Topic: Which way will it go? Which trend will it follow? (Read 716 times)
Slowly but surely the price of Bitcoin will grow. We may see a sudden down trend but it doesn't mean it will continue to go down. Just like what happened last 2018. We are waiting for a bull run all year but it didn't happened. Those who are impatient, sold their coins and left while the others keeps on filling their bags and wait patiently for the right time. and here we are now, from $3,500 USD last February to $12,850 USD yesterday.
2.5 weeks has passed since first posting and what do we now see) BTC costs almost $ 14,000
And one day later the price is below 11k, bitcoin is so volatile at this moment that missing a few hours can be enough to see a completely different price and ruin your strategy if you are a short term trader, anyone that is thinking about doing something now, whether he is thinking about buying or selling, needs to be very careful, the market is moving in even more extreme ways than what we are used to and it will be easy especially for those that are margin trading to lose everything under these circumstances. 
2.5 weeks has passed since first posting and what do we now see) BTC costs almost $ 14,000
Really hard to speculate especially when it comes to crypto. The price movement is so fast that in only a matter of hours, your prediction is already broken. Sometimes, I am wondering what is the reaction of those individuals who predicted bitcoin to go downward accompanied by graphs and analyses, and suddenly the market is showing the reverse position.
2.5 weeks has passed since first posting and what do we now see) BTC costs almost $ 14,000
Really hard to speculate especially when it comes to crypto. The price movement is so fast that in only a matter of hours, your prediction is already broken. Sometimes, I am wondering what is the reaction of those individuals who predicted bitcoin to go downward accompanied by graphs and analyses, and suddenly the market is showing the reverse position.
I got this chart from @nictrades so google if you want a better version but each level seems quite close to the recent price action movements.
13,469 being near the top and 11,513 being the first downside target from there. I think a bearish target would be more on long the lines of 9558 to 7139 but thats only barring the still bullish return to 11513 area and the resumption of an uptrend.
11000 area is the low from yesterday which matches a trend, so look at that price point also imo
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13,469 being near the top and 11,513 being the first downside target from there. I think a bearish target would be more on long the lines of 9558 to 7139 but thats only barring the still bullish return to 11513 area and the resumption of an uptrend.
11000 area is the low from yesterday which matches a trend, so look at that price point also imo
2.5 weeks has passed since first posting and what do we now see) BTC costs almost $ 14,000
I think the best case right now is keep going. Look at the price, from 7800 dollars to 9100 dollars it went up small by small and not all in one move which tells you more than the price. If the price moved from 7800 to 9100 all in one day or at most 2 days that would have mean that there was a pump and you could be scared about another dump that would have made someone rich but most people poorer.
However, right now we are seeing the price go up small by small which means there are people who are still willing to pay these prices for bitcoin whereas not as many people willing to sell to these prices, that is why the price will keep continue to go up until the amount of bitcoin people willing to buy equals to amount of bitcoin people are willing to sell for the same price. That doesn't seem to be happening any time soon.
However, right now we are seeing the price go up small by small which means there are people who are still willing to pay these prices for bitcoin whereas not as many people willing to sell to these prices, that is why the price will keep continue to go up until the amount of bitcoin people willing to buy equals to amount of bitcoin people are willing to sell for the same price. That doesn't seem to be happening any time soon.
News like this had some effect and on some of local exchanges the prices dropped too much than the price in coinmarket cap which clearly showed that people got afraid of the news,the impact is short term but people keep decorating these kind of news to bring down the prices as much as they can.But bitcoin find its own way to shatter all the fund news against it just like how the prices moving in the last 48 hours.
Absolutely, with positive determination we can conclude a confident speculation through the current market has shown. Perhaps, we are witnessing a gradual growth recently and hoping for its bountiful outcome will continue to grow consistently.
I suspect LTC will lead the way once again, and its upcoming halving should flip the market bullish at any moment. We had a rising wedge from which we corrected, and sooner or later this correction will run out of steam and buyers will step in.
I have zero hopes regarding this because LTC was created by copying the source code of bitcoin and marketed as a silver to bitcoin and then the valuation came and the reality is that the creator dumped all his coins when the market touched all time high valuation and he made a ton of money with his fun project and people are still trusting that coin when the creator does not believe in it does not bode well with me.If you are talking about bitcoin and knowing the long term expected price rise i would invest in it even at this valuation.
News like this had some effect and on some of local exchanges the prices dropped too much than the price in coinmarket cap which clearly showed that people got afraid of the news,the impact is short term but people keep decorating these kind of news to bring down the prices as much as they can.But bitcoin find its own way to shatter all the fund news against it just like how the prices moving in the last 48 hours.
News like this had some effect and on some of local exchanges the prices dropped too much than the price in coinmarket cap which clearly showed that people got afraid of the news,the impact is short term but people keep decorating these kind of news to bring down the prices as much as they can.But bitcoin find its own way to shatter all the fund news against it just like how the prices moving in the last 48 hours.
For example there are some news that bitcoin banned in India and people who is having any crypto currencies will be punished with 10 years of jail but it still the draft passed,no official statement from the government.
You can thank news outlets and noobs for participating in this fud circus. The market however didn't seem to care about it, which means that people know it's fud or India has no meaningful impact on the overall crypto market.The price has yet again surprised people with how it looked to be on its way down, but it popped right back up and is heading towards the $9000 mark again. You got to love how this market keeps trolling people.
I legit enjoy seeing how so called experts guess wrong time on time again. I'm sure they don't put their money where their mouth is, which is a good thing for them, else they would be broke "experts" by now.
We broke above the June 2nd "bull trap" high and are now retesting it as support. Any bears still clinging to the invalidated H&S are about to get their clocks cleaned. It's a thing of beauty. Bears are trapping themselves so badly right now:
Maybe neither. It might just mean this is a raging bull market and bad news simply can't stop it.
For example there are some news that bitcoin banned in India and people who is having any crypto currencies will be punished with 10 years of jail but it still the draft passed,no official statement from the government.
You can thank news outlets and noobs for participating in this fud circus. The market however didn't seem to care about it, which means that people know it's fud or India has no meaningful impact on the overall crypto market.Maybe neither. It might just mean this is a raging bull market and bad news simply can't stop it.
Rather than looking at just the charts it should be correlated with big news like the announcement of the bakkt for next month. These are bullish sentiments that will decide which way bitcoin is heading, most likely upwards
For example there are some news that bitcoin banned in India and people who is having any crypto currencies will be punished with 10 years of jail but it still the draft passed,no official statement from the government.
You can thank news outlets and noobs for participating in this fud circus. The market however didn't seem to care about it, which means that people know it's fud or India has no meaningful impact on the overall crypto market.The price has yet again surprised people with how it looked to be on its way down, but it popped right back up and is heading towards the $9000 mark again. You got to love how this market keeps trolling people.
I legit enjoy seeing how so called experts guess wrong time on time again. I'm sure they don't put their money where their mouth is, which is a good thing for them, else they would be broke "experts" by now.
So everyone be prepared and grab more coins to increase your profit margin more.You can't get anything better than the bullish trend on prices.
Apparently, This post was back on June 9 and back then the price had a little downtrend, But now if we would look on the market's movement and price right now the price of Bitcoin is back to $8800 USD again, I guess there is some resistance in this kind of level and it is a little ahead before we can penetrate towards the $9000 USD that we might see it on the Mid of this month, Or there might be another negative news that would break loose and many weak hands on the community that might suffer again with FUD.
So everyone be prepared and grab more coins to increase your profit margin more.You can't get anything better than the bullish trend on prices.
Apparently, This post was back on June 9 and back then the price had a little downtrend, But now if we would look on the market's movement and price right now the price of Bitcoin is back to $8800 USD again, I guess there is some resistance in this kind of level and it is a little ahead before we can penetrate towards the $9000 USD that we might see it on the Mid of this month, Or there might be another negative news that would break loose and many weak hands on the community that might suffer again with FUD.
So everyone be prepared and grab more coins to increase your profit margin more.You can't get anything better than the bullish trend on prices.
i am not really good at TA but this chart seems to be very wrong because it has a bad zoom which ignores the bigger picture of what has been happening in the market.
and that is the fact that price has been rising so if you zoom out your horizontal line gains a bigger slope and then you can see that we are in an opposite triangle which indicates rising instead of what you drew. and the drop was just a correction after that rise.
and that is the fact that price has been rising so if you zoom out your horizontal line gains a bigger slope and then you can see that we are in an opposite triangle which indicates rising instead of what you drew. and the drop was just a correction after that rise.
You didn't design it and in my opinion it is going to follow that way not any other of those which you have already designed.
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