Bitcoin Forum

Above $20,500 till where there can be some resistance, if BTC crosses this mark, there is going to be short squeezing.

Anyone who wants to sell will sell around $19500 only because that is the level. Above $21,500 - $21,000, a lot of futures trader will face short squeezing, new retail investors will enter. Easy $3,000 - $5,000 move. I guarantee.

Good ways to trade:

• Sell around $19700. Rebuy around $21,000 and take a $4000 profit atleast.
  Another good way is to move to alts which still have 2x upside left.

Bring on your thoughts. Let's discuss, debate and predict together

What are your support & resistance ?

I would say, use FIbonacci for that. Give me some time. I will share one. Look at 23.6 above 20k.
That should be the level.
Support: I wouldn't trust anything before $10,000. So if I am buying BTC, it is either around $10k or above $21k. I have booked profits at $19,697 or something.

Profits that you've made on bitcoin can be good to be used for moving alts as you try to avoid some squeezing or the volatility that it shows. But there are traders who are trading bitcoin directly to alts and I think that's not favorable to them. And as much as I want to trade, I'll keep the BTC and use my other resources to buy alts. Well, that's on me and I'm thinking of keeping BTC first than trading it with alts unless I'll trade it for stable coin and keep it for a while until rebuying back again when it the dip comes.

In a crypt, no one can give guarantees, you greatly overestimate your capabilities. In addition, it seems to me that you have a very weak justification for your prediction - why did you decide that exactly the levels that you voice are important? Your post looks like another unfounded prediction.

It's ok though, at least we will know which traders that are sharing their analysis has weight and value or just another wannabee. So this could be a valuable advise or not.

Question though, which alt do the OP see that will give us a upside of x2 very quick? ETH or XRP?
I'm leaning towards XRP though, specially with the news of fork this December 12. But I'm not staying that long, just enough to give me some profits and then go back to bitcoin.

Very true! No one can guarantee in this market. Even experts can't give such guarantee to people. And the OP's username is cryptoadviser, won't follow his piece of advice here.  ::) He has no charts at least to support what he was saying here. Just baseless assumptions. I hope he will not delete this post later on.


So you will be one of those XRP holders that will sell XRP after the snapshot?  :P

I have set sell orders at some points, just a small amount of bitcoin in case there will be another pullback below $18k but the fact that bitcoin is getting on over $19k repeatedly in a short period after many attempts to halt bitcoin to break $20k with huge dumps, in the end, bitcoin will make it to surpass $20k in the next few days, so I prefer to sell at $21k-24k.

Actually we have a big resistance around $20,000 already, very difficult at this point to overcome as traders are selling at some point around $19,700-$19,900. But if we slice it in the next following days, I think bitcoin will go higher perhaps $21,000 tops before another massive drop.

Moving to alts is dangerous, but if you are a experience traders, then it's doable. Get your short term profit and shift back to Bitcoin after a dump, just a matter of timing.

This is my chart right now with Support and Resistances

https://i.imgur.com/axcEpS3.png

Ever since December, I've highlighted it in the blue box and it goes in the range of $19350 - $19700.

My positioning will be Long at $19700 then Short around $19350. Once it goes out of the box. Take a Profit of around 5% with x20 leverage is nice.

It's bears vs bulls right now, with bears building a strong resistance around 20k$ and bull building a strong support around 17-17.5k$ area so the battle is still going on.

In my personal opinion, I think we will have big trouble to cross the 20k$ market as we already tried 2 times with no signs of crossing it and another month just began 2 days ago so we might see a pull back followed by a bigger correction this time. I'm patiently waiting to see how this will go in the next coming day/weeks. ::)

That's a great advise on how to lose money. ;D
I'm not very good at math,but how exactly can we sell at 19.7K,then buy at 21K and make a 4K profit?
The best move is to just HODL...
Why do you think that the altcoins will go 2x?If the altcoins are going 2x,while Bitcoin price is increasing with 10% only ,wouldn't all the investors just leave BTC and jump on the altcoins?
How the hell can you "guarantee" that the price will go up by 3K-5K USD?Do you have some secret insider information?Are you the God of crypto trading or something? ;D

Haha good arguments! I know how to trade. And I know I can be wrong. hence, I trade on probabilities. But the good thing is I always have a back up plan. One does not get so many investors to manage the portfolio if they weren't doing good or something right.
I am only sharing what I am doing myself.
My point is, there is still upside to alts. Can't say the same for BTC unless $21,000 taken out. Still, the % movement will be higher in alts because it is easier to move them.
I am betting heavy on alts as of now. A lot!

I have $70,000+ in alts across my and client's portfolio. It's still not a bigger part of the portfolio but I am gonna move more to alts.
Some profits booked in BTC and some holding.

What frustrates the situation is that the market price of Bitcoin have gone through many months or years to make an uprise movement in its market value just to be able to break its ATH. And now that its market value is only few hundreds away, and is having a hard time. Not to mention how unpredictable the market is in its nature. "what ever happens, happens", a mentality many of the investors are having. Waiting is the only thing we can do aside from being a holder at times of downfall. So we better wait what will happen next than to speculate because market moves on its way.

Sell at $19,700 and rebuy at $21,000? And then wait for the price to give you around $4,000 profit? Is this what you really meant so say? I cannot seem to wrap my head around this strategy. Why sell at a much lower price only to end up rebuying at a higher one?

My suggestion is to keep hodling for now. Don't think of tiny profits along the way at the risk of being left out. For me, the market is really bullish that it is able to register green candles despite the fact that there are probably a lot of sellers before $20,000.[/list]

And your rationale for selling at $19,700 and buying back at $21,000 ... thus losing 7% right off?

Because the price could certainly go down. This is sound logic, as once it breaks $20,000 with conviction it may very well be off to the races.

It could of course, however, that isn’t what s/he said is it?  If it went down why wouldn’t you buy back in lower instead of waiting until it was back above your sell price ... especially as that is what you are predicting will happen?

The price struggles to reach at #20k right now and if you're doing short trades I don't recommend it for those who doesn't able to have focused observation on the recent market changes. It needs more effort to do it in order to watch out real time on the market behavior. The risk of setting up an order is really stressful, hopefully you won't lose big amount on that mate.

Yeah, then get out immediately as I'm not an XRP fan, just trying to squeeze some money and off I go, Lol. Just today, I have seen the price goes to $19,400 and I thought it will continue and try to go $20k again. Unfortunately, it goes down to $19k flat and I'm not sure if we are going to see it going below $19k again in the next 4 hours or so.

That $20k barrier is really hard to break right now. Take notice as well that the trading volume has somewhat slow as well.

Why sell around 19700 and rebuy at around 21000? I mean we are talking about going up and not going down here. If the price is $22k right now and you said sell at 19700 and buy at $22k that would make sense but we are at $19k right now, which means it is a linear increase and there is no reason to miss out on the profit between those prices.

However I do agree that there is a huge amount of space between those prices which means above $20k we are going to be very fast to go up a bit. Yet one thing surprises me as well, normally when I see these type of emptiness I attribute to very quick increase potential but this time around I think, if we go there eventually which we probably will, shouldn't there be a lot more people who buy and sell, making it filled instead of being this empty?

Absolutely. Above $21k, I will open up my service again to onboard 10 more clients. Because market becomes bullish again.
A lot of those owning alts among the current clients would have doubled their money or 2.5x.

I wouldn't buy before $10k or $21k. This is not the right place to hold. Although I see a strong bull signal since they are holding around $19,000. Not sure how long the bear would be able to hold. But I always trade on probabilities and that has worked for me.
So I exited BTC and moved to alts.

After several unsuccessful predictions, such analysts usually either end up with this activity or begin to make such vague predictions that in any development of events they turn out to be "right"  ;D
I think that if a person believes in his forecast, then first of all he will try to make money on it and not tell everyone about his thoughts.

If we could move beyond 20k and stay there steady, I am pretty sure we are going to be doing much better than just 22-24 range, we are going to actually skyrocket after that. Logic should be the fact that bitcoin basically did awesome so far to reach this place but we are having both a real resistance at 20k which makes it difficult to go beyond that price, but also a psychological place where it is ATH and we haven't been over 20k ever in bitcoin history plus the last time we tried it took us 3 years to get back to this place, so people are afraid and the selling has increased like crazy.

However if we could actually go beyond 20k and stay there and basically we all agree that above 20k is now something real and we are doing it, people will stop focusing on that and focus on more gains.