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

Lanatsa

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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

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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

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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

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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

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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

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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

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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.

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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

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

tbterryboy

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$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.

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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

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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.

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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

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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.

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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.

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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.

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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

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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

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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

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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.

aioc

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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.

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$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.

dunfida

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Quote from: Inkdatar on July 21, 2020, 05:35:10 AM

Quote from: Shimmiry on July 19, 2020, 01:07:43 AM

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.

It does really have some slight movement from 9100+ to 9300+ as of this moment on 24 hours timeframe but this isnt something that people would recognize on.We dont know if this would be a gradual increase or its just an ordinary day on having some small movement in price then goes back ahead on where it did tank? We've been moving sideways below 10k and above 9k price for a while now.
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.

barbara44

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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.

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Quote from: Shimmiry on July 19, 2020, 01:07:43 AM

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.

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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.

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Quote from: GreatArkansas on July 18, 2020, 08:10:12 PM

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.

GreatArkansas

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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.

STT

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Quote

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.

lepbagong

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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.

bearexin

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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.

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Quote from: glowing10 on July 11, 2020, 10:59:30 AM

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.

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Quote from: Lasky366 on July 17, 2020, 01:10:20 PM

$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.

This resistance is the thing that is scaring the bulls right now just like the previous months where the price actually crossed the resistance a multiple number of times but in the end, when it tried to test the resistance it used to fell always if in testing the resistance the price wouldn't have fallen and would have gone up again then I am pretty sure the resistance would have become the support and the bullish market would have started. Let us see what will happen now with this price point, I guess it will be a different day but the same scenario.

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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.

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Quote from: LogitechMouse on July 18, 2020, 05:10:24 AM

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 Grin

; 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.

Quote from: NotATether on July 17, 2020, 03:41:16 PM

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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Quote from: Lasky366 on July 17, 2020, 01:10:20 PM

~

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.

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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.

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$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.

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Quote from: maydna on July 17, 2020, 01:06:51 AM

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.

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Quote from: shoreno on July 17, 2020, 12:30:00 AM

Quote from: maydna on July 15, 2020, 09:01:43 AM

~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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Quote from: maydna on July 15, 2020, 09:01:43 AM

Quote from: okala on July 15, 2020, 02:05:58 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 .

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Quote from: okala on July 15, 2020, 02:05:58 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.

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Quote from: Lasky366 on July 09, 2020, 03:33:43 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.

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Quote from: Lasky366 on July 11, 2020, 10:32:26 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.

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Quote from: beerlover on July 12, 2020, 01:36:42 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.

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Quote from: Desscount on July 12, 2020, 11:43:06 AM

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.

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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.

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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, 09:32:53 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, 09:08:46 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.

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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.

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Quote from: Ridwan Fauzi on July 10, 2020, 08:43:14 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, 02:49:25 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, 03:46:59 AM

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

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Quote from: slaman29 on July 11, 2020, 06:52:56 AM

Quote from: maydna on July 11, 2020, 03:46:59 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.

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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

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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.

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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, 09:13:14 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, 03:46:59 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.

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Quote from: Cherylstar86 on July 10, 2020, 04:52:05 PM

Quote from: Ridwan Fauzi on July 10, 2020, 08:43:14 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.

Even if corona virus still didn't exist, Bitcoin doesn't perform that much since 2019. Though everyone expected that it would reach up to $20k last year and for the first month of 2020 but if failed due to start of pandemic. We should accept this fact that the entire year has no great impact on businesses, much more with cryptocurrency's economic growth.

The start month of this year showed a great sign but because of this pandemic the uptrend movements stop good thing that it's still
holding a good barrier, not being dumped and still holding it's position, we might not see another new ATH this year, even halving
can't push the value to jumped high, but for those optimistic speculators buy and hold still a good move.

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Quote from: Lasky366 on July 09, 2020, 03:33:43 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...

Sorry but that momentum ended yesterday and now another struggle to even go back to 9,300,it is been very tough for Bitcoin trying its best but did not given a chance to make it to 10,000 again.

I hope and pray that at least before this 3rd quarter end we will face the Bull we have been waiting for long.

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

As of this time, bitcoin's already reject from the $9.5k resistance and trading in $9.2k zone. So, it's sure that we are in a stable mode and altmarkets are seems to be in bull mode becasue it's been 3 months since bitcoin's stable between 9k-10k usd dollar zone and alts are doing good performance. Also i won't wonder if bitcoin dump into $8.5k because bitcoin needs a correction of 15-30% from the events of halving and $8.5k price is one of that zone where we can see bitcoin for the correction. After that ,we might see the bull market of Bitcoin, IMO. So, let's hope for the best .

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.

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Quote from: Yamifoud on July 10, 2020, 05:50:02 PM

I'm not sure how the Christmas season brought a change in the market flows but probably we can see some huge pumps on it as the demand will move. Things that are mostly happening during that time.

Even almost half of the year left for Christmas and New Year times, like most others I am as well eagerly waiting for that as there are plenty of chances for bulls to be in full swing action. We are all expecting bullish mode right away that is the reason we are unable to enjoy the current stable prices of bitcoin. It is very rare that bitcoin to be trading within some range and due to slow economy conditions of worldwide, probably we are having relatively stable prices for bitcoins.

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

Also i won't wonder if bitcoin dump into $8.5k because bitcoin needs a correction of 15-30% from the events of halving and $8.5k price is one of that zone where we can see bitcoin for the correction. After that ,we might see the bull market of Bitcoin, IMO.

I remember after halving, bitcoin has tested $8.5k levels more than once, right? I agree we must need a bull back to march forward and these types of corrections are usually following fibonacci replacements; not sure your 15-30% of corrections falls within that, still I guess we have passed the times of corrections and now it is time for getting launched to $11k zone.

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As of this time, bitcoin's already reject from the $9.5k resistance and trading in $9.2k zone. So, it's sure that we are in a stable mode and altmarkets are seems to be in bull mode becasue it's been 3 months since bitcoin's stable between 9k-10k usd dollar zone and alts are doing good performance. Also i won't wonder if bitcoin dump into $8.5k because bitcoin needs a correction of 15-30% from the events of halving and $8.5k price is one of that zone where we can see bitcoin for the correction. After that ,we might see the bull market of Bitcoin, IMO. So, let's hope for the best .

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I don't know that is in the limitation but have to say that we are not yet getting far from that range for almost 3 months. It looks like we are stable now since the virus affects the global economy and given the insight that the price will stick at this price until the end of this quarter. But it never gives some kind of disappointment as $9k-$10k price range is still good. I'm not sure how the Christmas season brought a change in the market flows but probably we can see some huge pumps on it as the demand will move. Things that are mostly happening during that time.

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Quote from: Wilhelm on July 09, 2020, 04:30:41 PM

My experience from the last time this happened it went sideways for very very very very long.
Low volume, no enjoyment whatsoever.....

I agree, but we don't need to be bothered by this long sideways and somewhat boring trend. This is just the normal cycle of any assets, bubble then it will be burst, and that's why there are those people who says that bitcoin market has a 4 year cyclical pattern, although this can be disputed as there are no big data to support this theory. This is just a consolidation to me the post-halving.

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Quote from: Ridwan Fauzi on July 10, 2020, 08:43:14 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.

Even if corona virus still didn't exist, Bitcoin doesn't perform that much since 2019. Though everyone expected that it would reach up to $20k last year and for the first month of 2020 but if failed due to start of pandemic. We should accept this fact that the entire year has no great impact on businesses, much more with cryptocurrency's economic growth.

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Quote from: Lasky366 on July 09, 2020, 03:33:43 AM

Now if the daily candle closes on 9370 then the trend will break and 50 MA will also have a chance to breakout.

I don't know how significant the 50-day MA is at this point.

I had been watching it closely because between November 2019 and May 2020 it was a perfect trend indicator. A candle close above or below the MA predicted the mid-term trend perfectly. See the 2 red hammers and 2 green rockets for examples:

But see the price action inside the yellow box? Since June, we've had 4 fake outs above or below the 50-day MA. The market just isn't reacting to it anymore.

Everyone is waiting for a sustained structural breakout, and honestly that probably won't happen until the stock markets make a decisive move.

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Quote from: minairia3 on July 10, 2020, 07:48:03 AM

Quote from: Oasisman on July 09, 2020, 06:23:59 PM

There were reports I've bumped into the internet that Bitcoin is lossing popularity since the peak in 2017. That is based on the numbers of followers on cryptocurrency related tweets on twitter. I'm not sure if this made some impact, but I think we're still good at the current price movement.

Maybe its true, but if we based it on technical charts, there is no way it can go down fast as it average not distancing on a particular level. But sometime fundamentals analysis greatly influenced so Im not sure what to follow anymore.

Because of the fact that either fundamental or technical analysis won't give an accurate result. In forecasting, the price of Bitcoin will remain speculations to me and we even don't know what exactly happens or where the price headed at.

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.

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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.

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Quote from: Lasky366 on July 10, 2020, 07:23:01 AM

$BTC Daily Update

BTC took a rejection right of the Daily Pivot Point.

We now at the Support Cluster (Support Trendline of an Ascending Channel + Mid Line of the Descending Channel). It's an important point to be held, as if we lose this area we will change the Mid-Term Trend.

Hey Just a pro tip. Instead of going at the naked chart why don't you take some indicator handy. I mean if you could put up a RSI or MACD alongside this you could further get some clarity regarding the probable momentum at this point?
Maybe even a volume analysis could help? i feel that it's long consolidation around this point so you could easily expect a lower RSI here below the oversold area. If this is the case BTC could breakout in upward direction.

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Vave.com - Crypto Casino

Quote from: Lasky366 on July 09, 2020, 07:58:52 PM

Well now there is a Long(Buy) opportunity!

Already set at 9143, will see how it goes, but I am always closing position at least 200 to 300x with a take profit. Do you think it would go down than 9k? Hope not, my set is not that big, so my liquidation is just close. Really taking risk here for 100x leverage.

Quote from: Oasisman on July 09, 2020, 06:23:59 PM

There were reports I've bumped into the internet that Bitcoin is lossing popularity since the peak in 2017. That is based on the numbers of followers on cryptocurrency related tweets on twitter. I'm not sure if this made some impact, but I think we're still good at the current price movement.

Maybe its true, but if we based it on technical charts, there is no way it can go down fast as it average not distancing on a particular level. But sometime fundamentals analysis greatly influenced so Im not sure what to follow anymore.

Lasky366

member

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$BTC Daily Update

BTC took a rejection right of the Daily Pivot Point.

We now at the Support Cluster (Support Trendline of an Ascending Channel + Mid Line of the Descending Channel). It's an important point to be held, as if we lose this area we will change the Mid-Term Trend.

Lasky366

member

Activity: 280

Merit: 43

Well now there is a Long(Buy) opportunity!

Now if 4 hour candle goes above 9250 level & close that level then 3 white soldiers can bee seen.Also there is a possibility to test 200 MA daily moving average if it touch 9340-9400 level.

Oasisman

hero member

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Quote from: coinfinger on July 09, 2020, 04:09:39 PM

Quote from: hulla on July 09, 2020, 02:49:39 PM

With what I'm seeing here some people are already cashing out their profit.

Some may exit and some may enter afresh. All markets do experience that and in my opinion, we never need to bother them. You agree or not, BTC stays stronger and may move into moderate bullish mode at any time.

There were reports I've bumped into the internet that Bitcoin is lossing popularity since the peak in 2017. That is based on the numbers of followers on cryptocurrency related tweets on twitter. I'm not sure if this made some impact, but I think we're still good at the current price movement.
One thing is for sure, this pandemic somehow made a slight effect on the crypto market, and I guess it's also one of the many reasons why Bitcoin deprived to break the psychological resistance level.

Oceat

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Quote from: Mahanton on July 09, 2020, 03:56:34 PM

Quote from: Lasky366 on July 09, 2020, 03:33:43 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..

We are still hovering in 9200+ price. It did able to go in 9400 but it didnt able to sustain its movement and now it do lose up its momentum on at least touching up the resistance.
For now i do see that the price might be stagnant for a while before some re-test would happen. Dumping to 8.9 to 9k isnt really that far though and can happen on next
days to come but who knows? We are keen on technical stuff but we know that precision is always be on question.

In my recent experience, Bitcoin did move back and forth at the price of below $10k, I don't know if it touches back to $10k. I'm tired of looking everyday so I stopped since the price is always running from $9k to $10k it doesn't even get back to touch the $15k which is I've waited for too long. Well, I guess that would happen only during bull market which is I am expecting that will going to happen next year.

osasshem

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From my point of view, I think if the price of bitcoin gets low as $8k, it will have the strength of bouncing back up, but if it goes high as $10k+ it will have a serious effect, as dumpers will want to use the chance to make profit. This also will be a big move for the whales, to make more profits. I think it is okay if for ow it settles withing this range, and see some good moves that will improve the market and also increase the demanddemand. Otherwise, this might take a long time in this price range.

Wilhelm

legendary

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My experience from the last time this happened it went sideways for very very very very long.
Low volume, no enjoyment whatsoever.....

coinfinger

sr. member

Activity: 1638

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Quote from: hulla on July 09, 2020, 02:49:39 PM

i don't see the market breaking the psychological barrier you said or reach $14K price this month/Q4 if we put into consideration the damage done already by the pandemic which is also one of the major things that will impact the market despite the market is full of possibilities.

If there were no pandemic fall down by March month then probably we might be trading near ATH, who know? People do move the psychological barrier toward $11k levels as first speculators indicated $10k as the stronger resistance due to psychological reasons and when market traded above $10k for 2 to 3 days and came down, they shifted the psychological resistance into $10,500 levels. If markets test $10,600 and then come back then people will assume $11k needs to break to assume about bullish market, right?

Quote from: hulla on July 09, 2020, 02:49:39 PM

With what I'm seeing here some people are already cashing out their profit.

Some may exit and some may enter afresh. All markets do experience that and in my opinion, we never need to bother them. You agree or not, BTC stays stronger and may move into moderate bullish mode at any time.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Lasky366 on July 09, 2020, 03:33:43 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..

We are still hovering in 9200+ price. It did able to go in 9400 but it didnt able to sustain its movement and now it do lose up its momentum on at least touching up the resistance.
For now i do see that the price might be stagnant for a while before some re-test would happen. Dumping to 8.9 to 9k isnt really that far though and can happen on next
days to come but who knows? We are keen on technical stuff but we know that precision is always be on question.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Lasky366 on July 09, 2020, 03:33:43 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..

hulla

hero member

Activity: 1834

Merit: 566

Quote from: sana54210 on July 09, 2020, 02:14:47 PM

I read there are crypto related social media challenges are going on viral. So, it seems there are plenty of chances for new crypto adopters and investors even with least capital; by considering the userbase of social media, we can expect them to bring some changes in cryptocurrency market trends. (This must be one of the consequence of pandemic and isolation boredom, let's wait and watch where these hype leads to and ends.)

Bitcoin is exactly following its traditions like just after the halving it remains calm and then slowly will accelerate toward the ATH by Christmas/New Year times. It seems everything is going to be a copy-cat from 2016's halving times into current markets. From this I am expecting the biggest psychological barrier which holds for 2 months may get broken this time, as market may set a new high above $14k levels for the first time since July 2019.

So, probably no more range bound between $9k to $10.4k. Get ready to experience new high of 2020 regardless of pandemic chaos.

The crypto social media challenge gains a lot of awareness because a lot of people have lost their job with the include of boredom but i don't see it as the reason for the current uptrend market cause only the coin that host the contest would be influence by the hype and i don't see the market breaking the psychological barrier you said or reach $14K price this month/Q4 if we put into consideration the damage done already by the pandemic which is also one of the major things that will impact the market despite the market is full of possibilities.

With what I'm seeing here some people are already cashing out their profit.

sana54210

legendary

Activity: 3318

Merit: 1128

I read there are crypto related social media challenges are going on viral. So, it seems there are plenty of chances for new crypto adopters and investors even with least capital; by considering the userbase of social media, we can expect them to bring some changes in cryptocurrency market trends. (This must be one of the consequence of pandemic and isolation boredom, let's wait and watch where these hype leads to and ends.)

Bitcoin is exactly following its traditions like just after the halving it remains calm and then slowly will accelerate toward the ATH by Christmas/New Year times. It seems everything is going to be a copy-cat from 2016's halving times into current markets. From this I am expecting the biggest psychological barrier which holds for 2 months may get broken this time, as market may set a new high above $14k levels for the first time since July 2019.

So, probably no more range bound between $9k to $10.4k. Get ready to experience new high of 2020 regardless of pandemic chaos.

Lasky366

member

Activity: 280

Merit: 43

BTC Looks in short term bullish.Trendline and 50 MA Already breaked out.
BTC Price Breaking 9550 level can hit 9700-9800 level. Heavy residence of 9750 can take Pull back from here to 9200-9300.Let's see what happens

Always do your own research and open position after confirmation!

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

actually what happened was last time price failed to go any lower than $8800 despite all the power that was gathered by all the dumpers and it jumped back up to $9000 and continued rising and now it has reached higher levels which may continue rising or not.

reaching $10k and not breaking it won't change anything and will not mean fast drop to whatever lower price. it simply means the same repeated pattern will repeat again and again until it breaks out and reaches $13k.

Lasky366

member

Activity: 280

Merit: 43

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...

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