Topic: once again the market is trying to break the resistance - page 2. (Read 480 times)
I can't agree that the market is ready to recover now. Positive movements that we saw from 21 st of July to the 27th, was a growth because of good news both from Elon Musk and Jeff Bezos. But people don’t want to return to usual altocoins and currencies now. It is a hype in another sphere, mostly people bring their money in NFT gaming. But not to be doubting, I just stick to the strategy of holding Bitcoin, Ethereum, BNB and some other good coins so I buy them now as well.
For me, this is bullish right now. No fake breakouts.
dont be hurry to judge it is as valid reversal, we still need several confirmation technically. so far fundamental starting recovery and market going better than before. Look at now, we broke $40,000 and Bitcoin surged very fast to $41,000 and $42,000.
$40,000 is one of the important supports and resistance for the past few months, look how $40,000 played especially on previous months (before monthly closed), $40,000 will either be a support or a resistance.
June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.
After we got back to $40k for almost a month holding the threshold, this sounds good, $40k is really hard to break psychologically and is guarded by the bears. But at least bitcoin is back on the journey. The chart below shows we are very bullish and strong,... today I believe is the decisive day to break the bear cover, I predict a short $48k this week.https://pbs.twimg.com/media/E7bP38AWYAI8It_?format=jpg&name=small
Source: https://twitter.com/WClementeIII/status/1420551338363179018?s=20
After we touched the all-time high of around $60,000. These levels are very important for being support and resistant, and look they can be considered as psychological supports and resistances.
I hope it's real for the market to break through resistance and be able to have a good position. because in crypto there is a term market trap, where the market is pumped up but immediately drops drastically. I hope the market can be pumped up even if slowly but consistently. especially for btc and altcoin market
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I hope that this time bitcoin really recovers the position and can increase higher. With the price reaches $38k-$40k, it could be a sign for us to wait for more to see bitcoin price will start another rally. But if somehow, that does not happen, we can not do anything except waiting for more. Bitcoin, ethereum, and bnb are trying to back to the high price and I guess this time is good to trade and make a profit. But there is no guarantee that the crypto market can be like for the rest of this year, so we need to carefully analyze the market.
The crypto market is trying to break the resistance again because it will rise to the top very soon the market could see its game again later this year. The prices of currencies are slowly rising and the demand for investing in altcoins with bitcoin is increasing the higher the amount of investment the higher the market will be. Customers who transact through online networks fail with the potential financial side of virtual currency but will not stay down for very long due to high demand.
June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.
After we got back to $40k for almost a month holding the threshold, this sounds good, $40k is really hard to break psychologically and is guarded by the bears. But at least bitcoin is back on the journey. The chart below shows we are very bullish and strong,... today I believe is the decisive day to break the bear cover, I predict a short $48k this week.
Source: https://twitter.com/WClementeIII/status/1420551338363179018?s=20
Hopefully it's the last drop that we've just experience, and this time will be a good start for another promising rally which everyone is expecting to happen. Recently, the market price spoke around $40k but fluctuated down to $39k and within that range I foresee it's biggest potential to come up with another huge pumps.
For me, this is bullish right now. No fake breakouts.
dont be hurry to judge it is as valid reversal, we still need several confirmation technically. so far fundamental starting recovery and market going better than before. For me, this is bullish right now. No fake breakouts.
If you take a look, the recent pump started on the last week of this month, few days before the monthly close.
Take a look at the previous 2 months, the monthly close of months of May and June, few days before the monthly candle close, we saw hard dumps.
May closed below $40,000, and on the month of June, $40,000 acting a resistance and $30,000 is the support.
June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.
I agree with you, Bitcoin is currently holding in the $40,000 USD price range and trying to keep going up. What makes me believe Bitcoin will continue its bullish trend is that Bitcoin trading volume continues to grow (price goes up and trading volume goes up), so this is a real pump and indicates a reversal.If you take a look, the recent pump started on the last week of this month, few days before the monthly close.
Take a look at the previous 2 months, the monthly close of months of May and June, few days before the monthly candle close, we saw hard dumps.
May closed below $40,000, and on the month of June, $40,000 acting a resistance and $30,000 is the support.
June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.
It's different if the price of Bitcoin goes up but the trading volume doesn't increase so much, then it's just a fake pump.
For me, this is bullish right now. No fake breakouts.
If you take a look, the recent pump started on the last week of this month, few days before the monthly close.
Take a look at the previous 2 months, the monthly close of months of May and June, few days before the monthly candle close, we saw hard dumps.
May closed below $40,000, and on the month of June, $40,000 acting a resistance and $30,000 is the support.
June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.
If you take a look, the recent pump started on the last week of this month, few days before the monthly close.
Take a look at the previous 2 months, the monthly close of months of May and June, few days before the monthly candle close, we saw hard dumps.
May closed below $40,000, and on the month of June, $40,000 acting a resistance and $30,000 is the support.
June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.
You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.
Hopefully it's the last drop that we've just experience, and this time will be a good start for another promising rally which everyone is expecting to happen. Recently, the market price spoke around $40k but fluctuated down to $39k and within that range I foresee it's biggest potential to come up with another huge pumps.
We should be grateful that btc price is trying to break again the 40k level.
Some who were speculating that this will go down to $20k, maybe are not so happy as they can't buy btc at that price.
We need more positive news to finally surpass the $40k mark.
Just like this one - Uniswap with possible collaboration with PayPal.
Though it is not directly about bitcoin, but it is good news for crypto in general.
https://www.coindesk.com/uniswap-says-its-talking-with-paypal-and-more-in-a-deleted-video-from-ethcc
You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.
Hopefully it's the last drop that we've just experience, and this time will be a good start for another promising rally which everyone is expecting to happen. Recently, the market price spoke around $40k but fluctuated down to $39k and within that range I foresee it's biggest potential to come up with another huge pumps.
The pump's strength was influenced by a number of things. You should try reading some articles, and bitcoin was able to quickly break through the obstacle. What we need is only one more huge piece of good news, and the price of bitcoin will skyrocket once more. People are becoming enraged as a result of recent news from JP Morgan, Amazon, and other companies.
One more piece of news that is definitely legit and not just another fake news. Right now the price has been able to reach almost $40k so if more positive news will happen in the market, bitcoin price will eventually surpass the previous ATH and settles into a new one. But still, we should not be too confident because the price might eventually fall again when we least expect it.You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.
With what I have seen, the rally has started already, the price of cryptocurrencies are increasing, this indicate another bull market, let us expect the price to go more further. Bitcoin is at its way to $40000, ethereum has gotten to $2300,/the rest of the coins at also increase price.
Every time market tries to break that bear resistance its getting shorted to death. Especially altcoins bleed. I think this time it won't be different. We really get used to how market works after bull markets. There is no reason for it to break barriers right now. There aren't many people that believe markets will recover this quick.
There are plenty of factors that were affecting how strong the pump. You must try to read some article and bitcoin was able to breaking the resistance easily. What we need is just another major good news to come and this will be making the price of bitcoin to go to the moon again. People are getting triggered caused by the news from the JPmorgan, amazon and many more.
If these things will keep come to the market and it can build a very good sentiment to create FOMO on bitcoin.
If these things will keep come to the market and it can build a very good sentiment to create FOMO on bitcoin.
With the news coming from big institutions, those who are reading it who don't have any idea about crypto
will gain interest, newcomers and new money is flowing again it's tough to call while the market is hyping
best to have your target and goals before you make your decision, it's best that you are ready to what possible
things to happened.
I didn't get my hopes up too high. it could just be a momentary recovery and back down. the current market is difficult to predict so don't be easy to believe. After all this is not the first time last month bitcoin and other altcoins have experienced the same thing. but in the end it just became another downturn.
And every decline will also return to an increase again, because the cryptocurrency market is like a wave in the sea so it is difficult to predict and also predict, so just take advantage of every momentum that is happening now, and never complain because of any conditions. 
There is nothing new about this recovery but be assured that the finally movement is way down, there is nothing new to keep the market on a new bull run level anymore but honestly I do hope something new comes up but my judgement is just the reality
Although there is nothing new in the market today, but at least some people have been able to restore their assets to their original state, because at the time the correction was just starting, there were still many people who bought mostly good coins. 
I do hope something new comes up but my judgement is just the reality
The market was unpredictable and it's too early to take a judgment for the market if it will be going down at the end of the story. You didn't know what will be coming to the market very soon and what will happen for sure. Don't be pessimistic about the market. JP morgan was announcing to launch bitcoin service and is not it a piece of very good news for us?
The market can do u-turn anytime. This is crypto when anything can happen instantly
You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.
hopefully it is not bull trap to make bitcoin price goes down again and even create new low. Market sentiment going better after amazon insider said this company will accept bitcoin at end of year, and unfortunately there is no confirmation from amazon team. $40k or $41k will be the key for current rally, is it will goes up or goes down again. Jump to: