Topic: What is behind the past few days of rally? - page 2. (Read 549 times)
I think today happiness is gone because the market conditions are red again and the price of all coins at the exchange place falls, when prices fall like this in my opinion there will be many traders who will panic and will sell their assets at lower prices.
in the last few days bitcoin fell approximately $ 500, now bitcoin is currently at $ 8K and in my opinion this is the lowest point in the last few days, there are two possibilities that the next few hours the price will fall down or bounce pumping again, I personally believe $ 8K is the point the lowest and will bounce at least touching $ 9K.
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.
You made a right prediction price is still falling, it's been two months of not having a good movement in price, if you happen to attached feeling on the price, you'll have a roller coaster ride and this will cause you anxiety in the long run.
Honestly, I don't want price to stabilize in this level I want to see the price in another all-time high and stabilize there even for a few months but not at this current price.
Green candle just few day and now bitcoin or altcoin price back red candle, how long bitcoin still down with many update news discuss bitcoin on October back to $20k, maybe impossible with prediction bitcoin to higher because today bitcoin still with $8k where so far with bitcoin price prediction giving by some one who accurate for prediction bitcoin price last years, many possible happen with bitcoin but for raise to $20k in this less possibility for happening.
I trade for a few days and get a defeat, I feel I have to temporarily exit this market and wait for the right moment to reenter .
That's the right decision. It takes some self-awareness and discipline to actually come to that point and stick to it. It's completely and utterly pointless to force yourself to trade a market in its current condition. This is how a lot of wannabe traders end up broke because they somehow think that you have to trade every single day as trader.
It won't take long before we get a big 5-10% move (likely before friday), but I'm afraid that it won't be a move people will appreciate. I don't know how people still look at the positive side of the market with how there is nothing positive (unless you're short and look to accumulate spot coins) about it at all. We have had confirmation after confirmation that the market shifted from bullish to bearish.
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 because there's many buyer of bitcoin now or some whales create this rising of the price. What ever it is the reason of the green in the market let's be thankful because it's mean there's a chances of bull run. Even though the price now is of other coins is down its a opportunity to other's to buy in the market. Be more observer because there many things to happen in next few days or weeks,market always surprising us. 
We are witness the end of the bear market guys , just hang tight and have patience , don't panic sell as the market could make a swing anytime now but don't expect parabolic rises in the next days or until the end of the year as bulls needs to make further buy orders in order to make sure everything will be okay.
I said in my previous posts , in my opinion the bear market ended on 15th October when the W was made on the charts leading to bitcoin drop again and switching positions from bear to bull. Lets wait and see as we had so many red days with cryptos ...its time to switch to green.
I said in my previous posts , in my opinion the bear market ended on 15th October when the W was made on the charts leading to bitcoin drop again and switching positions from bear to bull. Lets wait and see as we had so many red days with cryptos ...its time to switch to green.
yes I think so, and now the market is in the midst of sluggish conditions, even worse in the past 1 week there was no increase, I trade for a few days and get a defeat, I feel I have to temporarily exit this market and wait for the right moment to reenter .
Last days rally maybe was due to some good news coming from institutional investors, bakkt volume, unicef acceptance and so forth. But market is so toxic right now, BTC and Eth drop further which is sad for the traders but an opportunity for those who are hunting for it.
Past days rally was countered by this days bearish scenario. But its always a cycle, lets just wait for the market rebound.
yes I think so, and now the market is in the midst of sluggish conditions, even worse in the past 1 week there was no increase, I trade for a few days and get a defeat, I feel I have to temporarily exit this market and wait for the right moment to reenter .
I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green. Although all my hopes may not be crowned with success, yet I heed the statements of authoritative analysts.
I am not sure if the situation can be changed at the end of September because bitcoin still not increase so high. The highest price bitcoin can reach so far is around $12k, but we have the experience to see bitcoin price getting dump so hard and this time, bitcoin price still at $9k level. But that will be different if we talk about in the next year because bitcoin in the next year will get halving so there is a possibility to see the price will pass $15k or even it could reach the highest price. The situations are still unpredicted as we don't have a crystal ball to know what will happen in the future. But I still believe that the bitcoin price will be increased in the future.
Nothing is behind the move as at present, Bitcoin is following technical alignment. We might see a deep down before any uptrend again. So, we need to put stop tools in place to avoid sudden deep of assets categories
I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green. Although all my hopes may not be crowned with success, yet I heed the statements of authoritative analysts.
I think this September is really pregnant with loads of surprises for the cryptocurrency market which is due now, I see this bakkt future news, I see gram releasing their coin and some other news of launching that I have heard for this September and I am sure they will all play their own role in making the value of bitcoin cross some certain barriers. I would really not be surprised if by the end of September, the price of bitcoin docks at $15,000, we might think that it is not possible, it is absolutely possible and I can't wait for many of us to see it based on some personal analysis that I have done also which i would not like to impose on people, I dint like speculating out, but I just know that September is the beginning of the bull run of many coins in the market.
While August is known as the ghost month, in September there can be a rosy field all waiting for all of us or so I am hoping. Bitcoin is such a beast so difficult to predict on how it will be behaving as there are times when its movements were defying logical explanations. Personally, I am maintaining a very positive vibe on Bitcoin despite some setbacks it might be encountering along the way. I am more optimistic for Bitcoin next year rather than within 2019.
I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green. Although all my hopes may not be crowned with success, yet I heed the statements of authoritative analysts.
I think this September is really pregnant with loads of surprises for the cryptocurrency market which is due now, I see this bakkt future news, I see gram releasing their coin and some other news of launching that I have heard for this September and I am sure they will all play their own role in making the value of bitcoin cross some certain barriers. I would really not be surprised if by the end of September, the price of bitcoin docks at $15,000, we might think that it is not possible, it is absolutely possible and I can't wait for many of us to see it based on some personal analysis that I have done also which i would not like to impose on people, I dint like speculating out, but I just know that September is the beginning of the bull run of many coins in the market.
I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green.
Almost everyone shares the same sentiment. Well, if Bakkt doesn't happen again, I'd expect full downhill to 6k level or so. Not so surprising if that happens.
It seems like a lot of people are selling some of their holdings to anticipate the 6th of September. Save some profits instead of gambling all of their money you'd say.
I think that the situation should change at the end of September, when Bitcoin futures trading begins, and therefore I hope that the cryptocurrency market of the word will show green. Although all my hopes may not be crowned with success, yet I heed the statements of authoritative analysts.
There are rallies and bears going around all the time, you have this insane idea that bitcoin price has to keep going up, some people think like that, like bitcoin owes them some increase, it doesn't. Bitcoin could go from 10 thousand to 5 thousand to 20 thousand all the time and there is nothing we can do to stop it from doing it. Hence sometimes there are rallies and sometimes there are not and that is how the nature of bitcoin shapes up.
There is no need for a reason to rally honestly, bitcoin can do whatever the hell it wants and we would just watch it and be incapable of stopping it. If it wants to rally it will, no news no person no logic will stop it from rallying if people just get hyped and start buying all at once. That is why stop fighting it and just go along with it.
I understand every of your point, but you still have to remember that there is no bitcoin without you, bitcoin is not human to act on its own, whatever price action you see in bitcoin is as a result of our activities, if none of us out money in bitcoin, or use bitcoin for anything, bitcoin will never have seen the light of the day, and remember, aside the fact that Bitcoin’s usability is the main key, it also promises to serve as store of value to people that will use it for investment purpose.There is no need for a reason to rally honestly, bitcoin can do whatever the hell it wants and we would just watch it and be incapable of stopping it. If it wants to rally it will, no news no person no logic will stop it from rallying if people just get hyped and start buying all at once. That is why stop fighting it and just go along with it.
When it comes to anything store of value, it is expected to appreciate and then give the believer or the holder the benefit of choosing the system to use as store of value, so my brother, bitcoin really owe people for making the system what it is today and if you ask satoshi, I am sure all he will do is to appreciate people and not kind of castigating them or making feel less important like you are doing.
I have made an experiment. I was checking the CMC information every hour for the whole day, and during this time, most cryptocurrencies managed to change their "color" several times. It is extremely difficult to catch the right moment where to trade if you deal with day trading. It has become too stressful.
Nobody stands behind these fluctuations: traders behavior makes these corrections often.
These market swing is indeed quite complicated to understand, besides how china-US trade war take a big impact.. I'm sure the confusion in-between makes most people prefer to cash the money out with the current uncertain situation. Nobody stands behind these fluctuations: traders behavior makes these corrections often.
I do get a huge loss by trading on ethereum and litecoin, not even an arbitrage works this time. Everything seems moving on opposite direction.
I thought since few weeks ago it was a support stress testing , a correction. It seems I'm wrong now. The bear rally is happening...
There are rallies and bears going around all the time, you have this insane idea that bitcoin price has to keep going up, some people think like that, like bitcoin owes them some increase, it doesn't. Bitcoin could go from 10 thousand to 5 thousand to 20 thousand all the time and there is nothing we can do to stop it from doing it. Hence sometimes there are rallies and sometimes there are not and that is how the nature of bitcoin shapes up.
There is no need for a reason to rally honestly, bitcoin can do whatever the hell it wants and we would just watch it and be incapable of stopping it. If it wants to rally it will, no news no person no logic will stop it from rallying if people just get hyped and start buying all at once. That is why stop fighting it and just go along with it.
There is no need for a reason to rally honestly, bitcoin can do whatever the hell it wants and we would just watch it and be incapable of stopping it. If it wants to rally it will, no news no person no logic will stop it from rallying if people just get hyped and start buying all at once. That is why stop fighting it and just go along with it.
Combination of factors could be responsible for the rallying but really, we have become so comfortable with this position to wanting to know a margin not up to $500 which at most didn't even stabilise and begin to look for answers to it. I have read about how the Chinese activities about devaluation of currency or how the trade war from America is causing some moves either way, the active move is done by the participants which includes you and me and its by our activities that would either sustain the market or makes it dump hard.
If we look at August 5 the bitcoin candle does look green in succession, but I think it's natural because bitcoin is trying to break resistance. Or this is indeed the whale that drives bitcoin to break resistance.
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And let's look at the current BTC, Bitcoin looks still quite stable in the resistance area and I'm sure tomorrow there will be a very significant move on the BTC. But whether the movement will be good or bad, from my analysis it will be a good move if the whales really try to pump bitcoin.
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Why always manipulation? Yes, because this is a decentralized market, there is nothing to regulate here, only those who have large funds can influence the market.
The popes have many ways to manipulate, they are free to do it directly or gradually, sometimes they do manipulations gradually every day.
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And let's look at the current BTC, Bitcoin looks still quite stable in the resistance area and I'm sure tomorrow there will be a very significant move on the BTC. But whether the movement will be good or bad, from my analysis it will be a good move if the whales really try to pump bitcoin.
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Why does it always have to be manipulation? This is really sad. Every time people see the price rising, there are always some group of people that starts on screaming price manipulation. Yeah, manipulation does take place, but this is not how the manipulation works. In manipulation, we see sudden rise of the price and then sudden drop with just within few hours or days. Right now we are seeing stable price rise and the price holding their position for a while (the recent small dip was probably due to price correction which is normal). There is no indication of price manipulation over here.
Why always manipulation? Yes, because this is a decentralized market, there is nothing to regulate here, only those who have large funds can influence the market.
The popes have many ways to manipulate, they are free to do it directly or gradually, sometimes they do manipulations gradually every day.
Yes, because the market is really prone to manipulation and there is no fundamentals to back up the current spike. Just look at the current price today, it did rise to $10600-$10800 unfortunately it didn't hold up as sellers panic and sold off again. So clearly, this some kind of manipulation to push the price to that level and giving false signal to those noobs to buy and try to ride the FOMO. And then just like that speculators sell and squeeze every bit of profit they can maximized from the sudden increase.
I have made an experiment. I was checking the CMC information every hour for the whole day, and during this time, most cryptocurrencies managed to change their "color" several times. It is extremely difficult to catch the right moment where to trade if you deal with day trading. It has become too stressful.
Nobody stands behind these fluctuations: traders behavior makes these corrections often.
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