BTC on another breakout | Bitcointalksearch.org

Roachgo04

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Quote from: Faruque312 on February 25, 2018, 12:59:48 PM

we can not predict about bitcoin price see now, its depend on market prices,like buy and sell order, if the buy order is big then sell order then we can understand btc price will up now. same in sell ordrs.

If you truly devoted to study the technical analysis you can have a clue on what price level you are expecting for the next succeeding days or weeks. If you back read my comment last February 24, you can notice that the price range I was expecting was same as the performance last week [0.382 (11,556.26) and 0 (6,521.26)].

As of today the resistance level is at 11,700 USD while the support level is 9,200 USD. This is the next week trading range we are expecting. And if the price will suddenly move at 13K USD the price of bitcoin at the end of March is 14,500 USD. But if the price will not reach the 13K USD at the 2nd week of March the price of BTC at the end of the month is 12,500 USD.

skwal95

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IMO, going straight through 0.38 would have been the most bullish/improbable/dangerous scenario.

Now at 0.23 it could bounce to start a wave C in uptrend.

Faruque312

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we can not predict about bitcoin price see now, its depend on market prices,like buy and sell order, if the buy order is big then sell order then we can understand btc price will up now. same in sell ordrs.

Pamadar

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Quote from: cryp24x on February 25, 2018, 11:15:06 AM

Seeing Bitcoin on another dip today, kinda surprising because It hought bitcoin will be having a huge breakout and recover from its dip to at least $15k this month. I think the market is already bullish then all of a sudden price goes down. I wonder what made the price crash this time. Have not been updated since the other day so I guess I have to read news again and know the reason behind the current dip.

Same thing that I thought, after seeing some bullish movements I was also expecting this to continue though I'm not expecting t to go that high right away but I was thinking to see 13k$ and got some steady value from there, as another month is approaching maybe its just giving us opportunity to
buy or wait even dipper to accumulate much more coins.

wantjokull

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Intersting! Your break out line actually making some sense in todays date. The break out line is properly pointing towards the current fall in price and that is around 6.5K USD I believe. However we are still nearby 9.5 K USD so thats far from happening but it will happen for sure. The market trend is going downward only and as we know very well how people behave when such down slope starts arising, they panic! This will add another bit for the down slope and then it will get stabilised somewhere at your trend line. I am no expert in this as well but I know the analysis is getting match up with the current line of horizon. Good analysis we need to see some more often. Cheesy

Miracleismyidol

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

I believe the price of bitcoin will be hard to come back in the coming days, it can be seen that yesterday after the price of bitcoin recovered to the $ 10400 level immediately fell sharply and broke the trend up. That suggests that the current trend of bitcoin is the price drop. I really doubt the future of bitcoin.

danherbias07

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I dont know about the marks since I dont do technical analysis like that.
Yes I do look at the charts and I have only one conclusion for myself.
It always tells me that once bitcoin hits one number specially up, it always goes back there. It is like a rubber being pulled back up.
This falls is just something like a rest day for bitcoin, eventually something big will happen again and more investors will be coming to buy bitcoin making its price valuable again.

cryp24x

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Seeing Bitcoin on another dip today, kinda surprising because It hought bitcoin will be having a huge breakout and recover from its dip to at least $15k this month. I think the market is already bullish then all of a sudden price goes down. I wonder what made the price crash this time. Have not been updated since the other day so I guess I have to read news again and know the reason behind the current dip.

wildflower18

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Quote from: Xenrise on February 24, 2018, 11:05:28 PM

Yes and after a breakout there goes the big dip again that made bitcoin reach 9000 usd mark. The fud that actually existed affected bitcoin so bad. And I don't know why is that, bitcoin can't recover out of it.

Btc is on another breakout these days it can't fully recovered. Im not also an expert trader but the signals seems can't go into bullish trend. Yes fuds the reason's why others come into selling of their coins. Hoping this coming weeks we can see bitcoin price into bull trend.

keanne_isaac

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Quote from: baconlike on February 25, 2018, 09:40:02 AM

Today bitcoin prices have continued to fall below $ 10,000. It went against your expectations. I think the bitcoin market is hard to invest. Many predicted that the crypto market would break out in 2018. But in the first two months of 2018, almost all of the altcoins fell, including the BTC. In the future, I think the price of BTC is difficult to increase.

If you are following Bitcoin price history every first few months of the year Bitcoin is dropping though in the long run it recover. if it keep falling today it doesn't mean it will continue till end of the year. current market condition for crypto is bearish and once is over bullish may come in and that's the cycle of trading once goes up it also goes down to correct its price.

baconlike

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Today bitcoin prices have continued to fall below $ 10,000. It went against your expectations. I think the bitcoin market is hard to invest. Many predicted that the crypto market would break out in 2018. But in the first two months of 2018, almost all of the altcoins fell, including the BTC. In the future, I think the price of BTC is difficult to increase.

gabbie2010

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Quote from: Bolt Brownie on February 23, 2018, 12:20:10 PM

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

Unfortunately bitcoin couldn't break the resistance at $11200 which resulted to a pullback hence btc price often defies technical analysis, it's very obvious that the price of bitcoin tends to align with fundamental analysis I.e FUDs are the driving forces that tend to push the price breaking any resistance or support.

Xenrise

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Yes and after a breakout there goes the big dip again that made bitcoin reach 9000 usd mark. The fud that actually existed affected bitcoin so bad. And I don't know why is that, bitcoin can't recover out of it.

Manuj

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It is better if you also include in your chart analysis the time target for this breakout of Bitcoin. So far, everything looks bad in the price movements of Bitcoin. Five days have passed since you made this analysis, we have yet to see the breakout. I hope it happens soon. My own rough target for Bitcoin within the month of February is only $12,000. That is a realistic goal already. But still there will be a very strong resistance in $11,000.

zmkriel

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Quote from: Reatim on February 20, 2018, 07:59:57 AM

Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

Same as you, i am i am no expert in trading aswell but very much willing to learn step by step. I just nortured my ideas by just reading threads and also by searching online and googling.

And yes breakout has been redundant which very normal and it gives way for the newbies in trading to buy cheaper coins to trade. Anyway bitcoin can easily recover some losses.

Semaj123

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Quote from: btc_angela on February 24, 2018, 08:11:49 PM

Quote from: chris200x9 on February 24, 2018, 06:15:24 PM

Quote from: michkima on February 24, 2018, 05:58:26 PM

Nah, I think the decline is still brought about by some people that wanted to bring down the price of bitcoins. Right now we can't expect it to grown unless they had enough bitcoins they want to hold then they'll probably start pumping the price. But generally it should not last long as the cost of maintaining FUD is still expensive.

This recent decline has given the opportunity to many new investors to buy Bitcoins at cheaper prices. Once bad news about cryptos stops then we can see the price movement faster again until that these ups and downs are common. I think we are still not fully ready to reach even 15K mark soon.

Sad though to see that crypto is really suffering and continue to bleed at this very moment. But hey, its another opportunity to get it while its in dip and accumulate more bitcoin.

I think $12K is the mental barrier now. If I'm not mistaken, we have been trying to break that wall for the last week or so but it looks like we are not going to go there because a market correction occur. A bull run is needed, but I'm not hoping to see it happening anytime soon. Let's just hope though that we are going to bounce again and go above $10K and see how it goes.

That's true, this is our opportunity to buy some btc while the price is reasonable. This year, the speculated price of btc is said to be 3x than the previous year. Which means that if we buy now, there is a possibility that we can gain huge amount of profit. We have to be patience and should always trust the power of btc.

btc_angela

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Quote from: chris200x9 on February 24, 2018, 06:15:24 PM

Quote from: michkima on February 24, 2018, 05:58:26 PM

Nah, I think the decline is still brought about by some people that wanted to bring down the price of bitcoins. Right now we can't expect it to grown unless they had enough bitcoins they want to hold then they'll probably start pumping the price. But generally it should not last long as the cost of maintaining FUD is still expensive.

This recent decline has given the opportunity to many new investors to buy Bitcoins at cheaper prices. Once bad news about cryptos stops then we can see the price movement faster again until that these ups and downs are common. I think we are still not fully ready to reach even 15K mark soon.

Sad though to see that crypto is really suffering and continue to bleed at this very moment. But hey, its another opportunity to get it while its in dip and accumulate more bitcoin.

I think $12K is the mental barrier now. If I'm not mistaken, we have been trying to break that wall for the last week or so but it looks like we are not going to go there because a market correction occur. A bull run is needed, but I'm not hoping to see it happening anytime soon. Let's just hope though that we are going to bounce again and go above $10K and see how it goes.

Koro-Sensei

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Quote from: ipbitrung01 on February 24, 2018, 03:56:52 PM

Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

You can see that bitcoin prices started to rebound after touching $ 6000 last month. At present, bitcoin has recovered to $ 9800 and is still on the rise. I think the bitcoin price could come back to the $ 20000 level next month with a strong rebound as it is at the moment. So this is a great time to buy bitcoin.

I think it is still not recovering from the last damage on this year. We can say that it flucatuated aggressively this month that doesn't mean BTC can work all the way up. There is some probable issues on bitcoin i think trust issues maybe well just maybe though.

chris200x9

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Quote from: michkima on February 24, 2018, 05:58:26 PM

Nah, I think the decline is still brought about by some people that wanted to bring down the price of bitcoins. Right now we can't expect it to grown unless they had enough bitcoins they want to hold then they'll probably start pumping the price. But generally it should not last long as the cost of maintaining FUD is still expensive.

This recent decline has given the opportunity to many new investors to buy Bitcoins at cheaper prices. Once bad news about cryptos stops then we can see the price movement faster again until that these ups and downs are common. I think we are still not fully ready to reach even 15K mark soon.

michkima

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Quote from: Nick Abimanyu on February 24, 2018, 05:00:15 PM

Quote from: Roachgo04 on February 22, 2018, 09:49:28 PM

Quote from: Reatim on February 20, 2018, 07:59:57 AM

Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

I’m saddened that the 0.382 mark was not break. But the good news is at least we know that the price of BTC will play around 11,700 and 6,500. These is the trading range will expect for at least one week.

Actually if you use this tool Fibonacci retracement you have a clear forecast of what price will be the next couple of days. Some will say it is because of the Whales but for me this is because of the movement of supply and demand of the coins and not the whales.

Agreeing with what you say the decline this time isn't due to the pesky whale but everything is a natural process of the market (supply and demand).

Currently some countries which do banning against cryptocurrency, now they have published cryptocurrency their own version, such as:
China publishes 'Neo' (the only coin fully supported by the Chinese government),
Sweden publishes 'Sweden's Coin' (the only coin that are considered legal in Sweden), and certainly a similar step will be followed by other countries in the future, and this clearly adversely affects the development of bitcoin.

Nah, I think the decline is still brought about by some people that wanted to bring down the price of bitcoins. Right now we can't expect it to grown unless they had enough bitcoins they want to hold then they'll probably start pumping the price. But generally it should not last long as the cost of maintaining FUD is still expensive.

Nick Abimanyu

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Quote from: Roachgo04 on February 22, 2018, 09:49:28 PM

Quote from: Reatim on February 20, 2018, 07:59:57 AM

Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

I’m saddened that the 0.382 mark was not break. But the good news is at least we know that the price of BTC will play around 11,700 and 6,500. These is the trading range will expect for at least one week.

Actually if you use this tool Fibonacci retracement you have a clear forecast of what price will be the next couple of days. Some will say it is because of the Whales but for me this is because of the movement of supply and demand of the coins and not the whales.

Agreeing with what you say the decline this time isn't due to the pesky whale but everything is a natural process of the market (supply and demand).

Currently some countries which do banning against cryptocurrency, now they have published cryptocurrency their own version, such as:
China publishes 'Neo' (the only coin fully supported by the Chinese government),
Sweden publishes 'Sweden's Coin' (the only coin that are considered legal in Sweden), and certainly a similar step will be followed by other countries in the future, and this clearly adversely affects the development of bitcoin.

alibaba93

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

We can see that the days of bitcoin prices are going up dramatically. I think that with the positive actions of the nations towards bitcoin, I think it is a matter of time to know that you will grow strong again. I believe that with this momentum, bitcoin prices will reach $ 40,000 this year.

ipbitrung01

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

You can see that bitcoin prices started to rebound after touching $ 6000 last month. At present, bitcoin has recovered to $ 9800 and is still on the rise. I think the bitcoin price could come back to the $ 20000 level next month with a strong rebound as it is at the moment. So this is a great time to buy bitcoin.

coinscircle

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

We can see that the price of bitcoin in the past few days has had a very good recovery but I really think there is no breakthrough. On the other hand, the price of bitcoin at present is falling extremely strong and has reached the level of $ 9800. I think it is very difficult for bitcoin to continue to break through and pass the 20000 mark and it will take a long time for bitcoin to do it.

AngelSky

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

It is completely fluctuating in the market. Every day market cap value seems increasing more than 400 billion and some if falling more also we need to invest on bitcoin. Everyone missed to do this and watching the price only when it is climbing up.

If you just starting your trading career you need to choose right coins to invest for conversion always have bitcoin as a main source. I see some have ETH also but occasionally buy the bitcoins too.

litec0ins

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Quote from: Makrochain on February 23, 2018, 11:34:04 AM

Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

https://i.imgur.com/WFXl30Y.png

We can see that bitcoin prices are recovering strongly in recent days, bitcoin prices have touched $ 10500 and are continuously rising. I think that now we can completely trust and buy bitcoin, bitcoin prices are growing extremely stable, we can buy bitcoin and long-term or bitcoin trade right now.

Break 12, reach 15 I think.

Roachgo04

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Quote from: maarx on February 24, 2018, 12:54:14 AM

Quote from: Roachgo04 on February 24, 2018, 12:22:06 AM

Quote from: Bolt Brownie on February 23, 2018, 12:20:10 PM

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

I’m totally agree with you that technical analysis interpretation is will never become the same from others and that are gives us reason why we really need to study technical analysis. That’s because your experience from technical analysis vary from other’s results.

For discussion purpose, Fib levels i have are provided here are only guide and no one should compel to use this as basis for future trading. I just validate my analysis if my observation is correct. And looking at your comment it seems that we have common idea.

I usually do not get in depth analitically. But spend most of my time in analysing datas and trends and go with it. Seriously i need to know what you mean by "mark" with figures you quoted. But from the data coinmarketcap, the bitcoin price would move upward reaching $20K by end of April 2018. This is a prediction arrived from analyzing the growth trend.

Finally someone here wants to know my analysis.

https://i.imgur.com/WFXl30Y.png

Look at 0.382 (11,556.26) and 0 (6,521.26) this is the trading range for the next one week. From this trading range you can make future plans, if the price continues to beat the 0.382 mark it will eventually go to 0.618 marks (14,999.90). But if the price of BTC continues to when down to 0 (6,521.26) mark it will eventually go as low as 6,500 USD.

This is sample technical analysis that’s why I don’t believe that the price of BTC is due to whales. Price depends on the supply and demand of BTC or volume of trades.

maarx

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Quote from: Roachgo04 on February 24, 2018, 12:22:06 AM

Quote from: Bolt Brownie on February 23, 2018, 12:20:10 PM

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

I’m totally agree with you that technical analysis interpretation is will never become the same from others and that are gives us reason why we really need to study technical analysis. That’s because your experience from technical analysis vary from other’s results.

For discussion purpose, Fib levels i have are provided here are only guide and no one should compel to use this as basis for future trading. I just validate my analysis if my observation is correct. And looking at your comment it seems that we have common idea.

I usually do not get in depth analitically. But spend most of my time in analysing datas and trends and go with it. Seriously i need to know what you mean by "mark" with figures you quoted. But from the data coinmarketcap, the bitcoin price would move upward reaching $20K by end of April 2018. This is a prediction arrived from analyzing the growth trend.

littleDarper

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Technical analysis cannot predict important things such as the sudden injection or removal of capital by a hedge fund. Or the re-printing or not of Tether. TA is absolutely useless right now. Whether BTC goes up or down will depend upon external, real-world events.

Roachgo04

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Quote from: Bolt Brownie on February 23, 2018, 12:20:10 PM

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

I’m totally agree with you that technical analysis interpretation is will never become the same from others and that are gives us reason why we really need to study technical analysis. That’s because your experience from technical analysis vary from other’s results.

For discussion purpose, Fib levels i have are provided here are only guide and no one should compel to use this as basis for future trading. I just validate my analysis if my observation is correct. And looking at your comment it seems that we have common idea.

RedzoneASE

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

Well for now it is already good that the price of btc is beyond 10k dollar mark. Seeing that it is not climbing beyond 11k mark is not alarming if you see the price trend of 2017 It is already seen that it only touches 19k dollar mark once and falls down to 17k mark. It emplies that the ideal price btc rolls in 10-15k dollar mark.

squatz1

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Flying Hellfish is a Commie

And now we're on the downtrend for a little time, I really don't know when the people who believe in TA analysis are going to understand that it doesn't work in any market let alone in a market that can be controlled as much as Crypto. So I think the people who beleive in TA are going to have to lose a good amount more money in order to understand that it doesn't work and they've been gipped into thinking that it does work.

We'll see more and more in time of TA being dealt fatal blows. When the market is moving up charters call for the market to continue doing this, when it goes down the opposite happens. So yeah, they don't know a thing.

Bolt Brownie

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Betting Championship betking.io/sports-leaderboard

I enjoy trading, but I'm not an expert since I actually only started last year. I do read a lot, and I don't really enjoy indicators like fib levels. I prefer to use just price analysis, because those things are "written in stone", and you can't really make different interpretations on them. As for fib levels, and other indicators like that, if you put 4 analysts in a room, they will probably tell you different things.

For me bitcoin is probably on a changing trend, and it seems to be entering a bull trend again, but the price charts haven't confirmed it yet, so I will keep waiting for that. We seem to be building a support line on the $9500 mark, which is good, because the last line on support we had was at $7800. This will make trading easier, because I can now move my stop loss up. We need to see a break of $11200 in order to test the resistance at $13k. Hopefully, that will happen, and $11200 will be our new support level, and the bulls will have proven that they are back in control.

Makrochain

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

https://i.imgur.com/WFXl30Y.png

We can see that bitcoin prices are recovering strongly in recent days, bitcoin prices have touched $ 10500 and are continuously rising. I think that now we can completely trust and buy bitcoin, bitcoin prices are growing extremely stable, we can buy bitcoin and long-term or bitcoin trade right now.

atrocityx

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

I'm kind of going the opposite route.. I think we will eventually get there but in my opinion this entire run up just feels like a big bull trap. I think we retest 9k at the bare minimum and hopefully find some footing and do that long needed consolidation period we've been avoiding. I want to be as optomistic as everyone else, but I'm still feeling overwhelmingly bearish. I hope you are right though and we start the path upwards to 20k.

Roachgo04

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Quote from: Reatim on February 20, 2018, 07:59:57 AM

Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

https://i.imgur.com/WFXl30Y.png

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

I’m saddened that the 0.382 mark was not break. But the good news is at least we know that the price of BTC will play around 11,700 and 6,500. These is the trading range will expect for at least one week.

Actually if you use this tool Fibonacci retracement you have a clear forecast of what price will be the next couple of days. Some will say it is because of the Whales but for me this is because of the movement of supply and demand of the coins and not the whales.

Reatim

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Quote from: Roachgo04 on February 20, 2018, 05:27:22 AM

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

I'm no expert trader myself, I just read countless threads in the speculation board and hear others with much Technicals as far as crypto is concern and they are now pointing to the same argument as yours, bitcoin price is going uptrend and may moved towards $12K-$14K but with some resistance.

I guess its really time that we see the market goes into a positive trend. I'm tired seeing red in the last couple of months. If you Technical Analysis is correct then we are going to be happy to see bitcoin marching towards a new all-time-high.

Roachgo04

newbie

Activity: 68

Merit: 0

I’m not expert trader here but I like to share my technical analysis on you would love to hear your analysis regarding the new development on Bitcoin.

Based on fib retracement the 0.382 mark was already break if it continue to move upward it will certainly go up to 0.618 mark which have the equivalent of 14K USD. And if the resistance persists it will continue to break the 1 mark equivalent to 19K USD. What I’m seeing here is another breakout is for BTC. Guys like to know your thoughts about this.

https://i.imgur.com/WFXl30Y.png

Topic: BTC on another breakout (Read 286 times)