Current Local Roadmap of Bitcoin - page 2.

Jating

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Quote from: livingfree on August 15, 2020, 02:40:19 AM

Quote from: Baofeng on August 14, 2020, 05:54:52 PM

Quote from: livingfree on August 14, 2020, 05:16:33 PM

Quote from: Fundamentals Of on August 14, 2020, 09:52:34 AM

[.. snip ..]

I agree, it's not that easy to just jump to $12k without getting any resistance, and that price seems to be the biggest wall. As we have seen several rejections. So again, let's wait, as the price is settling down to $11,700 and maybe a good time to accumulate before moving on. Weekends is coming, I'm not expecting any price movement and wait for Monday to see if we can get to $12k again.

Yes, as always we're still given ample time to accumulate. Those who thought that they've been missing alot, they shouldn't miss it this time.

You reminded me about weekends, oh yes you are right! there are always a lot of happenings every weekend. Just be prepared for it.

On the contrary, it looks like this weekend is very different as the price seems to get over that $11700 and moving to $11800-$11900. So I guess when we are in a bull run those expectations are thrown out of the window because we really don't know what to expect.

And as the market is open 24x7, there could be some scalping during the weekends. And here we go again, seems that $12k is just around.

livingfree

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Quote from: Baofeng on August 14, 2020, 05:54:52 PM

Quote from: livingfree on August 14, 2020, 05:16:33 PM

Quote from: Fundamentals Of on August 14, 2020, 09:52:34 AM

We have been repeatedly rejected by $12,000. It seems we are going to be approaching it once again in the coming hours. It would again be either make or break. If the $12,000 support is broken we are probably going to be heading on to $13,000 before the correction occurs or we could be rejected once more and head back to $11,000.

It's making the resistance and the support tighter this time.

Those rejections that bitcoin took for hitting $12,000 were a good sign. Now, looks good and better on $11,700 as it shows stably moving as it is about to break that rejected price.

I agree, it's not that easy to just jump to $12k without getting any resistance, and that price seems to be the biggest wall. As we have seen several rejections. So again, let's wait, as the price is settling down to $11,700 and maybe a good time to accumulate before moving on. Weekends is coming, I'm not expecting any price movement and wait for Monday to see if we can get to $12k again.

Yes, as always we're still given ample time to accumulate. Those who thought that they've been missing alot, they shouldn't miss it this time.

You reminded me about weekends, oh yes you are right! there are always a lot of happenings every weekend. Just be prepared for it.

Yaunfitda

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Quote from: Oasisman on August 14, 2020, 08:06:22 AM

Quote from: Yaunfitda on August 14, 2020, 03:46:30 AM

For scalping, it's not for everyone, would you suggest this strategy short time or it's better to go long as we are in a bull run already?

Scalping is good for traders who have high risk tolerance and market experience, infact It's been a good time to do it judging how Btc has been moving in the $11,000 region lately.
Though traders may set up a strict exit point, and that's what it makes hard for some traders.
But to make it in a much safer position, your second opinion will be the best option as there will be a potential breakout sooner or later.

Yes but it's not for everyone because of the huge risk involved. I try to do scalping before, but it didn't work for me. Maybe others have good success rate or I do something wrong. Nevertheless, it is a learning experience for me. I guess, majority will agree that going long will be the best logical choice as break out to $12k or more are imminent.

btc_angela

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Quote from: Oasisman on August 14, 2020, 08:06:22 AM

Quote from: Yaunfitda on August 14, 2020, 03:46:30 AM

For scalping, it's not for everyone, would you suggest this strategy short time or it's better to go long as we are in a bull run already?

Scalping is good for traders who have high risk tolerance and market experience, infact It's been a good time to do it judging how Btc has been moving in the $11,000 region lately.
Though traders may set up a strict exit point, and that's what it makes hard for some traders.
But to make it in a much safer position, your second opinion will be the best option as there will be a potential breakout sooner or later.

However, there's not much movement lately or at least in the last 2 days when we touch $11,700 again. So not a good time in my opinion. But we have a different strategy, so probably high risk traders can tolerate some short bounce in the price and then make a profit margin.

Baofeng

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Quote from: livingfree on August 14, 2020, 05:16:33 PM

Quote from: Fundamentals Of on August 14, 2020, 09:52:34 AM

We have been repeatedly rejected by $12,000. It seems we are going to be approaching it once again in the coming hours. It would again be either make or break. If the $12,000 support is broken we are probably going to be heading on to $13,000 before the correction occurs or we could be rejected once more and head back to $11,000.

It's making the resistance and the support tighter this time.

Those rejections that bitcoin took for hitting $12,000 were a good sign. Now, looks good and better on $11,700 as it shows stably moving as it is about to break that rejected price.

I agree, it's not that easy to just jump to $12k without getting any resistance, and that price seems to be the biggest wall. As we have seen several rejections. So again, let's wait, as the price is settling down to $11,700 and maybe a good time to accumulate before moving on. Weekends is coming, I'm not expecting any price movement and wait for Monday to see if we can get to $12k again.

livingfree

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Quote from: Fundamentals Of on August 14, 2020, 09:52:34 AM

We have been repeatedly rejected by $12,000. It seems we are going to be approaching it once again in the coming hours. It would again be either make or break. If the $12,000 support is broken we are probably going to be heading on to $13,000 before the correction occurs or we could be rejected once more and head back to $11,000.

It's making the resistance and the support tighter this time.

Those rejections that bitcoin took for hitting $12,000 were a good sign. Now, looks good and better on $11,700 as it shows stably moving as it is about to break that rejected price.

carlfebz2

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Quote from: Oasisman on August 14, 2020, 08:06:22 AM

Quote from: Yaunfitda on August 14, 2020, 03:46:30 AM

For scalping, it's not for everyone, would you suggest this strategy short time or it's better to go long as we are in a bull run already?

Scalping is good for traders who have high risk tolerance and market experience, infact It's been a good time to do it judging how Btc has been moving in the $11,000 region lately.
Though traders may set up a strict exit point, and that's what it makes hard for some traders.
But to make it in a much safer position, your second opinion will be the best option as there will be a potential breakout sooner or later.

Scalpers wont really on what would be the current trend yet they do trade no matter whats the current market condition but somehow if basing of on how the price moves in a trend manner then it
would be also a considerable tool that you do base on which is casual stuff on active trades.

As mentioned where we had been rejected to break that 12k resistance but who knows that in upcoming hours we would able to break that but not an assurance that we would be heading to 13k
directly but its most likely.

For now lets just wait and make up positions if you can deal with it.

Fundamentals Of

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We have been repeatedly rejected by $12,000. It seems we are going to be approaching it once again in the coming hours. It would again be either make or break. If the $12,000 support is broken we are probably going to be heading on to $13,000 before the correction occurs or we could be rejected once more and head back to $11,000.

Oasisman

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Quote from: Yaunfitda on August 14, 2020, 03:46:30 AM

For scalping, it's not for everyone, would you suggest this strategy short time or it's better to go long as we are in a bull run already?

Scalping is good for traders who have high risk tolerance and market experience, infact It's been a good time to do it judging how Btc has been moving in the $11,000 region lately.
Though traders may set up a strict exit point, and that's what it makes hard for some traders.
But to make it in a much safer position, your second opinion will be the best option as there will be a potential breakout sooner or later.

Yaunfitda

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Activity: 2870

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So now the resistance of $12k is not yet broken, been twice or thrice already that we have reach it but so far it's a mental barrier for most traders. For scalping, it's not for everyone, would you suggest this strategy short time or it's better to go long as we are in a bull run already?

Lasky366

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We have the Range established, most likely to be a Re-Accumulation during the overall Uptrend, nonetheless it can be confirmed only by the breakout of 12k$ Resistance as I pointed out previously.

Locally we have some important key zones that can help us scalping, as we are in the middle of the overall Range we have to looks for the Resistance & Support Zones, because the breakout of any of this area will point the Next Local Direction (marked on the chart). Simply working with a breakout now.

Topic: Current Local Roadmap of Bitcoin - page 2. (Read 270 times)