What will be the next movement in the market - page 2.

shinratensei_

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Quote from: kakamrul on May 15, 2020, 11:19:55 AM

BTC facing resistance at $10k and Whales dumping at this levels, if it breaks and close above 10k we might see it to $11700 within this month. Immediate support at $9500 and 8800.

11k can be achieved in a short time and it doesn't need to wait even longer. I remember so many times when bitcoin already surpassed 10k and it can reach 11k or even 12k.
It looks like bitcoin will stay at this rate for the next months.

StephenJH

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No more Rekt and Bust

Quote from: Metall303 on June 10, 2020, 03:36:17 PM

Quote from: lillobo on June 10, 2020, 01:49:42 PM

Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies. Bitcoin is almost three times more expensive but also the most well-known cryptocurrency in the world.

Now the news and the behavior of the global economy are most affected things to BTC. This was and will continue until bitcoin will become regulated and will have a huge capitalization. now you just need to watch the news to understand the direction of price movement

News is basement of fundamental analysis but I doubt the BTC market traders will care about the fundamental or technical analysis. The sentimental analysis method is currently a widely used method to stop out the big boy's orders, so it is not good idea to rely on both previously mentioned analyses. The order book worth a thousand words and pro trader know how to read the order books and find the liquidity for next big market movement points.

Metall303

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Quote from: lillobo on June 10, 2020, 01:49:42 PM

Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies. Bitcoin is almost three times more expensive but also the most well-known cryptocurrency in the world.

Now the news and the behavior of the global economy are most affected things to BTC. This was and will continue until bitcoin will become regulated and will have a huge capitalization. now you just need to watch the news to understand the direction of price movement

lillobo

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Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies. Bitcoin is almost three times more expensive but also the most well-known cryptocurrency in the world.

Alohadanc3

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Martian Swap - Anti Whale Measures New Yield Farmi

Market looks really good at this moment. Bitcoin is kind of stable in 9-10k range. And every other altcoin shows good growth. Most of them which listed on good exchange gives 50-60% profit. Many of them even 2-3x from its base process. So overall the market at this moment is very profitable. But careful before investment in these coins. Of you don't know when or where to invest it's better to do some research first.

lienfaye

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Quote from: ?? on ??

I think nobody could predict exactly of what could be the future market situation. But i think this pandemic was a turning point from low lame market into a rising high percentage market in the next few months. Because some of altcoins and even bitcoin started to increase into a good value now in the market.

The market is really unpredicted. Bitcoin already reach $10k and now return back to over $9k again. We cant certainly predict the next movement of the market because its like a roller coaster ride. So be wise and take advantage whatever the status of the market is, because there's always opportunity to buy or take profit.

TheClownSong

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

Aside from the corona pandemic, America is currently experiencing a political crisis and I think this is what made the price of Bitcoin penetrate $ 10k. CoronaVirus might affect the price but the effect for Bitcoin does not seem to be too deep so the price of some altcoin to the dollar still persists even starts to rise after the price of Bitcoin goes up

memed97

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Quote from: ?? on ??

I think nobody could predict exactly of what could be the future market situation. But i think this pandemic was a turning point from low lame market into a rising high percentage market in the next few months. Because some of altcoins and even bitcoin started to increase into a good value now in the market.

Yes, no one can make accurate predictions for the market in the future, except God, but if you say this pandemic is a turning point from a crippled market to a high percentage market increase in the next few months, it appears that you have started to knowingly in make a prediction, because the rise in the price of Bitcoin and some Altcoins is because the demand has started to rise, not because of a virus pandemic problem.

Alohadanc3

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Martian Swap - Anti Whale Measures New Yield Farmi

Market is going great at this moment. BTC is kind of stable. Showing small pump or dump. But most of the good alts are giving profit. Some of them are even have 2-3x profit. BTC is facing some resistance in 9k level if it break the resistance then maybe we will see BTC in 10k room. Hope big market value coins show some good move now. Let's hope for the best.

kakamrul

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BTC facing resistance at $10k and Whales dumping at this levels, if it breaks and close above 10k we might see it to $11700 within this month. Immediate support at $9500 and 8800.

Alohadanc3

member

Activity: 1050

Merit: 10

Martian Swap - Anti Whale Measures New Yield Farmi

Market looks good at this moment. Bitcoin already pumped a bit. And now it's stay at 9k+ level. So bitcoin is a bit stable not much that's why others coins are pumping good. Halving is already over. And bitcoin pumped but not much. So I expect that in few months bitcoin will pump more and not only the bitcoin the whole market will grow. But till that time we se some up and downs.

Mealea

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As of today now the market is falling. Halving is closer than ever now. It is very difficult to predict what will happen in the next two days but we all expect some positive movement after the halving. Let's wait and see.

BlackboardTrade524

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To be honest there are no direct correlation between this pandemic and the price movements in crypto marketspace . Human being are strong enough to survive this pandemic sooner / later . Just pay attention to the market a month or two ago , i saw the movement closely Coronavirus won't have large effect on prices of crypto coin . I think the current situation won't remain to much longer ,lots of country losesn up their lock-down for their country economi to overcome the pandemic cases. We do hope for the best situation over the world .

LogitechMouse

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

It affected when we saw the price of Bitcoin went down by around 50% last month but right now, the virus doesn't affect the price of cryptocurrency anymore.

We saw already that after the huge price drop of Bitcoin last month, it managed to went up and it is near the $10k already. Yes I agree that people will need money to buy crypto but there are still some people who have spare cash that can be used to buy Bitcoin. If the price will fall after the halving, it will be the "Sell the news" quote and not the virus. The virus and the crypto market doesn't have any connection but it can be a catalyst for the price of Bitcoin to drop again.

Ifemini

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There are consequences for every action

Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

The reality about trading is that you cannot know the next movement in the trade market.
You can only predict the most likely outcome using TA / FA analaysis or other strategy that you employ.

Remember that anything can happen in the crypto currency front; and this is one paramount reason why you must always do your own research, all the time.

Iyanu14

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

Though the corona virus pandemic is not over yet, but I think the issue of it affecting the market or whatever is not really in place now as we see market moving up/improving even in the face of this virus. The next move in the market could be that, with halving almost here, there could probably be increase in the price of Cryptos, especially BTC and after the halving it is mostly expected that the price will drop, another deep looming.

Lexurdania

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Quote from: jacafbiz on May 08, 2020, 01:13:44 AM

I do agree with your assessment, the market is not prime for the bull run yet, what is driving the recent push is the Bitcoin halving, it is after this that we would know the direction of the market, another thing to observe is that volume is lower than the February pump which is not normal.

Altcoin prices are still depressed with the strengthening of Bitcoin and I think this will continue until the moment Bitcoin Halving occurs. After the Bitcoin Halving moment, the opportunity for altcoin to rise in price will occur and I think the most important thing is to wait patiently for that moment

jacafbiz

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I do agree with your assessment, the market is not prime for the bull run yet, what is driving the recent push is the Bitcoin halving, it is after this that we would know the direction of the market, another thing to observe is that volume is lower than the February pump which is not normal.

meldrio1

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I also thought that but seems the market is not affected, as you can see bitcoin is almost reaching $10,000 price, I'm so surprised I guess this is because of halving.

Latines

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If someone knew where the price would go, he would go to the exchange, buy coins and wait. But I think there is hardly a top trader among us. Who can be trusted.

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