BTC big Movement.... &.....ALT.......... - page 2.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Lasky366 on June 11, 2020, 11:07:06 AM

Next Support zone at 7960-7600!

We've been consolidating for a whole month now above the $8,100 monthly low. If that breaks down, there will be a major stop run past that zone. I believe the market will drop further than most bears currently expect.

Looking at daily pivots, the $7,200 and $6,400 areas look much more interesting. Considering that BTC loves to go to extremes, the 0.705 retracement level around $5,800 looks possible too.

Quote from: Lasky366 on June 11, 2020, 11:07:06 AM

Comparing with the chart of 2016 & 2020 Halving, it is clear that there is a chance of making a big correction.Crossing 10000 & 10500 these two levels will start of possible BTC Bull run But before that a correction can be expected.

An equivalent drop to 2016 (the post-halving downtrend) by percentage would suggest the $6,200s.

Lasky366

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Activity: 280

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Quote from: Lasky366 on June 12, 2020, 11:35:06 AM

Quote from: Lasky366 on June 11, 2020, 11:07:06 AM

BTC will take a big movement at any time Pump or Dump whatever. Now it's trading in Triangle. Last Time Was a Fake breakout and started walking on the sideway. But this time there will be Some good Volume plus Breakoout So the chances of getting a big move are high. As we all know that ALT Coin Always is dumped in BTC Movement. So it is better to exit from ALT Coin now. And in my opinion, you should stay away from ALT Coin until Dominance Trend Breakdown and Dump.

10K is now a huge demand zone. Level Breakout with good volume will be BTC Pump. & Another Strong level at 10.5K. If this break, BTC can touch up to 11500-12000.

If Triangle Breakdown, there will be more chance of BTC Price Dump.Then 8900-8600 Support zone can test.

Next Support zone at 7960-7600!

BTC did breakTriangle but did not break the Support Zone due to lack of Significant Volume. So if BTC Holds 9200-9300 Zone then we can see the Retest up to 9800 Level at the top.

Resistance Level: 9420-9520-9630-9800
BTC can take retest at these levels (if support zone holds)

Comparing with the chart of 2016 & 2020 Halving, it is clear that there is a chance of making a big correction.Crossing 10000 & 10500 these two levels will start of possible BTC Bull run But before that a correction can be expected.

Weekly Candle Close will get more clear idea To make an entry in ALT Coin, we have to wait till the Weekly Candle Close of Dominance Chart.

Well my Speculation come truth again. It was I posted on last night.Which is Bitcoin touched 9520 & again dumped around 9290 dollars. So what we could expect now?
Guess your Speculation below......

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Support lines are way too strong compared to the resistance points. If we can break the resistance that is obvious that we will reach to above $11k levels, I am not entirely sure about over $12k but that is of course possible, this is bitcoin after all, there is nothing stopping some whale to buy thousands of bitcoin all at once and making it $12k+ right now, but I see $11-$11.5k levels as most likely.

Could support be broken and go down? Of course it can be, we just had a $9k to under $4k break down few months ago (mainly due to pandemic) and normally that should have been very very hard to achieve with all the money that was required to do it but it happened overnight. So, all the calculations of what could happen could become worthless sometimes, you just have some whales doing whatever they want.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: okala on June 13, 2020, 08:21:40 AM

The volatility has reduce and it might go In a way of what happens at this time in 2018. The volume has also drastically reduced since yesterday. Don't expect magic this time many fund has been moving out of the cryptocurrencies market since the halving.

I'm thinking that volatility is just starting. Last week and this week ending has been really volatile. Volatility is when price isn't dragging. Yesterday, price went far down to $9,100 after breaking $10,000 two days ago; that is volatility. I'm still expecting what happened in 2017 to happen as halving is significant to btc price. When ever price completely break $10,000, we could be seeing more volatility.

okala

full member

Activity: 980

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The volatility has reduce and it might go In a way of what happens at this time in 2018. The volume has also drastically reduced since yesterday. Don't expect magic this time many fund has been moving out of the cryptocurrencies market since the halving.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: kapalmabur on June 12, 2020, 09:24:03 AM

Big Movement will happen starting next week, I think, right now the price is still consolidating at $ 9500, maybe it will go up to $ 10,000 again,
and maybe this is time for alts Wink

It is very easy to say that something might happen next week or so. But without any valid technical analysis or thought how it will happen, it's a mere guess just like what I do. Grin

Quote from: Lasky366 on June 12, 2020, 11:35:06 AM

Comparing with the chart of 2016 & 2020 Halving, it is clear that there is a chance of making a big correction.Crossing 10000 & 10500 these two levels will start of possible BTC Bull run But before that a correction can be expected.

Looks like there are many analyses that I have read says the same thing. A big correction is about to come but we should wait until it finally shows the clue and pattern, might wait for $10500 first before thinking of next move. Thanks for the analysis btw lasky.

Lasky366

member

Activity: 280

Merit: 43

VS

Lasky366

member

Activity: 280

Merit: 43

Quote from: Lasky366 on June 11, 2020, 11:07:06 AM

BTC will take a big movement at any time Pump or Dump whatever. Now it's trading in Triangle. Last Time Was a Fake breakout and started walking on the sideway. But this time there will be Some good Volume plus Breakoout So the chances of getting a big move are high. As we all know that ALT Coin Always is dumped in BTC Movement. So it is better to exit from ALT Coin now. And in my opinion, you should stay away from ALT Coin until Dominance Trend Breakdown and Dump.

10K is now a huge demand zone. Level Breakout with good volume will be BTC Pump. & Another Strong level at 10.5K. If this break, BTC can touch up to 11500-12000.

If Triangle Breakdown, there will be more chance of BTC Price Dump.Then 8900-8600 Support zone can test.

Next Support zone at 7960-7600!

BTC did breakTriangle but did not break the Support Zone due to lack of Significant Volume. So if BTC Holds 9200-9300 Zone then we can see the Retest up to 9800 Level at the top.

Resistance Level: 9420-9520-9630-9800
BTC can take retest at these levels (if support zone holds)

Comparing with the chart of 2016 & 2020 Halving, it is clear that there is a chance of making a big correction.Crossing 10000 & 10500 these two levels will start of possible BTC Bull run But before that a correction can be expected.

Weekly Candle Close will get more clear idea To make an entry in ALT Coin, we have to wait till the Weekly Candle Close of Dominance Chart.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Big Movement will happen starting next week, I think, right now the price is still consolidating at $ 9500, maybe it will go up to $ 10,000 again,
and maybe this is time for alts Wink

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

I agree with you. Bitcoin is currently in a demand zone and shaping a triangle. Anything can happen at this moment. However, the uptrend is kind of strong in which I believe it will hold the price of bitcoin and make more money to flow in. However, we still have to prepare for the worst-case scenario. I do have the fate in this uptrend. The economy is recovering from the pandemic and so do bitcoin. Therefore, if you want to buy bitcoin at this moment, split your capital into two-part. One for instant buy, and another for $7500

Jating

hero member

Activity: 2842

Merit: 772

As far as BTC's volume though, yes there is a quick jump in the last 48 hours after the dump, which means that there could be lot of buy orders getting executed. So we will have to wait and see again what will be the trend or if an imminent break out is to be made.

For altcoin market, it's been this way for the last two years if I'm not mistaken, so I'm not expecting any pump. BTC is still overshadowing them, and obviously, only ETH is moving along with BTC.

qwizzie

legendary

Activity: 2548

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This is the marketcap dominance of Altcoins :

Lasky366

member

Activity: 280

Merit: 43

BTC will take a big movement at any time Pump or Dump whatever. Now it's trading in Triangle. Last Time Was a Fake breakout and started walking on the sideway. But this time there will be Some good Volume plus Breakoout So the chances of getting a big move are high. As we all know that ALT Coin Always is dumped in BTC Movement. So it is better to exit from ALT Coin now. And in my opinion, you should stay away from ALT Coin until Dominance Trend Breakdown and Dump.

10K is now a huge demand zone. Level Breakout with good volume will be BTC Pump. & Another Strong level at 10.5K. If this break, BTC can touch up to 11500-12000.

If Triangle Breakdown, there will be more chance of BTC Price Dump.Then 8900-8600 Support zone can test.

Next Support zone at 7960-7600!

Topic: BTC big Movement.... &.....ALT.......... - page 2. (Read 623 times)