Let's be safe about Bitcoin Trading - page 2.

jossiel

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Quote from: Lasky366 on April 10, 2020, 03:46:25 PM

Quote from: jossiel on April 10, 2020, 02:32:52 PM

It has arrived there so with your analysis it means that it will be back there anytime soon.

Yes, like as usual bitcoin can move sideways, upwards or downwards like there's no pattern where it's really heading for the short term analysis. And some of those analyses didn't caught where bitcoin is actually going. Good luck to the traders thought but, isn't it another buying moment whenever it arrives there?

Btc rising wedge will complete the pattern.
That's my idea
The rest of you can follow your own strategy

Yet the market is still inside this pattern
Let's see what happens
stay safe!!

Yeah, stay safe.

Then we'll see how long it will take for us to see if you're right with your analysis. But whether you're right or wrong, I'll follow my plan whatever happens.

ethereumhunter

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Actually, we can use the image to make our own predictions, and from that image, the chance for bitcoin to go down will wide open if the price is not back to $7,000. If the bitcoin price is hard to increase and break the higher price, then the correction will come and will adjust the price so the price will have the chance to grow. That is what I see on the market and related to the current situations in the market, maybe we will see a downtrend for more, but I hope that is not happening.

XCANA

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You're right about the market due to it volatility, the current sharp dropped by the market was known and reported and those traders who trade with information are likely to Cash out before this drop. Although, there's a good position for the said Bitcoin to have a good move during it halving if the market will not be manipulated by the whales. Holding for me is more better to trade with Bitcoin at this moment of doubt about the movement of Bitcoin.

verita1

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Thanks for the advice. That is a high possibility, but Bitcoin is resisting even though we do not have the best condition. We are already used to seeing the price move downwards but we did not have the problem of the Pandemic. So it is very worrying. I wish that it continues its rise to 7K and not that we see it fall again.

bgaf

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Quote from: davis196 on April 11, 2020, 01:18:36 AM

1.Sell all BTC and buy later at a lower price(probably 5K USD)
2.HODL until the bearish trend is over.
Which one do you mean,when you say "be careful"?

I think I will hold mine, as the bearish is unknown for certain period of time. Also we dont know when will be the price of btc totally go down. Some saying it will touch down 5k like OP's demonstration but who knows what really will be it price. We are a month away from halving and maybe therr some improvement after this or prior to the event. Remember we go down in just overnight, we can experience also the reverse of it.

davis196

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HODLers will HODL,traders will trade....Some traders will lose money,other traders with make money.
That's how the market works.I don't understand your actual advice,when you say "be careful".
If the bitcoin price goes into bearish mode there are only two options;
1.Sell all BTC and buy later at a lower price(probably 5K USD)
2.HODL until the bearish trend is over.
Which one do you mean,when you say "be careful"?

Sadlife

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Just because bitcoin is in a rising wedge it doesn't mean that it will have a major dump to the downside. It may also forming a double bottom pattern and if you look at the longer timeframe you can see that Bitcoin also had a rising wedge in past but it was only a fake out.
So i believe this the only buy opportunity before it goes a much higher price. You can watch team underground TA if you want more details.

pakhitheboss

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Yes, there are signals that Bitcoin mint trade below 6k but I do not think it will be below 5k. Bitcoin is already trading below 7k from yesterday and it might go below 6k but it will bounce back before the end of April and trade above 8k.

In my opinion this is the best time to accumulate, it will help you in long run.

GreatArkansas

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For this recent price Actions, I don't think so that we can see again below $5,000 this time. I am looking is around $6, 000 - $6,500 this week.
If we break below those areas, for sure you are right and we can see again below $5,000. Your rising wedge chart pattern is kinda good spot, good job. Let's see these coming days especially we are on the closing week candle.

Eugenar

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Yes it might happen that bitcoin can reach 4500$-5000$ but actually we cannot predict the price of the bitcoin, no one can say what will be the situation of the market, based on the chart it reachea for about 7,200$ and now it goes down again ro 6,900, we really don't know what will happen soon, so for all the traders there always be careful on trading because the proce of the bitcoin is still unstable it goes down and goes up, so we can really don't know if we are going to trade now or not.
But honestly, I want it to go down because I want to invest more if that happens because I am not able to invest when the price of the bitcoin reaches 3900$ before.

btc_angela

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You should move this to Speculation.

Thanks for you advise, but I will assume that traders of today are very careful. Of course, possible scenario is that it can go down to $4500-$5000 if the bears take over the market again, or $7900 is the bulls can push the price in that direction. There's no secret about this TA lately.

@jossiel - definitely a buying moment with the price goes to that level, the last great opportunity for us is $3800. But if the scenario that the OP is pointing out happen, I'm sure that there could be a mad rush of buyers again.

Lasky366

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Quote from: jossiel on April 10, 2020, 02:32:52 PM

It has arrived there so with your analysis it means that it will be back there anytime soon.

Yes, like as usual bitcoin can move sideways, upwards or downwards like there's no pattern where it's really heading for the short term analysis. And some of those analyses didn't caught where bitcoin is actually going. Good luck to the traders thought but, isn't it another buying moment whenever it arrives there?

Btc rising wedge will complete the pattern.
That's my idea
The rest of you can follow your own strategy

Yet the market is still inside this pattern
Let's see what happens
stay safe!!

jossiel

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It has arrived there so with your analysis it means that it will be back there anytime soon.

Yes, like as usual bitcoin can move sideways, upwards or downwards like there's no pattern where it's really heading for the short term analysis. And some of those analyses didn't caught where bitcoin is actually going. Good luck to the traders thought but, isn't it another buying moment whenever it arrives there?

Lasky366

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Let's be little careful about Bitcoin Trading.

Those who have btc or are trading with btc be trade very carefully
btc will arrive at 4500-5000 very soon
The chart is well noted that there is no positive sign.

Special Note : It's just an estimate from my analysis not any financial advice 😊

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