BTC Keeping it's limitaion Between 9--10K

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: BrewMaster on August 10, 2020, 10:05:40 AM

Quote from: reliable on August 09, 2020, 08:12:18 AM

Considering the past few days we are seeing that the next huddle it seems is the 12k mark. Around 11700 mark it is getting some resistance and seems to be in this price range for now. But with little push it can cross even 12k mark and might move upwards or feel that some profit booking could happen near that range might take some dip before it can rise back again.

during price rises like this, i wouldn't call any price a "resistance" because they evaporate very easily. we just saw today how now just $11700 but also $12000 marks were surpassed very easily and even though there was a day trader + bot panic sell the price is still close to $12k.
it is the momentum that breaks all these no matter what resistances seem to exist on the charts.

Technicals or indicators arent always a solid basis when it comes to price prediction.Its just commonly used and presuming out those supports and resistances but into this kind of market then those can be easily
break out without even anticipating or expecting it.

We have been tanking in below 10k price for long months now and pretty sure that most people havent expected yet for it to break 10k and break 11k and reach 12k so easily which we havent
able to touch for too long now.

Its not bad to base it up on TA's but depending on it too much does really have that some sort of being useless or cant really be that much of a use.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: reliable on August 09, 2020, 08:12:18 AM

Considering the past few days we are seeing that the next huddle it seems is the 12k mark. Around 11700 mark it is getting some resistance and seems to be in this price range for now. But with little push it can cross even 12k mark and might move upwards or feel that some profit booking could happen near that range might take some dip before it can rise back again.

during price rises like this, i wouldn't call any price a "resistance" because they evaporate very easily. we just saw today how now just $11700 but also $12000 marks were surpassed very easily and even though there was a day trader + bot panic sell the price is still close to $12k.
it is the momentum that breaks all these no matter what resistances seem to exist on the charts.

peterpanda

full member

Activity: 562

Merit: 100

Quote from: reliable on August 09, 2020, 08:12:18 AM

Quote from: ?? on ??

Now this has broken the $11000 range and it is moving between the range $11300 - $12000. This week we can expect some good growth from the beginning itself. If the market is supportive by the weekend we can experience $13000 with the price range gaining resistance above $12000. Based on the move there will be bigger growth with ethereum reaching close to $500.

Considering the past few days we are seeing that the next huddle it seems is the 12k mark. Around 11700 mark it is getting some resistance and seems to be in this price range for now. But with little push it can cross even 12k mark and might move upwards or feel that some profit booking could happen near that range might take some dip before it can rise back again.

Not only 12k but also it will hit 15k again very soon. Bitcoin is now on good stage and for this reason altcoins are increasing rapidly. We should avoid panic sell now.

reliable

full member

Activity: 868

Merit: 151

Quote from: ?? on ??

Now this has broken the $11000 range and it is moving between the range $11300 - $12000. This week we can expect some good growth from the beginning itself. If the market is supportive by the weekend we can experience $13000 with the price range gaining resistance above $12000. Based on the move there will be bigger growth with ethereum reaching close to $500.

Considering the past few days we are seeing that the next huddle it seems is the 12k mark. Around 11700 mark it is getting some resistance and seems to be in this price range for now. But with little push it can cross even 12k mark and might move upwards or feel that some profit booking could happen near that range might take some dip before it can rise back again.

STT

legendary

Activity: 4102

Merit: 1454

Its broken above 10500 which was a limit but the point to watch now is each longer term time frame. So hourly into daily and weekly bars and so on, when its keeping itself above a prior ceiling it can be said to be bullish though its never so certain it cannot move through resistance but its more certain then otherwise.

The best time to discard the previous limit would be in a proper trend upwards, we dont have that yet. I think a monthly bar would be more like or a series of confirmations in lows where we are rising, sometimes this can be subtle. I think we're holding for the moment with many assuming its bullish because we remain high, I'm alot more assured once we have an actual trend in play I dont see that yet.

yellow line is the more important here with price staying the right side of this since Mid July

rodskee

full member

Activity: 2520

Merit: 204

Quote from: Zemomtum on August 04, 2020, 06:36:27 PM

This limitation has been broken and we should expect a strong bull run any moment from now. 2020 seem to be a good year for the crypto space.

It's forming more from the bull side of this market, it seems that the movements
is showing good sign of more stronger bull
We have to keep being positive and focus with our hold assets, it can breakout
any moment now and bring huge profits.

Quote from: Kong Hey Pakboy on August 06, 2020, 12:24:27 AM

Indeed. The limitation of the price of bitcoin between $9,000-$10,000 has been broken and we are now experiencing a good movement or a bull run this month. I hope this would continue until the end of the year because it would be a good choice if we all keep and hold our bitcoins to maintain our long term investment.

If this green trend continue one thing is for sure we will going to have a much better
market valuation before this year end.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: Zemomtum on August 04, 2020, 06:36:27 PM

This limitation has been broken and we should expect a strong bull run any moment from now. 2020 seem to be a good year for the crypto space.

Indeed. The limitation of the price of bitcoin between $9,000-$10,000 has been broken and we are now experiencing a good movement or a bull run this month. I hope this would continue until the end of the year because it would be a good choice if we all keep and hold our bitcoins to maintain our long term investment.

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

This limitation has been broken and we should expect a strong bull run any moment from now. 2020 seem to be a good year for the crypto space.

Playerboy450

jr. member

Activity: 50

Merit: 1

yeh it was bounced several times between 9-10k. but now we are above 11k which is positive for next bull run.

tbterryboy

sr. member

Activity: 2030

Merit: 323

$11.2k is a great place to be right now, it is not the highest point we have reached in this bull run, it is not the lowest and where we have started neither.

People who wanted to buy and increase the price has done that already and people who have sold to take out their profits have already done that as well, so we do not know which direction will we go but we know that the big players already made their moves and we ended up at $11.2k when manipulators and whales of both sides are done.

From now on we can make any move we want as the people and the general population of bitcoin world could take it up and increase a lot or could take it down, we don't know that. Honestly, I would expect a bit more lowering as well if people can't get any big help from the whales and long future buyers.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: TimeTeller on August 01, 2020, 01:15:23 AM

Quote from: michellee on July 31, 2020, 08:28:54 PM

You can see it later what will happen to the market. We already touch $11,500, and that is the highest price so far, but then the price is down and back to $10k level. Means, the price can be $10k-$11,5k for some time before the price starts another rally. The sideways position will always be on the market. When you check the chart, we already at sideways position, although the price does not tend to the horizontal line. We do not yet see the bull run, it is only a small bull run, and we will see the real bull run soon.

We are more than $11600 as we speak, so 11500 is not the highest price by now.
Not even a month the OP created this thread, but we already surpassed the 10k mark.
Bitcoin is really showing a very good price movement, and if this will continue, a lot of people will again look at btc as a potential investment.
Not that I don't like those people that will jump on the trend, but once their expectations are not met, they treat btc as if it's their enemy.

Oh, you are right, I miss something at the market because I taught that $11,500 is the new highest we saw before. Thank you.
I am sure many people were happy to see bitcoin price can surge $11k level, and I am sure that they already sell their bitcoin. People have a chance to buy bitcoin at a low price because the trend now seems to tend to go down for a while. Bitcoin price will go up again in the next moment, but before we see that will happen, we need to wait for a while until the price finishes on the correction.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: michellee on July 31, 2020, 08:28:54 PM

Quote from: cryptomaniac_xxx on July 31, 2020, 04:17:15 AM

Quote from: michellee on July 31, 2020, 12:24:28 AM

Quote from: Ayiranorea on July 30, 2020, 08:58:53 PM

Now it has crossed a big barrier of $10000 which is a long back expected resistance value. Maybe for the next few weeks we can expect the price of bitcoin to be around between $10000 - $11500.

It will cross more than $11,500, although it seems difficult for bitcoin price to rise right now. If we see the chart, it seems, the trend soon becomes sideways, and that will need some time to back to increase again. When bitcoin price increases, I am sure that the price will start another rally to $12k and will reach the high price. Maybe this year, bitcoin price will have a big opportunity to increase and back to $20k, and hopefully, that will happen soon.

And why would you say that? We have risen from sub five digits in just days so from $11k-$11.5k would be an easy jump if people still continue to buy at this price. That sideways patterns are over in my opinion, and as we enter this bull run, it's either we will see a dip then followed by a massive pump. And there is also a big possibility that we might go back at $20k this year, crossing my fingers.

You can see it later what will happen to the market. We already touch $11,500, and that is the highest price so far, but then the price is down and back to $10k level. Means, the price can be $10k-$11,5k for some time before the price starts another rally. The sideways position will always be on the market. When you check the chart, we already at sideways position, although the price does not tend to the horizontal line. We do not yet see the bull run, it is only a small bull run, and we will see the real bull run soon.

We are more than $11600 as we speak, so 11500 is not the highest price by now.
Not even a month the OP created this thread, but we already surpassed the 10k mark.
Bitcoin is really showing a very good price movement, and if this will continue, a lot of people will again look at btc as a potential investment.
Not that I don't like those people that will jump on the trend, but once their expectations are not met, they treat btc as if it's their enemy.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: cryptomaniac_xxx on July 31, 2020, 04:17:15 AM

Quote from: michellee on July 31, 2020, 12:24:28 AM

Quote from: Ayiranorea on July 30, 2020, 08:58:53 PM

Now it has crossed a big barrier of $10000 which is a long back expected resistance value. Maybe for the next few weeks we can expect the price of bitcoin to be around between $10000 - $11500.

It will cross more than $11,500, although it seems difficult for bitcoin price to rise right now. If we see the chart, it seems, the trend soon becomes sideways, and that will need some time to back to increase again. When bitcoin price increases, I am sure that the price will start another rally to $12k and will reach the high price. Maybe this year, bitcoin price will have a big opportunity to increase and back to $20k, and hopefully, that will happen soon.

And why would you say that? We have risen from sub five digits in just days so from $11k-$11.5k would be an easy jump if people still continue to buy at this price. That sideways patterns are over in my opinion, and as we enter this bull run, it's either we will see a dip then followed by a massive pump. And there is also a big possibility that we might go back at $20k this year, crossing my fingers.

You can see it later what will happen to the market. We already touch $11,500, and that is the highest price so far, but then the price is down and back to $10k level. Means, the price can be $10k-$11,5k for some time before the price starts another rally. The sideways position will always be on the market. When you check the chart, we already at sideways position, although the price does not tend to the horizontal line. We do not yet see the bull run, it is only a small bull run, and we will see the real bull run soon.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: michellee on July 31, 2020, 12:24:28 AM

Quote from: Ayiranorea on July 30, 2020, 08:58:53 PM

Now it has crossed a big barrier of $10000 which is a long back expected resistance value. Maybe for the next few weeks we can expect the price of bitcoin to be around between $10000 - $11500.

It will cross more than $11,500, although it seems difficult for bitcoin price to rise right now. If we see the chart, it seems, the trend soon becomes sideways, and that will need some time to back to increase again. When bitcoin price increases, I am sure that the price will start another rally to $12k and will reach the high price. Maybe this year, bitcoin price will have a big opportunity to increase and back to $20k, and hopefully, that will happen soon.

And why would you say that? We have risen from sub five digits in just days so from $11k-$11.5k would be an easy jump if people still continue to buy at this price. That sideways patterns are over in my opinion, and as we enter this bull run, it's either we will see a dip then followed by a massive pump. And there is also a big possibility that we might go back at $20k this year, crossing my fingers.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Ayiranorea on July 30, 2020, 08:58:53 PM

Now it has crossed a big barrier of $10000 which is a long back expected resistance value. Maybe for the next few weeks we can expect the price of bitcoin to be around between $10000 - $11500.

It will cross more than $11,500, although it seems difficult for bitcoin price to rise right now. If we see the chart, it seems, the trend soon becomes sideways, and that will need some time to back to increase again. When bitcoin price increases, I am sure that the price will start another rally to $12k and will reach the high price. Maybe this year, bitcoin price will have a big opportunity to increase and back to $20k, and hopefully, that will happen soon.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Lasky366 on July 21, 2020, 11:02:49 PM

$BTC Update

Bitcoin follows our plan, currently brought +24.3% of profit with x10 leverage. If we cross the Mid Line to upward, will wait for the retest of the Higher Boundary of an Ascending Channel.

let's see how it's goes.

You have missed to update us this recent Pump mate,i was following this thread of your since the beginning .
how i wish you have given your graphs at least in this ending of july.

But anyway because of this thread at least i have a positive idea about how long i will wait ,yesterday i have sold 1/2 of my holdings looking if the correction will follow so i will use the amount to buy more again.

I am just hoping that there will be following bearing before the final bull comes so i may use this opportunity to gain even better.

Ayiranorea

sr. member

Activity: 1246

Merit: 255

Leading Crypto Sports Betting & Casino Platform

Almost by the middle of January the price crossed $9000, further it moved between the range of $8000 - $9000, further in February it gained resistance to stay above $9000 and crossed $10000 in between. The price once again dropped reaching around the $5500 range. This further grew in a gradual manner and now again it stood between $9000 - $10000 range for a long. Now it has crossed a big barrier of $10000 which is a long back expected resistance value. Maybe for the next few weeks we can expect the price of bitcoin to be around between $10000 - $11500.

STT

legendary

Activity: 4102

Merit: 1454

I hate to say anything about 10k because its the round number fallacy but fair enough there are a few things obstructing in this area not literally just all the zeros. I'd not normally expect much accumulation to occur but I do see that trend for July now posted above and its going back to May and has some standing. The last two days have been gains which held and got us past 50 day average, maybe more importantly past the series of lower highs forming for a while now. Those two things seems like its time to consider an expansion rather then contraction in range as has been occuring, higher prices might occur possibly if only for summer.

Weekly bar would be my preference to have more certainty of anything new so thats a bar closing past 9.8k, that would register going into next week. Then we got progression on multiple time frames and we can stop the repeat like a broken record.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: aioc on July 22, 2020, 01:25:42 AM

Have checked the price after seeing some of the analysis here and Bitcoin has increased it's price a little bit if you are trading short term there's a nice profit for you, I'm still looking where can have a breakthrough or take off that the price can land in the $10 k level i hope it's forthcoming.

The month is ending but the insights of the price up still untrace but maybe there are sudden change of phase will happen until the end of the month but I'm not totally expecting it since there are so many factors bothering the growth right now. Next month will be different phase and for sure we will see great things coming ahead.

jostorres

hero member

Activity: 2562

Merit: 586

In order to have a breakthrough in the price there needs to be something changing, it can't just happen out of nowhere for no reason at all, even when you think there was no reason at all you check to see what whales have done and they just bought a lot so suddenly it looks like there is no news about bitcoin yet its going up, most cases its thanks to whales (or when it goes down the same thing as well).

So, I would say as long as nobody does anything and there is nothing going on, the price will continue like this forever, but we all know it can't continue like this forever, so in the end we are going to see something like a big move from a whale that would trigger something, or maybe some news about something awesome in the crypto world, so all in all we will see something major happening for sure.

Topic: BTC Keeping it's limitaion Between 9--10K (Read 934 times)