Topic: Next resistance at 9.7k. What are your thoughts on May movement? (Read 295 times)
September 04, 2018, 09:39:33 PM
If the current price breakout $7500, so the next resistance level will be $9000, i have to wait news of Bitcoin ETF on 30 of September to determine next level of support and resistance because fundamental things make big impact to Bitcoin price.
August 12, 2018, 05:59:43 PM
There is a lot of discussions going on if this is a bull-run, a bull-trap or consolidation. I don't think anyone really knows but maybe together we could figure some things out. Here are my thoughts:
I think we are in a short-term consolidation between 8.7-9.7k where these two levels will determine a more middle-term trend on where BTC will go. If 9.7k is broken there is not much resistance until 11-12k so then we can expect a nice 15-20% gain. On the other hand if we go down below 8.7k then I think next level of resistance isn't until around 7.2-5k which is around 15-20% decrease. So the benefits/risks on either side are about equal so I am avoiding trading this until we can get a clear signal either way and I am also avoiding doing to much movement in my ALTs since this will be determined by BCT.
What are your thoughts?
I think bitcoin will be hard to come back to $ 9700 at the moment, you can see that after the bitcoin rebounded to $ 8600, it immediately fell sharply and was heading around $ 6000. You can see that the bitcoin price has created a new resistance level at $ 8,600, so the recovery is getting a lot harder. - Next major resistance for BTC is at 9700 USD. Already testing this once and had a drastic drop
- Turned around at 8700 USD and have been steadily climbing since back over 9k. This shows continued strength
I think we are in a short-term consolidation between 8.7-9.7k where these two levels will determine a more middle-term trend on where BTC will go. If 9.7k is broken there is not much resistance until 11-12k so then we can expect a nice 15-20% gain. On the other hand if we go down below 8.7k then I think next level of resistance isn't until around 7.2-5k which is around 15-20% decrease. So the benefits/risks on either side are about equal so I am avoiding trading this until we can get a clear signal either way and I am also avoiding doing to much movement in my ALTs since this will be determined by BCT.
What are your thoughts?
August 12, 2018, 03:33:04 PM
My bet in June is ten thousand or even a bit more. If Bitcoin hits this target, then the cryptocurrency can start the bull run. This will be a psychological mark that will mean: it is the time for the crypto to run ahead.
Oh well, we didn't hit that $10K in June and we haven't seen any bull run. The bears has still full control of the market at this very moment.
Unfortunately all of those predictions are wrong.
Now Bitcoin drops to a price of $ 6,100 and the price is very painful for me.
But my hope is that Bitcoin will rise again for this month to $ 10,000.
Now Bitcoin drops to a price of $ 6,100 and the price is very painful for me.
But my hope is that Bitcoin will rise again for this month to $ 10,000.
Looking back, at those predictions back in April-May, it seems that everyone is still bullish even though this year has started at the wrong foot. And its really difficult to predict where the price is going to be this month or even at the end of year. I just don't expect anything spectacular to happen as I don't want to get frustrated and disappointed at the end.
August 12, 2018, 09:53:36 AM
Unfortunately all of those predictions are wrong.
Now Bitcoin drops to a price of $ 6,100 and the price is very painful for me.
But my hope is that Bitcoin will rise again for this month to $ 10,000.
Now Bitcoin drops to a price of $ 6,100 and the price is very painful for me.
But my hope is that Bitcoin will rise again for this month to $ 10,000.
I think at 10k2. Why is bitcoin going there as if it's falling down without brakes: D. A good amount of pump will make it uptrend back 
My bet in June is ten thousand or even a bit more. If Bitcoin hits this target, then the cryptocurrency can start the bull run. This will be a psychological mark that will mean: it is the time for the crypto to run ahead.
i have a feeling that some big player (a bear whale) doesn't want to see the price go up yet which is why we keep seeing these huge dumps like what is happening right now where price rises up with a nice buy support but a sudden big dump crushes the rise attempt with a big red candle being the evidence on the charts. you can see price reached $9444 then someone dumped a large amount of bitcoin on it and it came back down to $9200 range.
i wonder how long this is going to last though, because the buy support is still pretty strong.
i wonder how long this is going to last though, because the buy support is still pretty strong.
Interesting perspective. And I also noticed that there are new sets of FUD going around, like USA banning bitcoin and others which coincide with the last dip we saw. Although the price is not yet affected because its above $9200 we might see some resistance at $9400, which we thought that $9700 is. So its gonna be along way to go for us to even get to $10K at least.
Im realy happy about the sittuation on a market. Everything in my wallet grows up and up. It makes me feel better, lol
I like your sense of humor, mate. However, we are talking about May prices predictions. My bet is 9.9 K for Bitcoin and 700-800 dollars for Ethereum. I guess the leaders will be NEO, TRON, and OmiseGo.
April 30, 2018, 09:23:12 AM
Im realy happy about the sittuation on a market. Everything in my wallet grows up and up. It makes me feel better, lol
Probably this will flow through may and we'll have the same market movement. People have started being active and volume is quite good not only for bitcoin and the top alts but most of the market. I'm looking at tron and eos and their growth this month is really notable.
April 29, 2018, 11:41:14 PM
Im realy happy about the sittuation on a market. Everything in my wallet grows up and up. It makes me feel better, lol
April 29, 2018, 10:59:26 PM
i have a feeling that some big player (a bear whale) doesn't want to see the price go up yet which is why we keep seeing these huge dumps like what is happening right now where price rises up with a nice buy support but a sudden big dump crushes the rise attempt with a big red candle being the evidence on the charts. you can see price reached $9444 then someone dumped a large amount of bitcoin on it and it came back down to $9200 range.
i wonder how long this is going to last though, because the buy support is still pretty strong.
i wonder how long this is going to last though, because the buy support is still pretty strong.
April 29, 2018, 06:48:50 PM
I think that the "whales" don't want yet to show a bull run on Bitcoin, because too many "hamsters" are still holding the coins bought on the high levels. The large investors can wait with pumping BTC and look at some altcoins, for example, EOS which soared 300% during a month. In my opinion, the next resistance level of Bitcoin is $10000. Anyway BTC won't grow fast.
April 29, 2018, 06:34:46 PM
Thats odd number you have got up there. Why is it 9.7K? and not 10K?
This is exactly my thoughts are. $10K should be the next mental barrier and if we can broke it then $11K-$12K is so easy to breach as well.
I am not too techie so just asking if there is any way to calculate the resistance level for the same. I am pretty sure that fundamentals says that BTC will keep rising no matter what happens in the next update. The coin has shown us potential before and its always been on one goal, just to rise. I dont think clearing up the 9.7K level would be that difficult for the bitcoin. So I am sure this will happen before the end of next week. Its breaking bad!!
Sometimes you don't need to be technical. But if you have experienced and see how bitcoin grows in the last couple of years, I'm sure your common sense will tell you where the "possible" resistance and consolidation might occur.
April 29, 2018, 12:44:00 PM
Hopefully, we can clear hit $9700, I had invested a little on altcoins because I think the market is back to normal, there is no FUD again after we crashed at the beginning of the year. I lose my investment and now I'm brought back again, please pray together so we can reach it easily 
. I hate losing my investment
Whenever we lose we should try at least to do better, losing is no room in crypto, we can eventually see our investment grew when crypto era starts, and it will soon to happen.. I hate losing my investment 
April 29, 2018, 11:55:09 AM
There is a lot of discussions going on if this is a bull-run, a bull-trap or consolidation. I don't think anyone really knows but maybe together we could figure some things out. Here are my thoughts:
I think we are in a short-term consolidation between 8.7-9.7k where these two levels will determine a more middle-term trend on where BTC will go. If 9.7k is broken there is not much resistance until 11-12k so then we can expect a nice 15-20% gain. On the other hand if we go down below 8.7k then I think next level of resistance isn't until around 7.2-5k which is around 15-20% decrease. So the benefits/risks on either side are about equal so I am avoiding trading this until we can get a clear signal either way and I am also avoiding doing to much movement in my ALTs since this will be determined by BCT.
What are your thoughts?
- Next major resistance for BTC is at 9700 USD. Already testing this once and had a drastic drop
- Turned around at 8700 USD and have been steadily climbing since back over 9k. This shows continued strength
I think we are in a short-term consolidation between 8.7-9.7k where these two levels will determine a more middle-term trend on where BTC will go. If 9.7k is broken there is not much resistance until 11-12k so then we can expect a nice 15-20% gain. On the other hand if we go down below 8.7k then I think next level of resistance isn't until around 7.2-5k which is around 15-20% decrease. So the benefits/risks on either side are about equal so I am avoiding trading this until we can get a clear signal either way and I am also avoiding doing to much movement in my ALTs since this will be determined by BCT.
What are your thoughts?
I think it's very possible that we could break 9.7 especially since we were that high a few days ago. Furthermore, the crypto market seems to be in a recovery phase, even if it has slowed down in the past few days, but i think that be experiencing bigger rises in the upcoming months. With that being said, it is also very possible that this was just a bull trap and prices will keep crashing.
April 29, 2018, 11:44:26 AM
Hopefully, we can clear hit $9700, I had invested a little on altcoins because I think the market is back to normal, there is no FUD again after we crashed at the beginning of the year. I lose my investment and now I'm brought back again, please pray together so we can reach it easily . I hate losing my investment
Whenever we lose we should try at least to do better, losing is no room in crypto, we can eventually see our investment grew when crypto era starts, and it will soon to happen.. I hate losing my investment Yeah, I hate but I still have patience here (maybe and always hope training become a patient person), I know if every investment in this world have their risk and for crypto, of course, their price is very volatile. Hopefully, 2 months crypto era begin again and beat the higher price in the end of year 2017
April 29, 2018, 10:43:02 AM
If bitcoin cannot break the 9.7 resistance, it will probably decrese again but it does not crash, just decrease $500-$1000 so it will ultimately break 9.7 and be above $10K, this is not something similar to bull trap.
April 29, 2018, 10:17:28 AM
It's impossible to say anything of importance when it comes to something that no one here has even a remote answer for.
I think the best thing is to just have a very neutral stance when it comes to the short term market, and not be surprised when we either shoot up or tank back down. My personal thought is that the price is slightly overvalued right now, which if turns out to be the case, we basically don't stand a chance against the $10,000 level. The lower your expectations are, the lower the eventual disappointment in the market.
One thing I am however sure of is that whatever happens, we'll be seeing quite a drastic move to the upper or lower direction. Breaking $10,000 will trigger FOMO sheeples, and a dump back down to low $8000's is enough to make people fear for lower prices. People entering the market for potential very short term gains are just gambling. Every trade right now is basically a 50/50 luck based bet, which isn't something I would ever expose myself to. I took distance from trading days ago already.
I think the best thing is to just have a very neutral stance when it comes to the short term market, and not be surprised when we either shoot up or tank back down. My personal thought is that the price is slightly overvalued right now, which if turns out to be the case, we basically don't stand a chance against the $10,000 level. The lower your expectations are, the lower the eventual disappointment in the market.
One thing I am however sure of is that whatever happens, we'll be seeing quite a drastic move to the upper or lower direction. Breaking $10,000 will trigger FOMO sheeples, and a dump back down to low $8000's is enough to make people fear for lower prices. People entering the market for potential very short term gains are just gambling. Every trade right now is basically a 50/50 luck based bet, which isn't something I would ever expose myself to. I took distance from trading days ago already.
April 29, 2018, 09:47:16 AM
Hopefully, we can clear hit $9700, I had invested a little on altcoins because I think the market is back to normal, there is no FUD again after we crashed at the beginning of the year. I lose my investment and now I'm brought back again, please pray together so we can reach it easily . I hate losing my investment
Whenever we lose we should try at least to do better, losing is no room in crypto, we can eventually see our investment grew when crypto era starts, and it will soon to happen. . I hate losing my investment April 29, 2018, 09:36:37 AM
Thats odd number you have got up there. Why is it 9.7K? and not 10K?
I am not too techie so just asking if there is any way to calculate the resistance level for the same. I am pretty sure that fundamentals says that BTC will keep rising no matter what happens in the next update. The coin has shown us potential before and its always been on one goal, just to rise. I dont think clearing up the 9.7K level would be that difficult for the bitcoin. So I am sure this will happen before the end of next week. Its breaking bad!!
The reason for 9.7k is because this is the level of previous resistance (and earlier support 2 months ago). This is a level I based on the previous history and the resistance haven't coincided with 10k but rather 9.7-9.8k. I am not too techie so just asking if there is any way to calculate the resistance level for the same. I am pretty sure that fundamentals says that BTC will keep rising no matter what happens in the next update. The coin has shown us potential before and its always been on one goal, just to rise. I dont think clearing up the 9.7K level would be that difficult for the bitcoin. So I am sure this will happen before the end of next week. Its breaking bad!!
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