Topic: Everything is on FIRE today! (Read 488 times)
Seems like it was just whale play, preying on the XRP court case to pump & dump everything. Typical Bart Simpson formation (if you know, you know). We will explode upwards at some point, not too long away but now it seems is not the time.
>snip
Maybe for you not, because you are already used to, on seeing these price ranges but for them it is, maybe because they recently join crypto specifically when crypto values are still low. I think that is 1 or 2 months ago. Indeed, Bitcoin is a highly volatile crypto and that is responsible for the rapid decrease or increase in its value but there are still times ( like for example, last time ) where Bitcoins value became stagnant.Sometimes people were amazed after seeing BTC becoming active again that they forget the fact that it's only normal. Not all movements of crypto has a reason but sometimes their movement are only natural.
I just want to continue to develop my ability to adjust investment risk in the long term. I do not use bitcoin as a store of value asset, but the bitcoin that I own is an investment asset that should be expected to give me a worth it return. It takes time and strategy adjustments, and in the future we will be better.
If Bitcoin is not volatile it can be said that the value of Bitcoin is predictable. So because of the fact that it is an unpredictable in the market because of the volatility that it has and even other crypto assets.
Today, most Bitcoin holders to make sure they hold it long-term like land that over time increases in value in the market because the value will increase for sure in the future, but if you only hold it in the short-term then it is possible that you will lose money quickly especially if you enter trading with a lack of knowledge.
referring back to first original post, OP is very scared of price dropping lower. He even mentioned other asset classes to support his claim that maybe price of BTC, altcoins, silver, and gold is likely to go lower. But if you look at the price chart right, it actually is going higher. That is what you called volatility. Volatility added with uncertaity will result unreasonable fear for all investors be it long term or short term.So anyone who sell on june, is likely to regret not holding it thru july and august which supposedly in profits.
>snip
Maybe for you not, because you are already used to, on seeing these price ranges but for them it is, maybe because they recently join crypto specifically when crypto values are still low. I think that is 1 or 2 months ago. Indeed, Bitcoin is a highly volatile crypto and that is responsible for the rapid decrease or increase in its value but there are still times ( like for example, last time ) where Bitcoins value became stagnant.Sometimes people were amazed after seeing BTC becoming active again that they forget the fact that it's only normal. Not all movements of crypto has a reason but sometimes their movement are only natural.
I just want to continue to develop my ability to adjust investment risk in the long term. I do not use bitcoin as a store of value asset, but the bitcoin that I own is an investment asset that should be expected to give me a worth it return. It takes time and strategy adjustments, and in the future we will be better.
If Bitcoin is not volatile it can be said that the value of Bitcoin is predictable. So because of the fact that it is an unpredictable in the market because of the volatility that it has and even other crypto assets.
Today, most Bitcoin holders to make sure they hold it long-term like land that over time increases in value in the market because the value will increase for sure in the future, but if you only hold it in the short-term then it is possible that you will lose money quickly especially if you enter trading with a lack of knowledge.
As of this writing our beloved Bitcoin is on fire as well as it's derivatives and shitcoins.
Rate hikes immanent and market backing up a bit.
The Blackrock ETF as they have a 500 to 1 SEC success rate.
Solid ground for sound money or is this a FOMO perfect storm?
I can understand the BR ETF exciting the market (the others are crappy spot ETF apps)
But why is the market other than BTC on fire? One must dial back the optics and look at everything.
Is this FOMO? As in another thread have we decoupled?
Trying to understand why the whole spectrum is overheating.
Silver/Gold is dropping as well that trade generally opposite of BTC.
What's going on?
I also thought that day it is really fire and burning but after a day? stagnant once again at 30k and sill struggling to climb up bu t at least this is the strongest position of bitcoin for the whole year for me (not unless there comes new in the next months before it ended)Rate hikes immanent and market backing up a bit.
The Blackrock ETF as they have a 500 to 1 SEC success rate.
Solid ground for sound money or is this a FOMO perfect storm?
I can understand the BR ETF exciting the market (the others are crappy spot ETF apps)
But why is the market other than BTC on fire? One must dial back the optics and look at everything.
Is this FOMO? As in another thread have we decoupled?
Trying to understand why the whole spectrum is overheating.
Silver/Gold is dropping as well that trade generally opposite of BTC.
What's going on?
Just be careful guys and girls because, as you are not aware yet, with this kind of event, there will be always a "buy the news sell the rumors"
Some could be already dumping on you while you are making your entry.
What I want is always verify and do research, because these fundamental news could be some misunderstand by some news provider or some are false, etc.
well at least there are some instance that rumors and news brings differently Some could be already dumping on you while you are making your entry.
What I want is always verify and do research, because these fundamental news could be some misunderstand by some news provider or some are false, etc.
and hoping that there will be great we can expect this time and next.
This is very volatile time frame where Bitcoin is trying to break the resistance and hold with the support.
The current news with SEC is still blocking BTC from reaching the peak again, well FUD is everywhere and whales also want such FUD. The market will soon hit the peak again, we just need more good news and good updates from the other projects, and this FUD will turn into FOMO again.
We may have left the FUD behind but I do not think it is going to transform itself in FOMO so soon, without a doubt the market is doing way better than that I thought it would but to think FOMO is coming is simply too much for me, especially since the halving is still kind of far away and as we know it also takes some time for the market to gain momentum once the halving has taken place, and if anything I think we may remain at the current levels for some time before an important upwards movement gets to happen. The current news with SEC is still blocking BTC from reaching the peak again, well FUD is everywhere and whales also want such FUD. The market will soon hit the peak again, we just need more good news and good updates from the other projects, and this FUD will turn into FOMO again.
Dude, if you really want to know why the market has been on fire the past few days you should turn back the optics and take a wider view and look at how the stock, real estate, commodity, and other investment markets are performing. They are all connected in one way or another. So it's not just the BTC craze in the market, but a lot of other things too. To find out, we have to take a step back and look at the bigger picture.
Sometimes it's also good to take a step back so you can see and understand market conditions that have occurred in a number of things, such as stocks, real estate, commodities, and also the crypto market. Because market fluctuations and movements always occur, whether or not many investors enter it, as well as day traders who can also have an effect on market conditions even though they are sometimes only in the market for a short time. So the changes seen in any market will always occur every year so it's only natural that most people often see two different conditions in any market.Quote
But, today it's all smiles again BTC has shown its power. BTC is going towards $48K in the next 2 months time. but if stupid FUD doesn't hit that makes investors' guts go out and they are lazy to enter the market again.
Those who smile are only those who have bought at low prices and those who still have a very large amount of Bitcoin, because the price increase that is happening to Bitcoin is one way to recover asset value which is quite good for now. And for FUD, I don't think it will matter too much if there is more good news from certain FUDs, which are always deliberately created by several people at any moment. Because the goal is none other than to make all investors panic and lazy to enter the market to invest.True, if this looks like a race, markets also have moments of uncertainty and tension for sure. The emergence of slightly negative economic news plus the fluctuating policies of the government as well as current global events, it's like an unexpected sharp turn. Yes. They can cause sudden price movements and affect traders' performance and give everyone a headache. So, what your pridiction for BTC for Next years??
I don't understand what red market you are talking about. Almost all coins are going up today. Many are up more than 30%. Yes, bitcoin has not passed 31k yet, but 30k was broken this week. The market is all green today and I hope that this month will close high for bitcoin and altcoins to continue rising next month.
Don't use the 24-hour percentage change as your benchmark, but try to analyze it on which varies TF. You would know that some correction has taken place over the past week, even if you see green now. Even in the past few hours, bitcoin had tested the $29k support where the price bounced back up after touching $29.5k.We are currently only hours away from closing prices in June. In a few hours we will enter July, and hope for the best.
If bitcoin manages to close by $30k and above in the next few hours, then I'm optimistic $35k might be hit in July. There's no certainty about the speculation, but we can do some analysis.
The current news with SEC is still blocking BTC from reaching the peak again, well FUD is everywhere and whales also want such FUD. The market will soon hit the peak again, we just need more good news and good updates from the other projects, and this FUD will turn into FOMO again.
just look at the bright side of things brought by FUD or FOMO out there. it will keep people talking about this market. and people will be curious as to what will happen next. hence, they will continuously observe this market and wonder when will be a good time to hold some.
I don't understand what red market you are talking about. Almost all coins are going up today. Many are up more than 30%. Yes, bitcoin has not passed 31k yet, but 30k was broken this week. The market is all green today and I hope that this month will close high for bitcoin and altcoins to continue rising next month.
Don't use the 24-hour percentage change as your benchmark, but try to analyze it on which varies TF. You would know that some correction has taken place over the past week, even if you see green now. Even in the past few hours, bitcoin had tested the $29k support where the price bounced back up after touching $29.5k.We are currently only hours away from closing prices in June. In a few hours we will enter July, and hope for the best.
If bitcoin manages to close by $30k and above in the next few hours, then I'm optimistic $35k might be hit in July. There's no certainty about the speculation, but we can do some analysis.
Let us believe very strong that nothing will happen into block chain on those things we are seeing there is a threat which we know, when I was reading the history of bitcoin I discover that before bitcoin stand to this form it has undergoes many struggles and I believe that bitcoin can never be destroy by any arm, the marketcap of bitcoin is rotational so let anyone no contrary the sec and bitcoin, because regulation of bitcoin market is paramount which the price of bitcoin can be 30k and before some weeks ahead the price will diminished , and we know that values of bitcoin is not constant
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
$31k is quite a strong resistance and currently, BTC is still on standby at $30k. If Bitcoin is able to pass $31k this will be a good trend going forward. But if Bitcoin rebuilds the Double Top it will indeed be dangerous, there will be a deep enough correction before Bitcoin is finally able to break the highest price again this month.
The correction will clearly occur because the market already looks saturated, these few days Bitcoin is still at $30k, if the correction will be in the $27k price area. But if it is held back with some positive news maybe the correction will not be too deep.
What is certain is that you must be prepared with all conditions.
If the correction doesn't take place and the price manages to go up again from here and crosses $31k, we might see it touching $35k for the first time in two years which will be a great way to raise up the confidence in retail investors and make them have some faith and more patience to hold.
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
$31k is quite a strong resistance and currently, BTC is still on standby at $30k. If Bitcoin is able to pass $31k this will be a good trend going forward. But if Bitcoin rebuilds the Double Top it will indeed be dangerous, there will be a deep enough correction before Bitcoin is finally able to break the highest price again this month.
The correction will clearly occur because the market already looks saturated, these few days Bitcoin is still at $30k, if the correction will be in the $27k price area. But if it is held back with some positive news maybe the correction will not be too deep.
What is certain is that you must be prepared with all conditions.
If the correction doesn't take place and the price manages to go up again from here and crosses $31k, we might see it touching $35k for the first time in two years which will be a great way to raise up the confidence in retail investors and make them have some faith and more patience to hold.
>snip
Maybe for you not, because you are already used to, on seeing these price ranges but for them it is, maybe because they recently join crypto specifically when crypto values are still low. I think that is 1 or 2 months ago. Indeed, Bitcoin is a highly volatile crypto and that is responsible for the rapid decrease or increase in its value but there are still times ( like for example, last time ) where Bitcoins value became stagnant.Sometimes people were amazed after seeing BTC becoming active again that they forget the fact that it's only normal. Not all movements of crypto has a reason but sometimes their movement are only natural.
I just want to continue to develop my ability to adjust investment risk in the long term. I do not use bitcoin as a store of value asset, but the bitcoin that I own is an investment asset that should be expected to give me a worth it return. It takes time and strategy adjustments, and in the future we will be better.
Is it really on fire, like you said? Well, i don't think it is. I just think it has been a characteristic of Bitcoin that sometimes the market falls so drastically, just like it took a sharp drop some weeks ago when people were asking what the cause of the fall was. That's also how it has taken a sharp uptrend, and some people are making assumptions about what they think is making the price really spike with just an interval of a few days.
Maybe for you not, because you are already used to, on seeing these price ranges but for them it is, maybe because they recently join crypto specifically when crypto values are still low. I think that is 1 or 2 months ago. Indeed, Bitcoin is a highly volatile crypto and that is responsible for the rapid decrease or increase in its value but there are still times ( like for example, last time ) where Bitcoins value became stagnant.Sometimes people were amazed after seeing BTC becoming active again that they forget the fact that it's only normal. Not all movements of crypto has a reason but sometimes their movement are only natural.
I can't say exactly what the main reason for going up or not going up, but I can say that we are not buying as much as we bought during the increase. This means that people had a reason to buy bitcoin all the way from 25k to over 30k, all that increase which is a lot meant something and I understand that, but those same people who took it from 25k to 30k do not have any reason to keep going.
It is not going to change much anytime soon but I think it's quite obvious that those people not buying made the price stay as it is right now and that's the problem. As long as it stays like this, there isn't really any reason to keep it going anytime like this for long. Just realize that this is the main reason we are not going, people are not buying like they did.
It is not going to change much anytime soon but I think it's quite obvious that those people not buying made the price stay as it is right now and that's the problem. As long as it stays like this, there isn't really any reason to keep it going anytime like this for long. Just realize that this is the main reason we are not going, people are not buying like they did.
Most likely, it's the FOMO that we have seen in the last week or so, that's why there is a huge buy at investors are pushing for at least $31k at the end of the month. And because of the obvious bitcoin spot ETF application by Blackrock and other big institutions.
We need certain news like this to keep people buying. In the last 2-3 months, no positive news that why the market just stay in the $26k levels. It become boring, until lately as I have said, Blackrock started the trend and then everyone jump on the bandwagon and buy. Even Microstrategy, I forgot to mention has also bought as the news says.
I can't say exactly what the main reason for going up or not going up, but I can say that we are not buying as much as we bought during the increase. This means that people had a reason to buy bitcoin all the way from 25k to over 30k, all that increase which is a lot meant something and I understand that, but those same people who took it from 25k to 30k do not have any reason to keep going.
It is not going to change much anytime soon but I think it's quite obvious that those people not buying made the price stay as it is right now and that's the problem. As long as it stays like this, there isn't really any reason to keep it going anytime like this for long. Just realize that this is the main reason we are not going, people are not buying like they did.
It is not going to change much anytime soon but I think it's quite obvious that those people not buying made the price stay as it is right now and that's the problem. As long as it stays like this, there isn't really any reason to keep it going anytime like this for long. Just realize that this is the main reason we are not going, people are not buying like they did.
If you continue to believe that the price is on fire and that you will miss the investment opportunity, it is better not to invest, because the decisions you make at that time are mostly wrong.
All the positives that you mentioned may not move the price in any direction, and therefore when you invest, do not look for it, but rather look for negative news, if it appears in abundance without any logical justification for it, then this is a suitable opportunity to buy because the feeling of fear is stronger than greed, and many may sell for those levels, especially if they continue Negative news and vice versa may not necessarily be true.
As a technical analysis, we have closed above the Momentum Reversal Indicator’s (MRI), which means the possibility of testing the resistance level at $35,260, although I do not think it will be broken, but if it is broken, we will be near $40,000 soon.
All the positives that you mentioned may not move the price in any direction, and therefore when you invest, do not look for it, but rather look for negative news, if it appears in abundance without any logical justification for it, then this is a suitable opportunity to buy because the feeling of fear is stronger than greed, and many may sell for those levels, especially if they continue Negative news and vice versa may not necessarily be true.
As a technical analysis, we have closed above the Momentum Reversal Indicator’s (MRI), which means the possibility of testing the resistance level at $35,260, although I do not think it will be broken, but if it is broken, we will be near $40,000 soon.
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
$31k is quite a strong resistance and currently, BTC is still on standby at $30k. If Bitcoin is able to pass $31k this will be a good trend going forward. But if Bitcoin rebuilds the Double Top it will indeed be dangerous, there will be a deep enough correction before Bitcoin is finally able to break the highest price again this month.
The correction will clearly occur because the market already looks saturated, these few days Bitcoin is still at $30k, if the correction will be in the $27k price area. But if it is held back with some positive news maybe the correction will not be too deep.
What is certain is that you must be prepared with all conditions.
hits up that point.Now the price is stagnant or moving sideways playing on 30K+ and we dont actually know on where it would really be heading on next days or weeks to come. If we would be moving sideways then
there's really that might some small scale accumulation despite of having minimal movements. This is the time on which it is really hard to make out decisions on which we cant really be able to assure
whether the price would be heading up or down.
TA is really showing some possible bearish sentiments on which same as you said that if it would be having that Doubletop form then we can assume on next to have correction.
DXY or Dollar index up quite strongly today, 1% would be big but its over half that so since the low early Tues its recovered everything that was lost in the last week which equates to a bit of a sell overall across multiple markets. Apart from Japan who did well early on and have been seeing outperformance. BTC is slightly weaker but considering its often large moves this is noise and hard to judge on, below 2 day and weekly average for the moment, how it closes this week is more important then its wavering during the week.
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
$31k is quite a strong resistance and currently, BTC is still on standby at $30k. If Bitcoin is able to pass $31k this will be a good trend going forward. But if Bitcoin rebuilds the Double Top it will indeed be dangerous, there will be a deep enough correction before Bitcoin is finally able to break the highest price again this month.
The correction will clearly occur because the market already looks saturated, these few days Bitcoin is still at $30k, if the correction will be in the $27k price area. But if it is held back with some positive news maybe the correction will not be too deep.
What is certain is that you must be prepared with all conditions.
Right. FOMO only lasts a few days if the momentum doesn't continue.
During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
I think it could be disbelief as well. But what it's worth i am not in a financial position to enter markets now, so gladly i don't have to make the decision to enter. Otherwise i think i would be fomoing in now but i am not that sure that i would take a loan for it. Times are just too hard right now to risk anything. I am guessing this is the place in the time and chart where whales are being made. And i am totally missing out because of fear.During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
I need more stability to my income before i start to enter again.
That's one reason why I think disbelief is a possibility too...a lot of people are in that position, both online and offline (from my view). Everyone is working hard to be able to buy some coins, now or at a good price point. It would make sense for bull to start now so people miss out, economically speaking from a cruel, wealthy/elitist perspective, that would make sense.
If we look at it idealistically, ETF approval issues, coinbase issues, mtgox sell off, US seized coins (30k+btc left) sell off are all things that could push the price down. It depends how much liquidity is supporting the current price though, and institutional demand.
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