Topic: Why Bitcoin is Declining? And What’s Next? - page 4. (Read 883 times)
all these charts looks so complicated
I think this week, bitcoin was down again, but no one will know until how much the price will go down. We cannot predict how long this situation will be, but we can prevent from the down by selling some of bitcoin to buy again at a low price. I think we already make a profit in the last few weeks so we can prepare to buy the next bottom of the price. The trend still on the down and it looks like the trend will be like that for this day unless there is a massive buy from trader so the price can be lifted for a while.
what do you think will be the next move after the uptrend. from my own little observation, it looks like we will continue the uptrend towards 13k price mark before another retrenchment to 10k. i doubt if the price will go below 9k this year again.
i will love to see altcoins move in the same direction as bitcoin please.
Since we had once tested the value of $13800, I am sure that there might be a retest of it very soon if there can be a broken barrier of $12k, bitcoin will still try and target that, maybe even get to $14k before retracing back to $10k, but all still a perfect bet even if bitcoin goes back to $10k now, I have some coins that has been sold already at $12k, I would just have a better chance of buying cheaper then at $10k which would give me more coin than what I am holding right now. i will love to see altcoins move in the same direction as bitcoin please.
Every direction bitcoin goes will always be favorable if you really know how to shocking every side of the market, if bitcoin increases further now, it favors some of us, if it decreases, it still in a very big favor of us. Altcoins, I don’t really know what is going on with those ones.
what do you think will be the next move after the uptrend. from my own little observation, it looks like we will continue the uptrend towards 13k price mark before another retrenchment to 10k. i doubt if the price will go below 9k this year again.
i will love to see altcoins move in the same direction as bitcoin please.
i will love to see altcoins move in the same direction as bitcoin please.
The next thing you can do is be careful from where the market move as we don't know what will happen later. But if you can make a solution from now on related to the situation, I think you don't need to panic if the market is increases or decreases. You can use one strategy that will be useful if the price increase. And you can also use the other strategy that will help you to prevent the big loss if the price decreased. So you could still move following the market, and you might get a chance to make a profit if the price increase later.
That's totally true, that is why it is a great strategy to identify support and resistance lines. These can help you understand when there might be a sell off. Here is a TradingView idea I published that identified a bunch of resistance lines:
https://www.tradingview.com/chart/BTCUSD/Ur1qmQ4Z-RESISTANCE-Trading-strategy-on-resistance-and-support/
The next thing you can do is be careful from where the market move as we don't know what will happen later. But if you can make a solution from now on related to the situation, I think you don't need to panic if the market is increases or decreases. You can use one strategy that will be useful if the price increase. And you can also use the other strategy that will help you to prevent the big loss if the price decreased. So you could still move following the market, and you might get a chance to make a profit if the price increase later.
Going with the flow of the market is definitely the right way to go. Bitcoin can be very unpredictable at times, but if it breaks the 12k mark, then we can see clear skies ahead.
bitcoin is declining I think that's a normal cycle, we can't predict bitcoin in the future. can bitcoin experience price increases and price declines. so I think now the effect of rising or falling prices depends on the cycle in the market
We can't predict the future of course, it is recording lower highs as shown here and it could be a sign of things to come.
https://www.tradingview.com/chart/BTCUSD/dZU6KKRE-Bitcoin-Can-t-Break-Resistance-So-Headed-to-Support/
Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.
Because of this things, many will sell their coins now, if they believe in the illustration stated at the above. If it is going to go down at 8k$,
Though the price according to coinmarketcap was 11, 904$, perhaps it will take a long time before it recover again. But wait lets not forget that market is still unpredictable.
The market is definitely unpredictable, but there are strong support lines that Bitcoin has to pass first before making its way down to 8,000.
Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.
A drop to 8,000 is definitely reasonable. As shown here, we are recording lower highs and this could be a sign of things to come.
Many people sell their coins, that's why we experienced bitcoin price declined most of the time. Every spike of btc price, the price go down immediately and it's not within our control now. The whales always remained dominant on this market nowadays, and expecting the next waves cannot be predicted accurately. We can't give further analysis for this time, but for sure after the dip price another bounces will occur once rising price attracts more buyers.
It's totally true that the whales can change the price in a heart beat, but there are some noticeable trends that have occurred. Check this one out about a consolidation leading into a symmetrical triangle:
https://www.tradingview.com/chart/BTCUSD/4B6tnd8v-BITCOIN-Getting-ready-to-break-in-either-direction/
And this one about potentially a new trend forming:
https://www.tradingview.com/chart/BTCUSD/swA4hY5o-BITCOIN-New-Upward-Trend-Forming-Could-We-Hit-12-000-Again/
I think there are times it declines and there are times it increases so it is still important to ask why it declined even if it went up. I mean when it was declining we were all speculating and when it went up we are like "well it is not declining, it went up", of course it did but why did it went down in the first place.
You all do realize that when bitcoin is bought and went up if the people who sold all their coins and dropped the price didn't do that we would have been higher right now? I mean when it was 13k and people sold the price went down and it rarely ever went back there, if people didn't sold at that time all these buys since that time would have put on top of it and we would have been over 20k right now. It is a sad reality that sellers are causing us all these problems.
You all do realize that when bitcoin is bought and went up if the people who sold all their coins and dropped the price didn't do that we would have been higher right now? I mean when it was 13k and people sold the price went down and it rarely ever went back there, if people didn't sold at that time all these buys since that time would have put on top of it and we would have been over 20k right now. It is a sad reality that sellers are causing us all these problems.
Here is the quick Monfex market analysis update.
Trend analysis
The price is starting to consolidate near the $11,800 mark. Reaching higher lows and lower highs, this may indicate a break out in either direction. Volatility is decreasing and the RSI is showing downward momentum.
The fast EMA (200) is starting to make a sideways move, but still showing momentum for Bitcoin .
The current trend broke below the bottom trend line of the trend that was established on July 30. This is could mean it is forming a new trend, but with the aforementioned factors taken into account, we could see some heavy movement in either direction.
What To Watch
Watch for a break above $12,100. If this happens, we could see some good momentum upwards. If the price falls below $11,500 we could see a new downward trend headed to the nearest support of $11,100.
Trend analysis
The price is starting to consolidate near the $11,800 mark. Reaching higher lows and lower highs, this may indicate a break out in either direction. Volatility is decreasing and the RSI is showing downward momentum.
The fast EMA (200) is starting to make a sideways move, but still showing momentum for Bitcoin .
The current trend broke below the bottom trend line of the trend that was established on July 30. This is could mean it is forming a new trend, but with the aforementioned factors taken into account, we could see some heavy movement in either direction.
What To Watch
Watch for a break above $12,100. If this happens, we could see some good momentum upwards. If the price falls below $11,500 we could see a new downward trend headed to the nearest support of $11,100.
Many people sell their coins, that's why we experienced bitcoin price declined most of the time. Every spike of btc price, the price go down immediately and it's not within our control now. The whales always remained dominant on this market nowadays, and expecting the next waves cannot be predicted accurately. We can't give further analysis for this time, but for sure after the dip price another bounces will occur once rising price attracts more buyers.
We can’t stop people from selling their coin, we can only control our own investment and then adjust ourselves to their attitude, I know that it can be annoying, especially when traders that are doing shortenings are forcing the market down every time that it tries to break further barriers. While we have our long term investment fund already in the market, if we really want to not feel this, we just have to spate some funds to be using to trade also, trading in the sense that once those people forces the market down, we buy at the dip and then sell when the price is a bit high, if we practice this severally, we would not so much feel the waiting time for our long term investment fund to mature when the price of bitcoin eventually reaches the all time high.
Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.
That resistance level does look strong. If Bitcoin can continue to break past 12k and hover around 14k, I wouldn't worry too much about this trend you listed. But great catch!
Bitcoin prices are down and downs and downs in the world of cryptocurrency bitcoin is also one of the biggest coins every year there must be a significant movement, right now the price of bitcoin is down does not mean the end of the price in the future,I am very sure that bitcoin is one of the biggest digital currencies in the world, so the revival will soon come back to life to the most amazing position, we just wait for the process
Bitcoin is definitely not dead. Since this trade war, Bitcoin has gained the most due to investors using Bitcoin as a safe-haven asset. I do believe Bitcoin is the future. Patience is the key though.
By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already. Usually when its weekends the price of Bitcoin tends to go down but at current price, it might not go below $9,500 again till Monday or Tuesday so if you bought at $9,500 last July 28, your profits is still safe I think.
Currently Bitcoin is still the only coin to get the best stability during the past time. The value of Bitcoin changes every second and every person's investment decision can determine the price of Bitcoin in this market. I think with the recent large price increase this market is ready for new development and I believe Bitcoin and all altcoin will soon increase prices together during this time period.Great point. Especially with this trade war looming, it is a great time for Bitcoin to shine. It seems that investors are using Bitcoin as a safe-haven asset. Any news is good news for Bitcoin it seems.
The next thing you can do is be careful from where the market move as we don't know what will happen later. But if you can make a solution from now on related to the situation, I think you don't need to panic if the market is increases or decreases. You can use one strategy that will be useful if the price increase. And you can also use the other strategy that will help you to prevent the big loss if the price decreased. So you could still move following the market, and you might get a chance to make a profit if the price increase later.
bitcoin is declining I think that's a normal cycle, we can't predict bitcoin in the future. can bitcoin experience price increases and price declines. so I think now the effect of rising or falling prices depends on the cycle in the market
Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.
Because of this things, many will sell their coins now, if they believe in the illustration stated at the above. If it is going to go down at 8k$,
Though the price according to coinmarketcap was 11, 904$, perhaps it will take a long time before it recover again. But wait lets not forget that market is still unpredictable.
Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.
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