Market Gonna be volatile again! Nothing New though - page 2.

TravelMug

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Quote from: serjent05 on June 30, 2020, 01:25:52 PM

Quote from: Febo on June 30, 2020, 08:51:41 AM

Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time? Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

Isn't the Bitcoin market always volatile, as a matter of fact, it is highly volatile since it swings like crazy every day?

Anyway stumbled on some analysis on tradingview and it is interesting to notice that the prediction saw a possible downtrend while it is suggesting for LONG position with a target of $9300.

Exactly, I don't know what's the big fuzz about the market being so volatile. I guess it still steam from the prediction that the price will touch 5 digits or at least we are going to be in bull run after the block halving. But as of late, the price seems to be slowly declining and even reach sub $9k just a couple of days ago but it didn't last though.

As for the long term, it could play around $9300-$9600 levels before we hit another resistance.

Reatim

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Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

because Crypto is a Volatile market so what can we expect from this Roll Eyes

I have learned my lesson that Daytrading is not my forte that's why i prevent my self from Doing this and instead i am trying to Keep my currency for at least 3 or more months depend on the performance.

If lucky to get Profit in shorter time?then why not grab it,5% or more is enough for me now( in altcoins only and not in my Bitcoin holding0

some chances to take but will not risk everything just because of Volatility.

el kaka22

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I do agree that it is nothing new Cheesy

. I mean bitcoin is a thing that is super volatile and has always been super volatile, I do not think that it would change too much if it hits $9.4k and not anything above. I do agree that it is quite important that bitcoin moves, I think something vital for traders is to have ups and downs, without those I do not think they could profit, however it is just not 3% change, that is really not that big of a deal.

There needs to be at least a 7-8% change in any direction to actually have an impactfull change, otherwise it doesn't really make any sense at all. I personally would love to get as much volatility as I can in order to be able to buy and sell on different levels and try to make money, right now it is not moving fast enough for me to make any profit at all and just makes me wait.

Findingnemo

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Nothing changed since bitcoin halving, we are in the same price region and I don't even looking at the bitcoin prices now. There is a slight red on the total marketcap of crypto currency in the past week but not too much damage to bitcoin.

batang_bitcoin

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Market has been volatile for all of the time. Yep, nothing's new with that so basically the TAs that we get are base on your readings and the volatility of bitcoin will never change. Unless, there's something that I've read that time will come for bitcoin that its volatility will decrease.
And that is when we reach the supply limit of bitcoin which is impossible because that's a hundred years from now.

Febo

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Quote from: Wilhelm on July 01, 2020, 05:13:55 AM

Quote from: Febo on June 30, 2020, 08:51:41 AM

Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time? Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

With Corona there is no vacation Tongue

Yes many were 2 months at home so doubt they will be able to spend a lot more time at home again. I agree it can be very different as past years. But again maybe not. High volume traders are extremely rich people and dont really care about any virus or lock downs.

Wilhelm

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Quote from: Febo on June 30, 2020, 08:51:41 AM

Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time? Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

With Corona there is no vacation Tongue

maydna

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I hope that bitcoin can surge to a higher price as from the image, we are close to breaking $9,200, but who knows what will happen with bitcoin. If the price cannot increase in the next days or week, I am not hoping the price will go down until $7k level because that will be too deep for bitcoin price to go down. But we know that anything can happen to bitcoin, and the price can move to any price level, so we need to prepare for the coming. If we can see the price can increase higher, perhaps, we can sell some amount to wait for another correction that will come later.

Lasky366

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Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

BTC monthly bearish candle has been closed! I am expecting 20-30% Correction in Upcoming months. If BTC Price fail to break out 10k level it won't be bullish soon.Hoping it take Correction up to 7.6K level !

Let's see what happensðŸ‘€ðŸ‘€

STT

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Every trader should not mind volatile markets as I guess it gives us more scenarios to trade in rather then price whipping back and forth like a loose hosepipe. I dont see we actually anything new until we break something larger then shorter term trends. 50 day moving average is rising again which might give some hope of recovering but we are still negative below a weekly average, overall its stuck in a big range and doing nothing new today that I see.

dunfida

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Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

Basing of with technicals then it can possibly hit up that level but theres no precise thing on when it would able to touch on such duration that you had given.
Its either it would go to that path or would go oppositely on said duration. Market is always been volatile, it might be moving sideways but doesnt mean it
wont move nor budge a little.Of course we need to play safe specially if we are an active trader but for hodler or long term ones then this wont really be that
much as an issue.

Yamifoud

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Nothing has changed, we are of that condition since from the start. But what I saw in the market today yet to be stabilized but still good. I'll be fine even if the market position will remain like this until the end of this year because I wasn't expecting much for the halving impact this time since it all has changes coz of the pandemic. Maybe we could say a bullish trend next year 1 year after the halving event which most likely previous halves have shown it.

Tomorrow is the start of the 3rd quarter but I don't think we have experienced changes. Possibly it could be the same as of today or even yesterday.

DoublerHunter

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Quote from: Febo on June 30, 2020, 08:51:41 AM

~snip~
So the market may be volatile!

^ It has been already volatile since then, but good thing we are on the good movement. I am optimistic about the price that will hit again in $10k price in the market this month or this 3rd quarter of the year. However, it is hard to forecast the price even you are using your indicator of support and resistance but the price will remain unpredictable. Based on the chart that you have flattened, it is headed to raise up the price, probably that is the sign that we will back to $10k price near at this week.

Oasisman

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Quote from: smyslov on June 30, 2020, 12:49:43 PM

Quote from: tbterryboy on June 30, 2020, 10:26:04 AM

As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.

I wish your analysis is correct I'm checking the last halving in 2016 prior to last halving in May and if history repeat itself the probability is high that $14 k to $16 k is the highest that it can get, and we can have a new all time high early next year, but I treat every halving differently because the supply right now is small compared last time.

So far, the price movements after the halving is similar to the last two halving occurrence, but I wont be expecting any significant bull trend this year, not until we're done with the pandemic. And, Bitcoin might reach another ATH in mid 2021.
At the moment, Bitcoin is still trading inside the region of $9,000 - $9,800, nothing's new since we enter this figure, though it touches the $8,900 level a few times, but then recovered to whats considered as stable price range from the last few weeks.
Sure, $9,400 is reachable till tomorrow, but looking at the current market situation, I'm afraid the highest until tomorrow might be around $9,200.

harizen

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Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

Isn't it a usual approach, at any given trend, to consider necessary actions such as stop-loss as part of the strategy?

Bitcoin is always volatile, the main reason why it's unpredictable. Wild speculation and well-detailed analysis might happen or not.

BTC is currently playing around $9,100+. If you believed that it can touch $9,400+ tomorrow, good luck then.

serjent05

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Quote from: Febo on June 30, 2020, 08:51:41 AM

Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time? Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

Isn't the Bitcoin market always volatile, as a matter of fact, it is highly volatile since it swings like crazy every day?

Anyway stumbled on some analysis on tradingview and it is interesting to notice that the prediction saw a possible downtrend while it is suggesting for LONG position with a target of $9300.

smyslov

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Quote from: tbterryboy on June 30, 2020, 10:26:04 AM

As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.

I wish your analysis is correct I'm checking the last halving in 2016 prior to last halving in May and if history repeat itself the probability is high that $14 k to $16 k is the highest that it can get, and we can have a new all time high early next year, but I treat every halving differently because the supply right now is small compared last time.

tbterryboy

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We are going to enter into 3rd quarter of 2020 which might be different than what we have experienced first 2 quarters of 2020 in terms of volatility. The second 3 months streak of 2020 was quite bullish thanks to halving as halving helped to recover all the losses happened due to panic selling of corona outbreak but failed to break the resistance levels around $10.5k which we might get broken by this July as bitcoin proved its potential by staying above $9k levels. We are going to end the second quarter above $9k which must be an enough sign to get into stronger bullish trend for the rest of 2020.

As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.

Febo

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Quote from: Lasky366 on June 30, 2020, 08:49:28 AM

Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time? Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

Lasky366

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BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

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