BTCUSD Bullish Divergence | Bitcointalksearch.org

BitcoinNewbie15

sr. member

Activity: 574

Merit: 296

Bitcoin isn't a bubble. It's the pin!

Quote from: pawel7777 on June 23, 2018, 05:18:33 PM

Don't catch a falling knife. Volume is low. Sub 6k is still very possible.

I agree, I'd argue sub $6k is looking pretty likely... It is interesting to see how we bounced off of the $59xx price range, so that gives me a little hope. But honestly, there is no reason to think that the bear market is over yet. I just hope these bulls take over soon...

pawel7777

legendary

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Don't catch a falling knife. Volume is low. Sub 6k is still very possible.

BitHodler

legendary

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Merit: 1179

Quote from: shulio on June 23, 2018, 04:29:04 PM

Instead of jumping in BTC right now, I will prefer to buy after the price get to 6500 dollars to be safer.

It depends on what your target is. If you plan to hodl for the long term, and I mean actual long term, then buying currently is the best possible option. It makes no sense to wait if your target is clear.

What difference does a few percent make when we at some point hover over the $100,000 mark? No difference. People turned bearish but these cycles are normal and temporary of nature ~ we'll turn sooner or later.

Just like it can't keep going up endlessly, it can't keep going down endlessly. Sellers are close to exhausting their resources and that's when we'll be going back up again. Patience is key.

susila_bai

hero member

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Merit: 524

If you are thinking about investment then I think that you can start to buy in split so that if their is any more low you can buy more but right now IS A good price to buy for shorterm profit

shulio

legendary

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Instead of jumping in BTC right now, I will prefer to buy after the price get to 6500 dollars to be safer.

Proton2233

sr. member

Activity: 434

Merit: 252

Quote from: cindygirl on June 23, 2018, 04:02:31 AM

Hitting a new low for the year doesn't seem like that bullish of a signal to me. It does seem like a good time to buy though given the old adage of buying low and selling high.

Before the market turns, it always shows a negative trend. Bears are grasping at the last opportunity to buy coins. I also see the market's readiness for growth, but this cannot be predicted. A reversal can happen at any time. It seems to me that bitcoin will not fall below 6000 dollars.

cindygirl

full member

Activity: 280

Merit: 105

Hitting a new low for the year doesn't seem like that bullish of a signal to me. It does seem like a good time to buy though given the old adage of buying low and selling high.

aranacj

newbie

Activity: 28

Merit: 0

Will BTC rage against the USD:

https://ibb.co/kqRPN8

Based on D1 chart and RSI, we can see that we have a bullish divergence.

Is this a right time to open a position?

Topic: BTCUSD Bullish Divergence (Read 168 times)