Topic: Is Bitcoin Looking Bullish now? (Read 888 times)

Quote from: Ayiranorea on July 31, 2020, 07:35:34 AM

Technical Analysis Over BTC

Nice TA mate and it runs until now that your question has been given answer.2 weeks after you posts this?the price starts to become wild because Bitcoin Hits more than $11,400 and this is really a price that we are all waiting.

what we are looking at now if this is permanent or just another temporary pump and will soon fall badly again.

Better be ready guys because this already happens so many time,so if you are aware of those then better always look at the market to sell all when the dumps starts.

Bitcoin is bullish, but it isn't perfectly bullish. The market changes have been taking place slowly. As a result the price which has been moving between the limit $9000 - $9500 has set to cross $10000. All of the sudden a bigger move took place reaching $11000. The growth trend has paused, today there is better growth happening with ethereum. Following ethereum few other altcoins too grown a little. This is a bull trend, but not perfectly bullish.

Because this is just a start of a going bull run,growing $2,000 since the Bull starts?
\maybe we will wait again for the right timing ,and also remember there is no such thing as perfect mate so just accept what the value given and but or sell when you feel needed.

Ayiranorea

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Bitcoin is bullish, but it isn't perfectly bullish. The market changes have been taking place slowly. As a result the price which has been moving between the limit $9000 - $9500 has set to cross $10000. All of the sudden a bigger move took place reaching $11000. The growth trend has paused, today there is better growth happening with ethereum. Following ethereum few other altcoins too grown a little. This is a bull trend, but not perfectly bullish.

STT

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Arguably, Bitcoin is looking bullish so long as dollar isnt looking healthy. Great many doubts are being expressed for dollar prospects at the moment, I do still expect it to swing round in some retraction which often favours dollar in exchange for the sale of many other assets and markets. That stronger dollar leads to retraction of BTC but for now, we have an easy outlook for bullish BTC

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kotajikikox

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Quote from: ololajulo on July 23, 2020, 04:37:30 PM

Technical Analysis Over BTC

Previously BTC did not break the Resistance Zone around 9.325$, which led to the decline and denied our long setup. Now we have an Ascending Channel at 1H and BTC is retesting the Pivot Point. If there is a confirmed breakout of this point will look for a long position. Also consider an option with a retest of the Lower Boundary before we go upward.

Overall locally BTC has a bullish priority as an Ascending Channel, the priority will stay that while we keep inside of this formation.

you have made a great analysis mate,because the trend makes it possible,looking at the graph now?i wish you will make a constant update.

You have made couple of prediction threads and now it all coming worth a wait.

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.

You are wrong because while ethereum is growing that day after couple of days?bitcoin made his own pump and more than higher from ethereum.

DevilSlayer

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Quote from: Silberman on July 30, 2020, 01:17:23 PM

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.

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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.

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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.

STT

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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.

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Quote from: TheGreatPython on July 23, 2020, 10:21:46 AM

Quote from: ethereumhunter on July 23, 2020, 08:31:10 AM

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.

ololajulo

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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.

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Quote from: milewilda on July 23, 2020, 03:59:13 PM

Quote from: STT on July 23, 2020, 03:20:16 PM

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.

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

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Quote from: STT on July 23, 2020, 03:20:16 PM

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.

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.

STT

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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.

Emitdama

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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.

Silberman

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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.

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Quote from: ?? on ??

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.

TheGreatPython

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Quote from: ethereumhunter on July 23, 2020, 08:31:10 AM

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.

ethereumhunter

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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.

Janation

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Quote from: Wysi on July 15, 2020, 01:32:07 PM

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.

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Quote from: Lasky366 on July 23, 2020, 04:02:31 AM

$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 Wink

This is really an excellent indicator that we all very much expected. I think this point is a very harsh response to all skeptics who spoke out negatively and denied Bitcoin's ability to reach $ 9,500. Wink

Moreover, the chart gives very good forecasts.

Lasky366

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$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 Wink

Zackgeno96

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Quote from: Lasky366 on July 20, 2020, 10:08:35 PM

$BTC Update

BTC jumped by 1.32%, but looks like a pump 😅

It doesn't look like a pump but it is a breakout that happened and a little bit of price fluctuation is always associated with it, would definitely like to see a healthy price action with bitcoin price that would atleast break the $9500 and $10.2k resistance and then we can see a generous pump. Once the pump start we will see a huge bullish action by the traders and also due to the bots and $15k or $20k will be my next target, once it is reached we can see a small support check and once it is validated then we can see a sharp increase in price to atleast $30k or more.

Lasky366

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$BTC Update

BTC jumped by 1.32%, but looks like a pump 😅

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Quote from: Republikcoin.com on July 20, 2020, 08:56:32 AM

Quote from: michellee on July 20, 2020, 12:30:21 AM

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.

I don't think like that because, as I saw in the last halving, the pumping is not happening right after halving, but it did happen after a few months, so we must be patient to wait for the pump. I hope the stability will be at $9k, but we don't know what will happen later since we have much time to see the bitcoin journey.

Quote from: coinfinger on July 20, 2020, 10:04:15 AM

Quote from: michellee on July 20, 2020, 12:30:21 AM

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.

There is a chance to see the pump will start in the next month, but we don't know for sure. We are now at the end of this month, and everything can happen to the bitcoin price. I am sure the world economy will recover and back to grow in the pandemic and the new normal. The bullish market itself will follow and will start a rally to the high price, and that will be the time for the bull run comes.

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Quote from: michellee on July 20, 2020, 12:30:21 AM

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.

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Quote from: Republikcoin.com on July 20, 2020, 08:56:32 AM

Quote from: michellee on July 20, 2020, 12:30:21 AM

Quote from: Cherylstar86 on July 19, 2020, 06:58:46 PM

As per graphical analysis, I can't see good signs that we're going to experience any bull run this year. The previous attempts has no significant factors that will create more demands to attract buyers to buy a lot of assets. There's still a normal trend that we will experience, slight downfalls and minor increase.

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.

That's as far as halving is concerned. The effect of the deflation in daily Bitcoin supply from mining rewards is not immediate. It will probably take at least 6 months to sink in the market. As soon as the market feels the declining supply that's the time the price will rise significantly. Not to mention that the demand itself is probably rising.

This is not the only factor of course. There are a lot of other factors that play big roles in the price movements of Bitcoin.

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Quote from: michellee on July 20, 2020, 12:30:21 AM

Quote from: Cherylstar86 on July 19, 2020, 06:58:46 PM

As per graphical analysis, I can't see good signs that we're going to experience any bull run this year. The previous attempts has no significant factors that will create more demands to attract buyers to buy a lot of assets. There's still a normal trend that we will experience, slight downfalls and minor increase.

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.

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It is tough for us to tell when will bitcoin go bullish or bearish due to its volatility, and the price of bitcoin is just staying between $9,000-$10,000 that it doesn't go up more than $10,000 and doesn't go down to $8,000 since bitcoin halving has occurred last month of May. So let's just hold our bitcoins because it might surprisingly become bullish next month or this year.

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Quote from: Cherylstar86 on July 19, 2020, 06:58:46 PM

As per graphical analysis, I can't see good signs that we're going to experience any bull run this year. The previous attempts has no significant factors that will create more demands to attract buyers to buy a lot of assets. There's still a normal trend that we will experience, slight downfalls and minor increase.

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.

KnightElite

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Actually there is no sign of bullishness in the chart right now, as you can see the price is consolidating inside the support and resistance range but the longer the consolidation the better, I think will take a lot of weeks or even months before we see if the price will continue to go up or it will breakdown in its current support. We should now have a plan especially if we want to buy bitcoins.

Cherylstar86

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As per graphical analysis, I can't see good signs that we're going to experience any bull run this year. The previous attempts has no significant factors that will create more demands to attract buyers to buy a lot of assets. There's still a normal trend that we will experience, slight downfalls and minor increase.

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I don't Bitcoin is looking bullish at the moment, It might go down below what is drawn above before we see any significant major movement uoward.

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Quote from: pooya87 on July 16, 2020, 11:04:28 PM

Currently watching for the 9.020$ Horizontal Support Zone, if the one gets crossed, then short will be in first priority.

you see, this is the problem with TA that has always turned me away from it. we draw all these lines on the charts and make a lot of analysis but in the end we keep seeing that there is no way of coming up with a prediction of how the market is going to work based on TA.
for instance here, there is nothing special about $9020 or even $9000 for that matter. price did reach $9020 and a little lower in some other exchanges but it didn't go any lower. it simply bounced back up to $9100+. shorting based on that meant losses (at least for the past 12 hours).

Yeah, and even when people try to remove emotions from the equation (which causes us to see lines and patterns that we want to see, rather than the ones that are obvious), it's still the market doing its own random, inevitably ruining logic. Machine learning and AI algos have been put to the test, crowd intelligence models trialed by blockchain and non-blockchain firms. They all eventually show the same results, at least after a while. Can't game the market in the end.

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Quote from: AjithBtc on July 18, 2020, 08:30:41 AM

Technical Analysis Over BTC

Previously BTC did not break the Resistance Zone around 9.325$, which led to the decline and denied our long setup. Now we have an Ascending Channel at 1H and BTC is retesting the Pivot Point. If there is a confirmed breakout of this point will look for a long position. Also consider an option with a retest of the Lower Boundary before we go upward.

Overall locally BTC has a bullish priority as an Ascending Channel, the priority will stay that while we keep inside of this formation.

Maybe you should try to plot line for the descending pattern too. BTC still didn't broke that descending line since it start to rally up to 10k back and forth to 9k. Your ascending line is in contrary to MACD and the daily volume record. If you connect the Decending & Ascending line, that will be the boundary for the deciding factor of the trend. I'm hopeful that BTC price will follow your prediction because I'm a fellow holder too but my guts telling me that it will fall again below 9k$ based on the weak buying power of BTC right now.

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The market was supposed to be bullish by now, but for some reason the growth hasn't took place as predicted. The recent twitter issue is adds up a reason for the market being stable without much of growth. In reality the growth that's been affected due to the pandemic is carried forward. Maybe some market push can be expected by the next month, but for a perfect bull trend it takes time. Possibly it can happen by 2021.

Most of you seem to think that the price has to keep going up for the market to be bullish but you're still not looking at the big picture.
First of all, Bitcoin has never gone up just like that right after the halving. Instead, it kept relatively steady for months before it took off and the time between the halving and the peak of the bull market was greater each time. You also have to consider the coins coming to the market each day, increasing the supply. The fact that despite the pandemic and miners selling we are still holding steady at 9k makes it bullish.

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The market was supposed to be bullish by now, but for some reason the growth hasn't took place as predicted. The recent twitter issue is adds up a reason for the market being stable without much of growth. In reality the growth that's been affected due to the pandemic is carried forward. Maybe some market push can be expected by the next month, but for a perfect bull trend it takes time. Possibly it can happen by 2021.

sunsilk

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what I'm thinking right now is, there won't be a bull market this month. it looks like we need to wait for the next month to see the pump.

It's very early to expect the bull market within this month or even for the next month or two. There won't be any bull market I guess and we have to calm our horses and just wait until there's a sign for it.

Well, I am still guessing, but seeing the state of bitcoin at the end of each month decreases, and the beginning of the month goes up, so I conclude that most likely the current price of bitcoin will be stable at the current price as last month. maybe August can be a start for a bull run.

Yeah seems it's like what is happening. It was stable for the past week and I think we can go for more of it. It's just a stable and calm week and even might be at the end of this month, not that much action so there's no tense.

TheGreatPython

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what I'm thinking right now is, there won't be a bull market this month. it looks like we need to wait for the next month to see the pump.

Due to recent twitter based heist and its bad consequences on image of cryptocurrencies? I guess that will not last for another 2 weeks of times as we are already having the pandemic thing to get deviated. I do see slow economy could be the another probable reason to back your point.

Quote from: TravelMug on July 16, 2020, 11:14:27 PM

the state of bitcoin at the end of each month decreases, and the beginning of the month goes up, so I conclude that most likely the current price of bitcoin will be stable at the current price as last month. maybe August can be a start for a bull run.

2017's August was still in my fresh memories. Segwit was activated and followed by that the massive bull run was triggered. For some reasons, we are having same kind of market conditions right now and this sideways market may get launched into upper side in coming weeks. If that happens then that would be the another confirmation for what people do keep on saying "history repeats itself". I am as well saying each month starts positive for bitcoin markets but after than heavy dumps spoil all our hopes Roll Eyes

.

Dr.Osh

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what I'm thinking right now is, there won't be a bull market this month. it looks like we need to wait for the next month to see the pump. Well, I am still guessing, but seeing the state of bitcoin at the end of each month decreases, and the beginning of the month goes up, so I conclude that most likely the current price of bitcoin will be stable at the current price as last month. maybe August can be a start for a bull run.

STT

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Its looking negative yet holding an upper range it can only be said to look slightly declining in its outlook. I'll post up a chart in a bit but we have a series of highs each lower on each peak and some moving averages matching that action in a decline.

Though it might not look too severe, we have a similar decline even with daily bars over the last two months. Yet its not exceeded the 9000 properly, try 8730 for a proper marker to any move down as that'd match 2019 action around this time also so when we lose that theres a proper chance of a move developing to bring price down to something along the spring lows, 200 day average shouldn't be that much of a stretch but I'd like to see it visit the 200 week average for a proper trade. Upwards I dont especially speculate on its not given much indication of that and I think down prices have to be verified first.

Kelvinid

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Well, it hopes but has not to expect it more.
We saw the trend is not really overwhelming, not even to surge high even seeing it at $9.5k and see its market volume, this is less possible for the market to turn into bullish but rather to keep it low. We are getting difficult this time, we can't move into this speculation that we surpass $10k if there is no huge increase in volume, it could be the same as what we saw in the past days.

I know Bullrun will come but it can't be of this year, I know we ain't be hopeless but the market speaks and that is the reality now.

bitgolden

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Market looks bullish since last April after the pandemic panic triggered the steep fall not through technical way but I am just talking about the sentiments of bitcoiners among halving and investors' alternate investment hunting. But, it seems we may need to be into the sustaining region before breaking the biggest psychological resistance level around $10,500. That seems as the resistance of year 2020; if it gets broken then we can easily have BTC prices into new ATH zones, more or less as entering into $11k zones, will get more institutional investors on board as that must be the enough sign to assume beginning of post-halving bullish/ beginning of four year cycle.

we need to wait for another trend that will come out, maybe their will be an eventual run, but it will take a while. TA is good but it is not perfect.

TA may be late in getting you the trend but it is purely up to us on how perfectly interpreting it rather than just "reading" it Cheesy

. Another bull run probably will be triggered by the vaccine related news or anything like that. Please watch the news instead of relying only on TA; it might help you to be more perfect.

Harlot

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The price of Bitcoin is going up but the volume is decreasing? That's not a bullish sign for Bitcoin but rather a clear sign of a weak breakout attempt. It's one of the most important technical indicators to see if the price rally we are seeing now is due to demamd or price manipulation which in this case is just showing the latter. Price going up like this wothout volume backing it up can also mean that only few are really interested to make a push for a breakout. Of course if we just look at the candles and trendlines it may look like Bitcoin is poised for another rally but sadly volume is not backing it up.

posi

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Quote from: ololajulo on July 17, 2020, 02:27:31 AM

There are signs that the price will be quiet most part of this year, Am also struggling to deal with it. The market is compared to the 2016, maybe a little pump towards the Q4 of this year, This present market is giving chances for altcoins to get attractive in the market, get other market adoption before it breaking of ATH will get whole market frenzy while bitcoin gradually drops in dominance over a period.

This year market cant be compare with the year 2016 market cause theres no pandemic issue then and the level of whales manipulation is not this strong. Besides, the last time i checked bullish market have already stated by now during the year 2016 but if you think the current market trend is giving chance to altcoin i will advise you not to go for long form of trading simply because the arbitrage are just looking for a means to make profit.

Reatim

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Quote from: okala on July 17, 2020, 01:34:48 AM

Bitcoin is not looking bullish. If you study some technical indicators you will understand that bitcoin is now more of a bearish trend. I think many big traders are taking break from the market in fear of what is going to happen next and the only thing happened in the market now are the activity of day traders.

Seems like that is the situation now.and yeah Whales are just lurking around now to move those shitcoins to bag some money.
They know that the effect of the pandemic will stay more so why bother to invest in bitcoin that is not going good for a while?

What they are waiting is the sign that market is applicable again for investing things that may not happen this soon.

Hope fully in the coming 4th quarter there might be changes,lets hope and pray because it has been years when we last taste the product of our investments here.

ololajulo

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There are signs that the price will be quiet most part of this year, Am also struggling to deal with it. The market is compared to the 2016, maybe a little pump towards the Q4 of this year, This present market is giving chances for altcoins to get attractive in the market, get other market adoption before it breaking of ATH will get whole market frenzy while bitcoin gradually drops in dominance over a period.

okala

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Bitcoin is not looking bullish. If you study some technical indicators you will understand that bitcoin is now more of a bearish trend. I think many big traders are taking break from the market in fear of what is going to happen next and the only thing happened in the market now are the activity of day traders.

TravelMug

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Did the OP published this prior the the twitter hack? If yes, then his pivot points should have at least move in the last 24 hours, as the price goes on a small dip after it. So with that, then the formation have shifted and obviously there are no bullish sign as the price was somewhat stuck again.

So we need to wait for another trend that will come out, maybe their will be an eventual run, but it will take a while. TA is good but it is not perfect.

pooya87

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Quote from: Oasisman on July 16, 2020, 05:22:06 PM

Currently watching for the 9.020$ Horizontal Support Zone, if the one gets crossed, then short will be in first priority.

you see, this is the problem with TA that has always turned me away from it. we draw all these lines on the charts and make a lot of analysis but in the end we keep seeing that there is no way of coming up with a prediction of how the market is going to work based on TA.
for instance here, there is nothing special about $9020 or even $9000 for that matter. price did reach $9020 and a little lower in some other exchanges but it didn't go any lower. it simply bounced back up to $9100+. shorting based on that meant losses (at least for the past 12 hours).

Fundamentals Of

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Quote from: Fundamentals Of on July 16, 2020, 11:31:22 AM

Quote from: hulla on July 16, 2020, 06:16:43 PM

Currently watching for the 9.020$ Horizontal Support Zone, if the one gets crossed, then short will be in first priority.[/size]

There is still a high probability that Bitcoin is gonna fall below $9,000 right? And even reach as low as $8,500 or somewhere around that price?

So for now the market is not really bullish. I think there will still be more downward movement before Bitcoin will bounce back and break $10,000 once more.

Very high chance for Bitcoin to go below $9,000 level, since the price doesn't seem to be in an increasing trend.
It even touches $8,900 level but still managed to close out at $9,000. So, I don't think there will be an ascending motion from the chart in the coming days since I didn't see any bullish fundamentals, specially now that the massive twitter high profile hack involving Bitcoin scam just happened. Some predicted that It will make a negative impact to the Bitcoin price.

The price has not shown any big changes at the time when the news broke out. So I guess it won't make any significant effect on the price of Bitcoin whether in the short term or the long term.

But the TA above this post is saying the same, that the short term might see the price of BTC fall toward the $8,000 level. This is not in any way related to the twitter hack though.

GreatArkansas

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For me, I'm bearish for short term here. Multiple higher lows since June.
Expecting some wicks to $ 8xxx. It can happen anytime these days.
But on bullish part, breaking $9,4000 could be a significant for Bitcoin. Especially the RSI is still neutral, not oversold and also not over bought.

Jating

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Quote from: Sebas.tian on July 16, 2020, 04:14:07 AM

Definitely, we would have see another bullish momentum from Bitcoin; if the recent hack wasn't carried out by these hacker's on tweeter accounts holders. With this happenings, the price of Bitcoin is likely to drop again from next week and this could lead the price of Bitcoin down to $8000. Although, the beauty of this could land bitcoin into bullish in short time. Maybe Jack(CEO tweeter) as a strong bitcoin enthusiasts, may have something we can't imagine but let wait for this.

We have not reached the bullish season mate and if the hack issue didnt happen there won't be any bullish as you presume but only a slightly uptrend season because the market seems to maintain/revolving around the price range of $8800-$9500. However, i don't see any reason why the twitter hack issue will affect the price of the bitcoin market as most people think because the vulnerability happens from twitter end.

Regardless of the hacks? I don't think that we are going to be in the bullish market. On the contrary, we see some slight dip during the twitter hacking news, but still not enough to bring the price to sub $8K.

I agree that the twitter incident won't affect bitcoin per se, but we all know how powerful media is, they scan spin it to look like bitcoin is being used by the criminals. But look at the long term, we might see some bullish signals if we enter the last quarter of this year.

hulla

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Quote from: Sebas.tian on July 16, 2020, 04:14:07 AM

Definitely, we would have see another bullish momentum from Bitcoin; if the recent hack wasn't carried out by these hacker's on tweeter accounts holders. With this happenings, the price of Bitcoin is likely to drop again from next week and this could lead the price of Bitcoin down to $8000. Although, the beauty of this could land bitcoin into bullish in short time. Maybe Jack(CEO tweeter) as a strong bitcoin enthusiasts, may have something we can't imagine but let wait for this.

We have not reached the bullish season mate and if the hack issue didnt happen there won't be any bullish as you presume but only a slightly uptrend season because the market seems to maintain/revolving around the price range of $8800-$9500. However, i don't see any reason why the twitter hack issue will affect the price of the bitcoin market as most people think because the vulnerability happens from twitter end.

Oasisman

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Quote from: Fundamentals Of on July 16, 2020, 11:31:22 AM

Currently watching for the 9.020$ Horizontal Support Zone, if the one gets crossed, then short will be in first priority.[/size]

There is still a high probability that Bitcoin is gonna fall below $9,000 right? And even reach as low as $8,500 or somewhere around that price?

So for now the market is not really bullish. I think there will still be more downward movement before Bitcoin will bounce back and break $10,000 once more.

Very high chance for Bitcoin to go below $9,000 level, since the price doesn't seem to be in an increasing trend.
It even touches $8,900 level but still managed to close out at $9,000. So, I don't think there will be an ascending motion from the chart in the coming days since I didn't see any bullish fundamentals, specially now that the massive twitter high profile hack involving Bitcoin scam just happened. Some predicted that It will make a negative impact to the Bitcoin price.

SARA ISLAM

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In my opinion, Bitcoin has lost its bullish power, rushing downwards touching the previous high. Breaking the bottom trendline seems to be going down a lot, the target price is 8700. Then maybe come to an uptrend.

kentrolla

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I don't think the price of BTC will go up now, after the Twitter hack the major shock was about Bitcoin hacking and many of them will loose faith now, how can one Invest if there is some serious thread?

Also just a temporary pump will not be considered as the price will go up, apart from that this pandemic has caused a major stir among everyone so I guess it will take more time to see some changes in the BTC price.

Fundamentals Of

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Quote from: Lasky366 on July 15, 2020, 10:17:53 PM

Currently watching for the 9.020$ Horizontal Support Zone, if the one gets crossed, then short will be in first priority.[/size]

There is still a high probability that Bitcoin is gonna fall below $9,000 right? And even reach as low as $8,500 or somewhere around that price?

So for now the market is not really bullish. I think there will still be more downward movement before Bitcoin will bounce back and break $10,000 once more.

Lasky366

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Update

As I expected BTC made a move. However it did not follow my initial plan and took a retracement of the 9.195$ Resistance with a subsequent breakout of an Ascending Channel.

Currently watching for the 9.020$ Horizontal Support Zone, if the one gets crossed, then short will be in first priority.

sana54210

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It is getting ready to be bullish but due to slow economy condition of most counties, I guess it is getting delayed; surprisingly this pandemic made bitcoin too stable for the first time in history, it seems Wink

. I have come across many technical analysis within last 5 days which are all say same thing like possible bull market in coming days but today also bitcoin failed to hold but somehow managed to stay above $9000 through out the day.

Not sure how long we are going to see bitcoin to be trading in $9000ish levels; may be the confirmed news about arrival of covid19 vaccine may end up this frustrations. I am not going to open any long orders until bitcoin prices break and hold above $10,600 levels but definitely will short whenever prices test above $9500 levels. Nowadays, I started to try riding on every swing, it is interesting and profitable as well.

YuginKadoya

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Maybe and maybe not, we can not assume that it will eventually begin to be bullish if we suddenly see an upward spike because we are still in the midst of Pandemic but however this is a great analysis in your part and this may give a positive vibe to every people waiting for a good sign mostly Holders,

In my take with the movement of Bitcoin, I think we are in a good position in taking the leap when the Pandemic is over but this price of Bitcoin is still good in my opinion and I am still expecting a sudden correction that may happen.

Sebas.tian

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Definitely, we would have see another bullish momentum from Bitcoin; if the recent hack wasn't carried out by these hacker's on tweeter accounts holders. With this happenings, the price of Bitcoin is likely to drop again from next week and this could lead the price of Bitcoin down to $8000. Although, the beauty of this could land bitcoin into bullish in short time. Maybe Jack(CEO tweeter) as a strong bitcoin enthusiasts, may have something we can't imagine but let wait for this.

sunsilk

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Quick Update Over BTC.

Due to the Big Scam was set up on Twitter, which went very public we might have BTC to shake out.

Now it follows my initial plan, but sure I am ready to switch sides or just to be out of BTC for some time.

Never send the money to giveaway scams.

It didn't do much with the price fluctuation and I think bitcoin is getting stronger this time. Unlike before when there were negative news like massive hacks which can also be compared with this massive twitter scam, bitcoin plummets quickly.

But look, it's hovering to $9149 - $9200 and we've seen it dropped to $9000 for less than 2 weeks.

maydna

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Since a few days ago, bitcoin is not moving anywhere. The price tends to become stable this month, but we might see something in the next month as we see the bitcoin still too volatile, and it is hard to predict where bitcoin price will go. The price is up and down without notice, and that makes us careful to decide. If we doubt where bitcoin price will move, perhaps, we can stop trading for a while, but we can watch and analyze the price and the trend, so we can get more sign to decide. I think the price will not move too far for the rest of this month because if the price is down or up, the movements are not drastically, but the move will be step by step.

btc78

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