Strengthen and better stabilize the bitcoin process - page 2.

milewilda

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Quote from: pooya87 on October 07, 2020, 02:02:42 AM

Quote from: mr_ROBOTT on October 07, 2020, 01:01:51 AM

and as long as it is above 10500, the ideas for growth will be up to 11000-1400.

i disagree with this part.
time and time again bitcoin market has proven to be more volatile than what support/resistance suggests. we have seen big rises kick start by a drop as long as that drop doesn't go below a certain level which at this point i believe is mainly $10k itself but could be in $9k range too.

a good example of this is December 2019 and breaking out of $6k range. we had a big dump to $6300 right before price shot up to $7700 and after a small correction it continued up towards $10k+ within a month.

Its actually hard to give out precise numbers if we do talk about resistances and supports yet it can really be easily break out by Bitcoin with least expected.We do have indeed that 10800 resistance and if we do able to break it out then we might see 12k or 13k but im not really that rushing up because im aint long term trade but rather a short/active one which is more worth into these kind of movements and when in talks of profitability.
We shouldnt really remove into our minds that dumps can really happen from time to time and breaking or trashing out all of the analysis had been made or to those technicals. Having a a slow and steady
phase doesnt really tell nor guarantee that we are doing well.

Fundamentals Of

sr. member

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This is a good trend I am seeing with Bitcoin continuously holding on to above $10,000. It looks very formidable now. Even the $10,500 appears very strong. The news surrounding Bitcoin and crypto right now are not so good with BitMex being under fire from the US DOJ and KuCoin just got hacked. But with all these unfortunate events, Bitcoin's price remains solid. This looks like a strong bull force is building up. I am seeing a good end to this year, if only in terms of Bitcoin price.

Harlot

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Why are people focusing too much on the trends the candles are forming in their analysis when TA is more than that. I mean if we look at the volume it clearly says that the demand is not with us and us staying above 10,000$ is hanging by the thread. Volume is going down for weeks now and we have several failed attempts to go breakout 12,000$, I think it's several hints already that the consolidation we are having is almost in favor of the bears and people are still remaining bullish until now.

cryptomaniac_xxx

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Quote from: mr_ROBOTT on October 07, 2020, 01:01:51 AM

Hello, good morning, Bitcoin friends, it is going well, its very low speed indicates better strength and stabilization of the trend.

Pretty obvious that the price has been in this range for more than 60 days already. But it doesn't mean that it is stabilized though, the swing could be mild to extremes as we all know that the market is very volatile.

Quote from: mr_ROBOTT on October 07, 2020, 01:01:51 AM

We expect a pullback to the level of 510500-10600, then we continue the trend, and as long as it is above 10500, the ideas for growth will be up to 11000-1400.

The obvious target is $11k, but as you have said, there could be resistance along the way, making it hard for the market to get into that $11k-$11400.

Quote from: mr_ROBOTT on October 07, 2020, 01:01:51 AM

Supports include 10350-10500.

The resistance ahead will be 10800 barrier.

We will see if this support and resistance will hold.

pooya87

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Quote from: mr_ROBOTT on October 07, 2020, 01:01:51 AM

and as long as it is above 10500, the ideas for growth will be up to 11000-1400.

i disagree with this part.
time and time again bitcoin market has proven to be more volatile than what support/resistance suggests. we have seen big rises kick start by a drop as long as that drop doesn't go below a certain level which at this point i believe is mainly $10k itself but could be in $9k range too.

a good example of this is December 2019 and breaking out of $6k range. we had a big dump to $6300 right before price shot up to $7700 and after a small correction it continued up towards $10k+ within a month.

mr_ROBOTT

member

Activity: 312

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Hello, good morning, Bitcoin friends, it is going well, its very low speed indicates better strength and stabilization of the trend.
We expect a pullback to the level of 510500-10600, then we continue the trend, and as long as it is above 10500, the ideas for growth will be up to 11000-1400.

Supports include 10350-10500.

The resistance ahead will be 10800 barrier.

And today's point:
Warren Buffett has a rule that says never test water depths with two Pattons.
You also never have all your capital in a risky job. I invested part of my capital myself
Be sure to follow this case so as not to be harmed.

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