Bitcoin Forum

Another exclusive analysis for y'all. Remarkable similarity between today and the June 2019 bull run. We might have another leg down first, especially due to covid fears but it's unlikely to go below $8500. After that, the rise will be sharp and swift, blink and you'll miss it ;)

https://www.tradingview.com/x/IbcE2Zan/

I like how the chart is lining up but...

there's usually more at play than simple analysis can cover. Last time there was no pandemic and no threat of recession. It all can go to shit if stock market crashes on us.

Also, youtubers are startuing to be pretty desperate shouting that trendline was broken and Bitcoin is in a bull run every time it barely moves by 5% up. This makes me think that we are still far away from a real pump like the one in your prediction.

if nothing else thats a pretty nice prediction here. lets wait how far it will be when reality hits our face!
with different factors involved this time, are we going to experience the same trend???

    watching this thread...

I read this speculation in other media platforms as well, I think it is reddit. And people are then again jumping to the conclusion and the June leg up was just had peak around $10300-$10500 if my memory serves me right. So it's not a bull run per definition, probably a good bounce from the trading sideways that we have seen lately, it's boring and we really need some break out runs.

Many says bitcoin always repeat itself and we can confirm that if we are able to break the wall on $10k without the dump. I see many predictions, but this one is more accurate since its base on the price movement of bitcoin and not just an speculation.

The sideways trend of bitcoin now is the indication that something big is coming, as I’ve heard that Israel succeed on their vaccine or medicine to fight Covid-19, I believe this will be the best reason for bitcoin to rise up and other market too.

I wouldn't rely on TA too much these days, Bitcoin is influenced by the global economic trends right now, and we are living at very unstable times due to the pandemic. The Bitcoin market reached record correlation with stocks, so these days it might be better to watch news than draw lines on charts.

TBH, I don't really rely on TA's because all of these are just speculations and we are in speculative market things that we are in uncertain of what will happen next. We can draw any speculations base of what we understand the current behavior and all of these things, Bullrun is quite impossible this year and we can feel it.

I was closely checking on the market situation and seems not able to see a huge market demand that could trigger something explosive but it remains calmly as it was in the past days. I don't want to be more optimistic this time for the reason that it was only a tin chance to make it runs.
Anyway, I was satisfied already for the current price.

actually if we are looking for a similar previous trend i'd say this looks more like the first quarter of 2019 rather than the May and June months outlined in the chart in OP. circumstances are pretty similar too:
- a big drop for no reason other than panic sell and manipulation
- getting stuck behind a strong resistance ($4k) and going up and down in a fixed range
- a lot of FUD claiming price should drop 50% just because it isn't rising!
- a high volume indicating accumulation
- all of this taking months to complete.
i agree with the conclusion though. the uncertainty that has kept investors from jumping in will cause a sharp rise when the rise begins.

You got it wrong pal, Technical analysis and speculation are different. When it come to technical analysis, you rely on price action, structure, trend and volume unlike speculation is just an opinion or prediction on what will happen to the price. It is better to rely on technical analysis than on speculation because technical analysis can give you legit data and information that you need in your planning stage.

I rely on technical analysis when I do trading because it is working for me, I tried to use before fundamental and sentiment analysis but it doesn't work on me and I incurred huge losses. I do not say technical analysis is better and I only saying that it is the analysis that is suitable for me. There are still no signs that a major bull run will happen, the price is still consolidating and it requires massive volume in order to surpass its current resistance levels.

The same TA may indicate all kinds of possibilities though.

I can see so many patterns and triangles and all kinds of shapes and lines on that same chart. But good thing that you can find a bull out of that picture. I am crossing my fingers.

Right, I do see the pattern on the chart (base level and tight range ascending previous to that) but to be fair, I wouldn't have seen it if you hadn't drawn it out. Flatter triangle that hasn't been confirmed (and won't be confirmed for a while so that's going to be even flatter. When's the point where you saw this isn't a repeat of a 12-month cycle? I'd have said it's negated by now.

Those fractals are a real stretch. I never find this kind of analysis reliable anyway.


I agree about the unpredictability of the current situation, but I wouldn't disparage TA. The charts reflect all the fundamentals.

Price is trading in a tight range. I'm confident when that range is broken with authority that we can reliably trade in the direction of the new trend. This is simply a time where TA should be used to react to a breakout, not to predict one.

TA isn't fully reliable and often it could be interpreted in different ways. Based on techical analysis you can't predict bull run, unless that calls wishfull.thinking.
TA is just a help tool but not something that could help to predict price movements and something your decisions should be based, don't give too much significance to it.

But just like speculations, TA's won't give you a definite prediction. TA's may have all the data from the past price movements and trends, but still it's hard to predict the future price.
It's always better to use both fundamental and technical analysis. I, the same with the others on this thread won't solely rely on TA's as these patterns won't mean much with the current global economic recession and pandemic.

How about bitcoin's dominance slowly declining though? Is this another indication that investors are shifting to altcoin market now? IF this is the case then we might see this trend continues and that the supposedly bull run is not going to come as expected?

And we also have to understand where is the money will come as well. We are still in the pandemic and there are reports surfacing already that a second wave is imminent. And this may cause people to panic again, cash out or simply hold their fiat and not invest at all until everything settle down again.

I like the thinking here, I hadn't considered the similarity of summer 2019, especially now being in summer 2020, the seasonal aspect also seems pretty relevant.

Now the Hash Ribbons have signaled the 12th buy signal in 10 years, I'm also leaning more bullish long-term, even though a continued correction is possible:

exactly what i wanted to say today. i wanted to start one of my FOMO topics here which i always make during times like this. there is certainly a strong buildup in the market now and it could turn into a good momentum that could follow the same previous patterns including the summer of 2019 pattern and before you know it we see all the walls at $10k, $10.2k, come crumbling down and we find ourselves between $12k to $14k in a day or two.

TA is not giving you definite result, of course it can't, I mean if it was that certain everyone in the whole world would just do TA and make handful of profit every single day and there would never be anything as a poor person since everyone would make profits.

However, one thing is different in TA which is the fact that it is basing the assumption into something itself. So, for me to say "I think bitcoin will be 12k" and someone else saying "hey this chart is showing xyz to be abc and that is why it could go to 12k" are very different things. Are they both assumptions? Of course they are, nobody can see the future, however at least one of them bases their idea to something they have seen and can be proven, doesn't mean it will definitely happen but at least means they didn't just made it up.

Damn, so many good analyses for a big bull run in the next few months. I can't wait any longer to sell my bitcoin and altcoin. My technical analysis also shows the same result of a big bull run. A triangle is already shaped, just need to wait for a big pump to confirm this bull

However, the risk always involves in any trade. Money management is always necessary. Dont throw all of your money in one place. Be a smart investor

All the fear of a bearish run have gone down and everyone everywhere are predicting a bull run now, I think we have to be more careful from now on as a lot of times bitcoin do what is expected the least from it, so there can be an incoming market crash, but currently everything seems fine and the TA also hold good and looks like we will be having a Bullish market soon enough. I've been waiting from a long time for the market to do something, its been dead from a long time since the month of April and now finally we will be able to see some price action.

It’s been a while since the halving & we’ve been trading sideways with low volatility for a significant time now. I think the reduction of new coins mined due to the halving will have a really positive effect on the price soon. A violent upwards breakout would not surprise me.

I also believe bull market will happen as soon as uncertainties around covid-19 clear. There will for sure be huge economic impact of covid-19 next year no matter if we get vaccine very soon. But Bitcoin will still enter bull run. Next year will be for sure good year for Bitcoin.

The bull run is not only starting for the current corona condition around the world. We will see positive results when the world gets rid of Corona's condition. Now the most important thing in the world is to invent a vaccine. Now everyone is more concerned with their own lives than investing.

And it takes some time to prepare for the bull market. If you look at the time of the next bull market after the previous halving then you will understand ৷ The bull market slowly prepares.

it seems OP's prediction is supported by one of the tradingview BTC prediction. In this post : https://www.tradingview.com/chart/BTCUSD/c3saoQa4-BTC-Weekly-Outlook-FA-TA/, it was stated that a possible bullish trend might happen and even stated a key factor quoted below.


You can check https://www.tradingview.com/chart/BTCUSD/c3saoQa4-BTC-Weekly-Outlook-FA-TA/ for the chart analysis.

I do not need these TA but I can say that we are getting ready for a stronger bull rally as per bitcoin is trading in-between price levels which is usually a confirmed gesture toward a stronger bull run. We had halving for the third time but following bull rally is still due because that is needed to test the current ATH within the year of halving. It is just repeation of history hence I do not need any TA to expect market to trade this way.

We are all expecting markets to break $10,500 levels but it is going to be broken over the time as market may launch prices into $11k zone straight away. Probably the usual pullback may happen only after reaching a new high since July 2019. So, it is time to get into FOMO regardless of pandemic or vaccination news.

I hope this something will work, not actually it meant to be real as the economic situation still at worst but can't just disclose that the crypto market is still healthy and soon to be bullish as I believe. If this Bitcoin adoption momentum will continue there are no doubts that we can reach back to $10k again. It only needs more time as we understand that the situation might hold the people to invest crypto as their main concern is all about health. This probably the reason why we even don't surpass the $10k wall after it drops back.

We are looking for more resistance but unfortunately, we are still keeping low which affects the trend and kept this current price range for a few weeks.

Maybe I am wrong and meant not to use TA because it is not working for me but to ask you where are your legit data coming from? Last year or last month? I'm sure it is not for the incoming because it could just fall into speculation, not TA anymore. And I'm sure you can't say that what happens last year or even last month will also happen today and in the coming days. Definitely, there is is a big difference as we are in the volatility market, keeping in mind that crypto is only just a speculative market, nothing will know what will happen in the future that makes me stand that TA's can't be truly effective.

The bitcoin price is not moving higher from the early of this month, and I don't think that the bull run will come in shortly. We need to wait for more because bitcoin price still needs time to increase and break $10k. With bitcoin price is at $9,234, bitcoin price seems slow to grow and back to $9,400, and maybe that will need longer than we can think. The prediction that we make needs to adjust more and follow what happens in the market, but that can not always work because it will always move.

Am so much in support of TA technical analysis of bitcoin price. It's like he sees it clearly how bitcoin price will flow this year and next year. It will be difficult for bitcoin to break $10k price this year due to the pandemic.
Bitcoin price haven't gain much momentum to skyrocket above $10k this year, adamantly the price will keep falling below it. Hopefully by next year May/June the bull run will start

TBH it's the first time I'm seeing this kind of triangle formation and it's weird to see but does this fall under the symmetrical type of triangle? Since those types are shaped like a triangular flag and it doesn't lay flat like this so I'm not so sure if there TA applies to both. If it is a symmetrical triangle pattern then your are right it already have broken the formation and right now it looks like a breakout. But what concerns me with this pattern is the lack of volume involved since it is one of the main indicators to confirm if Bitcoin is really on a break out or not.

Same with new coins I have right now, it's currently active at coinmarketcap, but it was unfortunate to see that in the trading site where it was listed doesn't have further good volume. This is very common nowadays, so I'm not yet comfortable that bullrun will happen this year or early 2021.

Fundamental analysis always includes world economy conditions and events. Moreover, we do not need any quick leap just progressive rising will be more than enough, by considering how pandemic is getting slow down everywhere, we can assume that bitcoin will start attracting investors like usually it will do before pandemic. Bitcoin is into a rare stable zone right now which may not hold for long due to its basic economic rules hence we can expect bulls get back into action very soon.


Its deflation characteristics alone helps it to hold into a stable zone rather than falling down against every 10 minute supply. The deflation thing will not disappear suddenly just due to the reason of world economy is not doing well.

I agree, always a big bump is the trigger for bull run and this time as well we need one. But, when new investors get back on board, progressive growth also will lead to recovery to get back into the current ATH zone.


Do you have any supporting analysis on this? Or just your guess works? When you are talking like this you must include technical view to support your points rather than sounding like mere FUD.

May our chance it very tin as the crisis isn't over yet but I could have to wait for that chance to arrive in the future. 2020 isn't a great year for crypto and seems too hopeless to think about bullish but we could not tell next year. Who knows, miracle will come and also halving will have to affect as well.

I believe OP is being optimistic with the market but TA's will also be wrong (mostly) compared to real scenarios. But even though Bullrun is quite impossible but people will trust Bitcoin as a market potential which is very important, not the price. Because people could still be profitable even though the situation isn't really good.

We do have something of a breakout upwards, the big question for me is where to short it though.    Its not especially powerful so where does it fall back as its done previous.   This time could be different but generally I'm not inclined to think that. 

https://talkimg.com/images/2023/06/12/A4PDd.png

not shown on the chart but high prices today are the 50 day average.   We are above weekly and monthly which gives us the idea for now of positive sentiment, if it can hold this idea for the rest of today I'm going to think it can maybe go somewhere and challenge daily prior volume this year.

I was not confident with the TA but I was hoping that it looks like that in the coming days. I was in bullish mind thinking for a huge spike but the market seems so difficult this time and we need to understand how the pandemic gives a huge x-factor in regards to the market trend.

To expect more isn't hard to say but the reality will tell where we are today and less possible to make it high. But it is not worrying, we can someday it fall but there is time also to recover. Things will be fine in the coming days and so crypto. And looking forward to seeing Bullrun back once again.

Well, that didn't happen... Its 10 days later now and there is absolutely no bull run at all. I know that its not easy to make predictions and TA rarely ever gives results since if it was such an obvious thing every single poor person would learn TA and use it to get rich and nobody would be poor.

However, this one missed the mark by a mile. At the end of the day TA is something that "suggests" you something and that's it, there is nothing more to it, you have to deal with everything else on your own, if you do not make it then that means TA wasn't right that time but like I said sometimes its wrong, sometimes its right, you have to be careful and just make sure you are not going all in just because you saw something, what you saw could be wrong and would be your financial doom.

Your TA has become true today as we witnessed a sharp raising of BTC prices up to $9450 levels after almost 10 days today alone market showed some good bull's dominance. I was expecting to break $9500 levels but it seems like new intermediate resistance levels hence may not be broken on first attempt itself. Bitcoin markets managed to have new high in last 10 days but on checking month level, it hasn't surpassed the high of this July month; setting up new high will open door for more bullish markets in coming days.

I guess we are on the verge of getting vaccine for covid19 which must be the enough news for bitcoin markets to remain too bullish in coming months altogether. After halving, 2016's year end was too exciting with nearing then ATH hence I am just expecting similar market condition after this year's halving.

Nice daily bullish engulfing yesterday. Doesn't mean much given that we're smack in the middle of a 2-month range, but what is really interesting to me is what's happening in other risk asset markets. Epic runs in tech stocks, gold, and especially silver:

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

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

https://i.imgur.com/CZ2kmck.png

In my book, this is a good omen for BTC.

BTC front ran gains in stocks and gold in April. We might see a sector rotation type dynamic develop here again (in reverse), where BTC stays in range while other risk assets rally. When they pull back, it might be BTC's turn to break upwards. This would be a typical risk-on, bull market dynamic, very different from the bear market dynamic where everything is correlated and falls together.

2 weeks after?what happened to that TA? is there any good indication now?sorry but it looks like nothing is coming to reality.

Thats why i never trust TA given by random people here in forum.
Nothing that we can expect because Even Halving cannot make this effect good to the market.

Imagine how much is the stable price of bitcoin now?staying in 9k$ for how many weeks now.
 unless  we  all purchase  bitcoin now and  make  it circulate?thats  the  only way we can reach that goal.

Nice analysis but the longer time frame in which this is taking place makes all the difference in the world, after a sharp rise we saw a stabilization of the price only to recover its strength and go back up, the circumstances are different now, the stabilization period is very long so I do not see any pump in the cards and when you add the health crisis and how badly the economy has been performing during the previous months then it makes almost no sense to see such huge pump.

Great! I'm glad you've learnt the first lesson of trading and investing: never trust a random person on the internet.
Best of luck!

^ Definitely right, because everyone can provide by our own TA just simple plot a graph and compare to the previous price as your indicator. Personal TA is just like your own opinion that based on your own idea. However, everyone can do that if they are really want to, that is why random TA form random people are always doubtful for us because we have different ideas and opinions. Nevertheless, even how many TA was there but my mindset towards in bitcoin prediction price is the same, always hoping that the price will always to the moon.

no not all . only legit traders can do that  . look at me , im not a trader and i cant do a t.a but its possible for me to get info from others and get a graph online and share it with here  .  we cant trust anyone because they can be acting and only want to miss lead us for thier own good  . better if we trust people that have known to provide legit t.a's   . i like your mindset but its not possible for btc to always rise or moon  .  its not bad if it will be stable or experience a pump for a few times

It would be excellent if it went up almost without volume, because not having a lot of volume means that there is no floating offer, however, it is likely that it will start to rise to test those levels, I hope it will be met.

Although the pattern is similar to that of the period you name, this year is somewhat complicated by the fundamentals.

the price can't rise without volume unless the asset is already dead and one pumper is pumping it! but when the rise is natural and the increasing demand is increasing the price that means more investors are buying that asset hence the increase in volume.
additionally as we get closer to resistance levels more sells take place from day traders thinking they can make profit and buy back after the fall which means if the rise continues they all panic buy back and increase the volume even further.

We are having a lot of prediction this. At tradingview we are seeing expeets saying the samething op is saying. I think bitcoin did not have enough volume to make a surprising upward movement and at that I think it actually need to step down below $9000 in other to gather volume for next upward movement.

Technical analysis can give us different answers because we have different styles and perspective when we use it. I'm a short term trader and I do not see any bull sign in the price so basically I do not put huge volume there but whenever I see good sign, I think I will add to my current position. Always remember that TA is not always right, it only give us an idea on what will happen and where the price will go.

Volume is relative. He's just talking about a low volume rise, and pointing out the subsequent effects it could have on demand. This can happen when bulls slowly accumulate all the supply in a given price range, then begin pushing upwards.

Low volume = bears can't easily exit their short positions. Due to this liquidity vacuum, price can rise very quickly in a very short amount of time. A short squeeze, more or less. The price will stop where supply comes in.

Maybe a bull run is coming and some are waiting for it too. Its only a matter of when it will happen :D.

For me, as long as the price of Bitcoin doesn't go below the 200 Daily MA and the 21 Weekly MA then my sentiment will still be bullish along the way so I'm still expecting for a bull run to happen but right now we are at around $9000-$9500 for more than 2-3 weeks already I think.

Well, if a bull run will come it will come so lets just wait for it to happen :).

We've popped above and below the 200-day MA six times in the last year. In this sideways range we've seen since the 2017 top, it hasn't been particularly meaningful.

The 200-week MA is my ultimate barometer of the long term bull market. It's held strong since 2015 and currently stands at ~ $6,250. A wick below would be okay, but holding below for any length of time would be very worrisome.

Yes, everyone who still have the trust to this market are all hopeful that the bull will come and bring the wave high.


Still playing round that level and it's much better than seeing the price to fluctuate and experienced heavy fall.


Even there's no certainty, we should keep our assets and believe that bull will show up and bring huge benefits to our investment.

I used to also think like this, given in traditional markets these are the general conditions of bull & bear markets. But the following seems more true to me:


This is also my barometer for long-term bull markets, as it appears to be much more consistent compared to the 200 Day MA;


My most bearish scenario would be reaching the 6-8 year MAs in the $3.4K (double bottom ish) to $4.4K (higher low) range, as opposed to current values. This could also still turn out very bullish long-term, even if I find it unlikely right now given the 6 year strength of the 200 Week MA (roughly 4 Year MA):

https://www.tradingview.com/x/J1Ag1747/

I wouldn't be truly bearish (like $1000 incoming) until Bitcoin breaks below it's 10 year moving average however that's around $2,544 ;)

Hard to say what metric to go by since we've never really seen a bearish super cycle in BTC before. It's uncharted territory.

If we drop to $6K or below without an immediate V-bottom type reaction, it'll look pretty bearish to me. I've got xxxx123abcxxxx's sub-$1,000 scenario in the back of my mind: https://bitcointalk.org/index.php?topic=5128394.msg54692944#msg54692944

Indeed, this is why I'd conservatively put that metric at Bitcoin's longest MA, that currently stands at the average price of a Bitcoin in the past 10 years. I realise this isn't the average price paid for a Bitcoin since it's inception, that worryingly sits around $411 :o Price dropping below it's "total average price" would be a turning point for me though, as it's never hapened. Depending on when this could happen, it'd likely mean dropping below $3K next year would be macro bearish for the first time in history. I think this is very unlikely, but anything is possible. I find this MA to also be in confluence with price action too.


I also agree with this, manly because it would expose the $3K lows to be re-tested. The potential for a 50% drop would clearly be very bearish! Even finding a higher low around $4K would still be a bearish with a 30% move down from the 200 Week MA. The one thing I have considered is that potentially 200 Week MA isn't the "line in the sand" for Bitcoin, just as the 200 Day MA has proven to be fairly irrelevant in recent years. Looking from a different perspective, maybe Bitcoin found support from a long-term moving average that appeared half way through the bear market (and on other exchanges such as Bitstamp, at the lows of the bear market). If the same were true, we'd be looking for the 8 Year MA to be the line in the sand, currently at $3.2K, roughly $3.6K by next year.

Scary thought huh  :P

this pandemic issue is affecting the market in my opinion and that is why the price is not increasing much

---

that phrase: "bull run is coming" became funny

the price is fluctuating from $9000 to $9,600 and the times it tries to break the $ 10,000 it drops a lot and it has been like this for months so I will only be optimistic when I see the price break the $10500 and stay stable above the 10500 $ and after that has the problem of not being able to break the $13000 as well. we are really in a bad situation

 A good analysis indeed  the price need to break a strong resistance zone at $10,000 ad that is the only clear signal for the much awaited or establisha  bull run once that  zone is broken ad a retouch ie resistance turning support is a sure indication that the bulls had return to the market,  to achieve that a great deal of volume is needed and massive buying or a positive fundamental news will trigger price volatility and momentum overall the price looks bullish.

    It's good and very positive prediction for all of us, but I think the same as you Gabbie2010, first to break $10k resistance
after we will break next resistance, it's how we will grow and rise.
   I am not sure when we will see a bull run, this or next year, and probably not all of us imagine that bull run the same, for
me bull run will be when we make new ATH, everything before that is just ordinary crypto-market fluctuation.

$15,000 incoming in the next couple of months.

Its generally true that Bitcoin likes to chart the extremes so I definitely consider the lows long term when we rise alot as a possible scenario.     So far the action has been very positive in this latest break of the 50 day average but the stronger ceiling to break far more then MA indicators and momentum considerations is this amount of volume going to a year ago and before that lies overhead of the 10k area.
  I think it can get past 10500 but I think at present its still resting near to the previous high we've seen since March and also similarly in Feb the high was around here also.   So it has to be said price continues to need to prove itself to really be bullish, obviously it looks good in this last week to recover this well.
  Also watch the lows for a strong trend, 9800 as a low price must be support now I think is a quick measure thats fair.

Well don't say you weren't warned about this rally, you knew it was coming right? ;)

https://www.tradingview.com/x/pGbRLeZp/

I don't claim to be right all the time, but i tried to warn y'all!  ;D

but wondering, have you filled your bags when btc was in the 9k level? am curious what do you usually do when you have this kind of chart prediction? do you also follow your gut about these charts?

That's sweet, those who managed to follow you with this assessment that you've did surely
enjoying now with this spike.
Most of the time people who understand how to ride with the market really making a huge
profits and keep continuing to enjoy.
With this analysis together with your own understanding, you'll be able to make some good
advantage in taking every position.

---

Looking forward to see more from your assessment, would be more sweeter if you bring it
into the table.

The history will repeat itself, it going to happen.

As a trader look back to the privious chart movement is really important. Because most of the price movement will like that especially support and resistence.

We just need a good information that can affect to the sentiment market. And thus far many good information that spread in the market and yeah the time will proof it.

All analysis and charts it's nice to see however I'm still not convinced this is bull run. Despite the positive trend and general price rise price still moves back and forth and there is no continuous strong growth. That might happen in upcoming period but we might as well see price pulling back so for a while I'll be careful.with predictions.

Yes, that is right. History will repeat. The bull run slowly will come, and maybe the bull run will happen this year, and the price can back to $19k first before breaks the new ATH. We will see what will happen with bitcoin price, and while we don't see the price start rally, we can buy more and more bitcoin before we are too late to buy. But you don't have to follow the news or information before you can search for yourself because not all information is right.

The bull run actually came, we are talking about a very serious change in bitcoin world and how people are looking at it, the $9k was looked as a cap in people's minds, the $10k price was a psychological warfare where we went above and went down and went above and went down constantly, it is amazing that people would actually see that bitcoin would finally be going over $10k and not going down, of course we are still not there yet, we might be over but also we have to prove that we will not go down as well, which will only happen if we could manage to go even higher and protect our position at higher levels.

In order to do that the crypto investors have to take some risks and continue to buy bitcoin at a price where it is high already and not low like it should be when you are buying.

Only irrational buyers are going to that strategy though, BTFD is all we need to understand. We don't need to buy when the price is going up or least not within our budget. Well, we can buy in small portions, but it's better to see the price somewhat going on a healthy correction before getting ourselves into the buying mode.

Although that time has been gone, since the market seems to be in a bull run, but there will be scenario that it will dip for and that will be the best opportunity again.

If you are for long term then its very bad decision to buy when the price is pumping up but if you are a day trader then executing your buy orders is good since you can secure your profit and the end of the day.

But since situation is different these days maybe we can see further pumps and slow dumps but there are further changes of everything in the market and still the movements still unpredictable so we need to be careful.

I believe that it is the current period, thanks to the economic crisis, that many investors are looking for an alternative for their investments, in replacement of assets that are constantly falling in value. In addition, national currencies are also rapidly depreciating, and even ordinary people, not only in an attempt to invest their savings, but also as a replacement for their national currencies, use cryptocurrency. Thus, the massive attraction of investments and interested people to cryptocurrency, in any case, brings us closer to the bull run.

This pandemic added more interest from new investors, having a longer time doing their research about this industry
newcomers are starting to follow this market, they are adding investment as diversions especially those who came from
stocks, they are seeing value and good opportunities inside this venue.


A very good sign that people start learning that it's not an investment asset

but also a good payment process that they can use especially with this kind

of pandemic virus, people mostly wants to avoid direct contact to anyone.



Time to accumulate while there's still a lot chance, once the bull start to pump it will pump strong you'll be left behind.

Hardest kind of question because we know that doubts and hesitance will surely be there since no one can really be able to predict the future.For those people who do able

to buy when its still 9k just because they do believe that price will move upwards then good thing for them yet they do took the risk and normally able to make up some profits for that kind of risky
action.

We do really need these kind of decision making but it wont really be that simple or easy as it sounds.TA's might able to give patterns but still not an assurance thing that will surely
happen on next period of time.

Well, that is right. Perhaps that is impossible that bitcoin price will repeat itself in the previous chart. I never seen a chart that exactly the same result, --I like to see an technical analysis like this. But sometimes bothering in my mind that this techinical anlysis wont give any guarantee on us that has an accurate result upon predicting the market, it will remain prediction mby simply plotten on the chart. Perhaps not only TA will indicate the crypto price in the market, it is also include news and events.

If you want to see bitcoin going up, you want others to buy, because there is no other method for bitcoin to go up than just have people buy it, without purchasing bitcoin there is literally no other way that bitcoin could be going up. The only thing that would make bitcoin to go up is to buy it and if you are saying that people should wait for a correction before they buy that means you do not want it to go up right now neither.

Even if you do not buy it yourself, you should at least try to make sure that others buy, which means when you are talking about buying bitcoin you should promote it and you should support people do it and not write about how everyone should wait and not buy when it is high, they should buy it when it is high just so it could be even higher.

I believe that there is no better news for the cryptocurrency market than news about the depreciation of national currencies, as well as the decline in the stock market. In addition, unemployment in many countries pushes people to search for alternative sources of income, and in this situation, cryptocurrencies are not only a good means of investment, but also an opportunity to receive income from being near a computer at home.

If green days will continue untill end of this month for sure we will some whales taking some good actions and other will rush to buy some bits for them to not miss the bull run. It's really good to see that we are hitting up even if there's a pandemic and for sure many people think about how strong this is since they can see some positive for their investments.

Next month will be more exciting since maybe we can see some good high leaps.

When the price is volatile and goes up and down, whales take advantage of it during trading and not investment, however if the price goes up and continues to go up whales know that they can put in a lot more money.

Just to give an example, let's say there is few huge corporations in wall street that does bitcoin investment and trading, not as a whole but has a group of people under their employees who does that, those people could trade with few millions to make money, and if they somehow profit that is great, yet if they want to invest, that changes things because at that point they could invest tens of millions of dollars instead of just few millions to trade. That moment will be the moment we will see the "real" increase in the bitcoin world where price goes above $20k.

Yeah, and that's why many get REKT when they do shorts, specially when we have a massive run like last month.


Those are hedge fund managers, but if I'm not mistaken, majority of them do OTC trading, much safe and doesn't affect the market. But yes, institutional money are really coming in and we are already in a bull run, not like 2017, but most likely the madness will go as far as 2021 and possible to hit another all time high.

TA could indicate a lot of things but I feel like right now TA looks like it is indicating a stagnant process for bitcoin. We had our ups we had our downs and we had our ups and downs few more times, right now we are at  a stage we have to make sure that people are not doing as worse as they imagine if the bitcoin price stays the same, there is no shame in bitcoin not going up, as long as it doesn't go down that is a really good result for bitcoin and should be hoped for.

I feel like the best case for bitcoin could be staying above 11k for another 4-5 months without ever dropping under 10k price because we all know if it drops under 10k it takes time before it can reach above 10k once again. That is my priority over going high levels in bitcoin price to like 15k or whatever.

Nice call  up more than 20% since you called the shot.