Topic: BTC Keeping it's limitaion Between 9--10K - page 2. (Read 919 times)
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.
$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.
Bitcoin is keeping its price steady or still in $9,000 that it doesn't decrease its amount from $8,000, and it is a good thing because we don't need to worry with our bitcoin holdings if bitcoin's price is keeping steady. But the price of bitcoin is currently $9,145, so we might be experiencing a downtrend again maybe next week or next month because it doesn't increase from $9,500 back.
The Bitcoin price is currently reach at $9300 and as obviously the pattern is still the same it cannot move forward to $10k. Actually, it will take time to see it continuously increasing despite of this condition some people are currently accumulating and some losing hope on bitcoin to reach it in bull run stage. Well, possibly it might happen to see the price could suffer a little downtrend once no good movement in the coming days and months. Honestly speaking when you do try out to plot and using up TA. This is the hardest time to make up decisions neither you should position yourself into the market or would wait up even more
for lower entry price.It does depend on someones risk management.
Low volume is basically the main cause of this, that is what happens when you have low volume or basically no person really interested in trading, you end up seeing no change at all. There could have been another outcome, the volume could be low, liquidity would be low and some rich person could have taken advantage of it and change the price a lot, they could have dropped or increased it very very quickly. What is going on is the alternative to that and nobody wants anything to do with bitcoin.
Hopefully over time there will be some time when people will want to change something and they will get a lot more interest towards bitcoin and at that moment bitcoin will definitely change, maybe it would be people being bored and start selling all together or maybe everyone will hype up and it will go up.
Hopefully over time there will be some time when people will want to change something and they will get a lot more interest towards bitcoin and at that moment bitcoin will definitely change, maybe it would be people being bored and start selling all together or maybe everyone will hype up and it will go up.
Bitcoin is keeping its price steady or still in $9,000 that it doesn't decrease its amount from $8,000, and it is a good thing because we don't need to worry with our bitcoin holdings if bitcoin's price is keeping steady. But the price of bitcoin is currently $9,145, so we might be experiencing a downtrend again maybe next week or next month because it doesn't increase from $9,500 back.
The Bitcoin price is currently reach at $9300 and as obviously the pattern is still the same it cannot move forward to $10k. Actually, it will take time to see it continuously increasing despite of this condition some people are currently accumulating and some losing hope on bitcoin to reach it in bull run stage. Well, possibly it might happen to see the price could suffer a little downtrend once no good movement in the coming days and months. 
Bitcoin is keeping its price steady or still in $9,000 that it doesn't decrease its amount from $8,000, and it is a good thing because we don't need to worry with our bitcoin holdings if bitcoin's price is keeping steady. But the price of bitcoin is currently $9,145, so we might be experiencing a downtrend again maybe next week or next month because it doesn't increase from $9,500 back.
Here my current chart for Bitcoin.
I am expecting happen what it did last few months, the triangle breakout.
It is a bullish continuation pattern. For me, this will take time and expect for more neutral price action of Bitcoin.
Breaking on this another triangle would be a huge effect on bitcoin for me, let's be patient.
From your image, it might happen in the next month or 2 months later. If the price still on the sideways like we see today, it will need more time to see for bitcoin to break the higher rate. We can also see another downtrend this month or next month because the sideways have two chances: to go down or up, and I guess that the price may be down for once again before the price increases. But I hope that the price is down, and only increase and break $10k. If that happens, we might see a bullish market in the next 2 months later.
Here my current chart for Bitcoin.
I am expecting happen what it did last few months, the triangle breakout.
It is a bullish continuation pattern. For me, this will take time and expect for more neutral price action of Bitcoin.
Breaking on this another triangle would be a huge effect on bitcoin for me, let's be patient.
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I mean bitcoin is still liked right?
If as a trader we just wanted movement then its preferable to have much disagreement and dislike of BTC if anything, you dont all these people with the idea to buy and hold it. For good trades you want alot fear, much selling till its oversold then a buy trend that also then gets overbought and so on with continual strong trends. People holding, others not with any fear or expectation beyond this price level especially for this year means theres little energy in the price. Maybe this is just normal activity, we could also consider the stock market has so much cycle and movement occuring that speculators are preoccupied with main markets and distraction from that leaves BTC with just the old faithful, miners and a small amount of buying from unit trusts perhaps.
Whats likely forthcoming is SP500 index in stocks pull back, this will create some sentiment in Bitcoin also and so more probable movement. At present that situation is stall speed not falling yet, top of the arc after the main move from March.
right now bitcoin is only moving around $ 9K, it seems that it hasn't found the momentum to break through again to $ 10K. if it has broken again and lasted around $ 10K long enough there will be an increase even though it is slow and will not go down again.
at the moment it is likely to fall could have happened to bitcoin if it still only moves in the range of $ 9K, and that is a natural thing. but it must be remembered that bitcoin will experience an upward trend at the end of this year and continue to reach its peak next year.
prediction later this year bitcoin will be able to reach $ 15K and will continue to increase in 2021.
this is if we look back at the results of halving in the past, in the first and second halving, a year later reached the peak point of increase.
the peak of the increase always occurs in December, whether next year will also fall in December? this is a question that is quite a concern. if bitcoin can reach $ 15K by the end of this year it is likely that the peak of the increase could again occur in December next year.
I do understand that bitcoin may not be moving because there is really no reason for it to move. However, I do not understand the volume and liquidity being so low. I mean bitcoin is still liked right? Nothing that happened causing bitcoin to be hated or not wanted or lose attention as far as I am concerned?
If that is the case then why do we not get more stuff that would be higher volume and liquidity with people all around the world trading billions of dollars worth of bitcoin back and forth.
The price in that situation would move but even if it doesn't end up moving and there is 5 billion dollars worth of bitcoin bought and 5 billion dollars worth of bitcoin sold at the same time, causing the price to be exactly the same, that would at least mean there is some more attention towards bitcoin. That is what I want to see and want to know why it is not there.
If that is the case then why do we not get more stuff that would be higher volume and liquidity with people all around the world trading billions of dollars worth of bitcoin back and forth.
The price in that situation would move but even if it doesn't end up moving and there is 5 billion dollars worth of bitcoin bought and 5 billion dollars worth of bitcoin sold at the same time, causing the price to be exactly the same, that would at least mean there is some more attention towards bitcoin. That is what I want to see and want to know why it is not there.
From lats couple of months this has being in the range bound as it has gone twice above 10k but had fallen from those levels and also had fallen below 9k during this period but had managed to bounce back form that and now at around 9250$ range. So for now it seems that it is being the 9-10k one. Some positive move will result towards the much awaited 10k price.
My stand on this is that except a positive fundamental news is on the horizon this will stirred up the price to be bullish and break those resistance and trendlines else the price will continue to range between $9K to $9K4 I am very optimist that in the next few days to come something positive will trigger a bullish run although there is rumor hack on twitter account of some influential personals of course some analyst had attributed the bearish sentiment of bitcoin to the hack while predicting more dump in days ahead based on fundamental point of view. 
$BTC Update
Horizontal Support mentioned yesterday has held. Moreover BTC crossed back into the Ascending Channel. Considering scenario with long, but only if BTC breaks the Local Resistance Trendline.
Somehow it hasn't fallen low, the market which is predicted to reach a big value by now hasn't shown signs of big growth. Going through the market condition of other markets what's been happening with cryptomarket isn't that worse. Maybe this isn't the time to profit big, but there is regular price movement within limits. This helps with earning little out of the regular fluctuations.
In 1D chart, since the start of the month Bitcoin is moving from around $9000 to around $9400 only. Right now its hard to predict where will Bitcoin heading too. I'm just waiting for any signs before making my decision.
Even in 4 days or weekly chart, you will see same kind of moving since the beginning of this month 
; kidding aside, this is what OP is trying to emphasize; Bitcoin market is limited between two price ranges and like most other people here I am too worrying on that. I basically need wildly fluctuating bitcoin markets rather than this kind of boring one.the 50 day MA isn't doing well the last few days, hopefully that will be temporary.
How you say moving average of 50 days is misleading when consecutive gains are happening? Usually cross over of moving average lines are powerful to detect the on-going trend (not the upcoming), this way 50 day moving average show stay above the line chart of market when there are positive candle happens. I doubt about some times, few technical analysis are not getting refreshed along with market and other tools.
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If that trend line will be broken then there is a chance that it can go up higher at around 9200-9400 I think.In 1D chart, since the start of the month Bitcoin is moving from around $9000 to around $9400 only. Right now its hard to predict where will Bitcoin heading too. I'm just waiting for any signs before making my decision.
Presently BTC also had two consecutive gains right now. If it gets a third then that will be a three white soldiers pattern which is supposedly good for the price, but then again we are very close to the first support and there are several dips that it needs to recover to get anywhere near the first resistance. But the 50 day MA isn't doing well the last few days, hopefully that will be temporary.
$BTC Update
Horizontal Support mentioned yesterday has held. Moreover BTC crossed back into the Ascending Channel. Considering scenario with long, but only if BTC breaks the Local Resistance Trendline.
The pattern of bitcoin prices will always be up and down, but the difficult thing for us is to buy low and sell high. Not all people can get that sign because sometimes, we feel that we can buy at a low price, but then the price will go down for more in the next thirty minutes. If we only analyze from the trend line and the chart, we will not get more signs if the price will go down or not.
Basically the trend line is a tool to know the support and resistence which I think this strategy is very useful for trader. I can't imagine for those traders who trade but they didn't know where the support price and where the resistence price. At least with the trend line strategy you can make a good place for entry also for exit when you get profit or lose. If we have known that, we can correlate with fundamental analyst which I think fundamental analyst is the main factor for us to gain profit. I mean, if you have some information then you can compare with the current chart. ~snip~
signs ? the trend line or the chart that we saw here is already their sign to predict if what can happen next on the price of btc but still , anything can happen anytime of the day .
thats what we believe for us normal users that dont depend or dont know how to use signals and charts . the pattern of the price for btc is only back and forth but we shouldnt be confident on it as this can only be a trap .
I don't call that sign as the trend line or the chart in the market because we need more than that trend line or the chart to analyze and find more signs. We need to find more signs from the history trading, the order queue, and even we need to find the other sign from the other indicator, and not just from the trend line or the chart.
The pattern of bitcoin prices will always be up and down, but the difficult thing for us is to buy low and sell high. Not all people can get that sign because sometimes, we feel that we can buy at a low price, but then the price will go down for more in the next thirty minutes. If we only analyze from the trend line and the chart, we will not get more signs if the price will go down or not.
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