What is Bitcoin up since after Dump?

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Quote from: worldofcoins on December 07, 2021, 03:36:23 PM

Quote from: Greatest2020 on November 13, 2021, 09:08:19 AM

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

Well in my opinion it was a little dark patch for bitcoin that it had recently faced some decline. But remember these ups and downs are part of trading. Yet it hasn't affected the popularity of bitcoin. Remember that the markets are always uncertain and no one can exactly predict what will go to happen in the next moment. Yet the expert opinion has persuasive value. So no need to panic about this decline. As for my analysis, I can simply say that by the end of December it may reach the level of 85K but it's just my own analysis and isn't binding on anyone.

every time it goes up and forms a new ath, the market usually declines first, probably because it's tired of rising and finally experiencing a correction before finally flying high again, so I don't think we need to worry about this, because it is something normal in market movements

worldofcoins

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Quote from: Greatest2020 on November 13, 2021, 09:08:19 AM

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

Well in my opinion it was a little dark patch for bitcoin that it had recently faced some decline. But remember these ups and downs are part of trading. Yet it hasn't affected the popularity of bitcoin. Remember that the markets are always uncertain and no one can exactly predict what will go to happen in the next moment. Yet the expert opinion has persuasive value. So no need to panic about this decline. As for my analysis, I can simply say that by the end of December it may reach the level of 85K but it's just my own analysis and isn't binding on anyone.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: andriarto on December 03, 2021, 09:53:05 PM

During the correction phase, many traders actually used it to buy and eventually the price rose again, until it consolidated, which can be said between the seller and the buyer is balanced, so that later a trend will form again after breaking through support or resistance.

Well there was a crash on the last Saturday morning and the that was in three hours time crash to 45k and therefore I would assume someone bailed hard. This was not a correction because that would be gradual and more organic than this sudden dump.

After this the buying trend had come back in again and currently the price is back at 50k, we should be expecting some more dumps to happen so keep buy orders open at lower prices of 45k and 40k like I said in my previous posts.

If the level of 55k breaks and goes up, we can assume the bull trend is back in once again and that this dump had nothing really to do with any sort of "correction".

andriarto

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Quote from: Greatest2020 on November 13, 2021, 09:08:19 AM

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

I think it's natural to happen in a market where the movement is unpredictable, and we can only predict it. when it reaches the new ath it will experience a saturation phase, and finally a price correction occurs. During the correction phase, many traders actually used it to buy and eventually the price rose again, until it consolidated, which can be said between the seller and the buyer is balanced, so that later a trend will form again after breaking through support or resistance.

Fatunad

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Quote from: Zanab247 on November 30, 2021, 10:10:54 AM

This is a sign of massive profit earning to potential traders in the community. Many traders are still making profits with the correct price of bitcoin in the market. The price is not too dump compare to last year November when the price was
struggling between &40k to $45k that was causing many traders serious worry how to make a good profit to celebrate Christmas and new year very well last year 2020.
The price of bitcoin look as if is dumping in the market but to the eyes of the professional traders the price of bitcoin is preparing to hit $70k before the end of this year 2021. There will be enough profit to achieve with this four weeks that remain before the end of the year.

People are freaking out when the time that they are seeing that the market is making out some correction or pullbacks on where it do really leaves the impression that it might really shooting way low just the same on what happened into the past which its not really that surprising that they would really be having this kind of mindset.
The market could really make out those kinds of movements which isnt really that surprising because this wont be called a market on the first place if it doesnt
involved ups and downs which you should really utilize these movements for your benefit.

LUCKMCFLY

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Quote from: Kelvinid on November 28, 2021, 06:16:51 PM

Quote from: Greatest2020 on November 13, 2021, 09:08:19 AM

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

It has been almost a month that we have never seen huge changes in the price. Bitcoin is still below $60k but it was still a good price for me.

We are currently at $56k now but I expect corrections any time as the Christmas holiday's come. But, I don't think that we even drop more below $50k next month but I'd rather think about recovery.

Well, we can't just set aside any possibility of huge corrections. We know the market is unpredictable, we can be positive but never think that it all goes that way or that it goes in the opposite. Well, much better not to expect more.

I think the same as you, in fact a small correction may occur, I find it difficult to touch $ 50k, I have seen in several exchanges that the sell orders are mostly for $ 52k, and this is somewhat representative, in tensorcharts.com I like to see the book of purchases and sales, because everything is in real time, there I have seen where the orders are set waiting for the price at those levels, from there it is difficult to determine because according to the strength of the market it will be defined your address, but I am one of those who thinks that this December BTC can reach $ 100k, what I see that is bothering a bit globally is the new variant of Covid-19 that causes panic in people.

Zanab247

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This is a sign of massive profit earning to potential traders in the community. Many traders are still making profits with the correct price of bitcoin in the market. The price is not too dump compare to last year November when the price was
struggling between &40k to $45k that was causing many traders serious worry how to make a good profit to celebrate Christmas and new year very well last year 2020.
The price of bitcoin look as if is dumping in the market but to the eyes of the professional traders the price of bitcoin is preparing to hit $70k before the end of this year 2021. There will be enough profit to achieve with this four weeks that remain before the end of the year.

judaspriest

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Quote from: matchi2011 on November 30, 2021, 01:09:44 AM

Quote from: Kasabus on November 29, 2021, 01:44:58 PM

Bitcoin has been more unpredictable these days and that is why most of the traders are still in doubt whether to trade bitcoin or not as the market itself is still in a correction phase. But it seems that bitcoin is slowly recovering for now so its a wise decision that we keep holding our bitcoin because there will be chances again that we will end up this year with a new ATH if bitcoin will continue to recover from its dump price. Well, its not really surprising as december is already coming and all we know about it is bitcoin reaching new ATH that will make the whole crypto market very bullish. That's how bitcoin went out in the previous years, so i'm hoping that we will still follow the same trend.

Holding if you are planning for long-term investment is a very wise decision, the market will experienced
up and down and by surprise, it will pump high or fall harder. In any investment, learning the deeper.
side of the business will help you to attain success.

Keep your knowledge intact and enhance more to make sure that you are deciding in an appropriate way.

I think if owning Bitcoin is the best decision in my opinion, stick with it for long term investment,
when Bitcoin price drops we don't need to panic and use that time to buy,
it should be like that when we start investing we must not stop learning and must continue to learn is important

matchi2011

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Quote from: Kasabus on November 29, 2021, 01:44:58 PM

Bitcoin has been more unpredictable these days and that is why most of the traders are still in doubt whether to trade bitcoin or not as the market itself is still in a correction phase. But it seems that bitcoin is slowly recovering for now so its a wise decision that we keep holding our bitcoin because there will be chances again that we will end up this year with a new ATH if bitcoin will continue to recover from its dump price. Well, its not really surprising as december is already coming and all we know about it is bitcoin reaching new ATH that will make the whole crypto market very bullish. That's how bitcoin went out in the previous years, so i'm hoping that we will still follow the same trend.

Holding if you are planning for long-term investment is a very wise decision, the market will experienced
up and down and by surprise, it will pump high or fall harder. In any investment, learning the deeper.
side of the business will help you to attain success.

Keep your knowledge intact and enhance more to make sure that you are deciding in an appropriate way.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Fakhrulenclix on November 29, 2021, 01:38:42 PM

Talking about trust based on chart studies, it is also not certain that bitcoin will break through $100k, it will take a very long time for bitcoin to happen as you say. But speaking of bitcoin when there will be a pump and dump, this often happens when there is a big open buy. So that the process of increasing the graph is more visible. And vice versa with the decline.

Well the last dump back to 54k has been recovered and we are back to 57k USD once again. I think this is a correction for the dump and people had orders to complete because they are hoping to cross the 60k mark once more. I would not be so longshot as 100k USD but crossing 60k should be the minimum to indicate the bullish trend.

As we can see the price did not drop below 54k which can be because a support level has accumulated at that price and a resistance level is at 58k, which is being tested already. Bears selling at 58k are making a profit.

All these only confirm the fact that cycle is endless, it goes up and comes back down only to go back up again.

TimeTeller

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Quote from: Kasabus on November 29, 2021, 01:44:58 PM

Quote from: SmokerFace on November 29, 2021, 01:30:30 PM

Honestly, we can't predict the exact next step for BTC or any other currency. As we all know it depends upon the market strategy, market trends, and the trend of people on buying/selling the bitcoin.
Well as of my own opinion December can prove to be a good breakdown for bitcoin due to the current trend and interest of people in BTC. Let's hope for the better and fasten your seatbelts.

Bitcoin has been more unpredictable these days and that is why most of the traders are still in doubt whether to trade bitcoin or not as the market itself is still in a correction phase. But it seems that bitcoin is slowly recovering for now so its a wise decision that we keep holding our bitcoin because there will be chances again that we will end up this year with a new ATH if bitcoin will continue to recover from its dump price. Well, its not really surprising as december is already coming and all we know about it is bitcoin reaching new ATH that will make the whole crypto market very bullish. That's how bitcoin went out in the previous years, so i'm hoping that we will still follow the same trend.

The volatility factor of btc is the feature that a lot of traders wanted from it.
Because if you know how to strategize, you can really get profits even from scalping.
As no one can precisely predict what will happen next, you are just trusting your instincts on this market.
Keep your eyes open with news, either bad or good news, so you have idea what may happen to the btc performance.
And we can't even guarantee that it will indeed follow the previous trend, you just hope that it will.
In any case, you need to be ready and think about your plans on how to take advantage of the opportunity once it comes.

Kasabus

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Quote from: SmokerFace on November 29, 2021, 01:30:30 PM

Honestly, we can't predict the exact next step for BTC or any other currency. As we all know it depends upon the market strategy, market trends, and the trend of people on buying/selling the bitcoin.
Well as of my own opinion December can prove to be a good breakdown for bitcoin due to the current trend and interest of people in BTC. Let's hope for the better and fasten your seatbelts.

Bitcoin has been more unpredictable these days and that is why most of the traders are still in doubt whether to trade bitcoin or not as the market itself is still in a correction phase. But it seems that bitcoin is slowly recovering for now so its a wise decision that we keep holding our bitcoin because there will be chances again that we will end up this year with a new ATH if bitcoin will continue to recover from its dump price. Well, its not really surprising as december is already coming and all we know about it is bitcoin reaching new ATH that will make the whole crypto market very bullish. That's how bitcoin went out in the previous years, so i'm hoping that we will still follow the same trend.

Fakhrulenclix

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Quote from: Patigi on November 28, 2021, 03:57:21 PM

I don't think that Bitcoin actually dump but I just believe theirs not stable prince for Bitcoin and that is how the price to be operating going up and down with little price changes. With my experiences with Bitcoin any December Bitcoin doesn't pump anyhow so by January it can take back is journey by increasing in price. I believe Bitcoin price will hit $100k by next year. With chart study Bitcoin will surely pump very soon.

Talking about trust based on chart studies, it is also not certain that bitcoin will break through $100k, it will take a very long time for bitcoin to happen as you say. But speaking of bitcoin when there will be a pump and dump, this often happens when there is a big open buy. So that the process of increasing the graph is more visible. And vice versa with the decline.

SmokerFace

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Honestly, we can't predict the exact next step for BTC or any other currency. As we all know it depends upon the market strategy, market trends, and the trend of people on buying/selling the bitcoin.
Well as of my own opinion December can prove to be a good breakdown for bitcoin due to the current trend and interest of people in BTC. Let's hope for the better and fasten your seatbelts.

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Quote from: Greatest2020 on November 13, 2021, 09:08:19 AM

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

It has been almost a month that we have never seen huge changes in the price. Bitcoin is still below $60k but it was still a good price for me.

We are currently at $56k now but I expect corrections any time as the Christmas holiday's come. But, I don't think that we even drop more below $50k next month but I'd rather think about recovery.

Well, we can't just set aside any possibility of huge corrections. We know the market is unpredictable, we can be positive but never think that it all goes that way or that it goes in the opposite. Well, much better not to expect more.

Slow death

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Quote from: Greatest2020 on November 13, 2021, 09:08:19 AM

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

I think you've probably noticed that just as the price goes up a lot it must also go down a lot, and that's normal. just think:

if a lot of people were buying at $40,000 then when it got to $69,000 these people start selling and few people are buying in the fall, what happens? the price drops.

Quote from: Greatest2020 on November 13, 2021, 09:08:19 AM

What does your technical analyst say about it?

be patient that the price will increase even if years pass it will increase

Patigi

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I don't think that Bitcoin actually dump but I just believe theirs not stable prince for Bitcoin and that is how the price to be operating going up and down with little price changes. With my experiences with Bitcoin any December Bitcoin doesn't pump anyhow so by January it can take back is journey by increasing in price. I believe Bitcoin price will hit $100k by next year. With chart study Bitcoin will surely pump very soon.

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Quote from: ?? on ??

Quote from: jaberwock on November 28, 2021, 02:14:06 PM

Quote from: erep on November 28, 2021, 10:45:03 AM

If next december is going to fall on a strong correction then every december will be a red storm of market prices, but other than that rumors that bitcoin has the potential to hit $100k ATH would support that the correction level should not fall more than $45k.

I was thinking that if Bitcoin was really going to reach $100,000 before this year is over, then by now it shouldn’t be down to the current price which is below $50,000. But I’m still positive about it increasing and reaching a new ATH, just that I am not so sure about that $100,000. But it would be really cool if it is to get as high as that.

The general public is bullish about Bitcoin, anybody you ask this would always tell you that the market is still going to be bullish and there would be further increase in the market, especially in this month of December that we are about to enter. Same thing with me, I am also bullish about the market, though I have seen some few analysis and news that are negative, but I am not giving up hope on that the market will be bullish the next month.

There is only one month more to go and yet, the market is still not recovering, bitcoin is still in its current price at $54,498. Although some have decided to quit and sell their bitcoin or altcoins, but i think this current price correction will be a big help soon because it can create a strong support level for bitcoin reach a higher ATH once it recovers. With this, i remained solid and still hoping that we will end this year with a bullish market, not with a bear trap.

Why in a hurry actually?

We've been always like this every year on where we do really anticipate that there would really be some bull run whenever we do really hit that last month on each year.
Well, i cant really blame off people on seeing that way yet historical movements do really happen on these times of the year.

For now lets no really make our hopes up because we dont actually on what would happen next.Lets just be grateful that price as of this moment
did really make out some good hold on 50k up levels.

jaberwock

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Quote from: erep on November 28, 2021, 10:45:03 AM

If next december is going to fall on a strong correction then every december will be a red storm of market prices, but other than that rumors that bitcoin has the potential to hit $100k ATH would support that the correction level should not fall more than $45k.

I was thinking that if Bitcoin was really going to reach $100,000 before this year is over, then by now it shouldn’t be down to the current price which is below $50,000. But I’m still positive about it increasing and reaching a new ATH, just that I am not so sure about that $100,000. But it would be really cool if it is to get as high as that.

The general public is bullish about Bitcoin, anybody you ask this would always tell you that the market is still going to be bullish and there would be further increase in the market, especially in this month of December that we are about to enter. Same thing with me, I am also bullish about the market, though I have seen some few analysis and news that are negative, but I am not giving up hope on that the market will be bullish the next month.

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Quote from: ShowOff on November 26, 2021, 11:43:55 AM

We certainly know that a correction is normal for bitcoin's price, but it's a bit surprising when this quick dump occurs as December is imminent. If the new ATH doesn't occur during December, I just believe the price will go back down. This is a gray area for me to hold or sell for a while.

If next december is going to fall on a strong correction then every december will be a red storm of market prices, but other than that rumors that bitcoin has the potential to hit $100k ATH would support that the correction level should not fall more than $45k.

Topic: What is Bitcoin up since after Dump? (Read 476 times)