No Resistance From $30K-$40K? - page 2.

pixie85

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Quote from: Smitty Werben Man Jensen on January 03, 2021, 06:55:45 PM

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

A short selloff that gets bought up in a few hours is not a resistance.

A resistance is usually understood as a level that does not get breached twice.
If people sell at a level because they had their orders set that way, but the trend remains strong it's not yet a resistance. Just a random sell point.

For some people a level that holds a price for a day can be a resistance but is it really?

adaseb

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Basically if you look at Google trends, "Bitcoin" is up almost 65% from the previous peak in 2017. So there is definately retail interest coming in. There was someone on CNBC talking about how bitcoin won't go to $50K, or $100K or $250K but it will go to $1,000,000.

There is also Logan Paul who is that popular Youtube celebrity millionaire and apparently he is contacting some high crypto individuals on Twitter and either wants to get in, promote it or get some interview about Bitcoin.

So the hype we were waiting for 3 years... is here. Question is when will this bubble pop?

Maslate

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in my opinion no resistance is very dangerous for traders, because there is no readable chart, only the time to sell must be done, if it is too late then that is the risk, so if trading at prices that reach new ath, the thing to do is sell at the right time, $ 34k has been reached and it is new resistance this year.

$40k has reached.

https://cointelegraph.com/news/altcoins-and-stocks-move-higher-after-bitcoin-price-rally-to-40-000

So what's the next resistance? Do we still doubt what bitcoin is capable of, soon we might see $50,000 and more bullish sentiments are coming, before the market will crashed due to panic.

Becky666

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Quote from: Emerald688 on December 31, 2020, 09:17:55 PM

I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.

Mate, most of these self proclaimed professionals aren't worth listening to, because they are just some sort of junks in my honest opinion, i hate to listen to those that called themselves professional traders, how do you know what will happen with a price that hasn't be achieved before?, claiming that there won't be a resistance is just another bullshit, let wait becasue the end will definitely tell either there won't or will be a resistance.

jostorres

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Quote from: lepbagong on January 04, 2021, 04:24:30 AM

Quote from: Smitty Werben Man Jensen on January 03, 2021, 06:55:45 PM

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

yes, usually at the beginning of the year bitcoin will always make corrections and that is a natural thing, but we hope that this year's correction will not be the same when in 2018 the correction actually dropped drastically.
because the halving process that occurred this year has not yet occurred, so there will be renewable ATH this year. so keep holding or buying bitcoin if when the correction occurs it is the right thing.

It is not the same, it is already not the same, first of all that was 20k and the drop didn't happened in a day, it took a while, and it could easily go down to 8k or so which is about 60% drop if I am not wrong, which is a HUGE drop, and even with that we were at 8k. Same happens here and we are over 15k right now, and that is not really that bad, I think even on lowest we would get to 10k instead of 3k, which isn't really that bad for many people considering we were under that price just a few months ago, like September started with that, so not that many people bought over 10k price, only the people on the last 4 months or so.

Secondly, just because one thing happened once, doesn't mean that after every single increase, we are going to follow that with 80%+ drop, sure that happened once but doesn't mean it will happen every time neither.

Baofeng

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Quote from: KTChampions on January 04, 2021, 07:51:39 AM

Despite the fact that we have experienced such a severe setback, this statement seems to be true. Now the price is walking very easily and may well quickly reach 40k - no one will be surprised. Perhaps this is due to the fact that serious players are now resting because of the holidays and the market is very "thin" (however, I have not checked the trading volumes to confirm this).

Yes, but in the last 12 hours or so, we have seen some minor pullback, saw the price goes as low as $29k, but then again, bounce back to $31k, so still despite some correction, investors are still into it and continue to buy no matter what the price its.

Currently $35k could be the big barrier, but I think it will not offer any resistance and we could possibly move to $40k at the end of the mind. Bulls can't be stop at this point.

posi

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Quote from: KTChampions on January 04, 2021, 07:51:39 AM

Despite the fact that we have experienced such a severe setback, this statement seems to be true. Now the price is walking very easily and may well quickly reach 40k - no one will be surprised.

First, I am not a fan of the so called professional market analysis on Youtube which purpose was to direct traffic to their podcasts.
With that been said, if you study the market after $30K was achieved you'll see that $33,700 seems to be the current market resistance level and what the prediction stated is that there will be no resistance from $30K-$40K.

Quote from: KTChampions on January 04, 2021, 07:51:39 AM

Perhaps this is due to the fact that serious players are now resting because of the holidays and the market is very "thin" (however, I have not checked the trading volumes to confirm this).

The serious players are not resting for holidays and no crypto enthusiast wont check the market to manage his portfolio the reason for the thin supply is because the institutions are the major investors this days and the right thing the serious player can do is to halt till the moment is right.

KTChampions

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Despite the fact that we have experienced such a severe setback, this statement seems to be true. Now the price is walking very easily and may well quickly reach 40k - no one will be surprised. Perhaps this is due to the fact that serious players are now resting because of the holidays and the market is very "thin" (however, I have not checked the trading volumes to confirm this).

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Quote from: lepbagong on January 04, 2021, 04:24:30 AM

Quote from: Smitty Werben Man Jensen on January 03, 2021, 06:55:45 PM

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

yes, usually at the beginning of the year bitcoin will always make corrections and that is a natural thing, but we hope that this year's correction will not be the same when in 2018 the correction actually dropped drastically.
because the halving process that occurred this year has not yet occurred, so there will be renewable ATH this year. so keep holding or buying bitcoin if when the correction occurs it is the right thing.

We'll see if the correction is now right to buy?
But I saw that bitcoin had decreased a little by 28k and now it's back to 31k so it's quite clear there is still an opportunity that we can use to buy a correction, now it is more fitting and won't drop drastically after bouncing high, like bad things in 2018 won't be repeated Again, seeing this pretty good and significant one of us will continue to try to hold on even longer.

lepbagong

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Quote from: Smitty Werben Man Jensen on January 03, 2021, 06:55:45 PM

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

yes, usually at the beginning of the year bitcoin will always make corrections and that is a natural thing, but we hope that this year's correction will not be the same when in 2018 the correction actually dropped drastically.
because the halving process that occurred this year has not yet occurred, so there will be renewable ATH this year. so keep holding or buying bitcoin if when the correction occurs it is the right thing.

Furious 7

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Quote from: LUCKMCFLY on January 03, 2021, 11:30:55 AM

What happens is that they are new highs, any price or price range has a psychological value, what must be taken into account is the volume, the volume gives almost all the information, however, since $ 30k is highly possible to be reached Right now, this 2021 has been all good so far, it is a matter of waiting to see how everything develops.

Demand for increased volume will definitely be high and we can see how this will happen. Maybe a little analysis is being done, above $ 30k could give a lot of room for further development. Maybe it will continue to jump $ 50k in the middle of Q2.
We will therefore see the outcome whether this becomes a more stable one will not see the meaning of FUD as I am sure someone will definitely try to do this to want to buy cheaper.
In essence, we don't need to panic, but we have to be alert when it's high so what we need to pay attention to is movement.

bryant.coleman

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Quote from: Smitty Werben Man Jensen on January 03, 2021, 06:55:45 PM

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

Looking at the orderbooks of a few exchanges, I couldn't notice any major resistance level at $34,600. Just because there was a lack of demand at that point, we can't assume that there is a major resistance level. IMO, the next major resistance won't come before $40,000. Those who purchased their coins at sub-$20,000 prices would be willing to book profits at that level.

Oasisman

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Quote from: jrrsparkles on January 03, 2021, 03:16:45 AM

The price is swinging around 34000 to 35500 for a while now, it seems like either we will see a correction or sky rocket to 40,000+ in the next few days. Lot of social media influencers are awake now to manipulate the market along with scam google ads so better not to trust anyone's advice if you want to save your money.

The market has slightly fallen and now at 33200$ from the high of 34700$. This is going to happen as sudden surge is not good and we can expect this at regular intervals which may fall few thousand dollars in quick time. It is getting little risky as price rose quickly, but for speculator this is a good market as one those who make money and exit will be lucky here.

The market is indeed a little scary to see as it rises rapidly. Though slight pull back seems normal for every bullrun btc makes. But the market seems moving this way since the last time we saw the market suffering from a bearish run.
It could also be a huge risk selling this early when Btc doesn't seem to be stopping the surge at certain point. Instead it slowly crawling back to where it was situated at the highest.
Anyway, selling at this current price will surely benefits to those who has been hodling since 2017.

jaberwock

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Quote from: error08 on January 03, 2021, 06:19:54 AM

We have seen the resistance at $35k, but someone said; any resistance is simply futile. and many people expect bitcoin to reach $40k within a week by assessing the achievement of bitcoin in the last few weeks. The market indicates a strong buy movement and could potentially reach $36k because bitcoin is getting so much publicity in the mainstream and social media cause fomo among people. However, we don't know the limit yet, when the correction will start to form, but be prepared.

Exactly right, there are definitely resistances, but we have reached to 35k (almost) and that really shows how resistance is definitely something nobody cares about. If we were to explain why it is totally useless, we could use two examples that will explain better than anything else. By the start of April we were nearly at 6k price, in just under 1 year, we have broke over 34k, and most of that came within the last 4 months or so, which shows that we don't care about resistance points, I mean from 10k to 35k, don't you think there were resistances?

There were plenty of them, but we still broke over them. For the other side you could use 2018, we peaked at 20k, and we had support in all places, but by November 2018 we reached to 3.5k price, we broke under all of that support lines. So, as we can see supports and resistances are totally useless.

Pamadar

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Quote from: inanilujimi on January 03, 2021, 08:17:07 AM

believe in yourself what to do instead of trusting others.
nowadays so many people suddenly become bitcoin experts, even people who are new to them can say whatever they want to say, it doesn't mean that we just take it for granted, don't get carried away with rudimentary fomo.

It's better to assess by doing your own research.

There's no one knows what will the exact progress that might take, knowing the nature of bitcoin and the crypto market, But if you have good knowledge about the whole setup, placing your investment is much easier, you can entrust everything on your own and succeed to
your goals.

Smitty Werben Man Jensen

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resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

bryant.coleman

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After the 20K level was breached, there was hardly any resistance. Bitcoin went from $20,000 to $34,000 in less than a month. Even during the last 24-hours, the prices are up by $2,000 or so. I am not sure when we will experience the next major resistance level. But going by the current trend, I am not expecting it before $50,000. Those who purchased at around $20,000 may be targeting to do some profit booking at either $40,000 or at $50,000.

LUCKMCFLY

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What happens is that they are new highs, any price or price range has a psychological value, what must be taken into account is the volume, the volume gives almost all the information, however, since $ 30k is highly possible to be reached Right now, this 2021 has been all good so far, it is a matter of waiting to see how everything develops.

inanilujimi

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believe in yourself what to do instead of trusting others.
nowadays so many people suddenly become bitcoin experts, even people who are new to them can say whatever they want to say, it doesn't mean that we just take it for granted, don't get carried away with rudimentary fomo.

testerx

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Quote from: tokeweed on January 02, 2021, 11:53:56 AM

^ This run currently feels like 2013 when it went from 100 USD to 1000 USD than 2017's run imo. There are lots of people who are at the wrong side or outside of it. Including me. Fml.

Ain't too late to FOMO hard and switch sides Wink

Topic: No Resistance From $30K-$40K? - page 2. (Read 1140 times)