Topic: What's next? (Read 640 times)
Actually we are facing some real kind of dump which was never expected by majority of investors, that's exactly the strategy of whales move the market at the unexpected time price break $7K level in the last 48 hours which made altcoins to be in bleed as well.So what's next, there won't be any real quick bump it may take for a while to price recover.
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
Back in the days,whales played on the naivety of crypto noobs to manipulate the market but currently we have several crypto blog outlets that get people informed with the latest information in the crypto industry. Right now, almost everybody is aware that bitcoin halving is likely to be followed by strong bulls hence nobody want to sell cheap and miss out on this rise of bitcoin when it sets in. I have planned to save half a thousand dollars in BTC waiting just this halving.
Next next is the challenge to 50 day average now we are underside to it, the usual modus operandi would be to confirm any move through notable measures or trends. So weekend prices can differ slightly from week day prices. I think we must look to 50 day average and though its really an indicator, I want to see if it stays below this or we see some strength.
Very short term is the 2 day average which I show here:
We break above the blue line and yellow line is the weekly average roughly, so thats the target next along with 50DMA as said.
Very short term is the 2 day average which I show here:
We break above the blue line and yellow line is the weekly average roughly, so thats the target next along with 50DMA as said.
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
Back in the days,whales played on the naivety of crypto noobs to manipulate the market but currently we have several crypto blog outlets that get people informed with the latest information in the crypto industry. Right now, almost everybody is aware that bitcoin halving is likely to be followed by strong bulls hence nobody want to sell cheap and miss out on this rise of bitcoin when it sets in. I have planned to save half a thousand dollars in BTC waiting just this halving.
There is so much risk for whales these days since people are already expecting its bullrun due to halving. If that is the case then they are set to disappoint those who are buying because the whales are always going top prefer to buy cheap BTC than how it had last 2017. Prices I guess are going to be dragged to the bottom for more people to come into crypto space.
There is so much risk for whales these days since people are already expecting its bullrun due to halving. If that is the case then they are set to disappoint those who are buying because the whales are always going top prefer to buy cheap BTC than how it had last 2017. Prices I guess are going to be dragged to the bottom for more people to come into crypto space.
I remember when 2017 the price of bitcoin was in the range of $7300 then dropped to $5900 before finally going to $15,000.
That's not much of a crash at all, more like a a mild correction. What can be considered a crash was how we in 2017 fell from $5k to $3k, which made people worried and speculate about going back to $1k again.but if that happens I think it's good to buy as much as possible, because I'm sure the correction next year won't be deep enough.
It's impossible to say beforehand. It's always in hindsight that dips either turn out to be great entry points or horrible entry points. The risk is for you to take and accept. I rather just dollar cost average and buy the market down if needed.If you buy a lot at once you'll feel horrible when the dip you bought into turns out to be the wrong one, especially during a multi year bear market where we can have multiple dips.
As long as there is no FUD or other bad news ... the price will be stable I guess. but it is undeniable that there must be corrections given that not all traders buy at the low price. And many of them sold Bitcoin as well and may want to buy back while waiting for the right moment when correction. but the Halving news is quite strong to make good volume till now.
Even if theres no FUD or bad news price would always have that tendency to dump without even expecting it.It happens for how many times where price do suddenly plummets which would leave out some questions in mind on how the heck is happening on here.Theres no news or whatsoever but the
price is either pumping or dumping in sharp percentage and this is one of the characteristics of this very volatile world of crypto.
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
People should not expect a dump, if they keep on expecting and it did not come, then you lose a chance to buy at the price that he want or worth buying, at this point time, people should buy when they have the opportunity, when they have funds that they can invest, we never know if there is dump or no dump that is going to happen.
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
I don't think there will be another large dump in the near future. Because halving is just a few more months. Bitcoin won't go to $ 7,000. Even if he gets there, surely the price will rise again very quickly. It is likely that the price will last at $ 7,500 - $ 8,000. This is the lowest price that I can reach in the event of a decline
When there is a dump that's the right moment to buy, so it's only natural that there are some people who expect prices in a dump.
But to be honest the bitcoin market is very difficult to identify where the next price will go, because sometimes the news also influences sometimes it doesn't.
We can only wait until the halving time comes, because usually the price will really show where it goes afterwards.
But to be honest the bitcoin market is very difficult to identify where the next price will go, because sometimes the news also influences sometimes it doesn't.
We can only wait until the halving time comes, because usually the price will really show where it goes afterwards.
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
People should not expect a dump, if they keep on expecting and it did not come, then you lose a chance to buy at the price that he want or worth buying, at this point time, people should buy when they have the opportunity, when they have funds that they can invest, we never know if there is dump or no dump that is going to happen.
As long as there is no FUD or other bad news ... the price will be stable I guess. but it is undeniable that there must be corrections given that not all traders buy at the low price. And many of them sold Bitcoin as well and may want to buy back while waiting for the right moment when correction. but the Halving news is quite strong to make good volume till now.
I feel there will not be any dump before halving but what's your opinion.?
I hope there no dump but we really can't tell.
However, I would be okay even if there is a dump as long as the price will bounce back, this is actually good for the market as it only makes the market stronger. The dump and pump has been normal since manipulation happens and we should not be surprise on that.
people are speculating and expecting no dump will happen going to the halving, but we know how the whales work, they usually work opposite on our expectation then pump the market when we started to loss hope.
I feel there will not be any dump before halving but what's your opinion.?
I hope there no dump but we really can't tell.
However, I would be okay even if there is a dump as long as the price will bounce back, this is actually good for the market as it only makes the market stronger. The dump and pump has been normal since manipulation happens and we should not be surprise on that.
people are speculating and expecting no dump will happen going to the halving, but we know how the whales work, they usually work opposite on our expectation then pump the market when we started to loss hope.
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
well, i have little speculation , the dump is not coming yet.
i am sure 100% the dump will happened on beginning on february, btc go to deep , make some fear sentiment to who want buy it before halving, but well , its just my own speculation , and in this cases, we ignore (we assume nothing at all) any sentiment from real life, such as signal from some country who supported and blockchain project(like china recently) .
about this year, probably by end of this month we got a little dump , i guess its seems correction .
as i told before , its just my own speculation ,
"based from what ?" , of course based of none of your businness
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
yes i also hope there won't be a dump. because if it happens will make the whale buy a lot and will make the whale even stronger in manipulating the bitcoin market.
cryptocurrency free moves decentralized no one controls. so it is natural that eventually the crypto market can be manipulated by large traders. and maybe the price of bitcoin pumping at the end of October yesterday was also done by the popes.
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
Every cryptos enthusiasts are very hopeful for the dump to materialize at least provide another opportunity to buy and hodl and wait for the much anticipated halving of bitcoin next year however as it is now the price is not showing any sign of bearish sentiment rather a bullish one even the last dump couldn't go beyond the support at $8800 a clear indication that price would continue its northward movement except if there is a sort of manipulation by the whales.As time passed by each users here are eager to the value of bitcoin, hoping that will dump and time to buy again in which most of us here are affected to the bearish market. We can't blame those big whales afraid to take a risk since most of them have a huge losses to the point of market getting dump tremendously.
I made a similar post last week shoeing concern about one more dump before the halving but after few expert's advise and review from tenured users I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs. I feel there will not be any dump before halving but what's your opinion.?
Crypto traders often confuse the word price correction to price dump. The price of btc can still be slightly corrected before the halving in may 2020, the whales are on the buy signal after the chinese blockchain news, they will not risk to play the game of price manipulations because the chinese investors might accumulate more btc, drive the price higher and make it to be scarce.
I think the market will not go as predicted and we might not see any dump before halving as the whales cannot risk applying same pattern when the market is already aware of the forecast and might react differently if dump occurs.
I can't help but to agree with you and looking at the price movement of Bitcoin for couple of days, it seems that we have reached $8,700 resistance which I think is because of the buyers who are waiting for this moment to buy Bitcoin below $9,000 before the up-coming halving since the price is might skyrocket next year and I do not think that Bitcoin will go below $8,000.
According to the Bitcoin weekly chart, Bitcoin has had it's big ramp. There is confirmed divergence between RSI and price action, with confirmed bearish structure in place on the weekly RSI. Bitcoin has had a momentus run up. an increase of around 400% overall. If you have caught all that, time to take some profits. Bitcoin has a potential hardfork event coming up and looking around other cryptos, those always mean instant losses.
Gold on the otherhand is on the verge of breaking out of a 6 year bear market, having spent the last 2 years scraping along the floor. With the way geo-political events seem to be lining up, this chart seems to make sense. The Chinese and Russian central banks aren't stockpiling Bitcoin, they are stockpiling gold. The Chinese and Russian governments haven't just implemented Bitcoin as a means of settling international trade. They have just implemented gold as a means of doing this job.
Take some of that Bitcoin, and buy some gold and hold onto it. Those gold coins will still be highly valued long after Bitcoin has went down in the history books as the very first failed crypto-currency attempt.
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