What is behind the past few days of rally?

jostorres

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Quote from: Cnut237 on November 04, 2019, 08:11:54 AM

I don't think there always has to be a reason, there doesn't have to be something in the news that the markets are responding to. Often movements are just because sell or buy pressure has been exhausted. You can't see the pressure building up just in dollar prices on CMC as these remain unchanged - all that you see on CMC is when the floodgates open and the price rockets up or plunges down. You have to actually look on exchanges to see buy and sell walls getting eroded down.

When we talk of factors that usually affect the value off bitcoin, we should know that the factor cannot be in a particular location, it could spread round the whole continent which we may not even have a clue to what it is if where the factor came from exactly does not create a news for it.

My country is not a popular country, and imagine that something happen that made bitcoin shoot up in my country, maybe a particular billionaire decide to move his money to another location through bitcoin, and will do it through exchanges which we may all not get to know if nobody announces it, so I see all these stress of having to look for the factors responsible as something that is really not necessary, because not all factors will be made known except the ones that are coming from very popular region.

justdimin

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Not a bad day for crypto in general but I feel like there is still more to come, we didn't went up for nothing, if this was the all we
could come up to then why did we even bothered? That is why I feel like there will be some sort of increase for sure, don't know how high and don't know when it will happen but I am 99% sure we will get higher.

Maybe we could even drop first, I am not a trading expert so we could totally go down as well but I am 100% sure even if it falls a bit first then it will go up even higher than current price. That is why I am buying right now, I believe bitcoin price to go up a lot and there is no way bitcoin price is not going up so buying right now would make a lot of sense in financial ways, not that many other stuff I can invest that I am certain I will make a profit.

BChydro

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Quote from: panganib999 on November 05, 2019, 10:44:16 AM

bitcoin or the whole cryptocurrency are being their safe haven for it was free from the manipulation of the government so they will be far from being the collateral damage of what the government has been done. The action done by investors and businesses affected the marjet because of high demand and the vast adaption that are slowly emerging more and more.

The manipulation from government might not be in the market but the bitcoin market is susceptible to manipulation from fund houses and so is the reason you see major volatility in the market sometimes, if there is a global economic crisis all the market will be affected including bitcoin market but people are attracted to this market because of decentralization and global free trade.

Oneandpure

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Quote from: panganib999 on November 05, 2019, 10:44:16 AM

Quote from: Pipdips on August 05, 2019, 10:21:19 AM

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

We all know that the market price is being higly affected and driven by how cryptocurrency users are moving within the space, or by how many are using it. Many countries are suffering economic crisis due to their political decisions, corruption, inflation and such things, these factors are driving investors and businesses into thinking of how they can save theirselves from the crisis that their country is going through, and bitcoin or the whole cryptocurrency are being their safe haven for it was free from the manipulation of the government so they will be far from being the collateral damage of what the government has been done. The action done by investors and businesses affected the marjet because of high demand and the vast adaption that are slowly emerging more and more.

Green candle always at the end of year bitcoin have good price for investing, just take profit after bitcoin raise to higher price without hold for long time because many bad news bitcoin price always at new year, better keep safe your money with selling after bitcoin price raise up. You can restart after bitcoin down for re investing to get chance with bitcoin on lower price.

panganib999

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Quote from: Pipdips on August 05, 2019, 10:21:19 AM

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

We all know that the market price is being higly affected and driven by how cryptocurrency users are moving within the space, or by how many are using it. Many countries are suffering economic crisis due to their political decisions, corruption, inflation and such things, these factors are driving investors and businesses into thinking of how they can save theirselves from the crisis that their country is going through, and bitcoin or the whole cryptocurrency are being their safe haven for it was free from the manipulation of the government so they will be far from being the collateral damage of what the government has been done. The action done by investors and businesses affected the marjet because of high demand and the vast adaption that are slowly emerging more and more.

meliodas

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It is simple economics. When the people see that the price is really low and if there is a strong support for the price then that is when they will get into the market and buy a lot of the particular coin and when that happened, it will trigger a pump in the market that will create more hype, resulting into having a price rally. So it is simply law of supply and demand.

toast

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Quote from: ecnalubma on October 20, 2019, 03:31:34 PM

All green again slow but steady, nobody can really pinpoint what’s going on with the prices. If the prices will not break out of Bitcoins current average prices it will not attract new demand, but its hard to expect.

investing with crypto and altcoin is a risk that we will get, one of which is no one can know the prediction of future developments so as investors we must be clever in utilizing every opportunity we will get in investing with the crypto currency so take advantage of opportunities as well as possible

Taskford

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Quote from: Serco on November 03, 2019, 09:06:54 AM

Quote from: asus09 on November 03, 2019, 06:58:48 AM

Quote from: Pipdips on August 05, 2019, 10:21:19 AM

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

Maybe want the end of year make candle look green with bitcoin and altcoin price have raise up to higher price, many time end year make bitcoin and altcoin growing to higher price. The most expensive bitcoin price above $16k happen at the end of 2017 and the same thing moment for bitcoin go up maybe on end this year, just prediction with usually happen at end of year you can trust with my opinion and keep running like water.

end of year has no correlation in bitcoin price,based on history it just hype that drive traders and investors buying bitcoin.as we heard few days ago good news coming from china and it be trigger for bitcoin price movement.from around $7500 its now around $9300 ,significant movemenr from single news from china.we need more to see bitcoin on around $16000.maybe this year bitcoiin will closing below $15k .

On what happen today is a Chinese fud and imagine how many percentage gain after the government announce that they will support the block chain it huge for 24 hours movements right? But in relation with halving times since it will happen next year maybe we can see your asked price at $16000 by next year or even more since for sure that happenings could bring good hype for all crypto users.

Cnut237

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I don't think there always has to be a reason, there doesn't have to be something in the news that the markets are responding to. Often movements are just because sell or buy pressure has been exhausted. You can't see the pressure building up just in dollar prices on CMC as these remain unchanged - all that you see on CMC is when the floodgates open and the price rockets up or plunges down. You have to actually look on exchanges to see buy and sell walls getting eroded down.

huige007

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Quote from: Serco on November 03, 2019, 09:06:54 AM

Quote from: asus09 on November 03, 2019, 06:58:48 AM

Quote from: Pipdips on August 05, 2019, 10:21:19 AM

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

Maybe want the end of year make candle look green with bitcoin and altcoin price have raise up to higher price, many time end year make bitcoin and altcoin growing to higher price. The most expensive bitcoin price above $16k happen at the end of 2017 and the same thing moment for bitcoin go up maybe on end this year, just prediction with usually happen at end of year you can trust with my opinion and keep running like water.

end of year has no correlation in bitcoin price,based on history it just hype that drive traders and investors buying bitcoin.as we heard few days ago good news coming from china and it be trigger for bitcoin price movement.from around $7500 its now around $9300 ,significant movemenr from single news from china.we need more to see bitcoin on around $16000.maybe this year bitcoiin will closing below $15k .

Bitcoin tends to rise in some quarters of years and fall in others. Near Christmas, it does gain some value and 2017 was like this. Obviously, it is not like every passed year was 2017 but the prices do change when a year comes to its closing. Even in the least hoped scenario, bitcoin is expected to rise to 15k dollars and this is going to bring a lot of happiness to bitcoin holders. Actually the whole market will become happy.

Serco

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Quote from: asus09 on November 03, 2019, 06:58:48 AM

Quote from: Pipdips on August 05, 2019, 10:21:19 AM

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

Maybe want the end of year make candle look green with bitcoin and altcoin price have raise up to higher price, many time end year make bitcoin and altcoin growing to higher price. The most expensive bitcoin price above $16k happen at the end of 2017 and the same thing moment for bitcoin go up maybe on end this year, just prediction with usually happen at end of year you can trust with my opinion and keep running like water.

end of year has no correlation in bitcoin price,based on history it just hype that drive traders and investors buying bitcoin.as we heard few days ago good news coming from china and it be trigger for bitcoin price movement.from around $7500 its now around $9300 ,significant movemenr from single news from china.we need more to see bitcoin on around $16000.maybe this year bitcoiin will closing below $15k .

fiulpro

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Whatever the rally is doing it's doing good for the society what I think is the reason price is rising is because of the investors coming in when it was low in the previous day's therefore I do think that this rally is a direct outcome of the demand and the supply rule therefore I think it would be good to assume that it might go down because of the holiday season and also at the same time you could also expect some good news since investors are putting their money on it going till 9k $ .
Let's see what happens.

asus09

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Quote from: Pipdips on August 05, 2019, 10:21:19 AM

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

Maybe want the end of year make candle look green with bitcoin and altcoin price have raise up to higher price, many time end year make bitcoin and altcoin growing to higher price. The most expensive bitcoin price above $16k happen at the end of 2017 and the same thing moment for bitcoin go up maybe on end this year, just prediction with usually happen at end of year you can trust with my opinion and keep running like water.

sirminesalot

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Quote from: ecnalubma on October 20, 2019, 03:31:34 PM

All green again slow but steady, nobody can really pinpoint what’s going on with the prices. If the prices will not break out of Bitcoins current average prices it will not attract new demand, but its hard to expect.

so far no one has been able to speculate with certainty about the development of any cryptocurrency and that makes investors have to have more patience and confidence if the crypto currency is experiencing developments in prices and value, I think the benefits will be gained in investing in the future with cryptocurrencies.

Afnan_faizah

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Quote from: Pipdips on August 05, 2019, 10:21:19 AM

It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.

I think it's happen because the trade war between US and China. It makes many companies in booth countries find difficulties to get material for their production so there are many investors move their money from stock market into gold or bitcoin. That is only my opinion.

ecnalubma

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All green again slow but steady, nobody can really pinpoint what’s going on with the prices. If the prices will not break out of Bitcoins current average prices it will not attract new demand, but its hard to expect.

atjiat

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Quote from: erickastella on October 20, 2019, 06:51:47 AM

that is because the formation of several candle charts or altcoin / coin indicators will dump or pump, for example such as Three White Soldiers, namely three bullish candlesticks that appear sequentially during a downtrend, which is a bullish signal. This pattern is one pattern that is considered a strong bullish signal, especially if it appears when the downtrend enters the consolidation phase.

Actually, what is happening on the cryptocurrency market today, I would hardly even call preparation for a bull run. Analysts predict that the price of bitcoin will not fall below $ 8,000, but the price fell even lower, although the price of $ 8,000 should have been the minimum bottom for the cryptocurrency market. Proceeding from this, it is very difficult to assume something, and so far I do not see any reason to expect a bull run.

erickastella

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that is because the formation of several candle charts or altcoin / coin indicators will dump or pump, for example such as Three White Soldiers, namely three bullish candlesticks that appear sequentially during a downtrend, which is a bullish signal. This pattern is one pattern that is considered a strong bullish signal, especially if it appears when the downtrend enters the consolidation phase.

EdvinZ

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Some analysts argue that we are still in the stage of price correction after a sharp rise in value from 3K dollars to 15K. It is Possible that 7-8K dollars is the bottom for bitcoin, but there are also suggestions that for the next hypothetical rally, the price of Bitcoin should collapse even lower. Now traders have a great opportunity to start buying Bitcoins in small proportions, leaving cash in case the price goes even lower.

Murat

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After passing for almost two months, I think this post was right and still the price of Bitcoin is falling down, who knows what's happening inside this system? day by day it's getting a normal case that the price of Bitcoin always ups and downs, so we can't figure it out actually why this thing happens most of the time. This should be fixed and the price should be also stable otherwise people will get lose the interest of this platform, this type of market manipulation is hampering the popularity of both Bitcoin and cryptocurrency platform, I predicted that the October will bring some positive trend but yet the time hasn't come and we are still losing hope of the Bitcoin price.

Topic: What is behind the past few days of rally? (Read 549 times)