On that big chart above the lower purple line was the bottom price for that month and the next we hit over 10k so was a nice trade if anyone found enough reason to risk long with that line as the stoploss. It hit twice and rose, would be nice to have that happen now and be able to spot it as support and a viable trade.
We just dont have anything that notable and defined at present, its slithering along and not hitting a lower level and catching some speed upwards. If I was to guess a similar level now I'd be looking for 9000 on the near term. I've said previously my fallback would be to note longer term time frames, thats a tougher trade as a daily or weekly bar has to close to be valid.
At present maybe not watch the lows so much but it has to break past prior highs with some conviction, its opened this week with a tiny move upwards. It failed to break past weekly average price or monthly, 50 day is above and 200 day below where as the FEB chart we had the 200 above and somehow we acted stronger for it then now where we do little.
Topic: What's going on? (Read 1507 times)
usually Big traders sell and buy Bitcoin. Because this business is fluctuating through both big and small, I think it means that there is price movement and it is completely under control. We have to be more careful because if we get stuck, our funds will be lost, It's work carefully.
To be honest, I can't understand what you are saying here. If you are talking about business talking bitcoin as payment, then obviously they have to look at how it moves or fluctuates and that is the big risk they have to take specially if the price goes down because it means they have loss their capital from that sell.
For the current situation, others says it's boring because the market is moving sideways. But this could be a buy signal and we may see another break out run starting next month. The market will not stay stagnant for this long, it has to move at some point.
or the support one.
No one really knows on what would happen ahead yet market movement can be always driven out by those people who do deal with it not only exclusively with the whales but also on the entire community.
As a trader or investor then you should know on how to make steps on specific time that we do might able to encounter ahead.
I thought it's done by whales but I don't think they will do it so often. Who is creating these fluctuations and where will this lead us? Bull run or bear market?
Probably whales and institutional fund managers trigger the trend and then individual traders and group of traders are following that until next resistance levels and then a pull back do happen then whales will again trigger either continuation of trend or reversal of trend. This is how market fluctuations are being created by whales and institutional fund managers. There are times where small traders to trigger as per technical analysis as they are big enough to create an impact markets but we cannot identify who are responsible for such actions. It will look like usual market oscillations.
others says it's boring because the market is moving sideways. But this could be a buy signal and we may see another break out run starting next month. The market will not stay stagnant for this long, it has to move at some point.
Agree. Usually market will break at upper side after a long sideways movements. Experts do mark sideways markets as "power gaining" phase to break resistance levels. Hopefully we are the beginning of upcoming stronger bullish market. It is time to get ready to embrace it. usually Big traders sell and buy Bitcoin. Because this business is fluctuating through both big and small, I think it means that there is price movement and it is completely under control. We have to be more careful because if we get stuck, our funds will be lost, It's work carefully.
To be honest, I can't understand what you are saying here. If you are talking about business talking bitcoin as payment, then obviously they have to look at how it moves or fluctuates and that is the big risk they have to take specially if the price goes down because it means they have loss their capital from that sell.
For the current situation, others says it's boring because the market is moving sideways. But this could be a buy signal and we may see another break out run starting next month. The market will not stay stagnant for this long, it has to move at some point.
usually Big traders sell and buy Bitcoin. Because this business is fluctuating through both big and small, I think it means that there is price movement and it is completely under control. We have to be more careful because if we get stuck, our funds will be lost, It's work carefully.
We're standing still in the middle of a set of hurdles is how I see the current situation. There some bias towards positive movement from here but aspirations are capped by the nearby 200 day which is widely watched well understood and becomes if not a wall or proper resistance; its a speed bump of some altitude 
8500 is a good area for the last rise to meet and sell off from. I'm not yet sure if selling just as quickly as we rose means we should revisit 8000 but I guess that happens next week not on this weekend. OBV indicator says we are bullish from the last few days but only upto meeting 8500 to 8700 area for a reattempt at any recurring sell orders there. Back above 8600 I think we can take a more positive action as probable.
8500 is a good area for the last rise to meet and sell off from. I'm not yet sure if selling just as quickly as we rose means we should revisit 8000 but I guess that happens next week not on this weekend. OBV indicator says we are bullish from the last few days but only upto meeting 8500 to 8700 area for a reattempt at any recurring sell orders there. Back above 8600 I think we can take a more positive action as probable.
People probably noticed that bitcoin is hard to move, as well as xrp and eth, all coins in the top 50 are probably very difficult to move because they all have high volumes. Nonetheless, they realised they could make some money if they get together and make moves on the small ones like the pump and dump scheme, they don't care about the coin itself, they don't care what happens to the families they leave behind, all they care about is their money.
The volumes that you see in most exchanges are not real, there have been several instances in which exchanges have been found exaggerating their volumes to try to attract more clients as that makes their exchange to seem more attractive over the competition and there are also many coins in the top 10 that despite their size can be easily manipulated and some easy examples are the bitcoin forks which are controlled by a minority of people that can move the price a they wish.People probably noticed that bitcoin is hard to move, as well as xrp and eth, all coins in the top 50 are probably very difficult to move because they all have high volumes. Nonetheless, they realised they could make some money if they get together and make moves on the small ones like the pump and dump scheme, they don't care about the coin itself, they don't care what happens to the families they leave behind, all they care about is their money.
The volumes that you see in most exchanges are not real, there have been several instances in which exchanges have been found exaggerating their volumes to try to attract more clients as that makes their exchange to seem more attractive over the competition and there are also many coins in the top 10 that despite their size can be easily manipulated and some easy examples are the bitcoin forks which are controlled by a minority of people that can move the price a they wish.
People probably noticed that bitcoin is hard to move, as well as xrp and eth, all coins in the top 50 are probably very difficult to move because they all have high volumes. Nonetheless, they realised they could make some money if they get together and make moves on the small ones like the pump and dump scheme, they don't care about the coin itself, they don't care what happens to the families they leave behind, all they care about is their money.
Bitcoin and other cryptocurrencies have been very volatile since the beginning and the movement of coin values is always driven by demand and supply. So FUD so whale exploitation will affect this demand and supply. In fact, I think the current dump was orchestrated by the pope and also by some coin holders who panicked because they saw the crypto market continuing in red. So I think the pope's manipulating the market to be able to buy Bitcoin cheaply before Bitcoin's halving in 2020.
yes i agree with you op the price of bitcoin is now very volatile because there is manipulation by big traders. Large traders sell or buy bitcoin in large quantities and this will affect demand and supply. and sometimes small traders are also influenced to buy or sell, so this trade makes the bitcoin market very volatile. and also news about the banning of crypto at local exchanges in China later also affected yesterday's bitcoin dump.
Without a doubt large traders are using their size to their advantage, and even if many do not believe that they can manipulate the price of bitcoin they can, it is just that their influence is not as big in bitcoin as it is in other markets but their influence exist, personally I think that what we are seeing right now is one of their manipulations because for what I can see right now the big players are selling their coins meaning that sooner or later there is not going to be enough people buying bitcoin and that will make the price to go down. yes i agree with you op the price of bitcoin is now very volatile because there is manipulation by big traders. Large traders sell or buy bitcoin in large quantities and this will affect demand and supply. and sometimes small traders are also influenced to buy or sell, so this trade makes the bitcoin market very volatile. and also news about the banning of crypto at local exchanges in China later also affected yesterday's bitcoin dump.
I think it is still on normal scale about this recent pump and dump. Because it is not that extreme maybe like dumped $1000-$2000 and i think it is good. Some traders need volatile of bitcoin to make profit and pumped or dumped coin will really help them to gain it, no matter manipulation or not.People probably noticed that bitcoin is hard to move, as well as xrp and eth, all coins in the top 50 are probably very difficult to move because they all have high volumes. Nonetheless, they realised they could make some money if they get together and make moves on the small ones like the pump and dump scheme, they don't care about the coin itself, they don't care what happens to the families they leave behind, all they care about is their money.
While those that organized those groups do not really care one thing that you need to consider is that those groups are probably illegal, what they are doing is really nothing new, this has happened in many other markets in the past, governments realized this and they passed laws against these kind of practices, so it is better for people to not be participant of those pump and dump groups because even if they win most likely they are committing a crime. 
yes i agree with you op the price of bitcoin is now very volatile because there is manipulation by big traders. Large traders sell or buy bitcoin in large quantities and this will affect demand and supply. and sometimes small traders are also influenced to buy or sell, so this trade makes the bitcoin market very volatile. and also news about the banning of crypto at local exchanges in China later also affected yesterday's bitcoin dump.
I think it is still on normal scale about this recent pump and dump. Because it is not that extreme maybe like dumped $1000-$2000 and i think it is good. Some traders need volatile of bitcoin to make profit and pumped or dumped coin will really help them to gain it, no matter manipulation or not.
yes i agree with you op the price of bitcoin is now very volatile because there is manipulation by big traders. Large traders sell or buy bitcoin in large quantities and this will affect demand and supply. and sometimes small traders are also influenced to buy or sell, so this trade makes the bitcoin market very volatile. and also news about the banning of crypto at local exchanges in China later also affected yesterday's bitcoin dump.
What's going on with the market as everyday you can see a quick pump or dump which was not the case until last one month? I thought it's done by whales but I don't think they will do it so often. Who is creating these fluctuations and where will this lead us? Bull run or bear market?
It's happening day by day in crypto market, nothing is acting strange by now, everyday we will experience losing and profits. everyone is risking their funds and we can't change the fact that we need to experience this all to collect learnings and be wise enough to our next move.
People probably noticed that bitcoin is hard to move, as well as xrp and eth, all coins in the top 50 are probably very difficult to move because they all have high volumes. Nonetheless, they realised they could make some money if they get together and make moves on the small ones like the pump and dump scheme, they don't care about the coin itself, they don't care what happens to the families they leave behind, all they care about is their money.
As the market keeps on going, it shows that bitcoin still the one of the best and much profitable crypto than altcoins since it is rising up than altcoins every year and dominating them.This is the reason on why it is best for longterm investment and even though there is a fluctuation of price still, it goes up much more after the crisis.
Bitcoin and other cryptocurrencies have been very volatile since the beginning and the movement of coin prices is always influenced by demand and supply. And FUD and whale manipulation can influence this demand and supply. In fact, I think the current dump was orchestrated by the pope and also by some coin holders who panicked because they saw the crypto market continuing in a red state. So I think the pope's manipulating the market to be able to buy Bitcoin cheaply before Bitcoin's halving in 2020.
We don't need to wonder why these things are certainly a cause for market volatility. This also signifies that the market has given life by traders, investors and the users as well. Market fluctuations will remain like this until crypto is still alive. Whales and FUDders are also had their own market strategies. Some say the price dump (FUDders) but some also help it to pump( Whales), that is exactly how it plays, a very uncertain thing will always happen all the time.
People probably noticed that bitcoin is hard to move, as well as xrp and eth, all coins in the top 50 are probably very difficult to move because they all have high volumes. Nonetheless, they realised they could make some money if they get together and make moves on the small ones like the pump and dump scheme, they don't care about the coin itself, they don't care what happens to the families they leave behind, all they care about is their money.
As the market keeps on going, it shows that bitcoin still the one of the best and much profitable crypto than altcoins since it is rising up than altcoins every year and dominating them.This is the reason on why it is best for longterm investment and even though there is a fluctuation of price still, it goes up much more after the crisis.
Bitcoin and other cryptocurrencies have been very volatile since the beginning and the movement of coin values is always driven by demand and supply. So FUD so whale exploitation will affect this demand and supply. In fact, I think the current dump was orchestrated by the pope and also by some coin holders who panicked because they saw the crypto market continuing in red. So I think the pope's manipulating the market to be able to buy Bitcoin cheaply before Bitcoin's halving in 2020.
Demand and supply become most important way how to know bitcoin and altcoin price later whit higher or lower, but we need trusted whit internal and external news where can make bitcoin suddenly have been in the top and lower price look like war issues between United State and Iran make bitcoin on the higher, but when Donald Trump make news about bitcoin price have down. Jump to: