Either rise or dip no more stability at this zone

MarjorieZimmermanGinger

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Quote from: Kemarit on February 13, 2022, 10:43:47 PM

Quote from: gabbie2010 on February 13, 2022, 10:44:43 AM

With reference to BTC/USD daily frame a higher low was formed on 03/02 if today's daily candlestick closed as a bullish candlestick another higher low will be formed invariably indication of bullish sentiment in days ahead, in addition the price breakthrough a resistance at $41700 and retraced to turn the resistance to a support, my prediction is that the bulls are getting set to take over the market after the minor correction provided that their is no negative fundamental news that may mar the bullish run.

That resistance is the support right now, $41,700, so let's see if this is going to be broken as we are very close to it.

Regarding the looming war between Russia and Ukraine, yeah it could affect the market price. However, it might be short term though. Crypto investors are wise, if they see that the price is going down, for sure there could be whales willing to scoop that cheap Bitcoin again.

Do you think the condition of bitcoin is very influential with the issue of war looming over Russia and Ukraine, isn't it the superpowers who are able to make things possible, because they are the ones who are able to manage the dollar and the largest investment in crypto, I agree that investors are wiser there than the pope, but the extent to which investors can influence bitcoin in general, price support is also approaching $45-50 which is a sign that the issue is not affecting in general.

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Quote from: gabbie2010 on February 13, 2022, 10:44:43 AM

With reference to BTC/USD daily frame a higher low was formed on 03/02 if today's daily candlestick closed as a bullish candlestick another higher low will be formed invariably indication of bullish sentiment in days ahead, in addition the price breakthrough a resistance at $41700 and retraced to turn the resistance to a support, my prediction is that the bulls are getting set to take over the market after the minor correction provided that their is no negative fundamental news that may mar the bullish run.

That resistance is the support right now, $41,700, so let's see if this is going to be broken as we are very close to it.

Regarding the looming war between Russia and Ukraine, yeah it could affect the market price. However, it might be short term though. Crypto investors are wise, if they see that the price is going down, for sure there could be whales willing to scoop that cheap Bitcoin again.

adaseb

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Right now it seems the markets are rattled by what is going on with Russia and Ukraine. I think we will know more as the week progresses however if there is some type of conflict that actually does start then there will be a mass sell off in all markets. Except perhaps the oil markets which look like they will break $100 pretty soon.

I remember Russia and Ukraine had this issue in the past and nothing came of it and the stock market kept rallying anyways. I think this was in 2014 or so. So there is a good chance people are panicking over nothing. However I would be cautious taking any positions in this area.

philipma1957

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it is in a 28.8k to 68k slot

it has been in this slot since December 2020

my best guess is we stay in this slot all of 2022

and we are neither bear or bull and have not been bear or bull for a while.

we will end up ⬆️ with a lot of noise about bulls and bears but most likely bear is <28k for three or more months and bull is 70k for three or more months.

my bet is neither happen for all of 2022.

lets see if i am right.

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Quote from: LFC_Bitcoin on February 13, 2022, 08:39:12 AM

I feel like the market is going to make a significant move in either direction soon. Bitcoin as we know is not a stablecoin, it’s still a young asset so volatility is still very much present. I don’t know if it’ll be a bullish or bearish move but something significant is going to happen soon. I don’t think we will stay in the current price range for long.

After the pullback, I’m pretty sure they’ll start to rise again same thing with ETH, the price has become more stable and the price of ETH already hit the bottom last Month.

We know good altcoins can really survive the bear market and since ETH is on top of every altcoins, there are more reason for them to rise again. ETH will be big especially when the update is done, and if they can solve the fees problem.

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Quote from: LFC_Bitcoin on February 13, 2022, 08:39:12 AM

I feel like the market is going to make a significant move in either direction soon. Bitcoin as we know is not a stablecoin, it’s still a young asset so volatility is still very much present. I don’t know if it’ll be a bullish or bearish move but something significant is going to happen soon. I don’t think we will stay in the current price range for long.

On contrary I believe that it will be boring for the next period, but even if a significant one happens, I am guessing that it would be upside since we already lived the downside already. At the end of the day, bitcoin is not only young (only 11-12 years old) but it is also not regulated like the other markets.

I mean Elon could phone up Jeff and warren and bill to get together 50 billion dollars and buy that OTC and wait for the market to react to this news and increase like insanely, do 2x and then he could call them up and all would sell on OTC and the price could go down because of that bad news and they could buy even cheaper and would both have their money and their bitcoin at the same time. If they did that on stock market they would be punished like crazy but if they do that on bitcoin nothing happens to them and that is the main reason for volatility.

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Quote from: LFC_Bitcoin on February 13, 2022, 08:39:12 AM

I feel like the market is going to make a significant move in either direction soon. Bitcoin as we know is not a stablecoin, it’s still a young asset so volatility is still very much present. I don’t know if it’ll be a bullish or bearish move but something significant is going to happen soon. I don’t think we will stay in the current price range for long.

While bitcoin remains to be volatile, bitcoin price will never be constant for long, it will always show significant moves either in a bullish or bearish way. But one thing is certain, every year a new peak will be reach which also means the peak we will be achieving this year is higher than those of the previous years. However, we cannot expect for bitcoin to reach stability zone, instead, expect it to have more price fluctuations. That makes it highly different from the global currency.

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With reference to BTC/USD daily frame a higher low was formed on 03/02 if today's daily candlestick closed as a bullish candlestick another higher low will be formed invariably indication of bullish sentiment in days ahead, in addition the price breakthrough a resistance at $41700 and retraced to turn the resistance to a support, my prediction is that the bulls are getting set to take over the market after the minor correction provided that their is no negative fundamental news that may mar the bullish run.

LFC_Bitcoin

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I feel like the market is going to make a significant move in either direction soon. Bitcoin as we know is not a stablecoin, it’s still a young asset so volatility is still very much present. I don’t know if it’ll be a bullish or bearish move but something significant is going to happen soon. I don’t think we will stay in the current price range for long.

yhiaali3

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Yes we are, we are now in that middle zone between the big rise or the big drop, I think according to my personal opinion (away from technical analysis) that we will soon witness a launch of Bitcoin towards a new top, I do not know how and when, but I am sure that we will see that soon, This is just a feeling, but of course feelings have nothing to do with market making. Market making depends on real data on the ground and on analyzes and big news, so we have to sit and watch and be patient until that time.

Findingnemo

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It is highly unstable but stays in the 42K to 46K region for considerable amount of time so we can't really say that it is going somewhere which could be the lowest or highest. I thought we entered bearish trend when BTC dumped in last Dec but still it is managing and hanging around at this region after so many dumps so there is a strong resistance to break between 40 to 45 before going anywhere.

Ararbermas

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For me i'm very positive as well that bitcoin will gonna break those resistance above since market is already showing green. and also based on the structure of bitcoin using daily time frame and 1 week in my views it seems the new higher high will be around 70k.. Why? Well the key levels still uptrend in higher time frame wherein it showing HH and HL and it respecting the current demand zone as well..

Johnyz

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Quote from: adaseb on February 09, 2022, 10:16:09 PM

Tomorrow many traders will be watching the CPI print. However judging how the stock market performed today I think it was already leaked.

If the stock market can make a new ATH in the next few weeks then obviously Bitcoin can make another attempt into the $60K range and maybe head to $70K this time.

Currently we are at resistance and there might be a short term pullback from here.

What stock market to watch for?
Anyway, Bitcoin is doing great and is able to sustain its momentum at the level of $44k if BTC breaks another resistance then I can confirm that this is not a bull trap anymore but a real recovery. We might still see some corrections which is normal, but still the up trend will continue since the market was already hit the bottom and the chart says that time BTC was oversold. BTC will rise this year, I'm too positive on this, will keep my opens for the rest of the trend. Shocked

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Quote from: kentrolla on February 09, 2022, 02:22:53 AM

Looking at last few months I think the market is at the verge of either rising further and moving towards new ATH or else it will drop further to a new low (very unlikely) but it will not hang on to the current zone of stability. I am using Bitcoin as a reference as it will either break $50k and rally towards $70k or else go back to under $40k as it cannot stay over $40k and below $50k for longer period of time.

I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?

Personally I believe Bitcoin will return to the green lane, but not in the near future, prices now range at $ 40-50k, meaning the price stage is still in this range without moving far, then if you pay attention to the market conditions that are being corrected, it does not allow recovery In the near future, so to reach the new ATH is likely in mid or later this year, if the 2021 scheme is repeated this year, it is certain that Bitcoin will reach its highest price.

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I really hope that the price will not go below $43k because that can make a panic moment for traders as they already made a nice profit before. If there is a correction to the lower price, it will become a good time to buy back after selling some. I am still waiting for a while as a few hours ago, I see the red candle appear at the market so I do not decide to enter. If the situation is still like this, maybe I will try to buy some satoshi to retest the price and see later. This situation confused me to decide and I just let it happen and hopefully, everything will be okay and the price can increase back to $45k or more.

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Quote from: kentrolla on February 09, 2022, 02:22:53 AM

(....)
I will not go deep into further analysis as most of the time they are inaccurate hence would like to go ahead with market emotions. What's your take on this? Are We at the most crucial part situation between major rise and bear market?

My take on this is since we already broke $40,000, the $40,000 now will act as a support, started we broke $30,000 last year, the $10,000 increment of price of Bitcoin is become psychological support and resistance, even if you take a look on our all-time-high which is around $69,000.
So, the bounce recently is good for me and very bullish since we are back at $40,000 again.

adaseb

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Tomorrow many traders will be watching the CPI print. However judging how the stock market performed today I think it was already leaked.

If the stock market can make a new ATH in the next few weeks then obviously Bitcoin can make another attempt into the $60K range and maybe head to $70K this time.

Currently we are at resistance and there might be a short term pullback from here.

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Quote from: TravelMug on February 09, 2022, 08:46:43 PM

Nah, I don't think that we will be in stable, maybe what you meant is sideway trading, but still there is so much volatility in this market that it's hard to say for certain that it will stay on a certain line for even days.

Just like what we have seen again in the last 24 hours, the price goes up and trying to break that $45k barrier. This might be the second attempt and if we are successful then it will definitely go so somewhat in the $46k-$48k'ish level this month. Or if we failed again, then it will go south.

I think the same as you at this moment. The price is not going up or down and tends to stay at the current price.
Maybe if the price jumps and surprises us by increasing to $46k-$50k will change the trends will become bullish and at that moment, that can attract more investors to join, although the price is a bit too high for them.
The barrier of $45k seems too strong to break but I am sure that it will be a break in this month if no bad news is coming to the market.
It is exciting to follow the price movements because sometimes, the price can surprise us by giving us a chance to buy at a flash dump or pump.

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Nah, I don't think that we will be in stable, maybe what you meant is sideway trading, but still there is so much volatility in this market that it's hard to say for certain that it will stay on a certain line for even days.

Just like what we have seen again in the last 24 hours, the price goes up and trying to break that $45k barrier. This might be the second attempt and if we are successful then it will definitely go so somewhat in the $46k-$48k'ish level this month. Or if we failed again, then it will go south.

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Quote from: hatshepsut93 on February 09, 2022, 11:39:53 AM

You can never be certain with Bitcoin, even when it comes to not staying at the same price. There were prolonged periods of time when it stayed in a relatively narrow price range, people even joked that it became a stablecoin. It's probably not very likely to happen now, because the market has been volatile all this cycle, which hasn't been fully resolved yet, but it's always a chance that the market will take a break at least for a short time and the price won't change much.

Volatility is the main factor why many people are getting into bitcoin market. Because if the price is stable, I don't think they will be very interested on this market. This is why you will notice a lot of newcomers get on board whenever there is price increase, because they are hoping they can get a hold of the possible high profit. I believe, this volatility factor will stay for years up until we see the seemingly flat line in the market price. But for now, this is what many people are taking advantage of.

Topic: Either rise or dip no more stability at this zone (Read 301 times)