BTC 20K coming soon, watch this chart and ease your mind :D - page 2.

mikeywith

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Guys why does 20K seems like an impossible thing to you ? Huh

The fact that the crypto-market is very small (way less than 1 Trillion $ in total ,420 Billion as for right now) makes it very easy to move to both directions in no time, some traders compare crypto to forex which is wrong, there is well over 5 Trillion $ trading volume only.

just remember that !

- BTC went from 6K to 9.5 K in less than 18 days this month !!! ( well over 40% increase )
- Last year btc went from 5k to 20K in 35 days ( 250% increase)

Now fundamentals are a major factor and everything can change at any second. but technically speaking we broke a major down trend, we building a new support/up trend which has been tested couple times and proven to be strong enough. the biggest obstacle would be the double top at 11-12 K. it may take weeks to break that but the road from 12 K to 20 K is going to be much smoother.

as much as i want crpyto to MOON in no time, i would love to see a slow and steady growth.

imapessimist

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Bitcoin is struggling to even reach 10k and 12k is not likely. 20K is a dream. But we shall see.

timerland

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TA isn't always correct, and can be presented in a multitude of ways to back up your argument. That's why I don't really like technical analysis that much, especially when you're talking about the long term trend which will be influenced more by bitcoin adoption, media attention, and things like that.

$20k is a possibility, but it would require something really positive to happen.

Right now, we're on a pretty big roller-coaster ride with bitcoin heading north for 2 weeks in a row and realizing incredible gains. Don't get me wrong, but this has to adjust down sooner or later, and it's probably going to come soon. I believe the markets are still not ready for another bull market for now, it'll take way more than just a few months for markets to consolidate, let alone hit $20k or another all time high imho.

Slow death

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This is the title of your thread:

Quote from: richardsNY on April 27, 2018, 03:51:16 PM

It requires just one single dump to make people's sentiment change from positive to negative.

truth and with that we would see again the $ 6000, that's why I'm not very optimistic, unless I see more than $ 12000

richardsNY

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It requires just one single dump to make people's sentiment change from positive to negative. It could be just a manipulation attempt or an actual funded dump due to insider trading. What I try to say is that we shouldn't really focus on levels too far ahead of the current trend, especially so with how things are still somewhat the same as how they were a few weeks ago. We need the market to comfortably hover over levels a notch or two above the $10,000 level. If we do happen to face a dump at that time, it won't directly push the market down to a point people's sentiment changes instantly. We need more space between crucial support levels and the latest exchange rate, all to be able to comfortable catch up larger dumps.

HabBear

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Quote from: mikeywith on April 26, 2018, 05:35:27 PM

Looking at the daily chart of BTC (log scale ) you can see that we broke out of a downtrend that being holding the price from ATH.

These charts always amaze me. I see your technical trend lines. I see the $20,000 mark squarely aligned with the green line. I also see the low $4000s squarely aligned with the red line over the same time frame.

So what is it that drives the propensity for the trend to be up vs. down?

BitMaxz

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I don't think that the price could hit $20k value, for now, the possibilities that could happen is $10k if there's another great news maybe bitcoin could increase again higher than $10k. remember that Google adds a new policy about cryptocurrency and other social media because of many scam projects.

If ICO's and altcoin will be allowed to advertise again without restriction expect for the price could reach again near $20k Because this is the reason why the price last year hits near $20k

Quote from: hase0278 on April 27, 2018, 08:42:51 AM

Quote from: mikeywith on April 26, 2018, 05:35:27 PM

As this may seem like a RANDOM thought from a newbie, it's rather a Technical-based

It's nice to see a newbie do a technical analysis of Bitcoin price but as of the moment I don't see btc breaking all time high in the next 6 months at least. I think it is still too early to say that btc will reach 20,000$ this year, I believe we would only see it land on a decent price(specifically it will sit on the average price based from the past bullish and bearish trends).

Yeah, I agree it's too early right now to say that the price will reach $20k.

I according to last year the price increases around November and December so, I think the price could increase again around that months, but no assurance that the price will reach $20k if the price these coming months stays above $10k expect that the price will nearly reach $20k value. It's just my own speculation, but if it fails maybe the $20k value will reach after the block halving again.

liuqi

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Quote from: letua on April 27, 2018, 03:17:18 AM

In my opinion it is not impossible to reach 20k, it is not hard to grab it. Of course it needs to pump by the whales. It needs to wait for some times to see it in the market.

Bitcoin is the best ever Cryptocurrency so it will reach 20k USD in June or July because every year June month is huge pump in the market so it will going to peak in soon. If you don't believe this coin it will never support to you so think matured in future then only you are survive in Crypto platform. Many whales are doing some work in this coin so it will raise and fall but current situation and future possibilities are favour by Bitcoin.

hase0278

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Quote from: mikeywith on April 26, 2018, 05:35:27 PM

As this may seem like a RANDOM thought from a newbie, it's rather a Technical-based

It's nice to see a newbie do a technical analysis of Bitcoin price but as of the moment I don't see btc breaking all time high in the next 6 months at least. I think it is still too early to say that btc will reach 20,000$ this year, I believe we would only see it land on a decent price(specifically it will sit on the average price based from the past bullish and bearish trends).

letua

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In my opinion it is not impossible to reach 20k, it is not hard to grab it. Of course it needs to pump by the whales. It needs to wait for some times to see it in the market.

magneto

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Quote from: mikeywith on April 26, 2018, 05:35:27 PM

As this may seem like a RANDOM thought from a newbie, it's rather a Technical-based view.

https://www.tradingview.com/chart/BTCUSDT/4oFVgYUy-BTC-20-K-coming-soon/

Looking at the daily chart of BTC (log scale ) you can see that we broke out of a downtrend that being holding the price from ATH.

not only that. we broke another trend line which can potentially be our BASE for the next ride.

*** before you go ahead and argue about my charting check my prev predictions/analysis Cheesy

.

******this is not a financial advice whatsoever !! trade at your own risk Cheesy

**********

I think that $6k is definitely close to the bottom of this bear market, if not the bottom.

However, I don't think that this bearishness is quite over yet. I just don't see bitcoin breaking the all time high this year, because of the fact that the year hasn't been off to a great start, and a correction is most likely going to come soon for the rally that's pushing the price up right now.

Realistically I can say that bitcoin may once again establish $10k as support this year, but I definitely wouldn't jump to conclusions by saying that an all time high is going to happen within 2-3 months. I just don't see that kind of momentum in the markets to push it up like that.

mikeywith

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be constructive or S.T.F.U

As this may seem like a RANDOM thought from a newbie, it's rather a Technical-based view.

https://www.tradingview.com/chart/BTCUSDT/4oFVgYUy-BTC-20-K-coming-soon/

Looking at the daily chart of BTC (log scale ) you can see that we broke out of a downtrend that being holding the price from ATH.

not only that. we broke another trend line which can potentially be our BASE for the next ride.

*** before you go ahead and argue about my charting check my prev predictions/analysis Cheesy

.

******this is not a financial advice whatsoever !! trade at your own risk Cheesy

**********

Topic: BTC 20K coming soon, watch this chart and ease your mind :D - page 2. (Read 314 times)