Bitcoin Forum

BTC/USD:  Is This Finally It?

https://i.imgur.com/USensKS.jpg

Sometimes when the market has beaten us down, leaving us licking our wounds, we begin to doubt if we'll ever make some profit again.  Even tho it's telling us 'THIS IS IT', we still could not pull that trigger and make the trade...

Well, this is really it.  If you don't get in now, then you're a p*ssy.

Warning, I suck at trading.  Set your stop losses.  Rofl.

there is another way of looking at it. specially the part about "licking wounds". the way that the other half is looking at the market which is seeing it as an opportunity to buy more coins before it is too late. before the breakout happens and before they can no longer afford to buy the same amount bitcoin with the same amount of money

https://i.imgur.com/3CBjCZS.jpg

For me it's more than "licking our wounds" it's a good chance to buy more because that price will be above the $ 10,000 barrier at least for the next few days.[in other words Bitcoin will not cause you to lose even if you buy at $ 17,000 the price will return to the upside when you are patient]

---

Now let's enjoy high prices and low fees

This is the right move since it is only going up and havne't seen it go down by much in the last 4 days.
I think the ones who are cashing in right now are the ones who bought high the last time and as you have said are licking their wounds but for the last 3-4 months. ;)

Yes this maybe the start of the crazy run of 2018 so guys be ready for it.Now bitcoin is close to $10K which can give the confidence back to the investors who are holding the bitcoins for the long time and it will be a sad moment for the people who keep said this will be the end of crypto currencies.I got it ,if anyone didn't yet then as you said they are p*****y. :D

That is the most probable behavior of most Bitcoin believers here. $10,000 is a formidable resistance level, but it will eventually attain and cross the previous highs. The key point is patience and having the conviction to be firm in your beliefs.

Yeah, I thought the double bottom call two (three?) weeks ago was a little premature too but dismissed it as just a regular noise that the bulls felt they had to make after giving much of the Q1 stage to the bears. I will say that today's touching of 10k was unexpected though, even if it's the weekend and there does seem to be a fair amount of push every weekend especially from future markets.

If Bitcoin does creep up to 11 and 12 again this month, I'll feel it is a bit too hasty as BTC really needs to spend time consolidating before testing those resistances you brought up.

Can't complain either way.

ah, naturally we pulled back shortly after this post. dat $10k psychological price! :P


when we were coming off the double bottom in the upper $6000s / lower $7000s, that was the time to be bullish. now we have to contend with the 200 day MA, the 20 week MA, and the $10k psychological level.

nobody should be surprised at this pullback, but personally i think we consolidated for too long in the low $9000s to crash. lots of sellers should be supporting the price here. i might start getting nervous if we fall below yesterday's low ($9542 bfx).

To be honest, we're probably going to see a huge correction soon.

It's funny as someone else said, that people were reluctant to buy when prices were lower at $6000-8000 and yet, right now, they are extremely bullish regarding bitcoin's price movements in the short term. Doesn't really make much sense to me.

$10k resistance is still strong, and we experienced a pretty big pullback once again after the $10k level wasn't hit. And again, even if BTC does break $10k, I can't really see this being the move we should be looking for. It's more likely than not that $12k is going to present even more issues as a resistance. Plus, buying now at such high prices when I believe a correction is incoming soon is a pretty bad move, at least in the short run.

They are people after all. The ones who are fucking up humanity.

10k is actually too much,I am not saying I don't like it,but by seeing how people are reacting,they have forgotten the fact that last year this year,the price was 2k. And here they are fighting for 10k.

it doesn't look that strong anymore. this last "pull back" has been tiny compared to the last two times price tried rising. each time it went down to $8k level but this time it only went down 2% which is why i don't think there is going to be much resistance there anymore next time we try breaking it.

I don't know about huge but a correction is a given after the upswing BTC took as of late.

What doesn't make sense to me are some people who become bullish when things are falling apart and heed caution when BTC starts gaining some monentum again.

Now who would tell you to sell at the lows (if somebody did, he prolly has other plans)?  Rofl.  I for sure wouldn't.  I like trading the momentum at either direction long or short, then set stop losses to lose small and ride the trend for as long as I can with a trailing stop loss...  Just watch.  BTC is back babyyyy!

Edit:  Actually I would advice you to sell at 6000 USD when the momentum is going down if ever.  By 'sell' I mean go short.  ;)

Well, base on technical analysis i will say it is an upward sign that the market value of Bitcoin will soon reach moon and all other altcoins will follow suite since Bitcoin is the market mover in the crypto currency market.

That's the nature of this market. It basically comes down to people greatly looking forward to buy at lower levels, but once they actually bought whatever number of coins, and thus they are in the market with their capital, things aren't all that funny anymore as when it was without being invested. In other words, people do invest in Bitcoin, but aren't totally comfortable with it.

That's why I find it quite frustrating when people talk about trading being a fun thing and whatnot. People talking like that likely don't trade and thus don't expose themselves to the short term risks of this brutal market. There is no such a thing as fun when you are risking your capital, which is something they don't seem to understand yet, were more often than not these people aren't positioned in the market with capital, but only through bounty obtained funds.

The quote doesn't apply all the time but in this case, I also believe a correction is soon to happen. This is not the move I am looking for, I am waiting for btc price to reach 12,000 $ at least for me to believe that we are in a bullish trend.
Let's see. Either way I don't care because a correction and a pump both sounds good to me(since I can sell when it pumps and buy when it corrects). Even if I don't believe your side, it would be nice to at least see a crazy bullish trend once in a while(If your speculation really does happen).

I think that quote was said by one of the Rostchilds, not Buffet.  Not sure but you go look it up and report back, thanks.

And no, it's not my style.  I don't have an unlimited bankroll like they do.  I assume you do?  

Haven't you heard of the saying 'Never catch a falling knife'?

It's more on taking advantage of the situation. It's up to us if we're going to end up on the wrong side of that quote. If you've been in crypto for a long time, then you should be living that buffet saying by heart. Do the opposite of what most people do lol

If you don't understand how it works, you don't need to give advice on which people will lose their money.

Momentum traders actually have you to thank for catching the fall.  It slows it down and prevents hitting the mometum trader's stop losses.  ;)


Again with the sayings.  Rofl.  They're only good if you're as rich as them and those titans are basically the market.