Will bitcoin remain above $4000 this time around? - page 6.

gabmen

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Quote from: LeGaulois on March 19, 2019, 05:50:38 AM

Quote from: guoyu78 on March 19, 2019, 03:26:05 AM

Quote from: LeGaulois on March 18, 2019, 08:47:08 AM

I can't believe Bitcoin crossed the $4,000 line, in the weekend on the top of that. I feel like if Bitcoin is going to the moon soon. Cheesy

Of course, a lot of people will just sell. They didn't buy all their coins during the winter just to be swag, they all have the plan to sell it, but they won't wait to see BTC/$20k, they will do it perhaps around $8k.

I'm curious to see if BTC will go again below the $4,000 line now.

I don’t think people will really sell their pump at this time, if they wanted to sell when it clocked 4k, we would have seen a drastic dump in the price forcing the coin to go down below $4k immediately but as it stands now, many people are obviously waiting to see the end of it, I mean its peak.

I am also a holder and till I see Bitcoin get to $10k, I am not going to exchange it no matter the fluctuation that may arise within the time it accomplish that, for now, I really doubt if bitcoin will go below $4k again.

People filled their stock of bitcoins while the price was between $3,200 to $4,200. So, of course, they don't plan to sell them soon, even if the BTC continues its small rise. But if its value goes back to the $8,000, you can be sure they will start slowly to resell. Most people won't wait for a $15k-$20k and they aren't ready for another "slap to the moon" with a 70% crash later.

Well whales can play with the price and can easily pull it down again below 4k but those that still remain holding btcs aren't weak hands anymore so yeah i doubt we'll go far down if ever. Perhaps in a few weeks we'll consistently be above 4k.

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Quote from: guoyu78 on March 19, 2019, 03:26:05 AM

Quote from: LeGaulois on March 18, 2019, 08:47:08 AM

I can't believe Bitcoin crossed the $4,000 line, in the weekend on the top of that. I feel like if Bitcoin is going to the moon soon. Cheesy

Of course, a lot of people will just sell. They didn't buy all their coins during the winter just to be swag, they all have the plan to sell it, but they won't wait to see BTC/$20k, they will do it perhaps around $8k.

I'm curious to see if BTC will go again below the $4,000 line now.

I don’t think people will really sell their pump at this time, if they wanted to sell when it clocked 4k, we would have seen a drastic dump in the price forcing the coin to go down below $4k immediately but as it stands now, many people are obviously waiting to see the end of it, I mean its peak.

I am also a holder and till I see Bitcoin get to $10k, I am not going to exchange it no matter the fluctuation that may arise within the time it accomplish that, for now, I really doubt if bitcoin will go below $4k again.

People filled their stock of bitcoins while the price was between $3,200 to $4,200. So, of course, they don't plan to sell them soon, even if the BTC continues its small rise. But if its value goes back to the $8,000, you can be sure they will start slowly to resell. Most people won't wait for a $15k-$20k and they aren't ready for another "slap to the moon" with a 70% crash later.

guoyu78

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Quote from: LeGaulois on March 18, 2019, 08:47:08 AM

I can't believe Bitcoin crossed the $4,000 line, in the weekend on the top of that. I feel like if Bitcoin is going to the moon soon. Cheesy

Of course, a lot of people will just sell. They didn't buy all their coins during the winter just to be swag, they all have the plan to sell it, but they won't wait to see BTC/$20k, they will do it perhaps around $8k.

I'm curious to see if BTC will go again below the $4,000 line now.

I don’t think people will really sell their pump at this time, if they wanted to sell when it clocked 4k, we would have seen a drastic dump in the price forcing the coin to go down below $4k immediately but as it stands now, many people are obviously waiting to see the end of it, I mean its peak.

I am also a holder and till I see Bitcoin get to $10k, I am not going to exchange it no matter the fluctuation that may arise within the time it accomplish that, for now, I really doubt if bitcoin will go below $4k again.

arpon11

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Quote from: Ayiranorea on March 18, 2019, 11:37:38 AM

This time the price of bitcoin seems to stay above the $4000 barrier for a longer time period than the previous barrier cross. In this way surely there will be good increase in the falling days. As of now the price isn't moving big, but it continues to fluctuate staying above $4000. Also several predictions have come stating that the price might reach $4500 or get back to $3200. Let's hope for the best.

I don't think bitcoin has been able to stay a full week above $4000 without dumping back to below that amount. In cryptocurrencies market we have to analyze what happened in the past in other to be able to be to forecasts what will happens in future. Currently bitcoin is just trading a little above $4000 I think it is just $4022 at coinmarketcap. It seems is about to go below $4000 again and this has happened more than 7 time this year alone. Bitcoin needs strong momentum to remain above $4000 and going towards $3200 is out of equation for now according to my own analysis.

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This time the price of bitcoin seems to stay above the $4000 barrier for a longer time period than the previous barrier cross. In this way surely there will be good increase in the falling days. As of now the price isn't moving big, but it continues to fluctuate staying above $4000. Also several predictions have come stating that the price might reach $4500 or get back to $3200. Let's hope for the best.

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Quote from: LeGaulois on March 18, 2019, 08:47:08 AM

I can't believe Bitcoin crossed the $4,000 line, in the weekend on the top of that. I feel like if Bitcoin is going to the moon soon. Cheesy

I don't know if this is somehow sarcastic as I think (Haha), and yeah It's a little progress yet, a progress is a progress.

Quote from: LeGaulois on March 18, 2019, 08:47:08 AM

I'm curious to see if BTC will go again below the $4,000 line now.

As I see, It stabilized at this range $3.6-$4k basing on the past graphs (or I seem to be outdated). Hence, Let's expect that it will just play along the line and somehow it will cross below $4K line again. It's a quite month I guess for Bitcoin, it's like we are at the point in which "We don't expect much, nothing more and nothing less".

Pump UP Bitcoin, PUMP UP! Cheesy

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Quote from: BitHodler on March 17, 2019, 05:56:02 PM

Quote from: adaseb on March 17, 2019, 01:33:52 AM

So I am thinking we will at least test $4200 and who knows what will happen in that area. If we break it then it's a crazy FOMO short covering rally to $5000-$6000.

In case we do get that pump, I do believe that we'll stagnate below $5000 due to how bots will respect the moving averages and take profits before even reaching there, simply because it's unlikely that they break directly.

What people seem to forget is that short term traders and investors have had months to buy their coins below the $4000 mark. What do you think will happen when they see the price go up from where we are right now?

We have to start going up from scratch again, and that's far from an easy job with how there isn't much that signals the end of this lengthy bear market. It's much better to continue being conservative while the trend is still down.

I can't believe Bitcoin crossed the $4,000 line, in the weekend on the top of that. I feel like if Bitcoin is going to the moon soon. Cheesy

Of course, a lot of people will just sell. They didn't buy all their coins during the winter just to be swag, they all have the plan to sell it, but they won't wait to see BTC/$20k, they will do it perhaps around $8k.

I'm curious to see if BTC will go again below the $4,000 line now.

STT

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Quote from: BitHodler on March 17, 2019, 05:56:02 PM

In case we do get that pump, I do believe that we'll stagnate below $5000 due to how bots will respect the moving averages and take profits before even reaching there, simply because it's unlikely that they break directly.

I'm guessing we run upto 6000 maybe even further so long as we break through 4500. Its all a maybe till then, short term I would guess we do get 4500 but then another repeat of a sell with more on cue doom and gloom from people thinking a sell from 4500 means we must half in price

As far as moving averages goes we are above the 50 day which makes us roughly positive. Then the big one to watch is the perfectly simple 200 day at 4883 so that indicator being in the orbit of 4500, so close is kind of a double whammy effect. That area could easily be a short term ceiling

pooya87

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Quote from: BitHodler on March 17, 2019, 05:56:02 PM

Quote from: adaseb on March 17, 2019, 01:33:52 AM

So I am thinking we will at least test $4200 and who knows what will happen in that area. If we break it then it's a crazy FOMO short covering rally to $5000-$6000.

In case we do get that pump, I do believe that we'll stagnate below $5000 due to how bots will respect the moving averages and take profits before even reaching there, simply because it's unlikely that they break directly.

What people seem to forget is that short term traders and investors have had months to buy their coins below the $4000 mark. What do you think will happen when they see the price go up from where we are right now?

We have to start going up from scratch again, and that's far from an easy job with how there isn't much that signals the end of this lengthy bear market. It's much better to continue being conservative while the trend is still down.

that is true if we don't see an actual FOMO in which case you are correct. the day traders will crash that rise and it has to be started all over again with a couple more ups and downs before the $5k is broken. but what @adaseb was saying is about the existence of a FOMO which can easily push the price up beyond $5k in less than 6 hours and if the push is strong enough no amount of day trader/bots selling can negate that. we have certainly seen this multiple times before.

Ararbermas

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Quote from: arpon11 on March 16, 2019, 04:35:00 AM

Since December last year that bitcoin fall below $4000 it has make several move of crossing above $4000 and it always get dumped after few days. I think a strong resistance has been created a little above $4000 and that is why we have not see a good recovery after this bear market. As at this moment bitcoin is trading around $4,052 across most of the popular exchange and my question is will bitcoin get below $4000 again or it is on the part to break the resistance level that has been pushing it backward?

the current resistance of bitcoin is 3k above mate since market experience massive declined last year and this current price of market is a small progress only after the several attempts of bull . For me until year end probably there's a chance again it will gradually decreasing again but for sure on month of may it will show again another progress which is a good chance to gain profits.

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Quote from: adaseb on March 17, 2019, 01:33:52 AM

So I am thinking we will at least test $4200 and who knows what will happen in that area. If we break it then it's a crazy FOMO short covering rally to $5000-$6000.

In case we do get that pump, I do believe that we'll stagnate below $5000 due to how bots will respect the moving averages and take profits before even reaching there, simply because it's unlikely that they break directly.

What people seem to forget is that short term traders and investors have had months to buy their coins below the $4000 mark. What do you think will happen when they see the price go up from where we are right now?

We have to start going up from scratch again, and that's far from an easy job with how there isn't much that signals the end of this lengthy bear market. It's much better to continue being conservative while the trend is still down.

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Quote from: Ayiranorea on March 17, 2019, 11:52:50 AM

This time the price has reached close to $4075, and later the price started to fall rapidly reaching close to $4000. Later once again it started to increase and now staying around $4032. As the price seems to be fluctuating there is possibilities to go low to $4000. Hope the fluctuations happen above $4000 supporting to cross further barriers.

Yes we seen a good price coming over right now, but unfortunately it wasn't having good pumps, due to panic sellers who happened to sell while price spikes tend to swing. Fluctuating price remained unpredictable and strong holders cannot determine when will be the exact time they could move along. Eventually this situation will fall back again to great recovery when market return to it's rising trend soon as price will be more than $4k.

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Quote from: Shinpako09 on March 16, 2019, 08:06:16 AM

Quote from: Jating on March 16, 2019, 06:50:21 AM

We can't really tell at this point. Actually I was surprised to see the price goes to $4k without any significant news. It also shows that something from behind might be doing an old dogs trick, trying to manipulate again and set traps for newbies to jump in and they will suddenly dump again.

So just be cautious this rally doesn't look natural to me, just saying.

This could be true, like the previous one but for me, I feel this one seems better. I'm rooting to have a new floor price this time at $4k. If this one lasted longer or even in a week, then this might be a new floor price. Not so far from previous resistance but atleast we finally cross $4k.

And it is still holding today, with no significant movement whatsoever, so I will still be cautious though. Of course it's better to have a floor price of $4k rather than below. But personally, I don't know, I don't like this feeling.

I don't want to be negative but I have hunch that we might go back to sub $4k again in the coming days, just my opinion though. Looks like the rise to $4k is not organic, at least from what I see.

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It feels like its going to be a common thing for us though. I can't bet that we will stay above 4000 but I feel like that 4000 going to be more common than we all know. Normally lets face it we have spent most of our price at around 3500 range (less than 4000 I mean) for the past 4 months or so, now that we are here it looks like we will not be going down that much again and come back above 4000 a lot quicker this time.

I mean we have hit above 4000 around 5 or 6 times in the past 4 months or so, each time we dropped back to sub 3500 levels and we tried to recover heavily. This time it looks like we will not need that, and since we do not need to come back from so much down maybe this time when it goes up it can go up above 4200 levels for the first time creating a bullish trend? Who knows, lets hope so.

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This time the price has reached close to $4075, and later the price started to fall rapidly reaching close to $4000. Later once again it started to increase and now staying around $4032. As the price seems to be fluctuating there is possibilities to go low to $4000. Hope the fluctuations happen above $4000 supporting to cross further barriers.

radjie

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there is still a possibility that market price movements will fall below $ 4000, but because many people expect a sharp rise in prices this year, after a slight decline not long after that market prices rise again. I think the enthusiasm of the crypto holder is fairly fair now, some expect market price movements to rise sharply and some take the opportunity to buy at low prices so that market price movements when rising do not increase sharply and when moving down cannot decrease in value at the lowest price point

alisafidel58

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Depending on how will the traders move weather its a pump and dump fast or a slow and steady pump. I was really hoping that it would be a slow and steady pump till it reach around $4,500, this way it safe to trade unlike going to a big pump the after a few hours theres a huge dump.

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Quote from: adaseb on March 17, 2019, 01:33:52 AM

Basically since we broke $6K last November, pretty much every pump has been shorted down almost immediately.

technically we have only had 2 attempts to rise so far ever since price dropped below $6k since you can not count small rises like from $3200 to $3300 as an attempt to rise!!!
("pump" is not the correct term to use here since rise is not the same as pump).

Quote

We are around the $500 million mark which is pretty constant which means that traders haven't taken profit yet.

traders have taken their profit out before we even fell below $6k!
the day traders are also taking profit daily so they are constantly doing it.

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Basically since we broke $6K last November, pretty much every pump has been shorted down almost immediately.

However we actually had a failed low and have been slowly creeping up. One indicator that I look at is the open interest on Bitmex.

We are around the $500 million mark which is pretty constant which means that traders haven't taken profit yet.
Last time when we hit $4200 last time around the open interest basically shrunk by $100 million. This time it shrunk by $10 million or so which is very small.

So I am thinking we will at least test $4200 and who knows what will happen in that area. If we break it then it's a crazy FOMO short covering rally to $5000-$6000.

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Quote from: Oasisman on March 17, 2019, 12:48:26 AM

The market condition is telling us that its really hard to push through $4k and now we're here, I might say theres a huge chance that it'll fall back again a hundred or two dollars if not today maybe tomorrow or the other day. Im not being negative, rather Im just being realistic basing on my observation with the market and price movement. In fact, right now, Bitcoin's price slightly declined -1.75% from the last few hours. Yet, nobody could ever predict the price precisely, so I might be wrong with my statement.

Everything might be concluded by self understanding, we can't assure how bitcoin will behave within an hour or day but knowing where to position for your benefits can let us survive from this never ending sways, believing with your own assessment and make sure to stand on your own grounds, things will still be possible trend will bring the value we always wanted to see.

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