Do you guys agree that $12,500 remains the most resistance for now?

stompix

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Quote from: AICoin_Official on March 03, 2018, 06:17:40 AM

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

Well, here is one more name to add to my list of experts that are proven totally wrong in less than 3 days.

Quote from: amaydel on March 05, 2018, 04:18:21 AM

Seems agreeable because bitcoin is just hovering in the 10,000$ to 11,000$ mark. Looks like there is a resistance already at 12,000$ but we just don't know it'll break this month because i know bitcoin is full of surprises.

That's exactly why trying to guess the price or resistance levels is one futile attempt.
And betting your saving on this makes it only worse.

I've quit totally trading since 6 months ago, haven't put up one single trade apart from selling a few mbits for cash for expenses and it was probably the best thing I've ever done.

I can look at the red charts and say...yeah...not nice, without actually gibing a damn.
HODLing is the best.

EdenHazard

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Quote from: Wind_FURY on March 04, 2018, 01:29:09 AM

I will only consider a situation that we are out of the "bear zone" if Bitcoin reaches the all time high again and turn that into the new support. If not, then it's pointless discussing any points of "resistance" under the all time high in my opinion.

difficult time now for anybody who restart the buyback after have to hanging around $8k to $12k and bought at the ath price. if you look at the charts you will feel it is like the chart of bitcoin market in early 2015 where it gets doubled by the end of the year.

if this is a repetition i think that the next stop should be in $30k or so and won't drop below $12k soon.

amaydel

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Seems agreeable because bitcoin is just hovering in the 10,000$ to 11,000$ mark. Looks like there is a resistance already at 12,000$ but we just don't know it'll break this month because i know bitcoin is full of surprises.

Pursuer

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whatever price the resistance is staying at, the most important thing to remember is how the price has been performing in the past month (~27 days) ever since the big bottom was reached!
we have been having a nice uptrend forming up. each time price rises to a new high which is higher than the previous one and then a correction occurs and the price that it drops down to is higher than the previous low. and with this higher highs and higher lows we are seeing a very nice uptrend.
even the bigger drop during 20-26 of February can be considered a temporary set back on this uptrend.

timerland

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Quote from: AICoin_Official on March 03, 2018, 06:17:40 AM

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

So far the strongest/most resistance is actually $11500-11800 which we have failed to breach on two attempts now. And that is obviously clearly mentioned in the article as well. We've been hanging around this $11k level for a few days, now.

While it could be possible that $12500 is going to be a strong resistance once we go over $12k, I think that we need to get to the top half of the $11000 region first before speculating on any further resistances. That, in essence is the first hurdle.

I personally expect though that the $12.5k resistance be lower than what the $11500 resistance is presenting us right now, as well as $12k. The momentum when BTC gets over $12k which has been resistance last month will mean that it'll get pushed over $12.5k quite easily.

mia khalifa

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Quote from: AICoin_Official on March 03, 2018, 06:17:40 AM

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

yes I agree with you but chances are it's still able to go up again because it's still the beginning of the month we have to see it until the end of the year because the bitcoin rise will be at the peak when the end of the year.

pereira4

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The longest term ceiling resistance since the $19,600 peak was broken on march 1 when it crossed the line and we were able to close the day at $11,500 which was what gave me confidence to call a long, and so far im doing great. Now we just need to get past $12,000 line and close above it and I would be ready to call $5,950 the bottom... many others agree with this view.

All the people that panic sold at the bottom will start getting back in and we will go barabolic again, probably $30,000 ish will be the next all time high if not higher.

bocyaj

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Quote from: Oceat on March 04, 2018, 08:50:37 AM

Quote from: darkangel11 on March 03, 2018, 12:56:23 PM

It amazes me that the price is struggling so much at the 11000s, but on the other hand it's great that we're staying here for so long and not in the 9k area. The last huge support that we stayed for that long was that 3,5 -4,5k in 2017. If you compare the charts it was almost the same market behavior with people thinking that it wasn't going to go much higher. This caused them to sell every time it went up by over $500 slowly stopping the push towards a new ATH. Nowadays people are trying to take short term profits but the price is still slowly moving up. That's why another breakout is inevitable, just like it was in 2017.

I would agree on this, at least this is the highest peak now compared to previous weeks which is felt so down. And to again slowly to $12,500 is still a bit harder than i've expected compared to the main ATH which is $20k and yeah people are trying to take a small step on it just to take a small profit from it but the odds are not too kind. Day traders now are eager for the new resistance that will hit it slowly.

Now the price of bitcoin is start to increase to high value.So with in this month,the price of bitcoin will reach 13,000$.I had seen in crypto news,bitcoin will reach 15,000$ soon.This is due to the acceptance of bitcoin in American and UK Bank.This will happen so,the price of bitcoin will reach the moon.

babygun

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Quote from: darkangel11 on March 03, 2018, 12:56:23 PM

It amazes me that the price is struggling so much at the 11000s, but on the other hand it's great that we're staying here for so long and not in the 9k area. The last huge support that we stayed for that long was that 3,5 -4,5k in 2017. If you compare the charts it was almost the same market behavior with people thinking that it wasn't going to go much higher. This caused them to sell every time it went up by over $500 slowly stopping the push towards a new ATH. Nowadays people are trying to take short term profits but the price is still slowly moving up. That's why another breakout is inevitable, just like it was in 2017.

Short term trading on bitcoin can be very lucrative if your timing is correct. I think the price will continue to struggle, for the coming weeks, to pass the
12 000 $ mark until some big news will be released, like the launch of the lighning network.

Oceat

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Quote from: darkangel11 on March 03, 2018, 12:56:23 PM

It amazes me that the price is struggling so much at the 11000s, but on the other hand it's great that we're staying here for so long and not in the 9k area. The last huge support that we stayed for that long was that 3,5 -4,5k in 2017. If you compare the charts it was almost the same market behavior with people thinking that it wasn't going to go much higher. This caused them to sell every time it went up by over $500 slowly stopping the push towards a new ATH. Nowadays people are trying to take short term profits but the price is still slowly moving up. That's why another breakout is inevitable, just like it was in 2017.

I would agree on this, at least this is the highest peak now compared to previous weeks which is felt so down. And to again slowly to $12,500 is still a bit harder than i've expected compared to the main ATH which is $20k and yeah people are trying to take a small step on it just to take a small profit from it but the odds are not too kind. Day traders now are eager for the new resistance that will hit it slowly.

1Referee

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Quote from: Wind_FURY on March 04, 2018, 01:29:09 AM

I will only consider a situation that we are out of the "bear zone" if Bitcoin reaches the all time high again and turn that into the new support. If not, then it's pointless discussing any points of "resistance" under the all time high in my opinion.

It's more pointless to talk about an all time high (that's totally not even part of the question), than about resistance points below that. The all time high you are referring to is an absolutely inflated peak that by far didn't represent the progress that crypto in its entirety has booked in the last years. It was nothing more than blind speculation regarding the future markets and fomo that drove the price up to near $20,000 levels. The majority of the people look at current levels as being very low, and dumped down badly, while in reality, we're doing great as long as we remain hovering over the $10,000 level. Speculative peaks don't represent actual all time highs, but yet people consider them to be the main benchmark levels. Roll Eyes

alyssa85

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Quote from: imapessimist on March 03, 2018, 08:42:14 AM

I don't understand this rise at all. Why is anybody buying at 11.4k. I'd say it's price manipulation by whales so can't be sustained. Or maybe it can. If they have got enough money.

It's traders/scalpers. They are buying and then selling for a few percentage points within a narrow range.

reliable

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Quote from: imapessimist on March 03, 2018, 08:42:14 AM

I don't understand this rise at all. Why is anybody buying at 11.4k. I'd say it's price manipulation by whales so can't be sustained. Or maybe it can. If they have got enough money.

This is the price stability and it is providing the resistance at this level due to which fall back does not seems to happen anytime now it seems. Also why not people will buy at this level when they truly believe in btc and its power to rise back quickly. Years on btc has being proving that how much demand and rise it can provide in quick time and no one would like to miss such an opportunity.

Wind_FURY

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I will only consider a situation that we are out of the "bear zone" if Bitcoin reaches the all time high again and turn that into the new support. If not, then it's pointless discussing any points of "resistance" under the all time high in my opinion.

magneto

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Quote from: AICoin_Official on March 03, 2018, 06:17:40 AM

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

I'd say that the strongest resistance should be at $12k, still. The highest point during this stretch of recovery from the dump down to $6k was around $11,900 as per coinmarketcap stats, which means that $12k is obviously a huge resistance.

We're seeing a small pullback as well at the moment, with price going slightly down today with a -1.5% growth.

Expect some consolidation at $10,500-11,500 with this $1k window before any moves upwards. And when it does move upwards it'll go directly to test that $12k resistance. If it is indeed broken then $12500 shouldn't be an issue.

slyfox

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Quote from: imapessimist on March 03, 2018, 08:42:14 AM

I don't understand this rise at all. Why is anybody buying at 11.4k. I'd say it's price manipulation by whales so can't be sustained. Or maybe it can. If they have got enough money.

I'm confused as well what made the price of bitcoin to surpass 11k it was just the demand or there was a positive news somewhere that I missed because for what I can see there is not much of a reason for the price increase and if that is the case then it is likely we will return to sub 11k prices relatively soon.

pitiflin

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If the resistance is for now, it is not exactly resistance. The markets will soon cope up and most probably we can see the prices going up. I am not sure if I am surprised that there is not much change in the markets, given the history of bitcoin and its volatility or that rather see that there is hardly anything going around. Only lame shit all over the world. Saddening reality.

darkangel11

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It amazes me that the price is struggling so much at the 11000s, but on the other hand it's great that we're staying here for so long and not in the 9k area. The last huge support that we stayed for that long was that 3,5 -4,5k in 2017. If you compare the charts it was almost the same market behavior with people thinking that it wasn't going to go much higher. This caused them to sell every time it went up by over $500 slowly stopping the push towards a new ATH. Nowadays people are trying to take short term profits but the price is still slowly moving up. That's why another breakout is inevitable, just like it was in 2017.

Kemarit

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Quote from: AICoin_Official on March 03, 2018, 06:17:40 AM

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

Here's my personal view. We have previously seen that we are able to see the price go up as high as $11700. But it seems that it can pushed after that, and what's worst is that it went down below $9,000. Currently we are in that range again, but the volume seems very week. So I'm afraid that we might be stuck at that range ($11,500-$11,700) unless fresh blood enter the ecosystem to push against this big wall in front of us. This will be like the 3rd or 4th time to try and test this mental barrier. If we succeeded in the next coming day go and attempted $12,000 then the bears will be no answer and the bullish sentiment will emerges.

staywoke081

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My feeling was that if we surpass 11,700$ we are pretty golden to make a run here. Not saying we will moonshot or go nuts, but testing that ATH will be more likely in the coming months if we pass that resistance.

Topic: Do you guys agree that $12,500 remains the most resistance for now? (Read 267 times)