When $65800, bitcoin did not get to $65000 again - page 2.

jcojci

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What a nice increase Grin

After stay at a low price, this time Bitcoin jump to $66,865. It is a smooth increases. We are not expected to see an increase but it is happen. The next target will be reach so you don't have to worry and enjoy the ride.

But I feels it is strange because Bitcoin price increase but many altcoin is in red and down. I hope it is a wrong feeling and no bad thing happen in the market.

After all, I am enjoy of what happen to Bitcoin now where more than $70k of the price will be reach.

JeffBrad12

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Quote from: Dr.Bitcoin_Strange on September 26, 2024, 03:38:42 PM

If you are investing into Bitcoin for a long term, then you should not worry so much about the price, all you need do is to set a target price which you would sell. You can just be watching the market but always know that your desired price will be reached.

small time frame candle like 1m, 15m and so on is just exist to mislead people Grin

. honestly their primary usage is for the future contracts speculators.
it just gives anxiety nothing more, if anyone are investing in BTC, just look at 1d candle, it's where you want to speculate.

price retracement is completely normal, the only thing that should be our concern is price trajectory towards ATH.

STT

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Still 66k and it looks to be strong action, recent low was the 2 day average and its rising consistently with good momentum. If you want a minimum level to watch that is still very active, I'd call out 4hr bars for a good measure. 6 of them every day, enough to spread across the world and describe the sentiment on multiple continents.

I used to watch 1 minute bars when I was first actively looking at markets every day and unfortunately this will only send you spinning in circles chasing your own tail looking for a conclusion. Its very hard to do, much easier is the higher time frames which also have more volume behind them and aren't as easily overwhelmed on every turn.
Only notable negative I can spot for now especially, besides that we remain range bound is the 200 day moving average is in decline though not severe it would lend credence to BTC taking its time to truly turn fully positive and get those higher prices. Also ideally Dollar Index would be below 100 and its rejected trading below that level, thats a longer term deal but also Im not fully confident till everything aligns never a singular perspective.

LUCKMCFLY

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There is wait, it is noticeable that it is going with a lot of desire, As I see that the volume is very good, this volume according to Binance, looking at it from every point of view, has all the pitna to continue falling and the whales that are making it go up are waiting to see how it reacts at this value, the supply is there, and the demand almost at the same level but it has not dropped suddenly, it means that they can give another push at least so that they can reach about $65k and go through there to see how it is shared at that limit, also many analyzes say that it can reach $80k, it is time to wait, but it is going on a very good path.

Zigabel

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It's just a correct after a stretch, Bitcoin is going to get bas the $64k mark soonest just keep your eyes on the chart and don't be Hasty about decisions or conclusions as to what you think is the direction of the chart or the market a sit may change due to the preceding factors that I think you have not really considered enough.

Nrcewker

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Quote from: philipma1957 on September 27, 2024, 10:31:22 AM

we passed 66 k so op should close 🧵

I think the price will go till 70k USD this time. Then, after hitting the 70k USD mark, we might see a major correction in the price. So for the short-term gain, yes, we can make some good profits through future trading with the Bitcoin USDT pair. I don’t trade, hence I will follow the OG way of DCAing. I am continuously buying small amounts of Bitcoins regularly but will buy a large amount once Bitcoins fall to the 52k USD range. Next year it might get big, hence we need to stack as many Bitcoins as we can.

philipma1957

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we passed 66 k so op should close 🧵

ajiz138

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Not showing strong selling, but strong buying as the price of bitcoin continues to crawl now, it is not impossible at the end of the month to $70K? That could be for sure after a lot of positive sentiment towards the market.

Actually I don't know what the OP meant. When the price has passed $66K will it not break again then what to expect? How did you go about buying or seeing the market reaction so quickly recovering?

Make sure you keep buying.

justdimin

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Quote from: BABY SHOES on September 25, 2024, 09:24:06 AM

From the price you mentioned to the other price it is very close, so what is your conclusion whether bitcoin will go down? This in the 15-minute chart is too close right?

Yeah, today bitcoin tested up to $65997 in kucoin exchange (right now trading around $65600 levels) and as per OP that we should not get back to $65k levels from here (because we reached $65800 and beyond) but there could be a validity time frame for OP's speculation and they might have missed that as well, lol Grin

. I mean all the predictions of active traders are always come with a disclaimer and we need to get used them by moving on as these are all short term things but like most people here, I prefer only long term speculations.

Quote from: Btcalysis on September 25, 2024, 10:51:41 AM

We need bitcoin to get go above $68500 so that we can expect $70000 and higher price. The resistance is around the price.

Your target seems reasonable but why you are claiming a stoploss as well? I mean how accurate the prediction would be like we may not see $65000 levels again after the $65800 level. Considering the volatility of bitcoin, for testing $66k levels, we might need tracing back to $65k levels twice or more. Let's wait and watch what surprises market got for us before October...

JeffBrad12

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Quote from: Baofeng on September 26, 2024, 06:04:13 AM

Right, it's just the resistance for now and not the support. But later on, if we get over that price it will be the support line already. But the thing is that we don't know when the price will go over that resistance level.

Good thing is that October remains to be very positive still, even if we are not yet on that month, many investors think that the bull run might start on next month and so with that we could be hitting $73k in the middle of October. Remember that there is a incoming election in November, for me this could still be another factor that the last month of the year will be very bullish for us.

October will be great, there will be huge price movement in october even more than in this current month, so many things may influence BTC price and as a trader myself I can't wait to see how the market will move in that month.
speaking of past occurence, October has always been a good month for bitcoin, the current month of september where people are negative about turns out to be a good month where it gets bitcoin to recover at the $60k level even right now current price of $65k is quite strong.

if this continue we can easily see $70k level again

rachael9385

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Quote from: Peanutswar on September 25, 2024, 07:49:03 AM

It seems you are really active in the market, you don't need to watch the market every day not unless you trade and share here,

Well the OP is probably a trader, that is why he might be putting his eyes on the market so that he could know when to buy and when to sell.

Quote from: Dr.Bitcoin_Strange on September 26, 2024, 03:38:42 PM

If you are investing into Bitcoin for a long term, then you should not worry so much about the price, all you need do is to set a target price which you would sell. You can just be watching the market but always know that your desired price will be reached.

However, if it has to do with investment, the OP don't need to monitor the market. And if he's planning to invest on Bitcoin, DCA method is the best method for him/her to use because DCA method helps an investor to buy even when BTC is depreciating, and he don't need to buy a whole Bitcoin because with DCA method someone can continue to buy gradually until he acquire a lot of BTC. Lastly, for someone to get a good profits from Bitcoin investment, the person need to invest for long term.

Dr.Bitcoin_Strange

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If you are investing into Bitcoin for a long term, then you should not worry so much about the price, all you need do is to set a target price which you would sell. You can just be watching the market but always know that your desired price will be reached.

Woodie

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This is just too close to archive which can happen any time, one or two candles from where we are we shall see price cross over the price of 65,800 and I think it will take the USA presidential influence to make it happen as it's currently the hot topic influencing the crypto markets. But at the moment price seems to be ranging around 63,000 - 64500, if we can break the 64.500 psychological barrier then we shall get back to being bullish.

el kaka22

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I feel like we are going to see the price reaching higher again, it is trying and the market is ready to get even higher, I understand that it is not there yet, but it is getting ready and attempt to go there and it will be doing so much better if we just give it some time. I know that it is going to get to a point where it is going to be a much harder situation in the end and I know that we are going to see this growing to be something that is taking a bit of time, but as long as we have what it takes, it shouldn't really be a big deal at all.

I understand that we are going to see this growing to be something that is taking a while, and I know that it is going to be much better situation without a doubt as well. Just make it make sense and keep it going and hold it. It will eventually go up.

Text

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A few hundred dollars difference on a 15-minute chart isn't a huge swing. It's worth zooming out to see the bigger picture. Look at a higher timeframe chart like daily or weekly to see the overall trend. This will give you a better idea of where Bitcoin might be headed in the long run. Consider technical indicators alongside price action that can help identify potential support and resistance levels, as well as buying and selling signals but remember, these aren't guarantees.

Baofeng

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Quote from: JeffBrad12 on September 26, 2024, 01:28:29 AM

Quote from: Btcalysis on September 25, 2024, 02:44:52 AM

It got to $64800 and started falling again. But this is 15 minutes sticks which does not yet represent a strong sell

You know from the chart you represented that the resistance is strong at $64800, bitcoin has always been doing sideway around this price range and the breakthrough is nowhere to be seen.
what BTC has been doing lately is just touching supply zone and demand zone over and over again, kinda boring market but good for trading around the swing.

so unless there's actually something big or large open interest in the market is happening, I don't expect the price to breakthrough $65k-$66k.

moreover it seems like BTC is dumping whilte still retaining good market price, feels like altcoin time for rally here.

Right, it's just the resistance for now and not the support. But later on, if we get over that price it will be the support line already. But the thing is that we don't know when the price will go over that resistance level.

Good thing is that October remains to be very positive still, even if we are not yet on that month, many investors think that the bull run might start on next month and so with that we could be hitting $73k in the middle of October. Remember that there is a incoming election in November, for me this could still be another factor that the last month of the year will be very bullish for us.

BABY SHOES

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Quote from: Btcalysis on September 25, 2024, 10:51:41 AM

Quote from: BABY SHOES on September 25, 2024, 09:24:06 AM

From the price you mentioned to the other price it is very close, so what is your conclusion whether bitcoin will go down? This in the 15-minute chart is too close right?

We need bitcoin to get go above $68500 so that we can expect $70000 and higher price. The resistance is around the price.

Wait for October, bitcoin will definitely go there and break its resistance.

Ah actually I don't care about the price of $70K or so as long as it is still below $100K will remain in HODL so will not pay much attention to the price in the short term... our target is still far away and I think it will happen next year to see bitcoin rally again.

JeffBrad12

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Quote from: Btcalysis on September 25, 2024, 02:44:52 AM

It got to $64800 and started falling again. But this is 15 minutes sticks which does not yet represent a strong sell

You know from the chart you represented that the resistance is strong at $64800, bitcoin has always been doing sideway around this price range and the breakthrough is nowhere to be seen.
what BTC has been doing lately is just touching supply zone and demand zone over and over again, kinda boring market but good for trading around the swing.

so unless there's actually something big or large open interest in the market is happening, I don't expect the price to breakthrough $65k-$66k.

moreover it seems like BTC is dumping whilte still retaining good market price, feels like altcoin time for rally here.

Popkon6

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Holding or trading in Bitcoin requires an ability to accept risk, as times may change and the Bitcoin market is volatile. You will notice that currently last week Bitcoin was around $60k, and from there the Bitcoin market has turned upside down and it has touched $64,3k. So if you can start trading from here, you can still profit from here, and even if you start holding, it is possible to make profit. So just have the ability to accept risk and be patient from here on out yet profitable as the Bitcoin bull run of 2025 is waiting to begin.

And if you prefer to hold then of course you can do holding using DCA method strategy. And with this DCA holding strategy is able to hold Bitcoin for a long time. Because if you invest little by little repeatedly you can keep your investment for a long time and you can accumulate your money through Bitcoin.

Kemarit

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Quote from: Btcalysis on September 25, 2024, 02:44:52 AM

It got to $64800 and started falling again. But this is 15 minutes sticks which does not yet represent a strong sell

It just shows that $65,000 is a big psychological barrier for now, which means we will have to attempt and try to break it 2-3x times before we can finally go over that price. So this could be our first attempt and so obviously we are not that successful.

And if that happens, then we will see a minor set back, as it will retrace to $63,000 and that's where we at right now. And it might take another time to try to break it again. Although we need another positive news that will push the investor again to put their money in the market to at make a decent attempt. So far we have not any good news so all we can do for now is wait.

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