Topic: technical analysis of Bitcoin prices (Read 285 times)

Quote from: jossiel on July 25, 2020, 12:28:21 PM

~snip~

For now lets not hurry and just wait up for the right time and making out trading decisions carefully because we know that breakouts and traps can happen most of the time if we are that too careless.

Judging on the current price movements, If Btc will rise pass $10,000, I doubt there wont be any breakout. Quick sellers and short traders are always on the look. There might be a short pullback but there will be no bulltrap either. Just a short movements.
Trading decisions are always critical, not unless If you have set up everything, from buying to selling ranges.

Quick seller will almost be present in the market, just like we have seen today, we have a massive spike, went as high $11,300 short sellers liquidate pulling the price down to $10,990 and then went up again to $11,200. So what it means that there are more buyers obviously, so we won't fell that short day traders and they could easily get REKT in a bullish run.

So pullback is negligible and I think there will be more FOMO in the next coming days to push it to $12,000 at least.

TravelMug

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Quote from: TravelMug on July 24, 2020, 10:16:59 PM

^^ Currently we encountered another resistance and fall back to somewhat around $9500 so we might need to wait for $9800 to be breach again. ETH has been hype lately, with their 2.0 and testnet being deploy and with the whole Defi.

We need to wait a bit longer for that 5 digits to be breach again. It seems that we are moving in a slow pace, and so it means we have a lot of leg room to make and not those artificial manipulation and pumps.

Yes, it's struggling to get to $9,600 and I guess it has to stop there for a moment but hoping that it will suddenly break that barrier.

Edit: Just hit $9,606.

And now it gets more interesting, been out a couple of days and surprise, surprise we're now @$11k and it seems this is a break out and the leg room that I'm talking about.

And we are in the last week of this month, very cool to see that we are heading in a positive direction and it's going to be prediction time for the end of the year's price. If this real bull run, easy $15k can be touch before at the end of year.

Oasisman

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Rollbit

Quote from: Lanatsa on July 25, 2020, 04:59:29 PM

~snip~

For now lets not hurry and just wait up for the right time and making out trading decisions carefully because we know that breakouts and traps can happen most of the time if we are that too careless.

Judging on the current price movements, If Btc will rise pass $10,000, I doubt there wont be any breakout. Quick sellers and short traders are always on the look. There might be a short pullback but there will be no bulltrap either. Just a short movements.
Trading decisions are always critical, not unless If you have set up everything, from buying to selling ranges.

Lanatsa

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Activity: 2786

Merit: 646

Quote from: jossiel on July 24, 2020, 07:26:55 PM

Quote from: Lanatsa on July 24, 2020, 06:56:40 PM

~snip~

$9800 is very possible.

ETH has reached to $280 and bitcoin starts to be moving slowly and stable to $9500. At least we are good at these levels and the prices that were speculated by op such as support and resistance, they are all good prices.

$9,800 is so close and just around the corner. Btc has been showing a good upward movement from the last couple of days after hovering around $8,900 - $9,200 for almost a month.
There seems to be an increase of Bitcoin usage today as the mempool are flooded.
Nevertheless, If the gradual upward movement continues in the next coming days, rest assured Btc will touch $10,000 once again. Then let's see it from there.

Its 9700 as of this moment and reaching or moving 100 dollars more wont really take too much time but if the price would held strong and continue to gradual increase then reaching it or breaking 10k wont really be too long and this had been anticipated and been waited by majority.

For now lets not hurry and just wait up for the right time and making out trading decisions carefully because we know that breakouts and traps can happen most of the time if we are that too careless.

There are lots of analysis floating around and it isnt bad to look for some preference and nitpicked to be included into your own analysis.

jossiel

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Quote from: jossiel on July 24, 2020, 07:26:55 PM

$9800 is very possible.

ETH has reached to $280 and bitcoin starts to be moving slowly and stable to $9500. At least we are good at these levels and the prices that were speculated by op such as support and resistance, they are all good prices.

$9,800 is so close and just around the corner. Btc has been showing a good upward movement from the last couple of days after hovering around $8,900 - $9,200 for almost a month.
There seems to be an increase of Bitcoin usage today as the mempool are flooded.
Nevertheless, If the gradual upward movement continues in the next coming days, rest assured Btc will touch $10,000 once again. Then let's see it from there.

It's about to enter $9,600 but looks hard.

$10,000 is at hand and that's expected to be in soon. Just a few more days to sleep and we will see bitcoin going back to $10,000.

Quote from: TravelMug on July 24, 2020, 10:16:59 PM

^^ Currently we encountered another resistance and fall back to somewhat around $9500 so we might need to wait for $9800 to be breach again. ETH has been hype lately, with their 2.0 and testnet being deploy and with the whole Defi.

We need to wait a bit longer for that 5 digits to be breach again. It seems that we are moving in a slow pace, and so it means we have a lot of leg room to make and not those artificial manipulation and pumps.

Yes, it's struggling to get to $9,600 and I guess it has to stop there for a moment but hoping that it will suddenly break that barrier.

Edit: Just hit $9,606.

Oasisman

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Activity: 2590

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Rollbit

Quote from: jossiel on July 24, 2020, 07:26:55 PM

Quote from: Lanatsa on July 24, 2020, 06:56:40 PM

Quote from: Lanatsa on July 24, 2020, 06:56:40 PM

~snip~

$9800 is very possible.

ETH has reached to $280 and bitcoin starts to be moving slowly and stable to $9500. At least we are good at these levels and the prices that were speculated by op such as support and resistance, they are all good prices.

$9,800 is so close and just around the corner. Btc has been showing a good upward movement from the last couple of days after hovering around $8,900 - $9,200 for almost a month.
There seems to be an increase of Bitcoin usage today as the mempool are flooded.
Nevertheless, If the gradual upward movement continues in the next coming days, rest assured Btc will touch $10,000 once again. Then let's see it from there.

TravelMug

hero member

Activity: 2632

Merit: 833

^^ Currently we encountered another resistance and fall back to somewhat around $9500 so we might need to wait for $9800 to be breach again. ETH has been hype lately, with their 2.0 and testnet being deploy and with the whole Defi.

We need to wait a bit longer for that 5 digits to be breach again. It seems that we are moving in a slow pace, and so it means we have a lot of leg room to make and not those artificial manipulation and pumps.

jossiel

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Activity: 2842

Merit: 625

we should just take advantage of situations as much as they take advantage of the new comers in this industry that know less and buy then sell depending on their emotions. As much as I hate the thought of taking advantage of other's flaws, there is just no other way to gain in this industry. Sad truth :/

Strong new comers will fail at the beginning but suddenly they'll learn how things go for bitcoin. Just like us, we came from that point and learned things on the way. After learning that the true potential of bitcoin hasn't been seen yet, we stick.

And the cycle goes for them as we have experienced and know the path they're taking. I'm on the middle side and I don't think that there's taking advantage that must happen on this tier, whales will do that but I don't think on our tier, we don't.

Thats how thing works from time to time and i heavily agree into your point that everyone did really start up into that phase on where we dont any have idea on what we're dealing on here.

Technicals and fundamentals all of them are needed and when it comes to price movement then its totally unpredictable yet we wouldnt know on what money is flowing inside to make the market move

and do go into a specific trend.So far on the current plotting i do have where it can possible break that 9800 resistance and might shoot up on 5 digit price.

$9800 is very possible.

ETH has reached to $280 and bitcoin starts to be moving slowly and stable to $9500. At least we are good at these levels and the prices that were speculated by op such as support and resistance, they are all good prices.

Lanatsa

hero member

Activity: 2786

Merit: 646

we should just take advantage of situations as much as they take advantage of the new comers in this industry that know less and buy then sell depending on their emotions. As much as I hate the thought of taking advantage of other's flaws, there is just no other way to gain in this industry. Sad truth :/

Strong new comers will fail at the beginning but suddenly they'll learn how things go for bitcoin. Just like us, we came from that point and learned things on the way. After learning that the true potential of bitcoin hasn't been seen yet, we stick.

And the cycle goes for them as we have experienced and know the path they're taking. I'm on the middle side and I don't think that there's taking advantage that must happen on this tier, whales will do that but I don't think on our tier, we don't.

Thats how thing works from time to time and i heavily agree into your point that everyone did really start up into that phase on where we dont any have idea on what we're dealing on here.

Technicals and fundamentals all of them are needed and when it comes to price movement then its totally unpredictable yet we wouldnt know on what money is flowing inside to make the market move

and do go into a specific trend.So far on the current plotting i do have where it can possible break that 9800 resistance and might shoot up on 5 digit price.

jossiel

hero member

Activity: 2842

Merit: 625

we should just take advantage of situations as much as they take advantage of the new comers in this industry that know less and buy then sell depending on their emotions. As much as I hate the thought of taking advantage of other's flaws, there is just no other way to gain in this industry. Sad truth :/

Strong new comers will fail at the beginning but suddenly they'll learn how things go for bitcoin. Just like us, we came from that point and learned things on the way. After learning that the true potential of bitcoin hasn't been seen yet, we stick.

And the cycle goes for them as we have experienced and know the path they're taking. I'm on the middle side and I don't think that there's taking advantage that must happen on this tier, whales will do that but I don't think on our tier, we don't.

Jating

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Activity: 2842

Merit: 772