Topic: Im new here but Im old trader i keep eyes on Market. - page 2. (Read 817 times)

And if many didn't noticed it yet, it's always the weekend where the action happens and as per the start of the week during Mondays, you'd see the recovery comes.

Like if you're looking at the price of Bitcoin now, it has went back to $65k which stayed on $64k for hours. But what's the sense of looking on the prices for hours if we're going long on this.

The most important part is if you did some action to retaliate the price move or if you didn't and you just watched it then another missed moment.

I also see the same way. You were right on your analysis when the market seems so bullish at first. But always know that the market won’t always stay this way as price correction will eventually appear in the market from time to time, hence giving another opportunity for all investors to buy and hold before halving and bull run come. And with the present market condition, it’s obvious that bitcoin price is certainly affected with the conflict between Iran and Israel and its price has dropped drastically. While this may cause panic for new investors who have invested a month ago, but this will offer a huge discount for all newbies who still want to enter the market and ride the bull run soon.

I agree that a sell can certainly develop and we've had more then a month for that to occur.   Its not yet set that way, I have 62k as the pivot for the market to move negatively or rebound from here.   Roughly speaking 62k is a ranged boundary for price since this higher move toppling the ATH.

There is a war occuring more then one, more then enough debt and a variety of reasons for apprehension in the market.  Never believe we cannot sell, if the trend does not deliver gains then people will leave their speculative buy alone is enough for a sell to occur.   
 
We should try to measure the strength of the move, both up and down.  Right now I think 62k is the area we close above for Sunday daily bar but also the weekly bar.  Then we will develop further based on that, so April will be about attempted recovery.

If you be a old time trader, you should already know that we have to play a role in whatever mechanism we try to employ at the same time, this is very important, so for that we can't be certain of what the price benchmark will be for Bitcoin in the next couple of days ahead and this is why we have to just make bear accurate analysis of the market and making the right decisions.
Lastly we need to pay closer attention to Bitcoin short term price movement and this way it becomes entirely clear to make at least attempts that put us not too much in a lose in both short and long term.

All right my indicators showing now that pain might be over soon.
The local support 68k strong support and not so strong resistance is 72k If it brakes 72k then the next prices will be 75-76 and then i guess 77-78k next strong resistance.
But i see now bear market done start of the bull.

Since the price of BTC is too high in the market and even though the price will reach $80k in future before you can sell, I don't think you make the right decision to buy BTC now when the price is around $69k - $70k which is the bull period for those that are still hodling to release their BTC to take profits.

If you continue buying BTC when the price is higher, it will not help you to earn what other old traders are earning from the market and it will be a good thing if you can put more eyes on market during the bear market which is the best season to spend huge amount of money to buy BTC and hodl for long.

60k-70k price range buying plan still active.
btw...whales still holding 70%-80%btc they only sold 20%-30% about they gona buy 3 times over their coins of the 20%-30%  then they can start the bull run again.
It seems like btc need to do 3 times swing down to 60k then back to 70k , i haven't counted how many times btc Went down to 60k price range but i guess it's 3 or 4th time so bullish break out very soon.
When 60k-70k price range whales buy coins in order to get their required amount of coins they need to do 3 times down and up.
I guess they use futures contracts to short down the Market and on 60k price range they have their long orders placed and on 70k price range short orders, off course short orders will be removed once they got their required amount of coins that's why bullish brake out 68k-70k price range short contracts and put options will be take from lower prices and funds for short orders will be used to push btc up with key prices where a lot shorts will be liquitated, most traders start to think that btc price to high and they will start short down btc at 75k, 77k 83k but untfortunately they will get liquitated only even the low leverage positions with 2x-3x they will add margin but still btc will go over 100k faster then they could act to add more margin.

Having that type of thing is not that complicated, it is going to be as much of a profit as we possibly could. I believe that we are going to make some money and that is not really hard to grasp for me, the increase in price is one that is quite common and will definitely be very easy to see. I think making that type of return is hardest during bear markets and most people fail to do that, if you could make that work then I am sure that people will end up with a good income.

If you want to make money during bull run, all you have to do is hold, it is that simple, if you have bitcoin already then you do absolutely nothing and it just goes back up, and you end up with a profit without worrying about much anything at all.

Your analysis was   70% correct for the past few weeks as the  bullish market is still on, Bitcoin is currently in the ATH, I can see that you are new in the forum,But if you are a trader either a long time trader or day to day trader. I would have advice you to buy and hold because this is the best time to cash out massively after the bull run is over, bitcoin will definitely hit 100k plus with no time, so buy and keep that is the best for now, And secondly the price has dropped and ready to pick up again soon.

So, at first glance, you are good at reading and taking advantage of this momentum by buying BTC, ETH and altcoins. I think you are very skilled and know who to put your biggest percentage on.

BTC had dropped to $61,645 and started to creep up to $65,450 little by little, but I think the market is currently experiencing a consolidation phase and if there is a price reversal after this temporary correction, it will certainly come from a source that provides relief from the current economic conditions. If positive sentiment continues to come, it is not impossible that what you convey will also quickly come true.

Yes. Every speech from the Fed, Jerome Powell also provides some relief if it is positive, but if the delivery leads to negative, more selling will come so that the dump will continue again.

DCA is more recommended rather than on going all in with a single entry point. We do know that this market do really have those market corrections on which it would really be just that so normal that once you would really be able to caught yourself into that dump or peak price entry then you would really be having those kind of common reactions which you would really be getting worried with it. When it comes to age then it doesnt
matter whether you are old or young it all matters with the skills and on how you would really be hovering yourself into this market. If you are some type of short trader then it would be a common approach that
you would really be actively be watching out the market so that once you have gained then you can secure your profits.

Success in trading cant really be determined in a short span of time on which it would really be just that a common thing on whatever decisions you would really be
doing on which it would be determining about the outcome.

Bullish brake out on 68-69k price.
Seems like a lot short positions will get liquitated on 75k,77k 82k
Do i think btc will reach 100k, yes i think so.

Yes i do DCA buying style always it's not smart to put all capital in once.

Wooowww the old trader is here bro and with all do my respect please share your drawing here I just want to see your perspective on the current market. My early prediction is bitcoin cant create new all time high before halving but here we are and you can take a look the chart that bitcoin already creating all time high in Q1 of 2024 this is crazy.

Do u believe if bitcoin gonna reach 100K at the end of the year?

Doesn't seem to faze on the kid though. 

If we look at the present, we can see that Bitcoin dropped from around $74,000 to around $60,000. The market increased from $60,000 and crossed $68,000 again. So right now we can see the market but it is staying between $60000 to $70000. Based on this position, it is said that Bitcoin will be between $60k and $70k before the next halving. After the halving the market may or may not dump a bit but in the next bull market the market will grow a lot and generate new ATH. Since our next bull season is coming very soon it would be better to buy bitcoins from our $60k to $70k range but even better if we can buy bitcoins using DCA method. By buying Bitcoin with the DCA method you don't have to worry about that investment anymore you can catch the next bull market without worry.

I don't change plan neither whales/instutions off course you need to make plans ahead to move right direction.
Well there is all kind of analysis, TA,whales, exchangers, instutions and a lot info on internet If you been in this game long enough then you could probably make some self analyse it doesn't take to be genius to predict btc price to be honest.

Ha this is clearly the speculation board or you were just so passed off by the shit post that you wanted to help clean the board by sending it elsewhere  , Wall Observer would be a better place to post this, but I think with this quality and faking beign a trader they would also frown on this, but anyway all opinions are accepted 🙇‍♂️

You sound so logical forgetting that things never go as planned, although personally I'm still sure we would head to 100k but this consolidation was expected, with so much pump from bitcoin price it was bound to happen.

Now back to your speculation, traders don't control the Market and to me if I was a trader you hardly gave any real speculation, just speaking here and there and none of what you said seem to have any analytical reason meaning your faking beign a trader, and I can't wait to see you mistakenly made another post to contradict yourself.

I hope you can maintain that plan and realize it well. The opportunity is wide open now, especially because the price of bitcoin has corrected quite deeply in the last few days, so you should have done it. If you doubt that the price will fall further, then use DCA because it will help you to buy more.

I can't guarantee the price won't drop to $60k, that's a possibility that can't be completely ignored. At least you can accumulate at the current price rather than waiting for a bigger drop, but with DCA you definitely won't miss out on many of those opportunities. Do it well, but don't prioritize your ambition over strategy.