BTC analysis for this month! - page 4.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: jorneyflair on September 25, 2017, 06:08:20 AM

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

Hey Speculators,
I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this.
I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.
In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

It's already starting to move upwards it seems.

I think a conservative estimate of a level of $4k+ could well be possible if nothing changes from now and the end of the month. People panic sold their bitcoins for cheap when they heard that BTCChina is closing down and even though nothing has changed the panic is gone now and there is a lot of potential for a bull run here.

We could see BTC stop at around the curent level and hang around for another 2-3 days before moving up once again - good time to buy right now.

Fairly maybe it is a good buy because it will surely go rise after a big drop on the price we can really see it maybe in the month of October, because right now I think there is a resistance right now but we can see a slight increase up to a $100 dollar and Right now it is on the $3700 mark value, but the month of September is ending I think we can really see the $4000 mark value again before entering the next month.

emiedj01

newbie

Activity: 41

Merit: 0

After seeing the chart we can surely see that the price is starting to rise little by little maybe we can really see the pull rise on October because this month has a lot of resistance beyond this and maybe because a lot of fake news and FUD had already reach many users.

jorneyflair

hero member

Activity: 672

Merit: 500

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

Hey Speculators,
I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this.
I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.
In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

It's already starting to move upwards it seems.

I think a conservative estimate of a level of $4k+ could well be possible if nothing changes from now and the end of the month. People panic sold their bitcoins for cheap when they heard that BTCChina is closing down and even though nothing has changed the panic is gone now and there is a lot of potential for a bull run here.

We could see BTC stop at around the curent level and hang around for another 2-3 days before moving up once again - good time to buy right now.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

Hey Speculators,
I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this.
I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.
In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

We have the floor at $3500 which is a pretty good support level. This will be the basis of the pump imo.

I agree with you, i think that this week by the end of the month we should see some action going on with the price. The resistance currently is at around $4k and i would not be surprised if that resistance is broken, and turns into a new floor.

Though it does sort of depend on news from China, whether there are more regulations coming out or not.

alyssa85

legendary

Activity: 1652

Merit: 1088

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Quote from: 2double0 on September 24, 2017, 07:39:00 AM

It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

These wedges can break downwards rather than upwards - and the downward trend line looks stronger than the upward one. I think it will test $3000 again, and it it breaks through we're going to $2800

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: SushiMonster on September 25, 2017, 02:40:04 AM

Just what a lot of people expected, I do hope that by December this will hit the $4500 mark.

December?!? That's over two months away. That's like a lifetime when we're talking about crypto. Today we saw a very strong reaction from bulls, and it looks to me like we are going to be retesting the highs within the next few days. After that, it's onto the OTE zone (62-78% fib retracement area), where I expect bears to step in and try to print a lower high on the long term charts.

I'm not sure whether or not to expect a break of $5000 in the mid term, or a return to the $2000s (as many seem to expect). Keeping an open mind right now.

Quietman

sr. member

Activity: 292

Merit: 250

Whatever may happen this month I'm quite sure that bitcoin will soon recover. Maybe the factors that keeps the value of bitcoin right now is the issues on china and the coming fork on november. But still I'm expecting bitcoin to be higher until november or december. It's like bitcoin was only preparing for a big dump before the end of this year.

SushiMonster

full member

Activity: 305

Merit: 107

I'm going to eat your cookies

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

Hey Speculators,
I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this.
I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.
In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

Just what a lot of people expected, I do hope that by December this will hit the $4500 mark.

Yuuto

hero member

Activity: 644

Merit: 501

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

Hey Speculators,
I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this.
I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.
In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

Very likely to be true as currently we are seeing no real dump or pump happening and it seems to me that the whales are starting to accumulate some bitcoin once again quietly. If a pump does come it won't be surprising if the price jumped up to $5k+ finally.

Though, there are still limiting factors that keep price low.

For example the constant FUD coming out of China is really hurting the prospect of a big pump, which imo will happen again this year, eventually.

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.

I understand how price action works, but your assertion that you use no indicators need to be corrected, because the pivot points I see in the image are price-based level indicator that helps a trader spot support and resistance levels in the market.

Quote

In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.

As we have come to know it, Bitcoin have always shown propensity to go up, because more adoption readily translates to more demand and the only explanation for above market set up is that market has began marking time for the outcome of proposed hard fork next month and which is by the corner.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

I noticed the same pattern on the top of this graph today, and came looking for this thread. It seems too accurate to be random, although I don't usually believe the "I can draw 2 lines on a graph to predict the price".

As far as "the Pivot point" goes: I wouldn't have drawn the lower line. That doesn't mean the upper line will continue on it's way down though.

Quote

After that, I see a rally incoming.

If there's one thing Bitcoin thought me, it is that it can go both ways real fast.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

Hey Speculators,
I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this.
I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.
In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

If we do really base on technical analysis it did already form triangle and it would really break out soon going bullish which as those pivot points would really be reached out but we cant really be sure because of the upcoming news on this end of this month on which i do believe that we cant really depend or basing on the technical analysis itself.This is why im still on on doubt if it would breakout upwards or dip down because of the news.

Kronos21

sr. member

Activity: 434

Merit: 255

This is not surprising. I expected lower prices. Only I'm sure this year will be another surge. But the statistics are interesting only for those who engaged in speculation on the stock exchange. I don't do that and so I will delight the price is even $ 2000. For those who forgot, I remind you that at the beginning of the year, we were happy that the bitcoin reached the price of $ 1,000. Human greed is limitless.

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

There are over $1000 missing on the table and it's all that I see Angry

To make it worse the price will surely go down again in the next two months, step by step, without any FUD needed. I'm not very optimistic about the Bitcoin value for the next two months. I decided to wait after November/December and see how the things will be

Seansky

hero member

Activity: 560

Merit: 500

Quote from: 2double0 on September 24, 2017, 07:39:00 AM

[img]
Hey Speculators,
I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this.
I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.
In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

For me, I was expecting another dump coming this month before it ends. It will continue to rally later on this year if there is not that much FUD that will bring bitcoin price down. Also, there is a possibility that it will stabilize within the current levels it has now, indicating that there will be a bigger dump or pump later this year that is if this happens. I hope the latter speculation will be the one to occur and not the former.

2double0

legendary

Activity: 2618

Merit: 1105

Hey Speculators,
I am starting up with a tentative analysis over Bitcoins and help you understand about the basic levels if you are not that Pro in all this.
I am a steady Price Action trader who loves to derive levels on his own by watching naked charts only because I never use any indicators to draw where the price will tend to move.
In the image above, we can clearly see that Bitcoin is currently at level which should be determined as the Pivot point as the coin is currently moving with good stability currently with no such harsh moves.
It is currently in a triangle and could break up any time towards high because the momentum towards upside is looking much better against a drop.
It is currently holding hard at its Pivot level and Support 1 (3500) seems unlikely atm seeing the gains it has made so far.
However, it needs to break the triangle with some great force and cross Resistance 1 (4000) in order to confirm an uptrend where achieving Resistance 2 (4500) won't be that hard. After that, I see a rally incoming.

Topic: BTC analysis for this month! - page 4. (Read 2336 times)