BTC Keeping it's limitaion Between 9--10K - page 3.

shoreno

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Quote from: maydna on July 15, 2020, 10:01:43 AM

Quote from: okala on July 15, 2020, 03:05:58 AM

I do agree with the trend line you have put in place and the probability breakout level set. The next breakout is going to have huge impact on the pricing and bitcoin might lose or gain over 30% after the breakout. I am watching to see what happens next.

But unfortunately, we don't have any sign when that happens in the next because bitcoin moves without we can predict accurately. It could happen this month or next month or even next year, but the important thing is we need to be ready because the breakout can happen anytime. The price itself from a few days ago doesn't move significantly, and even if the price increases for a small price, it will be back to the last lower price, and that happened many times. So you need to be careful if you want to trade because no one knows when bitcoin can touch the lowest price.

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 .

maydna

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Quote from: okala on July 15, 2020, 03:05:58 AM

I do agree with the trend line you have put in place and the probability breakout level set. The next breakout is going to have huge impact on the pricing and bitcoin might lose or gain over 30% after the breakout. I am watching to see what happens next.

But unfortunately, we don't have any sign when that happens in the next because bitcoin moves without we can predict accurately. It could happen this month or next month or even next year, but the important thing is we need to be ready because the breakout can happen anytime. The price itself from a few days ago doesn't move significantly, and even if the price increases for a small price, it will be back to the last lower price, and that happened many times. So you need to be careful if you want to trade because no one knows when bitcoin can touch the lowest price.

okala

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Quote from: Lasky366 on July 09, 2020, 04:33:43 AM

Last time BTC is rejected from trendline and dumped up to almost 9200.Now it is trying to break the trend line for the second time.Now if the daily candle closes on 9370 then the trend will break and 50 MA will also have a chance to breakout.
So now there is an opportunity to test 9700-9900. But if it fail to do that, there may be an chance to instant dump at 8900-9000.

Let see how this goes...

I do agree with the trend line you have put in place and the probability breakout level set. The next breakout is going to have huge impact on the pricing and bitcoin might lose or gain over 30% after the breakout. I am watching to see what happens next.

NotATether

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Quote from: Lasky366 on July 11, 2020, 11:32:26 AM

[ img]https://imgbb.online/images/2020/07/11/IMG_20200711_213111_256.jpg[/img]
$BTC Daily Update

📌 Gonna be interesting soon.. Remind that on Daily we went under the Pivot Point and now it's time for either a reversal of the trend if we break out of an Ascending Channel to downward. Or return back on track (for this breakout of descending channel to upward & breakout of the pivot point are required)

Tradingview looks like an interesting and comprehensive chart maker, but I can't figure out how to add ascending and descending channel triple-lines to the chart. I'm sure explaining what these two terms are will help many of us better understand which parts of the chart are important.

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This is a great analysis and I am not expecting BTC to go lower than $8500 in a worse case scenarion. Things still look bulish for BTC is a short time immediatelt it breaks this accumulation stage.

Lanatsa

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Quote from: beerlover on July 12, 2020, 02:36:42 PM

There are times when bitcoin is stable and doesn't move too much, people think that bitcoin is a volatile currency but in reality whenever there is a price movement that is usually not a price movement that is constant and for a long period.

Normally bitcoin stays around the same price for a looooooong time then it moves like 50% higher and 50% lower and so forth in order to change, for example if we take the current price, it could stay $9k for like 3 months, then go to $4k and then to $12k and back to $9k in just 2 weeks, and stay at $9k for couple more months. This is why I keep trying to say people that the volatile nature of bitcoin is not constant and always, it is something that happens time to time and we should be waiting for that time, not expect it to move all the time.

Or shall we say this is moving sideways but not really talking about stable thing because if we do talk on that manner then it doesnt move on big percentage in a long period of time.

We know that the current price movement wouldnt really be that high but doesnt mean that it do only limit out the price movement. We are on a pandemic situation

which is understandable that money wouldnt really easily flow to this market but pretty sure that it happen but no one would ever know.

pixie85

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Quote from: Desscount on July 12, 2020, 12:43:06 PM

it seems like lately the price of Bitcoin will look attractive, I really still see and monitor the price of Bitcoin,
and still go to Altcoin, because if seen Altcoin has a high chance for more profit

And also a higher chance for a much bigger loss since the market cap for most coins is so low and it takes only a few thousand dollars to move the price.

With altcoins you're not only betting on Bitcoin going up but also on the given altcoin remaining popular long enough for Bitcoin to pump and take it along for the ride.

BTC will break 10 thousand eventually but are you all altcoin investors ready to wait holding those alts until it happens and will your alts still exist when that happens is what you should think about.

beerlover

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There are times when bitcoin is stable and doesn't move too much, people think that bitcoin is a volatile currency but in reality whenever there is a price movement that is usually not a price movement that is constant and for a long period.

Normally bitcoin stays around the same price for a looooooong time then it moves like 50% higher and 50% lower and so forth in order to change, for example if we take the current price, it could stay $9k for like 3 months, then go to $4k and then to $12k and back to $9k in just 2 weeks, and stay at $9k for couple more months. This is why I keep trying to say people that the volatile nature of bitcoin is not constant and always, it is something that happens time to time and we should be waiting for that time, not expect it to move all the time.

Desscount

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it seems like lately the price of Bitcoin will look attractive, I really still see and monitor the price of Bitcoin,
and still go to Altcoin, because if seen Altcoin has a high chance for more profit

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Quote from: bitbunnny on July 12, 2020, 10:32:53 AM

It's hard to say that this is the limitation but Bitcoin keeps this price range more than 3 months.
Even when the 10000$ barrier was broken it didn't last for long. Many expected strong price rise afzer the halving but that didn't happen either.
To my opinion pricr range between 9000$ and 10000$ will continue to hold for longer period of time, maybe even all the way to the.end of the year so I don't expect to see some bigger changes.

Yes, it is very strange to see bitcoin to be trading within same price zone for 3 months. This simply depicts how worse the current economy slow down has hit into all the markets. I guess we are lucky that we have enough investors to keep bitcoin prices to be trading somehow stable compared to how stocks are struggling in most countries. So, this limitation among the current scenarios must be too good compared to falling markets in 2018.

I just wonder what would have happened if pandemic happened by 2018 when bitcoin markets was already into falling conditions after 2017's unimaginable rally? I guess most people might have rushed to book profits before anyone else which might have driven prices to below $1k as well. Again we must feel lucky because we have pandemic and slow economy by the year of halving Cheesy

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Quote from: kentrolla on July 12, 2020, 10:08:46 AM

I would say BTC is performing good even in tough times like this, the market is looking stable from few months and you can't expect a short-term profit in real quick time.

Don't believe in marketing hype or media and invest in crypto because it's purely a long-term asset, just hodl and wait for your turn things will get better in couple of days.

Extremely well if we take millions of dollars in Bitcoin mined every single day. Some people must be buying every single day to keep Bitcoin above $9k.While for an average asset a stable price is easy to acievie it's not like that with Bitcoin that is constantly mined by people who paid a lot of money for equipment that was supposed to bring them big money right after the halving. Unfortunately despite reduced rewards we don't see any big pumps in price. I'm actually amazed that we were able to reach 14k a year before halving and can't even stay at 10k now.

bitbunnny

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It's hard to say that this is the limitation but Bitcoin keeps this price range more than 3 months.
Even when the 10000$ barrier was broken it didn't last for long. Many expected strong price rise afzer the halving but that didn't happen either.
To my opinion pricr range between 9000$ and 10000$ will continue to hold for longer period of time, maybe even all the way to the.end of the year so I don't expect to see some bigger changes.

kentrolla

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Quote from: Ridwan Fauzi on July 10, 2020, 09:43:14 AM

I have more expectation at that time because as you say if bitcoin break the trendline then we will see bitcoin price going up to $9700 but it was just a trap and I lost my money at that time. I forgot to wait for the next candle (confirmation) and I just entry when the candle broke the trendline. Seeing some information in several media stock market is falling as well due to coronavirus again and I just think that it will take a long time for bitcoin price goes to $10.000 again.

I would say BTC is performing good even in tough times like this, the market is looking stable from few months and you can't expect a short-term profit in real quick time.

Don't believe in marketing hype or media and invest in crypto because it's purely a long-term asset, just hodl and wait for your turn things will get better in couple of days.

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Quote from: Untomabur on July 11, 2020, 03:49:25 PM

if it's true that Bitcoin will be in the area of $ 9000 - $ 10000,
I think it's safe to enter in altcoin, I hope that Bitcoin will not dump Grin

Already some alts give traders huge profit beacause btc is performing the sidemoving pattern and alts are ready to show some green signs. But, it's also important that we need to do careful about the alts because all alts will be in red if bitcoin suddenly make huge pump/dump. Also it's good for those future/leverage traders who are playing with bitcoin's sidemoving pattern and increasing their portfolios.

Quote from: maydna on July 11, 2020, 04:46:59 AM

Quote from: Review Master on July 11, 2020, 02:01:27 AM

<---snip-->

But bitcoin will have the chance to go down, and we don't know how deep bitcoin prices will go down. I don't expect to see bitcoin price go down too far below $9k, but if that happens, I hope that is just because a flash dump so the price will be back to up to $9k.

Yeah, that's also possible and this thing already happen in this year when Bitmex leverage liquidity machine unable to perform and btc suddenly dump to $3.8k and again back to pump which might be the bottom of BTC, IMO.

maydna

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Quote from: slaman29 on July 11, 2020, 07:52:56 AM

Quote from: maydna on July 11, 2020, 04:46:59 AM

~snip~

It's all going to be a blip in the big picture when something huge eventually does happen. Oh and it will, today, tomorrow, next month, next year. Problem is not whether or not we'll experience a huge market shift, the problem is will we be prepared when it happens? I'm prepared for both in a way. If it crashes, great, I earn more btc.

I am sure we will be ready for that, and I believe that many people now still preparing themselves for that moment. Hopefully, there will be a good sign for the next week, so bitcoin price can be back to increase to the high price. Bitcoin price still not moving so high or low since yesterday, and it tends to stable at the $9,200 level price. The other case is the price will still move up and down to that level price until the end of this month, but the price will start the rally in the next month.

Untomabur

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if it's true that Bitcoin will be in the area of $ 9000 - $ 10000,
I think it's safe to enter in altcoin, I hope that Bitcoin will not dump Grin

glowing10

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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.

Lasky366

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$BTC Daily Update

📌 Gonna be interesting soon.. Remind that on Daily we went under the Pivot Point and now it's time for either a reversal of the trend if we break out of an Ascending Channel to downward. Or return back on track (for this breakout of descending channel to upward & breakout of the pivot point are required)

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Quote from: sheenshane on July 10, 2020, 10:13:14 AM

Indicators like what OP showed will also help but we can't fully rely on this. Every one of us can draw and flatten the previous chart in Bitcoin price and share our prediction. Usually, I'm particularly considered through the news and event that might have an impact to the price.

Traders reliance depend on technical analysis, yeah maybe its not accurate but if you did some trading using these indicator, you dont need to check every day news or hype, cause even though its not accurate, it can give you a sense of direction or possible market movement.

Fundamentals are also great indicator but its not everyday there is a bitcoin pizza day that will help to speculate its price. While TA has MA, RSI, also if your good on fibonacci sequences, price movement is not hard to predict where to go. Im not an expert but it helps me on doing future tradings. For long term, maybe this is ideal, but Ive played with my funds too so its more important for me.

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Quote from: maydna on July 11, 2020, 04:46:59 AM

It seems bitcoin needs more time to break $9,500, but we already saw that bitcoin price could break $9,400 before, so the chance to increase so high will still wide open. The price still at the range of $9,100-$9,400. From the last month, the price is up and down to that range. But we might see something at this Q3 or Q4, and hopefully, the price will be able to break $9,500, so it can have more chances to go to $10k.

But bitcoin will have the chance to go down, and we don't know how deep bitcoin prices will go down. I don't expect to see bitcoin price go down too far below $9k, but if that happens, I hope that is just because a flash dump so the price will be back to up to $9k.

It's all going to be a blip in the big picture when something huge eventually does happen. Oh and it will, today, tomorrow, next month, next year. Problem is not whether or not we'll experience a huge market shift, the problem is will we be prepared when it happens? I'm prepared for both in a way. If it crashes, great, I earn more btc.

Topic: BTC Keeping it's limitaion Between 9--10K - page 3. (Read 871 times)