Triangle breakout - page 2. | Bitcointalksearch.org

pushups44

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Quote from: exstasie on May 26, 2019, 03:59:28 PM

Looks like we've started the next wave up. We should have a nice uptrend going for the next week or two. There's still time to jump on board. I think this will go to the $10K area, possibly further.

Where do you think this will top out? I'm curious to see what altcoin/BTC pairs do at that point. If BTC starts flowing into alts rather than fiat, it bodes well for a sustained bull market.

That's a solid observation - I saw the $8,300 as the major barrier, and we sliced through it. How high we go from here will depend on previous areas of support or resistance between $9,000 and $10,000. It looks like in May 2018 the $9,900 level was resistance or a peak from which the price continued to slide.

CryptoBry

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Quote from: exstasie on May 26, 2019, 03:59:28 PM

Looks like we've started the next wave up. We should have a nice uptrend going for the next week or two. There's still time to jump on board. I think this will go to the $10K area, possibly further. Where do you think this will top out? I'm curious to see what altcoin/BTC pairs do at that point. If BTC starts flowing into alts rather than fiat, it bodes well for a sustained bull market.

Congratulations! I think you made the correct projection as just one day after...bitcoin is now moving towards the $9,000 zone which can mean that maybe days from now if not a week we can see bitcoin already approaching the $10,000 barrier. There is a strong market sentiment that bitcoin is all ready for the next level and I am sure that at this time there are many institutional fund managers eagerly looking how they can enter the bitcoin bandwagon and make some money too.

pooya87

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although you'll never know with bitcoin but i don't think we can break $10k this soon, it could probably take a while with at least a couple of tries and fails to break it and go to $11k all of a sudden.

up to this point was the result of the "reverse bubble" burst in my opinion. as i said before, price was in an unstable and artificial low and now it is "bursting" in reverse to go back to the normal stage. with $8k we are just back to where we should have been in January-February if the manipulation hadn't happen.

btc_angela

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Quote from: ajqjjj on May 26, 2019, 10:00:14 PM

Quote from: Adriano2010 on May 26, 2019, 07:01:18 PM

I also think the price will stay under 10k $ for some time and 10k$ will have only on June, but until then we can still get some bitcoin or if we already have to hold, for altcoins is still a problem as most of them not grow.

Bitcoin will going to moon so all the predictions are never possible at anytime. The current situation market is growing well so all the traders are never watching these kind of charts and expectations. May be next week also it will reach 10k USD so before that we can buy more Bitcoin in this time. But those are buying 24 hours before they are all enjoy in current traffic.

Lol, we are not talking about going to the moon here, We are all speculating that a break out run to $10k would happen in the next days or so. It is still still early to say 'mooning'. Short term goal should to at the $10k, unless more FOMO sets in again, it could be huge to see the price grows even more at the end of the month.

ajqjjj

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Quote from: Adriano2010 on May 26, 2019, 07:01:18 PM

I also think the price will stay under 10k $ for some time and 10k$ will have only on June, but until then we can still get some bitcoin or if we already have to hold, for altcoins is still a problem as most of them not grow.

Bitcoin will going to moon so all the predictions are never possible at anytime. The current situation market is growing well so all the traders are never watching these kind of charts and expectations. May be next week also it will reach 10k USD so before that we can buy more Bitcoin in this time. But those are buying 24 hours before they are all enjoy in current traffic.

Dart18

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Quote from: Adriano2010 on May 26, 2019, 07:01:18 PM

I also think the price will stay under 10k $ for some time and 10k$ will have only on June, but until then we can still get some bitcoin or if we already have to hold, for altcoins is still a problem as most of them not grow.

Yeah and it looks like we will have to wait for bitcoin to be in bearish trend again or we could say correction and then altcoins might be pulling up for correction too.
But with bitcoin growing large, it seems like altcoins are still having a difficult time to chase it. Before it was like that way and I am expecting that by now too. Yet, there are still no traces that it will happen.
Got so much altcoins in my portfolio that are waiting to be in good value.

STT

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I'm thinking very similar, I hate to say it because I didnt bet upwards but to break upwards like this appears bullish to me. I would expect the next week to be positive based on this.

However on a daily bar if it can close back below 8200 then its a failed breakout and that is bearish. Not thinking it will do that but that would be exception to the rule I guess

Adriano2010

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I also think the price will stay under 10k $ for some time and 10k$ will have only on June, but until then we can still get some bitcoin or if we already have to hold, for altcoins is still a problem as most of them not grow.

1Referee

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I'm happy that I stopped shorting and got rid of my open short that would otherwise get liquidated.

My mid term target is that the market will top out just under the $10,000 level, correct to $6000, then consolidate, then later attempt to break that $10,000 level again.

As for the altcoins, it has been a horrible year so far in terms of BTC value. XRP lost 50% of its BTC value, and so are there more coins with similar losses. I expect this to continue until Bitcoin shows signs of weakness, and that may be when altcoins will start to regain in BTC terms. In fiat terms most of the altcoins did okay to well, but Bitcoin as big dog and hard to move crypto has been one of the best performers so far, which is quite nice for a difference.

timerland

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I think it is inevitable that a bull market comes sooner or later, if this can't already be classified as such.

The sentiment within the market has already shifted to quite bullish compared to what we saw at the depths of the bear market just a few months ago, which is a sign that mainstream investors are going to be coming into the market based on fomo alone.

It's difficult to say when this bull market will top out exactly, though I think it should be fairly easy for BTC to rally above its previous ATH as a matter of time, given all the new institutional interest within the market this time round, as well as the increased investor base from the '17 market. Though, I'm still doubtful that it'll transpire to anything as large as the hundred-fold growth we saw back then, since total market cap is already quite high.

exstasie

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Looks like we've started the next wave up. We should have a nice uptrend going for the next week or two. There's still time to jump on board. I think this will go to the $10K area, possibly further.

Where do you think this will top out? I'm curious to see what altcoin/BTC pairs do at that point. If BTC starts flowing into alts rather than fiat, it bodes well for a sustained bull market.

Topic: Triangle breakout - page 2. (Read 389 times)