BTC restoring faith in bull run. | Bitcointalksearch.org

Viscore

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Quote from: cytpoway121 on February 28, 2020, 05:58:58 PM

Quote from: mahilchii on February 07, 2020, 04:12:03 AM

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

Golden cross are incredibly important and it could be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!

The price of bitcoin has been unstable so far, and it leaves us to study the charts more as a trader, except long term holders of bitcoin who wouldn't worry.

Bitcoin crossed 10,000$, before its volatility and low price of late.
Perhaps the demand for bitcoin during the second halving, is capable of driving another massive bull run

There's no halving yet, we will definitely see if the the halving this year would result to something we are expecting.
I don't believe that the hype is already over, I believe the price movement now is just inviting those who haven't bought yet and they should if they want to ride with the good pump nearing the halving,.. by march, maybe we will see another big pump again like what we have witnessed in the first month.

cytpoway121

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Quote from: mahilchii on February 07, 2020, 04:12:03 AM

BTC rally this year has pulled many coins up after two years of bear market. It has just crossed the golden cross and restoring faith in bull run.

Golden cross are incredibly important and it could be the signal for the investors to buy the dip. As halving is nearing there are big expectations and hopefully it will create history again, Guys just invest in BTC for a better tomorrow. Good luck!!!!

The price of bitcoin has been unstable so far, and it leaves us to study the charts more as a trader, except long term holders of bitcoin who wouldn't worry.

Bitcoin crossed 10,000$, before its volatility and low price of late.
Perhaps the demand for bitcoin during the second halving, is capable of driving another massive bull run

STT

legendary

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Quote from: STT on February 25, 2020, 05:07:57 PM

a larger area is about 8500 which also contains 200 day average.

So thats the larger area that forms the recent low and highs today are the two day moving average. I'm not confident of a recovery until it gets above that short term measure, from a daily view we are still around the 200 day average with 50 overhead now. I dont note the golden cross really but thats null now I think.

Ridwan Fauzi

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Another momentum to rise back, after that huge dumped the market is slowly recovering from $8600 now it's moving ahead reaching $9k and regained this barrier, hopefully this correction already finished and the next market movements will be for the pumped. Bullish are expected since halving season is coming.

Are we only have halving event to believe that bitcoin price will meet a bull run time?

I hope there will be many factor which can make bitcoin price up and up. Especially the adoption form many countries, seem like it maybe important instead of bitcoin halving. Let say bitcoin halving has been passed, then what the first factor many people there get interest to bitcoin? It is because halving event? Do they know about halving event?

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Quote from: el kaka22 on February 23, 2020, 12:29:05 PM

It doesn't really require any experts, neither requires any sort of golden cross or any other TA when we are talking about the long term. Simple fact is that there are more and more machines sold for mining every single day, there are more and more machines that plug in and start everyday as well, sometimes there is a generational difference between machines so old ones do not profit and start to close down while the new ones get bigger and bigger in number.

What does this do? Increase the cost of mining 1 bitcoin, well put the halving on top of that, what do we have? An insanely hard bitcoin mining situation. What needs to be done to keep that up? Increase the transaction costs AND the price of bitcoin. It doesn't have to be right after halving but it will eventually happen.

You are right but at the same time we must remember that large mining operations can keep running for longer than the smaller mining operations so even if it may seem counterintuitive some of those large miners are fine with letting bitcoin go below their mining costs so they can put their competitors out of business, in the world of business this is not really a new tactic and we can find many examples of this through history, however that should only affect the price of bitcoin during the short term and it should continue its upward trajectory during the long term.

STT

legendary

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Todays low is the 50 day average which was quite a big positive to pass, a larger area is about 8500 which also contains 200 day average. There is some recovery just now above the 50 day but I think we do get to the 200 day, quite surprised to see the 200 day is turning down again showing we have more time before price becomes more certain of direction.
So 9600 is two day average and 9700 is weekly, thats the mark to recover above, confirm in order to say we are positive once again. Otherwise I think we are capped or limited to the upside somewhat. In brief we have lost the uptrend, this is the time to be more cautious as to direction at least in short term reckoning.

ice098

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Quote from: Natalim on February 25, 2020, 06:29:52 AM

Quote from: hahay on February 25, 2020, 06:26:39 AM

I'm not sure there will be strong resistance until the end of the first quarter and early next quarter later.

Hopefully there's none so we will see a good price going to the halving, maybe one month before we can expect some good rise but thus far what we are holding now is already at a good price, we should stay here if there's no pump going to happen yet.

As we see that good price begun to influence a good market effect, I think this is a good factor to attract good demands to dominate soon. One month is just a short period timeline, maybe two to three can be an enough to meet those expectations. Halving needs maturity, so let's expect fairly to avoid falling on wrong decisions.

FanEagle

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Bull never went anyway tho? All these people who think just because we dropped a bit that means the bull ended or somehow even bear started (?!) are just trying to convince themselves about it, all the stats, all the community emotions, everything shows towards even a bigger bull run. The halving is just around the corner and I am sorry but nobody would be willing to sell their coins just as it is getting more valuable.

Inflation is dropping, the scarcity is increasing, miners are pushing, why would anyone sell at that moment? Price could go down of course when someone sells because of an important reason but you should look at what the general market is doing and not one time movements, one big whale maybe sold a lot to drop the price and accumulates lower? Who knows.

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Quote from: hahay on February 25, 2020, 06:26:39 AM

I'm not sure there will be strong resistance until the end of the first quarter and early next quarter later.

Hopefully there's none so we will see a good price going to the halving, maybe one month before we can expect some good rise but thus far what we are holding now is already at a good price, we should stay here if there's no pump going to happen yet.

hahay

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Quote from: Finestream on February 25, 2020, 05:35:50 AM

Quote from: justdimin on February 24, 2020, 12:57:21 PM

The only thing that could ever stop bulls right now is a huge whale suddenly dropping thousands of bitcoin all at once in the market, unless something major like that ever happens I do not see bulls going away anytime soon.

I think that is a common thing in crypto, whales who have power to manipulate the market can always do that, and of course we don't hope for that but we should be open for that possibility and we should be prepared as well.

When they drop, that means manipulation and manipulation would only affect the price temporarily so if we hold, we can still enjoy a good price in the long run.

Holding for the long term indeed seems to be an obligation that must be prioritized at this time, because even after prices return again in the range of 9k prices become stagnant and with these events of course it would be better for us to keep holding, because if halving later becomes a strong push to the market is bullish so it looks like a bigger recovery won't happen anytime soon and I'm not sure there will be strong resistance until the end of the first quarter and early next quarter later.

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Quote from: justdimin on February 24, 2020, 12:57:21 PM

The only thing that could ever stop bulls right now is a huge whale suddenly dropping thousands of bitcoin all at once in the market, unless something major like that ever happens I do not see bulls going away anytime soon.

I think that is a common thing in crypto, whales who have power to manipulate the market can always do that, and of course we don't hope for that but we should be open for that possibility and we should be prepared as well.

When they drop, that means manipulation and manipulation would only affect the price temporarily so if we hold, we can still enjoy a good price in the long run.

justdimin

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Yeah, bulls have been basically holding the whips of the market for a while now, even when the price goes down they do not allow it to go down too much, they allow it to go down until the sales start to slow down and when the pouring new sell orders stop and there is no more bitcoins sold like crazy on the market, they stop the bleeding and they keep it at bay, then they start to bull rush once again and increase it and basically repeat this forever until people who sell bitcoin at anything they do not like will go away and the price goes up.

The only thing that could ever stop bulls right now is a huge whale suddenly dropping thousands of bitcoin all at once in the market, unless something major like that ever happens I do not see bulls going away anytime soon.

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Quote from: Oasisman on February 24, 2020, 03:27:24 AM

Quote from: okala on February 24, 2020, 02:31:56 AM

The rate at which bitcoin react to the little pull back that happen about 4 hours ago it is very clear that the bull are in full control and it is little overbought indicator on one hour timeflame that might be clear out today and bitcoin is going to resume it upward movement.

Im afraid Bitcoin price wont be resuming an upward movement anytime soon. It was even struggling to stay at the $10,000 level. Though the price touched the 5 digit figure twice after it fell down again at $9,000 level. Let's see what will be the movement of Bitcoin this week since it was down again by -1.37% from the last 24hrs.
Nevertheless, Bitcoin will going in a bullish direction this year or next year.

Why? is there any bad news coming or occurring? or maybe there's something strange happening? but if you mean the fall from $10,000+ to $9,000 level well I think its still normal we are still on questionable market state but I assume that we can see something good this year even the movements keep pulling to the current level. And we shouldn't get panic since the dump is not big compare on what happen on year 2018.

Oasisman

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Quote from: okala on February 24, 2020, 02:31:56 AM

The rate at which bitcoin react to the little pull back that happen about 4 hours ago it is very clear that the bull are in full control and it is little overbought indicator on one hour timeflame that might be clear out today and bitcoin is going to resume it upward movement.

Im afraid Bitcoin price wont be resuming an upward movement anytime soon. It was even struggling to stay at the $10,000 level. Though the price touched the 5 digit figure twice after it fell down again at $9,000 level. Let's see what will be the movement of Bitcoin this week since it was down again by -1.37% from the last 24hrs.
Nevertheless, Bitcoin will going in a bullish direction this year or next year.

coinfinger

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Quote from: okala on February 24, 2020, 02:31:56 AM

The rate at which bitcoin react to the little pull back that happen about 4 hours ago it is very clear that the bull are in full control and it is little overbought indicator on one hour timeflame that might be clear out today and bitcoin is going to resume it upward movement.

It is Monday and again it is down for ~2.5% right now. But, I agree it is still in bull's control as the supports kept failing to get broken for more than 10 days in multiple attempts; it is really a good symptom for the prices to move upward as long as the support levels keep unbroken.

I am seeing as per my analysis, within next bull rally bitcoin markets will definitely break the strongest physiological resistance levels around $10,500 to $10,800 levels. We may see $11,200 levels before short term bears come into play. I am seeing FOMO among investors due to upcoming halving. So, fastening our belts aright away may help for not missing out any possible yet simple opportunities.

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The rate at which bitcoin react to the little pull back that happen about 4 hours ago it is very clear that the bull are in full control and it is little overbought indicator on one hour timeflame that might be clear out today and bitcoin is going to resume it upward movement.

Viscore

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Quote from: STT on February 23, 2020, 01:09:45 PM

we'll know better 10 hours or so from now

Let's see what would happen, looks like btc beginning to have its pump again and it looks like $10,000 is income already.
We like to see more of this, hopefully it will be able to break its resistance as after the temporary fall, we are here again btc starting an uptrend.

Kelvinid

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The bearish season has been over as we started this year with great and impressive market performance. It keeps on rallying until today but somehow dumps could still crashing the market and this why we couldn't see a tremendous increase in price rather than to see a roller coaster alike. And despite of this kind of market flow but people are still positive for the incoming and we can see that more people are coming this time because they could think that this halving will help them to recover their losses as it happens last 2018.

STT

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On Sunday into monday open its looking quite bullish by a number of measures. However I'm looking for some resistance to hold and it to be some kind of fake out, we have a speedbump moving from weekend to week days and it could be volatile as part of that, we'll know better 10 hours or so from now

el kaka22

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It doesn't really require any experts, neither requires any sort of golden cross or any other TA when we are talking about the long term. Simple fact is that there are more and more machines sold for mining every single day, there are more and more machines that plug in and start everyday as well, sometimes there is a generational difference between machines so old ones do not profit and start to close down while the new ones get bigger and bigger in number.

What does this do? Increase the cost of mining 1 bitcoin, well put the halving on top of that, what do we have? An insanely hard bitcoin mining situation. What needs to be done to keep that up? Increase the transaction costs AND the price of bitcoin. It doesn't have to be right after halving but it will eventually happen.

Topic: BTC restoring faith in bull run. (Read 631 times)