Topic: What's next (short term) ? (Read 4128 times)
As most users mentioned the upcoming short term expectation and the reality is the crossing of $2500. Same as that happened in the past time of reaching close to $2800. Once it reaches the price will be moving faster than what people think, so it's good for users who expect making an profit in short time its good to buy and hold.
I however can't rule out another sub $2000 dip as the overall buy support seems to be on the weaker side from my point of view. If you look at the fluctuations, it's clear that the market is searching for a direction, but at the same time also remains alert, as traders may be ready to trigger another sell off if the price breaks through the crucial support levels.
Yep, that's also what I observed. There is a stalemate between bulls and bears now, probably looking for positive or negative news about Segwit.
2456$ (Bitstamp USD price) seems for now to hold as a resistance to the upside. If the price does not break this level in the next 2-3 days, I expect the next short-term "leg" to be bearish and leave us at least in the $2000 area, if not further down. Not much lower than 1580-1600 though, that level should hold - but then if ETH is not falling, too , we will have for the first time an equality between both market caps.
Maybe we are in a classical "Sell in May" scenario and the bull run will be resumed in autumn, when hopefully a scaling solution is achieved.
Another triangle about to break.
i see declining volume and a bearish divergence.
i see declining volume and a bearish divergence.
A small "dip" and we're now back on track for a bull run.
Until now, today and yesterday the price broke out of all triangles to the upside.
My short-term target is $2500, then I expect a continuation of the downtrend, or - in the case of bullish fundamental news like a imminent Segwit activation - at least a double top at $2700+. Another leg of the bubble is then possible that possibly will drive us in the $3500-4000 area.
My short-term target is $2500, then I expect a continuation of the downtrend, or - in the case of bullish fundamental news like a imminent Segwit activation - at least a double top at $2700+. Another leg of the bubble is then possible that possibly will drive us in the $3500-4000 area.
I can somewhat agree with your statement. I however can't rule out another sub $2000 dip as the overall buy support seems to be on the weaker side from my point of view. If you look at the fluctuations, it's clear that the market is searching for a direction, but at the same time also remains alert, as traders may be ready to trigger another sell off if the price breaks through the crucial support levels.
Until now, today and yesterday the price broke out of all triangles to the upside.
My short-term target is $2500, then I expect a continuation of the downtrend, or - in the case of bullish fundamental news like a imminent Segwit activation - at least a double top at $2700+. Another leg of the bubble is then possible that possibly will drive us in the $3500-4000 area.
My short-term target is $2500, then I expect a continuation of the downtrend, or - in the case of bullish fundamental news like a imminent Segwit activation - at least a double top at $2700+. Another leg of the bubble is then possible that possibly will drive us in the $3500-4000 area.
Another triangle about to break.
i see declining volume and a bearish divergence.
i see declining volume and a bearish divergence.
Meaning we are going to see a somewhat boring phase now? Its currently holding at $2200, which I think will be the bearish price for sometime now. So I think its much better to hold now than sell and just wait for a few price spike in the future before dumping again.
Another triangle about to break.
i see declining volume and a bearish divergence.
i see declining volume and a bearish divergence.
LOL if you guys hold that bitcoin than talking too much because the price was totally dumped that day better to have an excuse when you already sold out your coins buying and selling for short term it is like your wasting money for the fee's of bitcoins and bitcoin now can't handle the transaction everyday.
Bitcoins protocol fundamentals are still broken. Bitcoin does not scale, offers no privacy and no fungibility.
The community largely still only cares about making profit in fiat, not about establishing and evolving a revolutionary alternative monetary system.
Bitcoin has some problems but the problems can be solved, it is not like there are not solutions being proposed to the miners or the community what it happens is that we are in the middle of a very difficult fight, and no solution is being accepted as of yet. The community largely still only cares about making profit in fiat, not about establishing and evolving a revolutionary alternative monetary system.
My intermediate target for this move up was almost matched at 2220$.
Still going up.
Will it reach its (supposedly) final target in the 2300$ +/- 20$ area ?
Maybe.
taking profit all the way up.
Still going up.
Will it reach its (supposedly) final target in the 2300$ +/- 20$ area ?
Maybe.
taking profit all the way up.
My analysis comes to a similar conclusion than ft73's (secure your profits in the next days), but because of another reason.
The price at Bitstamp is about to break out from the upward channel and changing to a steeper rise. Probably that means that we're in the last stage of the rally/bubble. But I think it can go even higher as $2300, a logical psychological barrier would be $2500. So a possible target is $2450-90.
Still watch out for fundamental news. If there is a Segwit compromise or a supermajority for an UASF, $3000 is pretty a safe bet.
The price at Bitstamp is about to break out from the upward channel and changing to a steeper rise. Probably that means that we're in the last stage of the rally/bubble. But I think it can go even higher as $2300, a logical psychological barrier would be $2500. So a possible target is $2450-90.
Still watch out for fundamental news. If there is a Segwit compromise or a supermajority for an UASF, $3000 is pretty a safe bet.
2310$ was my topmost target for this leg up, i'm not saying it won't move higher later.
Yet i think a correction will happen before going substantially higher.
Already corrected to 2050$ so far, here it gets some support.
however i think a further visit to 2000$ ( or slightly less ) is likely, then we'll see depending on reaction.
Advice: this is a bubble gents, don't get fooled by the fact it acts (relatively) slower than before ( e.g. 2013 ).
if you're willing to ride its last stages use caution or you'll hurt yourself badly.
Use analysis as well as common sense, bubbles are ultimately irrational.
By the end of May we either hit $2500 or go down below $2000, but if we hit $2500 then $2800 is in the next orders. I'd like to know Bitcoin whales with 500K Bitcoins holdings, how many have they sold so far?
This is the beauty of Bitcoin when I buy at $2000 if I never sell lower then eventually a buyer will buy from me for more than $2000 lets say $2050 and then if he doesn't sell at lower price then next person will buy for $2100.
Think about it you noobs, when you are trading just don't panic, I have sold many times many coins in panic because I was shortsighted and couldn't see even a week later.
Don't sell with a loss and support is there and they will buy when they see there is no other better price.
This is the beauty of Bitcoin when I buy at $2000 if I never sell lower then eventually a buyer will buy from me for more than $2000 lets say $2050 and then if he doesn't sell at lower price then next person will buy for $2100.
Think about it you noobs, when you are trading just don't panic, I have sold many times many coins in panic because I was shortsighted and couldn't see even a week later.
Don't sell with a loss and support is there and they will buy when they see there is no other better price.
My analysis comes to a similar conclusion than ft73's (secure your profits in the next days), but because of another reason.
The price at Bitstamp is about to break out from the upward channel and changing to a steeper rise. Probably that means that we're in the last stage of the rally/bubble. But I think it can go even higher as $2300, a logical psychological barrier would be $2500. So a possible target is $2450-90.
Still watch out for fundamental news. If there is a Segwit compromise or a supermajority for an UASF, $3000 is pretty a safe bet.
The price at Bitstamp is about to break out from the upward channel and changing to a steeper rise. Probably that means that we're in the last stage of the rally/bubble. But I think it can go even higher as $2300, a logical psychological barrier would be $2500. So a possible target is $2450-90.
Still watch out for fundamental news. If there is a Segwit compromise or a supermajority for an UASF, $3000 is pretty a safe bet.
Quote from: ft73
I am expecting a correction as well, personally.
Yet i don't want to fool myself, and i'm not willing to see what's not there.
I'm not going to shout hodl nor sell, plenty of people are doing that already.
Chart so far pictures a big triangle about to break. That will brings in volatility soon.
keep an eye on that, look for volume pick-up.
Price may move by about 300 - 600$ from here, not necessarily in one single leg.
Probably 2 - 3 or more (zig-zag).
RSI and volume evaluation so far tell me it's going to break down, but picture may change quickly.
This is a situation where caution wins in my opinion, hence my heads-up.
Traders often underestimate the risk and overestimate their skill.
Worst case i can afford losing some potential profit by buying back after a hypothetic break-up of the triangle.
So far i've liquidated 50% of my BTC assets already and i will adjust my position after triangle breaking.
This way i don't care if it will break up or down, no blind guess needed.
It may work for other people as well.
Yet i don't want to fool myself, and i'm not willing to see what's not there.
I'm not going to shout hodl nor sell, plenty of people are doing that already.
Chart so far pictures a big triangle about to break. That will brings in volatility soon.
keep an eye on that, look for volume pick-up.
Price may move by about 300 - 600$ from here, not necessarily in one single leg.
Probably 2 - 3 or more (zig-zag).
RSI and volume evaluation so far tell me it's going to break down, but picture may change quickly.
This is a situation where caution wins in my opinion, hence my heads-up.
Traders often underestimate the risk and overestimate their skill.
Worst case i can afford losing some potential profit by buying back after a hypothetic break-up of the triangle.
So far i've liquidated 50% of my BTC assets already and i will adjust my position after triangle breaking.
This way i don't care if it will break up or down, no blind guess needed.
It may work for other people as well.
Quick recap: triangle broken to the upside on May 17th, with increased volatility.
Accordingly to described strategy i bought back at 1770$, after break up.
Almost no risk taken.
I forecasted a 300 - 600$ move, we're 350$ up already from there.
Spiking up to 2310$ not excluded, but it's time to start securing profit now.
So what's next?
Bitcoin's price is growing so high that is just unbelievable! On January it was 700$ and now we are 1700$, but it passed only few months. To me the answer is clear - bitcoin is going to fly high and it's necessary to stay on the side at least a part of that bitcoins that I earn.
Good morning gentlemen.
Price at 1662$, lower edge of the triangle being tested now.
Price at 1662$, lower edge of the triangle being tested now.
A new long term negative trend has been initiated, technically that is, but with the chain split upcoming this will probably be a very fast and deep crash from which there will be no recovering.
As quoted a deep crash might happen, but in a short there will be a recovery. If you see the past price variation chart you can see this. The price crashes steeper and in a short it retains the drop and stabilizes around an intermediary value and this price becomes a stable price for a long time with minor fluctuations.
A new long term negative trend has been initiated, technically that is, but with the chain split upcoming this will probably be a very fast and deep crash from which there will be no recovering.
Volatility about to explode within a couple days.
Several hundreds $ sudden price movement ahead.
Can you be more specific,what do you expect the price of bitcoin will be and what kind of explosion are you expecting and are you really expecting a bull or a bear market,i am really expecting for a correction after all these rally and i just want to know what your thoughts are because i am still confused about your analysis .Several hundreds $ sudden price movement ahead.
What i suggested here is caution. It can even shoot up.
I'm not inclined to wild speculation.
However, IF a correction is to come i'd expect a quite sharp one.
That said price needs to actually break triangle down and to retest 1600$, before i feel entitled to speak more about correction.
Volatility about to explode within a couple days.
Several hundreds $ sudden price movement ahead.
Can you be more specific,what do you expect the price of bitcoin will be and what kind of explosion are you expecting and are you really expecting a bull or a bear market,i am really expecting for a correction after all these rally and i just want to know what your thoughts are because i am still confused about your analysis .Several hundreds $ sudden price movement ahead.
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