We almost reached 11400 and now the price is trading slightly above 11000, this has been a good week for bitcoin but one thing that is worrying me is that each day is presenting a lower volume and this is never a good sign if we are expecting for a big positive movement, I just hope that investors are just trying to exhaust the bears so we can see another increase in the price during the following days and weeks but it is entirely possible as well the price will go below 11000 for a few days before we get a chance to see a another growth.
Sorry mate but you are wrong, it is a bullish sign if the volume is decreasing while the price is correcting or it is pullbacking. If the volume will continue to increase while the price continue to decrease, it is a bearish sign. It is a good thing that the volume is looking bulish after the unusual spike. The price will consolidate for sure and there is now a new resistance formed in daily and weekly chart. Observe the wick in daily chart where it is telling a sign of major resistance. 
Topic: Is Bitcoin Looking Bullish now? - page 2. (Read 878 times)
With reference to 4 hour timeframe there many bearish exhaustion candles an indication of the market bullish sentiment while the price had broken the resistance at $10800 and successfully retraced or pullback to touch the resistance turned support another confirmed bullish trend I hope the trend is sustain till the next Resistance at $12000K aboveall the market is very bullish for now, except any manipulation by the so-call whales enters the market to create fear.
We almost reached 11400 and now the price is trading slightly above 11000, this has been a good week for bitcoin but one thing that is worrying me is that each day is presenting a lower volume and this is never a good sign if we are expecting for a big positive movement, I just hope that investors are just trying to exhaust the bears so we can see another increase in the price during the following days and weeks but it is entirely possible as well the price will go below 11000 for a few days before we get a chance to see a another growth.
It could be bullish for last few days yea, still range bound at the moment. The best bullish action is within a trend, which we lack perfectly.
We got a rise and then a triangle and pulling back from that peak. If it can break the decline/pullback then it can become bullish as we pull higher. We have a rise early Sunday hours opening and I'll go with bullish if we can get past 10027 flat top there. Then we reattempt the peak prices likely and try to form a break upwards.
We got a rise and then a triangle and pulling back from that peak. If it can break the decline/pullback then it can become bullish as we pull higher. We have a rise early Sunday hours opening and I'll go with bullish if we can get past 10027 flat top there. Then we reattempt the peak prices likely and try to form a break upwards.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Finally, I am happy to see the bitcoin price can increase so high and touch more than $9,500. I am sure that soon, we will see another bullish trend from bitcoin, and the price will have the opportunity to hit $10k. I think after the price reached the high price this time, it will make another correction, and we need to be ready for the down, and make sure that we can decide to buy more bitcoin or to watch the market. I am curious about what happened at the end of this week because right now, we are still at the bullish trend.
Yes it looks a bit bullish, not too much just a tiny bit. The reason for that is the lack of volume and that means if one rich dude with a lot of bitcoin sells their coins the price would plummet down a lot, and that could trigger some stop loss people have which they will sell at that time as well and all of this could cause some sort of FUD which could cause people to sell because they are afraid (known as panic sale).Could the opposite happen? Of course it could, some guy who is rich could buy a ton of bitcoin and could increase the price but in my mind it sounds easier for a whale in bitcoin to sell $20k bitcoins to the market price versus some rich guy buying 500 million dollars worth of bitcoin, they are both possible but first one sounds more realistic. Which is why I see it a bit bearish.
Even though the price does not increase so high, but this bullish can make the price back to $9,500, so the bitcoin price can break the barrier. It will need more time to break the next high price, which we don't know when it will happen. I am sure that the volume will increase, and many people will come back to the bitcoin market, and they will buy and sell bitcoin as before. The stop loss will work if they are afraid if the price is going down, but they need to make more analysis to know the situations, so they don't easily use the stop-loss function.
The whales will easily buy and sell bitcoin at any price, but I am sure that the whales will want to make a profit. But the difference is they know when to enter and quit from the market, and they can make more profit than the other people.
I think the focus is not on bitcoin at the moment but bitcoin will take a big benefit from it. The sentiment in the market is positive for both altcoin and bitcoin but I dont deceive myself that the space is clean of scam. Every contemporary hype is weakness for attraction, maybe it is the new phase. it is important to tread gently and trade smartly.
Its starting to look a bit more bullish now but its only short term as an idea for now. Its basically in the same range but theres the idea of rising prices on the lows for most of July, not that impressive but its worth noting because later on it can lead to the more impressive action that nobody ignores as its so active.
Immediately I would look at 9800 to see how it handles that, now sure I'll be able to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively. Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.
Immediately I would look at 9800 to see how it handles that, now sure I'll be able to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively. Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.
Already secured out my profits when it hits in 9600 and i didnt intend to set TP in 9700 resistance yet my guts tell me that it wont able to push it through nor would able to reach and bounceback down again.
For now its better to make short up trades and im now waiting for 9200+ correction and try to accumulate once again.Luckily i do able to get in when the price hits up 9100 few days or a week ago as i remember.
Telling if price is somewhat bullish now then i can see such thing.Volume isnt really that high and technicals do still shows sideways or accumulation period.We wouldnt know on when the
resistance could be break of.
nice work man . its hard to profit big now and you know what your doing . thats the best part about bitcoin because we can be able to make it as a short time investment if not for long term and we can also be able to make it as long term when we feel that things are getting positive . been a long time and we are still on the same range , 9k usd something is considered a standard price , if we saw a small increase which is rare to happen i can say that btc looks so bullish with that
Its starting to look a bit more bullish now but its only short term as an idea for now. Its basically in the same range but theres the idea of rising prices on the lows for most of July, not that impressive but its worth noting because later on it can lead to the more impressive action that nobody ignores as its so active.
Immediately I would look at 9800 to see how it handles that, now sure I'll be able to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively. Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.
Immediately I would look at 9800 to see how it handles that, now sure I'll be able to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively. Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.
Already secured out my profits when it hits in 9600 and i didnt intend to set TP in 9700 resistance yet my guts tell me that it wont able to push it through nor would able to reach and bounceback down again.
For now its better to make short up trades and im now waiting for 9200+ correction and try to accumulate once again.Luckily i do able to get in when the price hits up 9100 few days or a week ago as i remember.
Telling if price is somewhat bullish now then i can see such thing.Volume isnt really that high and technicals do still shows sideways or accumulation period.We wouldnt know on when the
resistance could be break of.
Its starting to look a bit more bullish now but its only short term as an idea for now. Its basically in the same range but theres the idea of rising prices on the lows for most of July, not that impressive but its worth noting because later on it can lead to the more impressive action that nobody ignores as its so active.
Immediately I would look at 9800 to see how it handles that, not sure there will be any reasoning to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively. Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.
Immediately I would look at 9800 to see how it handles that, not sure there will be any reasoning to take a negative point of view on Friday which means we drift over the weekend and close this weekly positively. Then next week it can build or fall apart, hard to say but definitely seems a maybe for bullish action on more then just hundreds pacing back and forth like prior action.
As of now, bitcoin is trading around $9600~ which must be an enough thing to confirm that bitcoin is looking bullish right now. I believe as the news on covid19 vaccine gets intensifying, it seems investors are getting back their confident about good economy conditions everywhere, so we are having bitcoin is trading above $9500 levels which was seeming too hard target some two weeks back. I guess this is time for FOMO to be coming into action.
I guess only FOMO influenced market condition alone seeming like bullish trend for some people's eye but they are wrong in my opinion. Because, bitcoin is into bullish trend since June of 2019. Yes, it is slowly recovering from the bottom after the ATH. Unfortunately it tested the bottom again due to covid19 outbreak. So, bitcoin is already into bullish trend for more than a year but it has not manged to trade near ATH.
I guess only FOMO influenced market condition alone seeming like bullish trend for some people's eye but they are wrong in my opinion. Because, bitcoin is into bullish trend since June of 2019. Yes, it is slowly recovering from the bottom after the ATH. Unfortunately it tested the bottom again due to covid19 outbreak. So, bitcoin is already into bullish trend for more than a year but it has not manged to trade near ATH.
During the last three days we have seen bitcoin moving positively in its price, this may seem a good signal but we are going to see if this recovery is for real when the price begins to hit 10k, if we can get above that price and remain there for some time there is reason to be bullish about bitcoin but if the volume begins to go down then the movement will be exhausted and we will go back to the 9200 level and look at more sideways movement for at least another month.
and it has actually increased. it's the hard resistance area where bitcoin needs to break it to rise to more than $ 10k this month. But it seems that buying power is weakening at this stage and maybe bitcoin will continue to sideway. This is an opportunity for us to trade short with great leverage.
Showing the charts above, I’m glad to see bitcoin price at $9500 this means there is a good movement happening. We always waiting to rise it to $10k if in case this will not reach this month let's see in the coming months. A lot of things can happen actually but I cannot say this is in the bullish stage. Indeed an opportunity to many to do the short term trade since the market is very active. Finally, I am happy to see the bitcoin price can increase so high and touch more than $9,500. I am sure that soon, we will see another bullish trend from bitcoin, and the price will have the opportunity to hit $10k. I think after the price reached the high price this time, it will make another correction, and we need to be ready for the down, and make sure that we can decide to buy more bitcoin or to watch the market. I am curious about what happened at the end of this week because right now, we are still at the bullish trend.
Yes it looks a bit bullish, not too much just a tiny bit. The reason for that is the lack of volume and that means if one rich dude with a lot of bitcoin sells their coins the price would plummet down a lot, and that could trigger some stop loss people have which they will sell at that time as well and all of this could cause some sort of FUD which could cause people to sell because they are afraid (known as panic sale).Could the opposite happen? Of course it could, some guy who is rich could buy a ton of bitcoin and could increase the price but in my mind it sounds easier for a whale in bitcoin to sell $20k bitcoins to the market price versus some rich guy buying 500 million dollars worth of bitcoin, they are both possible but first one sounds more realistic. Which is why I see it a bit bearish.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Finally, I am happy to see the bitcoin price can increase so high and touch more than $9,500. I am sure that soon, we will see another bullish trend from bitcoin, and the price will have the opportunity to hit $10k. I think after the price reached the high price this time, it will make another correction, and we need to be ready for the down, and make sure that we can decide to buy more bitcoin or to watch the market. I am curious about what happened at the end of this week because right now, we are still at the bullish trend.
Appreciate your efforts in showcasing this but we need to refrain making any investment into BTC as of now because world's economy is at brink of collapse and this can send Bitcoin crashing anytime so it's better to stay neutral at this moment, we will be able to make a proper prediction only post this pandemic when dust settles.
I don't mind taking the risk here.
Despite the pandemic, we've seen the price went up to $10K, the price is slightly going up so we might see it again this week or maybe at the start of August. The twitter hack/scam did some effect on the price but I don't think it will be a longer.
$BTC Update
Nothing much to say, Bitcoin perfectly hit in 9.530$ Resistance and reached all of our targets. This setup brought +44.5% of profit with x10 leverage. Position is covered.Boom
Moreover, the chart gives very good forecasts. $BTC Update
Nothing much to say, Bitcoin perfectly hit in 9.530$ Resistance and reached all of our targets. This setup brought +44.5% of profit with x10 leverage. Position is covered.Boom
$BTC Update
BTC jumped by 1.32%, but looks like a pump 😅
$BTC Update
BTC jumped by 1.32%, but looks like a pump 😅
Maybe we will wait for a long time for the bull run, which might not happen this year. But we never know when the bull run comes. We already see bitcoin price moves up and down until now, and it could happen for more if the market is not increasing. But we need to have a positive mind that the bull run will come soon, and we need to have more patience.
if you think about pumping after halving, then it could have happened at the end of this year, beginning in 2021, or mid-2021. Well, it's the same as what I saw in Halving before. however, there is currently no sign of anything besides stability at a price of $ 9k. Well, it seems we really need to wait a little longer.Maybe we will wait for a long time for the bull run, which might not happen this year. But we never know when the bull run comes. We already see bitcoin price moves up and down until now, and it could happen for more if the market is not increasing. But we need to have a positive mind that the bull run will come soon, and we need to have more patience.
By considering about the news we are getting right now on covid19 vaccines, I guess we're going to have bull run by the beginning of August month or well in advance to that, like by end of this month itself. Because, when we are getting positive news which will be helping world economic to grow then definitely all markets will start reacting to that.I believe the current bitcoin market's stagnant condition is because of world slow economic conditions and when there is a trigger for world economic to get back into its usual actions then definitely we can expect bitcoin market also getting into its usual fluctuations and then bullish trend because there is a big bull run is due in bitcoin markets after the recent halving. So, I cannot agree that bull run is not possible for this year still it will be purely depends of vaccines for covid19.
Jump to: