Topic: Cryptocoins are in a recovering mode - page 2. (Read 563 times)
As we can see, it's slowly recovering but we can't say already that it will rise for good for it might fall down again this week. Whatever it will be, i am just hodling my crypto assets and wait for the bull run.
I think that the lack of news is not the reason that the market is in relative calm. It seems to me that the reason is that the price of bitcoin has reached its minimum. Further attempts of whales to reduce prices end with the decline in trading volumes. Whales will buy coins at these prices. This level will rise.
I do agree with that. People have been speculating about $3000-$4000 levels, but the market found a steady spot above the $6000 level. If we also take into consideration the manipulation going on, which is that semi large dumps take the price back to sub $7000 levels, and let it stay there without dumping further, it clearly shows large scale accumulation, the patterns are clear.
Without these semi large dumps, the market isn't going down out of its own, which is a great sign. Global whale manipulation keeping the price down will end once they think they stocked up enough coins, and we might not be all that far away from that point. Whales know like no one how important it is to maintain the $6000 bottom, and thus keep the long term growing bottom cycle intact.
If people aren't accumulating themselves yet, then definitely do so. Everyone not having bought will 100% regret it later on. I don't see a massive breakout, but a steady increase will do.
I honestly believe this price manipulation is still far off from lying low, there's still so much at stake for these guys, so they'll be draining everyone else into frustration up till the most of us decides to sell off, before pumping it all out to the moon again. I believe its not just the profits they're after here.
I think that the lack of news is not the reason that the market is in relative calm. It seems to me that the reason is that the price of bitcoin has reached its minimum. Further attempts of whales to reduce prices end with the decline in trading volumes. Whales will buy coins at these prices. This level will rise.
I do agree with that. People have been speculating about $3000-$4000 levels, but the market found a steady spot above the $6000 level. If we also take into consideration the manipulation going on, which is that semi large dumps take the price back to sub $7000 levels, and let it stay there without dumping further, it clearly shows large scale accumulation, the patterns are clear.
Without these semi large dumps, the market isn't going down out of its own, which is a great sign. Global whale manipulation keeping the price down will end once they think they stocked up enough coins, and we might not be all that far away from that point. Whales know like no one how important it is to maintain the $6000 bottom, and thus keep the long term growing bottom cycle intact.
If people aren't accumulating themselves yet, then definitely do so. Everyone not having bought will 100% regret it later on. I don't see a massive breakout, but a steady increase will do.
It looks like the price has settled from the graphs. I do not expect them to rise to the moon, but it may be that they will not go down much more.
Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
It is because of the good market without so much fuds and there's some good updates from some altcoins. But don't trust the market i thibk we are not in the bull run yet bitcoins hasn't recover it good marketcap. Take this opportunity with some careful in the market we dont know when it will be crazy and dump again. Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
It is because of the good market without so much fuds and there's some good updates from some altcoins. But don't trust the market i thibk we are not in the bull run yet bitcoins hasn't recover it good marketcap. Take this opportunity with some careful in the market we dont know when it will be crazy and dump again. Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
It is because of the good market without so much fuds and there's some good updates from some altcoins. But don't trust the market i thibk we are not in the bull run yet bitcoins hasn't recover it good marketcap. Take this opportunity with some careful in the market we dont know when it will be crazy and dump again.
I think they will recover only when the price of Bitcoin kept increasing, total market cap seems to be very low. Bitcoin price is affecting a lot and other altcoins are facing the problems to survive those prices.
Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
It does mean that many are buying today. Bitcoin's struggling to get back again to $7,000 but I know that there will be a quick pump that is about to come. Thanks to Rockefellers and Soros.Well were not yet in a recovery phase this time as we can see fluctuations is always presents.
We have to wait and be patient on what is about to come. Let's all positive that bullish will come soon.
Not really, it is in red again.
We have to wait more before seeing any signs of recovering.
When Bitcoin reaches 10k then we can be sure that it recovered for good, but for now, nothing is sure and prices may fall even more.
Well were not yet in a recovery phase this time as we can see fluctuations is always presents. Yes nothing is certain at this moment and I think we experience this downfall for these days. You know were already waiting for the green market so that most of us here can recover their lose. We have to wait more before seeing any signs of recovering.
When Bitcoin reaches 10k then we can be sure that it recovered for good, but for now, nothing is sure and prices may fall even more.
Right now, the fluctuation on the price of Bitcoin with its value mostly on the lower values, we can’t assure that it will recover just like how it was last. However, despite all this ups and down, I have always believe in Bitcoin and will still believe even if it continuously drop down with the hope that the price would pump again unexpectedly.
What are talking about? We are at 6600 (yes - it is this year low) and going down.
what are YOU talking about?
$6600 is not this year low. the low was $5900 this year which happened on the first major dump and panic sell that bitcoin had. the next drop came after it where price couldn't go near that level and stayed above $6400.
as for OP's subject there was a small recovery but not something worthy of creating a topic about it!
I meant not a moment low price but the price for more or less long period. And yes - it is 6 600. Ok, may be 6 500
Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
Not yet dude. But expecting the same to happen very soon. Everyone expected to have a recovery in April. We have almost crossed 10 days and still waiting for the price to recover. But a sweat thing happening now in April is, the price is at least being stable. This is another sign of hike coming up soon. Lets just wait and gather as many coins with low prices as we can. Every crypto currency would surely bring a large profit in few months. We can surely expect this happen so.
Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
There is no such thing as just because the price rose and some of the alts takes a small increase means that everybody is back on believing on crypto again. Changed the thinking like that as it's not how it works.
A small pullback means "literally" means that most of the traders take advantage of the dip. Aside from that, you may also noticed that some alts doesn't have a changed in terms of their respective bitcoin trading price but since bitcoin price increase a bit, so is the other alts.
Will it ever reached the moon? Well it depends on what price level does people can tell that it's "they are already on the moon".
Even though majority of the cryptocurrencies are in green today it doesn't mean that it is in recovery or reversal stage. You should always be careful to bear traps as well as fake breakouts as this are the things that will make you buy something prematurely and you might end up being trap at the end. You should have known by now that rising for a day or two in the cryptocurrencies doesn't mean anything as it can still go down fast. Just like what happened in the last few days where Bitcoin rise rapidly up to 7,160$ but fell quickly at 6,600$. In order to tell that we are in a recovery phase we need to see Bitcoin trying to break out of the long term down trend line.
As we all know that big whales were busy in the pond playing the game on their own terms, Bitcoin price surged massively and then fall down which resulted in a correction. I believe that it created a domino effect on alt-coins and price movements from Bitcoins affected alt-coins too. However, I am expecting price recovery from this month and I believe that we will see a fresh all-time high level in Bitcoin and in some alt-coins too in this year itself.
Waking up this morning with green numbers on the charts: Cryptocoin prices today. Will this mean that everybody believes in Crypto coins again? Let's hope that the prices rises to the moon.
Sure bitcoin will recover in market but not now, current situation states it will take time to recover. Now the price have so many downs only. It becomes up but not very high. Close to the downward price only, it cannot increase more than that value. Many people will believe that bitcoin will come again with massive growth. Let's wait till that time.
The news now controls the price and adjusts panic so that the price seems stable because of the lack of hot news negatively or positively.
Some news like: "big whales" are set to enter the crypto markets and " George Soros Prepares to Trade Cryptocurrencies"[1].
It seems to move The 5-day (MA) slightly higher. The price may rise to 7,500$ or to 6,500$.
In the long term, the price will settle at the 7000$ or 1000$ limit.
Source:
https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge
I think that the lack of news is not the reason that the market is in relative calm. It seems to me that the reason is that the price of bitcoin has reached its minimum. Further attempts of whales to reduce prices end with the decline in trading volumes. Whales will buy coins at these prices. This level will rise. Some news like: "big whales" are set to enter the crypto markets and " George Soros Prepares to Trade Cryptocurrencies"[1].
It seems to move The 5-day (MA) slightly higher. The price may rise to 7,500$ or to 6,500$.
In the long term, the price will settle at the 7000$ or 1000$ limit.
Source:
https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge
Coinmarket was showing cryptos in the red this morning but has changed to green tonight, although showing only a small gain. Bitcoin seems to be swinging below and above $7000 level with no real direction.
as for OP's subject there was a small recovery but not something worthy of creating a topic about it!
Noobs mostly only look at very short term charts, which might explain why OP got so excited about an increase not worth cheering for. Short term chart shows a large green candle, while longer term charts only show a tiny bump in price that got pushed back down again. Overall, the market is keeping its cool above the $6000 level, which is the most important thing right now. Let people speculate about further increases as much as they want, it won't do anything for a market not ready to go up. This market looks healthy and quite comfortable to maintain, while everything above the $10,000 level gets the market excited and feared at the same time, which isn't a good combination for a strong range.
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