BTC/USD update 12/3/2018 - page 2. | Bitcointalksearch.org

outsidertrader

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Quote from: cindygirl on December 04, 2018, 09:25:46 AM

Well the support held with a quick rebuff and a big green candle. So next stop seems to be a test of mid 4000s. Price movement at the moment reminds me of the range around 6k, very predictable and little movement. That's why I suspect we're not ready for a reversal. Be interesting to see how the market would respond to a bullish movement above 4.5k like you spoke of. Wouldn't be surprised if a lot of people FOMO'd in because there's been a lot of talk of recovery lately.

I dont Think the FOMO people will be bigger than the LOSS people (the ones that have bought at 6.000).

Because of the size of the 6k bottom's range... Too many Holders bought there for too long time.

We must see the market getting into a big Range for a Healthy rise:

The bottomness the Range would be better for the up trend.

If the Range Balance from 3.500 to 6.000 would be a BAD range. Its should be almost FLAT at the Bottom. We need a FLAT RANGE to rocket up again!

cindygirl

full member

Activity: 280

Merit: 105

Quote from: mikeywith on December 03, 2018, 09:35:13 PM

Quote from: cindygirl on December 03, 2018, 02:49:20 PM

Don't see any signicant movements upwards for a long time, even if we break the minor resistance at 4400s it won't take us much higher. Next step is the fall of support levels around 3500 and a new yearly low in the low 3000s. I'm sad to say it because like many I'm ready for the bull run but the reversal isn't here yet. Fortunately with each passing day it comes closer.

if we fail to break 3600 this time, i would only think that we need a re-test of the upper 5k area (5.5 to 5.8k) or at least 5k before making a much lower low on the next dip.

am keeping an eye on the 4500 now, a break above, retest, i will get greedy and enter long for to 5.5k target. ( unlikely to happen but if this, i'll take it ).
also keeping aneye on the coming support area, 3.6k , wanting to see a reversal candle to go long, or a break out to go short.

there are a few possibilities that one can safely trade at current situation. just gotta be sharp and stick to SL because this market can do 20% up or down. in a second.

Well the support held with a quick rebuff and a big green candle. So next stop seems to be a test of mid 4000s. Price movement at the moment reminds me of the range around 6k, very predictable and little movement. That's why I suspect we're not ready for a reversal. Be interesting to see how the market would respond to a bullish movement above 4.5k like you spoke of. Wouldn't be surprised if a lot of people FOMO'd in because there's been a lot of talk of recovery lately.

Herbert2020

legendary

Activity: 1946

Merit: 1137

the problem with this kind of analysis is that technical analysis is completely worthless for bitcoin and right now the market is under manipulation which means everything you know and analyze becomes even more worthless!

in other words you can't predict what can happen by looking at lower highs, and higher lows and stuff like that. as for supports, i don't think we have any meaningful level anymore. anything can be broken and it can mean nothing.
and i think we will see this unpredictable market for at least another 3 months.

mikeywith

legendary

Activity: 2394

Merit: 6581

be constructive or S.T.F.U

Quote from: cindygirl on December 03, 2018, 02:49:20 PM

Don't see any signicant movements upwards for a long time, even if we break the minor resistance at 4400s it won't take us much higher. Next step is the fall of support levels around 3500 and a new yearly low in the low 3000s. I'm sad to say it because like many I'm ready for the bull run but the reversal isn't here yet. Fortunately with each passing day it comes closer.

if we fail to break 3600 this time, i would only think that we need a re-test of the upper 5k area (5.5 to 5.8k) or at least 5k before making a much lower low on the next dip.

am keeping an eye on the 4500 now, a break above, retest, i will get greedy and enter long for to 5.5k target. ( unlikely to happen but if this, i'll take it ).
also keeping aneye on the coming support area, 3.6k , wanting to see a reversal candle to go long, or a break out to go short.

there are a few possibilities that one can safely trade at current situation. just gotta be sharp and stick to SL because this market can do 20% up or down. in a second.

cindygirl

full member

Activity: 280

Merit: 105

Don't see any signicant movements upwards for a long time, even if we break the minor resistance at 4400s it won't take us much higher. Next step is the fall of support levels around 3500 and a new yearly low in the low 3000s. I'm sad to say it because like many I'm ready for the bull run but the reversal isn't here yet. Fortunately with each passing day it comes closer.

mikeywith

legendary

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be constructive or S.T.F.U

Quote from: cryptic4000 on December 03, 2018, 05:45:26 AM

I thought it would not be easy to roll the $ 4k7 mark. Because it's up 10%, it will drop to 13%. That is the average of the 3 weeks of the crypto market that I have collected. bull run can not happen. I think it will surpass $ 5k5 in Q2 of 2019.

it is all about price action. if you look at the chart , from 5.5k to 4.7k there is absolutely no sort of any Resistance. if anything TA wise its a fast run zone especially from 5k to 5.5k.

again this is all just wishful thinking, price did drop of the green support line and took a nice dip, took my short and waiting to go long from 3650-3700 if i see a price rejection there. on the other side 3970 is my SL for the short position ( , if we close above it , i will remain neutral.) and wait for the next signal.

Ideally, i want to see a break below the 3600$ for a potentioal test of the 2.7-3k area which i do believe to be a strong bull zone and probably the bottom of this down trend. the sooner we get there the better. but what i think is going to actually happen is nothing but a ranging trend from 3k to 6k for probably a few months. this will be a nightmare for the moon boys but would carry a lot of trading chances. we just need to find a bottom of this trend for now, so we can hide our SL below that so-called bottom.

1Referee

legendary

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Merit: 1427

Quote from: Yaunfitda on December 03, 2018, 07:16:59 AM

I'm no longer trading at this point whether short or long, would just wait 2019 and see what it brings.

If we're going to see an even lower bottom, it will very likely be somewhere in Q1 of 2019 which I stated even before we dropped below the $6000 level, and that more than once.

Look up the all time charts and look at Bitcoin's performance in Q1 of each year so far, it's nothing but sharp decreases; https://bitcoinwisdom.com/markets/bitstamp/btcusd

It's smart to start buying small fractions at current levels and leave some for the first couple months of 2019 to go long in a more serious manner. No one knows where the bottom is, so don't expect anyone here or whatever news outlet to be right on that. It could be in already, or we have another 20-30% to drop.

Rashid555

full member

Activity: 350

Merit: 100

Bitcoin market is down and we have seen this before two years but the situation was changed and it is not clear that when and how long it will goes but in this bear market long term investment is beneficial and it is endless currency so if down now it will show a rise in the future, Crypto price at present day 3rd of December is very low as compared to the last year December but it can be changed any time.

mOgliE

legendary

Activity: 1344

Merit: 1251

Oppened my first long in two months.

We'll see the 4500$ very soon then go back to 3500$.

BTC is just not capable of going a straight line, it never happened and will never happen. So you got to use the rebounds to accumulate more BTC!

outsidertrader

jr. member

Activity: 49

Merit: 4

Its Healthy to Bitcoin to stay into a Acumulation Range before its starts to rise again.

If it rise to fast by now, the losses fellings at 5k and 6k would knock it down again, even more lower.

We (the market) have to make people believe that its not time to sell, must make the holders forget.

So lets stay on a Range for a while please Grin

.

charlotte04

full member

Activity: 504

Merit: 102

Quote from: mikeywith on December 02, 2018, 08:05:34 PM

so overall , i am still bearish on btc. but i am trying to look for every possible chance to trade this market , be it short or long.!

looking at the 4hr chart, btc is creating lower-highs and higher-lows. and right now setting between a support trend (green), and a resistance trend ( red dotted).
the down trend is just a minor one, breaking it will take us to test 4467 area, breaking the green support trend line is a free ticket to rekt city for the bulls.

anyhow a long story short. the green lines/trend lines are support area. the reds are Resistance. and you know the drill.

for me I am looking for these 2 options to trade.

1 > breaking the green support line to go short and target the lower support lines
2 > breaking 4700$ up to go long because that could be an easy trip to 5.4k to 5.5k.

this is just a zoom in the overall bearish prospective that can be found here > https://bitcointalksearch.org/topic/m.48030883

Nice. But I am kinda neutral for Bitcoin's move right now since it may start to go up someday because it really had a rough down through.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: cryptic4000 on December 03, 2018, 05:45:26 AM

I thought it would not be easy to roll the $ 4k7 mark. Because it's up 10%, it will drop to 13%. That is the average of the 3 weeks of the crypto market that I have collected. bull run can not happen. I think it will surpass $ 5k5 in Q2 of 2019.

Of course it's not easy to break the $47xx mark and we haven't reach that after the massive sell-off. The fluctuations is really crazy and its really difficult even if we have to chart it. Right now the the OP has to re-visit again as the it is not applicable as this point as it broke the support level again. I'm no longer trading at this point whether short or long, would just wait 2019 and see what it brings.

cryptic4000

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Activity: 451

Merit: 100

Decentralized Ascending Auctions on Blockchain

I thought it would not be easy to roll the $ 4k7 mark. Because it's up 10%, it will drop to 13%. That is the average of the 3 weeks of the crypto market that I have collected. bull run can not happen. I think it will surpass $ 5k5 in Q2 of 2019.

Kemarit

legendary

Activity: 3080

Merit: 1353

I agree with you that the signs really points out that the bearish sentiments is not yet done. We have tested $4300, but unfortunately its not sustainable and didn't break that resistance. Right now the price keeps on fluctuating between $3900-$4000 so its going be a long week for us specially for those who are really doing short on bitcoin market.

mikeywith

legendary

Activity: 2394

Merit: 6581

be constructive or S.T.F.U

so overall , i am still bearish on btc. but i am trying to look for every possible chance to trade this market , be it short or long.!

looking at the 4hr chart, btc is creating lower-highs and higher-lows. and right now setting between a support trend (green), and a resistance trend ( red dotted).
the down trend is just a minor one, breaking it will take us to test 4467 area, breaking the green support trend line is a free ticket to rekt city for the bulls.

anyhow a long story short. the green lines/trend lines are support area. the reds are Resistance. and you know the drill.

for me I am looking for these 2 options to trade.

1 > breaking the green support line to go short and target the lower support lines
2 > breaking 4700$ up to go long because that could be an easy trip to 5.4k to 5.5k.

this is just a zoom in the overall bearish prospective that can be found here > https://bitcointalksearch.org/topic/m.48030883

Topic: BTC/USD update 12/3/2018 - page 2. (Read 521 times)