Print Page - Bitcoin Golden Cross

Historic Moment
Golden Cross just happen
Golden cross is happening when 50MA cross 200MA on 1 day chart
It is happening right now
It is easy to drawn lines even on Bittrex studies to see that

Last Golden Cross was October 28th-30th, 2015. Subsequent gains of 6787%
So it is something to celebrate and be careful because many shorts can appear on 5.8 k to 6.k
If bitcoin will finally pass 6k and defend 5.8 then it can be very interesting on btc

So are we on bull trend? Its indicate something positive regarding bitcoin price. Seems current candle is green and bitcoin trying to stay above $5.5K. I am observing today price chart especially hourly. I am expecting a small bull at least above $6K once again. As I told before if btc stay stable above 5K then we will see small bull. And I think we we will see it soon since its trying to stay above $5.5K. In Binance rate it was touched $5.6K and got little dump. And seems now again trying to break this zone. Let's hope something positive for bitcoin holders.

Quote from: Reid on April 23, 2019, 12:56:46 PM

Hi Pab.
I dont know anything about that Golden Cross.

Look like OP indicate this topic, Bitcoin Almost Touches $5,600, Forming Its First Bullish Golden Cross Since October 2015 (https://cointelegraph.com/news/bitcoin-almost-touches-5-600-forming-its-first-bullish-golden-cross-since-october-2015). Look like bitcoin was cross this zone on 2015 before bull run and perhaps that's why called it golden zone. And we can see on the chart bitcoin broke this zone once again.

Quote from: Coolcryptovator on April 23, 2019, 01:05:07 PM

Quote from: Reid on April 23, 2019, 12:56:46 PM

Hi Pab.
I dont know anything about that Golden Cross.

Look like OP indicate this topic, [https://cointelegraph.com/news/bitcoin-almost-touches-5-600-forming-its-first-bullish-golden-cross-since-october-2015]Bitcoin Almost Touches $5,600, Forming Its First Bullish Golden Cross Since October 2015[/url]

Check out the post by HM on price movements after previous Golden Crosses

Quote from: HairyMaclairy on April 23, 2019, 11:23:40 AM

There have been 3 notable golden crosses before today on the 50/200 Daily Moving Average. They are as follows (look for where the red line 200 DMA crosses the yellow line 50 DMA from above).

Golden Cross in 2012
Price is flat during Golden Cross. Price up by ~ 60% 3 months later

https://i.ibb.co/r64YmQH/Golden-Cross-2012.png (https://ibb.co/zRGprmZ)

Golden Cross #1 in 2015
Price is falling during Golden Cross. Price down by ~9% 3 months later

https://i.ibb.co/8dCwnmJ/Golden-Cross-1-2015.png (https://ibb.co/LJFyD0M)

Golden Cross #2 in 2015
Price is rising during Golden Cross. Price up by ~45% 3 months later

https://i.ibb.co/1M9MnTy/Golden-Cross-2-2015.png (https://ibb.co/kJhJyXb)

Today's Golden Cross for comparison purposes
Price is rising during Golden Cross.

https://i.ibb.co/jJbgv5D/Current-state.png (https://ibb.co/Sf5RXxB)

Analysis

So far, most traders seem to be assuming that today's Golden Cross will be like Golden Cross #1 in 2015, with the price crashing from resistance at $6k. But the mood in July 2015 was very different from today. Importantly, in 2015 the price had already started to crash before Golden Cross #1.

Today's Golden Cross most closely resembles Golden Cross #2 in 2015. Which suggests we could find ourselves with a price of increase of 45% within 3 months, which would be nudging $8,000 in July (and possibly a spike to 10,000 before that...)

Quote from: Pab on April 23, 2019, 12:02:12 PM

Last Golden Cross was October 28th-30th, 2015. Subsequent gains of 6787%
So it is something to celebrate and be careful because many shorts can appear on 5.8 k to 6.k
If bitcoin will finally pass 6k and defend 5.8 then it can be very interesting on btc

I would not expect 6700% pomp again. Its different market now. It's much easier to pump from 200$ to 20 000$ rather than from 6000$ to 600 000$. Different type of investor and different amount of money is needed for that.

I do agree about strong resistance at 5.8k where huge amount of shorts will be opened. It will be the hardest point to break (but if so those shorts will be liquidated pumping price sharply - if price wont be stopped by huge whale sell wall). After breaking it and holding above 5.8k we will be in very comfortable zone.

Quote from: Tytanowy Janusz on April 23, 2019, 01:16:25 PM

Quote from: Pab on April 23, 2019, 12:02:12 PM

We have more trust from institutional investors now though. Institutions & financial corporations have seen how much bitcoin can fly up, they won’t want to miss the boat this time. We also have more exchanges & the infrastructure to cope with big money flowing in.

I wouldn’t rule out us seeing obscenely high price gains again.

Ok that is good news, but keep in mind that back in 2015 the first golden cross was fake, price had a massive correction to the down side right after the golden cross on the daily, this should give us some indication that if we were to repeat the same pattern again then price should dip from here at least 20-30% making a death cross before attempting another golden cross which i believe is the most likely scenario, plus we are approaching extremely powerful resistence.

i would not be so excited at this point at all.

If we look 2015 then there was significant price rise two days after golden cross begin
So just watch and check the lines
what is significant in my opinion it is move above 5800 $ d defend it
It is very early for that kind of up but we have very good news
Finally Amazon is accepting btc even if Amazon doesn't know about it lol
So relax and watch price action
By my opinion the best will be to consolidate on 5600 $ and then move higher but bulls are able to be very bullish last time

By the way the same we have on ETH chart

Quote from: Tytanowy Janusz on April 23, 2019, 01:16:25 PM

Quote from: Pab on April 23, 2019, 12:02:12 PM

I would not expect 6700% pomp again. Its different market now. It's much easier to pump from 200$ to 20 000$ rather than from 6000$ to 600 000$. Different type of investor and different amount of money is needed for that.

I do agree about strong resistance at 5.8k where huge amount of shorts will be opened. It will be the hardest point to break (but if so those shorts will be liquidated pumping price sharply - if price wont be stopped by huge whale sell wall). After breaking it and holding above 5.8k we will be in very comfortable zone.

Yes - one of the differences is that there are derivatives that enable traders to short bitcoin, which just didn't exist back in 2017. Bitcoin won't go back to the heady levels of $20,000 till after the halvening next year.

Quote from: Pab on April 23, 2019, 12:02:12 PM

So it is something to celebrate and be careful because many shorts can appear on 5.8 k to 6.k

actually it is something to cry over not celebrate, as currently a lot of traders are crying. because this only tells us that the days of cheap bitcoins at $3k level (lowest price that we will ever see) are over for sure and from now on we all have to pay higher amount of fiat to buy the same amount of bitcoin.

Quote from: alyssa85 on April 23, 2019, 01:33:47 PM

Quote from: Tytanowy Janusz on April 23, 2019, 01:16:25 PM

Quote from: Pab on April 23, 2019, 12:02:12 PM

Notice that first physical btc futures is coming in May
But i think lot of money is coming from LTC BCH recent pumps and BSV drama

Cool article http://bitcoingape.com/bitcoin-grinds-higher-will-the-golden-cross-send-btc-to-6k/

It looks like Golden Cross fomo is now more popular than Serena V buying btc

Quote from: BrewMaster on April 23, 2019, 01:40:35 PM

Quote from: Pab on April 23, 2019, 12:02:12 PM

So it is something to celebrate and be careful because many shorts can appear on 5.8 k to 6.k

I have the same thought when I saw it.

How could some of the traders afford it now if they are using BTC - USDT exchange. If not, then what is the best legitimate coin to trade it with. Something with stability too. Dont get me wrong but I really hate USDT trading and would love to use another option rather than that.

This is something that could make traders HODL again in FOMO.

Thank you DeathAngel and Coolcryptovator for the quick response.

Quote from: Pab on April 23, 2019, 01:41:23 PM

But i think lot of money is coming from LTC BCH recent pumps and BSV drama

based on what i have seen, majority of traders trade altcoins with bitcoin not with fiat. which means when they dump that altcoin they are dumping it in its bitcoin market (in this case for example they sell it in BSV/BTC market) which means "money "is not coming in bitcoin, people are just getting their bitcoins back after a loss.
even if they sell their altcoins for profit they are still selling it for bitcoin not fiat and their profit will be in bitcoin which either goes to their cold storage or goes into the next coin getting pumped.

What I don't like about the Golden Cross is it's ineffective towards volatile market. Unlike its usage towards the stock market or assets meant for investmemt seing a golden cross is a no questions ask sure thing to happen that the asset will go up. It can't be said towards volatile markets as also we the people especially the whales are the ones who decide where the market will go and if how will we play out the current scenario in. For normal traders I know a lot of us are in a gain now let's not forget that Bitcoin can be coming down fast if we get too much greedy with what we are seeing.

Quote from: BrewMaster on April 23, 2019, 02:41:47 PM

Quote from: Pab on April 23, 2019, 01:41:23 PM

But i think lot of money is coming from LTC BCH recent pumps and BSV drama

You can see interesting stats on
https://www.bitfinex.com/ usd and usdt if you click on usdt it looks like usdt are moving to eth

Quote from: BrewMaster on April 23, 2019, 02:41:47 PM

Quote from: Pab on April 23, 2019, 01:41:23 PM

But i think lot of money is coming from LTC BCH recent pumps and BSV drama

Its much more complicated. When you sell altcoin for bitcoin you are dropping alt/btc price. That decrease calculated alt/$ price while alt/$ price on market remains constant, thats bring opportunity for arbitrage traders to do this sequence:

Buy bitcoin with $
Buy altcoin for bitcoin
Sell altcoin for $
buy bitcoin with $
continue... until there is no price difference.
Therefore, even when you dump altcoin into bitcoin you are in fact boosting bitcoin price. Size of that depends on how big USDT market is (especially order book).

Your sentence is true only on those coins that are not nominated in $ at all.

Quote from: Pab on April 23, 2019, 02:54:53 PM

You can see interesting stats on
https://www.bitfinex.com/ usd and usdt if you click on usdt it looks like usdt are moving to eth

That does not mean anything. Especially now when bitfinex trading volume is marginal.

Do we think that it can be the same as the 2015 Golden Cross that had happened in my opinion and just like you said we should consider keeping it low and never speaking that it will always be the same, But well this can always be an indicator that the past may come true but for us to be safe in trading and experiencing losses with this kind of movement I consider this as a normal move for bitcoin because Bitcoin will always be recovering in the past and it doing just the same, A golden cross can be a coincidence for taking a crucial manifestation of the past movement it did, Volatile as ever we still should consider that it may still take a dip.

Quote from: Ahab_Hunter_of_BearWhale on April 23, 2019, 12:50:47 PM

Last time this happened was 2015 early start of bull rally.

this has become news on many bitcoin news channels

Bitcoin Almost Touches $5,600, Forming Its First Bullish Golden Cross Since October 2015 (https://cointelegraph.com/news/bitcoin-almost-touches-5-600-forming-its-first-bullish-golden-cross-since-october-2015)

I hope this means that we will see some considerable price increase and not a big pump and then a big dump

Quote from: Pab on April 23, 2019, 12:02:12 PM

I prefer to see a confluence of bullish signals before getting too confident. Taken alone, a 1-day golden cross isn't the most reliable signal.

Let's take a look at the 1-day golden cross which happened directly before the October 2015 cross:

https://i.imgur.com/FKQiIVP.png

It was a false signal and we crashed below $200 again. I would be prepared for a similar move this time too. Sentiment is feeling pretty exuberant right now. We've just made new local highs and will probably trend up a few more days, but I think this move will run into stiff resistance pretty soon.

Quote from: Reid on April 23, 2019, 12:56:46 PM

Hi Pab.
I dont know anything about that Golden Cross.
Can you enlighten me please by providing links to where I could read more about it?

Thank you in advance.
Kind of intrigued by it.

You can try to have a sneak on here: https://www.investopedia.com/terms/g/goldencross.asp

These technicals are really rare and if we try to look on previous golden cross it did happen to have a rally after.We cant say that it would happen again this time but
a very exciting thing to be observed about.

Quote from: buwaytress on April 23, 2019, 05:56:36 PM

I wonder how many other crypto would have made similar gold crosses in the past few years. Not knocking this find at all of course, just cognisant that we got here because of the April Fool 20% burst, and that volumes haven't been mindblowing. May not be as significant as the 2015 one. Tried looking online and seems people didn't make a big deal about it. Hindsight, huh.

same golden cross we have on ETH now from yesterday but golden cross doesn't belong to crypto only
Golden cross is bullish signal on stock markets from long long years
Mostly it works with stocks after golden cross stocks was rising

Expect that there will be shorts coming but this is becoming interesting.

Quote from: Slow death on April 23, 2019, 05:11:13 PM

I hope this means that we will see some considerable price increase and not a big pump and then a big dump

Yeah, we'd like to see a normal and stable growth but the past growth seems to be like that.

Quote from: Lanatsa on April 23, 2019, 06:20:35 PM

We cant say that it would happen again this time but
a very exciting thing to be observed about.

Let's say that history may repeat itself. ;D

Shorts are definitely creeping up according to this site (click for link (https://datamish.com/d/000000004/btcusd?refresh=20s&orgId=1)) that measures the total number of margin positions on Bitfinex and Bitmex, will be interesting to see what happens in the next few hours/days.

EMA also has not crossed yet though the regular MA has already crossed on Bitmex. Feels like buy pressure might be starting to weaken here though, and RSI on the daily is reaching into the mid 70s again.

Quote from: exstasie on April 23, 2019, 05:26:58 PM

It was a false signal and we crashed below $200 again. I would be prepared for a similar move this time too. Sentiment is feeling pretty exuberant right now. We've just made new local highs and will probably trend up a few more days, but I think this move will run into stiff resistance pretty soon.

Agree. Other think is that analysing only chart is confusing. 2015 is short after mt.gox hack. Questions is if we made this pull back to 200$ due to technical reason (And it may repeat now) or due to fud from next bad news that hit market.

Quote from: Pab on April 23, 2019, 12:52:51 PM

Quote from: Ahab_Hunter_of_BearWhale on April 23, 2019, 12:50:47 PM

Last time this happened was 2015 early start of bull rally.

Yeah something to watch in coming days

being like 2015 means you won't see the result in "a couple of days" because just like 2015 the rises are going to be slower than the usual thing people got used to in 2017. so basically the $6000 resistance can be broken in a couple of weeks as price creeps up slowly with a high volume but no excited movement. and then continue on that path to some higher price (probably around $9.5k) then start gaining more speed.

Quote from: talkbitcoin on April 24, 2019, 08:29:23 AM

Quote from: Pab on April 23, 2019, 12:52:51 PM

Quote from: Ahab_Hunter_of_BearWhale on April 23, 2019, 12:50:47 PM

Last time this happened was 2015 early start of bull rally.

Yeah something to watch in coming days

Yeah. It will take a while to grind higher and it won't be till 2020 and the imminent halvening that we shall see BTC try to break it's all time high.

I have been watching very interesting vid about btc price vs btc sentiment

You can watch that vid here just eleven min https://www.leadingtrader.com/are-we-in-a-new-bitcoin-bull-market/

At least it is not bullish vid yesterday we had golden cross over hyped and like a result one big red candle

I don't believe that we can drop to 3500 $ max i think can be 4600$
There is still April bounce back to 4800$ we had on April 2 so it is going fast maybe to fast

Quote from: Pab on April 23, 2019, 12:02:12 PM

Yeah, I saw lots of TA 'experts' saying that we have crossed that Golden Cross, however, it seems that the price didn't hold that much as bitcoin started to slow down and have a pullback in the last 24 hours or so.

But I'm not worried though, it looks like to me this is just a healthy pullback going to $5800-$6K in the next couple of weeks so it's interesting to see how are investors going to respond now.

Quote from: Jating on April 24, 2019, 04:07:26 PM

Pull-back is very normal as we had only 3 small weekly red candles and 12 green out of last 15 and only 1 small red candle out of 10 last candles. Even pull-back to 4500 is normal and will not be a threaten for future grow.

Quote from: 2chase on April 24, 2019, 06:33:48 PM

You should not hope that Bitcoin will overcome 6000 as early as next week, although of course there were many examples in history when technical analysis was not working, and Bitokin showed incredible miracles. But this time I think that 6000 Bitcoin can be overcome no earlier than in a month.

Hopefully that will be surpassed through in few days time, but for now just expect lesser in order to avoid frustrations if ever it won't. Crossing at 6000 could be struggling this time, since market recovery remains crucial due to panic holders taking day trades in order to recover losses. That normal scenario and it has been expected to happen once the price spikes in some certain value.

Quote from: Tytanowy Janusz on April 24, 2019, 06:15:50 PM

Even pull-back to 4500 is normal and will not be a threaten for future grow.

That would be quite a healthy move, especially if it bounces off the ~$4300 mark and set another higher low, plus it will tempt people who bought below these prices to sell before their profits turn in paper losses.

The price has gone up a lot in a market that's still bearish if you ignore the short term euphoria. Seriously, what happened to justify a price increase like this? No fundamental difference, no ETF, no Bakkt, no institutions, etc.

For me the bear market hasn't ended until we have a monthly close above last year's main support. Being conservative helped me a lot last year, and I'll continue being that even with how short term bullish things look right now.

Quote from: BitHodler on April 24, 2019, 09:59:08 PM

Seriously, what happened to justify a price increase like this? No fundamental difference, no ETF, no Bakkt, no institutions, etc.

We don't need fundamental changes to end the bear market. We just need supply to finally evaporate and demand to take over. I don't think there was any fundamental reason for the October 2015 breakout. Just supply and demand.

Quote from: BitHodler on April 24, 2019, 09:59:08 PM

For me the bear market hasn't ended until we have a monthly close above last year's main support. Being conservative helped me a lot last year, and I'll continue being that even with how short term bullish things look right now.

I take a similar position. We haven't gone sideways long enough to establish long term resistance and break above it, and we haven't broken and held above any long term S/R like $6,000. So there's no bullish structure yet. This can topple down like a house of cards.

Wow, a golden cross has occurred in 1-day intervals. By using these intervals, it is possible for a short-term bull run to occur but for a continuous bull run, it seems we have to find the golden cross at intervals of more than 1 day, at least we use 3 days, 4 days and 1-week intervals.

When the golden cross occurs in the interval that I mentioned then the bullish possibility is sustainable or we can call it a very large trend reversal compared to using a 1-day interval.

I do see if you look at any chart you will see that it will represent whatever you want, I always say that I can find a chart that shows bitcoin going down or going up in the future and it would only take 10 minutes. If you look at the price and movements today and check the resistance levels we have you can see that this time around its easier to break the next barrier compared to 4200 so its quite correct to say that we could go higher and it would be easier to go higher.

Of course just because its easier to go high doesn't mean it will go high but everything looks ready for a bull run for sure and we have absolutely nothing that can block us like it used to, this could potentially result with a bull run that could only be stopped at around 8 thousand dollar levels where the biggest next barrier is and that is why I think that is where we will stop.

Basically when too many traders start to follow and trade this method, the whales are going to try and trade against you.

Right now we are at an important point in time. The golden cross is one thing however the $5750 support of 2018 is very near.

We hit $5650, about $100 away and this begs the question what will happen next.

1) Will we hit $5750 and head back down?
2) Will we hit $5750 and break thru it and head towards $7k+
3) Will we top out at $5650 and head back down?

For some reason I am thinking the latter is the most obvious to happen since everybody wants to sell at $5750 or enter short.

Quote from: adaseb on April 25, 2019, 07:16:38 AM

Right now we are at an important point in time. The golden cross is one thing however the $5750 support of 2018 is very near.

We hit $5650, about $100 away and this begs the question what will happen next.

1) Will we hit $5750 and head back down?
2) Will we hit $5750 and break thru it and head towards $7k+
3) Will we top out at $5650 and head back down?

For some reason I am thinking the latter is the most obvious to happen since everybody wants to sell at $5750 or enter short.

re tagging 2018 support, markets usually overshoot or undershoot expected pivot levels. sellers either anticipate a reversal and we never hit the target (option 3) or buyers fomo when the market temporarily breaks through the resistance level.

either way, we're headed back down. the question is, do we trap a few more bulls and squeeze a few more bears first? :)

Quote from: daarul50 on April 24, 2019, 11:05:33 PM

Ethereum has had its GC before Bitcoin, and the price has gone down since then.

It really looks like that investors and traders have done everything to front run this event, and this actually makes sense. People also front run the block halving by buying before the actual event. It is bullish long term speaking, but after the event it's more likely to be boring for the first couple of weeks/months. Good for accumulation though.

We have been generously rewarded this month, perhaps it's time to have the market cool down a bit and -$4000 buyers unload their bags. What goes up hard...... :-X

I have found very good article explaining why golden cross is good long term bullish indicator
There are many historic data from US stocks not just a one used like a example with bitcoin
Worth to look
You can see data from 1991 to 2015

https://bullmarkets.co/study-the-golden-cross-is-a-good-long-term-bullish-indicator/

This Golden Cross will be a stop loss indicator for bear markets (in case a bear market ends before the model predicts the bottom). The Model has never failed to predict a bear market bottom before, but it’ always best to add contingencies.

It’s important to have long term stop loss indicators. That way you don’t stick with the model’s exact target until you make a big mistake. Here’s a very simple example (one that the model doesn’t use). Let’s assume that the model states “the S&P 500’s weekly RSI much reach 25 in a bear market”. But what happens if the bear market ends when weekly reaches 27? How do I prevent myself from being stubborn and missing out on the whole bull market?

The Golden Cross does this. It confirms that my model’s target won’t be met (because the bear market is already over), thereby allowing me to go long during the new bull market at a decent price.

Yes , we have all been celebrating since the beginning of the year, due to the growth in price we have been seeing, my prediction was that at the 2nd quarter of the year, we would see the price of bitcoin gain a resistance in the $5000 range, and that's what we are seeing already. I believe we are still yet to see the best price in bitcoin and other cryptocurrency that has great potentials, before the end of the fourth quarter of the year, we should hit $10,000.

Quote from: leowonderful on April 24, 2019, 11:40:50 AM

Seems like some pullback is already starting to happen as we dumped from the 5600s to lower 5400s. I wonder if we’re going to see continuation on this movement with further dumping or if things start pumping back up to the 5600s and beyond. Pretty uncertain what’s going to happen next personally.

It is not strange and it is meant to happen, if you study how bitcoin has been slowly appreciating, you will see that there is always a pull back from an increase, but the pullback will set for another stable pint higher than the previous one, Bitcoin stabilized around $5400 through last week, since it has test the $5600 now, I am expecting it to break the barrier back and stabilize around $5700 next week.

So, I am not surprised at the Pull back, and I am sure the next step will be for a further pump in price which we will see it happen shortly. There is nothing much to worry about now that we are in semi bull market.

I doubt the "head back down" will be a thing right now, after all the price could go down but not back down like what it used to be, I honestly feel like we have seen the bottom and the lowest it could get and we are not going to get that bottom anymore. The lowest we have seen was around 3400 I think and that means we are already almost at double that (I know 6800 is double but we are not that far away anymore).

So, I feel like a healthy drawback to something like 4500 or so and than going way back up to 7kish prices would be really the ideal scenario for us. Not going back down and just going up usually has threats of going back down a lot further, for example if you go 3-5-4-6-5-7 and so forth that is healthy but if you go from 1 to 10 than there is a chance of going back all the way down to 2 as well.

Quote from: Kevin77 on April 25, 2019, 07:13:04 PM

For almost sure we will not find new bottom. But new lows before bull run can be at $4500 or lower. I can see it under $4000. Why not. There are still 4 long months to go.

Quote from: Pab on April 23, 2019, 12:02:12 PM

It is an interesting we know this and we are able to understand that it has happened before and when that happens there was a positive outcome in bitcoin pricing. I hope this year own will not be different and this gold cross will bring Golding opportunities to us.

The cross already happened.

Basically if you put in BLX in tradingview and add the 50 and 200 Moving averages you see that it crossed on April 23rd and then 2 days later we got that big drop.

So this is proof that these are lagging indicators and if you take a trade based on it, it can be a big bull trap since you get the signal way too late.

Also in the past it was proven that not always does a cross result in a bull rally right after wards. It can drop before heading higher.

Quote from: HairyMaclairy on April 23, 2019, 11:23:40 AM

Assembles most likely, from my visual impression, the #2 of 2015, too. Will try a zoom in onto that area. If the sudden jump as has been happening 4/2/2019 can be found in a similar percentage gain, this might be a valid prevision.
Three monthes are enough reaction time for sorting out personal financials.

Quote from: twiifm on May 21, 2019, 08:31:03 PM

Many people who know technical analysis follow the signals like golden cross and death cross. I'm buying Bitcoin at the time of the golden cross on a 4-hour chart, and I'm not selling it until the death cross is seen on the 4-hour chart. I've never been hurt by now.

That golden cross makes a good profit to those who follows it, TA works sometimes and you can really relay on that. The next resistance is $8300 level and i think if we cross that level again the price of bitcoin will never be cheap again.

Quote from: Dreamchaser21 on May 21, 2019, 09:59:36 PM

Quote from: twiifm on May 21, 2019, 08:31:03 PM

Technical analysis is a must to get good earning through trading. With regard to the 200 day and 50 day moving average we get the Golden Cross occur. This itself a confirmation on the stabilized growth, I too believe $8300-$8600 to be a resistance point for the next level of growth which is to reach $10k

Quote from: DeathAngel on April 23, 2019, 01:03:11 PM

Quote from: Ahab_Hunter_of_BearWhale on April 23, 2019, 12:50:47 PM

Last time this happened was 2015 early start of bull rally.

Fingers crossed we see a repeat of that movement. It’d be nice to see the new bull market confirmed.

I suppose we want all the same thing, the market has been bearish for too long and as an investor it is really problematic to make money during the bear market, so I really hope that people are right and we are close to see another bull market, the last time this happened I was not ready and I did not had the knowledge to take advantage of it but now everything has changed.

Quote from: Silberman on May 22, 2019, 09:28:23 PM

Quote from: DeathAngel on April 23, 2019, 01:03:11 PM

Quote from: Ahab_Hunter_of_BearWhale on April 23, 2019, 12:50:47 PM

Last time this happened was 2015 early start of bull rally.

Fingers crossed we see a repeat of that movement. It’d be nice to see the new bull market confirmed.

Of course, we wouldn't wanted to see the price goes off the roof again?

Everyone is greedy here in the market, but the thing is, as investors or speculators we really need to have a lot of patience and not to have that mindset to earn very quick in short amount of time.

Bulls are already inside the ecosystem, just waiting for more bulls to enter or even fresh blood to pump the market again. However, the real bull run might start in 2020-2021.

Quote from: Jating on May 22, 2019, 10:05:32 PM

However, the real bull run might start in 2020-2021.

How do you know? Just a guess? If the bottom is actually in, which I'm sure not many people doubt anymore, the multi year bull run has already started. It could speed up at some point, but that's something you can't time.

The only thing that matters is to keep holding your coins and to not get excited too early. Most people sell their coins during the first 25-50% increase, which they end up buying back at higher levels because they regret having sold.

I must admit that it isn't always easy holding through price increases, but the initial 25-50% profit during a bull run is peanuts compared to what you can have simply by being patient.

Bitcoin Forum

Economy => Speculation => Topic started by: Pab on April 23, 2019, 12:02:12 PM