Will bitcoin remain above $4000 this time around? - page 7.

talkbitcoin

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Quote from: sheenshane on March 17, 2019, 12:22:14 AM

Quote from: talkbitcoin on March 17, 2019, 12:12:05 AM

Quote from: LUCKMCFLY on March 16, 2019, 11:26:14 PM

The movement towards 4k produced little volume, it is good, because there was almost no offer, and it has been falling a bit,

you can't expect the volume to increase beyond what it currently is and was in the past week when price rise is still small. in other words when for the past week price has been rising slowly from $3700 to $4000 the volume stays the same as the rate of this rise. if it changes and price goes up faster then you can expect a bigger volume.

Well, that's right. In my own speculation, Bitcoin will keep going down below four thousand dollars and I am not sure when it would rise up again. If I were you, I wouldn't expect Bitcoin to rise and will just wait what will happen to the next days. You have to acquire the mindset of holding and keep and not expecting good things but bad things. Enough of being very enthusiastic and hopeful because it will make you a bad trader/investor.

Just bet it, win or lose.

sorry but your comment doesn't make any sense to me!
you don't explain why you think bitcoin will "keep going down".
and also what you say about the "mindset" doesn't make much sense either. you either speculate a rise in long term or you don't. if you do them you should be accumulating right now that price is stable and at least close to the bottom not just wait around!

Oasisman

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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.

sheenshane

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Quote from: talkbitcoin on March 17, 2019, 12:12:05 AM

Quote from: LUCKMCFLY on March 16, 2019, 11:26:14 PM

The movement towards 4k produced little volume, it is good, because there was almost no offer, and it has been falling a bit,

you can't expect the volume to increase beyond what it currently is and was in the past week when price rise is still small. in other words when for the past week price has been rising slowly from $3700 to $4000 the volume stays the same as the rate of this rise. if it changes and price goes up faster then you can expect a bigger volume.

Well, that's right. In my own speculation, Bitcoin will keep going down below four thousand dollars and I am not sure when it would rise up again. If I were you, I wouldn't expect Bitcoin to rise and will just wait what will happen to the next days. You have to acquire the mindset of holding and keep and not expecting good things but bad things. Enough of being very enthusiastic and hopeful because it will make you a bad trader/investor.

Just bet it, win or lose.

talkbitcoin

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Quote from: LUCKMCFLY on March 16, 2019, 11:26:14 PM

The movement towards 4k produced little volume, it is good, because there was almost no offer, and it has been falling a bit,

you can't expect the volume to increase beyond what it currently is and was in the past week when price rise is still small. in other words when for the past week price has been rising slowly from $3700 to $4000 the volume stays the same as the rate of this rise. if it changes and price goes up faster then you can expect a bigger volume.

LUCKMCFLY

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Right now it is not because it is negative, but it is more likely that it will go below 4k, but there is a slight possibility that it will stay in 4k and take a small lateralization, if this lateralization occurs it is beneficial, since it would be creating an area of liquidity.

The movement towards 4k produced little volume, it is good, because there was almost no offer, and it has been falling a bit, but the price of bitcoin has decreased with a larger volume than it increased, this means that there is no offer in levels of lower price, then we could say that one of Wyckoff's Principles of Effort-Outcome Law is taking place.

We can consider another scenario, which is a bullish trap, so that many enter Long and then abruptly lower the price of bitcoin, to hunt the Stop Loss of the operators, and thus buy cheaper. The best thing to do at this moment is wait, in my case I do not see a clear entry to take a position in the market, the most healthy thing would be to wait for some important movement, and then there to react.

Gaff

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Quote from: eaLiTy on March 16, 2019, 12:52:50 PM

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

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?

At this stage we cannot predict whether the resistance above $4200 will be broken with this run and if it does then we will see a further push to five thousand dollars before it hit another resistance level probably around $6500, if the market holds up like this by the end of this month then we will see another price rally, it depends upon how the market moves by the end of this month.

This is the most challenging part of crypto these days, which I think big whales now do their part of manipulation before hitting above $4k or higher. It's true if market moves smoothly and will pump amazingly, we will see another profitable value but if not bearish market will continue to pull down price towards down trend behavior. Everything here now was so unpredictable, so better stay tuned and don't give up until the dreams of $20k is reached.

pixie85

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I'm a believer in Bitcoin but I don't underestimate the power of manipulation. This power is extremely strong on all crypto markets and the dump groups won't give up and let it grow when they know that supporters are still weak.

We aren't in the bull market yet and they will try to retest the lows at least one more time. For them to stop they will have to get rekt. This means that they will have to dump and get bought instantly like that time on march 14.

Kevin77

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I don't think it will stay above 4000 for too long but I do not think it will drop too much neither. I feel like the levels of 3800-4200 is fairly realistic for now until we move further away in any direction. It could be going under 3800 or it could be going above 4200 but as long as neither of those things happen it will continue going between those prices up and down for a while. Which in terms means that yes price will fall below 4000 again but more like 100-200 dollars at most and nothing more.

So, if you consider 3999 as "under 4000" which it technically is but psychologically is not different from where we are today than yeah it will definitely go below 4000 mark soon. I just feel like as long as we do not get a big change in bitcoin the price is just stuck right now.

Kopyleft

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I do not get the excitement about crossing the $4k mark. It us not such a significant threshold, and in the past weeks the market price has been very stable close to that range.
We can actually start getting optimistic when we see the price within the $6000 range.

exstasie

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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?

I wouldn't focus so much on the $4K area. It's a resistance, but breaking it is less meaningful than you think and will probably only be temporary. Even if we tag $6,000 next month, it doesn't indicate a new bull market yet and it doesn't mean we're not going back to the $3,000s.

dodgrad

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I think investors are beginning to believe in price stabilization and the end of the bear market, and fresh capital will flow into the crypto market. I believe that the $4k level will be crossed within a month.

eaLiTy

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

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?

At this stage we cannot predict whether the resistance above $4200 will be broken with this run and if it does then we will see a further push to five thousand dollars before it hit another resistance level probably around $6500, if the market holds up like this by the end of this month then we will see another price rally, it depends upon how the market moves by the end of this month.

YuginKadoya

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From my point of view in the upcoming next years halving the price now have less volatility than in the last year movement and I think that the $4000 mark is a strong safe zone for the price right now, but we can not be sure about how it can last long it can be a couple of months I guess, But I am glad that we are going into some movement even if it is not a sudden pump a movement like these are OK for me than a less volatility and no movement at all, it can still go for a reversal the resistance for this value is so strong that it takes a couple of days before entering this value.

talkbitcoin

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it really doesn't matter in my opinion. what matters most to me is what is going to come afterwards and how ready i am going to be for that. this rise is going to happen sooner or later whether it is going to be this time or next time in a week from now. the part that i am most interested in is how much price is going to shoot up when the rise begins. meaning right after we break the $4200 resistance and when the FOMO buyers run to bitcoin while dumping their altcoin bags and cause the bitcoin price to suddenly shoot up something like $2000 in only 1 hour!!!

Bitcoinwaist

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why is there resistance at $4k? is it just because its a round number, psychological barrier or is there something else? I don't remember much going on at $4k when the price fell from $6k to $3100? I would think if anything, resistance would be at $6k where most people thought the bottom and was at for several months. what am i missing?

ryap12

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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?

From what I see, if it does not go up to $4.2k or above then there is a chance it will go back to $3.7k. Just my instincts though through the experiences I have in the cryptocurrency market. But I still hope it goes back to $10k at least for this year so everyone gets a happy face.

DeathAngel

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I guess the OP got his answer quicker than he expected. We’re sub $4,000 AGAIN. It really seems to be a point of resistance with people dumping as soon as we go over $4,000.

Weird.

Shinpako09

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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.

iqlimasyadiqa

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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?

There will always be changes at any time. now what we need to do is wait, the market is trying to recover and bring a much better trust. we will get a good situation when we are patient and I am very optimistic that the price of bitcoin can reach much higher.

bitcoin31

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Price of the bitcoin is $4000 and my expection or hope will increase more the value. We need to maintain that value for the bitcoin price so the market will know again by the other people do they will invest again and the rising for the bitcoin price will continue for this now and the next target is $5000.

Topic: Will bitcoin remain above $4000 this time around? - page 7. (Read 973 times)