Share your opinion on the market. - page 6.

_BlackStar

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Quote from: KingsDen on September 25, 2023, 06:04:42 PM

Quote from: YUriy1991 on September 24, 2023, 09:42:21 PM

-snip-

This is actually the time that I have much confusion about the bitcoin price and what saves me in this time is to be very attentive to the fundamentals. If the chart seems confusing to be, I'll rely on the news to make decisions.
With my little knowledge of the chart, I have seen that bitcoin price has consolidated much, it has gotten enough momentum to move. Put I am not certain the direction it will take. Whether it will push or retract more to about $24k before it will be able to pull more.
The support is becoming firm but the resistance is becoming weak, so there is a possible upward movement of the price rather than downwards.

So far I've ignored short-term volatility as much as I can - but let's see if bitcoin manages to close September above $27k or if bitcoin tests the lower support of $25k.

I don't believe in either one - but it seems possible that $27k will be the closing price for the end of this month. If that's true - then $40k will most likely be tested in October so the analysis OP made shouldn't be said to be completely wrong. September was not a good month for bitcoin - but October will give a lot of hope.

mich

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Quote from: WatChe on September 24, 2023, 02:12:45 AM

Quote from: mich on September 24, 2023, 01:24:12 AM

Well I think my opinion on the market right now is the same as lots of other people. I think we are waiting very patient for ETFs and then the halving next year for the next 'bull run'.

I think we were hoping for the price of Bitcoin to be more then $26k right now. But we all know the next 'bull run' will be rewarding for us.

I would say more expectations are from halving next year then the ETF launching. The reason why we see a stable Bitcoin price is because majority of Bitcoin investors are eyeing on halving coming up next year. Its very positive from Bitcoin prespective that price of Bitcoin is stable in between 25k to 30k window, something never seen before. My oponion about market is that its taking necessary and final preparation before the halving event coming up next year.

Well yes we are all waiting for rewards that we will get from the Bitcoin halving. It is 1 of the biggest reasons that we will continue to hodl our coins and not sell them. Even if we so see a 'bull market' before it. We know the biggest profits come from after the halving each time.
With Bitcoin price saying from 25k to 30k I think this is a good thing. We were saying the price could go down much more even I saw 12k predictions. Yes this is FUD but I will be happy with the current price for now.

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Quote from: fzkto on September 25, 2023, 10:11:30 AM

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

I still think that it's a bullish news that they bought some more. If a company has over 100k+ bitcoins and their bitcoins worth that much money then it means they know what they are doing. I mean they are super rich and they are buying, if someone with billions of dollars risking all that money for bitcoin, then I am sure that it's a good sign and the price should be fine.

People should have hyped this news and take the price to 30k if you ask me but they didn't and that's their decision, I can't say much about it. I get that it's going to be tough to handle but we can still do it if we are careful. I know that it's going to take some time but if we are careful then we are going to be doing fine in the end.

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Quote from: fzkto on September 25, 2023, 10:11:30 AM

Quote from: traderethereum on September 25, 2023, 10:01:58 AM

No need to be confused but just enjoy the price movement because it looks like the price still can't increase too much.
Even if it can, it may not reach above $29k, so we have to be satisfied seeing the price can reach higher than it was some time ago.
There will be a time when it can increase drastically and in the meantime, you should focus on collecting more bitcoins because the time to increase drastically may come suddenly.
I'm still not sure if the price can surpass $28k or even $30k by the end of this month but who knows, it becomes a reality so that in the following months, bitcoin can rise even higher.

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

Either the fall will occur in the future or the near future.
We can only be prepared for all possibilities because the current situation is still ups and downs and we don't know where the market will go.
And with the return of the green candle in the market now and the push for the Bitcoin price to return upwards, we have to be more careful because a decline can occur at any time.
Apart from that, the altcoin market is still not recovering and there is a tendency to follow where the bitcoin price will move.
Maybe if the price drops again, more companies will take advantage of the moment to buy more bitcoins and we can also take part in buying bitcoins.

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Quote from: FinneysTrueVision on September 25, 2023, 07:52:42 PM

Quote from: fzkto on September 25, 2023, 10:11:30 AM

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

Because of a strong US dollar it seems that many currencies are losing value in comparison. Bitcoin was down but only slightly after the news of MicroStrategy's purchase. Bitcoin having low volatility is a positive sign. Despite bearishness in the stock market, Bitcoin has not moved much since starting the month at nearly $26k. Many people are refusing to sell due to their expectations for the halving and a potential ETF approval.

Like a normal Bitcoin winter market. As you can see we are already in sideways for months and that is also what I expected. For me our price right now is healthy, the market is healthy, no huge pump or dump, like some candlewicks. It just shows that everything is organic.
For me, the exciting part will be in the first months of the year 2024, as Bitcoin block halving will happen in year 2024.

MusaMohamed

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Quote from: pooya87 on September 24, 2023, 12:07:37 PM

Investors should never bother checking the charts since investment requires long term commitment. It is the trades who get involved in the market in short term who need to check the charts and we know that the sideways market is one of the trends that they like the most since they can make profit in a moderately fixed range where they can predict the top and bottom easier.

Nicholas Darvas, a successful stock trader has a famous advice that I like a lot.

"Rules was to read absolutely NONE OF THE NEWS about the stock!" (In a book How I Made $2,000,000 in the Stock Market)

We can read news but should not read it hourly or daily. A few times a week or month is enough, if we have good knowledge about Bitcoin and solid belief in it. Reading more news, reading news too regularly will make more chaos in our minds and our decisions can be affected.

It can be worse if we store our bitcoin in online accounts like on exchanges, reading news can make us panic sell or FOMO buy.

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Quote from: YUriy1991 on September 24, 2023, 09:42:21 PM

Yes, and often the market traps and creates a sensation then just drops like last night and don't forget that Jerome Powell will announce the Fed's "Fairly Close" to Target Interest Rates again and get ready for volatility to come again and The Fear & Greed Index 38.

Ahhhhh Yess I forgot about the Mr. Powel and yes basically he can control the market too hahaha. Fundamental First guys okay. Fear when people are greed and greed when people are fear.

Quote from: KingsDen on September 25, 2023, 06:04:42 PM

This is actually the time that I have much confusion about the bitcoin price and what saves me in this time is to be very attentive to the fundamentals. If the chart seems confusing to be, I'll rely on the news to make decisions.
With my little knowledge of the chart, I have seen that bitcoin price has consolidated much, it has gotten enough momentum to move. Put I am not certain the direction it will take. Whether it will push or retract more to about $24k before it will be able to pull more.
The support is becoming firm but the resistance is becoming weak, so there is a possible upward movement of the price rather than downwards.

Tho is 24K is considered as a major support many people would likely to buy if hit that level and will make long lower shadow. and I hope that Bitcoin at least touch 30K level this year and stay there.

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Quote from: fzkto on September 25, 2023, 10:11:30 AM

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

Because of a strong US dollar it seems that many currencies are losing value in comparison. Bitcoin was down but only slightly after the news of MicroStrategy's purchase. Bitcoin having low volatility is a positive sign. Despite bearishness in the stock market, Bitcoin has not moved much since starting the month at nearly $26k. Many people are refusing to sell due to their expectations for the halving and a potential ETF approval.

KingsDen

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Quote from: YUriy1991 on September 24, 2023, 09:42:21 PM

Quote from: dansus021 on September 24, 2023, 09:04:10 PM

Here I share my chart

According to my image, the Bitcoin price would be testing the near resistance on 30K and if those line break 36K is the next resistance tho we still early guys accumulate more hahaha

Yes, and often the market traps and creates a sensation then just drops like last night and don't forget that Jerome Powell will announce the Fed's "Fairly Close" to Target Interest Rates again and get ready for volatility to come again and The Fear & Greed Index 38.

This is actually the time that I have much confusion about the bitcoin price and what saves me in this time is to be very attentive to the fundamentals. If the chart seems confusing to be, I'll rely on the news to make decisions.
With my little knowledge of the chart, I have seen that bitcoin price has consolidated much, it has gotten enough momentum to move. Put I am not certain the direction it will take. Whether it will push or retract more to about $24k before it will be able to pull more.
The support is becoming firm but the resistance is becoming weak, so there is a possible upward movement of the price rather than downwards.

fzkto

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Quote from: traderethereum on September 25, 2023, 10:01:58 AM

Quote from: Sexylizzy2813 on September 25, 2023, 03:22:28 AM

Quote from: Natsuu on September 24, 2023, 11:22:54 PM

I hardly oppose to most things that are said in here. The market condition wasn't the same as before. Today's trading is different. It may look alike but it is completely different circumstances, economic events, and fundamentals. Every price action in the marketplace is unique. We're actually in a down-trending market and no longer in a consolidation.

The second thing is about the ultimate goal of trading. It is following the plan. Making money is just a byproduct of the discipline and work-ethic of following one's trading plan.

The market price of Bitcoin is till dancing around $26k and for almost a week now there's no form of leaving that amount and at some point it seems to be the price for this month before entering October.
I still don't know why it hasn't gotten to $27k but when the price grows to $26,700 it will come down drastically, what's really the cause? Because we're still expecting it to go beyond $27-28k before the end of this month.

No need to be confused but just enjoy the price movement because it looks like the price still can't increase too much.
Even if it can, it may not reach above $29k, so we have to be satisfied seeing the price can reach higher than it was some time ago.
There will be a time when it can increase drastically and in the meantime, you should focus on collecting more bitcoins because the time to increase drastically may come suddenly.
I'm still not sure if the price can surpass $28k or even $30k by the end of this month but who knows, it becomes a reality so that in the following months, bitcoin can rise even higher.

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

traderethereum

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Quote from: Sexylizzy2813 on September 25, 2023, 03:22:28 AM

Quote from: Natsuu on September 24, 2023, 11:22:54 PM

I hardly oppose to most things that are said in here. The market condition wasn't the same as before. Today's trading is different. It may look alike but it is completely different circumstances, economic events, and fundamentals. Every price action in the marketplace is unique. We're actually in a down-trending market and no longer in a consolidation.

The second thing is about the ultimate goal of trading. It is following the plan. Making money is just a byproduct of the discipline and work-ethic of following one's trading plan.

The market price of Bitcoin is till dancing around $26k and for almost a week now there's no form of leaving that amount and at some point it seems to be the price for this month before entering October.
I still don't know why it hasn't gotten to $27k but when the price grows to $26,700 it will come down drastically, what's really the cause? Because we're still expecting it to go beyond $27-28k before the end of this month.

No need to be confused but just enjoy the price movement because it looks like the price still can't increase too much.
Even if it can, it may not reach above $29k, so we have to be satisfied seeing the price can reach higher than it was some time ago.
There will be a time when it can increase drastically and in the meantime, you should focus on collecting more bitcoins because the time to increase drastically may come suddenly.
I'm still not sure if the price can surpass $28k or even $30k by the end of this month but who knows, it becomes a reality so that in the following months, bitcoin can rise even higher.

yudi09

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Quote from: pooya87 on September 24, 2023, 12:07:37 PM

Quote from: yudi09 on September 24, 2023, 04:25:42 AM

-snip-

Investors should never bother checking the charts since investment requires long term commitment. It is the trades who get involved in the market in short term who need to check the charts and we know that the sideways market is one of the trends that they like the most since they can make profit in a moderately fixed range where they can predict the top and bottom easier.

The difference between investors and traders lies there. Investors don't need to bother themselves to find time to monitor price chart movements at any time. Especially investors who invest regularly.
IMO, from the differences between the two, choosing to act as an investor is more convincing than being a trader.

A market situation where the graph moves sideways is actually desired by both, not just traders, because both types of market players want the price graph to not always move sideways but downwards in order to make a profit. For day traders, they can close trades with a profit if the chart position is always sideways.

Sexylizzy2813

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Quote from: Natsuu on September 24, 2023, 11:22:54 PM

I hardly oppose to most things that are said in here. The market condition wasn't the same as before. Today's trading is different. It may look alike but it is completely different circumstances, economic events, and fundamentals. Every price action in the marketplace is unique. We're actually in a down-trending market and no longer in a consolidation.

The second thing is about the ultimate goal of trading. It is following the plan. Making money is just a byproduct of the discipline and work-ethic of following one's trading plan.

The market price of Bitcoin is till dancing around $26k and for almost a week now there's no form of leaving that amount and at some point it seems to be the price for this month before entering October.
I still don't know why it hasn't gotten to $27k but when the price grows to $26,700 it will come down drastically, what's really the cause? Because we're still expecting it to go beyond $27-28k before the end of this month.

Natsuu

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Quote from: YUriy1991 on September 24, 2023, 12:24:20 AM

Quote from: Kemarit on September 22, 2023, 04:04:41 PM

Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

I don't think that we need to brainstorm it though, I'm no expert, but it seems that the price is going on a roller coaster ride.
Meaning, we are still in the bear market, we can't even break the $30,000 barrier again? So just expect that the market will go on a sideway pattern in short term.
So it could be this month, or maybe up to the end of the year.
But as others have said, since we are in the bear market, then still take advantage of the market, just continue to accumulate as much as you can.

That's right and I agree with you in reading this, yes, the market situation is still the same as before, it's still sideways and hasn't shown the direction of a good movement, but what we have to understand is how to take advantage of the situation and increase profits with a trading method that produces the important thing that is realistic and not dizzy after entering the market because the ultimate goal in trading is profit, not loss.

I hardly oppose to most things that are said in here. The market condition wasn't the same as before. Today's trading is different. It may look alike but it is completely different circumstances, economic events, and fundamentals. Every price action in the marketplace is unique. We're actually in a down-trending market and no longer in a consolidation.

The second thing is about the ultimate goal of trading. It is following the plan. Making money is just a byproduct of the discipline and work-ethic of following one's trading plan.

YUriy1991

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Quote from: dansus021 on September 24, 2023, 09:04:10 PM

Here I share my chart

According to my image, the Bitcoin price would be testing the near resistance on 30K and if those line break 36K is the next resistance tho we still early guys accumulate more hahaha

Yes, and often the market traps and creates a sensation then just drops like last night and don't forget that Jerome Powell will announce the Fed's "Fairly Close" to Target Interest Rates again and get ready for volatility to come again and The Fear & Greed Index 38.

Tony116

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Quote from: rodskee on September 24, 2023, 04:10:56 AM

Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

even how good it is explained here yet the market is not certain in anything ,. meaning this can change depend on how people support the market specially Bitcoin as this will decide the faith of altcoins.

Of course, nothing is certain and it is impossible to confirm anything when making predictions about the future. But as a bitcoin investor, we should also analyze and make our own predictions about the market. It can be said that prediction is an indispensable part of investing whether it can be right or wrong. If you invest without any prediction or discussion, it will be very boring and tasteless.
But talking about long-term investment, I am quite sure that the future of bitcoin is bright and we can bet our faith on it. I have complete confidence in bitcoin and in my decisions.

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Quote from: Oshosondy on August 07, 2023, 06:29:34 AM

What are you thinking about this from one guy on Twitter:

Damn, those are looking very similar but broooo Twitter now is X Grin

,

Here I share my chart

According to my image, the Bitcoin price would be testing the near resistance on 30K and if those line break 36K is the next resistance tho we still early guys accumulate more hahaha

pooya87

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Quote from: yudi09 on September 24, 2023, 04:25:42 AM

Quote from: letteredhub on August 07, 2023, 06:15:05 AM

-snip-

Many investors choose not to frequently open chart sites because the crypto market situation is currently weakening. Most market movements will be sideways and occasionally downwards. This is a very common opinion.
In the future, it might be more interesting to revisit the market and see how the graph will happen and where it will move while waiting for news regarding ETFs and halving, including other news such as news regarding the company Tesla which is rumored to be accepting bitcoin payments again.

Investors should never bother checking the charts since investment requires long term commitment. It is the trades who get involved in the market in short term who need to check the charts and we know that the sideways market is one of the trends that they like the most since they can make profit in a moderately fixed range where they can predict the top and bottom easier.

yudi09

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Quote from: letteredhub on August 07, 2023, 06:15:05 AM

-snip-

Many investors choose not to frequently open chart sites because the crypto market situation is currently weakening. Most market movements will be sideways and occasionally downwards. This is a very common opinion.
In the future, it might be more interesting to revisit the market and see how the graph will happen and where it will move while waiting for news regarding ETFs and halving, including other news such as news regarding the company Tesla which is rumored to be accepting bitcoin payments again.

rodskee

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Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

even how good it is explained here yet the market is not certain in anything ,. meaning this can change depend on how people support the market specially Bitcoin as this will decide the faith of altcoins.

Topic: Share your opinion on the market. - page 6. (Read 1264 times)