BTC - Drop and Snap - page 2. | Bitcointalksearch.org

Oilacris

hero member

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Quote from: Slow death on August 03, 2018, 04:51:23 PM

Quote from: bonballi on August 03, 2018, 09:34:43 AM

Various news has been having an impact on the price of BTC. Recently BTC became stable after the rejection of Winklevoss' ETF. But, there are still more to come, which can completely turn the market scenario. I am quite optimistic that BTC will break the 9,000$ resistance by this year or ealry 2019.

In the long term the price of bitcoin can rise much more than $ 9000, just have patient. Now in the short term we are dependent on the approval of the ETF, if by some miracle the ETF is approved then we will probably have an increase of more than $ 9000, but if the ETF is not approved then the price may fall below $ 6000. We are in a very bad situation.

Quote from: larkscrypto on August 03, 2018, 12:59:29 PM

By the end of the year we may see double increase in price what is in present. Most expert say that it will overreach $20000. We may now just wait and see.

I highly doubt that this will happen, I just see a possible approval of ETF as a short-term bailout that can create conditions for a large price increase.

Not only that we can add up some fundamentals when we are already on the month of August which can be considered as a ghost month. Don't know if it do really affects but basing on what we saw on recent bitcoins price dip we can actually made a word or thought.The month of September last days up to October which do already the start of 4th quarter of this year. Hope we would able to break out lower lows once again depending on the upcoming news would happen.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: bonballi on August 03, 2018, 09:34:43 AM

Various news has been having an impact on the price of BTC. Recently BTC became stable after the rejection of Winklevoss' ETF. But, there are still more to come, which can completely turn the market scenario. I am quite optimistic that BTC will break the 9,000$ resistance by this year or ealry 2019.

In the long term the price of bitcoin can rise much more than $ 9000, just have patient. Now in the short term we are dependent on the approval of the ETF, if by some miracle the ETF is approved then we will probably have an increase of more than $ 9000, but if the ETF is not approved then the price may fall below $ 6000. We are in a very bad situation.

Quote from: larkscrypto on August 03, 2018, 12:59:29 PM

By the end of the year we may see double increase in price what is in present. Most expert say that it will overreach $20000. We may now just wait and see.

I highly doubt that this will happen, I just see a possible approval of ETF as a short-term bailout that can create conditions for a large price increase.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

Btc market has been like this from last few weeks, i know some short term traders are making good money from these spikes and dips but personally i think this is perfect consolidation after down trend and we might see strong bulls back soon.

genuin

sr. member

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Quote from: GeckoTrader on July 31, 2018, 02:54:29 AM

BTC
BTC is currently stable at the $8,140 level and has quickly recovered after slipping through the $8,100 support. Price touched the upper extremity of the lowest zone in this sideways trend, but the bulls swiftly fought back, and the price has snapped back up and is now sitting within the previous support zone.

We can see from the volume profile that buy volume stepped in to match the sell volume indicating that the struggle will continue. Something to note is that we are witnessing lower highs and lower lows forming indicating a slow downward climb.

I am more inclined to position the price of bitcoin to decrease further this year. there are several causes of bitcoin going down, among them are news about the United States Securities and Exchange Commission (SEC) investigating the Bitcoin and other cryptocurrency exchanges, causing the decline in Bitcoin prices on February 28 yesterday

As part of the investigation, the SEC has issued "dozens of court calls" to obtain information from technology companies and advisors regarding the digital currency market.

larkscrypto

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This brings hope to the prediction. BTC price is probably going higher though there were many news and hypes that made BTC market effected. By the end of the year we may see double increase in price what is in present. Most expert say that it will overreach $20000. We may now just wait and see.

cryptodalton

jr. member

Activity: 126

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The drop and snap both happened in bitcoin I think . The level sometime slowly rising or sometime the opposite happens . May be last June the price of bitcoin dropped. Cryptocurrency prices influed by mood and emotion so I think the drop and snap happened sometime.

bonballi

newbie

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Various news has been having an impact on the price of BTC. Recently BTC became stable after the rejection of Winklevoss' ETF. But, there are still more to come, which can completely turn the market scenario. I am quite optimistic that BTC will break the 9,000$ resistance by this year or ealry 2019.

williamcastaneda

newbie

Activity: 31

Merit: 0

Quote from: GeckoTrader on July 31, 2018, 02:54:29 AM

BTC
BTC is currently stable at the $8,140 level and has quickly recovered after slipping through the $8,100 support. Price touched the upper extremity of the lowest zone in this sideways trend, but the bulls swiftly fought back, and the price has snapped back up and is now sitting within the previous support zone.

We can see from the volume profile that buy volume stepped in to match the sell volume indicating that the struggle will continue. Something to note is that we are witnessing lower highs and lower lows forming indicating a slow downward climb.

I have to be careful, because I don't know for the future maybe the price will go up again or down, and this is very exciting

GeckoTrader

jr. member

Activity: 196

Merit: 3

update.....

BTC is currently sitting at the $7560 mark and is down approximately 2% since our last TA update.

Selling pressure is weighing down on the overall BTC market however, we did see a strong rebound at the $7480 level.

As can be seen from the chart, this level has historically been a strong resistance level and is now acting as a support.

We’re expecting price to come down and retest the $7,480 level – we will be watching closely for signs of strength at this point and may enter long depending on the price action.

Of course, it is entirely possible that price slips down further to the $7,200 level. - beyond this we could likely be exposed to the low $6,000 levels.

We’re not certain at this point and CIM is happy to be watching from the sidelines. As always, we will be sure to keep you updated with our views.

GeckoTrader

jr. member

Activity: 196

Merit: 3

BTC consolidation breaks

We’ve now broken out of the consolidation zone in what can also be seen as a descending triangle – a bearish pattern.

BTC completely disregarded the support zone and dumped straight through it, falling approximately 5%. We are now sitting at the next lower support level at the $7,700 region.

We can see from historical price action back in June and more recently, prior to entering the consolidation zone, that there is plenty of support at this point.

Price is continuing to flirt with this support zone and we have not seen any sizeable influx of buy orders on the XBT chart as yet.

If we break this level we could see prices retreat to the low $7,000 levels where there is another consolidation zone.

We do think a push to $9,000/$10,000 over the short-to-medium term is possible and we will be looking for signs of stabilization and will keep you all posted.

GeckoTrader

jr. member

Activity: 196

Merit: 3

BTC
BTC is currently stable at the $8,140 level and has quickly recovered after slipping through the $8,100 support. Price touched the upper extremity of the lowest zone in this sideways trend, but the bulls swiftly fought back, and the price has snapped back up and is now sitting within the previous support zone.

We can see from the volume profile that buy volume stepped in to match the sell volume indicating that the struggle will continue. Something to note is that we are witnessing lower highs and lower lows forming indicating a slow downward climb.

Topic: BTC - Drop and Snap - page 2. (Read 306 times)