Topic: Where next? Preparing the ground for the big players! - page 7. (Read 1273 times)
rising will definitely occur, but for some time in the future it will experience a temporary decline to as a first step before experiencing an increase. based on last year's chart too
We are approaching an important event, ETF applications will be considered at the end of September.
Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno/
Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/
From the point of view of technical analysis, we begin to shrink in a triangle, the probability of breaking in the direction opposite to the expected is equally equal, despite the positive news.
Chart short positions rolls over and rests at the level of $ 39,000, which at some point can be a trap for bears! - https://www.tradingview.com/x/XSfaUEhc/
I would like to hear the opinion of more experienced traders, what are the possible layouts, what is the probability of breaking the lower boundary of the triangle?
Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno/
Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/
From the point of view of technical analysis, we begin to shrink in a triangle, the probability of breaking in the direction opposite to the expected is equally equal, despite the positive news.
Chart short positions rolls over and rests at the level of $ 39,000, which at some point can be a trap for bears! - https://www.tradingview.com/x/XSfaUEhc/
I would like to hear the opinion of more experienced traders, what are the possible layouts, what is the probability of breaking the lower boundary of the triangle?
With all the positive article you shared, the market is still the same in terms of it's movement. In other words, those positive news does not have any positive feedback as of now but maybe someday it will.
Look at TIX on Bittrex. https://ibb.co/dYWgNK
People sold all tokens. Now bulls can easy push price to the moon. Every 6 BTC give +100% to price. I'm sure TIX will give us a good profit. Just check it
People sold all tokens. Now bulls can easy push price to the moon. Every 6 BTC give +100% to price. I'm sure TIX will give us a good profit. Just check it
We are continuously hitting lower highs and lower lows. We should break 7500$ if expect to break this trend, and if we dont, lets just hope we don't fall under 6k, cos then we go down for sure!
Agreed and i wanna say one thing. Recent days why people are buzzing on other section to create the various topics regarding speculation. There is dedicated section for why not people are not using it.
If you looking to invest om any cryptocurrency don't panic and wait for sometime.
There will be perfect and decent bump for sure in future.
We are continuously hitting lower highs and lower lows. We should break 7500$ if expect to break this trend, and if we dont, lets just hope we don't fall under 6k, cos then we go down for sure!
We are approaching an important event, ETF applications will be considered at the end of September.
And with this event, we will see price increase or price drop, what worries me will be the price drop, if we are in the $6300, we will fall for what price? This is my big concern.
Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno
These analysts lie a lot, so we should not believe them.
Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/
" intends ",
still not something concrete, so we should not take it seriously
Yes, I take that into account, thank you for your attentiveness. But in my opinion, the circumstances are reduced to the fact that both technical and fundamental analysis is reduced to one place, namely the date of consideration of the ETF, and the exit from the formation. And the momentum after such events will be strong.
That is going to be a big guess. The market acts the way it wants to and no one certainly knows where it is headed next. Although we can see the $6k region trying hard to hold on strongly, but where we go now is based on if we get enough volume to break out from the wedge formation or the bears will drive it back down hard over again.
We are approaching an important event, ETF applications will be considered at the end of September.
And with this event, we will see price increase or price drop, what worries me will be the price drop, if we are in the $6300, we will fall for what price? This is my big concern.
Next, we have a more positive news background: Mike Novograts said that the market finally passed the "bottom" - https://forklog.com/izvestnyj-bitkoin-investor-obyavil-chto-dno-projdeno
These analysts lie a lot, so we should not believe them.
Then the American holding Morgan Stanley intends to launch a new tool – bitcoin swaps, and so on! - https://forklog.com/bank-morgan-stanley-gotovit-k-zapusku-bitkoin-svopy/
" intends ",
still not something concrete, so we should not take it seriously
I would like to hear the opinion of more experienced traders, what are the possible layouts, what is the probability of breaking the lower boundary of the triangle?
Im aint an expert trader but first we do talk about on technical aspect which we can see the price been forming two symmetrical Triangle twice on a timeframe but we do see on how the price able to sustain that consilidation period.Therefore, guessing out the next price movement will matter on fundamentals since it do neglects the technical which possibly the next movement will matter into those news.Im not really keen on checking out ETF events but this one can make some affect in fact.
Yes, I have heard many times that bitcoin does not lend itself to technical analysis, and it is necessary to start from the fundamental. But again opinion is divided. The instrument is actually very unpredictable and no trader is ready for that. Except for scalpers, of course!
I would like to hear the opinion of more experienced traders, what are the possible layouts, what is the probability of breaking the lower boundary of the triangle?
Im aint an expert trader but first we do talk about on technical aspect which we can see the price been forming two symmetrical Triangle twice on a timeframe but we do see on how the price able to sustain that consilidation period.Therefore, guessing out the next price movement will matter on fundamentals since it do neglects the technical which possibly the next movement will matter into those news.Im not really keen on checking out ETF events but this one can make some affect in fact.
I don't believe in rising of crypto. Probably courses will staying in the same position.
It wouldn`t be bad at all to stay where we are now, nice bottom, the highest ever, but be sure that we will see higher prices in the future. Entire year bitcoin price is around this price, and I believe as winter is coming that`s how price will start to rise again, we will get closer to 10k dollars before new year and if everything turns alright we will stay there. That isn`t some big rise, big rise I expect after next halving in 2020, we are closer and closer to that point, but until that price will be here or at 10k, we can expect fluctuations in this range. That`s not a bad range at all, it gives a lot of space for us traders to make some profit.
I don't believe in rising of crypto. Probably courses will staying in the same position.
I don't consider Mike Novogratz calling bottom to be something to add value to, especially with how biased he is with significant crypto holdings at risk. Market makers don't care about these entities.
If the price is destined to go down, it simply will, regardless of who is calling bottoms. I'm ready and somewhat do expect another sub $6000 visit either this or next month. Time will tell whether support will yet again hold.
I'm not trying to sound bearish, but being overly optimistic has only resulted in disappointment this year. I'm trying to maintain a healthy/neutral balance to not get bothered if the price goes down again.
Expect the unexpected!
If the price is destined to go down, it simply will, regardless of who is calling bottoms. I'm ready and somewhat do expect another sub $6000 visit either this or next month. Time will tell whether support will yet again hold.
I'm not trying to sound bearish, but being overly optimistic has only resulted in disappointment this year. I'm trying to maintain a healthy/neutral balance to not get bothered if the price goes down again.
Expect the unexpected!
Me. Yes that is me too.
Trying to just stay away with the pricing of all the crypto but when you are in this forum it seems difficult to really get away from it.
Having internet is sometimes a bad thing. You cannot just forget about what is being said here and then try to take a little peek of the current price.
I am just hoping the followers of this Mike Novogratz will not blindly follow it and instead look for another picture of what is really going on.
The market cannot be predicted by one person. Not even Satoshi. Yes, I dont think so.
No one can even start to guess what bitcoin could do.
Sometimes it goes up sometimes it goes down. Regularly we just assume that the price of bitcoin will do whatever it wants and we are just going to follow it. Consider it like this, we are in a car (a bitcoin car lol) and the bitcoin is the driver, we are just passengers in that car.
Bitcoin told us it will take us to somewhere and we hopped into the car and right now we are passengers on that ride waiting for bitcoin to drive us to riches. Whether it will or not, we decide ourselves, we can keep on being in the ride or we can ask for a stop and leave the ride.
Sometimes it goes up sometimes it goes down. Regularly we just assume that the price of bitcoin will do whatever it wants and we are just going to follow it. Consider it like this, we are in a car (a bitcoin car lol) and the bitcoin is the driver, we are just passengers in that car.
Bitcoin told us it will take us to somewhere and we hopped into the car and right now we are passengers on that ride waiting for bitcoin to drive us to riches. Whether it will or not, we decide ourselves, we can keep on being in the ride or we can ask for a stop and leave the ride.
I think it doesnt matter if the ETF conclusions are gonna be positive or not because lets think about the time when there was no thing like ETF which is existed even when the crypto went ATH and without any such support. I guess until the time ETF notices started coming up, the crypto was in good state and if one more time ETF goes off the chart then also crypto may come back even faster because people wont be having any fear of the bitcoin crash or market crash itself and thus it will help people go think about the crypto in positive way one more time and thus they may just invest in it more promptly than the current time.
Is unlikely to come to that portion of the people who invested in the hype and went down very much dissatisfied. But again, the price does not always depend on the arrival of new investors or some important news! Such a liquid instrument as BTC will always have supply and demand,and it will draw us a chart from which it will be clear where the price will go. Big players understand that!
I think it doesnt matter if the ETF conclusions are gonna be positive or not because lets think about the time when there was no thing like ETF which is existed even when the crypto went ATH and without any such support. I guess until the time ETF notices started coming up, the crypto was in good state and if one more time ETF goes off the chart then also crypto may come back even faster because people wont be having any fear of the bitcoin crash or market crash itself and thus it will help people go think about the crypto in positive way one more time and thus they may just invest in it more promptly than the current time.
The prices should move in the upward trend towards the end of the year but now the prices looks stable and we will see the upward or downward trend towards end of Sep after the decision of the ETF approval.
I believe we will be going up. Been bouncing around down here for a while now. If we wanted to tank to 3-4k I think we would have done it by now. Sept 30th is gonna be really interesting though. Whatever happens on that date I think we continue on that path for a while.
Yes, it will be logical to move in a triangle now, and by the end of the month we will mark a new top in the area of 7 000$, we will approach the decision on ETF, again there will be a rollback, and then there will be a breakdown. Now you need to closely monitor these developments, I do not believe that we will get a new high, but 10 000$ I think we will overcome!
I am confused by short positions on Bitfinex. What can we expect from this? A sharp fall or a bear haircut!
https://www.tradingview.com/x/BWuz0TyU/
Now the price of bitcoin is low that means this is not remainig same the long time.Price will be high.If this year price not high then i tell strongly next year price will be high.
I think will up, the market has dropped a lot and will soon have capital poured into the market.
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