good but more likely we hopefully see a recovery phase on bitcoin in the coming days. Since their is a decline it's also a big risks trading at the moment that we could accumulate or hold. Yet their is a possibility that bounce may happen since we still have few months this year will end. True their is really an effect on the price of altcoins as some of altcoins I have price are dropping. I have strong belief that bitcoin will increase in the coming months. So no worries if the btc is lil bit down. Remember, it's been long time that we haven't seen btc in this level. And having more than $11k+ is already good thing in crypto for the moment. Of course, this level is not forever so you need to prepare on what to do with potential movement in the market.
well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.
The current price is $11,340 seems the decline is not good but more likely we hopefully see a recovery phase on bitcoin in the coming days. Since their is a decline it's also a big risks trading at the moment that we could accumulate or hold. Yet their is a possibility that bounce may happen since we still have few months this year will end. True their is really an effect on the price of altcoins as some of altcoins I have price are dropping. 
Unfortunately things are not looking great for now, I am sure it will look better in the future, right now price is about $11.5k and that doesn't seem to be moving up or down, it got stuck there for few days. However at one point there is really need to be a change, we can't have bitcoin at $11.5k forever right? So, that means there will be a moment when bitcoin moves and it looks like up is a great possibility right now, that is why bounce back will definitely come.
Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.
The price is quiet weak again and there’s no big pump in the past week so I think there will be a correction just lile the prediction of many on social media that we might see another $10k level price or even go below that. We have to see bitcoin on its good and bad side, if there’s a down on its price then its a good opportunity to get more bitcoin. The price will continue to move up in long term, so nothing to worry about and just keep buying until you can.Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.
Keep buying and only to those amounts that you can afford to lose.We know that each person cant handle out the risk here in cryptospace and end up on selling on lose.We cant just
expect that the market will have continuous rise and of course there would be corrections or pullbacks that will happen because if it do continue to rise for a short period of time then
thats already a dubious kind of movement which we can presume out that its pure manipulation or just pure hype.
Instead of panicking on going to low levels then people who do had sufficient knowledge will surely take these situations or times to be just part of the norm.Instead of panicking
they do saw this as an opportunity to buy cheap and repeat the same process.
Unfortunately things are not looking great for now, I am sure it will look better in the future, right now price is about $11.5k and that doesn't seem to be moving up or down, it got stuck there for few days. However at one point there is really need to be a change, we can't have bitcoin at $11.5k forever right? So, that means there will be a moment when bitcoin moves and it looks like up is a great possibility right now, that is why bounce back will definitely come.
Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.
The price is quiet weak again and there’s no big pump in the past week so I think there will be a correction just lile the prediction of many on social media that we might see another $10k level price or even go below that. We have to see bitcoin on its good and bad side, if there’s a down on its price then its a good opportunity to get more bitcoin. The price will continue to move up in long term, so nothing to worry about and just keep buying until you can. Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.
$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.
$11,500 is a strong support. As strong as that is the resistance at $12,000. So I am also looking at Bitcoin's short term movements within this range for the next hours and days. I know we have gone past the resistance at $12,000 at least three times but we are always short of leaving that mark for good. We keep on coming back to the $11,500 - $11,999 range. We will see in the next days which direction will Bitcoin move strongly.
how long do you think we'd stay in this price range, 2 weeks to a month? it looks like its going to keep testing the resistance over and over even when btc breakout that 12k last week.
Well, I cannot say for certain, but it is possible to happen for like 2 weeks. If Bitcoin's price cannot successfully break out from the $12,000 resistance after a few more attempts, it could happen that the price will even fall below $11,500.
It looks like there will be more attempts to happen in the next days. In fact, as of this moment it is probably going to try to break that resistance once more. We are again on the road to $12,000.
so it did. it successfully break the 12K resistance but still not enough to stay at such range. in the daily chart i believe it tried 3 times already to break the 12k wall. i hope it wil not continue to dive down to $10500 this time because of these failed attempts.
the bounce back failed and now we're left to get out of our trading position. if it was just in the futures, i'd probably lost all my funds already. its a good thing that OP is caught just copying his analysis, now we see both him and the one who he copied are just not worth following.
We don't know yet on how long we can stay stable at $11k+ but what good thing here when I open some several topics in this forum people still positive for price bounce back after the $12k price reached and dumped. Maybe we are not done yet by now since I'm positive that green days will continue until the end quarter of this year.
$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.
$11,500 is a strong support. As strong as that is the resistance at $12,000. So I am also looking at Bitcoin's short term movements within this range for the next hours and days. I know we have gone past the resistance at $12,000 at least three times but we are always short of leaving that mark for good. We keep on coming back to the $11,500 - $11,999 range. We will see in the next days which direction will Bitcoin move strongly.
how long do you think we'd stay in this price range, 2 weeks to a month? it looks like its going to keep testing the resistance over and over even when btc breakout that 12k last week.
Well, I cannot say for certain, but it is possible to happen for like 2 weeks. If Bitcoin's price cannot successfully break out from the $12,000 resistance after a few more attempts, it could happen that the price will even fall below $11,500.
It looks like there will be more attempts to happen in the next days. In fact, as of this moment it is probably going to try to break that resistance once more. We are again on the road to $12,000.
so it did. it successfully break the 12K resistance but still not enough to stay at such range. in the daily chart i believe it tried 3 times already to break the 12k wall. i hope it wil not continue to dive down to $10500 this time because of these failed attempts.
the bounce back failed and now we're left to get out of our trading position. if it was just in the futures, i'd probably lost all my funds already. its a good thing that OP is caught just copying his analysis, now we see both him and the one who he copied are just not worth following.
Unfortunately things are not looking great for now, I am sure it will look better in the future, right now price is about $11.5k and that doesn't seem to be moving up or down, it got stuck there for few days. However at one point there is really need to be a change, we can't have bitcoin at $11.5k forever right? So, that means there will be a moment when bitcoin moves and it looks like up is a great possibility right now, that is why bounce back will definitely come.
Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.
Maybe it didn't come as fast as we thought it would come, maybe it made us wait a bit longer and that is why I believe there is a big chance when it happens it will happen even faster and higher because it has waited this long for a movement and that means it is like a bow, it is getting draw further and further and when released it will shoot right up.
Waiting for the [price to break this now at 12k levels. It’s being some time now where we are seeing this to be a range bound and hovering around 11500$ . Though if it can shoot form 12000$ then we can see some new highs for this year and this will be the best thing for now as anything closing above 12k for this year will be really good and also means it can stay above 10k for much longer in the history.
Hopefully we will be able to see that, there's still a lots of time before this year ends, there are lots of sways to expect and with how things are moving right now, we are seeing some slight continuous fall hopefully newcomers will not buy this actions.
They will surely lose their money if they act without thinking and analyzing this situations.
Its just broken an upper range negatively, it certainly can drop its just a question how can we go in a reset before it finds its legs again. Sell off short term doesnt matter so much but if OP was right in his call of a channel and if we break that uptrend then the fallout is an inverse of that prior bullish pull upwards and we sell. Its good to know where people think we are due a rise because the failure to do so has 'lots' of positions closing or even switching to a sell. We had a higher range in play and its below that now, 4hr bars will confirm that.
Yeah if you are holding for long term, it’s better not to look at it much cause it can hurt specially you're week fellow! Don't be the person who buys high and sells low. So just hold whatever you bought it will bounce back.
OP is not making an analysis for long term, it's for short term.
Actually if we invest for long term, we should not be looking on this kind of analysis from time to time because the main reason why we invested bitcoin for long term is because we believe on its potential. What we only set is the target price to sell and take profit, but OP's analysis is different, it's for short term which state the market situation now and it's possible short term movement.
Bounce back is always done by bitcoin, in fact this year we bounce back from the huge dump and we currently achieve the high this year, not the ATH yet.
actually OP had been charged for copying lots of his analysis. he's caught stealing all the images he posted here in the forum, check this thread in meta.
Thanks for the information, looks like OP could possibly be facing trouble as it looks like he was accuse of plagiarism, if proven by the mods this would mean perma ban of account. Anyway, the information that OP has consistently been sharing are very useful as I can see different thread he made, unfortunately, he was not giving credits to the real source.
Waiting for the [price to break this now at 12k levels. It’s being some time now where we are seeing this to be a range bound and hovering around 11500$ . Though if it can shoot form 12000$ then we can see some new highs for this year and this will be the best thing for now as anything closing above 12k for this year will be really good and also means it can stay above 10k for much longer in the history.
Going by OP chart we should be seeing 11600 as a rough bottom price. I do see weakness but only a short term momentum measure so needs conclusive evidence, either way more something to watch
Dollar has come back from prior weakness just recently and that would be another indicator of where we might move with more confidence otherwise we've been going sideways and set to continue.
Dollar has come back from prior weakness just recently and that would be another indicator of where we might move with more confidence otherwise we've been going sideways and set to continue.
Look if a trader wants to make some sort of quick movements, they are free to do that, if you want to make a thousand small trades per day all day every day you are free to do that.
If you are going to make a trade with that number you must not develop attachment to any coins just go where you can make a profit, if you are a Hodlers it's hard to mix it to your day trading activity, that is why admire traders who can day trade with good profit, they do not have attachment because this is one of the best way to make a profit.
Previously breakout of the 12k$ Horizontal Support will at least lead to the retest of the Lower Boundary of an Ascending Channel, which happened. Locally it should be a bottom as we got the majority of Longs got liquidated during the last 2 days (look chart above).
Technically it's a also a good point to retest, we are at the Support Cluster [11.650$ Horizontal Support + Lower Boundary of an Ascending Channel]. Nevertheless we have two work with a confirmed retracement.
so that means we are waiting for the Bounce since correction has already made(to my expectation) and with this our waiting is soon to be fulfilled ?
How much are we expecting this bounce mate?i can see that you have a good look in future prices.
As price is not stable for crypto currency like bitcoin. It can be up or down any time. But yes we can predict and conscious about it to protect our money from loses.
What we are talking now is a the next movement of Bitcoin since from $12,300 fell down to $11,400 but now slowly climbing to nearing $12k again.
Look if a trader wants to make some sort of quick movements, they are free to do that, if you want to make a thousand small trades per day all day every day you are free to do that.
If your aim is to make 1 dollar profit from each trade and make it under 5 minutes and have like 100 of them per day so that you could make 100 bucks in a very quick fashion, or if you want to just invest into bitcoin and wait until you make total money combined instead of quick trades, both of them works and both of them fails time to time, there is really no reason why there should be some sort of difference on what people should be doing or not, none of them are right or wrong, it is just moment that makes one of them work and the other doesn't, sometimes both work and sometimes both fail.
If your aim is to make 1 dollar profit from each trade and make it under 5 minutes and have like 100 of them per day so that you could make 100 bucks in a very quick fashion, or if you want to just invest into bitcoin and wait until you make total money combined instead of quick trades, both of them works and both of them fails time to time, there is really no reason why there should be some sort of difference on what people should be doing or not, none of them are right or wrong, it is just moment that makes one of them work and the other doesn't, sometimes both work and sometimes both fail.
$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.
$11,500 is a strong support. As strong as that is the resistance at $12,000. So I am also looking at Bitcoin's short term movements within this range for the next hours and days. I know we have gone past the resistance at $12,000 at least three times but we are always short of leaving that mark for good. We keep on coming back to the $11,500 - $11,999 range. We will see in the next days which direction will Bitcoin move strongly.
how long do you think we'd stay in this price range, 2 weeks to a month? it looks like its going to keep testing the resistance over and over even when btc breakout that 12k last week.
Well, I cannot say for certain, but it is possible to happen for like 2 weeks. If Bitcoin's price cannot successfully break out from the $12,000 resistance after a few more attempts, it could happen that the price will even fall below $11,500.
It looks like there will be more attempts to happen in the next days. In fact, as of this moment it is probably going to try to break that resistance once more. We are again on the road to $12,000.
The small changes are stuff that happens daily and honestly speaking those small changes should not really make our trading decisions based on these daily changes, we should be doing them depending on a longer period of time so even if short term is the topic, even our short term should be effected by our long term consideration.
But there are traders who even at a bull run do short trading and this wild changes and swings are more favourable to them unless they realised that it is better to hold long term though. But that makes this whole crypto trading game more exciting for those short term traders. Right now it seems that the price is just fluctuating in the lower $11500 to $11,700, a small difference but for short term traders will take that advantage with them.
The small changes are stuff that happens daily and honestly speaking those small changes should not really make our trading decisions based on these daily changes, we should be doing them depending on a longer period of time so even if short term is the topic, even our short term should be effected by our long term consideration.
But there are traders who even at a bull run do short trading and this wild changes and swings are more favourable to them unless they realised that it is better to hold long term though. But that makes this whole crypto trading game more exciting for those short term traders. Right now it seems that the price is just fluctuating in the lower $11500 to $11,700, a small difference but for short term traders will take that advantage with them.
I believe these falls and ups are just temporary for now but the thing is we are talking about short term anyway. Right now, we are dropping to $11.6k price which already happened but it didn't went down any lower, that has to be considered for something, I believe that type of fall is not really that big of a deal because it constantly happens and it really doesn't mean anything anymore when we are talking about something small.
The small changes are stuff that happens daily and honestly speaking those small changes should not really make our trading decisions based on these daily changes, we should be doing them depending on a longer period of time so even if short term is the topic, even our short term should be effected by our long term consideration.
The small changes are stuff that happens daily and honestly speaking those small changes should not really make our trading decisions based on these daily changes, we should be doing them depending on a longer period of time so even if short term is the topic, even our short term should be effected by our long term consideration.
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