What I am observing now on Bitcoin is its momentum.
By the first week of July if we rely on the RSI. How about the weekly chart of it? Long run I think we are going downward that's what I speculate that will happen for Bitcoin, I'm not that bullish within this year. 
Topic: BTC next Movement......... - page 3. (Read 1073 times)
Nice chart OP!
What I am observing now on Bitcoin is its momentum.
If you will check the RSI of it, we are still not oversold and not overbought, we are still neutral.
For me, we still have more room for upside price actions, especially we got a divergence on RSI, good news for Bitcoin.
What I am observing now on Bitcoin is its momentum.
If you will check the RSI of it, we are still not oversold and not overbought, we are still neutral.
For me, we still have more room for upside price actions, especially we got a divergence on RSI, good news for Bitcoin.
The way these lines squeeze together and on the low we try to breach 50 day average but return right back up here. This could breed complacency in the ranks I think, yes its staying up but why sideways and why resist building on this bounce each time. I think its losing energy but once again I have to watch and learn before I can really see which conclusion is correct because sideways means anything is possible.
I do speculate the next movement is downwards but I just imagine many take profits after gaining previously not that it lasts down exactly.
A proper build would keep above the surface of these averages, we are below and price action has something prove still. Its battle between short term where we are a bit worn out and 50 day which includes momentum of the spring recovery.
I do speculate the next movement is downwards but I just imagine many take profits after gaining previously not that it lasts down exactly.
A proper build would keep above the surface of these averages, we are below and price action has something prove still. Its battle between short term where we are a bit worn out and 50 day which includes momentum of the spring recovery.
after a decline of almost $ 8k, the price of bitcoin returned to $ 9500. it's good enough for those who realize and utilize the moment. so far, I can only assume that the price of bitcoin is very stable at $ 9000. if there is a decrease in price, maybe the price will approach the price of $ 8k as it just happened, and if there is an increase in price, the price can approach the price of $ 10k, but I think it's not the time for the price of bitcoin to reach that level.
People are too afraid after the prices fell down today and I totally understand the logic, I would be scared too if I didn't see this too many times in a row. However I have been here long enough to know that when bitcoin wants to drop it drops, you can't stop it, you can't slow it down, whenever it wants to drop it drops. The thing about bitcoin not going down or up is the fact that usually that means it is pondering, the investors and traders are all just checking what would be the best way to go.
There is really not that much money to be made from either direction right now, whenever there is too much futures in one side they go other side because that way you can definitely get the money of everyone else on the other side, but right now it is all staying around the same looking at each other.
There is really not that much money to be made from either direction right now, whenever there is too much futures in one side they go other side because that way you can definitely get the money of everyone else on the other side, but right now it is all staying around the same looking at each other.
That TA that posted by the OP can be possible too.
The only indicator for me that will tell if the trend reverses from bullish into bearish already is the 200 Daily MA which is now sitting at around ~$8200 and this is a huge support for me. The resistance of Bitcoin right now is its previous high which is near the $10,200 price.
The only indicator for me that will tell if the trend reverses from bullish into bearish already is the 200 Daily MA which is now sitting at around ~$8200 and this is a huge support for me. The resistance of Bitcoin right now is its previous high which is near the $10,200 price.
The trend is bearish, because now we have something called Bitmex, determining how the market moves.
No platform or analysis out there that can give out precise predictions towards bitcoin movement.It all matters with demand and some mix of fomo and fud, this is why its always been an unpredictable stuff.
We have seen the waves for this week, it might not really big in numbers of changes but we are tanking or hovering around between 9k and 10k price. Next move?
Neither of the two because price might able to break resistance and supports on next hour,day or into the next.
I've never seem derivatives causing a bullish movement.
If I see Bitmex pumping the price some day, I will not have any problem in saying I was wrong.
But until then, the sole purpose of derivatives and "legitimation" is to destroy the project.
I am not based on TA, but on fundamental analysis, but in this case I agree with the author of the starting post. It seems to me that the economy has begun to experience the influence of long-term crisis factors and this will directly affect the price of bitcoin. The stock market experienced a correction, even with the unlimited support of governments. In the case of bitcoin, a tougher scenario is very likely.
The trend is bearish, because now we have something called Bitmex, determining how the market moves.
No platform or analysis out there that can give out precise predictions towards bitcoin movement.It all matters with demand and some mix of fomo and fud, this is why its always been an unpredictable stuff.
We have seen the waves for this week, it might not really big in numbers of changes but we are tanking or hovering around between 9k and 10k price. Next move?
Neither of the two because price might able to break resistance and supports on next hour,day or into the next.
The trend is bearish, because now we have something called Bitmex, determining how the market moves.
In between, I am not seeing $9000 to be broken but I had lots of experiences where all my analysis got proven wrong even I tried to speculate as per psychologies of traders and investors. After testing above $10k for 2 times, $9000 should remain a stronger support region, let's watch how market reacts on these pandemic times.
When speculating we must find first any relevant events that could potentially influence the price of Bitcoin, before speculating on the market sentiments. Charts might become useless if we purely base our speculations on the price movements. However, If there are a lot of people who are following a certain TA, then that would as well influence the price.
The pandemic will be staying for a while until there's no vaccine and this will be one of a few major reason for Bitcoin to hold onto a certain region, or worse fall again.
Its not a confirmed bear trend, we've only just entered the boundaries of suggesting a bullish trend may have altered or no longer be the case. If the market were to reverse the recent move by Sunday it would be erased pretty much and continue on as if it didnt happen.
I dont think that happens but its very possible we confirm the break, so I do expect price to rise from beginning of today and maybe further. Next week we might see proper negative action, ideally I could enter this short on late Sunday but not sure I would time it right tbh.
I dont think that happens but its very possible we confirm the break, so I do expect price to rise from beginning of today and maybe further. Next week we might see proper negative action, ideally I could enter this short on late Sunday but not sure I would time it right tbh.
We may see $8700 region once again as per your analysis? I am little disappointed because I do not have any savings left to add some more bitcoins at those dips 
. I guess people like me are who are not opting to sell to catch short term pull backs may got nothing to do with these kind of analysis unless otherwise there would be a surprise bonus from regular job.
In between, I am not seeing $9000 to be broken but I had lots of experiences where all my analysis got proven wrong even I tried to speculate as per psychologies of traders and investors. After testing above $10k for 2 times, $9000 should remain a stronger support region, let's watch how market reacts on these pandemic times.
. I guess people like me are who are not opting to sell to catch short term pull backs may got nothing to do with these kind of analysis unless otherwise there would be a surprise bonus from regular job.In between, I am not seeing $9000 to be broken but I had lots of experiences where all my analysis got proven wrong even I tried to speculate as per psychologies of traders and investors. After testing above $10k for 2 times, $9000 should remain a stronger support region, let's watch how market reacts on these pandemic times.
Yesterday the price of BTC re-tested the $ 10k zone and it continued to be a strong resistance area. Now it continues to trade at $ 9k8 and is still sideway there. In the near future, I still think that the price of bitcoin will plummet once again to about $ 7k8 and then grow again. The weekly candle is showing that and we just need to wait for a good time to make Big short and win big.
Bitcoin price has been consolidating for the last week. One week ago the next move reck of the cryptocurrency denomination, After bitcoin movement is anthropophagous, Because next day i mean june 30 bitcoin price $10000 up i think. Now i look forward a useful price activity some time within the next day.
I am giving you a merit because unlike most of the threads in the speculation sections yours actually includes a chart and you sort of know what you are talking about. I agree with most of the demand areas you drew, however keep in mind this is crypto and usually what happens if the first demand area doesn't hold then either will the other 2.
Most like it will drop further or it will form a demand area somewhere else either front-running one of the others. These supply and demand areas seem to work best in forex or stocks but in crypto there are many traps in areas such as those. There is still a chance we might retest $10000 one more time and if it doesn't break this time then most likely we will head to the $8K area again.
Most like it will drop further or it will form a demand area somewhere else either front-running one of the others. These supply and demand areas seem to work best in forex or stocks but in crypto there are many traps in areas such as those. There is still a chance we might retest $10000 one more time and if it doesn't break this time then most likely we will head to the $8K area again.
Well thank you for giving that. Truly speaking I always publish any of my spectulation or even anything I try to show through chart or picture for better understanding. And Funny thing is I get my 1st merit posting Spectulation & that is from you.
here is some example :
https://bitcointalksearch.org/topic/m.54068442
https://bitcointalksearch.org/topic/now-lot-of-things-to-focus-on-btc-5251909
https://bitcointalksearch.org/topic/let-me-introduce-some-indicators-that-i-know-5251496
https://bitcointalksearch.org/topic/lets-see-if-btc-re-test-9500-zone-5250509
https://bitcointalksearch.org/topic/btc-price-might-drop-now-5249037
https://bitcointalksearch.org/topic/is-tnt-in-a-good-position-to-buy-5248121
https://bitcointalksearch.org/topic/lets-keep-eye-on-neo-5246820
https://bitcointalksearch.org/topic/10k-bitcoin-is-very-much-possible-for-now-5246655
Yeah that could happen. Its very much possible. This is been several try but couldn't breakedout Let see..How this goes folk
I am giving you a merit because unlike most of the threads in the speculation sections yours actually includes a chart and you sort of know what you are talking about. I agree with most of the demand areas you drew, however keep in mind this is crypto and usually what happens if the first demand area doesn't hold then either will the other 2.
Most like it will drop further or it will form a demand area somewhere else either front-running one of the others. These supply and demand areas seem to work best in forex or stocks but in crypto there are many traps in areas such as those. There is still a chance we might retest $10000 one more time and if it doesn't break this time then most likely we will head to the $8K area again.
Most like it will drop further or it will form a demand area somewhere else either front-running one of the others. These supply and demand areas seem to work best in forex or stocks but in crypto there are many traps in areas such as those. There is still a chance we might retest $10000 one more time and if it doesn't break this time then most likely we will head to the $8K area again.
The price of Bitcoin right now just made your price forecast for Bitcoin invalid. You were basically showing that there was a resistance level just above the 9,600$ level where Bitcoin "failed" when it re-tested it well now Bitcoin's price is currently 9,759$ in Preev which just shows that we aren't in any kind of downtrend as of the moment but in fact we are still consolidating in the mid to high 9,000$ level.
I think you should probably analyse it as him saying this COULD happen SOMETIME in the future, most TA aren't saying it's going to happen straight away. The CME futures gap people kept going on about took 6 months to fill a while ago for example, it doesn't exactly mean suggesting that was invalid it means that it wasn't at that particular time. Also if you are trying to point out a head and shoulder pattern I believe that it is getting invalidated by the day since Bitcoin hasn't been below in the 9,000$ for a long time now.
I think if this looks like a head and shoulders (which was pointed out on another thread here), we're still firmly in the head part and await the next shoulder. I hope you are just really analyzing the chart here and is not spreading FUD for the members to start panicking.
I assume that's what they're doing, some TA is helpful even if not directly in trying to get others to understand something about doing it themselves if they don't know what they're doing.
There's enough FUD in both directions though (up and down) which may partially be what's causing us to move sideways, no group atm are making a decisive claim of us going up or down atm.
I do like these threads, they're quite helpful at determining peoples' sentiment on the current market also...
The price of Bitcoin right now just made your price forecast for Bitcoin invalid. You were basically showing that there was a resistance level just above the 9,600$ level where Bitcoin "failed" when it re-tested it well now Bitcoin's price is currently 9,759$ in Preev which just shows that we aren't in any kind of downtrend as of the moment but in fact we are still consolidating in the mid to high 9,000$ level. Also if you are trying to point out a head and shoulder pattern I believe that it is getting invalidated by the day since Bitcoin hasn't been below in the 9,000$ for a long time now. I hope you are just really analyzing the chart here and is not spreading FUD for the members to start panicking.
Well, the biggest trouble is no matter which direction you look at the charts, no matter how well you know your indicators, no matter how well you can read the future, the price of bitcoin all depends on the people with money, either bitcoin or fiat, they are the ones who decide it. There is no indicator of me deciding to sell, nor for me to buy, which means markets could never predict whenever I will want to buy or sell.
Supply and demand.Obviously that is why bitcoin price is so volatile, it does move up and down with insane spreads since it could never be predicted and people are following whatever bandwagon we have at that moment. Hopefully we will go up, I have a big saved aside and I have been wanting to cash out and buy some stuff for a while but I will wait until at least $12k.
Bitcoin is a good asset, but people tend to forgot how unstable it is. We all do love to see TA in this community, but as the saying goes, there's no guarantee as where the price will go, so for me there are only two likely scenarios: either go up or go down. TA will just validated the facts, let's see if it can get to $12k. Jump to: