BTC next Movement......... - page 4.

cabron

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I thought it would go up continuously after it hit 10K but it seems a crucial indicator for bulls if it crosses that resistance. It doesn't really look like its a bearish move to me, its more like sideways only. It might just drop a bit in the next few days but will spike after. Once its going to cross that 10K again then the price might stay 10K for weeks.

Quote from: SquallLeonhart on June 09, 2020, 01:04:04 PM

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.

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.

More likely saying its all manipulated. Of course it is.

SquallLeonhart

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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.

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.

gantez

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I think I have a view of the bearish but I don't expect a long deep. Looking at the rate of growth of cryptocurrency , the deep might not last because more support will be rallied and it will show more spiking move up.

tbterryboy

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Bitcoin prices are over staying around $9700 regions for longer duration than any other levels which makes to think about "uncertainty" of what is going to happen next. Usually sustaining prices are clear indication of bull markets but this time it looks like bulls are unable to hold above $10k levels which must be the indication for short term pull back.

Probably bulls need more power which means they may start their rally again from $9000 level afresh. I am not seeing any further fall down will be imminent because psychologically traders already got ready to have bitcoin prices above $10k but due to pandemic triggered slow economy could be a reason for not to be trading above $10k levels right now hence 10% down could be meaning full and anything else more than that will not sustain.

LUCKMCFLY

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Well, I think that to be a bearish you need a more exhaustive analysis of the volume, if we go only to the chart level only, some patterns may fail, in my view of the market I think that it increases to test the offer and if there is a lot of the price falls, But the effect of the fundamental Covid-19 is happening, which leads to investors having more confidence in Bitcoin, and in some ways this is very positive.

YOSHIE

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Quote from: Lasky366 on June 07, 2020, 09:18:09 PM

Let's see how this goes......

I can say Bitcoin right now, including the crypto category that survived during the pandemic, I think Bitcoin might be the next and future to become a crypto that is still traded by many people, with this condition only a few sectors survive in the global crypto market.

But with this situation it seems that the power of Bitcoin or crypto as a whole, bitcoin will have a positive impact.
For this time in the recovery of the price of Bitcoin has not been stable in recent weeks, $10,000 is still determined by the congestion zone, so this has not been a definite support for the moment against Bitcoin, I'm sure Bitcoin can go beyond current zone numbers.

jossiel

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Quote from: NeuroticFish on June 08, 2020, 05:01:09 AM

Quote from: Lasky366 on June 07, 2020, 09:18:09 PM

the trend is Bearish

Actually right now the trend is neither bullish nor bearish. So you have 50% chance to be correct with the general short-term trend in your chart (basically because anything can happen).

I'm also thinking of this right now. I thought the sentiment of the market is with bullish since it's broken $10,000 and when it started to correct, then our thoughts was into bearish.

So, this is correct.

It's just par bullish and bearish.

Ridwan Fauzi

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Bitcoin's price has been consolidating for one week after the price went up to $10,400 and dropped to $9200 and now its price is being traded at $9700.

And we don't know exactly what will happen next because if we see in the fundamental side bitcoin should be bullish, there are a lot of good information comes.

But I made a rough conclusion, if bitcoin price goes below $9200 I'll expect bitcoin price will dump and if bitcoin price goes up to $10.500 then I'll expect bitcoin price will find another all-time high.

sheenshane

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That is a normal fluctuation of Bitcoin price, the volatility makes Bitcoin price zigzag motion.

That might be true but for sure there will be resistance if that also will happen that is a good point to accumulate some Bitcoin again and hold.
To be honest, I don't to give an opinion if there is prediction about the bearish trend, because I always think that we are always bullish and it should pick season since halving was already done.

What about this prediction? Analyst Predicts Next Bull Run Will Send Bitcoin to $150K and Ether to $9K. Anyway, thank you for showing your nice TA.

Natalim

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BTC to the MOON in 2019

Thank you for that TA, well, if Bitcoin will drop, it's just normal as bitcoin has been moving sideways lately.
And if it's for the preparation of a bullish run, I am hoping that will happen,..

All our prediction could be right or wrong only, but for me, I see that the market this year is overall bullish.

Jating

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Quote from: NeuroticFish on June 08, 2020, 05:01:09 AM

Quote from: Lasky366 on June 07, 2020, 09:18:09 PM

the trend is Bearish

Actually right now the trend is neither bullish nor bearish. So you have 50% chance to be correct with the general short-term trend in your chart (basically because anything can happen).

Right, we are just trading sideways, so this pattern might go on for weeks or months before another break out could happen.

I do agree though that in order to get the price to somewhat increase, it needed another correction and see how low can we get before expecting another bounce back. We already started this week and so far no break out run (either going up or down) is on the horizon.

NeuroticFish

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Quote from: Lasky366 on June 07, 2020, 09:18:09 PM

the trend is Bearish

Actually right now the trend is neither bullish nor bearish. So you have 50% chance to be correct with the general short-term trend in your chart (basically because anything can happen).

Oasisman

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Well, to be honest It's good to see a price dump in a $7,000 or $8,000 region, because this is a perfect opportunity to accumulate more before everything recovers from the pandemic. Certainly, Bitcoin is bound to be in a bull season sooner or later.
A good dump will always have a corresponding good pump, specially when everyone is so optimistic about the post halving price.

Let's just see what will be the next Bitcoin movements.

jackg

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https://bit.ly/387FXHi lightning theory

I'm uncertain about the next movements with bitcoin still and the charts look void of support until the 7000 region after 8700 so if we go through it we might have far to fall.

On the upside, there's talk of another stupid gap at 11.9k afaik that may end up being filled like all the rest seemed to (although these gaps seem a lot like people trying to clutch to what they have when they run out of other ideas to trade on)...

Lasky366

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BTC / USD Technical Analysis

In the Recent BTC Chart shown it will try To pullback from the zone or demand zone . Although the trend is Bearish. So in my opinion the demand zones will continue to break down And a little rising movement can be seen in the zone And can dump up to a maximum of 8700 Then a good pump can be expected from there.

Let's see how this goes......

Topic: BTC next Movement......... - page 4. (Read 1069 times)